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Overview
Features And Benefits
Third-Party Two-Wheeler Insurance
Comprehensive Two-Wheeler Insurance
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Save On Premium
Renewal Benefits
IDV in Bike Insurance
NCB
Zero Depreciation Bike Insurance
Roadside Assistance
New Bike Insurance
Engine Protection Cover add-on
Deductibles
Types of Shriram Two-Wheeler Insurance
Coverages
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Premium Components
Eligibility and Required Documents
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Claim Process
Bike Insurance Premium Calculator
Terminologies
Policy Download
FAQs

What is a No Claim Bonus (NCB) in Two Wheeler Insurance

No Claim Bonus (NCB) is provided by insurance providers to the insureds who have not made any claims during the policy tenure
NCB is applied on the Own Damage premium that the policy holder has to pay during the next policy period
No Claim Bonus increases with each consecutive claim-free year, up to a maximum of 50%

NCB can be transferred to a new insurance company when the policy holder switches insurers
NCB can also be transferred to a new vehicle, provided the policy holder has sold the old vehicle and is purchasing a new one

NCBs can be beneficial for policy holders in the long run, as they increase with every year they go claim-free
It also reflects positively on the policy holder's driving record and can result in comparatively lesser premiums in the future

Period of Shriram Motor Insurance	No Claim Bonus Percentage
No claim made during the preceding full year of Shriram Two-Wheeler Insurance	20%
No claim made during the preceding 2 consecutive years of Shriram Two-Wheeler Insurance	25%
No claim was made during the preceding 3 consecutive years of Shriram Two-Wheeler Insurance	35%
No claim made during the preceding 4 consecutive years of Shriram Two-Wheeler Insurance	45%
No claim made during the preceding 5 consecutive years of Shriram Two-Wheeler Insurance	50%

Frequently Asked Questions

What is a No Claim Bonus (NCB) in Two-Wheeler Insurance?

NCB is offered by insurance companies to policy holders for not making any claims in the previous policy period. The NCB percentage can range from 20% to 50% of the own damage premium

Can I transfer my No Claim Bonus (NCB) to a new insurance policy or a new vehicle?

Yes, you can transfer your No Claim Bonus (NCB) to a new insurance policy or a new vehicle, provided that you have not made any claims during the previous policy period
One can transfer your NCB by obtaining a No Claim Bonus certificate from the previous insurance company and submitting it to the new insurance company

What happens to my No Claim Bonus (NCB) if I make a claim during the policy period?

If a policy holder makes a claim during the policy period, the No Claim Bonus (NCB) will be reset to zero for the next policy period

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Blogs

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Posted on 2025-07-03 12:15:14

Car accessories play a major role in protecting various parts of your vehicle from regular wear and tear. They also provide comfort during your drives and one such essential car accessory is the steering wheel cover. The steering wheel is the one part of your car that your hands are constantly in contact with while driving. Choosing the right cover can make a significant difference. This blog will help you select the right accessory for your car's steering wheel.

Top 10 Car Camping Essentials for Indian Travellers

Posted on 2025-07-02 08:53:50

Car camping blends the thrill of the great outdoors with the comfort of your vehicle. Whether you're heading to the Western Ghats, the Nilgiris or somewhere off the map in Rajasthan, knowing what to pack makes all the difference. This blog highlights the top car camping essentials to ensure a comfortable, safe and unforgettable adventure across India.

How to Evaluate an Insurer's Claim Settlement Ratio Before Purchasing?

Posted on 2025-07-01 12:24:01

When buying Car Insurance, understanding the insurer's insurance claims settlement ratio is critical. This metric indicates the likelihood of an insurer settling claims promptly and fairly. But how do you make sense of it, and why exactly does it matter? This article will help you evaluate this essential ratio, enabling you to make an informed decision.

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Quick renewal

IRDAI Consumer Education:- Insurance is the subject matter of solicitation. IRDAI Registration Number - 137. CIN No. U66010RJ2006PLC029979. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

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180030030000 18001033009

For Hassle free rides, Stay protected with Shriram Bike Insurance

What is a No Claim Bonus (NCB) in Two Wheeler Insurance

Importance of No Claim Bonus

Frequently Asked Questions

What is a No Claim Bonus (NCB) in Two-Wheeler Insurance?

Can I transfer my No Claim Bonus (NCB) to a new insurance policy or a new vehicle?

What happens to my No Claim Bonus (NCB) if I make a claim during the policy period?