No Claim Bonus for Two Wheeler Insurance in India
No Claim Bonus or NCB is a reward or discount offered by the motor insurance company to the policyholder in case no claims have been made by them during their plan duration. A policyholder can avail up to 50% discount towards their two-wheeler insurance premium amount in case they do not raise any claim. However, even if a single claim is made in between the plan duration or if the bike insurance plan lapses, then this discount becomes null.
- Save upto 75%*Lowest Bike Premiums
- 45 Lakh+Happy Customers
- Claim Support7 days a week
*TP price for less than 150cc two-wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply
Calculate Your Bike Insurance Premium Online
Select your Two wheeler brand
Which city is your Two wheeler registered in?
When did you buy your Two wheeler?
A No Claim Bonus (NCB) is a discount offered as a reward by the two wheeler insurance company to the policyholder on the own-damage premium amount of the two wheeler 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.
How No Claim Bonus is Calculated in Two Wheeler Insurance?
The NCB Percentage is set by IRDAI.
Number of Claim-Free Years
NCB % Offered on Premium
On 1st time claim-free renewal
On 2nd time claim-free renewal
On 3rd time claim-free renewal
On 4th time claim-free renewal
On 5th time claim-free renewal
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:
- Retain NCB: The policyholder can retain the No claim bonus on their bike but not raise claim during their plan term.
- 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.
- 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 bike insurance policy renewal.
- 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:
- New riders
- Bike owners who wish to save the reward for not making many claims.
How to Claim No Claim Bonus or NCB?
During the two-wheeler insurance policy renewal, you can earn the No Claim Bonus or NCB earned on the old insurance plan. For this you are required to take into account total claim free years in your insurance policy and then apply the NCB rate in order to claim a discount on premium paid towards the two-wheeler insurance policy. Also, ensure that your respective insurance company has included NCB discount in the two-wheeler insurance quote offered to you.
When Can a No Claim Bonus get Terminated/Cancelled/Not Available?
The accumulated No Claim Bonus can get nullified by making even a single claim during the policy tenure. The reason which can result in termination of No Claim Bonus are as follows:
- In case a claim has been made by a policyholder during the policy tenure, then they will not be eligible to avail any discount on premium paid towards the policy during the insurance plan renewal.
- In case, the policyholder fails to get their two-wheeler insurance plan renewed on time before the insurance policy lapses.
- The No Claim Bonus or NCB cannot be availed with a third-party liability plan as it is eligible only with a comprehensive two-wheeler insurance plan.
Bike Insurance for Popular Bike Models
- *Premium Starting from ₹1,075
- *Premium Starting from ₹1,045
- *Premium Starting from ₹1,076
- *Premium Starting from ₹1,110
- *Premium Starting from ₹2,070
- *Premium Starting from ₹1,716
- *Premium Starting from ₹26,566
- *Premium Starting from ₹1,813
- *Premium Starting from ₹1,883
- *Premium Starting from ₹1,039
- *Premium Starting from ₹1,102
- *Premium Starting from ₹1,066
- *Premium Starting from ₹1,030
- *Premium Starting from ₹1,067
Bike Insurance Add on Covers
- Bajaj Allianz
- Future Generali
- Hdfc Ergo
- Icici Lombard
- Iffco Tokio
- New India
- Raheja Qbe
- Royal Sundaram
- Tata Aig
- United India
- Universal Sompo
Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
Bike Insurance By Popular Bike Manufacturers
Find Right Bike Insurance Quotes by Bikes Body Type
Hero Splendor Plus Insurance PriceView Hero Splendor Plus Insurance Price
Honda SP 125 Insurance PriceView Honda SP 125 Insurance Price
Bajaj Pulsar 125 Insurance PriceView Bajaj Pulsar 125 Insurance Price
Bajaj Pulsar 150 Insurance PriceView Bajaj Pulsar 150 Insurance Price
Honda Shine Insurance PriceView Honda Shine Insurance Price
Hero HF Deluxe Insurance PriceView Hero HF Deluxe Insurance Price
Hero Super Splendor Insurance PriceView Hero Super Splendor Insurance Price
Honda Shine 100 Insurance PriceView Honda Shine 100 Insurance Price
Honda Activa 6G Insurance PriceView Honda Activa 6G Insurance Price
TVS NTORQ 125 Insurance PriceView TVS NTORQ 125 Insurance Price
Honda Dio Insurance PriceView Honda Dio Insurance Price
TVS Jupiter Insurance PriceView TVS Jupiter Insurance Price
Simple One Insurance PriceView Simple One Insurance Price
Suzuki Access 125 Insurance PriceView Suzuki Access 125 Insurance Price
Ather 450X Insurance PriceView Ather 450X Insurance Price
TVS iQube Electric Insurance PriceView TVS iQube Electric Insurance Price
Yamaha MT 15 V2 Insurance PriceView Yamaha MT 15 V2 Insurance Price
Yamaha R15 V4 Insurance PriceView Yamaha R15 V4 Insurance Price
TVS Raider Insurance PriceView TVS Raider Insurance Price
Bajaj Pulsar NS200 Insurance PriceView Bajaj Pulsar NS200 Insurance Price
TVS Apache RTR 160 Insurance PriceView TVS Apache RTR 160 Insurance Price
Kawasaki Ninja ZX-10R Insurance PriceView Kawasaki Ninja ZX-10R Insurance Price
Yamaha R15S Insurance PriceView Yamaha R15S Insurance Price
Bajaj Pulsar N160 Insurance PriceView Bajaj Pulsar N160 Insurance Price
Royal Enfield Hunter 350 Insurance PriceView Royal Enfield Hunter 350 Insurance Price
Royal Enfield Classic 350 Insurance PriceView Royal Enfield Classic 350 Insurance Price
Royal Enfield Bullet 350 Insurance PriceView Royal Enfield Bullet 350 Insurance Price
TVS Ronin Insurance PriceView TVS Ronin Insurance Price
Royal Enfield Meteor 350 Insurance PriceView Royal Enfield Meteor 350 Insurance Price
Royal Enfield Super Meteor 650 Insurance PriceView Royal Enfield Super Meteor 650 Insurance Price
Honda H'ness CB350 Insurance PriceView Honda H'ness CB350 Insurance Price
Benelli Leoncino 800 Insurance PriceView Benelli Leoncino 800 Insurance Price
Explore Two Wheeler Insurance
Two Wheeler Insurance Add-ons
Bike Insurance Companies Reviews & Ratings
With the help of this amazing premium calculator tool, I was able to know the right premium cost for my Reli...Read More
InsuarnceDekho has excellent customer care. My Reliance Bike Insurance Policy was about to expire and I got ...Read More
I am a biker and very often go on road trips. I always use to worry about good garages in other cities. But ...Read More
Earlier, I was a little apprehensive when I needed to file a claim against my Reliance Bike Insurance Policy...Read More
I am so glad that I opted for zero depreciation for my bike policy. After much reading, I bought the Relianc...Read More
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.
Bike Insurance News
Process to Register New Bike
Read on to understand the process to get a bike registered.07 April 2023
Amma Two Wheeler Insurance Scheme
Read on to know all about the Amma Two Wheeler Insurance Sch...03 April 2023
Vintage Bike Insurance in India: All You Need to K...
Learn about the meaning, importance, and how to purchase vi...31 March 2023
Traffic Rules to Follow in Bangalore
Find out about the traffic rules and fines in Bangalore.22 March 2023
All You Need To Know About Off-Road Biking
Find out the meaning and factors that you should keep in min...13 March 2023