Can you transfer no claim bonus to a new vehicle?

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.

Is no claim bonus transfer to new owner?

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. The new owner has to pay the difference on account of NCB for the balance policy period.

How do I transfer my car insurance from one car to another?

To transfer your insurance from one car to another you will need to contact your insurer in the first instance to advise them as to your new vehicle details. Your insurer will then recalculate your price and offer you the option to either insurer your new vehicle or cancel your policy.

Do you have NCB from previous private car policy?

NCB belongs to the policyholder/car owner and not to the car. So, No Claim Bonus transfer means, when you buy or sell an old car or renew your car insurance from another insurance provider, you are still eligible to avail this discount provided you haven’t made any claims in the previous policy year.

How do I find out my no claims bonus?

Your no-claims discount may be on your renewal letter. If it’s not on there, it might be on the cancellation notice you’ll receive if you’re switching. If you can’t find it yourself, contact your provider and ask them to send you the required proof.

How do I get my no claims bonus certificate?

Your No Claims Bonus Certificate will be included in your renewal pack from your previous insurer, or you can request it from them if you don’t already have it. You can email a copy or a clear photo of your certificate to us.

How do I transfer my IRDA Licence?

Process of Transfer of License: To change you company, you need to get an NOC from your insurance company by putting in your resignation and then requesting them to forward the same to IRDA. Thus, you can cancel your license by simply writing a resignation with a valid reason.

How can I check my no claim bonus?

Can you lie about no claims bonus?

Lying about who’s the main driver Not only is it illegal, it also means you’re not earning your No Claims Discount, which can represent HUGE savings in the long run. You want to start working on that as soon as possible, not delay it a whole year to save a bit short-term.

Can’t remember how many years no claims?

Many insurance providers will say a no-claims discount is invalid if there’s a break in your car insurance of two years or more. But other providers may go to three years.