If we buy any policy online and pay by credit card, when does the Online Cover Start?
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If we buy any policy online and pay by credit card, when does the Online Cover Start?
All cover starts, after accepting the risk and recieving the premium. As in online case companies accept certain risks, so I think coverage would start after premium payment.
The policy will be issued immediately, after you make online payment. The cover will start after the insurer receive the premium by online mode or cover start date, whichever is later.Quote:
Originally Posted by Vikram
The cover starts from the date of payment by your credit card in the payment gateway.Quote:
Originally Posted by Vikram