All section Close
Image Credits: Canva
Is Buying or Renewing Car and Bike Insurance Online Safe?
Writer: Bushra Naaz
She plays a pivotal role in shaping the narrative of the platform, ensuring that every piece of content is informative, engaging, and thought-provoking. With a deep understanding of current affairs and social issues, she strives to deliver content that not only educates but also inspires positive change within society.
India, 3 Jan 2024 12:12 PM GMT
Editor : Ankur Kumar Jha |
Ankur who specialises in branded associations is otherwise an introvert whose heart lives in the Himalayas. He often geeks out on the latest advertising trends and strives to draw the best synergy with leading Indian brands on their journey towards socially conscious digital marketing campaigns.
Creatives : Bushra Naaz
She plays a pivotal role in shaping the narrative of the platform, ensuring that every piece of content is informative, engaging, and thought-provoking. With a deep understanding of current affairs and social issues, she strives to deliver content that not only educates but also inspires positive change within society.
Renewing Car And Bike Insurance Online Has Become Very Convenient
In today's digital age, buying or renewing car and bike insurance online has become very convenient. With just a few clicks, you can get quotes, compare policies, and purchase coverage without leaving your home. However, some people are hesitant about providing personal and financial information online. Is buying car insurance online actually safe? Let's find out.
The Benefits of Going Online
Purchasing or renewing your motor insurance online comes with several advantages:
It's faster - Purchasing insurance online allows you to get quotes rapidly with minimal effort. You simply have to fill in your basic details, like name, vehicle info, etc., once on the insurance provider's website. It will fetch you real-time quotes from multiple insurers instantly, without needing to physically meet multiple agents or visit multiple branch offices to get rate comparisons. It saves time and energy.
It's convenient - Buying insurance online allows you to purchase the policy from the comfort of your home or on-the-go, without having to physically visit the branch or office. You can access insurer websites at any hour of the day, even late night or early morning, fill in the application form, and get an online quote immediately. It spares you from waiting in long queues at offline offices during working hours or visiting multiple agents.
More options - When you buy insurance online, you can conveniently access and compare quotes from a number of leading insurer providers at the click of a button. On online insurance platforms, you can view policies across companies along with their premiums, coverage details, terms, etc., side-by-side.
Discounts - To promote online insurance purchases, many leading vehicle insurers provide special discounts and offers which are exclusively available on their websites or apps. These online discounts - typically 5-10% lower premiums - are usually not accessible for offline purchases done through agents.
Paperless - Opting for an online insurance policy means you can go paperless. The entire policy delivery is digital - from filling out the proposal form to signing documents to receiving your insurance certificate. It allows you to save trees and storage space, apart from convenience.
Ensuring the Safety of Transactions
While the benefits are clear, how can you ensure your information and money are safe? Here are some tips:
- Verify the Website: Before sharing any personal or payment information, verify that the website is secure. Look for "https" in the URL and a padlock icon. It ensures data encryption.
- Research the Insurer: Only buy from licensed, registered insurers with good reputations and financial strength. Check claim settlement ratio, reviews and ratings.
- Read Policy Documents: Review policy wordings, exclusions, etc., thoroughly before making payments. It avoids later disputes.
- Save Documents: Save soft or hard copies of proposal forms, declarations, receipts, etc., as future proof.
- Monitor Emails & SMS: Carefully check policy documents and renewal notices sent to your registered email ID/mobile. Report errors right away.
Is Online Renewal Also Safe?
Yes, you can securely renew your existing motor insurance online in just a few simple steps:
1. Receive renewal notice via email a few weeks before expiry
2. Review new quote and coverage details
3. Make premium payment online or authorise auto-debit
4. Receive an electronic policy copy on the registered email ID
Ensure you carefully check policy documents before allowing auto-renewal to avoid gaps in insurance.
Conclusion
Buying or renewing your four-wheeler or two wheeler insurance online is completely safe if you follow basic precautions. Licensed insurers invest heavily in securing their systems and data encryption. This, along with vigilance from customers makes the online process safe as well as convenient. Just verify website security, research the insurer thoroughly and monitor all communication to enjoy a smooth experience. Happy and hassle-free insurance renewals
We are an independent and public-spirited digital media platform for Indian millennials. We report news and issues that matter as well as give you the opportunity to take action.
