With rapid progress in technology promulgated by willingness of regulatory and government authorities, the insurance sector India has witnessed a sea of advancement in the last two decades. This evolution has greatly benefitted the end user, saving him from all superfluous procedures that probably took forever to be accomplished.
One such feature which has made life easier for a car insurance holder is the option to renew car insurance online without any hassles. National insurance, India’s leading state owned general insurance service provider operates in a diversified portfolio which includes insurance coverage for cars. It extends the benefits of online revival of policies issued not only by them, but also from other insurance companies in easy steps.
National Car Insurance Renewal Procedure
By using the web portal to renew your existing car insurance policy, you can be eligible to receive a discount along with NCB(No Claim Bonus) if you qualify. Log onto the online portal to begin the procedure. National insurance company allows you to easily renew insurance covers that are due for renewal in the next 30 days. One can also renew car insurance policies issued by other insurers(switch over) online. Policy renewals from other insurers is eligible for a 10% discount.
There are two separate links on the homepage for renewal. One leads to renewal of policies issued from National insurance and other for insurance cover from other insurers. Simply fill the relevant fields with policy number and e mail id to begin the procedure and follow the “on screen” instructions to complete the process. Keep handy, details of your bank account or credit card for online payment. The encrypted environment safeguards bank and credit card details.
You receive an instant e policy available for download in a printable format. A copy of this document is also emailed to your registered email address. The policy document will be posted to the communication address with company seal and signature in designated working days.
National Car Insurance FAQ’S
- By renewing car insurance policy issued by other insurers, can I be eligible for the No Claim Bonus(NCB) earned by in the previous term?
You can avail the NCB by renewing your insurance with National Insurance online with minimal information. Policy details are automatically retrieved to sync information and pass on the NCB rebate even though it was issued by a different insurer.
- Why should I renew online when I can contact my agent or visit the nearest office of National Insurance?
You have the advantage of documentation free renewal when done online. Plus, you receive a valid instant e policy that can be printed for reference. National insurance may offer periodic discounts for online payments. All these benefits work to your advantage.
GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017