.
Name of Customer, Mobile No., Vehicle Insurance Due date
Type of Vehicle, Owner’s address, color of vehicle.
Owner’s license details, owner’s address, owner’s PAN Card details.
Previous Spot Vehicle Insurance copy, last premium paid, owner’s mobile no.
5
10
25
NIL
8
2
6
4
Insured Declared Value
Insured deferred value
Insured direct value
Insured dormant value
No Claim Bonus
Nil Claim Bonus
Non certified bonus
Never Claim Bonus
50%
60%
70%
25%
10%
20%
5%
50%
Car owner
Car
Insurance Company
Car Manufacturer
SBI General, New India, TATA AIG, Future Generalli, Shriram, Magma
SBI General, United India, TATA AIG, Future Generalli, Shriram, Magma
SBI General, Kotak Mahindra, TATA AIG, Future Generalli, Shriram, Magma
SBI General, LIC of India, TATA AIG, Future Generalli, Shriram, Magma
NCB will become Zero.
Nothing will happen
Vehicle’s value will affect
The hypothecation value will change
4
2
6
8
MFIN Branch itself
Respective Insurance company
From the local office of the insurance company
From MSTL Office
In the name of issuing insurance company
In the name of MIBPL
In the name of MSTL
In the name of MFL
30 minutes
24 hours
48 hours
12 hours
Rs. 2,000/-
Rs. 4,000/-
Rs. 1,000/-
Rs. 5,000/-
IRDA
MIBPL
SEBI
BCCI
3
4
5
6
Driving License, Pollution certificate, Registration certificate and Vehicle Insurance
Driving License, Pollution Certificate, Purchase bill of the Vehicle, Vehicle Insurance
Driving License, Photo ID of the driver, Pollution certificate, Vehicle Insurance
Driving License, Bank Hypothecation documents, Pollution certificate, Vehicle Insurance