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

Health insurance: IRDAI sets 3-hour time limit for insurers to clear cashless claims. Details here

Health insurance: IRDAI sets 3-hour time limit for insurers to clear cashless claims. Details here

The Insurance Regulatory and Development Authority of India (IRDAI) has made some major changes in the regulatory norms for health insurance policies. The regulator has issued a comprehensive Master Circular on Health Insurance Products repealing 55 circulars. All the entitlements in a health insurance policy available to a Policyholder have been brought in one place … Read more