Motor premium split into own damage, third party and add-ons. The no claim bonus applies only to the own damage portion, so a fifty percent bonus does not halve the bill.
Also called: motor insurance premium, car policy premium calculator.
₹31,685 including tax: ₹18,900 own damage after a 25% no claim bonus, 3,416 third party and ₹4,536 for add-ons. NCB saves you ₹6,300. Third party cover is compulsory, priced by engine capacity on a regulated tariff, and carries no no-claim discount.
An estimate, not an offer or a guarantee. Projected returns assume the rate you entered holds for the whole term, which no market does.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
Third party cover is compulsory, priced by engine capacity on a regulated tariff, and carries no discount at all. Own damage is optional, priced on the IDV, and is the only part the no claim bonus reduces. That is why a fifty percent NCB cuts the total premium by much less than half. Zero depreciation cover removes the parts depreciation deduction at claim time and typically adds fifteen to twenty percent, which usually pays for itself on a single claim for a newer vehicle.
the no claim bonus applies only to the own damage portion, never to third partyEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
Total premium₹31,685
3% of 8.4L; less 25%
Open this exampleTotal premium₹39,119
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Open this exampleFormula version 1.0.0 · definition 1.0.0 · India · Report a problem with this calculator