New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    The 'No Claim Bonus' is calculated based on:

    A The age of the vehicle Correct Answer Incorrect Answer
    B The cubic capacity of the engine Correct Answer Incorrect Answer
    C The claim history of the insured Correct Answer Incorrect Answer
    D The geographical location of the insured Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The No-Claim Bonus (NCB) is calculated based on the claim history of the insured. If no claims are made during the policy period, the NCB increases, resulting in lower premiums for subsequent policy renewals.

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