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Maruti Car Insurance Renewal in 5 Easy Steps Online

Being a customer-centric company, Maruti realized that its ever-expanding customer base requires a convenient motor car insurance system with a straightforward and hassle-free claim processing unit and user-friendly car insurance renewal mechanism.

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Maruti Car Insurance Achievements

To understand why Maruti insurance renewal is accessible in India, you must first review Maruti’s history in the country. In 1982, Maruti Udyog India and Suzuki Japan joined and launched two Maruti Suzuki cars.

Thus, began the era of India embarking on an automotive journey that was noteworthy and trustworthy. Maruti cars truly transformed India’s auto industry, starting with the Maruti 800, which every Indian made it their aspiration and dream to own.

Maruti Suzuki, today, has a portfolio of 16 models and is said to be working on 14 new models. The price range of Maruti cars begins at INR 3.18 lakhs, with the most expensive model priced at INR 12.56. With production plants in Gurugram, Manesar in Haryana, and Sanand in Gujarat, Maruti is working towards achieving excellence every day.

With the growth of the car industry in India, there also has been an exponential growth in the car insurance industry. The law has made it mandatory to own valid car insurance to drive the vehicle in public places. Otherwise, it attracts penalties. Generally, the car insurance policy comes for a year, with some tenure fluctuation from insurer to insurer. Subsequently, you are required to get a Maruti Insurance Renewal.

1. What is the need for Maruti Insurance Renewal?

Legality: As per law, it is mandatory to hold valid vehicle insurance to drive it in public places. This doesn’t mean that you have to buy insurance when you buy a car; it means to have policy coverage at all times.

Risk of loss: Besides covering the legal aspects, Car insurance also protects you from third-party damages and other features as per your chosen insurance. An expired policy will leave you exposed to the risk of loss in case of any loss or damages.

No claim bonus lapse: If policy renewal is not done within the stipulated time, there is a risk of loss of no claim bonus achieved, which can be a substantial amount.

Vehicle inspection: If you do not opt to renew your car insurance policy in time, you may get exposed to vehicle inspection and risk a lesser IDV of the vehicle.

Most of the well-regarded players in the segment are proactive and help the customer get the Maruti Insurance renewal done well within time.

Being a customer-centric company, Maruti realized that its ever-expanding customer base requires a convenient motor car insurance system with a straightforward and hassle-free claim processing unit and user-friendly car insurance renewal mechanism.

With the same in mind, Maruti Suzuki insurance broking limited came into existence. Maruti insurance has partnered with various top insurers and helps customers with insurance. The whole system is aimed to increase customer delight with Maruti.

Maruti Insurance broking limited is licensed by IRDA and has partnered with top players like National Insurance, New India Assurance, ICICI Lombard, Iffco Tokio, Royal Sundaram, and Bajaj Allianz.

Maruti Car Insurance Renewal in 5 Easy Steps Online

2. Benefits of Car Insurance:

Instant Policy Issue: With a Maruti car, you get instant insurance when buying your vehicle.

Easy and transparent claim settlement: with fair equipment pricing, proper treatment of the respective equipment, and appropriate depreciation pricing, claim pricing becomes transparent and honest at Maruti.

Repair at Authorized Centers: Maruti Car Insurance enables you to get quality repair services at Maruti authorized centers with the latest and Maruti compliant technologies.

Near Cashless repairs: with Maruti Insurance, you only pay for the excess cost of repairs, and most of the service remains convenient and cashless.

3. Maruti Car Insurance Achievements

  • Seventy-two lakh policies were generated by Maruti Car insurance in financial 2020-2021.
  • Premium collected in the year amounted to Rs 9150 crore.
  • Fair claim settlement happened in the year amounted to Rs 18.11 lakhs.
  • Claim settlement ratio stood at a remarkable near 100%.
  • The number of customers served to date by Maruti Car Insurance is above 6.9 crores.
  • The number of outlets in the network across the country is more than 1500

4. 5 Steps to Car Insurance Renewal:

Car Insurance renewal is a quick and easy process that requires minimal documentation and insurance activation. With the advent of online mediums, the process has become even better. To do a timely renewal of your car insurance:

Reminders of expiry date: Most of the insurers in the segment generally send the reminders or renewal dates well in advance so that benefits are not lost, and renewal is done tine. Still, it is better to keep reminders at your levels as well.

Keep the details handy: when you are trying to renew your car insurance, it only requires basic insurance details and car details. You should have these details convenient to reap off instant renewals.

Fill the forms as per instruction: Car insurance renewal is a pretty straightforward process; basic information is to be filled in, and general education is to be followed. When done correctly, you will receive premium quotes within seconds.

Pay the premium: When you receive the premium quotation, you can recheck the details, and if the bonus suits your budget, pay the tip, and you will have your policy activated in a matter of seconds.

Download the insurance certificate: After paying the premium, your policy gets started, and simultaneously you get a link to download the policy paper. Download the same, and you have completed the steps of Car Insurance policy renewal.

A seamless process of Maruti Insurance renewal has made the customers’ lives very easy, especially when we are fighting with the COVID-19 pandemic, where there is a need for distancing and zero-touch services.

Maruti Insurance renewal becomes as mandatory as a legal requirement of law because when the policy lapses, you automatically are exposed to legal consequences in terms of fines and penalties. Most prominent players have already moved to online policy renewal, keeping the automobile industry’s competitive nature and digital advancement at par.

Some insurers have outstandingly proved to be excellent service providers and have delivered affordable policies and online processes hand in hand.

To renew your policy, follow the steps stated above. In just three actual steps (Filling the vital info, paying the premium, and downloading the certificate), you will have your Maruti insurance renewal done.

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Automotive

What Are Parking Management Systems? What is the Importance?

In this sense, it is necessary to implement a system that allows for better management of parking lots, but what do these systems consist of?

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What Are Parking Management Systems What is the Importance

Millions of people lose precious minutes of their time related to their car for two simple reasons. The first one is finding an empty and suitable place to park their vehicle, and the second is traffic that occurs when people are trying to find a space to park their car.

In this sense, it is necessary to implement a system that allows for better management of parking lots, but what do these systems consist of?

1. What is a parking management system?

Parking access security systems make it possible to monitor vehicles that move through different areas and give access to authorized vehicles. These systems restrict entry for those who do not meet the established requirements. This way, control of all users can be achieved, not only in public parking lots but also in private and residential complexes.

Ticketless parking management systems are one example that reduces traffic when cars enter a parking lot. These systems use automatic nameplate recognition (ANPR), which scans a vehicle’s license plate before and after entry to issue the associated parking fee. This reduces the time users will have to sit in their car when gaining access to a parking lot because they don’t need to wait for a ticket. QR-based tickets can also be easily included in these systems if the client wishes.

These parking management systems are beneficial in places that generally work 24 hours a day, such as:

  • Hospitals.
  • Public car parks
  • Ports, railway stations, and airports
  • Leisure centers and hotels
  • Malls

Off street parking solutions

 

2. ‘Off street’ parking solutions

Applying ‘off street’ parking solutions are an essential aspect nowadays, with street parking becoming more scarce due to the increase in the number of cars. Implementing payment terminals at parking lot exits, which work with QR readers, TFT screen technology, credit card payments, or mechanized readers with magnetic strips, are also a significant financial incentive for property owners to invest in a modern parking access control system.

A modern parking system, commonly applied in some commuter towns, provides comprehensive solutions regarding the management and control of parking lots. By adopting modern parking technology, property owners can have remote capabilities when managing their lot, reducing the number of staff needed and common touchpoints in parking lots during the COVID-19 pandemic.

Some advantages that can be enjoyed with modern parking control and management technology are:

  • Reduction in operations costs.
  • Integration with building management and door entry access control systems.
  • Remote, centralized management of the system.
  • Event data allows property owners to optimize the flow of their parking lot, which can also be used for accounting or audits.

With modern parking control systems, there are notable benefits for the property owner and end-users, from cost reduction to time saved when waiting through traffic in a parking lot. Make sure you do your research when choosing your next parking control system.

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