How do I get my no claims certificate from insurance?

You can send a copy of Registration Transfer Form (RTO Form 29) along with the previous year car insurance policy details to the insurer to get a no claim bonus retention certificate. This certificate can be produced to get the discount on own damage car insurance premium when you purchase another vehicle.

How can I get my no claims bonus without a car?

How do I keep my no claims bonus without a car? If you currently don’t have a car, you should still be able to keep your existing no clams discount providing you buy another car and take out an insurance policy within two years – after that, your NCD will be invalid.

How can I get NCB certificate from New India Assurance?

Once the application has been sent, it takes about one to two working days for the insurance company to issue the NCB certificate, which can be used as proof of the existing NCB. On the basis of the certificate, the insurance company can apply the NCB as a discount on the insurance premium for the new car.

Is No Claim Bonus transferable to new owner?

No Claim Bonus (NCB) is the benefit accrued to an insured for not making any claims during the previous policy period. NCB is given to the insured and not to the insured vehicle. Hence, on transfer of the vehicle, the insurance policy can be transferred to new owner but not the NCB.

What is no claim bonus NCB?

No Claim Bonus or NCB is a reward given by an insurance company to an insured for not raising any claim requests during a policy year. The NCB is a discount ranging between 20\%-50\% and is given to the insured while renewing a policy. The NCB discount is offered on the premium amount during renewal.

Can I use NCB on 2 cars?

Unfortunately you cannot use your no claims discount twice. You can only use your no claims discount on one vehicle at any one time. However, you will be able to start earning another no claim discount if you take out a policy on a second car.

How can I get NCB certificate from Bajaj Allianz?

Obtain the NCB certificate. Forward a copy of the delivery note to your insurance company and ask for the NCB certificate or holding letter. This letter is valid for three years. When you buy a new vehicle, get the NCB transferred to your new motor vehicle insurance policy.

How do I get NCB certificate from HDFC Ergo?

All you need to do is follow these simple steps:

1. Submit an NCB Transfer Request. If you wish to transfer your NCB then it is very simple.
2. Obtain Your NCB Certificate. All processes of HDFC ERGO are very easy and won’t take up your time.
3. Apply for New Insurance Policy.

Can NCB be transferred to another car?

Yes, it is possible to get the NCB transferred to a new car because this discount is awarded to the policyholder and not on the insurance policy. One can get a 50\% discount if no claims are raised for a long period of time.