Education
NCB in Insurance – Meaning and Importance
The term ‘bonus’ has a very pleasant connotation. When combined together, though, one would ask if these three words – No, Claim, and Bonus – have a similar impact. No Claim Bonus (NCB) in health insurance or NCB insurance is a reward for not filing a claim, and in itself, is an added benefit to the insurance.
The Meaning Of NCB Insurance
No claim bonus, or NCB, is a bonus amount that is added to the sum insured amount for each year without a claim. It’s a type of incentive insurance firms give to policyholders who don’t file a claim within a given policy period.
When purchasing health insurance, you should examine the ‘No Claim Bonus’ in addition to the policy premium, inclusions, exclusions, network hospitals, and claim settlement percentages.
NCB Insurance As An Add-On
An add-on is a further advantage that you may get for a fee. For example, if no claims were filed during the preceding policy period, the No Claim Bonus Add-on would enhance the bonus percentage at renewal.
It’s worth noting that acquiring this add-on will raise the premium you’ll have to pay. As a result, before purchasing the add-on, it is recommended that you carefully consider the premium, your health status, and the apparent benefit.
Why Is NCB Insurance So Important?
One of the most significant issues in the healthcare sector is the rate of inflation. To combat the rising cost of healthcare-related services, you’ll need a health insurance policy with a No Claim Bonus. When you go a year without filing a claim on your policy, you can raise your sum insured in this way.
What Happens If You Make A Claim In NCB Insurance?
If you claim in a given year, the bonus amount you have accumulated as no claim bonus will be decreased by a little amount. It could, however, be a major setback for you.
For example, if you have an insurance policy with a sum insured of INR 2 lakh and do not claim for ten years, your total insured amount will be INR 3 lakh, assuming a 10% rate increase. However, if you file a claim in the eleventh year, the sum insured will be decreased by 10% when you renew the policy, bringing the total amount to INR 2.70 lakh.
You should keep in mind that you will be paid a bonus for every year that goes by without you filing a claim. So you’ll get the bonus if you go a year without filing a claim after filing one. The NCB insurance is entirely dependent on the year in which you have made no claims. It’s also crucial to note that the insurer can reduce your bonus amount if you make a claim, but the amount of your sum covered will not change.
There is no way to guarantee that you will receive the no-claim bonus from your health insurance. You cannot avoid filing a claim if you have a medical ailment or need hospitalization. You do, however, get a reward for every year you go without being sick or being admitted to the hospital. In the event of a catastrophic sickness or the need for medical treatment, you have no choice but to forego the incentive.
An Example- How Does NCB Insurance Work?
If Mr. Sumant purchases a health insurance plan with an amount insured of Rs. 5 lacs and does not file a claim in the first policy year, he would receive a cumulative bonus of 5% upon renewal, bringing his total sum insured for the next year to Rs. 5, 25, 000. Thus, instead of Rs. 5 lakhs, he can now claim up to this amount.
Similarly, if he does not file a claim in the second year, he will receive a cumulative bonus of 5%, which would result in a sum insured increase, bringing his total sum insured to Rs. 5,50,000. This incentive of NCB insurance might be worth up to 100% of the insured amount.
Bottom Line
The objective is only to claim when it is truly necessary. Making claims can damage your claim history, and insurance companies may raise your premium based on how frequently you file claims. If you don’t make any claims, this indicates that you live a healthy lifestyle. Staying in shape is essential to avoid being ill and filing claims. Your no claim bonus or cumulative bonus will continue to grow to the point where it will cover you when you need it most.
Education
ESCP Business School names Marie Taillard as UK dean amid London push
LONDON: ESCP Business School has appointed Professor Marie Taillard as dean of its London campus, effective December 19, 2025, as the institution sharpens its expansion and academic ambitions in the UK.
Taillard, who previously served as interim dean, will take on the role for a three-year term. Her appointment comes as ESCP seeks to strengthen its position in London and expand its academic, industry and societal engagement across the UK.
ESCP Business School executive president and dean Leon Laulusa, said Taillard’s expertise in creativity and marketing, combined with her long association with the institution, made her well placed to shape the campus’s next phase. He credited her with launching the MSc in Marketing & Creativity, now one of the school’s flagship programmes.
ESCP London chairman of the board of trustees Lord David Gold, said Taillard would build on the campus’s recent momentum, citing her academic leadership and international outlook.
A L’Oréal professor of creativity marketing and former UK head of faculty, Taillard has been central to ESCP’s push for innovative pedagogy that bridges academic research and professional practice. She was recently shortlisted for the Times Higher Education’s Most Innovative Teacher of the Year award.
Taillard said her focus would be on expanding the programme portfolio, strengthening lifelong learning and deepening links between academia, industry and local communities, aligned with ESCP’s Bold & United strategy.
She holds an MBA from Columbia Business School and a PhD from the University of London, and has held several senior leadership roles at ESCP since joining its permanent faculty in 2007. The London campus currently serves more than 1,900 students and executive participants each year and is ranked second in the UK by the Financial Times.
Education
Amish Tripathi awarded honorary doctorate by University of York
YORK: Bestselling author and former diplomat Amish Tripathi has added a new title to his name, Doctor of the University.
The University of York in the United Kingdom has conferred on Tripathi an honorary doctorate, honouris causa, recognising his contribution to Indian literature and his role in carrying Indian culture to audiences around the world.
In its citation, the University described Tripathi as the fastest-selling author in Indian publishing history. His 12 books have sold over eight million copies globally, earning him a regular place on Forbes India’s list of influential celebrities.
Beyond the printed page, Tripathi is a familiar voice and face to viewers. A seasoned broadcaster, he has hosted acclaimed documentaries, including the award-winning Legends of the Ramayan. He is also co-founder of Tara Gaming, the studio behind Age of Bhaarat, billed as India’s first AAA video game. Before returning to full-time creative work, he served as minister for Culture and Education at the Indian High Commission in London.
The honorary degree was presented at the University of York’s winter graduation ceremony in the second week of January 2026, in the presence of students, faculty and guests from across the world. In awarding the honour, the University praised Tripathi for deepening global understanding of Indian values, traditions and storytelling.
He was joined in this year’s roll of honour by three other distinguished figures: renowned mathematician professor Simon Donaldson, ecologist professor Sue Hartley OBE, and dame Amanda Blanc DBE, group chief executive officer of Aviva.
The University of York awards its honorary doctorates to individuals whose achievements show exceptional distinction and reflect the institution’s values. For Tripathi, it marks another chapter in a career that continues to blend myth, modernity and meaningful dialogue across cultures.
Education
Niit MTS snaps up Sweetrush in $26m USA push
NEW DELHI / SAN FRANCISCO: Niit learning systems limited’s managed training arm, niit mts, has bought 100 per cent of Sweetrush Inc in a deal worth up to $26 million, tightening its grip on the USA and sharpening its ai-led learning offer.
The acquisition, completed through Niit (USA) inc, includes performance-linked earn-outs over five years. Sweetrush, founded in 2001 by Arturo Schwartzberg and Andrei Hedstrom and headquartered in San Francisco, employs more than 100 people across the United States and Costa Rica, with a wider bench of learning specialists.
Niit MTS is betting that Sweetrush’s award-winning, human-centred learning design, spanning certification-driven content and a fast-growing talent solutions practice, will plug neatly into its global, ai-enabled managed learning platform for Global 1000 clients. The aim: turn project work into sticky, annuity-like contracts and lift wallet share across enterprises, professional associations and not-for-profits.
Niit MTS chief executive officer and executive director Sapnesh Lalla, said the tie-up brings “human-centred learning craft and global operational scale, powered by technology and AI, under one roof”.
Sweetrush chief executive officer Danielle Hart, said joining niit offers a bigger global runway while preserving the firm’s culture of care and innovation.
Niit MTS vice chairman and managing director Vijay K Thadani, called the deal a boost to its outcome-focused portfolio, marrying strategic learning interventions with delivery at scale.
Sweetrush’s founders struck a similar note. Arturo Schwartzberg said the teams and culture would remain intact, now backed by Niit’s heft, while Andrei Hedstrom said the combined ecosystem would “amplify” the firms’ impact on mission-critical learning.
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