Hack When Buying New Car. Explaining Transfer Of No Claim Bonus In Simple Words.

So you just bought a new car or are planning to change your car. You’ve been using your current car for almost 6 years now without ever getting into an accident or damaging your car. Kudos to your driving skills.

Now guess what? You can use this fact to get 50% discount on your new car insurance as well. Why? Coz insurance companies love people who don’t make any claims. As a reward they give you discounts on your own damage cover.

Caveat: You get a 50% only if you insurance cost of the new car is the same as that of the old car. If you’re currently driving an i10 and then shift to an Audi Q7 obviously, they won’t give you a 50% discount on the Audi Q7 car insurance.

The discount is only on the own damage cover and not for third-party insurance.

How to get it?

Just get call up your current insurer and ask them to give you a NCB retention letter within 90 days of the sale of the old car. You can use this for upto 3 years. If you’re changing your insurance company then also get a NCB transfer letter.

If you’re buy the insurance online on platforms such as PolicyBazaar, Insurance dekho etc, you can choose the NCB discount that you’re eligible for before making the payment.

➡️ Do not forget to do this! It’s easy savings of a few thousand rupees. Have you used this before. Please comment below 👇🏻
.
.
.
.
.
.
.
.
#financewithsharan #carinsurance #vehicleinsurance #insuranceagent #insuranceagency #insurancetips

[bhuvana]

The interest of 70 lakhs swiped from credit card laughing in the corner waiting for next month 😂😂😂😂

[jaygupta]

He literally revealed the strategy of so called instagram reelers who showcase their fake lifestyle by taking it for an hour😂😂

[nsyuvi]

70 lakhs credit card limit🤣🤣 this man is mallya now

[mohitchauhan]

Man is purchasing a car worth 70 lakh and looking for a discount of 50% on insurance. Even more surprisingly he is purchasing it with his credit card. Wow, he is living in different world.

[prashantnegi]

"Leave after you heard jaguar because you don't have one "

[spymadmax]

BTW the discount is only for insurance lol not for the car 😂😂

[heckersfather]

Bro got the whole insurances department behind his ass 😂😂💀💀

[madgfx]

Explain yourself - josh otusanya “meh eh eh"

[-JUNIOR]

Sharan:How do you know this
Me:I follow Josh otusanya mayaya

[thewanderingbong]

NCB will be 50% until the end of the insurance period, generally 1 year
I have claimed NCB 3 times in the past

[surveyorstudy]

NCB is only for own damage cover only. Not on full amount of insurance🤣

[ehanshihabudeen]

Legend says that’s they still say “ it’s because I follow (someone)”

[vishverma]

70 Lakh limit on ICICI Coral card? 😂😂😂

[hasio]

Bro started doing a supermove at the end💀

[shashankchaurasia]

Man i am huge fan of yours though i am doctor by profession and I understand nothing about finances and short forms u says like SIP etc etc but i get the gist kf things u trying to teach…

[Shivamsanjaylohar]

I liked how he used Hitar's moustache for a german car brand owner

[gladwinfredyson]

Saran not going to invest or do anything with money because I don't have that but watching your videos are so interesting, informative, funny and video I watch 6 -7 times just to enjoy it

[The.coalcapital]

If someone buy such expensive car then surely he has a team for such suggestions

[Fahab-ryxz]

70 lakes from credit card can’t even buy a car with credit car me sitting here as a 13 yo 😂😂😂😂😂

[DARLING_PLAYS]

every time I open YouTube
:new adviser spawned 💀