The insurance company is right, you need to complete one complete year to be eligible for NCB. But in your case, as you have bought a second hand car and continued with the same insurance, on renewal date the one year is not completed, so you would not be eligible for NCB.
I could not get you here that one year not completed, could you please tell me with example. If you want more details from my side, please let me know.Originally Posted by amit_kumar09
Harish – As per the dates provided by you above, You have bought second hand car in June’2009 and got the same insurance transferred in your name in July’2009. Now you have received renewal letter, so just assuming that the renewal date is somewhere near March’2010 end week or First week of April’2010. So the total period you have driven the car with old insurance is (June’2009 to March’2010) 10 months. 2 months short of 1 year. As per NCB rule, you need to complete one year with the insurer without claim. Hope now it is clear to you.
I have a different case, my car went missing in the on Jan 31'2011 and still not traced by police. Now I had received the theft claim amount from the insurance company. I was enjoying 50% NCB in my old policy. Now will I get NCB in my new car policy, if I transfer it, as it is more than 90 days?
After claim the NCB will reset to '0', so you won't get NCB benefit in new policy.
You will pick up maximum wrong numbers when on roaming.
Why it will reset to '0'? It will go up and down in ladder system, so after one claim, it will go down to 40% next year onward. Please correct me if I am wrong.
I am afraid that you are talking about the old NCB Method which is no more there.
You will pick up maximum wrong numbers when on roaming.
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