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Renew your car insurance in lockdown

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Published on June 22, 2020. EST READ TIME: 5 MIN

Car insurance is due for renewal? Don’t scratch your head,we have an easy alternative to ensure your car remains protected without any hassles from the comfort of your home. In this digital era where all your questions are answered online,car insurance renewal is no different. Renew your car insurance online which is a much quicker and affordable option. You can simply visit the website of a digital insurer and get all the information by entering some essential details. Once you are content with the policy chosen and its features,you can buy the policy within minutes.This is applicable for both third-party and comprehensive insurance cover.

So go online and renew your car insurance in a jiffy with these pointers:

• Click on the ‘Renew Existing Policy’ button

• Fill in the required details – Policy number/ registered mobile number or email id

• Choose the car insurance plan or cover that meets your requirements,it could be a third party liability cover,a standalone car insurance plan or a comprehensive car insurance plan

• Enhance your car’s safety with add on covers like zero depreciation cover,emergency assistance cover or no claim bonus protection cover

• Get a quote once you have zeroed in on the plan and add on covers and make online payment in a secure way

• You will receive your renewed policy documents on your registered email id

It’s as simple as that,so do not let the lockdown deter you from ensuring your car is safe and protected at all times. A point to note here is that in India more often than not,the first time policy on your car is purchased from the dealer itself and you might miss out on some key benefits. However,you can regain some of them when you switch your insurer at the time of renewal.

Please remember that you stand to lose on a lot of benefits if you do not renew your policy on time. These include:

- Missing out on ‘No Claim Bonus’ despite not raising a claim during the policy period

- On expiry of the existing policy you will have to buy a new one which will end up being a time consuming affair as well as expensive

- Insurers might even reject your proposal if you have a history of not renewing policies on time.

In the current scenario,to ease your worries further the Union Government has allowed motor insurance policyholders to defer payment of their renewal premium falling due during the period of the lockdown to be paid on or before May 15,2020. Motor Insurance Policies expiring between 25th March,2020 to 03rd May 2020" can be renewed by 15th May with continuity benefit. The (delayed) payment will also 'ensure continuity of the statutory motor vehicle third party insurance cover from the date on which the policy falls due for renewal.

By renewing your car insurance you can save a lot of hassles in the long run if anything were to go wrong with your car and will get a little peace of mind at a time when it is much needed.

Disclaimer:The above information is for illustrative purpose only. For more details,please refer to policy wordings and prospectus before concluding the sales.

This blog has been written by

S. Gopalakrishnan | Motor Insurance Expert | 40+years of experience in insurance industry

A veteran in insurance industry. S. Gopalakrishnan is a name to reckon with in the field of reinsurance,he has headed the Reinsurance department and has rich experience in other fields of motor insurance. He loves to share his opinion on latest topics in the insurance industry and how he can help people in safeguarding their assets using insurance products.

S. Gopalakrishnan recommends "HDFC ERGO for your vehicle insurance needs,it has always put customer’s interest at the forefront,with round the clock assistance to deal with emergency breakdown issues and hassle free claims process. You can be assured of complete and reliable guidance through the whole process".

Few other blogs

Layman's Guide to Understanding Car Insurance

Importance of Having a Valid Motor Insurance

5 mistakes people make while buying car insurance

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