Team-BHP - View Single Post - ARTICLE: No Claim Bonus

theMAG · 5th May 2007, 00:13

Well, renewed my insurance today with a different insurer: Tata-AIG. My Swift's 1st yr insurance from Maruti-National was expiring on 24 May.

With the deregulation from Jan 07 sailing all insurers in the same boat; the only differentiator being the small services offered by them: Tata-AIG offering 6-month warranty on any spares/bodypanels changed due to accident, upon failure/professional dissatisfaction of the spare/body panel. While the others I spoke with ICICI-Lombard, National Insurance and Bajaj-Allianz were willing to commit to this only verbally, Tata-AIG has it printed on their policy; called AutoSecure/AutoRestore.

Another point to note: Tata-AIG has a complete cashless transaction with all Maruti dealerships(service) except Mandovi. Doesnt bother me since I'm an RNS fan.

No Claim Bonus: 20%. Total insured value: Rs 340000 (depriciated value from original invoice value of Rs 425000).

Final Policy cost including haggling over further discounts: Rs 8800.

5th May 2007, 00:13	#45 (permalink)
theMAG Team-BHP Moderator Join Date: May 2006 Location: Bengalooru Posts: 3,542	Well, renewed my insurance today with a different insurer: Tata-AIG. My Swift's 1st yr insurance from Maruti-National was expiring on 24 May. With the deregulation from Jan 07 sailing all insurers in the same boat; the only differentiator being the small services offered by them: Tata-AIG offering 6-month warranty on any spares/bodypanels changed due to accident, upon failure/professional dissatisfaction of the spare/body panel. While the others I spoke with ICICI-Lombard, National Insurance and Bajaj-Allianz were willing to commit to this only verbally, Tata-AIG has it printed on their policy; called AutoSecure/AutoRestore. Another point to note: Tata-AIG has a complete cashless transaction with all Maruti dealerships(service) except Mandovi. Doesnt bother me since I'm an RNS fan. No Claim Bonus: 20%. Total insured value: Rs 340000 (depriciated value from original invoice value of Rs 425000). Final Policy cost including haggling over further discounts: Rs 8800. __________________ If you lose your temper, you’ve lost the argument Last edited by theMAG : 5th May 2007 at 00:18.