The Indian Motor Vehicle Act makes it mandatory for all car owners to secure their vehicles with a correct, valid car insurance policy. Also, with the increasing traffic and numerous cases of road accidents it is wise to secure your car against possible threats in the future with a correct insurance policy.
The benefits offered by your car insurance policy will help you remain stress-free even when faced with any exigency in the future. To ensure that these benefits are offered continuously, you must ensure timely policy renewal.Motor insurance renewal in India is extremely important as driving your car with a lapsed policy is likely to put you on the wrong side of the law. Such a lapsed or expired policy will result in the payment of a hefty fine and can also result in legal hassles which can leave you stressed.
Policy renewal dates are most commonly mentioned along with the policy papers so that you do not miss out on the important renewal dates. However, with the advancement of the internet, you no longer have to remember the renewal date of your motor insurance policy. Many insurance companies now allow for online motor insurance renewal India where individuals can enjoy utmost convenience.
When you buy a motor insurance policy from ICICI Lombard, you are not only offered the option of online purchase but you can also enjoy online motor insurance renewal India. This mode of quick renewal will surely be a boon to those individuals who have little time to spare from their hectic work schedules. You are not required to set aside time to reach the company office and file in your papers to get your existing policy renewed. With only a few clicks of the mouse, you can easily renew your policy from the comforts of your home.
Motor insurance renewal in India can be done 60 days before the expiry of your existing policy using this online feature. This quick renewal facility will not only save your time, but will prevent your policy from lapsing and reduce all related legal hassles when driving on Indian roads.
Upon renewal of your existing policy, individuals who have not made a claim in the previous year are rewarded with a No Claim Bonus (NCB). This NCB will ensure that you enjoy a discount on the Own Damage (OD) premium when you renew your policy. Thus, timely renewal of your policy will ensure that you continue to enjoy all the benefits of your motor insurance without the worry of future crises.