In today’s digital world, buying or renewing car insurance has become a seamless online experience. One of the most trusted names in this sector is Policybazaar, a leading Indian insurance aggregator. It offers users the ability to compare, select, and buy insurance plans from various insurers, all in one place.
Policybazaar car insurance is a solution designed to simplify the insurance buying process by providing customized options and a transparent comparison platform. From understanding your coverage needs to helping you with claim support, Policybazaar has changed the way Indians shop for car insurance.
This blog explores everything you need to know about Policybazaar car insurance: the types, features, benefits, buying process, renewal, claim procedure, and how it stacks up against traditional agents or standalone insurers.
What is Policybazaar?
Policybazaar is an online platform that acts as a marketplace for insurance products. It was launched in 2008 and has since become a household name in India. The portal provides a variety of insurance options like health, term life, travel, and notably, car insurance.
Unlike insurance providers, Policybazaar doesn’t sell its own policies. Instead, it partners with leading insurers to offer you competitive quotes based on your vehicle profile and requirements.
The platform simplifies the entire car insurance journey—right from quotation to claim assistance, offering complete transparency and support.
Types of Car Insurance Available on Policybazaar
Policybazaar offers access to a wide range of car insurance policies, ensuring there is something for everyone based on their needs.
1. Third-Party Car Insurance
This is the minimum legal requirement under the Motor Vehicles Act, 1988. It covers:
- Damages caused to another person's vehicle or property
- Bodily injury or death of a third party
However, it does not cover any damage to your own vehicle.
2. Comprehensive Car Insurance
This is a more complete package that includes:
- Third-party liability
- Damage to your own vehicle
- Theft
- Fire
- Natural calamities
- Vandalism
Policybazaar lets you compare comprehensive plans with optional add-ons to create tailor-made insurance coverage.
3. Own Damage Car Insurance
Introduced in 2019 by IRDAI, this standalone policy is for those who already have third-party insurance but want protection for their own car. It covers:
- Accidental damages
- Fire
- Theft
- Natural disasters
Policybazaar makes it easy to buy this policy separately and club it with your existing third-party cover.
Features of Policybazaar Car Insurance
Policybazaar's car insurance offerings stand out due to the following features:
- Real-time premium comparison across multiple insurers
- Instant policy issuance via email
- 24x7 customer support
- Customizable coverage with add-ons
- Cashless repair at network garages
- Claim assistance and guidance
With these features, users enjoy a one-stop solution that saves time, money, and effort.
Popular Add-Ons You Can Choose
To enhance your car insurance policy, Policybazaar offers optional add-on covers. Here are some popular ones:
1. Zero Depreciation Cover
This add-on ensures full claim value without factoring in depreciation. Ideal for new cars.
2. Engine Protection Cover
It covers engine repairs due to oil leaks or water ingress, which are usually excluded in standard policies.
3. Roadside Assistance Cover
24/7 help in case of a breakdown, flat tyre, battery issues, or minor repairs.
4. Return to Invoice Cover
In case of total loss or theft, the insurer pays the full invoice value including road tax and registration charges.
5. No Claim Bonus (NCB) Protector
Protects your accumulated NCB even after a claim is made during the policy year.
Why Choose Policybazaar for Car Insurance?
Policybazaar simplifies car insurance shopping in many ways. Here's why it is a top choice:
1. Wide Insurer Network
Policybazaar has tie-ups with 25+ leading car insurance companies. This wide reach ensures better choices and competitive pricing.
2. Transparent Comparison
The platform compares car insurance plans on parameters like premium, coverage, claim settlement ratio, add-ons, and customer reviews.
3. Digital KYC and Paperless Process
You can upload documents and complete the process online, without paperwork or physical signatures.
4. Discounts and Offers
Policybazaar provides exclusive online discounts, promotional offers, and cashback options.
5. Fast Claim Assistance
Their claim support team helps with claim registration, documentation, and follow-up with the insurer, ensuring a smooth experience.
How to Buy Car Insurance via Policybazaar
Purchasing a car insurance policy from Policybazaar involves simple steps:
- Visit Policybazaar.com
- Enter vehicle details such as car make, model, year, registration number
- Compare quotes from different insurers
- Select a plan with suitable coverage and add-ons
- Fill in personal details like name, mobile, email, address
- Make payment through online banking, credit/debit cards, UPI
- Download e-policy instantly
The entire process takes less than 10 minutes.
Renewal of Car Insurance on Policybazaar
Renewing your car insurance before expiry is critical to avoid inspection, penalties, or claim rejection. Policybazaar sends timely reminders and offers easy renewal in a few clicks.
Steps to Renew
- Go to the car insurance section
- Click on ‘Renew Existing Policy’
- Enter policy and vehicle details
- Review and select add-ons if needed
- Pay the premium online
- Receive the renewed policy instantly
You can also switch insurers during renewal without losing your No Claim Bonus.
Claim Process via Policybazaar
Policybazaar not only helps you buy insurance but also supports you during claims. You can file a claim through:
1. Cashless Claim
- Intimate claim on Policybazaar or insurer’s helpline
- Visit a network garage
- Survey and repair process begins
- Insurer settles directly with the garage
2. Reimbursement Claim
- Intimate claim and get car repaired at any garage
- Pay out of pocket
- Submit bills and claim form
- Insurer reimburses after verification
Policybazaar’s claim support team assists throughout this journey to reduce hassles.
Policybazaar Mobile App for Car Insurance
To further simplify the process, Policybazaar offers a mobile app that allows:
- Buying and renewing policies
- Downloading soft copies
- Raising claims
- Managing all policies in one place
The app is available on both Android and iOS platforms and is rated highly by users.
Key Insurers on Policybazaar for Car Insurance
Some of the popular insurers available on Policybazaar include:
- ICICI Lombard
- HDFC ERGO
- Bajaj Allianz
- SBI General Insurance
- Tata AIG
- Reliance General
- IFFCO Tokio
- Future Generali
- United India Insurance
Each insurer has unique offerings, and Policybazaar helps you make a choice based on your needs.
Things to Keep in Mind Before Buying
Before finalizing a car insurance policy on Policybazaar, consider the following:
- Insured Declared Value (IDV): Higher IDV means better compensation during total loss.
- Add-ons: Choose only what you need to avoid unnecessary premium hikes.
- Claim Settlement Ratio (CSR): A high CSR indicates better chances of claim approval.
- Customer Service: Opt for insurers with good after-sales support.
- Network Garages: More garages mean easier cashless repair options.
Customer Reviews of Policybazaar Car Insurance
Many users have rated Policybazaar highly for:
- Ease of comparison
- Transparent process
- Quick policy issuance
- Professional claim assistance
While most experiences are positive, some users have reported delays in claim processing, mostly due to documentation issues. It’s advisable to read all terms carefully and provide correct information.
Conclusion
Policybazaar car insurance provides a modern, simplified, and user-centric approach to buying and managing car insurance. Whether you are a first-time car owner or renewing an old policy, the platform offers a trusted, transparent, and efficient solution. From comparing policies to claim support, everything is accessible through a few clicks.
Car insurance is not just a legal necessity—it’s also your financial safety net against accidents, theft, or natural calamities. With Policybazaar, you get the benefit of expert advice, best deals, and full control over your policy decisions.
FAQs on Policybazaar Car Insurance
1. Is it safe to buy car insurance through Policybazaar?
Yes, Policybazaar is an IRDAI-approved insurance aggregator and partners with reputed insurers in India. Your policy is issued directly by the insurer, and your data is protected.
2. Can I switch my car insurance provider during renewal on Policybazaar?
Absolutely. Policybazaar lets you compare and choose a new insurer at the time of renewal without affecting your No Claim Bonus.
3. Does Policybazaar charge extra for their services?
No. Policybazaar does not charge any extra fees for its services. The premium you pay is the same as what you would pay directly to the insurer.
4. Can I buy add-on covers through Policybazaar?
Yes, Policybazaar allows you to select add-ons like zero depreciation, engine protection, and roadside assistance during the buying process.
5. How long does it take to get the policy after payment?
The e-policy is sent instantly to your registered email after successful payment. You can also download it from the app or website.
.jpg)
Leave A Comment
0 Comment