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NCB( no-claim bonus) in an insurance policy is a form of discount offered to the customers for not making a claim in the previous policy period. The no-claim bonus starts from 0% and reaches up to 50% for each claim-free year. NCB in auto insurance is valid for a period of 90 days from the expiry date of the policy after which the NCB would lapse. Higher NCB means a higher discount for the customer. If there is a claim the NCB would be reduced to 0% and then increases for each claim-free year. The NCB in health insurance is the extra sum insured offered to the customer for not making any claim during the previous policy period.
In motor insurance, the No Claim Bonus (NCB) in an insurance policy is the discount offered by the insurance company on the own damage section of the insurance policy for the customers who don’t claim in the previous years. The no claim bonus is a reward given to the customers who refrain themselves from small claims or customers with good driving behavior.
NCB is the no claim bonus which is offered to car insurance customers at the time of renewal if there is no claim during the previous policy period. The no-claim bonus is a form of discount offered to the customers for not making a claim in the previous policy period. The no-claim bonus starts from 0% and reaches up to 50% for each claim-free year. NCB in auto insurance is valid for a period of 90 days from the expiry date of the policy after which the NCB would lapse. Higher NCB means a higher discount for the customer.
NCB is the no claim bonus which is offered to auto insurance customers at the time of renewal if there is no claim during the previous policy period. The no-claim bonus is a form of discount offered to the customers for not making a claim in the previous policy period. The no-claim bonus starts from 0% and reaches up to 50% for each claim-free year. NCB in auto insurance is valid for a period of 90 days from the expiry date of the policy after which the NCB would lapse. Higher NCB means a higher discount for the customer. If there is a claim the NCB would be reduced to 0% and then increases for each claim-free year. The NCB in health insurance is the extra sum insured offered to the customer for not making any claim during the previous policy period.
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Yes. The policyholder can nominate anyone for his insurance policy.
National Pension Scheme also known as National Pension System which is specially designed to offer financial security to Indian senior citizens. NPS scheme provides long-term savings options. It is open to all the employees from the public sector, private sector, and even the unorganized sector except for those who work in the Armed Forces.
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The insurance company and the insured get a legal contract for the insurance, which is called the insurance policy. The insurance policy will ensure financial security.
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