DEMYSTIFYING THE PROCESS OF BUY CAR INSURANCE PLANS ONLINE IN INDIA

Over the last few years there has been a faster adoption of online platforms to buy car insurance plans in India. Compared to other forms of insurance acceptance of online car insurance plans have been faster. Even the KYC process in case of online is very less or rather we can say it has actually gone paperless   if you do things on time. If the case it is for a new car the process is really paperless but when the case is of renewal the process become paperless only if you do the renewal on time. If you by mistake have forgotten the renewal date then doing it online, paperless is tough. You may still buy the policy from a website of a particular insurer but not from the insurance comparison website but approval of your policy would solely dependent on the insurer. In case even if the insurer has accepted your policy request you might have to go through the inspection process. In a inspection process a registered inspecting expert would visit your place and analyze the state of your car and based upon the correct IDV of the car would be decided. In case of inspection you generally loose all the benefits which you have enjoyed in the last term of the policy and in this way the insured value of your car become less and you have to pay a higher premium for it also.

Based on parameters discussed the most preferred way to buy or  compare Car Insurance Online Policies India is it online In India you can buy car insurance online through two modes.  The first mode is useful when you want to stick to a particular insurer. You can go that specific insurer’s website and you just need to put your old policy number. As you are an old customer for the insurance company they have all the information about you so you don’t need furnish any further information. You just to click and make the payment of the premium through your preferred mode and you are done. Once the process is completed you can get the updated cover note sent to your registered email and post that after few you get the online copy of your policy and also the hard copy get delivered on your registered address.

On the other hand if you are more a smart customers and understand of the nuances of car insurance and know how can get greater benefit you can prefer to use online comparison websites like myinsurancebazaar.com. Before even you start the process you should always keep your previous policy documents and car registration papers handy so that once the information is asked for you can input it easily. The best part of online insurance comparison websites is that you have an opportunity to customize things as per your need and the software does the rest of the job. The algorithm of these websites pulls up the information from websites of various insurers with their price quote so that you can make a fair decision.  You can also judge on the basis who is costly and who is cheaper but also analyze various plans based upon your plans.

All these revolutionary changes in buy car insurance online plans India space has lead to more benefits for the customers and have made the process more transparent for them