Before finalizing an insurance policy, conduct your own research and find out about the company and the agent.
Image credits: Freepik
English
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.
Image credits: freepik
English
3. Check car policy number
Always check the car policy number provided by the insurance company when you buy a policy.
Image credits: freepik
English
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.
Image credits: freepik
English
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.
Image credits: freepik
English
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.
Image credits: freepik
English
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