Question

Which of the following is the benefit accrued to an insured for not making any claims during the previous policy period?

A No Accident Bonus Correct Answer Incorrect Answer
B No Premium Bonus Correct Answer Incorrect Answer
C No Claim Bonus Correct Answer Incorrect Answer
D No Damage Bonus Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

No Claim Bonus (NCB) is the benefit accrued to an insured for not making any claims during the previous policy period. 

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