Car insurance or four wheeler insurance is an agreement between a car owner and the car insurance provider that offers protection for four-wheelers in the case of financial losses due to unforeseen events like accidents and natural calamities as per policy.
How much bonus you can get at the time of renewal if not claimed at all?
Basically bonus at the time of renewal is called NCB (No Claim Bonus) which you can get if you have not claimed previously or in active policy and your policy have not crossed 90 days of renewal date.
NCB % at the time of renewal :
| Renewal | NCB |
| 1st Year | 20% |
| 2nd Year | 25% |
| 3rd Year | 35% |
| 4th Year | 45% |
| 5th Year and above | 50% |
