You need to submit certain essential documents while purchasing a car insurance policy. Read on to understand the types of documents required to buy car insurance without any hassle!
Last week, Preeti Nath, a 29-year-old professor, was at the showroom to purchase her dream SUV. The formalities were done, and she was all excited to take the car to her parents. That’s when the dealer reminded her, “Ma'am, you will need car insurance before you start driving your car!”Preeti soon realised she didn’t have all the required documents. What should have been a quick process stretched into hours of back-and-forth.
This is a common mistake that several first-time car buyers commit. When planning to buy car insurance, it is essential to have all the necessary documents for the purchase. It saves you from unnecessary back-and-forth and ensures a quick policy purchase.
List of Documents Required for Car Insurance:
To purchase car insurance, you must submit a few documents to your insurer. The list of documents required for car insurance is:
You need to submit a duly filled and signed insurance proposal form. Get it from the nearby insurance office or download it from the official website.
Car owners must submit proof of vehicle ownership. The invoice is not only essential for buying car insurance, but it is also used to calculate the Insured Declared Value (IDV) of the vehicle.
Note: IDV is the amount your insurer pays if your vehicle is damaged beyond repair or stolen.
Tip: You can purchase a return-to-invoice add-on cover. It ensures you receive the invoice value of your car if it is damaged beyond repair or is lost.
A copy of the RC (Registration Certificate) book for the car is also required to purchase car insurance.
As an identity proof, you can submit your Aadhaar card, PAN card, driving license, voter ID card, or other similar identification documents.
Address proof is also required for the applicant to buy car insurance in India. You may submit any of these: your Aadhaar card, voter ID card, driving license, etc.
Note: The list above mentions common documents required for new car insurance. The list may differ depending on the insurance provider!
KYC: Is it mandatory to buy Motor Insurance?
Whether you plan to buy a new car insurance policy or renew your existing one, it is mandatory to fulfil KYC requirements. As of January 1, 2023, it has become compulsory for everyone to submit KYC documents for general insurance, including motor insurance.²
How to Buy Car Insurance?
Once you have all the essential documents in order, the next step is to purchase car insurance. For a hassle-free experience, Generali Central lets you purchase car insurance online. Here are the steps you need to follow:
On the home page, select “motor insurance” and specify the type of insurance policy you require for your car.
Then, click on “Buy Online” to begin your online buying journey.
Then you need to choose the type of policy you wish to purchase, which could be a third-party insurance plan, a standalone car insurance policy, or a comprehensive car insurance plan.
In the next step, you need to enter the details as asked and fill in the proposal form with the correct details:
After you have completed the form, you will be required to attach the necessary documents.
You may also purchase car insurance by visiting a nearby office of your preferred insurance provider. Make sure to ask your insurer, “What documents are needed for car insurance?” before you step out to save unnecessary back and forth.
Tip: You can also buy several add-ons with a comprehensive car insurance policy to expand the coverage. Common ones include roadside assistance, zero depreciation cover, and return to invoice, among others.
Common Mistakes to Avoid
Here are some of the common mistakes that you must avoid when you buy car insurance:
To purchase a car insurance plan, it is essential to submit proof of identity. Remember, the details in the identity proof must be up-to-date. For instance, if you have changed your residence, the address must also be updated.
The registration certificate also contains certain personal details of the car owner. So, those details must match the identity proof details. If you have changed your name or other details, ensure that these updates are reflected on all essential documents.
The RC, or registration certificate of your vehicle, must be updated. Outdated details or expired RC may lead to proposal rejection. Your insurer will inform you to update the RC.
It is recommended to carefully review your policy proposal form before submitting it. The details in the form must match those in the documents, especially personal and vehicle details.
Tip: Planning to buy a new car? Check out some tips to buy car insurance for your brand new vehicle!
