No Claim Discount (NCD) is a discount given for individuals who did not make any claim. For every claim-free year, you will be able to get more discounts, up to a maximum of 25%.
|
No-Claim Period |
Discounts |
|
1st Year |
0% |
|
2nd Year |
15% |
|
3rd Year |
20% |
|
4th Year onwards |
25% |