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How to avoid car insurance scams in 2024

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1. Fake car insurance policies

Before finalizing an insurance policy, conduct your own research and find out about the company and the agent. 

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2. Read all the terms and conditions

Read the terms and conditions thoroughly. Consult an expert if you don’t understand some jargon mentioned in the policy.

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3. Check car policy number

Always check the car policy number provided by the insurance company when you buy a policy.

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4. Know the company details

Before buying a policy, verify if there are any other companies operating under the same name. You can find this information online on the IRDAI portal.

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5. UID number

Insurance companies are given a unique UID number from IRDAI. This is mostly mentioned in the insurance policy. If this number is not mentioned in the policy, it may be fake. 

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6. Checking the QR code

According to IRDAI guidelines, every insurance company must include a QR code. It contains all the details regarding your policy. 

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7. Online payments

Rather than paying through cash, make the payment online. If you are writing a cheque, make sure it's made out to the insurance company, not the agent

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