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| Definition | : | No-Claim Bonus |
| Category | : | Business » Business Terms |
| Country/ Region |
: | Worldwide
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| Popularity | : |
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| Type | : |
Initialism
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No-Claim Bonus (NCB) is a discount in premium offered by the insurance company to a policyholder for not making any claims during the policy term.
NCB discount ranges from 20% to 50% and is given to the insured while renewing a policy if there has been no claim during the past year(s). The discount is usually appliable to the Own Damage (OD) component of the comprehensive car insurance policy.
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Narcotics Control Bureau
Departments & Agencies
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National Commercial Bank
Banking
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National Central Bank
Banking
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National Central Bureau
Governmental Organizations
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New Cooch Behar
Railway Station Codes
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National Cooperative Bank
Banking
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National Coal Board
Firms & Organizations
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National Codification Bureau
Governmental Organizations
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Naval Construction Battalion
Military
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National Cargo Bureau
Regional Organizations
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National Children's Bureau
Regional Organizations
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Nanyang Commercial Bank
Banking
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Nordisk Copyright Bureau
Regional Organizations
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The full form of NCB is No-Claim Bonus
National Commercial Bank | National Central Bank | No-Claim Bonus | National Cooperative Bank | Nanyang Commercial Bank
National Central Bureau | No-Claim Bonus | National Codification Bureau