Longer coverage period: You will only have to renew once in two or three years, depending upon the coverage period you choose
Added Protection: Protection from third party premium rate hikes and service taxes which occur almost every year
Added NCB benefit No Claim Bonus will not be cut down to nil if you make a claim during the policy period. It will be lowered, but it will still remain valid
Proportional Refund You can get a proportional refund in case of cancellation of policy, even if you made a claim during the policy period