Question

As per current norms in India, what is the maximum limit of No Claim Bonus (NCB) in percentage?

A 20% Correct Answer Incorrect Answer
B 30% Correct Answer Incorrect Answer
C 40% Correct Answer Incorrect Answer
D 50% Correct Answer Incorrect Answer
E 60% Correct Answer Incorrect Answer

Solution

As per current norms in India, it ranges from 20% on the Own Damage premium (and not on Liability premium) and progressively increases to a maximum of 50%.

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