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Topic: INSURANCE


no-claims bonus

noun
     
no-claims bonus [countable]
BFI in Britain, a reduction in the amount that you have to pay for car insurance, because you have not claimed any money during a particular period

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actuary assurance benefit coinsurance coinsure cover(v) cover(n) coverage cover note endowment policy friendly society indemnify indemnity insurance insurance adjuster insurance broker insurance policy insurance premium insure insured insurer life assurance life insurance loss adjuster National Insurance no-claims bonus policy premium protection reinsure risk underwrite underwriter

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