NCB CAR INSURANCE
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Why might an insurance company deny your claim during the monsoon?Sandeep Saraf answers
A comprehensive policy does not guarantee that all flood-related damages will be covered. Multiple types of damages can occur during a flood, such as engine damage, electrical damage, interior damage due to water seepage, or gearbox damage. A normal comprehensive package covers these to some extent, but not 100%. We recommend a few add-ons for every customer purchasing a car insurance policy.
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Understanding liability in vehicle insurance: What car and bike owners should know
Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comprehensive protection and peace of mind.
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How to claim no claim bonus on new car insurance
If the car buyer has earned a no-claim bonus (NCB) on his previous car policy, this can be claimed on the insurance premium for the new car.
![How to transfer no claim bonus of motor insurance policy to a new vehicle](https://img.etimg.com/thumb/msid-103803916,width-100,height-75,resizemode-4/wealth/insure/motor-insurance/how-to-transfer-no-claim-bonus-of-motor-insurance-policy-to-a-new-vehicle.jpg)
How to transfer no claim bonus of motor insurance policy to a new vehicle
When a policyholder purchases an insurance policy, he receives an NCB certificate, and it is now up to him whether or not he files any claims within the policy year.
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Long-term Third-Party, Own Damage motor insurance cover proposed: Know proposed features, price, premium
In order to allow the policyholders a wider choice, IRDAI has proposed to permit all general Insurers to offer long-term motor insurance policies — a) 3-year in respect of private cars co-terminus with motor Third Party Liability cover, b)5-year in respect of two-wheelers co-terminus with motor Third Party Liability cover.
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Wider choice: Irdai proposes 3 years insurance cover for cars & 5 years for two-wheelers
The draft proposes to permit all general insurers to offer 3-year insurance policy in respect of private cars and 5-year for two-wheelers, co-terminus with motor third party liability cover.
5 things to know about no claim bonus (NCB) in car insurance
NCB is linked to the policyholder and not to the vehicle. It can be switched from one car to another.
Here’s how you can make your car monsoon-ready this season
Car Insurance is must this monsoon for you to avoid any financial damage due to unexpected circumstances
Know why add-on covers are beneficial to car owners
Add-on covers are designed to enhance overall motor insurance and give comprehensive coverage for damage or loss of car keys, tyres and rim, repair or replacement of consumable items and so on.
10 ways to reduce car insurance premium
You can bring down the premium of your comprehensive insurance not only by customising your cover, but also by being aware of several other factors. Here are some ways in which you can bring down your car insurance premium.
New vehicle owners will have to buy these insurance covers as long-term motor policy will go from Aug 1
Customers buying new vehicles will likely have to mandatorily buy a 3- or 5-year long-term 3rd-party motor insurance for cars and two-wheelers, respectively. They also have the option to buy a standalone annual OD policy separately from any insurer.
Can NCB discount be claimed when buying motor insurance policies issued under sandbox regulations?
Under the regulatory sandbox guidelines, many insurers have come up with new motor insurance policies based on the concept of how much you actually drive your car. These types of motor insurance policies can help you save on premiums significantly.
How to use NCB of old car insurance to reduce new car policy premium
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.
Six ways your motor insurance policy is set to change. Here's how it could affect you
The Insurance Regulatory and Development Authority of India has released draft rules to revisit the current own damage product structure of motor insurance policies. Here are six key changes that you need to be aware of.
When not to file a car insurance claim
It should be remembered that the NCB discount is only given on the 'Own Damage' portion of the total premium and not on the 'Liability' portion.
How to choose long-term car insurance policy
Post Supreme Court and Irdai orders, several long-term motor insurance policies have hit the market. Find out how to choose the best combination.
New third-party motor insurance rules: Who pays more and what happens to NCB
Following a Supreme Court order, the insurance regulator has asked all general insurance companies to offer long-term third-party motor covers.
How to use no claim bonus while buying insurance for new car
The existing car, which is eligible for NCB, must be sold either to the dealer or a third party for the NCB to be transferred to the new car.
Insurance queries: Can you transfer insurance in your name after buying a pre-owned vehicle?
You may get the benefits of the NCB even if you change your insurer on renewal. A proof of NCB earned on your previous policy copy needs to be produced.
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