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GIC Clerk MCQs
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What does "no-claim bonus" mean in motor insurance?
What does "no-claim bonus" mean in motor insurance?
A. A discount on premium for not filing claims
B. A refund of premium paid
C. An additional coverage benefit
D. A penalty for filing claims
Explanation:
A no-claim bonus is a discount offered by insurance companies for policyholders who do not make any claims during the policy year.
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