What is the no claim bonus after 5 years?
A No Claim Bonus (NCB) represents a substantial financial reward accumulated on general insurance policies—most notably motor vehicle insurance—for each consecutive year a policyholder goes without filing an insurance claim. After five consecutive claim-free years, policyholders typically reach the maximum NCB discount tier, which can slash the cost of annual comprehensive premium renewals by up to fifty percent, offering significant long-term savings for safe drivers.
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