What is no claim bonus in bike insurance?

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What is no claim bonus in bike insurance?
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• No Claim Bonus (NCB) Definition. No claim bonus
  (NCB) is a discount, given by an insurer to a
  policyholder for making no claims during the
  policy term. NCB can be accumulated over years
  and the discount ranges from 20 to 50 on the
  own damage premium.

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• Illustration
• On first renewal, a car with IDV (Insured
  Declared Value) of Rs. 4 lakhs has own damage
  premium of Rs. 12,000. The policyholder is
  entitled to 20 discount if he has not made a
  claim. So, his premium would be Rs. 9,600. He
  clearly saves Rs. 2,400 by not making a claim.
• The money saved on OD (Own Damage) premium keeps
  increasing every year with the discount
  increasing annually.

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• Can no claims bonus be protected?
• NCB is like a gift by the insurance provider for
  not making any claims in the previous 1 year (or
  3 years, depending on your policy tenure). NCB
  can be claimed only if you renew the insurance
  policy regularly, at least within 90 days of
  expiry of the previous policy.
• It is available only on the own damage component
  of the premium, and not on the third-party cover.
• The proportion of NCB rises each year, from 20
  after the first year without any claim, to 25 at
  the end of the second claim-free year, 35 after
  the third year, 45 after the fourth year and 50
  at the end of 5 claim-free years.
• NCB is accrued to your account and not to the
  account of your vehicle. This means that if you
  do not make any claim for 3 years and you sell
  your bike to buy a new one, you can avail NCB
  benefits accrued by you in the previous 3 years
  on the first premium for the new vehicle as well.
  However, you cannot transfer the NCB from a two
  wheeler insurance to a four-wheeler insurance
  policy

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• For example, you buy a scooter in 2009 and pay
  premiums regularly, renew the policy on time and
  make no insurance claims for 5 years. You sell
  the vehicle in 2014 and buy a new one, for which
  the premium is Rs.2,500. The own damage component
  in the premium is Rs.2,000. With 5 years of NCB,
  you are eligible for a 50 discount in your new
  vehicles premium, which means that you only have
  to pay Rs.1,500 instead of Rs.2,500 as premium
  for the new scooter.
• You can also transfer the NCB from one vehicle to
  another even if you are changing the insurance
  provider. For this the first insurer should give
  you an NCB certificate. This can also be claimed
  when you buy an insurance online.
• NCB cannot be transferred from one person to
  another. The only exemption to this is if the
  policy is transferred to the legal heir or
  nominee of a person on the policyholders death.
• To ensure that you are able to maintain an NCB on
  your policy, try not to make insurance claims on
  minor damages to the vehicle that do not require
  a lot of expense. If you make even 1 claim, then
  the NCB will revert to zero and you will get no
  discounts in premium for the next year.