NCB
| Definition | : | No-Claim Bonus |
| Category | : | Business » Business Terms |
| Country/Region | : | Worldwide  |
| Popularity | : |
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| Type | : |
Initialism
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What does NCB mean?
No-Claim Bonus (NCB) is a discount in premium offered by the insurance company to a policyholder for not making any claims during the policy term.
NCB discount ranges from 20% to 50% and is given to the insured while renewing a policy if there has been no claim during the past year(s). The discount is usually appliable to the Own Damage (OD) component of the comprehensive car insurance policy.
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Frequently Asked Questions (FAQ)
What is the full form of NCB in Car Insurance?
The full form of NCB is No-Claim Bonus
What are the full forms of NCB in Business?
National Commercial Bank | National Central Bank | No-Claim Bonus | National Cooperative Bank | Nanyang Commercial Bank
What are the full forms of NCB in Worldwide?
National Central Bureau | No-Claim Bonus | National Codification Bureau
Translation
Find translations of No-Claim Bonus