NCB is one of the most important things to keep in mind when we take out insurance for our vehicle. Let’s see what happens if we take this NCB wrong. When ask the insurance company for compensation for a vehicle accident, most insurance companies will try to justify this and reject your compensation.
First, let’s see who gets this NCB and who doesn’t
- If the vehicle is in someone's name for 365 days without compensation, he or she will be eligible for NCB.
Who does not get NCB
- NCB is not eligible for the new vehicle
- NCB will not be available if you claim the old policy
- If a person buys a vehicle and changes his name in the policy, he will not get NCB
- The NCB will not be available if you take out third-party insurance last year and are insured with the vehicle this year.
- If the policy is renewed 90 days after the end of the old policy, he will not be issued NCB.
Below is a list of NCB percentage that varies by vehicle age, so choose the right one and take NCB for your vehicle
NCB SLAB
Online policyholders make more of this mistake. So they should check the list given above and take the right NCB. If you do not do this properly. claim for your vehicle is likely to be rejected.
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