After a year of driving safely with no accidents, you are ready to renew your car insurance policy.
When you renew your insurance policy, the company may offer a discount for having been a loyal customer. This is known as loyalty insurance.
1. No Claim Bonus Add-on
No claim bonus is the reward that your car insurance company gives you when you have an accident-free period. After purchasing this add-on.
2. No Claim Bonus Calculator
No claim bonus for four-wheeler insurance is generally calculated in the following way: 20% of the insured sum is payable at one time
An additional 5% will be added to NB each succeeding with every renewal period until it reaches 50%.