Percentage Of No Claim Bonus Should Be Reduced From Claimed Amount: Uttarakhand State Commission Modifies Amount Awarded

The Uttarakhand State Commission modified the amount awarded under a no-claim bonus in a consumer dispute. The case involved a consumer who had claimed a no-claim bonus, but the amount awarded was reduced by the Commission. The Commission ruled that the percentage of the bonus should be reduced from the claimed amount, reflecting a more accurate calculation of the benefit. This decision offers guidance on the calculation of no-claim bonuses in insurance claims, ensuring that bonuses are awarded fairly based on the terms of the policy.