Is it Safe To Purchase a Car Insurance Policy Online ?
Updated On Oct 14, 2023
The majority of car owners are concerned about whether it is safe to purchase car insurance online as compared to the offline mode of buying an insurance policy.
When it comes to making transactions over the web, most people are concerned regarding the security purpose. The majority of car owners are concerned about whether it is safe to purchase car insurance online as compared to the offline mode of buying an insurance policy. On a positive note, it is absolutely safe for you to buy a car insurance policy online and is worth every penny that you spend. Complete coverage is offered to you by the motor insurance company that was promised during the time of purchase. Also, third-party car insurance or comprehensive car insurance policy bought online is said to be legally valid by the Insurance Regulatory & Development Authority of India (IRDAI).
Things To Consider Before You Purchase a Car Insurance Policy Online
You should keep a check of the below mentioned points prior to purchasing a car insurance policy online:
IRDAI Registered Insurance Company
Remember to purchase your car insurance policy only from a IRDAI registered insurance company. The registration number issued by the IRDAI to all the registered insurance companies act as a validation of its authenticity and genuity. The insurance authority monitors all the insurers and holds them responsible for any observed fraud. Therefore, be at rest and relaxed if you purchase a car insurance policy from an IRDAI registered insurance company.
Compare Plans Online
Always compare car insurance plans available online. You can easily compare and choose the best car insurance policy for your car from a variety of insurance companies available on InsuranceDekho. Comparison of plans help you identify the plan which best meets your requirements and budget.
It is important that you must go through the entire terms and conditions mentioned in the policy document carefully. Also, remember to go through the policy coverage offered as it should not pose a problem for you later on at the time of claim settlement.
Check Customer Reviews
Before you purchase your car insurance policy online, make sure you go through the reviews from the existing customers and also check the insurance company’s claim procedure. The speed of claim settlement and claim settlement ratio can act as an indicator to determine how sooner your claim will get approved and the time it will take to receive the claim amount.
To cut the long story short, purchasing an insurance policy for your car online is absolutely safe and highly advantageous. You can buy any type of insurance policy be it comprehensive, third party, or standalone own damage policy from the verified motor insurance companies in India.
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.