How much No-Claims-Bonus (NCB) do you enjoy? - Team-BHP

itwasntme · 28th August 2007, 14:28

To all TBHP-ians,

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

ItWasntMe

w 12 · 28th August 2007, 14:58

The maximum NCB allowed is 65% and not 50%.

BTW I have NCB of 65%.

GTO · 28th August 2007, 15:04

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!).

itwasntme · 28th August 2007, 15:26

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

Are

Quote:

Originally Posted by GTO

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.

Zappo · 28th August 2007, 15:30

Quote:

Originally Posted by itwasntme

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%.

itwasntme · 28th August 2007, 15:34

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?!

ItWasntMe
ItWasntMe

MalluDude · 28th August 2007, 15:36

65% for me. Carried over from my previous car. So far no claims in 8 years. (Touchwood)

revtech · 28th August 2007, 15:50

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.

kpzen · 28th August 2007, 15:53

No claim for 7+ years. Touchwood.
Premium i paid last was Rs 2400.

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

28th August 2007, 14:28	#1 (permalink)
itwasntme BHPian Join Date: May 2007 Location: BANGALORE Posts: 500 View My Garage	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! ItWasntMe __________________ Into each life some rain must fall

28th August 2007, 14:58	#2 (permalink)
w 12 BHPian Join Date: Apr 2006 Location: bangalore Posts: 381	The maximum NCB allowed is 65% and not 50%. BTW I have NCB of 65%. __________________ What , Me Worry ?

28th August 2007, 15:04	#3 (permalink)
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 18,479 View My Garage	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!). __________________ GTO Work backward from your imagination, not forward from the past! Please don't PM for support. Use the Contact Form instead. Please read the NEW Team-BHP FAQ section for all your queries. Last edited by GTO : 28th August 2007 at 15:49. Reason: Correcting link

28th August 2007, 15:34	#6 (permalink)
itwasntme BHPian Join Date: May 2007 Location: BANGALORE Posts: 500 View My Garage	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?! ItWasntMe ItWasntMe __________________ Into each life some rain must fall

28th August 2007, 15:36	#7 (permalink)
MalluDude BHPian Join Date: Aug 2005 Location: Cochin Posts: 268 View My Garage	65% for me. Carried over from my previous car. So far no claims in 8 years. (Touchwood)

28th August 2007, 15:50	#8 (permalink)
revtech Senior - BHPian Join Date: Nov 2004 Location: Bombay Posts: 1,775 View My Garage	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. __________________ Revin Beyond Limits !!

28th August 2007, 15:53	#9 (permalink)
kpzen Distinguished - BHPian Join Date: Oct 2004 Location: Faridabad Posts: 4,115 View My Garage	No claim for 7+ years. Touchwood. Premium i paid last was Rs 2400. __________________ Prajesh

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