Obtain no-claim bonus certificate
You need to contact the previous car insurance company to obtain a no-claim bonus certificate. If the new car policy is being taken from another insurer, a no-claim bonus transfer certificate needs to be obtained.Documents needed
To claim NCB, keep the following documents ready: Old car insurance policy document. Copy of no-claim bonus certificate of the old car. Vehicle details, including the make and model of the car.
Inform the new insurance provider
The policyholder should inform the new insurance provider about his eligibility for the NCB. It is important to do this while purchasing the policy and before making any payment. The insurance company will use the NCB certificate and vehicle details to calculate the NCB discount. This discount is applied to the premium amount, reducing the overall cost of the insurance policy.
-
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
-
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
-
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
-
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
-
Artificial Intelligence(AI)
Master in Python Language Quickly Using the ChatGPT Open AI
-
Marketing
Performance Marketing for eCommerce Brands
-
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
-
Finance
A2Z Of Money
-
Marketing
Modern Marketing Masterclass by Seth Godin
-
Astrology
Vastu Shastra Course
-
Strategy
Succession Planning Masterclass
-
Data Science
SQL for Data Science along with Data Analytics and Data Visualization
-
Artificial Intelligence(AI)
AI and Analytics based Business Strategy
-
Web Development
A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024
-
Marketing
Digital Marketing Masterclass by Pam Moore
-
Artificial Intelligence(AI)
AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills
-
Office Productivity
Mastering Microsoft Office: Word, Excel, PowerPoint, and 365
-
Marketing
Digital marketing – WordPress Website Development
-
Office Productivity
Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis
-
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
-
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
-
Data Science
SQL Server Bootcamp 2024: Transform from Beginner to Pro
Pay the premium
Once the NCB discount is applied, the policyholder can pay the remaining premium amount. It’s important to ensure that the premium payment is made within the stipulated time to avoid any disruptions in coverage.
Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
link