No Claim Bonus (NCB) in Two Wheeler Insurance

No Claim Bonus Protect Cover Add-on in Two Wheeler Insurance Policy

A No Claim Bonus (NCB) is a discount offered as a reward by the insurance company to the policyholder on the own-damage premium amount of the bike insurance policy. This reward is offered for not making a claim during the entire tenure of the bike insurance policy. The NCB discount percentage ranges between 20%-50% depending on the number of claim-free years. The NCB discount is available at the time of policy renewal.

Number of Claim-Free Years

NCB Offered on Own-Damage Premium











(NCB Percentage is set by IRDAI)

NCB is available only if the policyholder has not made even a single claim during the entire policy period. Thus, if a policyholder makes even one claim, he/she is not entitled to the NCB. However, by opting for a bike insurance add-on cover known as the NCB Protect, a policyholder can keep his/her NCB safe and intact even after making a claim during the tenure of the policy.

Benefits of No Claim Bonus in Bike Insurance

The benefits of No claim bonus in bike insurance is mentioned below:

  1. Retain NCB: The policyholder can retain the No claim bonus on their bike but not raise claim during their plan term.
  2. Transferable: The NCB can be transferred to a different insurer in case if the policyholder does not file for any claim as it belongs solely to them. The benefits of No claim bonus can be availed of at the time of renewal of the two wheeler insurance plan.
  3. Reduces Premium: If there is no claim raised by the policyholder during the entire insurance plan tenure, the collected NCB can be used as a discount at the time of payment of premium for policy renewal.
  4. Offers Reward: NCB can be used for giving rewards to the insurer for safely driving and filing a claim during the policy tenure. It is given in the form of a discount to encourage the policyholder to drive their bike safely on the road.

Who Should Get A No Claim Bonus Protect Cover?

Ideally, all bike owners should opt for the NCB Protection cover, however, it is more recommended for the following:

  1. New riders
  2. Bike owners who wish to save the reward for not making many claims.

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NCB in Two Wheeler Insurance FAQ

  • When can I opt for the NCB Protect cover?

    The NCB Protect cover can be opted for either at the time of policy purchase or policy renewal. Also, there are some insurance companies which allow addition of add-on covers in between the policy period.

  • Is the NCB Cover add-on available with a third party bike insurance plan?

    No. Like all other bike insurance add-ons, the NCB Protect cover is also available with only comprehensive and standalone own-damage bike insurance plans and not with a third party bike insurance plan.

  • How many claims are allowed with the NCB Protect cover?

    The number of claims allowed with the NCB Protect cover vary from insurance company to insurance company. However, generally up to 2 claims are allowed with the NCB Protect cover.

  • Can I add other add-ons also along with the NCB Protect cover to my bike insurance plan?

    Yes, you can add as many add-ons as you wish with the NCB Protect Cover to your standard comprehensive/standalone own-damage bike insurance policy.

  • When am I entitled to receive the NCB on the own-damage premium of my bike insurance policy?

    The NCB on the own-damage premium of your bike insurance policy is available to you at the time of policy renewal.

  • What are the documents required for transferring No claim bonus?

    Although, the set of documents can be altered as per the different insurers. However, the following documents are needed for transfer of NCB existing insurance to new two wheeler insurance: Seller/Buyer Agreement (Form 30 and Form 29), Transfer Certificate of NCB, Copy of Delivery Note (if selling an old bike), Booking Receipt Copy (If purchasing a new two wheeler), Bike Insurance Photocopy
  • How can I calculate No Claim Bonus for Bike Insurance?

    The No claim bonus calculation is done on the basis of the claim free years. To simplify, the discount percentage is subject to the number of claim free years.
  • What situations can lead to termination of NCB?

    Under the below circumstances NCB can get terminated: 1. The insurance plan renewal should be done within the 90 days of policy expiry date, failing to which the No Claim Bonus can get terminated. 2. If at the time of policy tenure, a claim has been filed by the policyholder, it leads to termination of NCB as the benefits of the bonus cannot be availed now.
  • Can NCB be transferred at the time of purchasing a new two-wheeler?

    The NCB is transferable from your old two wheeler to new one, if you decide to purchase a new vehicle provided you remain the policyholder. No claim bonus is for the policyholder and not for the two wheeler.
  • Is it possible to use NCB for multiple two wheelers?

    NO, NCB is offered for just a single insured bike. The benefits for one policy cannot be used for another policy.

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#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.