Need Help: Cancelling Insurance After Returning a Car

Community Forums Legal Advice India Need Help: Cancelling Insurance After Returning a Car

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    • #46785 Reply
      Eshaguru907
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        Eshaguru907
        PARTICIPANT
        February 25, 2025 at 2:51 pm
        Hey everyone,

        I need some advice regarding a car I bought and returned.

        I purchased a car from Cars24 about two weeks ago. The car had battery and some other issues, so I returned it within their 7-day return policy and got a full refund. Since I had already initiated the RC transfer process, my name was supposed to appear on the RC after 7 days, but since I cancelled the purchase, it should no longer be applicable.

        Now, I had also bought an insurance policy from PolicyBazaar at the time of purchase. When I contacted them for cancellation, they told me that I need to provide proof of at least a minimum third-party insurance to cancel it.

        The problem is-I don’t own the car anymore. Cars24 has taken it back, and they will only insure it once they find a new buyer. So, how am I supposed to provide third-party insurance when the car isn’t mine anymore?

        Has anyone dealt with a similar situation? How do I get my refund from PolicyBazaar in this case? Any advice would be really helpful!

        Thanks!

      • #46787 Reply
        Expertsarita7289
        Participant
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          Expertsarita7289
          PARTICIPANT
          February 25, 2025 at 3:04 pm
          Ask Cars24 for a document stating that the car is no longer in your name, this should help prove you don’t own it. Then, send this proof to PolicyBazaar and request cancellation. If they refuse, escalate the issue to the insurance provider directly.

          • #46788 Reply
            Eshaguru907
            Participant
              E
              Eshaguru907
              OP
              February 25, 2025 at 3:07 pm
              I already have shared cars 24 email proof to the insurer but they are constantly asking for other policy and they say a car must have a third party policy.
              Probably will escalate this to policy bazaar

              • #46789 Reply
                Ashishmaster940
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                  Ashishmaster940
                  PARTICIPANT
                  February 25, 2025 at 5:11 pm
                  Complain to irdai

            • #46786 Reply
              Rapidbear8085
              Participant
                R
                Rapidbear8085
                PARTICIPANT
                February 25, 2025 at 3:17 pm
                ADVOCATE HERE. Being practical, just file a complaint to IRDAI against PolicyBazaar. This will alone take care of your headache.

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