Everything You Need to Know about Bajaj Allianz Motor Insurance No Claim Bonus

What is No Claim Bonus?

No Claim Bonus (NCB) is a reward given to policyholders for not making any claims during the policy period. It is a discount that is applied to the renewal premium of the motor insurance policy. It is applicable for each claim-free year and the bonus can range from 20% to 50% on the own damage premium. For instance, if the No-Claim Bonus applied to the policy is 50%, the renewal premium will be half of the original premium amount.

What is Bajaj Allianz Motor Insurance No Claim Bonus?

Bajaj Allianz Motor Insurance No Claim Bonus is the reward given to policyholders for not making any claims during the policy period, which is applicable for each claim-free year. This bonus is applied to the renewal premium of the motor insurance policy and can range from 20% to 50% on the own damage premium. This is applicable only for motor insurance policies. Bajaj Allianz No Claim Bonus also applies to two-wheeler and four-wheeler insurance policies.

How does Bajaj Allianz Motor Insurance No Claim Bonus Work?

Bajaj Allianz Motor Insurance No Claim Bonus works in the following way:

If you do not make any claims during the policy period, you will be rewarded with the No Claim Bonus.
The No Claim Bonus is applied to the renewal premium of the motor insurance policy and can range from 20% to 50% on the own damage premium.
The No Claim Bonus is applicable for each claim-free year.
The No Claim Bonus is applicable only for motor insurance policies.
This bonus is applicable for two-wheeler and four-wheeler insurance policies.

How to Claim Bajaj Allianz Motor Insurance No Claim Bonus?

It is quite easy to claim Bajaj Allianz Motor Insurance No Claim Bonus. You just need to follow the below steps:

Visit the Bajaj Allianz website and log in.
Select the ‘My Account’ option.
Go to the ‘Claims’ section and click on ‘No Claim Bonus’.
Enter the required details and submit.
Your No Claim Bonus will be applied to the renewal premium.

Benefits of Bajaj Allianz Motor Insurance No Claim Bonus

The following are the benefits of Bajaj Allianz Motor Insurance No Claim Bonus:

It rewards policyholders for not making any claims during the policy period.
It is applicable for each claim-free year.
It offers discounts ranging from 20% to 50% on the own damage premium.
It is applicable for both two-wheeler and four-wheeler insurance policies.
It is easy to claim the No Claim Bonus.

Conclusion

Bajaj Allianz Motor Insurance No Claim Bonus is a great way to save money on your motor insurance premium. It rewards policyholders for not making any claims during the policy period. The No Claim Bonus is applicable for each claim-free year and can range from 20% to 50% on the own damage premium. It is applicable for both two-wheeler and four-wheeler insurance policies. It is easy to claim the No Claim Bonus and it is a great way to save money on your insurance premium.