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Old 25th July 2014, 13:10   #256
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Originally Posted by arepalli99 View Post
can someone help me understand Depriciation waiver clause and the pros and cons of going for it

Also hows your experience been with royal sundaram?
Pros: Min out of pocket expenses during claim, No worry about parts categorization for depreciation, Additional peace of mind, Unlimited claims (specific Insurers only).
Cons: Additional cost in addition to insurance premium, Available for first few years of ownership (2/3/5 yrs), once claimed will lose NCB.

Royal Sundaram provides unlimited claims under zero depreciation clause, I have opted it for my Punto for this year. The buying of the Insurance and add ons was online on RS website and it was a breeze, no hassles. The policy document with payment details was immediately sent to the e-mail id and original copy to residence in 15 days.
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Old 17th August 2014, 17:56   #257
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I am currently looking for insurance renewal for my fludic verna, it is almost a year old and m currently with new India assurance, I am getting a 30 percent discount adding to a premium of 27k. Should I go ahead or it's better to look for another insurance company.

I have the zero depreciation cover


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Old 25th September 2014, 15:08   #258
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Guys buying a new car which company should I choose for insurance ICICI Lombard, Bajaj Allianz, Bharti AXA, TATA AIG.
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Old 2nd January 2015, 12:42   #259
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My Wagon R Insurance expires in 30 days.
Some quotes are as below:

1) Tata AIG- Rs. 4982/-
2) Maruti Insurance(Iffco Tokio/My Current provider)- Rs. 5020/-
3) Royal Sundaram- Rs. 5177.

My question is I wanted to avail the Zero Dep through Maruti but since the same is extended till the third year of insurance renewal, I am not eligible.

My car registration is in 2012. Do Maruti honour other company insurance claims for cashless in the same manner as the insurance products availed through them.

I was keen on Zero Dep and any pointers who could be considered?
BTW, Maruti has thrown a Rs. 1000/- labour discount with their insurance.

Pls. suggest!!
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Old 2nd January 2015, 13:16   #260
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I was keen on Zero Dep and any pointers who could be considered?
Where do you service your car? Navnit/Fortpoint/Spectra or others like Sterling?? Check with them who all are there on their cashless list? If only the three as mentioned by you then amongst the three stick to Maruti offered one? There are other Insurers like Future Generali, Bharati Axa who offer zero dep add on for cars upto 5 yrs of ownership, you might want to check up with the workshop first.
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Old 2nd January 2015, 13:31   #261
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Thanks Ghodlur

I service them at Fortpoint Thane. Even I thought of the same as it was making sense to stick to Maruti.
Only catch- No Zero Dep Extended!!
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Old 13th January 2015, 12:56   #262
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Any good or Bad feedback for ICICI Lombard for 4 wheeler claims ?
I am looking at renewing with them instead of future generalli, while their premium is competitive , for a Rs 99 more the Roadside assistance looks very interesting in terms of features (Free Tech help/garage tow etc)
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Old 13th January 2015, 14:25   #263
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Quote:
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Any good or Bad feedback for ICICI Lombard for 4 wheeler claims ?
For starters check this link.

http://www.mouthshut.com/product-rev...iews-925590633

Also get a first hand opinion from the workshop where you service the car regularly, they can give a much detailed feedback. Its not the owners who are harassed always, sometimes the workshops too bear the brunt of Insurer's high hand ness.

My suggestion: Generally stay away from ICICI and Reliance for motor insurance atleast. Take an informed decision.
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Old 16th January 2015, 13:50   #264
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I am in the process of renewal of my car Insurance which is 2 years old. I had a Zero Dep policy from Bajaj Allianz last year and I had 1 claim this year. I got quotes (all zero Dep policies) from Bajaj, Tata AIG and Royal Sundaram as follows:

Bajaj Allianz: 26000
Tata AIG : 17450 (IDV 450000)
RoyalSundaram: 17800
Both Bajaj and RoyalSundaram have IDV around 5.1L. If I ask TataAIG to increase the IDV then the the premium goes up as well.

I need to know if RoyalSundaram is a good option!

And any clue why Bajaj's premium is so high?
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Old 16th January 2015, 14:09   #265
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I need to know if RoyalSundaram is a good option!

And any clue why Bajaj's premium is so high?
Royal Sundaram is a good option, I have it for my Punto. The buying process was quite simple and in case of any doubts the online chat do help a lot. I hope you have confirmed that they have a cashless tie up with the workshop where you service the car. Also check if the IDV calculated is correct.

Since you had a claim with BA, you are now categorized as high risk client. Hence an increase in the premium. If you hadn't claimed, then the premium would have been at par with RS quote.
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Old 16th January 2015, 14:16   #266
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Quote:
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I hope you have confirmed that they have a cashless tie up with the workshop where you service the car.
Yes - I checked that and they have cashless facility at Pandit.
Quote:
Originally Posted by ghodlur View Post
Also check if the IDV calculated is correct.
How do I check IDV is correct or not? I have declared that I had a claim in last 1 year with Bajaj policy and the claim amount. And chose correct Car Make/Model/Mfg Year.
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Old 16th January 2015, 14:22   #267
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How do I check IDV is correct or not?
As per regulations, the IDV should be current ex showroom cost of the model/variant times the Years of depreciations in %. Generally the ex showroom prices for the model/variant dont get updated on the Insurer's databases on real time basis, hence they carry old values. Due to this the Insurer generally use a thumb rule of 10% less than last year's IDV. If the calculated value and that shown by the Insurer match, then you can stick to IDV proposed by Insurer or else you can change it during the renewal process online to an extent of 15% +/- of the value quoted online.
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Old 16th January 2015, 19:53   #268
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Quote:
Originally Posted by ghodlur View Post
Royal Sundaram is a good option, I have it for my Punto. The buying process was quite simple and in case of any doubts the online chat do help a lot. I hope you have confirmed that they have a cashless tie up with the workshop where you service the car. Also check if the IDV calculated is correct.

Since you had a claim with BA, you are now categorized as high risk client. Hence an increase in the premium. If you hadn't claimed, then the premium would have been at par with RS quote.
thats the feedback I am getting as well..ICICI does not seem like a preferred option for claims !
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Old 26th February 2015, 13:10   #269
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Does anybody have any pointers on Bharti-Axa Zero Depreciation policy? I paid 18,000 last year for the IDV of Rs. 6L for my 2 year old Punto. This year, they have quoted Rs. 15,000 for Zero Depreciation policy and Rs. 10,000 for Comprehensive without Zero Dep.
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Old 14th April 2015, 10:04   #270
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Hi,

My car had an IDV of 275000. I wish to go for Total Loss as Repair costs are estimated to be more than this.
Car is a White Swift VXi from Feb 2011 (Old shape, K-series). It is Haryana 'HR' registered and is located in Bangalore.
Today I just talked to the Claim Manager (ICICI Lombard) and I am told that as Car is from outside state, they are not getting good value for it in the market and hence, they would be paying lesser than the IDV, about 23000. It is Rs45000 lesser than the IDV.

I don't buy this. Experts, please help.

Regards,
Ashish
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