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How To Withdraw Edelweiss Car Insurance Policy Online?

Edelweiss Car insurance policy online withdraw process is simple. Below are the steps to withdraw car insurance policy. Here, you will have to log in to their website and follow the process to cancel your policy.

  • Step 1:- Call or email you’re Edelweiss insurance and inform them about your decision to cancel the car insurance policy. They will guide you regarding the specifics of the cancellation/withdraw process.
  • Step 2:- Based on your reason for cancellation, they will ask for some documents. For example, if you mention the reason for policy cancellation as ‘selling your car’, they will ask for a sale action. If you mention the reason as ‘switching insurer’, they will ask for the new policy.
  • Step 3:- Once you send the required documents, they will verify them and if your cancellation request is approved, you will receive the policy with ‘cancelled’ written on it. Also, if applicable, you will receive the No Claim Bonus certificate as well.

Refund Process: You will be eligible for a refund on policy cancellation based on when you cancel the policy and its terms and conditions. Check out the following two scenarios.

  • Cancellation before the Start of The Policy: You will get an almost full refund of the payment, some processing fees might get deducted.
  • Cancellation after the Start of The Policy: Here, the refund will be offered on a pro-rata basis. This is because you have been covered by the car insurance policy for a few days.
  • Refund Timeline: The exact turnaround time of the refund will depend upon your payment process. However, it should not take more than 14 working days for the refund to reach you.

What is the Claim Settlement Ratio of Edelweiss Car Insurance?

The Claim Settlement Ratio for Edelweiss Car Insurance is 84.61% representing the percentage of claims successfully settled by Edelweiss Insurance Company. The CSR for Edelweiss Car Insurance may vary from year to year. A percentage represents the number of claims settled by the company compared to the total number of claims received.

How Much Edelweiss Car Insurance Price Right Now?

Car insurance prices can vary widely based on factors such as the type of coverage, the make and model of your car, your location, your driving history, and more. To get the current Edelweiss car insurance price, visit the PolicyBachat website. It is always a good idea to compare quotes from multiple insurers to ensure you are getting the best deal for your car insurance coverage. On average Edelweiss car insurance price starts from Rs. 2500* according to your needs and requirements price may vary.

How to Compare Edelweiss Car Insurance Prices?

To compare Edelweiss car insurance prices, begin by visiting the PolicyBachat portal. Provide accurate details about your vehicle and coverage preferences to receive a quote. Simultaneously, gather quotes from other car insurance providers using online comparison platforms. Compare the premiums, coverage features, add-ons, and discounts offered by Edelweiss with those from other insurers. Pay close attention to the policy terms, inclusions, and exclusions. After a thorough comparison, make an informed decision based on your requirements and choose the car insurance plan that best suits your needs and budget.

Which Is Better Edelweiss Vs Universal Sompo Car Insurance?

Edelweiss vs Universal Sompo car insurance differ mostly on pricing. Comparison of Edelweiss and Universal Sompo Car Insurance depends on the factors such as Customer Service, Product Portfolio, Pricing, Best Coverages, suitability and Claim Settlement Ratio. When you buy insurance for your car, you would want to get the insurance that is high on benefits and low on costs.

1. Edelweiss Car Insurance:

  • Claim Settlement Ratio: 116.31%
  • Network Garages: 2000+
  • Benefits:
    • Third Party liability Coverage
    • Personal Accident Coverage up to 2 lakh
    • 24x7 Emergency Assistance
    • Prompt and time-bound visit of the surveyor of claims.
  • Coverages & Discounts:
    • Edelweiss Private Car Package Insurance
      • No-Claim Bonus (NCB)
      • Increased discount on premium in case of voluntary deductible in addition to compulsory deductible.
      • Discount on being an active member of a recognized Automobile Association of India (AAI).
      • Additional discount for vintage cars.
      • Additional discount if you have installed an Automobile Research Association of India (ARAI) approved anti-theft device in your vehicle.
      • Discount for laid-up vehicles.
      • Discount on Third Party Property Damage.
    • Edelweiss Private Car Liability Only Insurance - Rs. 100 discount for a cover (limited amount) of Rs. 6,000/- for Third Party Property Damage.

2. Universal Sompo Car Insurance:

  • Claim Settlement Ratio: 89.54%
  • Network Garages: 3500+
  • Benefits:
    • Third Party liability Coverage
    • Personal Accident Coverage
    • 24x7 Emergency Assistance
    • Loss of accessories
    • Legal liability to cleaner and paid driver
  • Coverages & Discounts:
    • No Claim Bonus
    • Automobile Association Membership
    • Anti-theft Device

PolicyBachat help you choose the best car insurance policy by comparing online. It is important that you know what your budget and requirements are, to decide on the right one for your needs.

Which Is Better Edelweiss Vs TATA AIG Car Insurance?

When you buy insurance for your car, you would want to get the insurance that is high on benefits and low on costs. Comparison of Edelweiss and TATA AIG Car Insurance depends on the factors such as Customer Service, Product Portfolio, Pricing, Best Coverages, suitability and Claim Settlement Ratio.

1. Edelweiss Car Insurance:

  • Claim Settlement Ratio: 116.31%
  • Network Garages: 2000+
  • Benefits:
    • Third Party liability Coverage
    • Personal Accident Coverage up to 2 lakh
    • 24x7 Emergency Assistance
    • Prompt and time-bound visit of the surveyor of claims.
  • Coverages & Discounts:
    • Edelweiss Private Car Package Insurance
      • No-Claim Bonus (NCB)
      • Increased discount on premium in case of voluntary deductible in addition to compulsory deductible.
      • Discount on being an active member of a recognized Automobile Association of India (AAI).
      • Additional discount for vintage cars.
      • Additional discount if you have installed an Automobile Research Association of India (ARAI) approved anti-theft device in your vehicle.
      • Discount for laid-up vehicles.
      • Discount on Third Party Property Damage.
    • Edelweiss Private Car Liability Only Insurance - Rs. 100 discount for a cover (limited amount) of Rs. 6,000/- for Third Party Property Damage.

2. TATA AIG Car Insurance:

  • Claim Settlement Ratio: 80.29%
  • Network Garages: 5400+
  • Benefits:
    • Third Party liability Coverage
    • Personal Accident Coverage
    • 24x7 Emergency Assistance
    • Passenger personal accident cover
    • Legal Liability for Paid Driver
  • Coverages & Discounts:
    • No Claim Bonus
    • Voluntary Discounts
    • Automobile Association Membership
    • Anti-theft Device

PolicyBachat help you choose the best car insurance policy by comparing online. It is important that you know what your budget and requirements are, to decide on the right one for your needs.

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