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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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Blogs

Enhance Driving Experiences with AI Dash Cams

AI-Powered Smart Dash Cams with Behaviour Analysis

Posted on 2025-12-19 11:55:16

India reported nearly 1,68,491 road accident-related deaths in 2022 alone because of the driver’s fault. This figure is a result of speeding, drunken driving, driving on the wrong side, jumping red lights, using a mobile phone while driving, and other reasons. These deaths could have been avoided had the drivers been attentive while driving. This is why more fleet companies and regular car owners are turning to AI dash cams. Unlike traditional dash cameras, these advanced car accessories monitor both the road ahead and the driver’s actions inside the cabin. They use machine learning and computer vision to monitor and analyse the driver’s behaviour. It helps the system detect risky actions, enabling real-time alerts to prevent road accidents. If you’re curious to learn how smart dash cameras help drivers become more attentive and careful to prevent road accidents, then you must read the full blog.

Top Cars for Tall Drivers in Hatchback, Sedan, and SUV Range

Best Cars for Taller People in Hatchback, Sedan, and SUV in India

Posted on 2025-12-18 05:40:24

Tall people cannot simply choose a car for themselves based on its key features and aesthetic highlights. They need to assess a crucial aspect -whether they can sit inside comfortably and drive without any inconvenience. For this, the car must have ample headroom, legroom, and adjustable seating. If any of these aspects are missing, they may struggle to keep their neck and head upright, feel cramped when applying brakes, and so on. Not only will it make the experience inconvenient, but it will also make driving unsafe. Hence, we’ve shared a list of the best cars for tall people in India, categorised into hatchbacks, sedans, and SUVs, to facilitate easy decision-making.

Car Insurance for Self-Driving Cars: Challenges and Opportunities

Car Insurance for Self-Driving Cars: Challenges and Opportunities

Posted on 2025-12-17 05:59:57

If you’re driving a semi-automated car and encounter a road accident, will you be held liable to pay compensation, or will the liabilities fall on the car’s manufacturer or software developer? It’s a question many car enthusiasts are asking these days, especially those interested in buying a self-driving car in the future. Since self-driving cars rely on software, sensors, and other advanced tech integrations for smooth driving, the insurance liability is shifted from the driver to those responsible for the product and technology. If you’re curious about the insurance aspect of autonomous vehicles, then you must read this blog. We have covered the key challenges and opportunities associated with self-driving car insurance to give you an idea of how insurance will adapt to these futuristic vehicles.

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