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Old 13th December 2013, 19:39   #2641
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Please send me your previous policy document and current quote from bajaj. Make sure you grey out personal details like name, address(except for city and state of registration) registration no. And engine chassis no. I am technically trained to understand and tell you the reasons. Primarily there are only two reasons why you still see a high quote. 1) increase in third party premium starting April 2013 and 2) insurers have an adverse claim ratio for the particular model you own because of which the own damage discount on your car has Been reduced as compared to last year.
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Old 13th December 2013, 19:47   #2642
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Roadjurno I would recommend Toyota protect over buying direct policy from insurer. It is just not the Zerodep policy but a lot more like engine, consumable items like gear oil, engine oil etc are covered. It is in true sense going to provide cashless facility all over India. In case of accident if the surveyor doesn't come for survey of the vehicle in 4 hours. Toyota dealership is allowed to click photographs and start repairing the car. Toyota has Iffco tokio, chola and icici as consortiums to provide Toyota protect. Trust it helps.
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Old 13th December 2013, 19:51   #2643
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Sschivate pls go to ICICI's website and log a grievance first. Alternatively you can also register your complaint on www.igms.irda.gov.in and you would then see them following up with you rather.
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Old 13th December 2013, 22:52   #2644
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Hi guys,
I have to renew my car insurance (4 year old indigo Diesel Manza). Planning to go for SBI General insurance, Any feedback on the same ? Tried getting some review but no high success... Thanks in advance
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Old 13th December 2013, 23:43   #2645
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Where is your previous policy from? Any specific issue from present insurer? Have you made claims in previous years? City you are based? SBIGI primarily gets it's business from cars they finance so do check for their cashless tie up in the city you reside.
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Old 13th December 2013, 23:58   #2646
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Hello,

My car insurance renewal is due in January next year. I own a Hyundai i10 with company fitted CNG. ( In terms of insurance i believe it is called externally fitted as Hyundai does not provide factory fitted ones).

My current net premium is Rs 10,064 and the final premium is Rs 12,084. Its a normal cover and does not include Nil depreciation cover or any other add ons.

I wish to go for Nil depreciation cover this time and for the same i got a quote of Rs 12,450 from TATA AIG. This is including 20% NCB as i haven't claimed anything as of now. Other's like Bharti AXA and L&T have given the same quote plus minus Rs 200.

I am not sure if i am being given the right offer. Could someone tell if its a good deal?
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Old 14th December 2013, 00:59   #2647
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Sidkeenlearner: what is the IDV of your car in the quote given by TATA AIG. Premium entirely depends on this years evaluation. I am assuming your car is a year old. Tata is famous for drastically reducing the IDV's and quoting lesser premium. Make sure your current years IDV is no less then 10% of previous year. Higher IDV's are very helpful in case of theft or total loss of the vehicle.
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Old 14th December 2013, 12:08   #2648
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Default Re: Post your Insurance query Here...

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Dear All,

Please feel free to post all your insurance related queries here. I would be glad to answer them with accuracy and to your satisfaction.
@Carzealot, appreciate if you can respond to my query, posted just before this quoted post of yours...
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Old 14th December 2013, 13:47   #2649
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Indian motor Insurance industry inherited its roots from Britain where in case of motor accidents each owner contacts his own insurance company. Unlike states where liability insurance comes into picture in such cases. This in technical terms is called Knock Knock treaty. This primarily was done to keep the no. Of litigations low as in a lot of occasions there's no fool proof method to ascertain it was who's fault actually.
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Old 14th December 2013, 14:12   #2650
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Originally Posted by carzealot View Post
Sidkeenlearner: what is the IDV of your car in the quote given by TATA AIG. Premium entirely depends on this years evaluation. I am assuming your car is a year old. Tata is famous for drastically reducing the IDV's and quoting lesser premium. Make sure your current years IDV is no less then 10% of previous year. Higher IDV's are very helpful in case of theft or total loss of the vehicle.
Hi Carezalot,

You are right the IDV given by TATA AIG is after 10% Depreciation and its value is Rs 3,96,234. (This is including the IDV of CNG kit).

Can you tell me if its a good offer? I would appreciate if you could also tell me the company with whom i should go with.

Thanks.
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Old 14th December 2013, 16:46   #2651
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Can you please check with Tata guys about the own damage(O.D discount). I assume it is 20-25%. See if they can give you 35%. In case not then please go ahead with them. Tata has faster claim settlement process as compared to l&t
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Old 14th December 2013, 17:01   #2652
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schivate: Apologies for delayed reply. ICICI and your agent both are giving misleading statement. Ideally, NCB is a declaration from Insured's end which if found false would result in repudiation of a claim(In case you log one) worst case scenario the policy would stand cancelled inter-Alia( from very 1st minute). In your case ICICI should respect the NCB letter you have produced and refund it. Least they can do is to pro-rate the NCB refund calculating the no. Of days you took to produce the letter post renewal. So worst case scenario they should give you NCB refund for approx. 11 months.
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Old 14th December 2013, 20:39   #2653
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Originally Posted by carzealot View Post
Can you please check with Tata guys about the own damage(O.D discount). I assume it is 20-25%. See if they can give you 35%. In case not then please go ahead with them. Tata has faster claim settlement process as compared to l&t
Hi,

Could you clarify on which OD amount is discount calculated? Is it including add ons or excluding it? And is each and every discount (NCB, anti theft, profession) calculated on the OD amount?

I don't remember but i believe the quote of Rs 12,450 was after NCB and Anti theft discount. So is there any room for further discount?
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Old 14th December 2013, 21:51   #2654
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sidkeenlearner: A comprehensive insurance or First Party Insurance(desi lingo) comprises of three parts own damage, Personal Accident coverage(2Lacs) for owner who was also the driver during mishap(if any) and Third Party premium. NCB is your right in case there was no claim in the previous year/s. However, just to attract business or retain customer Insurance company gives discount on own damage premium which is deciding factor of the total premium you will end up paying. Higher the OD discount lower the premium. So you should push as much as you can for a higher OD discount.
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Old 16th December 2013, 11:07   #2655
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Where is your previous policy from? Any specific issue from present insurer? Have you made claims in previous years? City you are based? SBIGI primarily gets it's business from cars they finance so do check for their cashless tie up in the city you reside.
Thanks for the reply...Existing policy is from HDFC Ergo. No issue from the insurer as of now. Only thing is that they are quoting around 5.8K higher than SBI . Currently i am based in Bangalore. I was bit worried on cashless facility only ... Anyone already having SBI insurance please let me know their feedback also.
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