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Thread: No Claim Bonus : Claiming 3 year old NCB?

  1. #1
    NewBie
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    Exclamation No Claim Bonus : Claiming 3 year old NCB?

    I will be buying a new car in the next week and in the past I have had 3 years no claims on the last policy. In order to prove this to new insurers do these years of no claims still count and will I have to contact previous insurer for evidence?

    Thanks,
    Ankit





  2. #2
    Moderator CONFUSED's Avatar
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    The new car should be bought/insured within 90 Days from the date of selling/transfering the old car.

    If you meet the above critaria, just submit the old car insurance policy and selling document of old car to the insurance company they'll give you the NCB.
    Rules/Guidelines at PolicyWala | Help Old People |
    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.

  3. #3
    Moderator CONFUSED's Avatar
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    Also Read this thread on NCB - Link
    Rules/Guidelines at PolicyWala | Help Old People |
    I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.

  4. #4
    PW Stalwart Manish_Kumar's Avatar
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    1- You can transfer NCB within 3 years of selling your old car, if you have not bought any other car in between.
    2- 90 Days mentioned above is valid only for renewing the same car with the same NCB.

    Hope this makes it more clearer.
    Everyone has a scheme of getting rich.. Which never works.

  5. #5
    NewBie
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    Thanks guys for answering my above query!

    One more query - What if the new car comes with a benefit of free insurance for the 1st year.
    1- Can I still transfer the no claim bonus of my previous car insurance to the new car?
    2- Is NCB also applicable from the 2nd year onward on the new car?

  6. #6
    Moderator Matrix's Avatar
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    Quote Originally Posted by Ankit_09 View Post
    1- Can I still transfer the no claim bonus of my previous car insurance to the new car?
    Yes

    2- Is NCB also applicable from the 2nd year onward on the new car?
    Once NCB is transfered it will continue to next year and onward. Till you have claimed on it.


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