Options
- A
She should transfer the ‘No-Claim’ bonus to the new insurance company
- B
She should opt for higher deductible as she is a very careful driver
-
Both of the above
Correct answer
- D
None of the above as no claim bonus is non-transferrable and the deductible is not decided by the insured
Why this is the answer
Transferring NCB and choosing a higher deductible are standard ways to lower premium costs, and both options are available.
Test yourself for real
Take a full NISM Series X mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.