The NCB will be offered as per your eligibility on renewal.
Three Year Policy:
For a New vehicle, the NCB will normally begin at 0% and will remain so for the duration of the policy. If there is no accident during the currency of the policy, we will offer 35% NCB on renewal of the policy for the next slab of 3 years. You will be given a choice to opt for either a 2 year or 3 year policy at the time of renewal. If one claim is reported during any of the three years, the NCB on next renewal will drop by one slab to 25%. If 2 claims are reported during the current term of the policy, You will not be eligible for any NCB on renewal.
Two Year Policy:
For a New vehicle, the NCB will begin at 0% and will remain so for the duration of the policy. If there is no accident during the currency of the policy, we will offer 25% NCB on renewal of the policy for the next slab of 2 years. You will be given a choice to opt for either a 2 year or 3 year policy at the time of renewal. If one claim is reported during any of the two years, the NCB on next renewal will drop by one slab to 20%. If 2 claims are reported during the current term of the policy, You will not be eligible for any NCB on renewal. The same logic will follow for old vehicles for various slabs of eligible NCB at the time of taking the policy. If You are eligible for NCB, You will be offered that NCB for the period of three years. On renewal, the next slab of NCB (as provided in the Policy Wordings) will be offered. An illustration of NCB applicability at renewal for various scenarios is given below:
| Expiring Policy Tenure - 2 Years |
Expiring Policy Tenure - 3 Years |
| NCB at inception |
No of OD Claims |
NCB eligibility on renewal |
NCB at inception |
No of OD Claims |
NCB eligibility on renewal |
| 0% |
0 |
25% |
0% |
0 |
35% |
| 0% |
1 |
20% |
0% |
1 |
25% |
| 0% |
2 or more |
0% |
0% |
2 or more |
0% |
| 20% |
0 |
35% |
20% |
0 |
45% |
| 20% |
1 |
25% |
20% |
1 |
35% |
| 20% |
2 or more |
0% |
20% |
2 or more |
0% |
| 25% |
0 |
45% |
25% |
0 |
50% |
| 25% |
1 |
35% |
25% |
1 |
45% |
| 25% |
2 or more |
0% |
25% |
2 or more |
0% |
| 35% |
0 |
50% |
35% |
0 |
50% |
| 35% |
1 |
45% |
35% |
1 |
45% |
| 35% |
2 or more |
0% |
35% |
2 or more |
0% |
| 45% |
0 |
50% |
45% |
0 |
50% |
| 45% |
1 |
45% |
45% |
1 |
45% |
| 45% |
2 or more |
0% |
45% |
2 or more |
0% |
| 50% |
0 |
50% |
50% |
0 |
50% |
| 50% |
1 |
45% |
50% |
1 |
45% |
| 50% |
2 or more |
0% |
50% |
2 or more |
0% |
