7. What Is Ncb Retention Add-on Cover For Car Insurance? Is It Useful To Go In For Such An Insurance Add-on?
NCB retention is a relatively new add-on cover offered by general insurance companies. No claim bonus, commonly known as NCB is a reward offered by insurance service providers to their clients in case they do not file for any insurance claims. As a reward, insurance companies offer discount on the annual premium for policy renewal. Car owners can get as much as 50 percent discount on the own damage part of the insurance premium using no claim bonus.
