What Is No claim Bonus In Health Insurance |
How much you can get in NCB?
No-claim Bonus in Health Insurance:
No-claim bonus refers to the bonus amount that gets accumulated to the sum insured amount for every claim-free year. In other words, it is the reward offered by the insurer for not making any claim during a particular policy period.
Every policy has no claim bonus.
Some offers up to 50% NCB, some offers addition in coverage, If you have Rs 10 lac coverage then for next year they increases your cover so it will become 15 lac cover.
Or they will offer you discount in premium. You will get 10 % to 50 % discount on your next premium.
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