How Digital Policy Tracking Helps Drivers Stay Insured and Compliant

Did you know that failing to stay insured can cost you more than just peace of mind; you could face fines of ₹2,000 to ₹4,000, possible jail time, or even have your vehicle seized? Yet many drivers still miss renewals simply because they lose track of their vehicle insurance renewal dates.

Digital policy tracking fixes this by keeping all of your insurance information in one place and letting you know before you break the rules. It makes it easy to stay safe and helps you avoid hefty fines. Let us take a closer look at the 5 main benefits of digital tracking of insurance policies.

5 Key Benefits of Digital Insurance Policy Tracking for Drivers

Every year, the digital insurance market in India grows by about 32-34%. One of the things they do for their customers is make it easier for them to access and track their vehicle insurance policy online.

Many online insurance companies in India allow their policyholders to keep track of their policies digitally through their mobile apps or websites. Users can just log into their accounts to see how their current insurance policy is doing.

Here are some of the benefits that digital insurance tracking offers to policyholders:

1. Real-time Status Updates

Drivers can check the status of their insurance policy right away with a real-time status update. This ensures they are always covered and in compliance with the law.

2. Automated Renewal Reminders

The mobile app of your digital insurer is able to automatically send alerts when a vehicle insurance policy is nearing its expiration date. This gives drivers ample time to renew and prevent accidental lapses in coverage.

3. Accessible Digital Proof of Insurance

Most digital platforms provide an electronic version of the insurance policy to their customers during purchase. These enable the drivers to easily access the policy on their mobile phones. This digital proof also serves as valid proof of insurance for law enforcement and vehicle registration purposes.

4. Centralised Record Keeping

With your insurer’s mobile application, all of the policy documents, communication logs, and claim histories are stored in one secure, digital location. This removes the hassle of managing physical paperwork all the time. Additionally, it also simplifies access to vehicle insurance policy tracking.

5. Improved Compliance and Reduced Risk

The Indian Motor Vehicle Act of 1988 mandates a minimum of third-party insurance for all vehicles on Indian roads. Thus, by ensuring policies are always renewed on time, digital tracking significantly reduces the risk of fines, license suspension, or vehicle seizure.

Steps to Renew your Motor Insurance Online to Stay Compliant

To renew your motor insurance from a digital insurance company online, you just need to have an account with the insurer. You can just register your mobile number to do so, and from here, your journey is very easy.

You just need to follow the three basic steps below to get your vehicle insurance online.

1. Provide Your Vehicle Information

Enter key details such as the registration number, make, model, manufacturing year, and any existing policy information. This helps you view accurate renewal quotes.

2. Pick the Plan and Optional Covers

Select the policy type, duration, and any extra protection you may need. You can choose from multiple options designed to match your vehicle’s requirements.

3. Make the Online Payment

After choosing the suitable plan, pay the premium through a secure online method. Your renewed policy document will be delivered to your Gmail immediately.

5 Ways to Save Money While Getting Insurance for Legal Compliance

Here are some tips that can help you save a lot of money on your car insurance:

1. When you renew your policy, check to see if the level of protection it offers still meets your needs. Smartly raising or changing it can help you avoid spending more money later.

2. Make the plan your own by only adding the extras you really need, like services for your engine or your keys. To save money, remove any optional covers you no longer need.

3. Pick a provider that works with many repair shops that don't take cash. More network garages mean faster help and fewer costs that you have to pay yourself.

4. Take advantage of the No Claim Bonus (NCB), which lowers your premium for years when you don't make a claim. This discount can make renewal fees a lot lower.

5. If you want to switch insurance companies, look at their claim settlement ratios. A company with a high settlement rate can help you avoid extra work, stress, and costs when you make a claim.

Bottom Line

Digital motor insurance companies are on the rise in the Indian market. They provide services such as digital policy tracking through their applications and websites. Digital tracking helps the policyholders renew their insurance on time, keeping them legally compliant. So, get your motor insurance online today from a digital insurer and do not worry about policy lapses anymore.

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