Life is always in a constant state of flux and we understand that your car insurance policy needs to keep up with your ever-changing needs. With Bajaj Markets, you can enjoy the utmost flexibility when it comes to policy modifications. If required, you can make changes to your policy at any time. Whether you want to change minor details like your name, address, phone number etc. or enhance your policy coverage, visiting our website is all it takes.
It’s important to update your policy if there are any changes to the information that you provided initially. Having outdated information in your car insurance will cause unnecessary delays at the time of claim settlement process. Hence, it’s advisable to inform your insurer immediately about any changes so that your policy information can be updated. If you don’t, your policy could become invalid and you may lose out on insurance benefits. However, it’s important to bear in mind that you can’t backdate any changes once your policy is live, so remember to make the changes carefully as they will be effective immediately.
Here are some examples of the types of changes you can make to your car insurance policy:-
- Updating new vehicle details if you bought a new car
- If you have made any vehicle modifications, including changes to the engine, suspension, brakes, body, exhaust or wheels, you’ll need to inform your insurer
- Change of address
- Change in marital status
- Change of occupation
- If you are involved in a motor accident or are involved in any third party motor claims
- If you develop a medical or physical condition that affects their driving ability
- You want to enhance or reduce your policy coverage
- You want to change the class of use for your car
With Bajaj Markets, you can easily make changes to your car insurance policy online. Please visit the customer portal on the Bajaj Markets website and submit the request for the changes to be made.
Once you have intimated your insurer about the changes, they will update your car insurance policy, and if necessary, will make any adjustments to your insurance premium. You will then be sent your new insurance policy documents to confirm the updated changes. If you have upgraded your coverage, you will also be issued an updated Policy Payment Arrangement Document to confirm the new payment details. We, at Bajaj Markets, offer flexible yet comprehensive motor insurance policies at affordable premiums. To check the car insurance premiums for policies available on Bajaj Markets, use the car insurance calculator. We also provide an easy no claim bonus transfer and a cashless claim settlement to ensure that you have a rewarding customer experience.
Bajaj Markets, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment, and exclusive EMI store, all under one roof- anytime, anywhere!
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