Re: No Claim Bonus Question I have a doubt. I just purchased a second hand Skoda Octavia. The owner of the vehicle has a NCB for 5 years which he wants to use for his new car. Now my confusion is :
a) Dealer says he has cancelled the present insurance and issued NCB for the car owner so that he can go and buy a new car with it. The car owner has paid x value to the dealer and the dealer asked me to pay him 6k so that he can issue me a new insurance for IDV value of 3.5 lakhs on the car
b) After I gave this 6k to the dealer to take insurance from New India Assurance, Reliance Insurance( the original insurer) says the IDV of 5.1 Lakhs which was the new renewed value of the car can be transferred to my name and a NCB issued to the Owner of the car so that neither the IDV value of my car reduces and the owner needs to pay only 4.5k to get the NCB certificate which he can use.
Now I have the sale letter and Dealer wants me to take the new insurance (probably he gets a cut from it) while the Reliance guy says, I am being duped.
Now question I have is, if i show the sale letter and get the Insurance transferred to me and I issue a NCB to the customer paying his amount to him, can I cancel the new india insurance which the new agent has put on me using my ignorance and claim a refund of it? |