What is TP and OD in insurance?
What is TP and OD in insurance?
While the OD part provides coverage for any damage caused to the insured vehicle, the TP part covers the policyholder’s legal liability arising due to damages inflicted to a third party individual or property due to his/her negligence driving. Feb 5, 2021
What is eligible NCB?
NCB belongs to the policyholder/car owner and not to the car. So, No Claim Bonus transfer means, when you buy or sell an old car or renew your car insurance from another insurance provider, you are still eligible to avail this discount provided you haven’t made any claims in the previous policy year.
What does 65 No Claim Bonus mean?
65% Claim Free Privilege Life1 is earned after you’ve had 65% Claim Free Privilege Plus1 for three claim free periods. At this discount level, your 65% No Claim Bonus1 is protected for the life of your policy.
