PolicyBazaar Car Insurance 2023 : Policy Bazaar is a finance website in India where you are provided with all kinds of information. Whether it is personal loan, credit card, bank account or even insurance, you get all kinds of information on only one website. Along with this, you can choose the product according to your need. Friends, through this article.
We will provide you information about Car Insurance offered by Policy Bazaar, such as Policy Bazaar has done car insurance, how to buy, how to renew, how to claim insurance, insurance What is the settlement ratio for making a claim. Along with this, we will also provide answers to some important questions related to Policy Bazaar Car Insurance.
What is PolicyBazaar Car Insurance
Policy Bazaar is working as a finance website in India, which has partnership with many finance companies and banks. One can easily take car insurance through Policy Bazaar.
Car insurance is a mandatory policy that covers the cost of damages to your car due to unforeseen events like theft, collision, etc. Under this policy, the insurer may provide financial assistance to third parties for any damages as well as the cost of all or part of the repair or replacement.
Policybazaar Car Insurance Policy Key features
| PolicybazaarCar Insurance | Details |
| Article name | Policybazaar Car Insurance |
| Insurance Policy Name | Policybazaar Car Insurance |
| Minimum age to buy insurance policy | over 21 years |
| required documents | Driving Licence, Aadhar Card, Vehicle Documents etc. |
| How much claim do you get? | more than 15 lakhs |
| Where can I buy an insurance policy | online from official website |
| is it safe | Yes it is safe, it has been bought by more than 51 lakh people. |
| Review And rating | 4.8/5 |
Policy Bazaar Insurance Policy Features
Policy Bazaar Car Insurance comes with a host of features which we have mentioned in the table below.
| Key Features | Benefits Offered |
| Third Party Damages | Covers both third-party injuries & property damages |
| Own Damage Cover | Available under standalone & comprehensive plan |
| Personal Accident Cover | Up to Rs 15 lakh |
| No Claim Bonus | Up to 50% |
| Add-On Covers | More than 10 add-ons depending on the plan |
| Car Insurance Premium | Starting @ ₹2094/year |
| Buying/Renewal Process | Online & Offline |
| Cashless Repairs | Available |
| Customer Support | Available |
PolicyBazaar Car Insurance Policy Types in India
A car insurance policy covers insurance for your car against any damages and risks caused by natural calamities like flood, earthquake, cyclone, accident and theft. Generally the policy market offers three types of insurance for car insurance.
Third-Party Car Insurance
Third party car insurance policy covers damage caused by a variety of perils and perils such as car damage, bodily injury, death, disability as well as provides coverage for property damage. The coverage offered in case of death is unlimited, while for loss of property, one can get premium coverage of Rs 7.5 lakh.
Comprehensive Car Insurance
A business insurance policy provides coverage for damages caused to third parties as well as to your own car. As compared to third party liability insurance, a comprehensive car insurance policy provides business coverage, more benefits and covers damages to the insured car in case of accident, collision, theft etc.
Own Damage
Own damage policy provides coverage to the policyholder in case there is any kind of damage to their car. Third-party insurance doesn’t cover your own losses, so you’ll have to buy it separately.
Why Buy From PolicyBazaar Insurance ?
Car insurance offered by policybazaar.com website should be chosen because here you can remove your policy in less than 2 minutes, buy online, apart from this a vehicle insurance policy comes with many features. Which can be very beneficial for the policyholder. Here are some features you should know about:
- You can buy online without any hassle.
- You can renew your policy online from where you live in India.
- Car insurance can be bought only in 2094/ year.
- Offers the facility of more than 20+ insurance policies.
- So far more than 51 lakh people have bought insurance policies through PolicyBazaar.com, hence it is a reliable website.
- You can claim insurance through online video.
- For any problem, 24*7 customer support is available, through which you can also buy an insurance policy.
- You can add or remove any particular add-ons as per your requirement. You can also buy and renew the insurance plan.
- Car insurance not only provides cover for damage caused due to accident but also covers you against theft, natural calamity, fire damage, vandalism, man-made calamities etc.
- In case of accident and theft, you can avail the benefit of cashless claim by providing sufficient evidence.
- Car insurance also offers no claim bonus facility. Under this facility, if you do not make a claim during the policy term, the insurer will provide you a specified discount on the premium or on purchasing any other add-on. It varies from insurer to insurer.
- Insurance companies come up with various plans and add-ons to provide you better coverage as well as help in case you get stuck during the claim process.
Eligibility for PolicyBazaar Car Insurance
There are some terms and conditions for taking policy bazar car insurance, if you follow the terms and conditions then you can easily apply online in less than 2 minutes.
- You must be an Indian citizen.
- You must be above 21 years of age.
- You must have all the necessary documents for the new, used, second hand car.
- You should also have driving license, aadhar card, pan card etc.
- It is mandatory to have mobile number linked with Aadhar card.
- You must have salary slip, ITR slip.
- You also need to have a bank account number.
- You can use Wallet, UPI, Paytm, Phonepe, Google Pay, Debit Card , Credit card to make payment.
- To register, it is also necessary to have a smartphone, internet connection.
How to Buy Policybazaar Car Insurance Online?
To buy a car insurance policy online, you can follow the steps given below:
Step1 . First of all go to Policybazaar official website.
Step2 . After that create your new account.
Step3 . After this choose the policy according to you and compare them with other insurance policies
Step4 . After selecting the policy read the terms and conditions and then click on “Proceed”.
Step5 . You can then add or remove add-ons from your policy. However, you can buy add-ons only if you are buying a business policy.
Step6 . After that make an online payment for the chosen policy, you can use your Debit/Credit card, UPI and Net Banking to pay the premium amount.
Step7 . Once the payment is done, the insurer sends you the policy document on your registered email id as well as at your home address.
Note: While choosing a car insurance policy, carefully look at the terms of condition, cover ratio, premium amount, etc., otherwise there may be many problems in future. Your car insurance policy details including the policy expiry date will be displayed.
Check Vehicle Insurance Status Online PolicyBazaar
Policy Bazaar can check the commencement date and expiry date of the policy to know the online status of car insurance. You can also check the status of your policy online at the website of Insurance Information Bureau (IIB) or Vahan e-services. All you have to do is enter your car details on the website and submit them. After this, you will be able to check the details of your car insurance policy including the expiry date of the policy.
Policybazaar Car Insurance Renewal Online
Whenever you are taking car insurance from policy market then you need to know this information that how you can renew your insurance policy You can follow the steps given below to renew car insurance policy online
Step1 . First of all go to the official website.
Step2 . Select the Insurance renewal section to renew your policy.
Step3 . After this fill all your personal information such as your policy number, mobile number, date of birth etc. After filling others, “Submit”.
Step4 . Enter the registration number of your vehicle whose policy you want to renew.
Step5 . Then choose the riders or add-on covers you want to buy or discard.
Step6 . Now you have to pay the premium of the chosen policy online. For online payment, you can use Credit Card, Debit Card, Mobile Banking, Internet Banking, UPI.
Step7 . Once the payment is successful, your insurance policy renewal process is completed and you will receive the policy document for your renewal car insurance on your registered email id.
Note: After paying for the policy, you can take a screenshot or you can get a photocopy of the insurance policy and keep it with you, so that you can use it when needed.
Policybazaar Car Insurance Claim
If you have purchased car insurance through Policy Bazaar then you must know how to claim car insurance as your application may get rejected if you do not claim insurance with correct information. Insurance for your car You can follow the steps given below to make a claim.
Step 1 : Raise a claim request – In case of an accident, share the details of the accident with your insurer company immediately. Apart from this, you must also do photography photography of the place, vehicle photo, location etc. to support your case.
Step 2 : Inspection – After the claim registration is done, the insurer will send an inspector to survey the claimed damages.
Step 3 : Sending the car for repair – Once the inspection is complete, you can send your car to your nearest cashless garage for repair.
Step 4 : Claim Settlement – Now the insurer will cover the repair bills directly with the network garage. However, if you have opted for reimbursement claims, you will have to pay the bills first and then get reimbursed. Only after this you will have to apply again for settlement of the claim.
Required Documents for Car Insurance Claim
To take online policy market car insurance, the following documents will be required which are as follows:
- Driving license
- Car Registration Certificate (RC)
- A photocopy police FIR
- Hand filled application form by the policyholder
- Certificate of fitness for commercial vehicles
- Insurance document verified by a witness
Note: The insurer will settle your claim within a week from the date of submission of all required documents.
Policy market Car Insurance Premium Calculator
You can check your car premium by using Policybazaar Car Insurance Premium Calculator. The cost of car insurance is decided on the basis of several factors. It is also easy to find out the car insurance premium using the online car insurance calculator. Car insurance depends on many factors such as Age and Type of Car, Engine’s Cubic Capacity, Geographical Zone, etc. You can check your premium amount.
What does Policy Bazaar car insurance cover?
- Loss or damage to the insured vehicle is covered.
- Covers loss or damage to your vehicle due to accident, theft, fire, explosion, self-ignition, lightning, riots, assault or acts of terrorism, natural calamities.
- Also covers financial liability due to injury/death or damage to property of a third party.
- personal accident insurance cover
- What does policy bazar car insurance not cover?
- Loss or damage will not be covered if a policy is not in force
- Car and its parts will not get cover even if they break down gradually
- Financial assistance will not be available on loss or damage to the vehicle caused by a person driving a vehicle without a valid driving license
- No help will also be given on loss or damage to the vehicle as a result of intoxication of drugs, alcohol etc.
- Also nothing will be received on damage or damage to the engine as a result of an oil leak
- There is also no cover against loss or damage to the vehicle as a result of misuse of the guidelines of the car manufacturer.
My Thoughts on Policybazaar Car Insurance
If I tell about my personal experience, Policy Bazaar is a reliable website in India where new plans are available with discount offers by partnering with many finance companies and banks. Insurance policy is available on this website as per the requirement of the user. Additionally, Policy Bazaar is a well-known company and the main reason for its popularity is 24×7 customer support, well-designed insurance plans and hassle-free insurance claim process.
Policy Bazaar Car Insurance Contact Number
The Customer Service Department of Policy Bazar Company Limited is available 24*7. The main objective of the customer service department is to provide service to solve all the queries of its customers. All customers who require assistance or wish to reach out to the Customer Service Department can call.
Request a Call Back : Click Here
Chat With us : Click Here
Connect on Whatsapp at : by +91-8506013131
My Last World:
In this post, we have learned that we have provided information about Policybazaar Car Insurance How to get, Policybazaar Insurance Buy/Renew Online, Benefits, Customer Care Number, Reviews. I hope this article is getting help for you, for similar latest information, you can follow us on social media platform and get the solution of your problem. Friends, thank you very much for reading this article till the end!
FAQ’s – Policy Bazaar Car Insurance
Q. What is Car Insurance?
Ans. Car insurance, also known as vehicle insurance or motor insurance, this insurance provides financial protection to you and your four wheeler against any loss or damage caused by accidents, thefts, fires, calamities.
Q. Policybazaar Car Insurance Claim Settlement Ratio
Ans Policy Bazaar provides premium amount for claiming car insurance within 1 week. You also get instant customer support on this finance website besides its insurance claim ratio is 92.83%.
Q. Policybazaar Car Insurance Claim Form
Ans. You can download the Policy Bazar Car Insurance Claim Form through the official website and after that you can easily claim the insurance sitting at home by following the steps given above for your insurance.
Q. Policybazaar Car Insurance Cancellation
Ans. To cancel or cancel the car insurance policy offered by Policy Bazaar, you can do it from the official website, through live chat, by chatting on WhatsApp. Apart from this, you will also be able to cancel the policy chosen by you by calling the customer care.
Q. Policybazaar Car Insurance Zero Depreciation
Ans. Zero Dep stands for Zero Depreciation Car Insurance. It is an add-on cover that allows the policyholder to receive compensation up to the Insured Declared Value (IDV) or the current market value of the car.
Q. When should you renew your car insurance policy?
Ans. The policyholder should renew his car policy before the expiry of his existing policy.
Q. How many times can we claim car insurance in a year?
Ans: You must check your policy document to know how many times you can claim your four wheeler insurance policy in a year. To claim car insurance, different insurance companies allow multiple claims in a year.
Q. What is bumper to bumper car insurance policy?
Ans: Bumper to bumper car insurance refers to an insurance policy that provides complete protection to the insured car without considering the depreciation of its parts. In other words, this type of car insurance will protect the policyholder from the loss or damage of the vehicle. Allows to get compensation up to the market value of the car in case of damage. However, it attracts around 20% higher premium as compared to your regular 4-wheeler insurance policies.
Q. What is cashless facility in car insurance?
Ans: Cashless facility means that you do not need to pay anything for your car repairs. Also, your insurance company will pay the bill amount directly to the garage. If your insurer offers cashless.
Q. How do I get a duplicate copy of my car insurance policy online?
Ans: You can get a duplicate copy of your four wheeler insurance policy online by downloading it from the website of your motor insurer. All you have to do is log in to your account on the website and enter the required personal information to receive a copy of your policy on your email. You have to enter the information. You can download the duplicate policy from the email sent to you.