Way to use your NCB with another insurer

You can carry forward the NCB while switching insurers. All you need to do is sign a declaration letter and produce a copy of the renewal notice of the old insurance company, which would state your eligibility for the NCB. You cannot trick your new insurer on claims history as the new insurer would validate important information with the old one.

Within the next six months, the general insurance council will roll out a motor insurance bureau that would keep a track of all the car owners and their claims history. Claim settlement is important.

Claims in car insurance are around 35 percent, far above than that of home insurance at 2-3 percent. Therefore, a customer should consider the claim settlement record of the insurance company before deciding on the cover.

In addition, he should also check if the insurer has a good network of garages since it is vital for cashless insurance.