IndiaInsurance
19th December 2019, 09:58 PM
The No Claim Bonus (NCB) is given to the policy owner and not to the insured vehicle. Therefore, the NCB cannot be passed on to another name. However, you can use the retained NCB (certificate is issued) when buying a new policy for your new car.
More... (https://economictimes.indiatimes.com/wealth/insure/motor-insurance/how-to-use-ncb-of-old-car-insurance-to-reduce-new-car-policy-premium/articleshow/72179237.cms)
More... (https://economictimes.indiatimes.com/wealth/insure/motor-insurance/how-to-use-ncb-of-old-car-insurance-to-reduce-new-car-policy-premium/articleshow/72179237.cms)