Individual
Family
Senior Citizen
SMC Insurance Brokers Pvt. Ltd.
Parsvnath Metro Mall, Near Pratap Nagar Metro Station, Pratap Nagar, New Delhi-110007
Registration No: 289, Registration Code No: IRDAI/DB-272/04/289, Valid till: 27/01/2026, License category: Direct Broker (Life & General), CIN: U66000DL1995PTC172311
Insurance is the subject matter of solicitation.
Visitors are hereby informed that their information submitted on the website may be shared with insurers.
Product information is authentic and solely based on the information received from the Insurer.
Health Insurance Benefits
Tax Benefits
u/s 80 (D)
Cashless
Treatment
Free Annual
Health Check up
Health Insurance in 2 Mins
Health Insurance Benefits
Tax Benefits
u/s 80 (D)
Cashless
Treatment
Free Annual
Health Check up
Super No Claim Bonus Add-On In Health Insurance
The word ‘bonus’ has such a nice ring to it, no? Every time we buy something, we make sure to grab the best deals, coupon codes, rewards, and bonuses! Where’s the fun otherwise?
Your health insurance, too, comes with rewards, without you having to pay for anything extra (keep going…we’re listening…).
Presenting to you - No Claim Bonus and Super No Claim Bonus! Let’s have a look at what these terms mean.
What Is A No Claim Bonus (NCB)?
First, let's understand a No Claim Bonus.
It is a benefit offered by your insurer when you do not make any claim in a policy year. So if you stay healthy and live a claim-free year, you receive a bonus.
How Does NCB Work?
It can be rewarded in one of the following ways -
-
By Increasing Your Sum Insured
Depending on your NCB, the insurer will increase your sum insured by a certain percentage each year. But your premiums will not increase.
This is the most common NCB in the market.
However, the insurer may apply a cap to the NCB. This means that even if the number of your claim-free years increases, the sum insured won’t, after a maximum limit.
Suppose, Aryan purchases a Health Insurance of Rs. 10 lakhs, with an NCB of 10%. The NCB is capped at 50% of the sum insured. This means that no matter how many claim-free years he has in his policy, his sum insured can increase only up to a maximum of Rs. 15 lakhs. (10 lakhs + 50% of 10 lakhs).
-
By Decreasing Your Premium
Depending on your NCB, the insurer will decrease your premium amount by a certain % every claim-free year. This will not impact your sum insured. However, only a few insurers offer this option.
Taking Aryan’s example again. Suppose he pays a premium of Rs. 20,000 per year for a sum insured of Rs. 10 lakhs. The insurer offers a 10% discount on the premium, for every claim-free year.
Therefore, discount on premium = 10% of 20,000 = Rs. 2000
Thus, if Aryan doesn't make a claim this year, his renewal premium will be reduced to Rs 18,000 (20,000 - 2000). But even though his premium amount has decreased, his sum insured of Rs. 10 lakhs will remain constant.
Please note: Every claim made reduces the sum insured. In other words, if you make a claim under your policy, the sum insured will be deducted at the same rate it had increased when you didn’t make a claim.
But what if you are confident that you won’t make a claim, and you want more bonus?
Well, more rewards coming your way then!
Some insurers help you amp up your No Claim Bonus through an add-on feature. This will add an extra NCB - called Super No Claim Bonus. It goes by different names, like - No Claim Bonus Booster, Super Cumulative Bonus, etc.
So What Is A Super No Claim Bonus?
The Super No Claim Bonus is an accelerated version of No Claim Bonus, you opt for by paying an additional premium.
It functions in a similar way as the No Claim Bonus, the only difference is your sum insured increases by an additional percentage over and above the NCB applied to your policy.
This benefit will be calculated on the base sum insured only.
Suppose, you have a policy of Rs. 10 lakhs + 1 lakh No Claim Bonus amount and 1 lakh Restored Sum Insured amount. This comes to a total sum insured of Rs. 12 lakhs. The Super No Claim bonus will be calculated on Rs. 10 lakhs - which is your base sum insured - and not on the accumulated Rs. 12 lakhs.
Conditions Under Super No Claim Bonus
Similar to NCB, Super NCB too has certain conditions
-
Maximum Limit
Insurers will have certain limits attached to the policy. For example, Aditya Birla’s Activ Assure plan and Care Insurance’s Care plan have a limit of 100% of the sum insured for the Super No claim Bonus. This means, the maximum bonus amount you may receive will be 100% of the sum insured, and not more than that.
-
Reduction In Super No Claim Bonus
The bonus will be reduced by the same percentage as it was increased - in case any claim is made in the policy year.
-
Restrictions On Usage
Some insurers may restrict some benefits. For example, Care Insurance’s Care Policy mentions that the Super NCB will be available for certain optional benefits as well the base benefits. But there are certain policies, like Manipal Cigna’s ProHealth, which mention that the Super No Claim Bonus will not be available for claims made under certain benefits, like - Maternity Expenses, Newborn Baby Expenses, and First Year Vaccinations.
-
Availability For Multi-Year Policy
Insurers, like ICICI Lombard’s Health Shield and Health Elite Care Insurance’s Care plan, provide you with this benefit even for multi-year policies (2 years or 3 years). However, not all insurers have mentioned such details in their policy documents.
-
Choose Between NCB And Super NCB
In some policies, Super No Claim Bonus is not an addition to the No Claim Bonus but a substitute. By choosing the add-on, you substitute the base NCB available with the accelerated Super NCB.
For instance, policies, like Manipal Cigna ProHealth, will provide you with only either of the bonuses. This means, if you have a Super NCB added to your policy, then the benefit of NCB will not be available. Therefore, read the policy wordings carefully before purchasing the policy.
A Premium Comparison Table
The premiums displayed are for a 31-year-old, with 10 lakhs sum insured, on 21st August, 2022.
| Insurance Company | In-built or Add-on | Premium with Super No Claim Bonus |
|---|---|---|
| Care Insurance Care Policy | In-built | Rs. 10,571 |
| Bajaj Allianz Health Guard Platinum | In-built | Rs. 9,386 |
| Manipal Cigna Prohealth Protect | Add-on | Rs. 8,560 |
| ICICI Lombard Health Shield | Add-on | Rs. 8,253 |
The inflation rate is increasing by the day and is affecting the healthcare industry. The cost of medical services is rising significantly. In such times, having a Super No Claim Bonus add-on can really boost your health insurance, and protect you and your loved ones. So do that extra work-out, eat your greens, and stay healthy - to get the most out of your health insurance policy.
Partners - We Are Proud To Have
We have over 30+ insurance partners on our back. Rest assured, you won't be short of choices.
Why Customers Love Us?
- We provide quick claim assistance.
- We are easily approachable through phone, email, and text.
- We are transparent operations with no hidden cost.
- We pursue your claims till the very end.
- We understand your needs, and advise most suitable insurance products to you.
Our Customers' Stories
Sharing the experience of happy and satisfied customers with you.
Sameer Yadav
I was searching for investment plan but I couldn't find it, then I got the call from SMC insurance and they aligned a call with Ishita Sharma as point of contact (POC) for all my queries and she explain me very well. Ishita explain me all investment plan with advantage and disadvantage, I really appreciate her. Ishita always enthusiast towords work and ready to answer all my questions .I have taken two policies ( HDFC click to invest) plan with 15k premium per month. I always recommend SMC insurance to all, for better life and happy retirement with huge health and wealth. Thank You SMC insurance for your best service. Special thanks to Ishita for E2E help and endless support, you did fabulous work. Show More
Dheeraj Bhatia
I am associated with SMC insurance since 2011 and found them to be most ethical, trustworthy and highly responsive. Some of my precious policies done thru other agencies are still running on SMC’s advice. That is a strong testimony to their customer-centric approach. I am glad to be associated with SMC and strongly recommend their services to all concerned. Wishing the very best to Team SMC !Show More
Jyoti Sharma
We were fortunate enough to have selected SMC as our Health Insurance Broker for they have been very helpful in resolving our queries related to health insurance. I would like to cite two examples where SMC's role has been very crucial. One was when payment for cashless hospitalization was not coming through as the insurance company was taking undue longer time to approve the Hospital Bill. It was then I talked to Neha and it was she who through her contacts in the Insurance co. facilitated and expedited the approval for payment of hospital bill. Second was very recently when the Insurance co. had proposed a top up "Enhancer" policy for our existing policy. When I talked to Neha she immediately told me not to take this policy being offered without any medical test as it will not be beneficial to us and may create problem later on account of recent hospitalization. If I had I not consulted Neha, I would have into a big trouble with the insurance co. These two instances speak very high of sincere advice and timely help rendered by the SMC Staff, Ms. Neha Khanna which helped us a lot in time of need.Show More
Sumit Khanna
Hi, I am Sumit here, purchasing insurance policies from SMC for almost 8 years. Would like to recommend this company to other customers because they are taking care of my insurance broking services in a fabulous way. I would like to extend my gratitude and thanks to policy servicing and also insurance claim backend services. They have rendered fantabulous services for me and would like you guys to definitely go and rely on them for all your insurance needs.Show More
Kishor Kumar Bijlani
My experience with SMC Brokers is excellent. They provide support from the beginning till end i.e from issuance of insurance policies till settlement of claims. They explain very nicely various provisions relating to Insurance Policy also facilitate settlement of claims with Insurance Companies. Show More
Megha Singhal
I have purchased HDFC policy from SMC Insurance with the help of Harsh Sharma. I have got the satisfactory services from SMC Insurance. Thank you SMC Insurance.Show More
