Get your car insured through mobile phone
"Policy on the go", is a mobile application that you can download on your mobile and get instant quotes generated once you input all the factors asked for. The e-policy will be issued to you online as soon as the cheque gets realised and the documents and on-ground verification is in place.
The launch will necessarily reduce the time taken to get policies issued. You can do it on your own without the involvement of any sales agent. Besides, sales agents can also use the technology to help you get policies instantly. It reduces paper work as well as the other hassles and errors associated to it.
Almost all the other companies do offer online insurance plans for vehicles. Other websites also offer a comparison of policies that are most suitable to you on basis of what factors you input that govern your choice. But Cholamandalam MS is the first company to have gone a step further for ease of access by introducing the mobile application.
Online policies are different from the offline ones in the sense of the process by which the application is generated. Once the application gets confirmed, the process of verification of documents is initiated and a personal verification of the vehicle by the surveyors takes place. Once that is completed, the e-policy gets issued to you and gets delivered into your mail box, followed by the hard copy which could take anything between five to 10 days to get issued. The electronic copy is a valid proof of the policy, in case an event takes place before the hard copy gets issued, since it is digitally signed by the issuer.
The other good thing is, since it reduces the time and the resources required to complete the process, it reduces the costs for the company and the benefit might be passed on to the consumer. For that, we will have to wait and watch.
Best Regards
Prakash Nair
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