By Free Advanced NCB Calculator Tool India – Should You Claim Insurance?
Wondering whether to claim your car insurance for a minor dent or pay from your pocket? Making the wrong choice could cost you thousands in lost No Claim Bonus (NCB) discounts. This advanced NCB Calculator for India goes beyond simple math. It simulates the true financial impact of filing a claim by factoring in crucial parameters like the NCB Protect add-on, premium inflation, GST, and even the effect on your car’s resale value. Get a data-driven recommendation in seconds and learn exactly when to claim your car insurance to maximize your long-term savings.
No Claim Bonus (NCB) Calculator — India
Quickly check if it’s worth claiming your car insurance or saving your NCB for bigger long‑term savings with our advanced analysis tool.
Start Calculation →Inputs
🔑 Show Advanced Parameters
Assumptions: NCB resets to 0% after an unprotected claim and rebuilds annually as per IRDAI slabs. This is an estimate only.
Recommendation
PendingEnter your details and hit Calculate.
Cost Projection Breakdown
| Year | NCB % (Keep/Reset) | Cost (Keep NCB) | Cost (Claim) | Net Savings |
|---|
Cumulative Cost Over Time
Opportunity Cost of Claiming
Lost savings from higher premiums, invested at 6% annually (FD rate).
What is NCB?
No Claim Bonus is a discount on your premium for not making a claim during the policy period. It builds up yearly up to 50%, rewarding safe drivers.
NCB Slabs in India
Typical progression on renewal without claims:
- After 1 claim‑free year: 20%
- 2 claim‑free years: 25%
- 3 claim‑free years: 35%
- 4 claim‑free years: 45%
- 5+ claim‑free years: 50% (max)
Frequently Asked Questions
What is an NCB Protection add-on?
It's an optional cover that allows you to make a limited number of claims (usually one) without your NCB resetting to zero. It's highly recommended for maintaining high NCB slabs.
Can I transfer my NCB?
Yes, NCB is transferable to a new car or a new insurer. It's linked to you, not the car.
What is a deductible?
It's the amount you pay out-of-pocket for a claim before the insurer pays. It's a mandatory component of any claim.
Disclaimer
This tool provides indicative guidance only. Premium inflation, repair costs, and policy terms vary. Always check your policy wording and consult your insurer for exact figures.
Your Pre-Claim Decision Checklist
Follow these steps before you contact your insurer to make a final, informed decision.
- 1. Get a Final Repair Quote: Visit a trusted workshop to get an exact, all-inclusive cost for the repairs. Don't rely on initial estimates.
- 2. Run the Numbers Here: Input the final repair quote and your policy details into this calculator to see the long-term financial projection.
- 3. Check Your Policy Document: Confirm your exact compulsory and voluntary deductibles. Also, verify if you have the "NCB Protection" add-on.
- 4. Assess Your Personal Finances: Review the calculator's recommendation. If it suggests not claiming, can you comfortably pay the repair cost from your emergency fund?
- 5. Consider Future Plans: If you plan to sell the car soon, a high NCB and a claim-free record can be a valuable selling point. Factor this into your decision.
