Car insurance renewal online

An easy, quick, and easy way to renew your auto insurance policy online

What Is Car Insurance Renewal?

Without a doubt! The car is not just an asset but a miracle in its true sense. The satisfaction that comes from driving and driving your own car is beyond words. Although you have made every effort to protect yourself from accidents and the financial impact of theft or car accident through auto insurance, be sure to renew your policy each year.

Auto insurance renewal refers to the process by which you pay premiums to ensure that your policy is enforced and that you continue to receive benefits. Gone are the days when you had to physically go to your insurer's branch to renew your car insurance. Now you need one or two taps on your mobile phone!

When everything from shopping to ticket booking is done online, why not renew your car insurance? As one of the leading general insurance companies in India, Bajaj Allianz offers an online car insurance renewal service where you can renew your policy with just a few clicks. Smooth and hassle-free, we complete car insurance renewals faster than Ferrari!

What is Car Insurance?

Car insurance is an agreement between a car owner and a general insurance company that promises protection to the latter car owner against financial losses that may result from his car accident. Depending on the scope of coverage, there are 3 types of car insurance policies: third-party car insurance, stand-alone personal loss (OD) car insurance, and comprehensive car insurance. To continue to enjoy the benefits of these policies, policyholders must implement timely auto insurance renewals.

Types of Car Insurance

• Comprehensive Car Insurance

A comprehensive car insurance policy is the most comprehensive car insurance coverage under which an insurance company is liable for the financial liability of a third party as well as for the payment of its insured car losses. In addition to traffic accidents, this policy applies to natural disasters, man-made disasters, self-immolation or lightning strikes, explosions, fires, thefts, etc.

• Third-Party Car Insurance

A third-party car insurance policy is a condition for driving in India. This is the most basic car insurance plan and as such, it is also known as a car insurance policy only. As part of this guarantee, the insurance company is responsible for the death of a third party in the event of a physical injury, permanent disability, or temporary disability in a road accident. The scheme also offers coverage of property damage up to Rs 7.5 million.

• Own Damage Car Insurance

In September 2019, the Insurance Regulatory and Development Authority of India (IRDAI) introduced the Sandstone Own Damage Car Insurance Policy. Under this scheme, the insured is provided insurance coverage only for damage to his four-wheeler in case of road traffic accident, natural/man-made disaster, fire, explosion, theft, or any other accident. The purpose of a self-damaging auto insurance policy is to give the insured the flexibility to choose the insurance provider of their choice.

Benefits of Car Insurance?

Auto insurance offers many benefits to its policyholders. The main advantages are:

1. Helps You Stay Legally Compliant

Car insurance helps you legally comply with the Indian car tariff, every car owner must have at least a third-party car insurance policy. Failure to do so may result in a fine of up to Rs 2,000 and/or imprisonment for up to 3 months.

2. Protection Against Third-Party Liabilities

A car insurance policy helps you reduce the liability of third parties, such as physical injury, temporary/permanent disability, death, and property damage. Compensation for damage to third-party property is limited to Rs. 7.5 lakhs, there is no limit for third-party compensation for bodily injury, disability, or death.

3. Protection Against Own-Damages

A car insurance policy helps you to be financially safe from the cost of your car damage. Damage related to traffic accidents, natural disasters, man-made disasters, fires, explosions, vandalism, etc. Stand-alone losses are covered under a comprehensive automobile insurance plan.

4. Coverage Against Theft

A car insurance policy also provides coverage if your car is stolen. If your car is stolen, your insurance company will provide you with an insured declared value (IDV) of your car, which is equal to the market value of your car.

5. Personal Accident Cover

With a car insurance policy, you can also get personal accident cover of up to Rs 1.5 million which provides cover for death, personal injury as well as policyholder disability. Car accident insurance.

Car Insurance Companies in India 2022

1. Bajaj Allianz General Insurance
2. Bharti Axa General Insurance
3. Hdfc Ergo General Insurance
4. Icici Lombard General Insurance
5. Iffco Tokyo General Insurance
6. General Insurance Box
7. National General Insurance
8. New India General Insurance
9. Reliance General Insurance
10. Sbi General Insurance
11. Tata Aig General Insurance
12. United India General Insurance
13. Universal Sompo General Insurance

How to Buy Car Insurance Online?

1. Fill Your Car Details: Provide details about your car such as its Make, model, etc. To see the prices of car insurance offered by top insurers in India.

2. Compare Car Insurance Quotes: Out of all the available car insurance, choose the one that suits your budget and your needs.

3. Make Payment Online: Pay the policy premium online and deliver your auto insurance document to your inbox immediately.

Benefits of Buying Car Insurance Online

Buying auto insurance online is a common practice these days. With online 4-wheeler insurance, you can insure your car against any damage caused by an accident, theft, fire, etc. In less than 2 minutes. If you are wondering why most people prefer to buy four wheeler insurance online, check out the benefits below:

• No More Agents

Buying offline insurance policies involves agents trying to sell you products instead of offering you a better policy than any other insurance provider. Buying a new car insurance policy online will eliminate these agents and you can buy the best policy after comparing different plans offered by different insurance companies.

• Zero paperwork

Another advantage of buying an online four-wheeler insurance policy is the absence of paperwork. Unlike offline mode where you have to fill multiple forms, the online mode allows you to fill all forms online. You can also scan the application process and upload the required documents online without any paperwork.

How to Renew Car Insurance Online?

The auto insurance must be renewed to get uninterrupted benefits. Therefore, you should make sure that your car insurance expires before it expires. Follow these steps to renew your car insurance online.

• Go to the Auto Insurance Renewal section.
• Enter the required details on the page, such as your policy number, mobile number, date of birth, etc. And submit them.
• Choose the 4 wheeler insurance plan you want to buy.
• Select additional riders or courses you would like to purchase or remove (if applicable)
• The amount of premium you need to pay will be displayed on the page.
• Pay insurance premiums online via credit card, debit card, or net banking.
• Once the payment is made, your auto insurance policy will be renewed.

You will receive a policy document for your renewed auto insurance on your registered e-mail ID. You can also download a copy of the policy document and get a printout whenever you want.

The Benefits of Car insurance renewal online

The new car insurance policy has a term and after it expires, you will need to renew it to insure your car. You can renew your car insurance policy offline or online. While many of us still follow the traditional way of renewing an offline policy, opting for online auto policy renewal is preferable. Here are some benefits of renewing your auto insurance online:

Simple Policy Customization: You can easily customize your car policy by updating it online. You can increase your coverage by adding ads to your policy. However, before finalizing your policy with Add-ons, you should keep in mind that the premium largely depends on what type of cover you purchase.

Secure Renewal / Purchase Process: Online car insurance renewal is a simple process with all the required information available on the web. This transparency allows you to make informed decisions. In addition, payment through secure payment gateways ensures that your personal and important information is not leaked anywhere. Therefore, it protects you from the dangers of any fraud.

Documents Required for Filing a Car Insurance Claim

1. Copy of Police FIR
2. Claim form duly signed by the policyholder
3. Fitness Certificate for commercial vehicles
4. Driving License
5. Car Registration Certificate (RC)
6. Insurance documents with the endorsement

The insurer will settle your claim within one week from the date of submission of all required documents.