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How Much Discount Can You Get With No Claim Bonus In Insurance?
Number of Consecutive Claim-Free Years NCB Discount on Premium One year 20% Two consecutive years 25% Three consecutive years 35% Four consecutive years 45%
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For every claim-free year, the policyholder earns a discount ranging from about 20% in the second year to about 50% for five consecutive no-claim years. The discount helps the policyholder to reduce the premium amount during renewals.