Quote:
Originally Posted by jalesho  Since I know the insurance officer personally, he promised me that I pay the entire premium (without the No claim bonus) and he will send me a cheque of the No claim bonus later. |
Quote:
Originally Posted by DieselFan You have been duped my friend. There is |
Nope, it isn't a fraud at all. Jalesho has been adviced correctly. I have seen this practice several times, where the entire premium is paid upfront and a refund (NCB difference amount) is issued after 30 days. Most probably cause is a delay in issuance of the NCB certificate, sale of car etc.
Quote:
|
Now I am planning to buy another new car. My question is can I use this No claim bonus of my existing car while buying the new car?
|
Nope. Technically, you need to sell your existing car before transferring it to a new car. There are workarounds though. Look up Ajmats brilliant article on NCB.