I have earned a No Claim Bonus (NCB) on my Bajaj Allianz bike insurance policy and now plan to buy a new bike. What are the rules for transferring my NCB to the new policy, and what documents will I need?
If you have earned a No Claim Bonus (NCB) on your Bajaj Allianz bike insurance, you don’t lose it when you buy a new bike. The NCB is given as a reward for claim-free years and is linked to the policyholder, not the vehicle. This means you can transfer your NCB benefits to your new bike’s insurance policy.
Rules for NCB Transfer:
1. Transfer to a New Bike: You can transfer the NCB from your old Bajaj Allianz bike policy to your new bike insurance policy.
2. Transfer Across Insurers: NCB can also be transferred if you decide to switch from Bajaj Allianz to another insurer.
3. Time Limit: The transfer must usually be done within 90 days of policy expiry to retain the NCB.
4. Ownership Change: If you sell your old bike, the NCB stays with you, not with the new owner.
Documents Required:
• NCB retention certificate (issued by Bajaj Allianz on request).
• Copy of your previous policy document.
• Sale proof of the old bike (if applicable).
• KYC documents (ID proof).
Official Link:
For more details, you can check directly on the official Bajaj Allianz page here: