While there are many car insurance providers available in the market, there are chances that if you get a policy that sounds very good, it may not be genuine. There are some simple ways to find out the reliability of your car insurance policy. These ways are effective and if you follow them, you can easily get to know whether your car insurance policy is genuine or not.
In India, it is mandatory to get the insurance of your car before plying it on the roads according to Motor Vehicle, 1988. But, purchasing car insurance sometimes entails a few risks. There are so many reputed car insurance providers, but there are some fake businesses and insurance agents as well.
However, it is not difficult to spot a fraudulent car insurance provider. There are some simple ways to check the genuineness of your car insurance policy, and these ways are:
A car insurance policy is not only legally necessary instead it acts as a protective cover for your car. It safeguards your vehicle against any kind of damages or collisions, any other unfortunate events. So, you do not want to end up spending money on your car’s repair if it gets damaged in an accident. Moreover, you do not want to be legally liable because of a fake insurance policy for your car. Therefore, these all are the reasons due to which it is essential to opt for a reliable insurance policy that is genuine and not fake.
You can easily get tempted by the lower premiums offered by an insurance company for your car insurance policy. However, you should not be like most of the times such companies are fake or their insurance products are not genuine. If you are planning to buy a car insurance policy through an agent, it is essential to check his/her authenticity. So, check the genuineness of your car insurance policy in the above-mentioned ways and stay safe without worrying much.
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09 Jan 2023
Yes, your comprehensive car insurance policy may cover the damages03 Jan 2023
As per the IRDAI guidelines, all motor insurance sectors including09 Dec 2022
Roadside Assistance is an add-on cover offered with your06 Dec 2022
No, any damage to the nut bolt or any other consumable of your05 Dec 2022
Third-party car insurance is a mandatory cover as per the motorInsurance
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
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