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Due to the COVID-19 pandemic, social distancing has become the new norm. People are not allowed to gather at certain places; restaurants are not allowed to cater to groups of people; most of the long-distance public transportation has been suspended because of the outbreak. To curb the spread of COVID-19, Section 144 has been strictly implemented in states across the country.
As per the lawbook, Section 144 of the Criminal Procedure Code (CrPC) of 1973 allows the Executive Magistrate of any state or territory to issue an order to prohibit the assembly of four or more people in any given location, at any time. This is because the population across metropolitan cities is highly dense. Hence, the chances of infection are greater.
In addition to the law mentioned above, Maharashtra's state has declared non-movement and closure of public, religious institutions, and education facilities (schools and colleges). The state of Maharashtra is the worst affected state in India, with over 301702 active cases, as of 20th Oct 2020. Coupled with inadequate healthcare facilities, failed civic sense, and improper municipal management, Maharashtra has become a hotspot for COVID-19 infections.
In such drastic times, considering renewing your car insurance seems to be a far fetched idea. Just because you are not utilizing your car due to work from home policy, it does not mean that you should avoid car insurance policy renewal. You must keep your vehicle protected at all times.
Here are a few tips and tricks on car insurance renewal while maintaining social distancing.
Online Renewal - The best method of car insurance renewal is to do it online from the comfort of your home. The online mode is safe, reliable, hassle-free, and completely paperless. Plus, you can also avoid the risk of going out to a branch or meeting an insurance agent. With Coverfox, you can renew your car insurance plan online in under 5 minutes. You can even do it on the go with your smartphone. All you have to do is visit Coverfox, enter the requested details, and handle the rest. In addition to online renewal, you can also compare and buy new car plans on Coverfox.
Review the Policy Online - Now that you have decided to renew your car online, you can also do some extensive research on your existing car insurance plan. This step will help you determine if your existing cover and benefits are sufficient. Look for changes in the rate of premium being offered. You can also switch to a new insurer via car insurance plan portability if you are unhappy with your existing insurance company's services. In addition, you can also seek rider options that will enhance the existing cover of your four-wheeler insurance policy.
Premium Hike - It is advisable that you do not miss out on your premium payment amount. If you miss out on the due date, you still have a 15 days grace period; make full use of it. If there is a gap between the date of policy expiry and renewal, your insurer will increase the price of the premium amount or may altogether reject your renewal proposal. Your car will also be subject to fresh vehicle inspection by the surveyor, as directed by the insurance company. This will further delay the time taken for renewing your expired policy.
No Claim Bonus - No Claim Bonus or NCB is a discount on the renewal premium amount. It is only applicable if you have not made any successive claims over the past year. You can claim up to 50% as an NCB discount! But if you do not renew your policy in time, you will lose the benefit of NCB. For most car insurance plans, you have a time period of 90 days post the policy expiration date (including the grace period) to renew and claim a discount for NCB.
Get Covered - One of the simple reasons to renew your policy is to stay covered even during the pandemic. Even if your car is not utilized properly, it is still subject to depreciation, wear, and tear, fire, theft inside your garage.
If you are looking to buy, compare, or renew a car insurance plan, look no further. We at Coverfox have created an entire list of the top car insurance plans in India for 2020, along with the list of cashless garages, personal accident cover type, and premium amounts.
|Plan Name||Cashless Garages||Personal Cover||Starting Premium|
|Universal Sompo Limited Third-Party Plan||NA||Up to Rs. 15 lakhs||Rs. 1972*|
|United India Limited Third-Party Plan||700+||Up to Rs. 15 lakhs||Rs. 1972*|
|SBI General Limited Third-Party Plan||5400+||Up to Rs. 15 lakhs||Rs. 1972*|
Oriental Insurance Limited Third-Party Plan
Oriental Insurance Comprehensive Car Insurance Plan
|5400+||Up to Rs. 15 lakhs||Rs. 1972* / Rs. 3412*|
New India Assurance Limited Third-Party Plan
New India Assurance
Comprehensive Car Insurance Plan
|NA||Up to Rs. 15 lakhs||Rs. 1972* / Rs. 3056*|
National Insurance Limited Third-Party Plan
National Insurance Comprehensive Car Insurance Plan
|NA||Up to Rs. 15 lakhs||Rs. 1972* / Rs. 3144*|
|IFFCO TOKIO Limited Third-Party Plan IFFCO TOKIO Comprehensive Car Insurance Plan||4300+||Up to Rs. 15 lakhs||Rs. 1972* / Rs. 3076*|
|HDFC ERGO Limited Third-Party Plan HDFC ERGO Comprehensive Car Insurance Plan||6800+||Up to Rs. 15 lakhs||Rs. 1972* / Rs. 3065*|
Edelweiss General Limited Third-Party Plan
Edelweiss General Comprehensive Car Insurance Plan
|1000+||Up to Rs. 15 lakhs||Rs. 1972* / Rs. 2791*|
|Go DIGIT Limited Third-Party Plan Go DIGIT Comprehensive Car Insurance Plan||1400+||Up to Rs. 15 lakhs||Rs. 1972* / Rs. 2772*|
|Bharti AXA Limited Third-Party Plan||5200+||Up to Rs. 15 lakhs||Rs. 1972*|
|Royal Sundaram Comprehensive Car Insurance Plan||4600+||Up to Rs. 15 lakhs||Rs. 3367*|
|Reliance General Comprehensive Car Insurance Plan||3700+||Up to Rs. 15 lakhs||Rs. 3130*|
|NAVI General Comprehensive Car Insurance Plan||Up to Rs. 15 lakhs||Rs. 2584*|
|Magma HDI Comprehensive Car Insurance Plan||NA||Up to Rs. 15 lakhs||Rs. 2566*|
|Liberty General Comprehensive Car||4300+||Up to Rs. 15 lakhs||Rs. 3150*|
|Kotak Mahindra Comprehensive Car Insurance Plan||1000+||Up to Rs. 15 lakhs||Rs. 2727*|
|Future Generali Comprehensive Car Insurance Plan||2500+||Up to Rs. 15 lakhs||Rs. 2932*|
|BAJAJ Allianz Comprehensive Car Insurance Plan||4000+||Up to Rs. 15 lakhs||Rs. 3326*|
|Chola MS Car Insurance||4000+||Up to Rs. 15 lakhs||NA|
The information mentioned above has been sourced from the official website of the respective owners. The premium amount is not standard and depends on the applicable factors of your vehicle, location, insurer, etc. (Last updated on 20.10.2020)
In Simple Words,
Renewing your car insurance premium on time is beneficial in multiple ways. Be it pandemic or not, you can always buy, compare, and renew your car insurance plan on Coverfox. Get complete details online today.