Documents Required For Car Insurance Renewal In India
Updated On Oct 16, 2023
The paperwork needed to complete an automobile insurance renewal procedure is discussed in this article. It starts with the importance of obtaining automobile insurance and then goes on to list the papers in order of their importance.
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When you buy a new automobile, you will most likely be given a one-year motor insurance coverage. You could have chosen one on your own. In any case, it is critical to get new auto insurance or renew existing coverage when the term of your policy is about to expire. If you own a car, you should consider purchasing car insurance coverage. Dents, scrapes, and accidents cannot be totally ruled out, and these damages must occasionally be fixed as soon as possible. It can leave a significant hole in your wallet, and this is where auto insurance comes in to provide you with the much-needed financial padding and assistance. Car insurance policies are typically valid for one year, and it is your obligation to renew them before it expires in order to continue receiving services and benefits.
Documents Required For Car Insurance Renewal
IRDAI has harmonized the documentation necessary for renewing an automobile insurance policy across all insurance firms (Insurance Regulatory and Development Authority of India). The essential documentation, together with the insurance renewal form, must be presented to the auto insurance provider. To complete the full renewal procedure for an automobile insurance policy, you will need specific supporting papers. Most of the time, there is a lot of uncertainty about what has to be supplied and what doesn't, therefore we'll go through the document list for renewing your vehicle insurance policy in this post. The following is a list of documents that are required:
- The government issues identification documents (e.g. PAN card, Aadhar card, passport)
- Address proof is required (e.g. driving license, passport)
- The photograph was taken recently
- Number of the vehicle's registration
- The photograph was taken recently
- The car's RC, or registration certificate
- Certificate of Pollution Control (PUC)
- The former automobile insurance coverage's policy number
- For internet banking, you'll need
The Importance of Car Insurance Renewal
The following are some of the reasons why you should renew your auto insurance policy:
Being a Law-Abiding Citizen is Essential
When you drive your automobile on Indian roads, you must have legal car insurance coverage, according to the Motor Vehicles Act of 1989. As a result, you must renew your auto insurance coverage before it expires in order to be a law-abiding citizen and a responsible individual.
Obtain Financial Security
Car insurance also protects you financially in the event that you or your vehicle are involved in an accident or suffer a natural disaster. If you are involved in an accident and a third person is harmed or their vehicle is damaged, you will be financially and legally responsible if you do not have car insurance at the time. You will also be responsible for any damages to your own car. Make sure your auto insurance is updated on time to prevent this significant financial risk.
These are the paperwork you'll need to give when your automobile insurance policy is up for renewal. All you have to do now is pay attention and double-check that all of your paperwork is in order before submitting everything. Renewal of your car insurance policy is an essential part of owning a car since it protects both you and your vehicle from any type of accident or health danger. This list should hopefully assist you in completing your renewal procedure more quickly and without difficulty.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.