Can I transfer the No Claim Bonus (NCB) of a motor insurance policy to a new owner?

Can I transfer the No Claim Bonus (NCB) of a motor insurance policy to a new owner?

When selling your vehicle, you must transfer the associated insurance as well. This is because motor insurance is tied to the vehicle, not the owner. Failing to transfer the insurance policy can lead to legal issues if any damage involves a third party.  While transferring a motor insurance policy, one of the common concerns is … Read more

Here’s how you can lower your bike insurance premium by avoiding minor claims

Here’s how you can lower your bike insurance premium by avoiding minor claims

Bike insurance premiums can increase significantly if you make frequent claims, especially for minor accidents and damages. Insurance companies view multiple claims as indication of higher risk and charge higher premiums from such policyholders. However, there are some steps you can take to avoid making unnecessary claims and keep your premium costs low. Rakesh Goyal, … Read more

PhonePe users can buy bike and car insurance policies from this insurer on its platform

PhonePe users can buy bike and car insurance policies from this insurer on its platform

ACKO General Insurance has joined forces with PhonePe to offer comprehensive car and bike insurance products directly to consumers on the PhonePe platform. This partnership marries ACKO’s customer-first approach with PhonePe’s massive distribution network, making insurance a readily accessible financial category for its users. An ACKO press release states, “The collaboration will also see ACKO … Read more