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Contributor
Yuvraj Nimje
Posts: 29
Registered: ‎23-08-2017

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

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

2 REPLIES 2
Contributor
Gowri Mulgund
Posts: 31
Registered: ‎23-08-2017

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

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. 
Regular Contributor
Arti
Posts: 199
Registered: ‎30-08-2021

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

Hi , 

You can visits Help section on website , and submit below documents on Transfer of insurence 

  • Registration Certificate (RC) Transferred
  • Transferred Registration Certificate (RC) Copy
    Additional Premium would be required from new owner if there is any NCB.
    Additional Documents:
    Death certificate would be required in addition to be above mentioned documents for Transfer of insurance on account of demise of Insured.
    In case Transfer of Vehicle from Employer (Company) to Employee (Insured Person) , No Objection Certificate (NOC) on Company’s Letterhead with below 2 details ;
    1. No objection to transfer No Claim Bonus (NCB)
    2. No objection to transfer policy

  • Registration Certificate (RC) Not Transferred
  • Form No. 29 and 30 duly filled and signed OR RTO Transfer fee receipt
    No Objection Certificate (NOC) from previous Insured for transfer of policy
    Additional Premium would be required from new owner if there is any NCB.

    Additional Documents:
    Death certificate would be required in addition to be above mentioned documents for Transfer of insurance on account of demise of Insured.

    In case Transfer of Vehicle from Employer (Company) to Employee (Insured Person) , No Objection Certificate (NOC) on Company’s Letterhead with below 2 details ;
    1. No objection to transfer No Claim Bonus (NCB)
    2. No objection to transfer policy