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Is it safe to buy car insurance online

By Finserv MARKETS - Sep 13,2019
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Benefits of buying car insurance online

Introduction

Digital modes of consumer experiences are penetrating in every field. We are constantly shopping online for products and services, from clothes and accessories to food deliveries and cleaning services. Digital technologies are fundamentally changing how businesses across all industries operate and serve their customers. The insurance sector is no exception.

So when someone asks whether it is safe to buy car insurance online, the immediate answer is an emphatic yes. It is easy, quick, convenient and, in all likelihood, will cost you less. The reason the online purchase of a car insurance policy sounds so good is because the process makes it really convenient for you as the customer. You can research and compare policies at your own pace, you can look for online car insurance quotes without having to pester an agent, you don’t have to deal with annoying physical paperwork, even the claim filing and car insurance renewal can be done online at the click of a button.

It comes as no surprise that the trend of buying online insurance policies is slowly and steadily growing in India. We see less number of insurance agents nowadays, whose assistance is being replaced with those of chatbots. Most of the important information is available on the website of insurance providers and partners. Similar gamut of insurance products, be it health, motor, travel and life covers, all are available for you on Finserv MARKETS.

When you are able to do an overall comparison of features, online car insurance quotes and additional riders across various car insurance products online, you must give it time. This lets you be free of the influence of an agent who’d otherwise influence your final purchase decision. Before finalising on a purchase, you can study the pros and cons of the policy. You can also browse through genuine first-hand information and reviews online.

Secondly, when you buy a policy online, there is no mediator involved. Since the infrastructure and middlemen costs are absent, the insurance provider can bring your choice of the type of car insurance at the lowest possible prices.

Most insurance providers today offer flexible policies online, whereby you can choose add-ons to the vanilla version of your policy. For instance, if you buy Bajaj Allianz Car Insurance online, on Finserv MARKETS you have the option of add-ons like 24X7 spot assistance, which encompasses services pertaining to repairing of flat tyres, helping jump-start the car battery, provision of legal advice and assistance to deal with emergency situations. There’s also the Lock and Key replacement coverage and the Accident Shield, which gives compensation for total permanent disability or the death of the occupants or any bodily injury that may be caused due to an accident that occurs when travelling in the car that is covered under the insurance policy.

One burning aspect of doing online transactions, however, is the safety of such transactions. Whether it is purchase or car insurance renewal, all the premium payments are processed through secured payment gateways. Buying car insurance online is just as safe as any online shopping you do. This is to say that like any other online transactions, there are some precautions you should take while buying online policies. Check for the website’s security certificate (SSL) to verify that the site is legitimate and can encode files safely. Only rely on information provided on the product page and website of the insurance provider. To be on the safer side, keep a screenshot of the transaction page and make a note of the transaction reference number/code.

Thus, it is safe to buy car insurance online – you just need to choose the right policy that fits your needs and vehicle. If you are considering getting one, Finserv MARKETS is the place to browse. Under the policy, you can avail cashless car insurance services across 4000+ garages. If the cashless facility isn’t available, you get 75% on account payment. In fact, it also comes with 24*7 road assistance that provides much coverage against loss of car keys, minor repairs that could include jump-starting dead batteries, replacing flat tyres, towing facility, fuel assistance, etc.

Get car insurance on Finserv MARKETS and secure protection for your vehicle against burglary or theft and damages that arise due to communal riots or malicious acts, natural calamities like floods, earthquakes, landslides, fires, lightning and hurricanes. Spare yourself the financial burden of the gigantic car repair costs.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522