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First of all let us understand what is no claim bonus in bike insurance and how do you benefit in it in 2022 by paying Lowest premium.
Whenever you get your vehicle insured, you get a lot of add ons in it, there is one no claim bonus add ons inside it, it's said that if you have not taken any claim from the insurance company for 1 year, then Next year you will get 5% discount in the premium that you pay every month and this discount will increase by 50% if you do not take any claim for your 5 years.
No claim Bonus in bike insurance | 2022 get lowest premium
If you are taking no claim bonus bike insurance, then you will get a lot of discount on the monthly premium of insurance so that you can save your money but sometimes if there is a big accident then you will not get your own loss due to no claim bonus.
No claim bonus bike insurance related complete details A to Z
First of all let me tell you that (NCB) no claim bonus is also called (BMS) bonus malus system.
This system is very popular in auto mobile, its main purpose is that if you are driving well then you should be rewarded for it.
If you drive well then your accident will not happen which will benefit the company and then the company will give you some percentage discount at the time of next renewal.
In most companies, its percentage discount is 20% after 1 year, 25% after two years, 35% after three years, 45% after 4 years and up to 50% after 5 years.Keep in mind this is an estimated percentage.
Some very popular questions related to no claim bonus bike insurance
I have taken some questions from all of you so that I can clear your doubts related this topic.
- Is it worth keeping no claims bonus?
After taking the No claim bonus, you can get your premium reduced according to the percentage.So if you ask whether you should take no claim bonus or not, then I will tell you that you must take it.
- Do I lose my no claims if someone hits me?
This question is of many people, the answer is very simple that whether it is your fault or not, if you claim your insurance company, then your no claim bonus will end.
- Can I have a No Claim Bonus for more than 1 car?
You should know that if you take an insurance then it is only for one car or bike, then no claim bonus will also be there only for that car or bike, if you want more than one no claim bonus then you have to pay for that separately. Insurance will have to be done.
- Is NCB applicable for two wheeler bike?
Yes it is available for both and I am very surprised when it comes to know that people want to take no claim bonus in third party insurance as this facility is available only in comprehensive insurance.
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