You are here : Community » Forums » Finance/Loan & Insurance » Change of my old car Insurance to New car
Today's Posts | Search Forums | My Messages

Change of my old car Insurance to New car

Pages : 12
#1 26-Oct, 2009 09:26 AM
Ikkru/ Krishna
Best-seller
Joined Date: 14 Oct 2009
Location: Kottayam
Posts: 856
Likes: 2

Friends,

i have an Ikon which is insured with Reliance for the last three years.  Since there was no Claim from the starting itself, i got the NCB.

Now iam planning to sell the car and buy a new Dzire.  Is it possible to change my NCB to the new car? if it is possible i can save some good money as it is the 3rd/4th cons. year without claim. What can i do for that? how much percentage will get as NCB? (New car premium is around 12500/-)

Thank you



0 members liked this post
 
#2 26-Oct, 2009 09:43 AM
Pankaj Prasad
Moderator
Joined Date: 29 Sep 2007
Location: Vadodara
Posts: 13628
Likes: 39

In your case (completed 3 years), the NCB for the 4th year would work out to 45% (of Total Own Damage Premium).  The same is transferable to your new car/policy.  You will need to provide evidence of the old car/policy transferred in the buyer's name.




Honesty is not a Spare Wheel that you pull out when in trouble. It's a Steering Wheel that keeps you on the right path throughout the life's journey.
0 members liked this post
 
#3 06-Nov, 2009 03:04 PM
Ikkru/ Krishna
Best-seller
Joined Date: 14 Oct 2009
Location: Kottayam
Posts: 856
Likes: 2

Iam about to purchase the new vehicle.  And iam going to sell my old car which has a 3rd PARTY INSURANCE ONLY. Is it possible to transfer my NCB (3 Years) to new car? 

What should i take care at the time of the selling of the old car for getting that?



0 members liked this post
 
#4 06-Nov, 2009 03:21 PM
Pankaj Prasad
Moderator
Joined Date: 29 Sep 2007
Location: Vadodara
Posts: 13628
Likes: 39

3rd Party Insurance does NOT earn any NCB.




Honesty is not a Spare Wheel that you pull out when in trouble. It's a Steering Wheel that keeps you on the right path throughout the life's journey.
0 members liked this post
 
#5 06-Nov, 2009 03:38 PM
Ikkru/ Krishna
Best-seller
Joined Date: 14 Oct 2009
Location: Kottayam
Posts: 856
Likes: 2

Cry

But last year, they(reliance insurance) game  25% (i dont know exactly) in the name of NCB...



0 members liked this post
 
#6 06-Nov, 2009 03:43 PM
Pankaj Prasad
Moderator
Joined Date: 29 Sep 2007
Location: Vadodara
Posts: 13628
Likes: 39

Never heard of NCB on 3rd party insurance.  May be, it could be NCB of comprehensive policy of the previous to previous year.  Since when do you have the 3rd party insurance?




Honesty is not a Spare Wheel that you pull out when in trouble. It's a Steering Wheel that keeps you on the right path throughout the life's journey.
0 members liked this post
 
#7 06-Nov, 2009 04:38 PM
Ikkru/ Krishna
Best-seller
Joined Date: 14 Oct 2009
Location: Kottayam
Posts: 856
Likes: 2

Since 2007, i went for 3rd pary only. Last year only (2009August) i came to know about NCB and asked for NCB.  Suddently he agreed and calculated!!!!!!

 May be they gave some other discount in the name of NCB to mislead me.

Anyway, my plan to catch some money from my new Dzire insurance became a big flop.Innocent



0 members liked this post
 
#8 06-Nov, 2009 07:58 PM
Pankaj Prasad
Moderator
Joined Date: 29 Sep 2007
Location: Vadodara
Posts: 13628
Likes: 39

As I have stated before... never ever heard of NCB on 3rd party cover.  Also, I understand, no discounts are offered on the same.  Some confusion Undecided

Discuss/check with the service provider / agent.




Honesty is not a Spare Wheel that you pull out when in trouble. It's a Steering Wheel that keeps you on the right path throughout the life's journey.
0 members liked this post
 
#9 07-Nov, 2009 12:08 PM
Ikkru/ Krishna
Best-seller
Joined Date: 14 Oct 2009
Location: Kottayam
Posts: 856
Likes: 2

Sorry pankaj ji. it was a not Third party, full only.  (Rs 4000 for 150000/- ikon).  Actually iam a big zero in this matter Embarassed

Then what should i kept in mind at the time of selling of my old vechicle, to get the NCB for my new vehicle?



0 members liked this post
 
#10 07-Nov, 2009 02:52 PM
Pankaj Prasad
Moderator
Joined Date: 29 Sep 2007
Location: Vadodara
Posts: 13628
Likes: 39

You will need to provide evidence of the old car/policy transferred in the buyer's name.




Honesty is not a Spare Wheel that you pull out when in trouble. It's a Steering Wheel that keeps you on the right path throughout the life's journey.
0 members liked this post
 
Pages : 12