📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What is the purpose of a "No Claim Bonus" in motor

    insurance?
    A To penalize drivers with a history of accidents. Correct Answer Incorrect Answer
    B To reward drivers with a good driving record Correct Answer Incorrect Answer
    C To increase premiums for all drivers Correct Answer Incorrect Answer
    D To discourage the use of private vehicles Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The correct answer is B. To reward drivers with a good driving record. No Claim Bonus is a discount offered by insurers to policyholders who have not made any claims during the policy period.

    Practice Next
    More Insurance Awareness Questions
    ask-question