NO CLAIM BONUSAN OVERVIEW

Is your Vehicle Insurance turning out

to be expensive?

Unless you run by a checklist & Compare…

You Won’t be able to…

If you need your vehicle insurance to deliver full throttle…

…Then you will need to go over your policy in great detail

To avail Discounts…

And save Big on Premium

So How can I make the Most of my Vehicle Insurance?

Compare on PolicyBoss.com

& Learn ways of saving on your premium…

Did you know Insurance companies offer a “No Claim

Bonus”?

Think of it as a reward for not claiming insurance on your

vehicle…

NCB = No Claim Bonus

Bonus for every additional year where claim is not made*

Yr. 1 – 0%Yr. 2 – 20%Yr. 3 – 25%Yr. 4 – 35%Yr. 5 – 45%Yr. 6 – 50%

Vehicle depreciation assumed at 10% PA

* NCB varies for insurer to insurer

The above table shows the premium payable towards a Hyndai i10 costing Rs.4.6 lakhs (over a 6 year period) Scenario 1: When no claim is made and thus becoming eligible for NCB (as applicable)Scenario 2: When a claim is made each year.

Scenario 1 - With NCB

Scenario 2 - Without NCB

Year Value (in Rs.)

NCB % Premium** NCB% Premium**

Year 1 460,000 0 14,398 0 14,398Year 2 414,000 20 10,367 0 12,958Year 3 372,600 25 8,747 0 11,662Year 4 335,340 35 6,822 0 10,496Year 5 301,806 45 5,196 0 9,447Year 6 271,625 50 4,251 0 8,502** This is illustrative only, actual value may vary based on

various factors.

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Disclaimer: Insurance is the subject matter of solicitation. Landmark Insurance Brokers Pvt. Ltd. | Certificate No : 216, IRDA License No : DB 089/03. (Valid Upto 12th Oct, 2018) CIN # U66030PN2002PTC017009

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