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Benefit of No-Claim Bonus (NCB) in Bike Insurance Renewals

Updated On Sep 01, 2023

Benefit of No-Claim Bonus (NCB) in Bike Insurance Renewals

When it comes to safeguarding your two-wheeled companion, bike insurance is an essential investment. One aspect of bike insurance that stands out as a reward for responsible riding is the No-Claim Bonus (NCB). NCB is a unique feature that can significantly impact the cost and coverage of your bike insurance renewals. In this blog, we'll explore the benefits of NCB and why it's a smart move to maintain a claim-free record.

What is a No-Claim Bonus (NCB)?

No-Claim Bonus (NCB) is a reward given by insurance companies to policyholders who do not make any claims during their policy term. It's a kind of acknowledgement for safe and responsible riding. The NCB percentage increases with each claim-free year and can lead to substantial discounts on your insurance premium during renewal.

Benefit of No-Claim Bonus (NCB) in Bike Insurance Renewals

Benefits of No-Claim Bonus (NCB) in Bike Insurance Renewals

  1. Cost Savings: The most immediate benefit of NCB is the reduction in your insurance premium. The discount percentage varies across insurers but can be substantial – usually starting at 20% and going up to 50% over consecutive claim-free years. This results in significant savings over time, making responsible riding financially rewarding.
  2. Accumulative Benefit: NCB accumulates over the years. As long as you don't make any claims, the discount continues to increase. This accumulation can lead to substantial savings in the long run, making it a valuable incentive for maintaining a claim-free record.
  3. Transferability: The NCB can be transferred when switching insurance companies or upgrading to a new bike. This means that even if you change your insurer, your accumulated NCB can still be used to avail discounts on the premium for your new policy.
  4. Protection Against Minor Repairs: Sometimes, the cost of minor damages might be close to or even less than your NCB discount. In such cases, it's financially wiser to bear these costs out of pocket rather than making a claim, as it preserves your NCB and prevents your premium from increasing due to a claim.
  5. Encouragement for Safe Riding: NCB acts as an incentive for responsible riding. By promoting careful and defensive driving it contributes to overall road safety. Riders are motivated to avoid accidents and ride cautiously, ultimately benefiting not only themselves but also the community at large.
  6. Long-Term Relationship: NCB encourages long-term associations between insurers and policyholders. As the NCB increases, riders are less likely to switch insurance providers, fostering loyalty and trust between both parties.
  7. NCB Protector Add-On: Some insurance companies offer an NCB Protector as an add-on feature. This add-on allows policyholders to make certain claims without affecting their accumulated NCB. This can be extremely valuable, especially in cases where a minor accident or damage occurs. The NCB Protector ensures that even if a claim is made, the NCB remains intact, maintaining the discount on the premium.
  8. Cost-Efficient in the Long Run: Over time, the cumulative effect of NCB can result in substantial savings. For instance, if you maintain a claim-free record for five consecutive years and your NCB reaches 50%, you could save half of the insurance premium you would have paid without the NCB. This cost-efficient advantage is a testament to the value of responsible riding habits.
  9. NCB Transfer Between Vehicles: If you decide to sell your old bike and purchase a new one, you can transfer your accumulated NCB to the new vehicle. This not only encourages you to continue with safe riding practices but also allows you to enjoy lower premiums on your new bike from the outset.
  10. Reward for Preventive Maintenance: Regular maintenance and upkeep of your bike can significantly reduce the chances of accidents due to mechanical failures. NCB serves as a reward for maintaining your bike in good condition, as a well-maintained bike is less likely to cause accidents.
  11. Encouragement for Self-Reliance: NCB can also motivate riders to take care of minor damages themselves instead of claiming insurance for them. This not only preserves the NCB but also fosters a sense of responsibility and self-reliance, encouraging bike owners to handle smaller repairs without involving the insurance company.
  12. Higher NCB for Long-Term Policies: Some insurers offer the option of long-term policies, where you can lock in the premium for multiple years. These policies often come with a higher NCB percentage right from the start, offering a significant advantage in terms of cost savings compared to annual policies.
  13. NCB in Case of Third-Party Claims: NCB benefits can extend to cases where you make a claim against a third party for damages caused by them. Since you're not at fault, making such a claim typically doesn't affect your NCB. This ensures that your NCB remains intact even when you're in an unfortunate situation where you're not responsible for the damages.


No-Claim Bonus (NCB) in bike insurance renewals is a powerful tool that rewards riders for their cautious and responsible behaviour on the road. It not only provides substantial cost savings but also encourages safe riding practices and long-term relationships between policyholders and insurers. By keeping a clean claims record, you can unlock the benefits of NCB and enjoy a more affordable and secure riding experience. Remember, your NCB is a reflection of your commitment to safety and responsibility, and it's an asset worth preserving.


 1: What happens to my No-Claim Bonus (NCB) if I make a claim?

Answer: If you make a claim during your policy term, your NCB will be reset to zero in most cases. This means you'll lose the accumulated discount. However, some insurance companies offer an NCB Protector add-on that allows you to make a certain number of claims without affecting your NCB.

 2: Can I transfer my No-Claim Bonus to a new bike or insurer?

Answer: Yes, you can transfer your accumulated NCB when you switch to a new bike or insurer. This transferability makes it convenient to continue benefiting from your claim-free history even if you change your vehicle or insurance provider.

 3: How is the No-Claim Bonus percentage calculated?

Answer: The NCB percentage increases with each consecutive claim-free year. It usually starts at 20% and can go up to 50% or more, depending on the insurance company. The calculation is based on the base premium amount, and the discount applies to that amount.

 4: Can I retain my No-Claim Bonus if I change my insurance company?

Answer: Yes, you can retain your NCB even if you switch to a different insurance company. You'll need to provide proof of your NCB from your previous insurer, and the new insurer will apply the corresponding discount to your premium.

 5: What if I make a claim for a third-party accident? Will it affect my No-Claim Bonus?

Answer: Generally, making a claim for a third-party accident where you're not at fault should not affect your NCB. Your NCB remains intact in such cases. It's essential to clarify this with your insurer, as policies might vary.

 6: Is the No-Claim Bonus applicable only for comprehensive bike insurance?

Answer: No, NCB is not limited to comprehensive insurance. It's also applicable to standalone Own Damage (OD) policies. In these cases, you can avail discounts on the premium for the Own Damage component of your policy based on your accumulated NCB.

Also Read: 

How to Avail A Claim Through Your IFFCO Tokio Bike Insurance Policy


This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
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