Do you have any recollections of your childhood? Like when you were 5 or 6 years old, and your father promised you a treat candy if you behaved well all day, studied hard, and did not cause any trouble? A No Claim Bonus (NCB) is similar to that, a treat for being a responsible rider.



Ncb In Two Wheeler Insurance



You might be wondering what a bonus has to do with efficient and safe bike riding. If you have bike insurance but have driven carefully and properly maintained your bike, your insurer will give you an NCB.

What is NCB in the Context of Bike Insurance?

If you drive responsibly and do not file a claim for a year, you will earn a discount on your policy renewal. A No Claim Bonus is a name for this type of discount.

In formal terms, an NCB is a premium discount given to a policyholder for not filing a claim during the policy year. The concept of a No Claim Bonus was established to dissuade rogue claims and teach some discipline to the riders.

The good news is that if you keep up your good behaviour and, fingers crossed, your bike never has any problems, damages, or accidents, you can build up your No Claim Bonus over time.

Benefits of NCB in Bike Insurance

You can keep your No Claim Bonus (NCB) on your 2-wheeler insurance and a few more bonuses if you don't make any claims during the policy period:

A Delightful Reward

It's a reward offered to you by your insurance carrier for driving safely and not filing a claim during the duration of your coverage. It's a discount that encourages you to drive safely while also ensuring that you follow the rules of the road.


The NCB belongs to you because you drove carefully and did not file a claim. As a result, it is possible to transfer it to a different insurance company. When you renew your policy, you can take advantage of the NCB.

Assists In Lowering Premiums

If you do not file a claim during the insurance period, the NCB is applied to the renewal premium as a discount. You can reap the benefits of the financial advantages it provides.

Why is NCB Important?

Two-wheeler insurance is necessary from a legal standpoint, as it provides third-party coverage and protects your vehicle from damage caused by you (OD). One of the most crucial aspects to consider when purchasing bike insurance is the NCB. It's critical, especially if you're pursuing a damages claim. What role does NCB play in two-wheeler insurance? The following are a few points that will help you comprehend the significance of the NCB:

Discount While You're Renewing

NCB is a reward or discount offered by Comprehensive Two-Wheeler Insurance for riding safely and without filing a claim during the policy period. The insurance provider will offer you a discount in the form of NCB when you renew your policy, which will help you save money on your premium.

Get up to a 50% Discount on Premiums

The insurance provider will give you almost a 50% discount on your premium if you renew your two-wheeler for the fifth time without making a claim. The NCB percentage for each consecutive claim-free year has been set by the IRDAI. This is a five-year maximum. The discount begins at 20% for the first year and increases to 50% after five consecutive claim-free years.

What To Do In Case You Have Filed A Claim During The Policy Period?

You may have to file a claim at some point throughout the policy period. You will be deprived of the benefits of NCB as a result of this. Insurance firms offer Add-on to your normal Comprehensive bike insurance to make it more comprehensive in terms of features, to protect this feature or discount. The NCB Protection Cover is one such example. As a result, even if you file a claim, the NCB will be preserved, and you can use the discount when renewing your insurance policy. The NCB Protect Add-on will protect the NCB while you file a claim during the policy period, at a slightly higher premium.

Things To Consider While Deciding On NCB In Bike Insurance

NCB will be Nullified if Any Claim is Made

The NCB is given by the insurance company in the form of a discount for riding your bike safely and without filing a claim during the policy period. Hence, you should make smart claims to ensure that you safeguard the NCB. This is especially helpful if you have accrued a 50% discount by not filing claims for five years in a row.

Small Claims Should be Avoided

Even a single claim will exclude you from receiving the NCB discount when renewing your insurance for the following year. Make sure you don't file petty claims while affecting the NCB.

FAQs - Frequently Asked Questions

Q1. What are the rules for NCB transfers?

You must obtain the NCB Transfer Certificate from your old insurance carrier to transfer the NCB to new bike insurance. You will be able to transfer the No Claim Bonus to the new two-wheeler insurance if you submit the document along with Form 29 and 30 (buyer/seller agreement).

Q2. Is it true that if someone strikes my bike, I will lose my NCB?

You will lose NCB if you file a claim and the insurance company pays the repair bill by settling your claim. If the other individual files a third-party claim with their insurance company, however, your NCB coverage will remain unaffected.

Q3. Is it possible to transfer a No Claim Bonus (NCB)?

Yes. Once your old bike has been sold to a buyer, you can transfer the NCB benefit to a new vehicle.

Q4. How long should I wait to file a claim with my insurance company?

The time taken for an insurance company to resolve a claim varies depending on the insurer.

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