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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
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Importance of No Claim Bonus

  • 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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Mr. Khalil, your Executive was very coperative. the overall experience was very good. Thank you.

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Blogs

Role of AI in Claim Approvals and Fraud Detection

Role of AI in Claim Approvals and Fraud Detection

Posted on 2026-01-13 10:36:54

Every policyholder wants faster claim approvals, but traditional setups often take days or even weeks to process and make claim-related decisions. Thankfully, it is changing with AI claims processing. AI is helping insurers review claims and assess the submitted details to make faster decisions. It also helps insurers find the authenticity of filed claims. AI evaluates the policyholder’s past records and identifies unusual patterns that human reviewers might have missed. Surprisingly, AI in insurance claims benefits both insurers and genuine policyholders. This blog shares a deep dive into AI’s role in insurance claims and AI fraud detection, so read until the end.

Eco-Friendly and Sustainable Materials in Car Accessories

Eco-Friendly and Sustainable Materials in Car Accessories

Posted on 2026-01-12 11:00:30

The thought of contributing to environmental challenges disturbs every car owner who cares for the planet. It’s one of the key reasons many individuals now prefer investing in eco-friendly car accessories. In fact, two-thirds of consumers are now sustainability-minded drivers who would prefer car accessories made of eco-friendly materials over synthetic ones. If you own a car and want to lower or offset your carbon footprint and improve your health by limiting synthetic materials, consider investing in accessories made from sustainable materials. In this blog, we’re listing popular materials, associated car accessories, and more, so you know what to look for during purchase.

Portable Car Vacuum Cleaners and Tyre Inflators for India

Portable Car Vacuum Cleaners and Tyre Inflators for India

Posted on 2026-01-09 10:00:40

Going on leisure road trips can be the most joyful experience, but it can soon become dreadful if the cabin gets filled with snack crumbles or the tyre falls flat due to a pothole. It is during situations like these that car cleaning accessories and car tyre inflators can save you. You can use the cleaner to remove any leftover crumbles, dust, pet hair, etc., from your cabin, keeping the interior clean and the cabin air breathable. A portable car air pump can be used to fix flat tyres, so you don’t have to wait for help in the middle of a road or highway. Together, these accessories ensure cleanliness and safety, making for pleasant car rides. This blog will help you discover the relevance of these accessories.

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