The benifit for those who have not claimed insurance during preceding year of insurance cover ,it means the premium they would pay in the following year would be lower ,can be availed under the comprehensive motor insurance policy.The policy cover the loss or damadge to the vehicle ensured and third party liability.Since the no claim feature is linked to insured and not the vehicle you can not transfer your no claim bonus from insurer to insurer but also to a new vehicle of the same type.However it is applicable only to own damadge part of the premium which is 80 percent of policy premium and for third party it is 20 percent once insurance claim is made, your no claim bonus automatically become 0 and your next premium will be on higher side


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