NO CLAIM BONUS. In the event of no claim being made or arising under this Insurance during the proceeding year or years of Insurance the renewal premium will include a bonus if the Insurance is renewed for a further year. If the Insurance covers more than one vehicle, the no claim bonus will apply separately for each vehicle.
NO CLAIM BONUS. 12.1 If the Insured does not claim during the previous policy year, the Sum Insured under the policy will be increased by an amount equivalent to 5% of the basic Sum Insured in the subsequent policy year without any corresponding increase in premium subject to a maximum increase of 30% of the basic Sum Insured over the duration of the policy including renewals. The basic Sum Insured is the Sum Insured chosen as on policy commencement date.
12.2 If a claim is made by the member after the provision mentioned above in point no.
12.1 has come into force, then the sum insured under the policy will be reduced by an amount equivalent to 5% of the basic sum insured in the subsequent policy years without any corresponding change in the premium subject to minimum sum insured equal to basic sum insured at commencement in the subsequent policy year.
NO CLAIM BONUS. In the event of no claim being made or arising under this Policy the Company will allow a discount from the renewal premium calculated in accordance with the Company’s published scale for motor trade policies. In the event of a claim the discount will be reduced in accordance with the Company’s published scale for motor trade policies. In the event of an Insured Vehicle being hit by an uninsured driver (this does not include untraced drivers), once the Company have confirmed that the accident was the fault of the uninsured driver, the No Claims Bonus will be restored and any excess paid reimbursed on Comprehensive cover only.
NO CLAIM BONUS. In the event of no claim being made or arising under this Insurance during the proceeding year or years of Insurance the renewal premium will include a bonus if the Insurance is renewed for a further year. If the Insurance covers more than one vehicle, the no claims bonus will apply separately for each vehicle when the cover has run for a full annual period. Where protected bonus has been agreed by the Company, this will be shown on the Statement of Fact and Schedule. The No Claims Bonus shall not be prejudiced provided, that no more than one claim is made in any three consecutive insurance years. In the event of more than one claim in any three consecutive insurance years the No Claims Bonus will be stepped back by two years per claim. Note: The maximum bonus scale is five years.
NO CLAIM BONUS a. For an Individual Policy or Family Floater Policy, if the Policy is Renewed with Us without a break or if the Policy continues to be in force for the 2nd Policy Year in the 2 year Policy Period (if applicable) and no claim has been made in the immediately preceding Policy Year, each Policy Year We will increase the Sum Insured applicable under the Policy by 20% of the Base Sum Insured of the immediately preceding Policy Year; subject up to maximum of 100% of the expiring Base Sum Insured. The sub- limits applicable to various benefits will remain the same and shall not increase proportionately with the Sum Insured.
b. For a Family First Policy, if the Policy is Renewed with Us without a break or if the Policy continues to be in force for the 2nd Policy Year in the 2 year Policy Period (if applicable) and no claim has been made in the immediately preceding Policy Year, each Policy Year We will increase the Sum Insured applicable under the Policy by 20% of the Base Sum Insured of each individual Insured Person only and the increase shall not apply to the Floater Sum Insured stated in the Schedule of Insurance Certificate as applicable under the Policy; subject up to maximum of 100% of the expiring Base Sum Insured of each individual Insured Person. The sub-limits applicable to various benefits will remain the same and shall not increase proportionately with the Sum Insured.
c. If the Insured Person in the expiring Policy is covered under an Individual Policy and has an accumulated No Claim Bonus in the expiring Policy under this benefit, and such expiring Policy is Renewed with Us on a Family Floater Policy, then We shall not provide any credit for the accumulated No Claim Bonus to the Family Floater Policy.
d. If the Insured Person in the expiring Policy is covered under an Individual Policy and has an accumulated No Claim Bonus in the expiring Policy under this benefit, and such expiring Policy is Renewed with Us on a Family First Policy, then the accumulated No Claim Bonus to be carried forward for credit in the Renewing Policy would be the accumulated No Claim Bonus for that Insured Person only.
e. If the Insured Persons in the expiring Policy are covered under a Family First Policy and have an accumulated No Claim Bonus for each Insured Person in the expiring Policy under this benefit, and such expiring Policy is Renewed with Us on a Family Floater Policy with same or higher Base Sum Insured, then the accumulated No Claim Bonus to be carried forward ...
NO CLAIM BONUS. This insurance does not use a No Claims Bonus scale for the purposes of rate setting. A No Claims Bonus cannot be earned under this insurance If you change the vehicle covered by this insurance or need cover for an extra vehicle (including a temporary vehicle), please contact your broker to discuss your requirements. If cover is agreed, your broker will let you know about any change in premium and arrange for a new set of policy documents to be issued. You can accept payments from passengers in your vehicle if you are giving them a lift for social or other similar purposes. Accepting these payments will not affect your insurance cover if: • Your vehicle cannot carry more than nine people (including the driver) • You are not carrying the passengers in the course of a business of carrying passengers and • The total of the payments you receive for the journey does not provide a profit These general exceptions apply to the whole insurance Your insurance does not cover you for: Any legal responsibility, loss or damage (direct or indirect) arising while any vehicle covered by this insurance is being: • Used for a purpose for which your vehicle is not insured • Driven by or is in the charge of anyone (including you) who is not mentioned on the certificate of motor insurance as a person entitled to drive or who is excluded by an endorsement • Driven by or is in the charge of anyone (including you) who is disqualified from driving, does not hold a valid driving licence in line with current law or has never held a licence to drive your vehicle, does not keep to the conditions of their driving licence or is prevented by law from having a licence (unless they do not need a licence by law) • Used on any race track, race circuit or toll road without a speed limit (such as the Nürburgring) • Used for racing or pace-making, used in any contest (apart from treasure hunts, road safety and non-competitive rallies) or speed trial or is involved in any rigorous reliability testing Any legal responsibility, loss or damage (direct or indirect) arising while any vehicle covered by this insurance is being used to carry: • More passengers than the maximum seating capacity for the insured vehicle as set by the vehicle manufacturer or • Passengers in a manner likely to affect the safe driving and control of your vehicle or • Any load which is greater than the maximum carrying capacity as set by the vehicle manufacturer of, if applicable, any plated weight limit of the insured vehicle...
NO CLAIM BONUS. In the event of no claim being made or arising under this Policy the Company will allow a discount from the renewal premium calculated in accordance with the Company’s published scale for commercial motor policies. In the event of a claim the discount will be reduced in accordance with the Company’s published scale for commercial motor policies. If the insurance covers more than one vehicle, the no claim bonus will apply separately for each vehicle.
NO CLAIM BONUS. [C_PRE_NCB10_01_ST]
NO CLAIM BONUS. In relation to an insurance period for which
(i) The premium has been paid in full,
(ii) No indemnity has been paid or is or to be paid and (iii) the Contract remains in force for a further insurance period, We shall pay You a no claim bonus, it being agreed that if there is an indemnity for Collection Expenses but the Debt has been paid in full before indemnification by Us, We shall not take into account the indemnity for Collection Expenses in the calculation of the no claim bonus. The value of the no claims bonus shall be [x]% of the premium paid for the insurance period, provided that the premium paid for the insurance period after deduction of the no claims bonus shall exceed the minimum premium. In order to receive the payment of the no claims bonus You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the no claims bonus and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period.
NO CLAIM BONUS. In relation to a contract period of [x] subsequent insurance periods for which
