When something unexpected happens to your car, you can avoid paying for the losses incurred from your pocket. This is where cashless insurance for your car comes into play.
With cashless car insurance, you can get your car repaired at any network garage partnered with your insurer. The insurance company settles the bills directly with the garage, making it easier for you.
It is more beneficial in the event of an accident as it covers the expenses related to repair without you settling the bill first and then getting reimbursed. The latter is what happens in reimbursement insurance plans.
In a reimbursement plan, you must pay for all such expenses on your own. However, once you submit the original bills to the insurer, you get the amount from them after verification.
With this plan, there is no need for you to pay upfront for your car repair costs. Most insurers have partner garages located throughout the country. These are known as network garages.
In case of any unforeseen mishap, you can get your car repaired from these network garages. After fixing your car, the garage will send the bill to the insurer. After thoroughly verifying the bill, the insurer will pay the amount directly to the garage based on the cover and policy terms.
This way, this cashless car insurance policy helps you get coverage without any hassle. However, be aware that the insurance does not cover certain car parts or types of damage. So, you may have to pay for such repairs on your own.
Remember, if your policy also has a deductible, you will need to pay this predetermined amount before the insurer covers the rest of the bill.
To successfully raise a cashless car insurance claim, follow these simple steps.
Step 1: Inform the insurance provider about the incident at the earliest by either contacting them via email or the toll-free number
Step 2: If the vehicle cannot be driven to the nearest network garage, the insurer will help arrange towing services
Step 3: Fill in the claim settlement form and submit it with other essential documents to the insurer
Step 4: The insurer will appoint a surveyor, who will inspect the damage incurred and send a report to the insurer
Step 5: After verifying the claim details, the insurance provider will inform the garage to begin the repairs
Step 6: The cost of the repair work shall be directly settled by the insurer, and you will be required to pay the deductible, if any
Your policy document and your insurer’s website will contain the list of the network garages wherein you can avail of cashless car repair services. In order to avail of this feature, you can visit the nearest branch of the network garage.
In case you do not find the network garage near your location, you can get your car repaired at a non-network garage. All you have to do is pay the bill and get it reimbursed by your insurer by providing them with the payment receipts for verification.
Keep the following documents ready while submitting your cashless car insurance claim:
Copy of Driving Licence
Copy of Registration Certificate
Copy of FIR in case of a major accident
Identity proof of the insured
Copy of car insurance policy
Claim settlement form
Name of the partner |
Features |
Cost of the plan |
ACKO |
|
Premium starting at ₹2094/- |
HDFC ERGO |
|
Premium starting at ₹2094/- |
BAJAJ Allianz |
|
Premium starting at ₹2094/- |
SBI General |
|
Starts at ₹2,094 |
Disclaimer: The prices are subject to change based on the discretion of the insurance provider.
Here are some beneficial features you get with cashless car insurance plans:
Simplified claim settlement process
Availability of a vast network of cashless garages across the country
Transparent process
Nominal premiums
Fast and efficient services
Digitised automatic renewal options
Now that you are familiar with cashless car insurance policy claims, opt for them to save your energy and time. By choosing a trusted network garage, you can enjoy the benefits of satisfactory repair too.
Get an affordable car insurance policy by browsing the various options available on Bajaj Markets. You can even assess your premium and compare different policies using a car insurance calculator.
Yes, your car insurance claim is only accepted by the insurer if it meets the terms and conditions of your plan. Following are some common reasons for claim rejection:
Delay in reporting an insurance claim
Damage caused due to unlawful act
The claim falls under the exclusions of the policy
Car insurance has expired
No. The cashless facility is included in your comprehensive insurance plan, so there is no need to pay extra.
If you cannot find a cashless garage near your location, you can opt for a reimbursement claim. This means taking your vehicle to a preferred garage and later filing for compensation. Make sure to retain all the bills as you need to submit them for reimbursement.
The insurer will pay for the damage that is covered by your insurance policy. You may have to bear certain expenses such as the depreciation of car parts or other elements outside the scope of your coverage.
Repair costs of any car parts beyond the scope of your policy have to be borne by you.
After you pay the deductible, if any, the insurer will settle your cashless claim as per the terms and conditions of the policy. You may also have to bear costs related to depreciation or consumables as per the terms of your policy.
The insurance provider would offer you a list of every cashless network garage. You can also call the toll free number provider by your insurance provider in order to find out about the cashless network garage nearest to you.
After you submit the payment receipts and other necessary documents to your respective insurance provider, they will make the payment to the network garage.