You can utilize the no claim bonus (NCB) procured on the extensive protection strategy of your current or old vehicle to diminish the top notch payable when you purchase far reaching protection for another vehicle. All it requires is some arranging and it's justified, despite any trouble since, supposing that you have a 50 percent NCB you can get that much markdown on the colossal Own Damage (OD) protection premium (Saving of around Rs 9, 700 on Rs 7.75 lakh of vehicle's IDV (safeguarded proclaimed worth)) normally payable on purchasing another vehicle. There are two situations in which you can utilize it.
1. On the off chance that you have procured NCB on your old vehicle which you sell and afterward purchase another vehicle: In such a circumstance you can hold the NCB on the thorough engine protection strategy of your old vehicle even after you sell your vehicle and move the protection strategy to the vehicle purchaser. You would then be able to utilize the held NCB (a declaration is given) when purchasing another thorough engine protection strategy for your new vehicle and take a tremendous rebate on the top notch payable.
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