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What To Do If Magma HDI Car Insurance Policy Gets Lapsed?

Published On Oct 22, 2021

Purchasing insurance for your car is important as per the law. Read this article to know what to do if your Magma HDI car insurance policy gets lapsed.

If your policy gets lapsed, you need not worry. You can simply renew it. In today's world, renewing your vehicle insurance is as simple as purchasing new coverage. To renew your insurance, you don't need to make many phone calls or stand in line at the insurance company's office. When it comes to renewing your insurance, you have the option of switching to a different insurer that offers better benefits for the same or less money.  

The Magma HDI car insurance plan protects you and your car against tragic accidents and other disasters. The insurance company compensates the insured for any losses or injuries sustained during the accident. Each of the vehicle insurance policies, however, has a fixed validity period after which the policy will expire. As a result, it is important to renew your vehicle insurance policy on a regular basis in order to continue receiving insurance coverage and other advantages.

What To Do If Magma HDI Car Insurance Policy Gets Lapsed?

Magma HDI provides a straightforward insurance plan renewal solution that is both paperless and hassle-free.

What To Do If Magma HDI Car Insurance Policy Gets Lapsed?

When your vehicle insurance policy gets lapsed, you can do the following:

  • Contact Your Agent: If your vehicle insurance policy has expired, call your insurance agent right away to get further information. They may be able to restore your lapsed insurance coverage without requiring you to pay a penalty. However, if you are late, this choice can be forfeited. In such a case, you are required to pay a hefty premium in order to reactivate and use the policy.
  • Don't Drive an Uninsured Car: You must refrain from driving an uninsured vehicle until your insurance coverage is active or you purchase a new policy. If you drive an uninsured vehicle and are involved in an accident, you will be responsible for large expenditures involving third parties, yourself, and your vehicle.
  • Choose an Insurance Plan: It is unlawful to drive a car on Indian roads without insurance, therefore you should renew your policy online right away. Also, if you want to purchase a new plan, do a comprehensive comparison before deciding.
  • Prepare Your Papers: Once you've decided on the insurance plan you want to purchase, contact the insurance company to have the documents checked and the procedure started. Keep fundamental papers on hand, such as a copy of your prior insurance plan, a copy of your RC, and so on.
  • Prepare for a Car Inspection: Finally, an insurance company surveyor will visit to check the car to determine whether you are eligible to get car insurance. After the inspection is completed, purchase the insurance policy as quickly as feasible.

Take Away

Renewing your car insurance plan with Magma HDI has a lot of advantages. If you choose to renew your insurance plan with Magma HDI, you will enjoy many benefits such as a paperless renewal option, an easy-to-use internet solution for filing a claim, an engaged and friendly customer service staff, little documentation effort, and affordable and important add-ons.

Also Read: 

How To Lower Premium of Your Car Insurance?

Top Factors That Determine The Premium of Your Car Insurance Plan

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.

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