There are a number of car insurance discounts available to policyholders in India. Some of the most common discounts include:
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No Claim Bonus (NCB)
This is a discount that is given to policyholders who do not make any claims on their policy for a certain number of years. The NCB percentage increases with each claim-free year, up to a maximum of 50%.
Anti-theft device discount
This discount is given to policyholders who install an anti-theft device that is approved in their car. The discount amount will differ depending on the kind of device installed.
Early bird discount
This discount is given to policyholders who renew their policy before the due date. The discount amount is usually around 5%.
Senior citizen discount
This discount is given to policyholders who are 60 years of age or older. The discount amount varies depending on the insurer.
Woman driver discount
This discount is given to policyholders who are women. The discount amount varies depending on the insurer.
AAI membership discount
This discount is given to policyholders who are members of the Automobile Association of India (AAI). The discount amount is usually around 5%.
Pay in full discount
This discount is given to policyholders who pay their premium in full upfront. The discount amount varies depending on the insurer.
Bundled policy discount
This discount is given to policyholders who purchase multiple insurance policies from the same insurer. The discount amount varies depending on the policies purchased.
