To add hypothecation in your car insurance, you will have to submit a letter from your bank or an endorsed copy of RC, form 34, PUC certificate, address proof and PAN card of the car owner, valid car insurance policy and receipt of the fee paid for the hypothecation by the RTO. On the other hand, to remove the hypothecation from your insurance, you will have to submit NOC from the lender to the insurance company in addition to form 35, a valid four wheeler insurance plan, and PUCC.