Claim vehicle insurance or pay out-of-pocket? How to decide and save on your no-claim bonus

Claim vehicle insurance or pay out-of-pocket? How to decide and save on your no-claim bonus

Filing a claim may result in the loss of your accumulated NCB at the next renewal. In that case, paying Rs 5,000 out of pocket could be a better financial decision than risking a discount worth Rs 10,500.

What is a no-claims bonus and how does it work?

We explain how a No Claims Bonus reduces your car insurance costs, how it is calculated, and how you keep this bonus when you change insurers.