NCB full form - Full Form World

 NCB full form 

NCB is essentially a discount on your insurance premium that you can avail when you renew your policy. If you do not make any claims for a few years consecutively, You can accumulate up to 50% discount on premiums! 

Full form of NCB is :

N ➥No
C ➥Claim
B ➥Bomus

 

&

N ➥Narcotics
C ➥Control
B ➥Bureau

So,full form of NCB is No Claim Bonus. & Narcotics Control Bureau.

FAQs about NCB :

• NCB will help you to fetch a discount on policy renewal.
• NCB is associated with the car owner and not the car.
• No Claim Bonus is applicable at the time of policy renewal and only on the ‘Own Damage’ component of your car insurance policy.