Car Insurance Ncb Transfer Procedure. Go to the nearest branch of the insurance/takaful company. Submit a letter to insurance company about policy details, copy of old rc and new.
Upon cancellation, you will receive an ncb retention letter from your current insurer. Is it possible to get ncb concession on. Go to the nearest branch of the insurance/takaful company.
To Transfer The Existing Car Insurance From One Person To Another, You Need To Raise A Transfer Request With The Motor Insurance Provider.
Transfer ncb from old car to new car. An ncb basically operates through a tiered system. Request for ncb transfer and submit all the required documents;
Retain The Ncb When Buying A New Car:
Documents required for transferring ncb. Submit a letter to insurance company about policy details, copy of old rc and new transferred rc copy 2. The maximum discount you can earn on your car.
Upon Cancellation, You Will Receive An Ncb Retention Letter From Your Current Insurer.
Ncb helps in reducing annual car insurance premium. You can transfer the ncb to a new car by cancelling the old car insurance. However, you cannot switch vehicle.
Let Them Know To Issue Ncb Certificate In Your Favor As Old Car Is.
This means that the bonus increases the longer a driver is able to drive free of claims. Copy of the booking form for the new car, 3. Make sure to submit the ncb retention letter within its validity of three years to the new insurance company otherwise all accrued benefits will be lost.
Ncb Or No Claim Bonus Is A Benefit That Accrues For The Insured In The Event Of No Claims Made During The Period Of The Previous Vehicle Insurance Policy.
Booking receipt in the case of purchasing a new car. As per the current rules in india the. You can transfer ncb of your old car insurance policy to a new car insurance policy when you are selling your old car or have sold your old car.