Question

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

Q: Answer-What is the purpose of a 'No Claim Bonus' in motor insurance?

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.

A To penalize drivers with a history of accidents.

B To reward drivers with a good driving record

C To increase premiums for all drivers

D To discourage the use of private vehicles

E None of the above

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

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