Bharti AXA CAR Insurance What is Car Insurance No Claims Bonus Protector 2 May 2018 What Is No Car Insurance Claim Bonus Protector? Car insurance is an absolute necessity when you buy a car. However, many features of car insurance plans are still unknown to most people. One such feature is the No Claim Bonus. The no claim bonus is a discount percentage of the premium that is given to the people who do not make any claims on their car insurance plans. These bonuses are usually rewarded to the client at the time of expiration of the best car insurance policies. This means that every year when your car insurance policy expires and you have to renew it, there will be a discount provided to you by the company which w will reduce the rate of your premium. The discount can deduct the rate of your premium to a whopping 50%. Additionally, there is another term associated with the no claim bonus, and it is the no claim bonus protector. Let us get to know a little bit more about the no claim bonus protector! What Is No Claim Bonus Protector? Emergencies can strike you any day, thankfully a reliable car insurance can back you financially at times of distress. However, if you are lucky and do not have to claim your car insurance, you will get the no claim bonus at the expiration of the policy. You can easily avail the no claim bonus when you renew the policy the next year. With each consecutive year, the percentage of discount in the premium keeps increasing. It can go up to 50% of the entire amount at one point. However, the no claim bonus may drop down to as low as zero if you make a claim even once during the period of your insurance policy. Simply put, when you buy car insurance, you have a no claim bonus amount reserved. Once you withdraw some amount from the online car insurance policy, the no claim bonus ends. However, you can protect your no claim bonus in some ways. This can be done by the no claim bonus protector. A no claim bonus protector lets you protect the no claim bonus by paying some additional charges when you buy car insurance online or offline. This is an add-on cover that can be purchased along with the car insurance. With this, you will be able to avail the no claim bonus no matter how many times you make withdrawals of funds. What Are the Advantages of No Claim Bonus Protector? There are a few advantages of opting for the no claim bonus protector when you buy car insurance. They are: Lets you have a bonus even after using the funds Second and the most obvious advantage of the no claim bonus protector is that it lets you get the no claim bonus even after you have made the maximum number of withdrawals from your insurance funds for big or small reasons. Who Should Get No Claim Bonus Protector? Any person who has car insurance may buy a no claim bonus protector. The most important thing about a no claim bonus protector is that it helps you avail your no claim bonus even if you have already made claims. So, if you are opting to buy a car insurance plan, it is a great option to add to the no claim bonus protector plan with it. These can be purchased simultaneously. If you do not have a no claim bonus protector and want to buy it now, it is also possible to add it to your existing car insurance plan. Hence, if you think that you might end up using your car insurance and still want to avail the discounts on the next premium renewal, a No Claim bonus protector add-on is the best pick for you. The No Claim Bonus Protector is a great way to avail some benefits of the car insurance and should be considered. Make sure you read all the policy terms and conditions before buying any no claim bonus protector add-on to your car insurance policy. Explore Our Products Car Two Wheeler Travel Health Bharti AXA Advantages We've raised the bar in being your Car's ideal insurance companion 3.5 MILLION ISSUES CLEARED 3800+ CASHLESS GARAGES IN INDIA 79 BRANCHES ACROSS INDIA 24/7 CLAIM ASSISTANCE Get Quote Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.