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View Poll Results: How much NCB do you currently enjoy?
No claim made or pending during the preceding 5 consecutive years of insurance (50%) MAXIMUM! 8 44.44%
No claim made or pending during the preceding 4 consecutive years of insurance (45%) 2 11.11%
No claim made or pending during the preceding 3 consecutive years of insurance (35%) 3 16.67%
No claim made or pending during the preceding 2 consecutive years of insurance (25%) 2 11.11%
No claim made or pending during the preceding full year of insurance (20%) 3 16.67%
Have claimed during the preceding full year of insurance (Malus/Loading/Extra premium being charged) 0 0%
Voters: 18. You may not vote on this poll

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Old 28th August 2007, 13:28   #1
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Talking How much No-Claims-Bonus (NCB) do you enjoy?

To all TBHP-ians,

This poll will be an interesting way of analysing our insurance claim profiles!

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Old 28th August 2007, 13:58   #2
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The maximum NCB allowed is 65% and not 50%.

BTW I have NCB of 65%.
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Old 28th August 2007, 14:04   #3
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Likewise. I am also claiming 65% on 3 of my 4 cars.

Some readers may not be familiar with NCB, hence am linking to Ajmats Superb NCB Article (ARTICLE: No Claim Bonus - How to save on your insurance premiums!).

Last edited by GTO : 28th August 2007 at 14:49. Reason: Correcting link
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Old 28th August 2007, 14:26   #4
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GTO,

I have been faced with this same question earlier. Is the maximum NCB for 4-wheelers available 50% or 65%?

I am sure it was the latter (till de-regulation of the motor insurance industry) but since the Tariff Advisory Committee (TAC) detariffed motor insurance rates in India, I THINK the maximum allowable now is 50% now.

However it could be that car owners who had reached 65% before the de-tariffication occurred have been allowed to maintain their 65% even though the maximum now is 50%

For example, my June 2000 model Tata Indica2000 was still at 50% after 7 years of claim-free motoring. Am I missing something here or did United Insurance take me for a ride?

Your expert advice is awaited!



Best regards,
ItwasntMe

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Quote:
Originally Posted by GTO View Post
Likewise. I am also claiming 65% on 3 of my 4 cars.

Some readers may not be familiar with NCB, hence am linking to Ajmats Superb NCB Article.
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Old 28th August 2007, 14:30   #5
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Quote:
Originally Posted by itwasntme View Post
I am sure it was the latter (till de-regulation of the motor insurance industry) but since the Tariff Advisory Committee (TAC) detariffed motor insurance rates in India, I THINK the maximum allowable now is 50% now.

However it could be that car owners who had reached 65% before the de-tariffication occurred have been allowed to maintain their 65% even though the maximum now is 50%
You answered your question buddy. You are absolutely right. Only those who reached 65% before the de-tariffing happened have managed to retain that much for others max limit now is set to 50%.
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Old 28th August 2007, 14:34   #6
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Zappo,

Many thanks for pointing out the correct answer in my question to me ;-)

Can you (or any other Mod) edit the poll options/setup and add 65% as a 7th option?!

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Old 28th August 2007, 14:36   #7
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65% for me. Carried over from my previous car. So far no claims in 8 years. (Touchwood)
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Old 28th August 2007, 14:50   #8
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no claims for 8 years and the one F%^& time i claimed they made such a big deal out of it and havent yet paid me.
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Old 28th August 2007, 14:53   #9
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No claim for 7+ years. Touchwood.
Premium i paid last was Rs 2400.
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