Shreyaa Kapoor

Shreyaa Kapoor Instagram – An NCB retention letter, also known as an NCB certificate, is a document that confirms that you have not made any insurance claims during the policy term. It is valid for three years. 🙌🏼

Once you sell your car, it helps you get discounts on premium when buying a policy for the next car. Even if you transfer the ownership of your policy to that person, the NCB is non-transferrable to the buyer and stays with you. ✅

To get an NCB retention letter, you can:
– Contact your insurer and request an NCB certificate
– Submit forms 29 and 30, along with relevant sale documents of your car (Forms 29 and 30 are used to transfer the ownership of a vehicle. Form 29 is a declaration from the seller, while Form 30 is a declaration from the buyer)
– Provide a cancellation letter from your previous insurer that states your no claim bonus.

Format inspired from @gauravmotivegroom 🫶🏼

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[Car selling, car, insurance, vehicle insurance, NCB, insurance tips, NCB retention letter] | Posted on 12/Dec/2023 20:00:05