Car insurance is an essential service designed to safeguard vehicle owners against financial losses arising from accidents, theft, or damages. Offered by various reputed insurance companies, car insurance ensures peace of mind for drivers by providing tailored coverage plans. These companies typically provide services like third-party liability, comprehensive coverage, and add-ons such as zero depreciation, roadside assistance, and engine protection.

For further convenience, customers can conveniently pay their Car Insurance premium online using Bajaj Pay, the BBPS platform on Bajaj Finserv. It offers flexibility and ensures accuracy in insurance premium payment. With multiple payment options, Bajaj Pay simplifies the process for users. Once payments are made, insurance statement can be downloaded, serving as valid proof of payment.

Key benefits of using Bajaj Pay for insurance premium payments

• Easy payments: Pay your insurance premiums seamlessly from your phone or computer.
• Organised receipts: Download and store digital copies of premium receipts for hassle-free documentation and financial planning.
• Secure transactions: Experience dependable and safe payment processing on the trusted BBPS platform.

Download Car Insurance premium statement

To download your premium statement, visit your insurance provider's official website or mobile app. Look for the 'POLICY DOCUMENTS' or 'STATEMENTS' section under your account dashboard. Alternatively, insurers also email the statement annually or upon request. Ensure you have access to your registered contact details and policy number before initiating the download process.

If you encounter any issues, the customer support team is available to guide you. They can provide the statement via email or direct you to the right platform. Always keep a backup of the premium statement for future reference, ensuring all information aligns with your policy.

Benefits of having your Car Insurance premium statement

• Proof of payment: Serves as evidence of your premium payment for the insured period.
• Policy details: Provides a comprehensive overview of policy terms, coverage, and validity.
• Ease of renewal: Simplifies the renewal process by ensuring accurate premium calculations.
• Tax compliance: Facilitates easy tax filing by detailing insurance premiums paid during the financial year.
• Claim process: Supports claim settlement by verifying active policy status and coverage limits.
• Legal requirements: Acts as proof of compliance with mandatory motor insurance regulations.
• Record keeping: Helps maintain an organised record of your insurance documents.
• Transparency: Encourages clarity and trust in transactions between the policyholder and insurer.

Car Insurance customer support for premium statements

Car Insurance customer support for premium statements

1. Helpline Numbers: Most insurers have a 24/7 toll-free customer care number. Call the helpline and provide your policy number for assistance.

2. Email Support: Customers can email their queries to the official email address provided on the insurer’s website. Include policy details for a quicker response.

3. Live Chat: Many insurers offer a live chat feature on their website or app. Use this for real-time guidance.

4. Mobile App Assistance: Insurers' mobile apps have integrated support options to help users download their premium statements.

5. Branch Support: Visit the nearest branch office if online or phone assistance isn’t accessible.

For detailed information, check the ‘CONTACT US’ section on your insurer’s official website. Ensure you provide accurate details during communication for faster assistance.

Steps to pay your insurance premium on Bajaj Finserv website

For making your insurance premium payment through the Bajaj Finserv website, follow these steps to obtain the receipt:

1. Visit the Bajaj Finserv website.

2. Navigate to the ‘BILL AND RECHARGES’ under the ‘PAYMENTS’ section

3. Under ‘FINANCIAL SERVICES AND TAXES’, select ‘LIC/INSURANCE’

4. choose your biller from the drop down

5. Enter your loan number and click on ‘FETCH YOUR BILL’

6. Select your preferred payment mode

7. Enter requested payment details

8. Check the details and click on ‘PAY NOW’

Fees and charges

Depending on the transaction amount and payment mode, a convenience fee of up to 2% (inclusive of applicable taxes) will be charged. For more information on fees and charges, click here.

Note: For failed transactions, the total amount, including charges except taxes, is reversed.