No Claim bonus in Health Insurance

When you renew your health insurance policy, you can apply for a No Claim Bonus (NCB) if you haven’t filed any claims during the past policy year. This bonus is applied either as a discount on your renewal premium or as an increase in your sum insured without extra charges. For example, you could see up to a 50% boost in coverage, depending on your insurer’s terms. To benefit from the NCB, review your insurer’s eligibility requirements during renewal, and ask about maximizing this reward to lower your long-term health insurance costs. The NCB is a valuable way to save while maintaining or even expanding your coverage!