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Old 1st November 2011, 23:06   #1666
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Default Re: Automobile Insurance - Ask me

Guys,
I have a strange situation . Have to renew my insurance. It's insuranced with Future Generali.The IDV was 4,46,724 and the total premium was 91xx for the first Year.

I Got a quote from them today ,its stated IDV at 4,02,052 (10% dep) but the total premium went up to Rs. 104xx .
How can the total premium go up. I had no claims for the First Year.
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Old 2nd November 2011, 20:08   #1667
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by Ravi Yadav View Post
Guys,
I have a strange situation . Have to renew my insurance. It's insuranced with Future Generali.The IDV was 4,46,724 and the total premium was 91xx for the first Year.

I Got a quote from them today ,its stated IDV at 4,02,052 (10% dep) but the total premium went up to Rs. 104xx .
How can the total premium go up. I had no claims for the First Year.
It can go up for a variety of reasons. Some of them being:

1. FG may have had lots of claims so they now use a higher index to calculate premium
2. Have you checked if all the other criteria are same? Like - no. of passengers insured, PA cover, LL cover etc.

Last edited by aghosht : 2nd November 2011 at 20:08. Reason: mistake
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Old 2nd November 2011, 22:07   #1668
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by Ravi Yadav View Post
Guys,
I have a strange situation . Have to renew my insurance. It's insuranced with Future Generali.The IDV was 4,46,724 and the total premium was 91xx for the first Year.

I Got a quote from them today ,its stated IDV at 4,02,052 (10% dep) but the total premium went up to Rs. 104xx .
How can the total premium go up. I had no claims for the First Year.
Send them a mail care@futuregenerali.in and ask for a clarification as to why the premium has gone up in the absence of claims. I've renewed with them a few days back and the premium and IDV was as expected, lesser than last year.

See Future Generali
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Old 4th November 2011, 15:00   #1669
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Default Re: Automobile Insurance - Ask me

Sorry guys,
Was a bit busy. Got the insurance renewed. Called up the FG insurance guy and got everything sorted out. Entering their office i felt as if i had entered a Govt Office . The reason for the higher premium was "Sir aapka insurance, company ki taraf sa hua tha is liya." The company had insured the car for the first year hence the premium was low ,now it has gone up. I didn't understand the logic.

I told him i am pulling out since i got a better quote from BajajA. He intermediately make a few calls and the premium came down. Gave him the cheque and took the cover note.
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Old 4th November 2011, 16:15   #1670
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Default Re: Automobile Insurance - Ask me

Experts,

Can I cancel the policy mid-term before it expires because I am not happy with their customer service? Or just retain only third-party liability amount, and get pro-rata refund?

Details here: http://www.team-bhp.com/forum/indian...t-do-next.html (Hopeless customer service from BajajAllianz, what to do next?)
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Old 7th November 2011, 08:29   #1671
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Default Re: Automobile Insurance - Ask me

My Honda City is in its 2nd year now; for this year Insurance was taken from Tata AIG. The Insurance, renewed in June '11, is Comprehensive.

Is it possible to change it to 0-dep mid-way?

Pros/cons?

Last edited by libranof1987 : 7th November 2011 at 08:52.
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Old 14th November 2011, 23:17   #1672
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Just came across this offer from the Oriental Insurance. Sharing it here.
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Old 15th November 2011, 19:51   #1673
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Question on NCB.

I have the insurance renewal coming up next month and I haven't made any claims so I get 20% NCB. I also have a 35% NCB certificate from a car which I sold. So how much max NCB I can get on renewal:

1. 20%
2. 35%
3. 45%

Bajaj Allianz call center guy is offering 45%. He asked me for NCB certificate scan before quoting. But is it correct - 35% from certificate + 10% from last year no claim? Because I do not want to be in trouble during claim.
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Old 16th November 2011, 13:15   #1674
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Default Re: Automobile Insurance - Ask me

Is there a site where I can get quotes for my 1985 Bajaj Super. For the past 5-6 years, my IDV is at 6K and the insurance premium is constant at 297. However, this time they have quoted 497 for the same IDV. According to National insurance, the 3rd party premium is hiked by 200. My NCB is 50%
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Old 20th November 2011, 12:40   #1675
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by DieselFan View Post
When my new car i10 for my wife was purchased last year we bought a zero depreciation insurance from bajaj Alliance. While renewal I get a renewal letter which doesn't talk of the zero depreciation and the insurance premium is far less. Does zero depreciation insurance can be carried forward to year 2,3 and so on?

thanks,
DF
hi DF,

Could you update on your case ? I have insurance on my i10 to be renewed next month from Tata-AIG whom i had purchased it last year with 0 Depreciation. Now not sure if they would renew it with 0 Dept or not !
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Old 20th November 2011, 14:40   #1676
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Originally Posted by Butters

hi DF,

Could you update on your case ? I have insurance on my i10 to be renewed next month from Tata-AIG whom i had purchased it last year with 0 Depreciation. Now not sure if they would renew it with 0 Dept or not !
You can buy zero depreciation insurance upto first 3 years. Ask specifically for it.
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Old 21st November 2011, 23:33   #1677
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Default Re: Automobile Insurance - Ask me

Guys,
Today I got insurance for my i20 renewed with Bajaj Allianz online. But I've entered my vehicle registration number wrong. Is it possible to change the reg number now?
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Old 22nd November 2011, 01:44   #1678
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Quote:
Originally Posted by Me-hul
Guys,
Today I got insurance for my i20 renewed with Bajaj Allianz online. But I've entered my vehicle registration number wrong. Is it possible to change the reg number now?
Call the helpline , they should be able to help.
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Old 22nd November 2011, 17:52   #1679
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Default Re: Automobile Insurance - Ask me

Hi People,

I have a Maruti 800 which 2001 model, the car insurance expired in Sep 2011, but its only today i realized that i need to renew my policy .

Now when i inquired with the company, no one is ready to insure the car, as its more than 8 years old.

Future Genrali, said they will insure it but at a price of Rs 4,500, which is ridiculus for a 2001.

kindly suggest the way out.

Thanks

Amit
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Old 22nd November 2011, 19:08   #1680
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by amitpunjani View Post
Hi People,

I have a Maruti 800 which 2001 model, the car insurance expired in Sep 2011, but its only today i realized that i need to renew my policy .

Now when i inquired with the company, no one is ready to insure the car, as its more than 8 years old.

Future Genrali, said they will insure it but at a price of Rs 4,500, which is ridiculus for a 2001.

kindly suggest the way out.

Thanks

Amit
Ask quote for just a 3rd party insurance - that will be cheaper. It doesn't make sense getting the full insurance for a 10 year old car.

Note that if you have just a 3rd party insurance, you won't get any money if the car is stolen. You also won't get reimbursed for any accident repairs.
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