E-Vahan Bima Will Save You the Need to Carry Vehicle Insurance Papers
By Carandbike Team
1 mins read
Published on January 14, 2016
Apparently the E-Vahan Bima is a motor policy that will be issued in digital form by the insurer, which will come with a quick response (QR) code. This particular QR code will contain all the details of the policy and the traffic police authority can scan it to fetch all the details of the policy. These information will be available for the authorities to be taken from the database of the insurer or from the central database of Insurance Information Bureau.
To test out this policy, the Insurance Regulatory Authority has asked the insurance companies to issue insurance policies, particularly in the state of Telangana, in electronic form along with the physical form from December 01, 2015 onwards. On purchase or renewal of insurance policy, the digital format of the policy will be sent to the policy holder. The digital format can be read on smartphones. If the policyholder doesn't have an e-mail, an SMS will also be sent to the policyholder with the details of the insurance policy.
Now what's interesting is that if the documents are digitized it will be difficult to use a fraud motor insurance policy as it can be easily verified using QR code. Moreover insurers claim that the digital format will help in saving some cost as well, which could be passed on to the consumers.
Commenting on the same Sanjay Datta, chief of underwriting and claims at ICICI Lombard General Insurance Company said, "It will be convenient for the policy holders as they don't have to carry the insurance policy in physical form and it may result into some cost reduction eventually as the insurance companies will also save on the cost of sending the documents to the policyholders."
Last Updated on January 14, 2016
Great Deals on Used CarsView All Used Cars
- 11,300 km
- 39,000 km
- 9,700 km
- 57,000 km
- 67,255 km
- 60,000 km
- 1,600 km
- 19,000 km
- 20,000 km
- 53,232 km
6 hours ago
The partnership looks to set up 7,000 electric vehicle charging stations across India.
7 hours ago
Stellantis and Ample have already established a pilot program that will begin in Madrid, Spain, in 2024 and will be using 100 Fiat 500e EVs within Stellantis Free2move car-sharing service.
8 hours ago
The one-off creation is mechanically identical to the standard Chiron Super Sport but features elements inspired by the Type 57 SC Atlantic such as the bespoke paint finish and chrome grille.
10 hours ago
Bridgestone will take over from Hankook, which is the present tyre supplier for the single-seater electric racing championship.
10 hours ago
Measures undertaken by Renault include complimentary road-side assistance, expedited insurance claim settlement and extended working hours at service centres.
11 hours ago
The imminent plan to deploy charging stations was shared by the chairman of the Adani Group Gautam Adani.
11 hours ago
Owners can avail of these services until December 31, 2023.
12 hours ago
Special services also include complimentary towing, expedited insurance claims and repairs, and special offers on new vehicles in case the car is a total loss.
13 hours ago
The S1 X+ comes with a 3 kWh battery pack and has a claimed range of up to 151 km.
1 day ago
The latest iteration gets a slew of updated features and mechanical upgrades.
1 year ago
We list out few important factors that can be the difference between getting your vehicle insurance claim accepted or rejected.