How to transfer Car Insurance after selling your car to another person | Bharti AXA GI

Car Insurance

Bharti AXA provides a comprehensive cover for your car,so you can drive hassle-free.

Two Wheeler Insurance

Ride worry-free, with Bharti AXA two wheeler insurance plan. 

Health Insurance

Safeguard the health of your loved ones with a wide range of Bharti AXA health insurance plans.

Travel Insurance

Secure your joyous family trips with Bharti AXA international travel insurance cover.

Bharti AXA Home Insurance

Bharti AXA Home Insurance

Bharti AXA SME Package Insurance

Bharti AXA SME Package Insurance

Bharti AXA Commercial Lines Insurance

Bharti AXA Commercial Lines Insurance

Bharti AXA Commercial Vehicles Insurance

Bharti AXA Commercial Vehicles Insurance

Bharti AXA Motor Third Party Insurance - Commercial

Bharti AXA Motor Third Party Insurance - Commercial

Pradhan Mantri Fasal Bima Yojana (PMFBY)

Pradhan Mantri Fasal Bima Yojana (PMFBY)

Bharti AXA Car Insurance

Renew your Bharti AXA car insurance to enjoy your non-stop drive.

Bharti AXA Two Wheeler Insurance

Renew your Bharti AXA Two Wheeler Insurance to continue your worry-free rides.

Bharti AXA Health Insurance

Renew your Bharti AXA Health Insurance and continue to safeguard the health of your loved ones.

Register Claim

Track Claim

BLOGS

FAQS

About Bharti AXA

Branch Locator

Cashless Garages

Cashless Hospitals

Careers

Contact Us

Become A Partner

Become A Partner

Products

Car Insurance

Two-Wheeler Insurance

Travel Insurance

Health Insurance

Motor Third Party Liability

Commercial Vehicle

Commercial Lines Insurance

Bharti AXA SME Package

Home Insurance

Pradhan Mantri Fasal Bima Yojana(PMFBY)

Arogya Sanjeevani

List of products

List of withdrawn Products

Car Insurance

Comprehensive Car Insurance

New Car Insurance Policy

IDV in Car insurance

No Claim Bonus in Car Insurance

Bumper to Bumper Car Insurance

Bike Insurance

Comprehensive Two Wheeler Insurance

IDV in Bike Insurance

No Claim Bonus in Bike Insurance

Bike Insurance Quote

Travel Insurance

Travel Insurance Coverage

Benefits of Travel Insurance

Travel Health Insurance

Travel Insurance Quote

Health Insurance

Cashless Health Insurance

Knowledge Centre

Blog

Infographics

Videos

Travel Guide

Visa Guide

Road Trip

Insurance Glossary

Health & Fitness Guide

Food & Cuisine Guide

RTO Guide

Driving License Guide

Car Manufacturer

Two-Wheeler Manufacturer

Travel Destination

Bharti AXA & YOU

About Us

Careers

Contact Us

Cashless Garages

Cashless Hospitals

Branch Locator

Grievances

Investor Relation Information

Resources

Public Disclosure

Knowledge Centre

Download Center

Media Center

Consumer Education

Electronic Insurance Account

Update IRCTC Nominee

Unclaimed Amount

Sitemap

Notice Of General Meetings

Service Parameters

Suspended Agents

Whistleblower policy

Become A Partner

About Group

AXA Group

Bharti Enterprises

Bharti AXA Life Insurance

Download My Airtel App

Legal

Privacy Policy

Terms of Use

Fraud Risk Management Policy

Equal Opportunity Policy

Most Recent Blogs
blogs/

HealthInsurance

Things that are Not Covered under Health Insurance

18th Jul,2020

blogs/

TwoWheelerInsurance

List Of Non-Gear Bikes You Could Buy On A Friendly Budgeta

13th Jul,2020

blogs/

CarInsurance

Here Is A List Of Documents You Have To Keep In Your Car At All Times

07th Jul,2020

blogs/

TravelInsurance

Are Adventure Activities Covered in your Travel Insurance Plan?

09th Jun,2020

[object Object]
[object Object]
Travel

Travel Insurance

Health

Health Insurance

Two-wheeler

Two-wheeler Insurance

Car

Car Insurance

Disclaimer : The information published on this website is for the public′ s reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel,services, or any other items mentioned on this subject for any purpose whatsoever.
Explore Our Products
130+ COUNTRY WIDE PRESENCE
COVERS ALL TRAVELS RELATED DISASTERS
FLEXIBLE PLANS FOR YOUR NEEDS
24/7 ASSISTANCE WORLDWIDE
null/

How to transfer Car Insurance after selling your car to another person

If you possess a car, it is mandatory for you to get a car insurance policy in India. That apart, it is also a very sensible thing to do as it will protect you financially not just in the event of an accident, but also against thefts and damages caused by natural disasters. However, there comes a time when you would wish to sell off your car. It may be for any number of reasons, such as upgrading to a newer model, or if you are relocating, or even if you simply don’t need a car anymore. Moreover, selling your car will directly impact the insurance cover you have on it. When you sell your car, you do not just have to transfer the ownership of the car, but you also have to transfer the car insurance policy on it or recommend the buyer to take out a new car insurance policy. Let’s look at the process of selling a car in more detail.

Transferring the ownership of your car

When you sell your car, you will have to transfer all the documents related to the car to the new buyer. These documents include the registration certificate of your car, the form 29/30, the taxation certificate, the PUC certificate, a declaration stating that you are selling the car, a copy of the existing car insurance policy, and a no objection certificate.

Transferring the car insurance policy

At the time of selling your car, if you are entitled to a no-claims bonus, you can reserve it, and avail the bonus whenever you buy a new car and a new policy with it. If you are selling your car on which you have already paid an insurance premium which is valid for some more months, you can factor that in a while putting a value on the car you are selling and claim it from the buyer. However, you will have to avail your no-claims bonus within three years, after which it will stand nullified.

Advise the buyer to buy a new car insurance policy

If at the time of selling your car, the insurance policy on it is close to renewal time, you should recommend the buyer to take out a new car insurance policy. It is relatively easier to take out a new insurance policy at the time of buying a used car, as later the process will be more cumbersome for the buyer. Online car insurance premium calculators can be of great help at such times.

Ensure that the transfer of insurance is properly complied with

You should ensure that the insurance policy is transferred properly in the best interest of both you and the buyer. If the transfer of insurance is not done properly, the buyer will not be able to claim any damages in case of a mishap, while at such a time, it is you who may be held liable.

While buying or renewing a car insurance policy, take a look at the various car insurance plans that Bharti AXA has, as they offer comprehensive coverage at very reasonable premiums. They are also very efficient when if comes to settling claims.