If you’ve sold your old bike or recently bought a used one, transferring the insurance policy is just as important as transferring the RC (Registration Certificate).
Many owners forget this step, assuming insurance automatically moves with the vehicle - but legally, the new owner must get the policy transferred within 14 days of purchase.
Failing to do so can lead to claim rejections or liability disputes after an accident.
In Hyderabad, Telangana, PolicyBachat helps you easily transfer bike insurance online with updated owner details, ensuring both parties stay protected under IRDAI and RTO regulations.
This guide explains how to transfer insurance correctly, how to retain your NCB, and what documents you’ll need for a smooth ownership change.
Why Transfer Insurance Is Important
- Protects the new owner from legal and financial risks.
- Ensures coverage continuity after ownership change.
- Transfers policy benefits like IDV and add-ons.
- Prevents claim rejection in case of accident post-sale.
- Helps the old owner retain their NCB for the next bike.
Legal Deadline & IRDAI Rule
- As per IRDAI and RTO norms, the buyer must transfer insurance within 14 days of bike purchase.
- During this period, third-party cover automatically continues for 14 days.
- After 14 days, if policy isn’t updated, the insurer can reject claims or void coverage.
Documents Required for Insurance Transfer
| Document |
Purpose |
| Original Insurance Policy |
Proof of active coverage |
| RC (Registration Certificate) |
Ownership verification |
| Sale Agreement or Form 29/30 |
Legal proof of sale/purchase |
| New Owner’s ID Proof |
Address verification |
| Transfer Fee Receipt (if applicable) |
Proof of RTO transfer |
| NOC from Seller (if required) |
Confirms handover of vehicle |
Step-by-Step: How to Transfer Bike Insurance
- Submit Transfer Request
- Contact your insurer or use PolicyBachat’s “Transfer Insurance” portal.
- Fill in details: policy number, old & new owner names, RC number, and sale date.
- Upload Required Documents
- RC, ID proof, sale agreement, and old policy copy.
- For digital transfer, scan and upload via insurer’s website.
- Pay Transfer Fee
- Some insurers charge ₹150–₹250 for ownership transfer.
- Payment online or via UPI.
- Policy Verification
- Insurer verifies ownership change from RTO.
- Updated e-policy issued in the buyer’s name.
- Get Confirmation
- Buyer receives a new policy PDF; seller receives NCB certificate.
Total Process Time: 1–3 working days.
How to Retain Your No Claim Bonus (NCB)
The NCB belongs to the policyholder, not the vehicle.
- Request an NCB Certificate from your insurer before transfer.
- Use it to claim discount on your next vehicle’s policy.
- Valid for up to 3 years from sale date.
Example: If you had a 50% NCB on ₹1,200 OD premium, your next policy gets ₹600 off.
Difference Between Transferring & Buying New Policy
| Aspect |
Policy Transfer |
New Policy |
| Cost |
Nominal transfer fee |
Full new premium |
| NCB Retention |
Old owner keeps it |
Not applicable |
| Coverage Continuity |
Seamless |
Fresh start |
| Claim History |
Retained |
Resets |
| IDV Adjustment |
Optional |
Recalculated |
Common Mistakes to Avoid
- Forgetting to transfer policy within 14 days.
- Assuming policy auto-transfers with RC.
- Not getting NCB certificate before selling.
- Ignoring add-on transfers - they must be revalidated.
- Buying a used bike without verifying valid insurance.
Local Insights for Hyderabad
- Avg. used-bike transfer time: 4 days.
- % of buyers transferring insurance on time: 72%.
- Top insurers with fastest online transfers:HDFC ERGO, ICICI Lombard, Bajaj Allianz.
- Most sold used bike models in Delhi: Bajaj Pulsar 150, TVS Apache RTR 160, Honda CB Hornet 160R.
Benefits of Transferring Online via PolicyBachat
- 100% digital process - no paperwork.
- Instant policy updates with new owner details.
- Automatic claim record transfer.
- NCB retention support for sellers.
- Live tracking and support from insurance specialists.
Get Your Two-Wheeler Covered Today →
FAQs
Is it mandatory to transfer bike insurance after selling?
Yes, required within 14 days as per IRDAI rules.
What happens if I don’t transfer?
Claims can be rejected, and seller may be held liable.
Does NCB transfer to new owner?
No, NCB stays with original policyholder.
Can I transfer insurance online?
Yes, through PolicyBachat or insurer’s website.
Do I need to visit the insurer’s office?
No, digital uploads are accepted.
Is there a transfer fee?
Usually ₹150–₹250 depending on insurer.
Can I transfer add-ons like Zero Dep?
Yes, if bike still qualifies (under 5 years old).
How long does transfer take?
Typically 1–3 days.
Does insurance transfer automatically with RC?
No, you must apply separately.
Can I buy a new policy instead?
Yes, but you’ll lose existing claim history and benefits.
Can I transfer expired insurance?
No, renew first, then transfer.
What happens to existing claims?
Handled by seller’s insurer before transfer completion.
Can I keep old policy for proof?
Yes, for NCB claim and record.
Can both parties apply separately?
Only the buyer needs to complete transfer; seller provides consent.
Do electric bikes follow same transfer rule?
Yes, identical for all two-wheelers.
Customer Reviews
- “Transferred insurance online after selling my Pulsar - super easy.” - Siddharth Rao, Bengaluru
- “Bought a used Activa - updated policy same day.” - Neha Venkatesh, Chennai
- “Didn’t know NCB stays with seller - great explanation.” - Farhan Pathak, Pune
- “No paperwork, got new policy in my name instantly.” - Meera Kulkarni, Delhi
- “PolicyBachat transfer tool made it effortless.” - Amitesh Paul, Kolkata
- “Saved time and confusion during ownership change.” - Rakesh Iyer, Hyderabad
- “Used this guide while buying a used scooter - spot on.” - Divya Menon, Mumbai
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