A No Claim Bonus (NCB) is a reward discount given by insurance companies on your renewal premium if you haven’t made any claims during the policy year. It varies from 20% to 50% and is fully transferable to a new car since the bonus is owned by the driver or owner rather than the car.

To check a car’s accident history, inspect the body panels for uneven gaps, mismatched paint shades, or ripples under the paint. Look closely at the welding lines inside the engine bay and trunk. You can also request a detailed vehicle history report using the car’s registration or chassis number, and check if the insurance policy has a “No Claim Bonus” (NCB) intact.

It is safe only if the existing loan is properly closed before the transfer. In order to receive a Loan Clearance Certificate or a No Objection Certificate (NOC) along with Form 35, the seller must settle the outstanding balance with their bank. Once the bank removes the hypothecation (HP) from the Registration Certificate (RC), the car can be safely transferred to your name.

Generally, a well-maintained car drives about 10,000 to 15,000 kilometers per year. Therefore, a 5-year-old car with an odometer reading between 50,000 and 75,000 km is considered ideal. However, the car’s overall service history and how well it was maintained are often more important than the exact number on the dashboard.