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  1. Shreyas
  2. Finance, Insurance
  3. Tuesday, June 25 2019
Hello Team,

Am planning to purchase new car, so is it mandatory to buy 1st insurance from showroom dealers only, for ex if am purchasing venue then is it necessary to buy insurance for 1st year from hyundai itself . Or can I purchase insurance from 3rd party directly for 1st year?
Admin Accepted Answer

As per IRDA norms - Consumer can buy insurance
> from any certified Insurance company
> from any source agency
> of any product - 3rd party / comprehensive / zero depreciation

and has 100% discretion to choose on.

A dealer can only offer in the kind of product offering and explain benefits if a customer willing to hear, but not in any way bound him to buy insurance through him only or force consumer to buy insurance from specific company

For details pl refer - Consumer Right on Car Insurance

Should help !!

  1. more than a month ago
  2. Finance, Insurance
  3. # 1
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