No claim bonus
This query is : Resolved
11 December 2012
I HAVE RECEIVED A 'NO CLAIM BONUS' OF 60% FROM AN INSURANCE COMPANY FOR MY OLD CAR, WHERE SHOULD I SHOW THIS REFUND IN MY ACCOUNT BOOK..?
PLEASE HELP ME
THANK YOU.
PLEASE HELP ME
THANK YOU.
11 December 2012
As per my knowledge , insurance co do not give refund of "no claim bonus". Rather they adjust the bonus in the next year's premium. And hence next year you will have to pay a less amount for premium.
Hence it will be automatically adjusted in next year when you will claim less expense for premium.
Rectify me if i am wrong!!
Hence it will be automatically adjusted in next year when you will claim less expense for premium.
Rectify me if i am wrong!!
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