My insurance company does not pay any claim bonus when I renew my car insurance. The bonus is progressively increasing. Can I get the same discount from a new insurer?
Dhruv Chatterjee, Kolkata
No claim bonus is given to the policyholders by the insurers as a reward for not making a claim under the policy. If you are insuring with the same insurer, you can claim the no-claim bonus (NCB) as your right. However, if you move to a new insurer, it is the discretion of that particular insurer to grant the NCB. Generally, most insurers grant the NCB in such cases. Before granting the NCB, they check the client’s background and verify the claim history from the existing insurer. Based on the information on record they pass on the same benefit to the client after renewal of the policy with the existing insurer.
