POSTED BY April 16, 2012 4:10 pm COMMENTS (2)
ONHi,
I bought a second hand car and did the name transfer of RC. But I havent transferred the name in Insurance. Now Im planning to transfer the Insurance to my name and below are some points where I need clarification.
1. If I do the name transfer of Insurance, will the NCB % maintained by the previous owner be transferred to my name? I checked with the insurance provider but he denied the same.
2. If I opt to change the insurer, the NCB with the previous insurer be transferred to the new insurer? In my case the current insurer is Shriram and I want to change the insurer to TATA AIG. Will the NCB maintained with Shriram be transferred to TATA?
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Hi Joker, As Ashal said, NCB is associated to a particular person, moreover the fact is that it does not have any linkage with the vehicle!. The seller of the car might have good NCB% owing to safe driving throughout his insurance tenure and hence this benifit owes is solely to him and cannot be transferred to any other person.
Dear Joker, the NCB is a reward of safe driving to the owner of the vehicle & it’s not transferable with the insurance policy. so the co. person to whom you talked is right.
Question of transferring the NCB does not arise as already discussed above.
Thanks
Ashal