COMMON QUERIES ABOUT MOTOR INSURANCE (FAQS)
Can I renew my motor policy online?
Yes, you can renew your motor insurance policy online, starting 60 days before the expiry of your existing policy. In case your vehicle insurance policy has already expired, our authorised surveyor will inspect the vehicle, before policy issuance. The policy would only be issued subject to a satisfactory inspection and submission or the required documents.
Why do I need to insure my vehicle?
Your vehicle is probably one of the most expensive things you own. Insurance protects this asset and helps you cope with the financial loss caused by accidents, damage or theft. Another reason is that while driving, you are responsible for the safety of:
• Your passengers
• Your fellow drivers
• Other people’s property
Insurance helps cover the costs of potential damages or injuries in case of an unforeseen accident or theft. Above all, in India it is mandatory to have at least a Third Party Motor Insurance before you can drive on the roads.
What are the benefits of buying Motor Insurance online?
When you buy Motor Insurance online, you get an instant policy, as there is no documentation or paperwork involved. In addition, you have the advantage of choosing from multiple payment options e.g. Credit Card (Visa, Master Amex card), Net banking, Debit Card etc.
Is my No Claim Bonus (NCB) transferable?
Yes, in case you are the customer of GM Insurance, or are switching/changing to GM Insurance from any other insurance company, and have accrued some NCB from your previous insurer, you can get the same transferred, provided the vehicle is insured within 90 days of your renewal due date. The same applies if you switch/change from GM Insurance to other insurance company.