How do I transfer my policy to new buyer of my car?

[Yuvraj Nimje]

How do I transfer my policy to new buyer of my car?

[Gowri Mulgund]

Once the car is bought by the new owner, the policy of the previous owner does not remain valid. According to the Insurance Regulatory and Development Authority of India, in case a claim has to be filed, the name and address on both the registration and insurance documents have to match. 

The following documents as required for car insurance transfer:

1. New copy of the registration certificate/form 29.
2. Old policy document.
3. No Objection Clause (NOC) from the previous policy holder.
4. New application form.
5. Inspection Report (to be carried out by the insurance company).
6. No Claims Bonus difference amount.