Car insurance name transfer and renewal

POSTED BY Muthu ON April 16, 2012 4:10 pm COMMENTS (2)

Hi,
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?

2 replies on this article “Car insurance name transfer and renewal”

  1. sandeep.sudhakaran@gmail.com says:

    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.

  2. 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

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