Answer-The 'No Claim Bonus' can be lost if:

The No-Claim Bonus NCB can be lost or reduced if The insured makes a claim during the policy period. The insured renews the policy with a different insurer. The insured changes the vehicle.

Question

The 'No Claim Bonus' can be lost if:

A The insured makes a claim during the policy period

B The insured renews the policy with a different insurer

C The insured changes the vehicle

D All of the above

E None of the above

Practice Next

More Insurance Awareness Questions

In 1818, India’s first insurance company Oriental Life Insurance Company was established in which city?
The 'Insured Declared Value' (IDV) of a vehicle refers to its:
Which of these changes would typically require an endorsement?
UIIC was nationalized in which year?
How many maximum children from a family are covered for the benefits under the ShikshaSahyogYojana launched by the LIC ?
Which of the following committees recommended the introduction of the Rural Postal Life Insurance?
A retrocessionaire is:
The Private equity investors shall not hold more than _________ percent of the paid up equity share capital of the Indian insurance company.
What is the purpose of "File and Use" regulations?
Which among these factors are considered by the insurance companies to calculate the premium of car insurance policies?

Hey! Ask a query

The 'No Claim Bonus' can be lost if:

Detailed Solution

More Insurance Awareness Questions

Hey! Ask a query

Please Register/Login