NCB Protection for Your Bike Insurance
A No Claim Bonus is a benefit you earn for maintaining a claim-free bike insurance policy. It helps lower your renewal premium over time. However, making a claim can affect this bonus at renewal. NCB Protection is an add-on that allows you to retain your accumulated No Claim Bonus even after raising a claim, helping keep your future premiums more stable.
Key Features of NCB Protection Cover
Following are the salient features of NCB protection add-on cover in two-wheeler insurance:
Check some important tips to save bike premium costs:
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Your No Claim Bonus stays safe even after a claim
Normally, making even one claim can wipe out your entire No Claim Bonus. With NCB Protection Cover, your accumulated NCB remains unchanged, even if you raise a claim during the policy year. -
You can make a claim without losing your NCB
With this add-on, making a claim does not automatically cancel your No Claim Bonus. Most insurers allow one or two claims in a year while keeping your NCB intact. -
Works for common real-life claim situations
NCB Protection usually applies to claims related to accidents, partial damage, total loss and theft. This means your NCB remains protected in most situations where riders actually need to raise a claim. -
You pay a little extra, save more later
This add-on costs a bit more than your regular premium, but it helps you avoid higher premiums in future renewals. -
Can be added while buying or renewing the policy
You can opt for NCB Protection Cover when purchasing a new two wheeler insurance policy or during renewal. Insurers usually offer it only if you already have an existing No Claim Bonus. -
Gives you flexibility to claim when it really matters
With NCB Protection in place, you do not have to avoid filing a claim just to save your bonus. You can claim for major repairs while keeping your NCB intact for the next year. -
Helps maintain lower premiums over the long term
By protecting your NCB year after year, this add-on helps keep your insurance premiums lower in the long run, especially if you already have a high NCB percentage.
Cost of a No Claim Bonus (NCB) Protection Cover
NCB Protection Cover is not a separate policy. It is an add-on that can be taken only along with a comprehensive or standalone own-damage bike insurance policy. This means it gets added to your existing premium, not bought on its own.
In terms of cost, NCB Protection usually increases your premium by around 5% to 10%. The final amount differs from one insurer to another and also depends on your bike and existing NCB.
What matters more than the percentage is what this extra cost is protecting. If you have built up a high NCB over the years, one claim can wipe out a sizeable discount at renewal. NCB Protection helps avoid that sudden jump in premium.
To put it simply, here’s how the cost plays out for most riders:
- You pay a small extra amount along with your regular premium.
- higher your NCB, the more value this add-on usually offers.
- The cost is often recovered in the very next renewal if your NCB remains unchanged.
- It makes more sense for riders with a clean claim history than for new policyholders.
How Does NCB Protection Work?
Let's find out how NCB protection cover works with the help of an example:
Mr. Kartik bought a comprehensive bike insurance policy along with an NCB protection add-on cover. His first-year premium was ₹2,000. Since he didn't file a claim, the second-year premium dropped to ₹1800. Unfortunately, he had an accident in the second year and filed a claim. Thanks to the NCB protection, his third-year premium still dropped to ₹1600, and the accumulated bonus remained intact.
Who Should for an NCB Protection Cover?
All motorbike owners who wish to protect their driving history and be eligible for premium discounts should go for NCB protector cover.
Additionally, this bike insurance add-on cover is ideal for:
- New bike owners and existing policyholders.
- Riders of expensive or superbikes with higher repair costs.
- Individuals living in accident-prone areas.
- Those looking to maintain a low premium without losing NCB benefits.
Geographical Limit: Any two-wheeler registered in India can avail of this add-on cover.
Pricing: Based on the make and current Insured Declared Value (IDV) of the two-wheeler.
Termination of NCB Protection Cover
An NCB protection cover can be terminated by the insurer if-
In case you have any related to NCB in your bike insurance you can also connect with our customer care at 1800-208-8787.
FAQs for NCB Protection Cover
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Q.1 Is NCB protection cover transferable to my family member or friend?
Ans: No, you cannot transfer NCB protection cover to any of your near and dear ones. You cannot transfer it by selling your motor vehicle to another party because it belongs to the policyholder, not the motorbike.
Note- The NCB protection cover is transferable only in case of the death of the policyholder and is only transferable to the nominee. -
Q.2 Is NCB protection add-on cover available with the base plan?
Ans: This add-on cover is available with a comprehensive bike insurance plan and standalone own-damage bike insurance plans. -
Q.3 Can I increase add-on covers in my base two-wheeler insurance policy along with NCB cover?
Ans: Yes, you can increase as many add-ons as you want with the base policy along with NCB cover. -
Q.4 Is it possible to use a single No Claim Bonus protection cover on two different bikes or multiple bikes?
Ans: No, the No Claim Bonus applies to just one bike insurance policy and one bike. The policyholder cannot use the No Claim Bonus protection cover feature for multiple bikes or insurance policies, but yes can be transferred from one policy to another. -
Q.5 Is an NCB protection cover necessary?
Ans: It is not compulsory to get this add-on. Buy this add-on to protect your bike from accidents or damage. -
Q.6 Is this add-on beneficial for superbikes or expensive bikes only?
Ans: We especially recommend this add-on for superbikes and expensive bikes, but anyone can benefit from the cover if they are highly prone to road accidents and cause damage to the bike. -
Q.7 How to get an NCB certificate?
Ans: In case you are planning to change your insurance provider, you can easily transfer your accumulated bonus (NCB) from one insurer to another, you must issue an NCB certificate from your previous insurer to get it transferred. -
Q.8 How is NCB calculated for bike insurance?
Ans: NCB starts at 20% after one claim-free year and increases each consecutive year without a claim, up to 50% after five years. The discount applies only to the own damage (OD) portion, not third-party premiums. -
Q.9 What happens to my NCB if I sell my bike?
Ans: You can retain your NCB and transfer to your new bike insurance policy by requesting an NCB retention letter from your current insurer. -
Q.10 How to claim NCB when renewing bike insurance?
Ans: If you're renewing with the same bike insurance company, NCB is auto-applied. For a new insurer, provide the previous year policy (PYP) details or NCB certificate.
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