NCB
| Definition | : | No-Claim Bonus |
| Category | : | Business » Business Terms |
| Country/Region | : | Worldwide  |
| Popularity | : |
|
| Type | : |
Initialism
|
What does NCB mean?
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.
13 more results for NCB
Frequently Asked Questions
What is the full form of NCB in Car Insurance?
The full form of NCB is No-Claim Bonus
What are the full forms of NCB in Business?
National Commercial Bank | National Central Bank | No-Claim Bonus | National Cooperative Bank | Nanyang Commercial Bank
What are the full forms of NCB in Worldwide?
National Central Bureau | No-Claim Bonus | National Codification Bureau
Translation
Translate No-Claim Bonus into other languages