Whoever you name as your nominee on your auto insurance policy will be the one to get the money in the event of your untimely demise. If you make a valid nomination declaration, the process of making a claim will be brisk and uncomplicated.
Aside from the required Personal Accident (PA) protection, your primary car insurance policy also needs to be purchased or renewed (needs to be purchased separately). You may rest assured that in the event of your untimely demise, your nominee will be taken care of financially. Thanks to the PA cover that comes standard with the plan.
How to add a nominee to car insurance?
Digital technology has made adding or changing a car insurance renewal online nominee faster and easier. Websites and apps make it easy to nominate someone without visiting a branch. You can add a nomination via our website or app.
Here's how to add a vehicle insurance candidate:
Step 1: Log into your account using your registered phone number.
Step 2: Choose your car's coverage and click 'Add Nominee.'
Step 3: Enter a candidate's name, relationship to you, and birthdate so that they can be considered for vehicle insurance.
Benefits of adding a nominee for car insurance:
Personal Accident Cover provides financial coverage in case of permanent/temporary disability from a car accident. If an accident occurs, the nominee will receive Rs. 15 lakhs (as per personal accident cover policy terms).
In the event that the policyholder passes away after filing a claim for an accident, vehicle theft, or third-party liability, the nominee is eligible to receive the settlement. If you pass away while covered by personal accident cover, Rs. 15 Lakh will be paid to your nominee.
In the absence of a designated beneficiary or "nominee," the beneficiaries named in your auto insurance policy's declarations page will receive the policy's benefits or compensation upon your death. A spouse, kid, parent, or another legally recognised heir can take over the car insurance renewal online.
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