SACHA ADVICE. ACHA ADVISOR.
back arrow Back

Motor Insurance transfer

reply Share
25 May, 2023 by  Aman Aggarwal

Hello, 

I have bought a second hand vehicle in the previous month which already has a pre existing motor insurance policy from ICICI Lombard


I raised request to the company that since RC records have been updated, kindly proceed to transfer insurance in my name. 

In reply, the company is asking me to pay an exorbitant amount of Rs. 1264 without any basis for the charges.


I checked on IRDA website and it says that a nominal fee (if any) is to be paid for transferring insurance to a new buyer.


There is no basis provided nor any detail is mentioned on the company website as to how the amount is arrived at.


Kindly advise on the same as to how I should proceed further.

like like
0
Opinion

0 Answer

Post

Tired of dealing with call centers!

Get a professional advisor for life!

LIFETIME FREE

Rs. 1799

or

Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2023 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂