Is the No Claim Bonus transferable?
If you have not made any claims in your current policy and wish to shift from one insurance company to another when it is time to renew the policy, you have no reason to worry about your No Claim Bonus. It would get transferred to the new insurance company that you are going with. Please note that you need to submit proof of the No Claim Bonus of your policy while submitting the new policy papers to the new insurance company. You should also check with your insurer to provide you with a letter addressing the bonus accumulation in your policy.