A car insurance plan entails more than just purchasing the coverage and paying the premiums. Every car insurance policy must be renewed after its period of validity if you want to continue benefiting from it. Failure to the timely renewal of your car insurance policy might have serious repercussions. And as a result, several car insurance providers are developing easy-to-use tools for renewing policies. Universal Sompo is one of them. You can renew your Universal Sompo car insurance policy either online or offline. Now, we'll go through how to renew your Universal Sompo Car Insurance policy online in just a few simple steps!
Online Renewal Process of a Universal Sompo Car Insurance Policy
Online renewal of a Universal Sompo car insurance policy after it has expired is not available. It will lapse owing to the late renewal of your insurance plan. However, depending on your policy type and coverage, they might grant you a grace period of 3 to 15 days. Otherwise, if your car insurance plan expires, you must buy a new one online.
Steps For Universal Sompo Car Insurance Policy Renewal Process - Online
Visit Universal Sompo General Insurance's official website.
Scroll down to the 'Products' section of the homepage and click on the 'Motor Insurance' option.
Once the new page opens, find and tap the "Renew" button provided there.
Three Renewal alternatives will be provided for various products; select the 'Renew Now' tab on the 'Private Car' option.
Fill out the relevant information about the insurance policy, such as the Make & Model, Registration Date, RTO etc.
Before making the payment, carefully review the terms and conditions and details of the policy.
The Universal Sompo Insurance renewal fee can be paid with a debit/credit card or using any other net banking service.
Your renewed insurance policy documents will be sent to your registered email ID.
You can maintain either a soft copy or get a hard copy of the updated insurance papers.
When Should You Renew Your Universal Sompo Car Insurance Policy?
Policy renewals must be completed prior to the expiration date of the Universal Sompo car insurance plan. For instance, if you forget to renew your auto insurance, Universal Sompo provides you with up to 90 days beyond the expiration date to do so.
For new cars, the Universal Sompo car insurance policy will be applicable for the first three years of the policy's term. And, if your car is older, you must renew it annually. The period of the renewal is also determined by the insurer. With Park+, you can explore different car insurance plans and get the finest services for your vehicle.
Benefits of Universal Sompo Car Insurance Policy Renewal
Following is a list of benefits of renewing your Universal Sompo car insurance policy:
Continuous coverage for expenditures incurred as a result of your car damage.
Roadside assistance coverage is offered in case you get stuck on the road due to an accident.
Universal Sompo has a vast cashless garage network where your claims can be resolved without any up-front payments, under the policy's limits.
Customer support is available round-the-clock.
The process of filing a claim is easy, quick, and user-friendly.
If you have anti-theft equipment installed in your vehicle, your insurance premiums will be reduced.
There is always roadside assistance accessible.
There are also other add-on coverage options available.
Policyholders who own other policies in addition to their third-party plans are eligible for add-on privileges.
Additionally, policyholders of standalone and comprehensive insurance policies also enjoy Universal Sompo's add-ons and rider benefits.
How Much Does It Cost To Renew Your Universal Sompo Car Insurance Policy Online?
The cost of renewing a Universal Sompo car insurance policy online will vary depending on the extent of coverage, the kind of policy, the age of the vehicle, the make and model of the car, the location, etc. The insurer you pick after online comparing rates with the top leading providers determines the cost of your insurance policy. In India, the average cost of renewing a car insurance policy is around Rs. 2,500 annually.
In the unfortunate event of an accident, your Universal Sompo Car insurance policy will keep you and your family financially secure. It is also important to understand that regular renewals will keep your insurance policy valid and assist you with claim settlement. A minor lapse in the renewal of your car insurance plan might deprive you of all the advantages and coverage you enjoy with it.
Buying an insurance plan for your car is not that difficult. Download the Park+ app today to keep track of all your car-related needs in one place.