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Old 28th June 2017, 16:15   #361
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Hi all!

My Zest XTA insurance expires on this 9 July.
So i was checking for Quotes.

My car is of July 2015.

I didnt opt for Insurance Aggregators, fearing their continuous calls, and directly checked on the websites of Bajaj Allianz, Tata AIG.

Got the following quotes
Bajaj Allianz - 23835 with IDV of 6.6lakhs
Tata AIG - 13742 with IDV of 6.6lakhs
TATA AiG - 13925 with IDV of 7lakhs

Existing Royal Sundaram quote is Rs.23422
IDV 6laks
😳
However couldn't see both those words - "cashless" and "zero dep" in Tata AiG quote.

Bajaj Allianz called me and said Rs.21k is their best quote with Zero Dep, Engine protect, and cashless facility.

Will now wait for TaTa AiG representatives to call.

Also checked ICICI Lombard website for a Quite, but the Quote query is stuck at "ex show room price" and does not take a figure. So abandoned that.

Please also suggest any other insurer I should check with.

Thanks in advance.
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Old 29th June 2017, 08:07   #362
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Originally Posted by yogesa View Post
Please also suggest any other insurer I should check with.
I would suggest, calculate the correct IDV in the first place. The IDV you quoted is more than last year's which means you are over insuring your vehicle and paying extra money in the premium. Next check out the Insurance co with which the Tata workshop has a cashless tie up. Get quotes from those Insurance co on their official websites and then compare. Since you are in the third year of ownership, opt for zero dep add on cover.

Check how much does the premium come down to with Bajaj Allianz if you drop the engine protect add on?

You need to do a bit of homework before you start the process of Insurance renewal.
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Old 12th September 2017, 20:58   #363
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Hello all,

Its time for me to renew my car insurance in october first week. This october my Maruti Suzuki Celerio will complete 3 years. Since the time I purchased the car, I have been with Maruti Suzuki Insurance provided by Iffco Tokio (zero depreciation). I never really bothered to cross check with any other insurance providers (maybe not a good practice) as I am under the impression that in the event of insurance claim, the process might be simpler. Thankfully till date I never had to claim insurance. The car has always been serviced by the same dealership from where I purchased the car (SK Wheels Navi Mumbai).

Like every year, this year too SK Wheels has sent me a quotation of Iffco Tokio (Pic attached). The IDV last year was Rs. 3,36,533/- and this year the quote says Rs. 2,88,457/-. The insurance amount last year was Rs. 10,941/- and this year it comes to Rs. 10,214/-. They have provided NCB of 35%. I think the decrease is marginal as this year 18% GST is applicable (so tax structure seems to be high as compared to last year).

Should I get a quote with similar benefits from other insurance companies before I finalise on one? Or does this quote look good? If any other insurance company then which one. My dad's 9 year old Alto has a Bajaj Allianz insurance bought directly from the company (not zero dep). Is Bajaj Allianz good? SK Wheels handles Bajaj Allianz cases (our Alto had been repaired once with insurance claim). Is it advisable to buy engine protection as well? Any suggestions please.
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Old 13th September 2017, 08:41   #364
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Originally Posted by ar.abc View Post
The IDV last year was Rs. 3,36,533/- and this year the quote says Rs. 2,88,457/-.
Should I get a quote with similar benefits from other insurance companies before I finalise on one?
Your IDV for 4th year should be 302879, dealer has provided an under insured quote. It is time for you to scout for new Insurance provider. To start with use any comparator site to confirm the premium for the correct IDV as stated above. Then check with which insurance co does the workshop have a cashless tie up and check the correct premium with zero dep add on on those Insurance co official websites. Once you have all the information, approach the workshop to match the premium and IDV. If Maruti agree, go for it or else buy Insurance from out side.

If Maruti tries to arm twist, then show them the IRDA guidelines.
http://www.team-bhp.com/forum/indian...insurance.html (IRDA issues guidelines for car dealers selling insurance)
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Old 18th September 2017, 17:37   #365
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Quote:
Originally Posted by ghodlur View Post
Your IDV for 4th year should be 302879, dealer has provided an under insured quote. It is time for you to scout for new Insurance provider. To start with use any comparator site to confirm the premium for the correct IDV as stated above. Then check with which insurance co does the workshop have a cashless tie up and check the correct premium with zero dep add on on those Insurance co official websites. Once you have all the information, approach the workshop to match the premium and IDV. If Maruti agree, go for it or else buy Insurance from out side.

If Maruti tries to arm twist, then show them the IRDA guidelines.
http://www.team-bhp.com/forum/indian...insurance.html (IRDA issues guidelines for car dealers selling insurance)
Thanks for your advice. I have taken quotation from Bajaj Allianz. BA has calculated my car's IDV as 3.2L. They have given me 2 options/quotations.

One is a regular zero depreciation insurance which comes upto 10K which is almost the same as what Maruti Suzuki dealer's Iffco Tokio is providing (but Maruti is calculating IDV too low at 2.8L). They said they can provide a further discount on this if I choose to take this.

The second quote is for BA Drive Smart Premium insurance package. It is also a zero dep. insurance with added features like engine protect, insurance of 1L for driver (employee), 5L insurance for each passenger (in case of loss of life), depreciation protect, RSA and they are providing a telematic scanning device which also works as a GPS device which can be plugged in to the OBD II port in the fuse box of the car (compatible with all cars manufactured after 2010). It can relay certain information about car's performance to a mobile app. The engine protect feature sounds good. They have quoted 12,400/- after discounts (original price quoted was around 14k). IDV quoted is 3.2L.

Our second car has a BA comprehensive insurance and once when we had claimed insurance for it, touch wood, our experience with BA was trouble free. They have cashless tie up with the service centre with almost all Maruti service centres in my city. Maybe I will go ahead with this one. Do I need to inform Maruti. I want to get the insurance done directly from the insurance company.
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Old 20th September 2017, 21:38   #366
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I received an email from my Maruti Suzuki dealer regarding insurance renewal and they claim certain benefits of their zero dep. insurance plans over the usual zero dep. plans we buy directly from the insurance company. How true is this? See the image attached wich mentions the differences. Is this true?
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Old 24th October 2017, 10:11   #367
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My Honda City is completing 8 years, with no one claim in 8 years. I am getting 45% NCB. For this 8 year old car, is it worth comprehensive insurance, since 80% will be depreciation? Can someone throw light on this?
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