First of all a warm welcome to all of you on your favorite blog. In the previous post we had known that "Which is the best health insurance company in India Today we will know in this post, "How to get the best car insurance online". So let's know.
In this article, we will learn how you can get car insurance online. What are the documents required for online insurance.
What are the benefits of getting online car insurance. There are also some other things that should be kept in mind while taking online car insurance.
You can buy online car insurance in two ways
You have two options to buy car insurance online.
- Through the website of the insurance company
- Through Aggregator Companies
Car insurance through the website of the insurance company
Nowadays, almost all insurance companies have started making their products available online.
Here we are giving the names of the major general insurance companies of India that insure the cars and the links of their websites-
- New India Assurance Company Limited - www.newindia.co.in
- United India Insurance Company Limited- uiic.co.in
- National Insurance Company Limited –nationalinsuranceindia.nic.co.in
- ICI Lombard –www.icicilombard.com
- The Oriental Insurance Company Limited-orientalinsurance.org.in
- Bajaj Allianz – www.bajajallianz.com
- HDFC ERGO-www.hdfcergo.com
- Tata AIG - www.tataaig.com
Car insurance through aggregator companies
An Aggregator Company is a company that does not sell any of its own products to customers. Instead, she makes others' products available through her website.
In return for providing this service, she takes her commission.
There are also many such companies in India that work as insurance aggregators. They offer evaluation and comparison of the products of other insurance companies.
The customer chooses from among those products according to his need. There is also a link to buy that product on the aggregator itself.
When someone takes a policy from an insurance company through this link, the aggregator gets a commission.
The names of some of the companies working as aggregators in the field of auto insurance in India are as follows.
Take care Insurance Aggregators are recognized by the Insurance Regulatory and Development Authority of India (IRDAI) for only 3 years at a time.
You can see the list of which insurance aggregators are currently valid on the IRDAI website. For this you can use this link-
Documents required for online car insurance
To buy an online car insurance policy from a company, you need the following documents-
- Photocopy of your driving license
- Documents related to the registration of your vehicle, along with a photocopy of RC (Registration Certificate)
- Your address proof
- A Cancel check, if you opt for EFT (Electronic Funds Transfer) to pay the premium
- Documents of your existing policy (if renewing insurance or changing insurance company)
Online car insurance buying process
As we mentioned above that all the major general insurance companies provide online insurance facility on their websites. By completing some easy steps, you can buy car insurance in minutes.
Step 1: First of all, you have to fill a form regarding your vehicle. In this, information about the type and make of your vehicle has to be given. On the basis of this, it is decided how much premium (installment) will have to be paid by you.
Step 2: After this you are asked for personal information about yourself (Your personal details. For example Your Name, Your Address, E-mail ID, Mob. No. etc.
Step 3: Now it is time to pay the premium of the policy. You can pay by Debit/Credit Card, Netbanking or UPI as per your convenience.
How to Renew Car Insurance Online
The process of renewing car insurance is also very similar to buying a new policy. Nowadays many insurance companies are providing the facility to renew insurance online. Here we are giving the process of Online Insurance Renewal as a sample-
Step 1: You have to go to the website of the insurance company and select the insurance renewal online form. In it, fill in the details sought in relation to your previous policy.
Step 2: After this, by going to the next page, you will see the details of the new policy. Approve its Rules and Regulations.
Step 3: Now you get the option of paying for the policy. You can pay through your Debit/Credit Card or Online Bank Account. With this, the renewal of your policy is completed.
Insurance Has To Be Renewed Before Expiry
According to the rules, before the completion of the term of the vehicle insurance policy, it should be renewed.
However, even after the completion of the term of an insurance policy, a grace period is available. Depending on the company, it can be from 3 to 30 days.
Even if you renew the policy during the grace period, then you are saved from the penalty.
New insurance has to be done after the grace period
Even after the grace period, if you have not renewed the insurance, then you have to take a new insurance policy. And the new policy is expensive than the previous policy.
Apart from this, you will not be able to get many benefits due to the previous policy. No Claim Bonus will not be available. Valuation of your vehicle will be done again in a new way.
You also have to pay fines and late fees for the lapse time between the two policies, and yes, if you have a serious accident with your car during this time lapse, then all compensation will be given to you.
Will have to fill in. This damage will also be commensurate with the status of the person who has suffered damage from your vehicle. Similarly, even if the car is completely destroyed or stolen, you will not get any kind of help.
Things to keep in mind before getting car insurance
Where are you getting discounts?
Car insurance companies announce discounts on their policies from time to time. Keep an eye out for such announcements.
Even while insuring, see that the offer of any company is not running. If the coincidence is good, then you can get good savings on your premium.
IDV calculated correctly?
While taking the policy, also keep an eye on whether the insurance company has put the Insured's Declared Value (IDV) of your vehicle properly or not.
This is the amount that you can get if your vehicle is completely destroyed or stolen in an accident. Your premium installment also depends on the IDV of your vehicle.
Choose the deductible wisely
A good car insurance should have a better combination of premium and deductible. The deductible is actually the part that you pay on your own behalf when the car is repaired.
The higher the deductible you choose, the lower premium.
Choose the best riders
Riders are a type of add-on covers, with the help of which you can customize your insurance plan according to your needs.
The better riders you can choose, the better your insurance plan will be.
Know the claim process
Just choosing an insurance policy with high benefits is not enough. It should also be timely and deliverable. That is, what is the company's method for settling the claims?
Also find out how the company's record is in claim settlement. Your insurance company should have a good customer support facility.
Is there an online renewal process or not?
After the end of the car insurance period, he will also have to get it renewed. It would be better to choose a policy from a company that is providing online renewal facility.
Otherwise you will have to take separate time to get renewed and you will have to worry.
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