Quote:
|
Originally Posted by GTO Well, is insurance worth it? I have not made a single claim on any of my insurance policies in the last gazillion years. And I pay lakhs every year in premiums alone for my cars, home and office. Distant analogy but you can see the similarities. Yet, I am sure that most of us do opt for comprehensive versus thirdparty coverage, dont we? |
GTO, what you are asking is a huge subject of Risk Management. Usually the wider your spread of risk, it sort of pays to self-insure or pay lower premium with higher deductibles.
Today the NCB itself is a disincentive for claims. I have a NCB of 50% so for a premium of 22k, the claim must exceed 11k by a reasonable amount for me to even bother with the effort of a claim.