Is Bonus ( No Claim) available in Family Floater policy also if Yes then please tell me the name of companies
Is Bonus ( No Claim) available in Family Floater policy also if Yes then please tell me the name of companies
Its available in most of the family floater policies. eg. Oriental Insurance, ICICI Lombard.
Policy wording about discount by Oriental Insurance for your info -
NO CLAIM DISCOUNT / LOADING A discount of 5% on the premium, in respect of each claim free year, subject to a maximum of 20 % shall be allowed provided the policy is renewed with the company without any break. In case any claim is admitted under the policy, the entire No Claim Discount earned SHALL be forfeited in the next renewal of the renewal of the policy. However, the No Claim Discount shall continue to accrue afresh from the next claim free year.
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