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Records in this category
- What's IDV and how is it determined?
- What is voluntary deductible option?
- If my No Claims Bonus (NCB) has been earned in another country, is it still acceptable?
- Do the years I’ve spent driving a company car count towards my No Claims Bonus?
- What is No Claims Discount (NCD) or No Claims Bonus?
- If I am buying a new car, how do I transfer my existing policy over to the new vehicle?
- What is the procedure for Transfer of Insurance?
- How do I add/ delete the Hypothecation in my Car policy?
- How should I change the registration address or any vehicle information on the policy?
- What happens to my car insurance when I sell my car?
- What is the status of Car Insurance in case of death of Registered Owner during the validity of policy period?
- What will be Personal Accident claim status in case person has more than one vehicle in his name and has taken coverage for owner driver in all the policies?
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Car Insurance » General
ID #1113
Do the years I’ve spent driving a company car count towards my No Claims Bonus?
The percentage of NCB earned on a vehicle owned by an institution during the period when it was alloted to and exclusively operated by an employee should be passed on to the employee if the ownership of the vehicle is transferred in the name of the employee.
This will however require submission of a suitable letter from employer confirming that prior to transfer of ownership of the vehicle to the employee,it was alloted to and exclusively operated by the employee during the period in which the NCB was earned.
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Last update: 2010-12-13 12:25
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Revision: 1.2
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