The insurance policy and terms are arrived at based upon the profile of the owner/driver. When the ownership of the vehicle changes, AXA will cancel the existing policy and issue a new policy based upon the unique profile of the new owner/driver.
The traffic department will only register a vehicle in the name stated on the insurance certificate. The Policyholder must have a financial interest in the vehicle.
A “No Claims Discount (NCD)” is a reduction in your insurance premium for proving that you are claims free.
To prove that you are claims free, you must obtain a letter from your previous insurance company.
As part of the online process, AXA will ask you to declare the number of years you have been driving without a claim. When finalizing the policy, you will be asked to upload a scanned copy of your NCD letter.
The amount you will have to pay towards any non-recoverable claim.
Yes, you will get a refund if you cancel your policy provided that there have been no “non-recoverable” claims made against your policy within the policy period.
In order for AXA to cancel your motor insurance, please provide a copy of the transfer certificate issued by the traffic dept. For further assistance, please contact us on 496 7383.
If you need any help or want to contact us, you can Call us on 496 7383.