for index title bar
No Claims bonus explanation:
If order does not make a claim on their insurance during an insurance year, for the following year a No claims Bonuis (NCB) is applied. In Japan, every year the grade progresses one step on a scale from Grade 1 to Grade 20.

Insurance year
--
--
--
--
--
1
2
3
4
5
Grade
1
2
3
4
5
6
7
8
9
10
NCB
+60%
+30%
+20%
0%
0%
0%
-20%
-30%
-40%
-40%
Insurance year
6
7
8
9
10
11
12
13
14
15
Grade
11
12
13
14
15
16
17
18
19
20
NCB
-45%
-50%
-50%
-55%
-55%
-58%
-58%
-60%
-60%
-60%

If a driver makes a claim on their insurance for one accident during 1 year, they lose 3 grades.(If 2 accident they lose 6 grades)
Example : If a Grade 9 driver uses their insurance, next year they will be Grade 6.

This system is same for all insurance companies in Japan. If someone changes from one insurance company to another insurance company, they usually are able to keep their grade.

For example (same driver)
04.5.1`05.5.1 Grade 10 : 40%NCB Tokyomarine insurance company
05.5.1`06.5.1 Grade 11 : 45%NCB Mitsuisumitomo insurance company

If you have already contracted with an insurance company, we need to know what no claims bonus grade your insurance has reached on the scale of 1-20.This information can be found your insurance policy. Please enter the Grade number in the box provided.

Close

Copyright Insurance Solutions Inc. 2005