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With the digital presence of insurance companies, customers can easily keep everything at their fingertips. From buying car insurance to checking details of their policy everything can be done online. As car insurance is mandatory in India (at least a third-party insurance), one may not forget that it is also necessary to keep a tab on it. Every insurance policy has an expiration date and most of which needs to be renewed annually. Furthermore, if your car insurance policy has expired, you might end up paying heavy fines. Therefore, it is necessary to check the status of your car insurance policy, the policy period, whether your car is still covered, or any other important details you may require in the future. One may also need policy details in case their policy document is misplaced or if the policyholder meets with an accident and the car in question needs to be tracked down.
There are several methods for checking the status of a car insurance policy, both online and offline:
2. Insurance Information Bureau (IIB) Web Portal
Some crucial information to remember while checking the status of your insurance policy with IIB:
3. Vahan E-Services
4. QR Code
The simplest method is to check your car insurance status by QR code. The Insurance Regulatory and Development Authority (IRDA) has mandated that every automobile insurance policy should have a matching QR code with the relevant information. You may scan the QR code with your smartphone to access all of the information about your insurance coverage.
You can try offline alternatives if you can't find the insurance information using the above online methods. You can go to the Regional Transport Office with your car's information. You may also contact your insurance company to inquire about the status of your policy.
It is quite common to miss important dates in our bustling and fast-paced lives, therefore, insurance companies provide their clients with a grace period. You have 90 days grace period after the expiration date to renew your insurance. However, if any further delays happen after this, the coverage will immediately terminate and all collected NCB will be canceled. You cannot renew the insurance after this and have to buy new insurance and go through the assessment process all over again. So, it’s better to keep an eye on your car policy status and avoid any unnecessary hassle.
18 Apr, 2022