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Definition of “no-claims bonus” - English Dictionary

"no-claims bonus" in British English

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no-claims bonusnoun [C]

uk   /ˌnəʊ.kleɪmz ˈbəʊ.nəs/ us   /ˌnoʊ.kleɪmz ˈboʊ.nəs/ also no-claims discount UK
(Definition of no-claims bonus from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"no claims bonus" in Business English

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no claims bonusnoun [C]

uk   us   also no claims discount INSURANCE
a reduction in the amount paid for insurance because no claims (= requests for money following accidents or losses) have been made during a particular period: If you make a claim you might lose your no claims bonus.
(Definition of no claims bonus from the Cambridge Business English Dictionary © Cambridge University Press)
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