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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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An insurance policy for a car is necessary as a car is a luxurious commodity that is prone to damage. The Indian Motor Vehicles Act makes it compulsory for every car owner to hold a valid car insurance policy. There are many car insurance companies operating in the country and they sell policies both offline and online. Here are some main reasons why buying car insurance online is a smart choice:
1. Online options are cheaper than offline
The primary reason why you can choose to take an online insurance plan for your car is that online plans are cheaper compared to regular offline plans. In general, offline car insurance plans are controlled by agents who charge a certain commission. But it is different in case of online policy purchases where you only need to pay the required processing fee and no extras. Thus, you save your money by purchasing a policy online as it involves 0% agent commission charges.
2. Easy Comparison
Before purchasing a car insurance plan, you must compare it with the other car insurance plans available . You can quickly compare online policy premiums from anywhere. The online comparison helps you save a lot of time too helping you evaluate the right plan that best fits your budget and offers you the required features. You can use CreditMantri to compare different car insurance plans offered by top insurance companies with just a few clicks.
3. Minimum Paperwork
Offline car insurance plans consist of a lot of paperwork. This is a time-consuming process. Moreover, you have to make sure that everything is accurate while filling the documents. Online plans are hassle-free to purchase as you can correct any errors and fill up the online proposal forms with minimal or no paperwork.
4. Easy Renewal Process
Every car insurance plan has a specified validity period, after which it has to be renewed. In the case of offline plans, you will need to talk to the agent and pay him the renewal charges to renew your plan. Whereas, if you renew a car insurance plan online, you can pay digitally in no time and in a hassle-free and secured manner.
5. No Chances Of Manipulation
Online purchase of an insurance plan is a 100% transparent process. Thus, it has no chances of manipulations of any kind, be it your premium amount or policy terms.
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CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application