Now Purchase A Car Insurance Policy from Your Postman
In India, purchasing a car insurance plan is mandatory to hold at least a third party by every car owner, as per the Indian Motor Tariff. Driving without insurance can penalise you as per the Indian motor laws. As per the current provisions, you can buy a car insurance policy online or through a car insurance policy agent or even by visiting the branch of a car insurance company.
From 1 July 2021, the car owners will be able to purchase a car insurance plan from their postman. Now onwards, India Post by Indian Post Payment Bank (IPPB) will be selling car insurance plans to customers.
Anyone who wants to purchase car insurance can now visit their nearest post office or even can schedule a postman’s visit to his or her home by calling 155299 or by making a request on Post Info App. To avail of this feature at the comfort of home, you should own an account with India Post Payment Bank (IPPB). The bank has got its ties with Tata AIG and Bajaj Allianz general insurance companies.
Who Can Purchase Car Insurance from India Post?
At present, the facility of car insurance policy to sell by postman will be available only at the Prayagraj and Kausambi districts of Uttar Pradesh. Anyone there who possess an account with the Indian Post Payment Bank (IPPB) is allowed to buy car insurance from India Post. To purchase a policy, a customer should present the RC (Registration Certificate) of the car along with the last car insurance cover, if any, to the postman. If a person does not hold an IPPB account, no need to fret, as the account can be opened within a few minutes by sharing the Aadhaar card and mobile number.
Benefits of Buying Car Insurance From India Post
There are several benefits of buying car insurance from India Post which include:
1. Quite Convenient – The facility allows customers to schedule a home visit by a postman instead of making a visit to the post office. This makes the process quite comfortable for everyone.
2. Reduced Paperwork – The complete process of car insurance purchase through India Post is digitally supported and needs no paperwork or physical documentation from customers.
3. Easy Payment Option – The payment of car insurance premium is to be made directly from your IPPB account, which makes the payment process simple and secure.
4. Fast Process – Apart from being a convenient and safe process, the purchase of a car insurance policy from IPPB is also a quick one that makes the policy issued instantly.
Over the decades, insurers are indulged in making the car insurance policy purchase process simpler. Earlier, people had to visit the insurance company’s office to buy a plan but now they can buy it online. Now another feather in the cap is added with the introduction of the Indian Post Payment Bank for policy purchase with the help of RC and previous car insurance policy.
You may also like to read:
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.