Heard of Reliance insurance's 30% discount + vacuum cleaner (car) on premium? - Team-BHP

iTNerd · 9th May 2008, 17:48

Guys, here comes the time for me to renew my car insurance. I am currently with Bajaj Allianz with no claim so far. I paid 23052 upon buying the car. Now I had been contacted to pay premium of 20800 for the second year renewal (after 20% NCB). But out of nowhere, this lady calls up from Bajaj Capital and offered me a reliance insurance with 30% discount, plus a free vacuum cleaner for car. So the effective amount comes to around 16000 bucks.. this amount she said is valid only if I pay them by 10th May 2008, which is 60 days early before my insurance with bajaj allianz expires.... first she insisted that bajaj allianz is not cashless, and then, when I corrected her, she mentioned, this year, the service of bajaj Allianz has deteriorated and hence offering me the reliance insurance, which is cashless with any maruti workshops.. and blah blah..

Guys I only wanted to know, if there is any hidden or unlawful practice that this agent will throw at me, by enticing me with their offer? And how is Reliance insurance, compared to Bajaj Allianz? if they are bunch of crooks, then, I better stay with Bajaj Allianz? Your views will be greatly appreciated...

DieselFan · 9th May 2008, 21:34

If it is anything to do with Reliance I will only accept things in writing. Demand for and see the contract before agreeing to pay the premium. Read the same fully (Entire small print) and then take a call.

GTO · 10th May 2008, 14:53

The commission that insurance agents make are verrrrry lucrative, though that 30% figure does sound a bit over the top. However, and in all probability, she will ask you to pay the entire premium (sans discount) and then issue you a cheque for the difference amount. I know because I have been through this....my accountant is a pretty hard bargainer on deals.

If she is ready to put her words on paper, go for it! Some things in life may seem too good to be true, but they can be real.

hrman · 10th May 2008, 15:37

My Indica was insured with with Reliance General Insurance from day 1 Was pretty hassle free. Made one cashless claim. Had to pay up only the difference. The majority part was paid by reliance directly to the workshop.
I also saw the work order of my car later. Saw a lot of places where the workshop quote a price, but the insurer has negotiated a lower price and got the claim through for a couple of 1000's less. Dont know if this is natural.
But my one-time experience has been good.

9th May 2008, 17:48	#1 (permalink)
iTNerd BHPian Join Date: Apr 2007 Location: Delhi Posts: 298 View My Garage	Heard of Reliance insurance's 30% discount + vacuum cleaner (car) on premium? Guys, here comes the time for me to renew my car insurance. I am currently with Bajaj Allianz with no claim so far. I paid 23052 upon buying the car. Now I had been contacted to pay premium of 20800 for the second year renewal (after 20% NCB). But out of nowhere, this lady calls up from Bajaj Capital and offered me a reliance insurance with 30% discount, plus a free vacuum cleaner for car. So the effective amount comes to around 16000 bucks.. this amount she said is valid only if I pay them by 10th May 2008, which is 60 days early before my insurance with bajaj allianz expires.... first she insisted that bajaj allianz is not cashless, and then, when I corrected her, she mentioned, this year, the service of bajaj Allianz has deteriorated and hence offering me the reliance insurance, which is cashless with any maruti workshops.. and blah blah.. Guys I only wanted to know, if there is any hidden or unlawful practice that this agent will throw at me, by enticing me with their offer? And how is Reliance insurance, compared to Bajaj Allianz? if they are bunch of crooks, then, I better stay with Bajaj Allianz? Your views will be greatly appreciated...

9th May 2008, 21:34	#2 (permalink)
DieselFan BHPian Join Date: Mar 2007 Location: Bangalore Posts: 431	If it is anything to do with Reliance I will only accept things in writing. Demand for and see the contract before agreeing to pay the premium. Read the same fully (Entire small print) and then take a call. __________________ If you have not failed you have not tried enough. Swift Diesel VDI - Feb '07 onwards Santro LS- Mar '01-Feb '07(59000 KM) Sold.

10th May 2008, 14:53	#3 (permalink)
GTO Super-Admin Join Date: Feb 2004 Location: Bombay Posts: 11,214 View My Garage	The commission that insurance agents make are verrrrry lucrative, though that 30% figure does sound a bit over the top. However, and in all probability, she will ask you to pay the entire premium (sans discount) and then issue you a cheque for the difference amount. I know because I have been through this....my accountant is a pretty hard bargainer on deals. If she is ready to put her words on paper, go for it! Some things in life may seem too good to be true, but they can be real. __________________ GTO Self-imposed limits are the only type that exist. Break them....then, make it a habit. Exceed. Please don't PM for support. Use the Contact Form instead. Please read the NEW Team-BHP FAQ section for all your queries.

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10th May 2008, 15:37	#4 (permalink)
hrman BHPian Join Date: Jun 2006 Location: Mumbai Posts: 164	My Indica was insured with with Reliance General Insurance from day 1 Was pretty hassle free. Made one cashless claim. Had to pay up only the difference. The majority part was paid by reliance directly to the workshop. I also saw the work order of my car later. Saw a lot of places where the workshop quote a price, but the insurer has negotiated a lower price and got the claim through for a couple of 1000's less. Dont know if this is natural. But my one-time experience has been good.