What happens if my policy is expired?

If you allow your insurance policy to expire, you risk losing the benefits of the insurance cover and you might have to pay from your own pocket for the repairs before buying a new car insurance policy.

Can an expired policy be renewed?

If your policy has expired for a lot of days, it might take longer for you to renew the plan. However, in the case of an expired policy where there is an inspection required, the policy cannot be renewed instantly without the inspection process.

What happens if I renew my insurance after expiry?

If the inspection of your vehicle is satisfactory, the insurance company will issue the cover note within 2 working days. If you renew your expired policy after 90 days, then you will lose the NCB benefit. If you renew your insurance after 1 year or more, then your break-in case will be referred to the underwriter.

How do I renew my insurance?

Steps to renew car insurance online:

1. Visit the insurance website & login to your account.
2. Click on Renew Option.
3. Renew the Car Insurance using credit/debit card or internet banking.
4. Avail a digital copy of insurance policy.
5. Dispatch of hard copy through courier.

What happens if car insurance is not renewed on time?

In case you fail to renew the policy before its expiry date, the policy will lapse. If you do not have car insurance, you are legally not allowed to drive in India. You may have to pay fine to traffic police due to non renewal of your motor policy.

What is the grace period on car insurance?

The grace period for late payments before your policy lapses varies by insurer and by state. The grace period is typically anywhere between one and 30 days. It is very important to know the grace period for your policy and to contact your insurer if you expect to make a late payment.

Do I have to pay car insurance every year?

Since you have paid the premiums in advance, you need not worry about renewing the insurance policy every year. All you have to do is to pay the premium once and get the freedom from the renewal of your policy for three to five years as per your vehicle.