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Frequently Asked Questions (FAQ)
The premium for new motor insurance is determined by various parameters such as IDV, deductible, seating capacity, cubic capacity, and so on. The insurance premium is established after a thorough analysis of all factors.
Most insurance policies are valid for one year, after which they must be renewed. The vehicle insurance renewal must be done before the due date so that there is no lapse in policy. In case of third-party liability, insurance for new vehicles is valid for three years.
Yes. To receive a copy of the motor insurance policy, you must make a formal request to the car insurance supplier. They will charge you a small fee and provide you with a copy of the insurance policy.
Yes, you can renew your insurance policy online through the RenewBuy website.
IDV is the market value of your vehicle, and it is an important feature that affects the premium of your insurance policy.