Since February 16, 2021, the Ministry of Road Transport and Highways mandated FASTag use for all lanes at toll plazas, affecting M and N-category vehicles. M category is for passenger cars, and N includes goods carriers that may also transport passengers. Please use FASTag to avoid double toll fees. Moreover, the government plans to make FASTag mandatory for purchasing or renewing third-party car insurance online.
What Is FASTag?
FASTag, operated by NHAI, is an RFID-based electronic toll collection system. Installed on your car’s windscreen, this prepaid tag enables seamless passage through toll plazas without stopping. Toll charges are deducted from your linked bank account or FASTag prepaid wallet.
Using A FASTag Has The Following Advantages.
- Saves Time And Fuel: FASTag saves time and fuel by enabling seamless toll payment. As your FASTag is scanned at toll plazas, the toll amount is deducted from your linked prepaid wallet or bank account, allowing you to pass without stopping, thereby avoiding wait times and fuel consumption in queues.
- Online recharge: FASTag’s online recharge feature makes it even more convenient. With debit cards, credit cards, NEFT transfers, RTGS transfers, or even online banking, you can recharge your FASTag online. All you need is access to the internet.
- Cashless Transactions:You can concentrate on driving using FASTag rather than worrying about finding exact change or cash at toll booths.
- Spend Tracking: An SMS and email alert notifying you of the deduction is sent to your registered phone number and email address each time you pass a toll plaza. The toll fee is taken out ofyour account or prepaid wallet. This can assist you in monitoring the amount of money you have spent at toll booths. On the FASTag portal, you can also review your FASTag statements.
- Environmentally Friendly: FASTag eliminates paper usage at toll plazas and promotes fuel efficiency by avoiding queues. It’s environmentally friendly. The Government of India allows cashback incentives for FASTag usage. With a five-year validity, there’s no need for frequent replacements.
Indian Car Insurance Is Crucial For FASTag
The Ministry of Road Transport and Highways recently suggested purchasing third-party vehicle insurance should require a FASTag. Your car insurance policy would then contain a record of your FASTag information. The regulation, which was supposed to take effect on April 1, 2021, is still awaiting confirmation, even though the Ministry of Road Transport and Highways has released a draft notification suggesting these modifications.
However, if you still need to purchase a car insurance policy or if your policy has expired, don’t panic. You can easily buy or renew a motor insurance policy online and avail of all car insurance benefits. *
Many car insurance policies offer the option of zero dep in car insurance coverage, providing comprehensive protection without factoring in depreciation for parts during claims. Claims are subject to terms and conditions set forth under the motor insurance policy. *
The car insurance claims procedure is rapid and easy to use. Therefore, a FASTag must be on your car accessories list if you own a car. Considering all of FASTag’s advantages, you can only benefit from it.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
