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Old November 16th, 2013, 08:13 AM
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Re: Car Insurance (India)

Quote:
Originally Posted by khaski_khopari View Post
no claim bonus is something, which i find hard to reason with. why one should not claim his insurance money to get the discount/bonus? if he does not want to claim the insurgence, why should he insure this vehicle at the first place
This is as an incentive for you to be safe. THere is also a high claims loading in some cases. It cannot be that the safe guys are paying for unsafe guys all the time. Hence this NCD as was called in early 00s. Also, it is to dissuade you from Chillar claims (they actually have the deductible for that too).
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