Gray-Image
24*7 Claim Notifications

24*7 Claim Notifications

Almost 100% Paperless

Almost 100% Paperless

Best Claim settlement Awards 2022

Best Claim settlement Awards 2022

previous
  • Overview
  • Features And Benefits
  • Third-Party Two-Wheeler Insurance
  • Comprehensive Two-Wheeler Insurance
  • Calculate Premium
  • Save On Premium
  • Renewal Benefits
  • IDV in Bike Insurance
  • NCB
  • Zero Depreciation Bike Insurance
  • Roadside Assistance
  • New Bike Insurance
  • Engine Protection Cover add-on
  • Deductibles
  • Types of Shriram Two-Wheeler Insurance
  • Coverages
  • Compare Plan
  • Premium Components
  • Eligibility and Required Documents
  • Buy / Renew
  • Claim Process
  • Bike Insurance Premium Calculator
  • Terminologies
  • Policy Download
  • FAQs
next

What is a No Claim Bonus (NCB) in Two Wheeler Insurance

  • No Claim Bonus (NCB) is provided by insurance providers to the insureds who have not made any claims during the policy tenure
  • NCB is applied on the Own Damage premium that the policy holder has to pay during the next policy period
  • No Claim Bonus increases with each consecutive claim-free year, up to a maximum of 50%
  • NCB can be transferred to a new insurance company when the policy holder switches insurers
  • NCB can also be transferred to a new vehicle, provided the policy holder has sold the old vehicle and is purchasing a new one
Read More

Importance of No Claim Bonus

  • NCBs can be beneficial for policy holders in the long run, as they increase with every year they go claim-free
  • It also reflects positively on the policy holder's driving record and can result in comparatively lesser premiums in the future

Period of Shriram Motor Insurance

No Claim Bonus Percentage

No claim made during the preceding full year of Shriram Two-Wheeler Insurance

20%

No claim made during the preceding 2 consecutive years of Shriram Two-Wheeler Insurance

25%

No claim was made during the preceding 3 consecutive years of Shriram Two-Wheeler Insurance

35%

No claim made during the preceding 4 consecutive years of Shriram Two-Wheeler Insurance

45%

No claim made during the preceding 5 consecutive years of Shriram Two-Wheeler Insurance

50%

Frequently Asked Questions

What is a No Claim Bonus (NCB) in Two-Wheeler Insurance?

NCB is offered by insurance companies to policy holders for not making any claims in the previous policy period. The NCB percentage can range from 20% to 50% of the own damage premium

Can I transfer my No Claim Bonus (NCB) to a new insurance policy or a new vehicle?

  • Yes, you can transfer your No Claim Bonus (NCB) to a new insurance policy or a new vehicle, provided that you have not made any claims during the previous policy period
  • One can transfer your NCB by obtaining a No Claim Bonus certificate from the previous insurance company and submitting it to the new insurance company

What happens to my No Claim Bonus (NCB) if I make a claim during the policy period?

If a policy holder makes a claim during the policy period, the No Claim Bonus (NCB) will be reset to zero for the next policy period

What our customers say ?

4.6

1753+ Customer Ratings

View all
customer

MARCUS MANOHAR PARKHE

Mr. Khalil, your Executive was very coperative. the overall experience was very good. Thank you.

customer

ANIL KUMAR HP

Good

customer

VAISHALI VAIBHAVKUMAR PANDYA

very good

customer

CHAUDHARI JASAVANTKUMAR

Good

customer

AKRAM KHAN

Good

left-arrowright-arrow
Quote

Blogs

guide to types of mirrors in car

Guide to the Types of Mirrors used in Car and their Benefits

Posted on 2025-04-11 12:35:32

It's an art to drive on Indian roads. Visibility is crucial while navigating through congested traffic, dodging unpredictable pedestrians, or changing lanes quickly. This is when car mirrors come in handy. Knowing the differences between the many types of mirrors may greatly increase road safety, from blind spot mirrors that avoid crashes to side mirrors that aid in towing. To help you drive more intelligently and safely, this book will break down each kind, describing how it functions and why it matters.

how to extend car battery life: essential tips

How to Maintain Your Car Battery for Longer Life

Posted on 2025-04-11 10:14:29

Whether you're caught in traffic, travelling on a road trip, or late for work, a dead car battery can be a nightmare. The battery is the heart of your car; without it, nothing functions. However, many car owners neglect battery maintenance, only bothering to notice when the car won't start. In India, short-distance travel, heavy traffic, and harsh weather can all reduce battery life. However, you can prolong its life, prevent repeated replacements, and save money by following these car battery management tips. This is your comprehensive guide to maintaining the smooth operation of your car and extending its battery life. Read on!

understanding connected cars

The Rise of Connected Cars: Features, Benefits, and Security Concerns

Posted on 2025-04-10 12:43:24

The automotive industry is no exception to the world's fast transition to smarter, more connected technology. Given that connected cars integrate cutting-edge communication technology, they are transforming the driving experience and providing drivers and passengers with a seamless combination of efficiency, safety, and convenience.

View all

Bike Insurance in Indian Cities

Bike insurance in agra
Bike insurance in delhi
Bike insurance in coimbatore
Bike Insurance in Bangalore
Bike insurance in dehradun
Bike insurance in jaipur
Bike Insurance in Indore
bike insurance in ahmedabad
Bike insurance in pune
Bike insurance in gurgaon
Bike insurance in mumbai
Bike insurance in Bhopal
Quick renewal Quick renewal
bimabharosa
Back to TopBack to top of the pageBack to top of the page

IRDAI Consumer Education:- Insurance is the subject matter of solicitation. IRDAI Registration Number - 137. CIN No. U66010RJ2006PLC029979. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Terms and Conditions |Refund and Cancellation© 2023 Shriram General Insurance. All rights reserved.