Health Insurance 2434 views March 7, 2020

ICICI Lombard No Claim Bonus (NCB)

No claim bonus in a component in general insurance. It is offered to policyholders who do not make claims during their policy periods. The no claim bonus (NCB) is common in health insurance but is it also found in motor insurance. Every single insurance company in India offers NCB, including ICICI Lombard. The ICICI Lombard no claim bonus is offered on almost every health insurance and motor insurance policy. Read on to know more.

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ICICI Lombard No Claim Bonus in Health Insurance

Let us begin by understanding how No Claim Bonus works in health insurance. When you buy health insurance from ICICI Lombard, you get into an agreement with the insurer about getting a specific volume of health coverage by paying a fixed amount of premium. If you get ill and require health care, your medical bills will be paid by the insurance company. However, if you manage to complete the entire policy duration without making a single health claim, the insurer will offer a higher sum insured the next year, but without increasing your premium amount proportionally. For every claim-free year you maintain, you get an added 10% sum insured, up to a maximum of 50%.

Advantages of ICICI Lombard No Claim Bonus

There are some very handy benefits of the NCB:

  1. More cover at less price – You get an increase in the cover without having to pay more money. This is the biggest advantage the ICICI Lombard no claim bonus offers to you.
  2. An incentive to stay fit – The no claim bonus offers an incentive to everyone to stay fit and lower the chances of making a health insurance claim. This is good for the overall wellness of the people.

ICICI Lombard No Claim Bonus on Motor Insurance

When it comes to motor insurance, the NCB works in a slightly different manner. Instead of offering an increase in the coverage, the ICICI Lombard no claim bonus in motor insurance offers a discount on the premium. When the policyholder maintains a claim-free year, he gets a discount on the premium of the following year. This keeps adding up and can reach a maximum of 50% after a period of five years.

Points to Remember about the ICICI Lombard NCB

It is important for you to note that the ICICI Lombard NCB, whether in health insurance or in motor insurance, can only be earned when the policy is renewed on time. It is common to see the NCB getting negated when the policy lapses. So to ensure you get the bonus you deserve, always pay your premium on time and renew the insurance policy diligently.

If you are porting your insurance provider from a different insurance provider, ICICI Lombard will allow you to carry the accumulated NCB forward. Inform the company about the NCB you have and enjoy the rewards.


The ICICI Lombard no claim bonus is a wonderful value-added service. Make use of it and get the best deal out of your health insurance policy and your motor insurance cover.

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