Insurance
No-claim bonus (NCB)
A reward for not making claims, boosting your cover or cutting your premium each claim-free year.
In health insurance, NCB usually increases your sum insured for free each year you make no claim.
In vehicle insurance, it instead gives you a discount on the renewal premium.
It rewards staying healthy or claim-free, and can significantly grow your cover over several years at no extra cost.
For example
A ₹5L health policy with NCB might grow to ₹7.5L over a few claim-free years, without you paying more premium.