New Delhi, Aug. 30 -- One must always extend existing car insurance policy before its expiry date as missing this deadline can have consequences. To ensure continuous coverage of the vehicle against financial losses and protection of hard-earned No Claim Bonus (NCB) benefits, one must stay vigilant with respect to insurance cover. Moreover, timely renewal of policy guarantees protection against accidents, theft, natural disasters and third-party liabilities.

NCB, which is associated with a Comprehensive car insurance policy, rewards safe driving. It is a discount earned for each claim-free policy year on the own-damage component which can reduce premium by 20% for the first year and as much as 50% on fifth consecutive claim-free renewal....