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What Is the NCB Slab Structure Set by IRDAI?
● 1 year claim-free: 20% NCB discount on OD premium ● 2 years claim-free: 25% ● 3 years claim-free: 35% ● 4 years claim-free: 45%
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How Does No Claim Bonus (NCB) Affect My Premium Estimate?
● 1 year claim-free: 20% NCB ● 2 years claim-free: 25% NCB ● 3 years claim-free: 35% NCB ● 4 years claim-free: 45% NCB ● 5 years or more claim-free: 50% NCB (maximum, capped)