Vehicle Insurance Online Payment: Step-by-Step Walkthrough | Bajaj Allianz

online. Here are some handy details that you should have at hand when buying a vehicle insurance online –

  • Your complete personal details.
  • Address and photo identity proofs.
  • Details about the vehicle like model, make, and other registration information.
  • Previous insurance policy details, if any.
  • Preferred payment details to facilitate online vehicle insurance payment.

Steps to make vehicle insurance payment online

  1. Research is the key

Just like you would research before buying a mobile phone or a laptop, similarly, you should research before making vehicle insurance payment. It is advisable to go with the insurance provider that not only provides support during the purchase or renewal process but also with an excellent after-sales support. Further, research also help to select a policy with not only the right features, but also at an affordable cost.

  1. Selecting the type of insurance plan

Once you have done sufficient research on the various plans available, you can shortlist the one policy that you’d be selecting. There are essentially two broad categories of motor insurance plans – third-party / liability-only plan and comprehensive plan. Since the coverage under a liability-only plan is limited to third-party damages, you can opt for comprehensive coverage where the car or provides an all-round coverage.

  1. Mention your details

Once you have finalised the policy you want to select, input the details earlier kept at hand. Different details will be sought depending on whether you are renewing or buying an insurance plan for the first time. So, make sure you do not make a mistake as these details will impact the total of vehicle insurance online payment.

  1. Setting IDV and buying appropriate add-ons

In case you have selected a comprehensive bike / , you have the option to set the IDV. IDV or Insured Declared Value is the maximum amount that an insurance company pays in the event of total loss of damage to your vehicle. Moreover, comprehensive plans can be adjusted for their IDV within a specified range. But remember when you increase or decrease the IDV, it directly has an impact on your motor insurance premium. Once your IDV is set, you choose among the various add-ons like a zero-depreciation cover, 24X7 roadside assistance cover, consumables cover, engine protection cover and so on. As these are additional covers over and above your based motor insurance plan, they have an impact on the sum of vehicle insurance online payment that shall be required.

  1. Closing the deal via your preferred mode of payment

On finalising all your policy features, you can proceed for vehicle insurance online payment. At present there are many different options like credit cards, debit cards, net banking facility to complete your purchase. The newest addition to these payment options is the UPI facility. With a simple virtual payment address, you can complete the payment. Once you have successfully made the online payment for your motor insurance, the insurance company will send you an acknowledgement along with the policy document.

This is how you can choose a suitable motor insurance policy based on your requirements. Remember that although the insurer e-mails you the soft copy of the policy, you need to print it and keep it with you. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale. Vehicle indemnity is a legal prerequisite in India. All vehicles registered in the area are compulsorily required to have a motor insurance policy, third-party indemnity cover being the minimal. If you wish to enhance the coverage, a comprehensive policy is an optional upgrade. A couple of years ago, this indemnity buy process was chiefly offline focused. With rapid digitization in the nation, there is an increasing preference for buyingonline. here are some handy details that you should have at hired hand when buying a fomite insurance on-line -Just like you would research before buying a mobile earphone or a laptop, similarly, you should research before making vehicle indemnity payment. It is advisable to go with the indemnity supplier that not merely provides confirm during the leverage or refilling work but besides with an excellent after-sales support. Further, research besides help to select a policy with not only the right features, but besides at an low-cost cost.Once you have done sufficient research on the respective plans available, you can shortlist the one policy that you ’ five hundred be selecting. There are basically two broad categories of centrifugal indemnity plans – third-party / liability-only plan and comprehensive examination design. Since the coverage under a liability-only design is limited to third-party damages, you can opt for comprehensive examination coverage where the car orprovides an all-around coverage.Once you have finalised the policy you want to select, input the details earlier keep at hand. different details will be sought depending on whether you are renewing or buying an indemnity plan for the first time. indeed, make sure you do not make a mistake as these details will impact the entire of vehicle policy on-line payment.In case you have selected a comprehensive examination bicycle /, you have the option to set the IDV. IDV or Insured Declared Value is the maximal come that an indemnity company pays in the event of sum passing of damage to your vehicle. furthermore, comprehensive plans can be adjusted for their IDV within a specify compass. But remember when you increase or decrease the IDV, it directly has an impingement on your motive indemnity bounty. once your IDV is set, you choose among the assorted add-ons like a zero-depreciation report, 24X7 wayside aid cover, consumables cover, engine protection cover and thus on. As these are extra covers over and above your based drive indemnity plan, they have an impingement on the sum of fomite policy on-line payment that shall be required.On finalising all your policy features, you can proceed for vehicle indemnity on-line payment. At present there are many different options like citation cards, debit cards, net income deposit facility to complete your leverage. The newest accession to these payment options is the UPI adeptness. With a simple virtual payment address, you can complete the payment. once you have successfully made the on-line payment for your motive indemnity, the policy company will send you an acknowledgment along with the policy document. This is how you can choose a suitable centrifugal insurance policy based on your requirements. Remember that although the insurance company e-mail you the gentle copy of the policy, you need to print it and keep it with you. policy is the discipline matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

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