A ”no claim discount” will be granted under?

By: |Published on: Oct 17|Categories: Insurance WAEC| 0 comments

A. fidelity guarantee insurance
B. marine insurance
C. life insurance
D. motor insurance

Correct Answer: Option D

D. motor insurance

Explanation

No-claim bonus (NCB) is a discount in premium offered by insurance companies if a vehicle owner has not made a single claim during the term of the motor insurance policy.

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