5 Checks To Reveal Fake Motor Insurance

Motor Insurance

Auto insurance is a necessity and a requirement for all vehicle owners in the country. The Motor Vehicles Act of 1988 stipulates that all automobiles in India must be insured before being allowed on the road. Your vehicle is protected against accidents, fire, natural disaster, or theft on your auto insurance. 

However, it’s risky to purchase automotive insurance because several fraudulent organisations and agents exist. Customers who fail to verify the insurance provider before purchasing coverage often encounter problems. Identifying fraudulent insurance companies is easier than you may believe. There are a few fundamental factors when choosing an insurance provider. Here are some valuable techniques for the same:

  • Avoid purchasing insurance through agencies

Even though many people in India obtain insurance plans via agents, this method is no longer secure. Numerous fraudulent insurance agents create phoney insurance documents and persuade policyholders to pay premiums offline. Even if they offer coverage with a lower cost and greater benefits, you should avoid falling prey to these fraudulent agents. 

Verifying the agent’s legitimacy is important before finalising the transaction. To authenticate the individual’s identity, check the badge and licence number and cross-reference it with the relevant authorities at Bajaj motor insurance.

  • Avoid making cash payments.

Digital payment is more secure and practical than an offline payment. Make payment by check, credit card, or online banking, and you can also access the transaction’s specifics as well as the account information of the recipient. In the event of a problem in the future, you will have the recipient’s information and evidence of payment. *

Additionally, If your insurance agent gives you an auto insurance policy you are unfamiliar with, you should verify its legitimacy on the provider’s official website. Immediately understand that the agent is attempting to sell you a phoney insurance policy, and you should avoid doing business with them.

Even if the auto insurance coverage advised by an agent appeals to you, avoid the impulse to purchase it immediately. Instead, suggest that you be given time to evaluate the policy’s terms. Meanwhile, contact Bajaj motor insurance provider by email or the toll-free customer support number on their official website. You can also visit the company’s local branch to verify the policy’s validity.

  • Be cautious with crucial details

Purchasing auto insurance requires heightened vigilance. Check the policy document for all pertinent information, including IDV, deductibles, and NCB, and if you have any questions, contact the company. And if you are offered a policy at a negotiated rate, it is vital to review the insurance documents. Immediately contact the branch if you discover anything that seems questionable. *

On the other hand, doing a Bajaj Allianz motor insurance renewal is rather simple and safe.

  • Obtain the application with QR reading

All insurance businesses are required by the IRDAI to have an app with a QR code. This ensures the validity of the coverage, as clients receive regular updates regarding their insurance policy via the app. You must be careful if your agent attempts to disregard this crucial fact. #

  • Verify carefully before signing

Do not haste while signing the insurance documents. Be patient and carefully read each set of terms and conditions. Additionally, verify that the application contains all required information. All Bajaj Allianz motor insurance policy details and other vehicle-related information must be thoroughly reviewed. Also, ensure to complete the form independently. Unless otherwise possible, ensure that the final signature on the paper is yours and no one else’s.

Purchasing auto insurance is an effort to protect your vehicle from accidents and other unforeseen events. Before making a final selection, consider all the factors to get the great benefits of insurance coverage.

* Standard T&C Apply

# Visit the official website of IRDAI for further details.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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