What is the no claims bonus?
The no claims bonus is awarded to policy owners who have been fortunate enough not to have claimed for an illness or injury condition during a policy year. The amount of the bonus available each year is 10% of the premium, up to a maximum of $50. Although you can’t use a no claims bonus to pay your premiums or redeem it for cash, you can use it to help reduce expenses when you make a claim, for example, pay part of an excess or to supplement the cost of Routine Care items.
