As a vehicle owner, you would have invested a good amount in buying it. Hence, it becomes important that you must get the motor insurance as well. There are two types of motor insurance, third-party motor insurance, and comprehensive motor insurance. Of this, third-party motor insurance is a legal mandate. Both insurance policies will also cover the cost of damage to the third-party vehicle and prevent the policyholder from the legal risk. Hence, buying motor insurance will be very much beneficial for you. Similar to other insurance policies, you must renew the motor insurance policy annually or as per the term of the policy. Make sure that you renew the policy before it expires.
Renewing Motor Insurance Online
With digitization, it has become easier than ever to invest in a policy and renew it. If your motor insurance is about to expire, then the first thing that you need to do is to carry out a research for the best possible insurance policy available and renew the policy. You can do the policy renewal online with ease.
Steps for Motor Insurance Renewal Online
With the online insurance renewal, you don’t have to visit the insurance company; just compare the policies, verify the details, and make the right call. Now comes the point when you have to renew the policy online; here are the simple steps:
You must keep track of the vehicle insurance policy to check if it is approaching the expiry date. If yes, then you must go ahead with policy renewal.
You must visit the website of the insurance policy provider and click on the policy renewal link. You can also apply from an insurance aggregator, such as Policy Player.
Fill in the details (if required) or else make the payment online and check the acknowledgment.
Once you have made the payment, the process of policy renewal will be complete. You will receive the notification regarding the policy renewal on your registered email ID and mobile number.
Elaborating the Steps of Motor Insurance Policy Renewal
Keep Track of The Policy Renewal Date
You must always renew the policy before the due date, and hence, you must keep track of the date of expiry of the policy. Make sure that you set a reminder for this to keep track of the due date. You would not want to get in the hassle of policy renewal after expiry, so make sure that you keep track of the due date of the policy.
Well, nowadays, you don’t have to think about all this because the insurance companies send automated messages and email reminders about the due dates.
Visit Policy Player or the Website of the Insurance Provider
The process of policy renewal has become fairly simple with Policy Player. All you need to do is to visit the website and compare various plans available for your vehicle, you can select the best option from the comforts of your home. In case you wish to renew your existing provider’s insurance plan, you can also visit its website and click on the policy renewal link. After clicking on this link, you will get the renewal details displayed on the screen.
There is a provision for both the existing customers and new customers. The policyholder needs to choose the right option. Follow the instructions as mentioned on the website and continue with the renewal process.
Proceed with the Online Payment
Once you have checked all the policy renewal details, you can proceed with the online payment option. You can make the payment via debit card, credit card, or online payment.
Get the Acknowledgment
After you have made the payment online, you must wait for the acknowledgement. It will be displayed on the screen, and you will also get the confirmation on your registered email ID.
Now the insurance renewal procedure is complete. You will get the receipt for the motor insurance renewal.
The online process is fairly simple, and with timely motor insurance policy renewal, it will give you peace of mind and will also keep your vehicle protected.