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 2 263 55 66.
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.
If you need any help or want to contact us, you can Call us on 2 263 55 66.