If you have not made any claim on your vehicle insurance for the previous year, then you are eligible for a ______.

Depreciation

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Own Damage Premium

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No-Claim Bonus

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Personal accident cover

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Solution

The correct option is C No-Claim Bonus
If you have not made any claim on your vehicle insurance for the previous year, then you are eligible for a no-claim bonus. For each claim-free year, no-claim bonus can be earned. No-claim bonus can be described as a discount offered on own damage premium for not claiming the insurance during the policy period.

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