Settle car accident insurance claim in 1 hour with video proof

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CHENNAI: When a speeding biker knocked off the exterior rear-view mirror of N Krishna’s car, he did not want to proceed on the Bengaluru-Chennai highway without fixing it.

So he took the car to the nearest garage. As he waited for the mechanic to fix it, Krishna decided to try and file the claim on his mobile. He shot a video of the damage, filled in the details and uploaded his claim.

To Krishna’s surprise, the claim amount of Rs 1,200 was processed immediately and the ..

Every month, more than 25,000 users are doing their own photo shoot for renewals, says insurance aggregator Policybazaar, which has general insurance providers like Kotak Mahindra, Liberty Videocon, Bharti Axa and TATA AIG on board for renewal of lapsed policies. But insurers like Bajaj Allianz and ICICI Lombard General Insurance are going a step further by offering this for accidents via their in-house designed mobile apps.

With insurance regulator IRDAI allowing policyholders to do self-assessments for vehicle damage of up to Rs 50,000, this has proved of enormous help to many. “With ‘Motor on the Spot’ facility, vehicle users can just click pictures of the damaged vehicle, their driving licence, FIR copy (if required) on their mobile phone and send it to us with the insurance policy number. Using our data analytics, we give an immediate quote to the customer. If the customer is happy with the quote, he can agree ..

https://economictimes.indiatimes.com/tdmc/your-money/settle-car-accident-claim-in-1-hour-with-video-proof/tomorrowmakersshow/60490897.cms