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Old 27th May 2009, 17:10   #211
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Default i10 insurance renewal

hi,

The insurance for my i10 era is up for renewal in June-end. But I've already started getting bombarded by calls from various insurers -- all saying special offers if I renew NOW.

It started a month back with Chola sending a mail, quoting 8,400 as premium. A couple of weeks back I got a call from Reliance, quoting Rs7,000 + some free gifts.

Today, I got a call from Chola with a fresh quote -- Rs6,055 (but only if i renew before 31 May).

When I checked with my dealer, they said Reliance is their preferred insurer and they quoted Rs6,000 + a couple of free car washes thrown in.

Should I go with Chola or Reliance? Pls advise.
Thanks
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Old 28th May 2009, 10:17   #212
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Originally Posted by naru View Post
hi,

The insurance for my i10 era is up for renewal in June-end. But I've already started getting bombarded by calls from various insurers -- all saying special offers if I renew NOW.

It started a month back with Chola sending a mail, quoting 8,400 as premium. A couple of weeks back I got a call from Reliance, quoting Rs7,000 + some free gifts.

Today, I got a call from Chola with a fresh quote -- Rs6,055 (but only if i renew before 31 May).

When I checked with my dealer, they said Reliance is their preferred insurer and they quoted Rs6,000 + a couple of free car washes thrown in.

Should I go with Chola or Reliance? Pls advise.
Thanks
Ask your service center guy which is the preferred insurer with him other then Icici and Reliance and go with them. Bajaj is the best in the business.

You have been quoted Rs. 8400 to 6000. I will advice you to check the Idv (car value) for all the quote. Make it sure that the Idv is not below 20% then the last year. It should be in the range of 10% to 20% below the last year's value.
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Old 28th May 2009, 13:22   #213
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Originally Posted by rjvora_2000 View Post
Ask your service center guy which is the preferred insurer with him other then Icici and Reliance and go with them. Bajaj is the best in the business.

You have been quoted Rs. 8400 to 6000. I will advice you to check the Idv (car value) for all the quote. Make it sure that the Idv is not below 20% then the last year. It should be in the range of 10% to 20% below the last year's value.

IDV last year was 351,689.
This year it is 316,520. Is this negotiable??
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Old 29th May 2009, 10:49   #214
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Quote:
Originally Posted by rjvora_2000 View Post
You have been quoted Rs. 8400 to 6000. I will advice you to check the Idv (car value) for all the quote. Make it sure that the Idv is not below 20% then the last year. It should be in the range of 10% to 20% below the last year's value.
Quote:
Originally Posted by naru View Post
IDV last year was 351,689.
This year it is 316,520. Is this negotiable?? (Both quotes from Chola)
ok, i checked with Bajaj Allianz.

They say the car's IDV is in the range of 3.07 lakh to 3.40 lakh

For 3.4 lakh, the premium is 7,000. (all quotes earlier from Reliance etc had taken IDV @ 3.16 lakh)

Should I get insured for the minimum IDV or the max??

Pls advice

Thanks
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Old 29th May 2009, 12:14   #215
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Time has come to renew my car (Toyota Corolla) insurance. Currently it is insured with Iffco-Tokio. For renewal, I have got the following quotes:
1. Iffco-Tokio: Rs. 20,169/-
2. Reliance: Rs. 18,061/-

These are the preferred 2 insurance companies with the dealer (Ravindu Toyota). Kindly suggest which one to go along with. Any horror / good experience stories for either of them are welcome.

Thanks.
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Old 30th May 2009, 10:06   #216
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Quote:
Originally Posted by Jedi.Knight View Post
Time has come to renew my car (Toyota Corolla) insurance. Currently it is insured with Iffco-Tokio. For renewal, I have got the following quotes:
1. Iffco-Tokio: Rs. 20,169/-
2. Reliance: Rs. 18,061/-

These are the preferred 2 insurance companies with the dealer (Ravindu Toyota). Kindly suggest which one to go along with. Any horror / good experience stories for either of them are welcome.

Thanks.
Any other company then Reliance and Icici is better for doing the business. but I think the premium is little on higher side. which year car?

Quote:
Originally Posted by naru View Post
ok, i checked with Bajaj Allianz.

They say the car's IDV is in the range of 3.07 lakh to 3.40 lakh

For 3.4 lakh, the premium is 7,000. (all quotes earlier from Reliance etc had taken IDV @ 3.16 lakh)

Should I get insured for the minimum IDV or the max??

Pls advice

Thanks
Higher the better, you will get more amount in case of total loss.
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Old 31st May 2009, 21:52   #217
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Can you pls clear up two more points:

My Hyundai service centre says they don't have cashless facility for Bajaj and Chola. They do it ONLY for Reliance (and Iffco-tokio, i think) and that's the BEST and that's THE ONLY ONE they would recommend.

Considering that I'll be dealing mainly with the service centre, Is it still advisable to go for bajaj? (their quote is the highest, too)

Also, according to the service centre, since my IDV last year was 351,689, even if I make my IDV 340,000 this year, I will get a max payout of 316,520, because the depriciation HAS to be factored in. Is this true?

Thanks for the help
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Old 31st May 2009, 22:51   #218
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i recently bought a second hand car with a third party insurance. now i want to go for a comprehensive insurance. how to get no claim bonus and max discount. i also own another car and it has comprehensive insurance. can the ncb from my other car be transferred to my newly bought second hand car. please suggest.
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Old 2nd June 2009, 08:51   #219
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Quote:
Originally Posted by naru View Post
Can you pls clear up two more points:

My Hyundai service centre says they don't have cashless facility for Bajaj and Chola. They do it ONLY for Reliance (and Iffco-tokio, i think) and that's the BEST and that's THE ONLY ONE they would recommend.

Considering that I'll be dealing mainly with the service centre, Is it still advisable to go for bajaj? (their quote is the highest, too)

Also, according to the service centre, since my IDV last year was 351,689, even if I make my IDV 340,000 this year, I will get a max payout of 316,520, because the depriciation HAS to be factored in. Is this true?

Thanks for the help
Don't go for bajaj then. go for iffco. DON'T GO FOR RELIANCE AT ANY COST.

yes that is true. your IDV has to be Rs. 316520 that should be the highest not more then that, as that is the 10% less then the last years value.
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Old 2nd June 2009, 10:01   #220
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Quote:
Originally Posted by patil View Post
i recently bought a second hand car with a third party insurance. now i want to go for a comprehensive insurance. how to get no claim bonus and max discount. i also own another car and it has comprehensive insurance. can the ncb from my other car be transferred to my newly bought second hand car. please suggest.
From TP insurance to comprehensive insurance the insurance will need a survey and then the policy can be taken.
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Old 2nd June 2009, 10:59   #221
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Am in a dilemma

Do I renew with icici lombard at Rs 13000 - although they processed a claim okay, they still have not updated various details properly or my bank is offering Bajaj allianz at Rs 17000, they are offering to follow up and process any claim if anything happens,

Should I stick with ICICI or change over?
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Old 2nd June 2009, 15:51   #222
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Originally Posted by ajmat View Post
Am in a dilemma

Do I renew with icici lombard at Rs 13000 - although they processed a claim okay, they still have not updated various details properly or my bank is offering Bajaj allianz at Rs 17000, they are offering to follow up and process any claim if anything happens,

Should I stick with ICICI or change over?
My advice would be to change the company and bargain with Bajaj or with anyone else.
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Old 6th June 2009, 08:51   #223
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My Verna is due for Insurance on Monday. 2nd year starting now.

I had with Bajaj Allianz earlier.

Who should I choose - IFFCO, TATA AIG or BAJAJ ?

I got a letter from Bajaj stating -

IDV - 594532 / Premium on this - 15178 ( from this I will take off 20 % NCB )

Now is this NCB all right ? Also I should be getting a discount, how much should that be ?
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Old 6th June 2009, 09:14   #224
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Originally Posted by vkochar View Post
My Verna is due for Insurance on Monday. 2nd year starting now.

I had with Bajaj Allianz earlier.

Who should I choose - IFFCO, TATA AIG or BAJAJ ?

I got a letter from Bajaj stating -

IDV - 594532 / Premium on this - 15178 ( from this I will take off 20 % NCB )

Now is this NCB all right ? Also I should be getting a discount, how much should that be ?
(NCB +) Other discount should be 20% or more, If you have a petrol car then discount will be 35% or more.

Call the no. which must be written on the letter and ask for more discount.

STICK to Bajaj as they are the best in the business.

Last edited by rjvora_2000 : 6th June 2009 at 09:16.
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Old 6th June 2009, 17:13   #225
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guys,
my car insurance is up for renewal and have been bombarded with calls.
its a santro xing xo 2007 model and theres no claims so far
for an idv of 2.65lacs,
ICICI lombard agent quoted me Rs5,500
TATA AIG quotes Rs5,900

and when i checked the quote in icici lombard site, i got a quote of 2.65 lacs.. all parameters been same.

TATA AIG insists their claim process is the most simplest
-No deduction on count of Salvage value - i didnt understand what this means
-and claims can be reported over phone and the agent said icici doesnt have this facility

Now i am really confused, which company to go with?
All companies have different premiums for the same IDV(all parameters same)
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