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Overview
Features And Benefits
Third-Party Two-Wheeler Insurance
Comprehensive Two-Wheeler Insurance
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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
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Terminologies
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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