In India, buying a car insurance policy is not just important, it’s mandatory. According to the Motor Vehicle Act 1988, all car owners need to be in possession of at least a third party car insurance policy, in order to drive on our country’s roads.
This means that if you are driving without insurance, you can be caught and penalized according to this law.
Over the decades, the process of buying a car insurance policy is becoming simpler. Earlier, you had to either get in touch with an insurance agent and call them home for a discussion. Or you would have to visit the insurance company’s office, wait in line and then meet with a representative.
Now the process has become much more convenient, as you have the option to buy car insurance online. To further the cause of convenience, from July 1st 2021, you have the option to buy your car insurance policy from your postman/postperson.
India Post by Indian Post Payment Bank (IPPB) will now have the facilities to sell car insurance policies to vehicle owners. You can kick start this process by visiting your nearest post office, or by scheduling a home visit.
Eligibility For Buying Car Insurance Policy From IPPB:
In order to arrange a meeting with the postman/postperson to buy your car insurance policy, you should put in a request on the IPPB website or Post Info app.
In case you don’t have a Indian Post Payment Bank (IPPB) account, you can apply for it online by providing your mobile number and Aadhar card details. Your account will be registered within minutes of providing your information.
You need to submit your car’s registration number along with any previously bought car insurance policy to the postman/postperson in order to buy the car insurance policy from them.
Other than this, you also have the option of calling the toll free number of IPPB. you can call on the number in order to schedule a visit to your home.
Advantages of Buying Car Insurance Policy From IPPB:
There are a number of benefits to buying a car insurance policy from IPPB in addition to encouraging the enterprising spirit of the Indian Post service. These include:
- Greater Convenience - You can schedule a home visit by postman/postperson instead of stepping out
- Reduced Hassle In Paperwork - The process of buying a car insurance policy from IPPB is a paperless process
- Easy Payments - The premium payments to be made for your car insurance policy are taken directly from your IPPB account
- Instant Relief - The process of buying your car insurance policy from IPPB is a quick process, as the policy is issued instantly
This move is great as the IPPB is diversifying their scope and helping people in every district (especially rural areas) learn more about car insurance and the benefits it provides the vehicle owner. To learn more about this process, or if you want to buy car insurance online, visit Coverfox - one of India’s leading insurance broking portals.