Go Back   Team-BHP > BHP India > Team-BHP Reviews > Indian Car Loans & Insurance


Reply
 
Thread Tools Search this Thread
Old 7th March 2014, 07:33   #2791
BHPian
 
Join Date: Feb 2013
Location: Delhi
Posts: 36
Thanked: 16 Times
Default Re: Automobile Insurance Queries? Ask me

Hi. I am buying a new Toyota Fortuner. Ex-showroom Rs 23 L. The dealer is quoting an insurance premium of Rs 82 K on Toyota Assure.

Want to understand:
(i) What does Toyota Assure cover
(ii) Can you buy a similar insurance from market
(iii) Any benefit that you cannot source from market vis-a-vis Toyota Assure
(iv) If you can create a replica from market, then who is the best provider.

Many thanks in advance!!
Hiteshs77 is offline   Reply With Quote
Old 7th March 2014, 12:20   #2792
Senior - BHPian
 
parsh's Avatar
 
Join Date: Aug 2010
Location: Bombay
Posts: 1,453
Thanked: 873 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by Hiteshs77 View Post
Hi. I am buying a new Toyota Fortuner. Ex-showroom Rs 23 L. The dealer is quoting an insurance premium of Rs 82 K on Toyota Assure.

Want to understand:
(i) What does Toyota Assure cover
(ii) Can you buy a similar insurance from market
(iii) Any benefit that you cannot source from market vis-a-vis Toyota Assure
(iv) If you can create a replica from market, then who is the best provider.

Many thanks in advance!!
First, you should get the clarification on all aspects of the quote from the dealer on what are the advantages, what is covered etc.

This is what I have from the Toyota Insurance Dept, Bangalore

TOYOTA ADVANTAGES.xls

The advantages mainly being Consumables also considered as part of 0 dep cover. There are other subtle differences if you look closely and compare with other quotes.

Normally, they are available as Add-Ons with some insurers not sure if all have them.

It is better to get quotes with all those add-ons from other insurers before finalizing on Toyota Protect. If there is no significant difference go for the Toyota Protect as you can then anytime catch Toyota for any issues.

Process-wise, yes, the Toyota Protect becomes an easy way to work by just dropping the car at dealership and filling up a form and work done without question.

TATA-AIG, IFFCO-TOKIO are some good ones you can try and Toyota has also tied up with them.
parsh is offline   (1) Thanks Reply With Quote
Old 7th March 2014, 14:50   #2793
BHPian
 
pratyush6's Avatar
 
Join Date: Jun 2013
Location: RNC - BLR
Posts: 428
Thanked: 460 Times
Default Re: Automobile Insurance Queries? Ask me

Can someone shed some light on the Claim acceptability if a car is involved in a 3 car mix-up and has been hit both from the side and the back?

I have raised such a claim but my SA told me the Insurance guy would not accept the claim of the hit from the back as the only mark is on the boot and not on the bumper!

And he wants a police FIR for this. I told him to go ahead with the repair of the fender for now.

Any suggestions?
pratyush6 is offline   Reply With Quote
Old 7th March 2014, 14:54   #2794
BHPian
 
Join Date: Feb 2013
Location: Delhi
Posts: 36
Thanked: 16 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by parsh View Post
First, you should get the clarification on all aspects of the quote from the dealer on what are the advantages, what is covered etc.
==============
TATA-AIG, IFFCO-TOKIO are some good ones you can try and Toyota has also tied up with them.
Thanks Parsh!! I have fixed up with them for tomorrow morning and would go armed with this Excel sheet and report back.

Last edited by Jaggu : 7th March 2014 at 16:01.
Hiteshs77 is offline   Reply With Quote
Old 8th March 2014, 14:26   #2795
BHPian
 
Gentle Giant's Avatar
 
Join Date: Aug 2010
Location: Mumbai
Posts: 76
Thanked: 27 Times
Default

Dear Sir, my Scorpio which was insured by New India Assurance got stolen on 21st Oct, 2013. While the FIR was registered with the Local police immediately, I took some time before starting the insurance process. To add to it, the insurance company further delayed the process by sending me back and forth for documents some 4-5 times, due to which the insurance claim was rejected by the company because of a total delay of approximately 130 days. Is there any way of challenging this rejection, please advise and thank you in advance.
Gentle Giant is offline   Reply With Quote
Old 9th March 2014, 11:42   #2796
BHPian
 
Join Date: Feb 2013
Location: Delhi
Posts: 36
Thanked: 16 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by Hiteshs77 View Post
Thanks Parsh!! I have fixed up with them for tomorrow morning and would go armed with this Excel sheet and report back.
Went again to Toyota. They are offering (a) Toyota Assure or (b) Bharti AXA. Toyota Assure is Rs 82 K and Bharti AXA is Rs 62 K.

What Bharti AXA does not have is:
(i) It has zero dep for 3 years whereas Toyota has for 5 years
(ii) Toyota covers all consumables in event of claims whereas Bharti AXA does not
(iii) Toyota covers wiring harness etc.
(iv) Passenger cover: Toyota covers 1 +4, Bharti covers 1+1

Both are cashless with Toyota workshops.

I still can't see much advantage in Toyota Assure to justify a 33% premium. If you have a different POV, please advise.
Hiteshs77 is offline   Reply With Quote
Old 9th March 2014, 15:38   #2797
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 4,806
Thanked: 1,804 Times
Smile Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by Hiteshs77 View Post
I still can't see much advantage in Toyota Assure to justify a 33% premium. If you have a different POV, please advise.
I would suggest to look elsewhere other than Toyota. These links will support my argument.
http://www.team-bhp.com/forum/indian...ml#post3333315 (Automobile Insurance Queries? Ask me)

Quote:
Originally Posted by Gentle Giant View Post
Is there any way of challenging this rejection, please advise and thank you in advance.
The only way out is to approach the Consumer court. Since the Insurer is equally to be blamed for the delay in processing, the claim rejection can be challenged.
ghodlur is offline   Reply With Quote
Old 9th March 2014, 17:00   #2798
Senior - BHPian
 
parsh's Avatar
 
Join Date: Aug 2010
Location: Bombay
Posts: 1,453
Thanked: 873 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by Hiteshs77 View Post
Went again to Toyota. They are offering (a) Toyota Assure or (b) Bharti AXA. Toyota Assure is Rs 82 K and Bharti AXA is Rs 62 K.

I still can't see much advantage in Toyota Assure to justify a 33% premium. If you have a different POV, please advise.
Certainly exorbitantly costly.

Did you try get quote from others, IFFCO-TOKIO, TATA-AIG, Bharati-AXA with/without those coverages on your own than from dealer only? Worth checking. May come to even less.

Try checking Guderian's Admiral thread for the insurance, may provide a detailed insight.
parsh is offline   Reply With Quote
Old 9th March 2014, 22:01   #2799
BHPian
 
Join Date: Feb 2013
Location: Delhi
Posts: 36
Thanked: 16 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by parsh View Post
Certainly exorbitantly costly.
==========
Try checking Guderian's Admiral thread for the insurance, may provide a detailed insight.
Thanks!! Will do. Checked with IFFCO-TOKIO separately. They are at Rs 65 K for Bharti Axa type cover.
Hiteshs77 is offline   Reply With Quote
Old 11th March 2014, 17:13   #2800
BHPian
 
Gentle Giant's Avatar
 
Join Date: Aug 2010
Location: Mumbai
Posts: 76
Thanked: 27 Times
Default

Quote:
Originally Posted by ghodlur View Post
I would suggest to look elsewhere other than Toyota. These links will support my argument.

http://www.team-bhp.com/forum/indian...ml#post3333315 (Automobile Insurance Queries? Ask me)





The only way out is to approach the Consumer court. Since the Insurer is equally to be blamed for the delay in processing, the claim rejection can be challenged.

Thanks so much, will do that as a last resort.
Gentle Giant is offline   Reply With Quote
Old 15th March 2014, 20:03   #2801
BHPian
 
pratyush6's Avatar
 
Join Date: Jun 2013
Location: RNC - BLR
Posts: 428
Thanked: 460 Times
Default Re: Automobile Insurance Queries? Ask me

Hi Guys,

My Ford Figo Diesel (Titan.) 2013 is up for its first renewal. My current insurer is Bharti AXA, which has been great in handling claims so far, but for some reasons they are yet to contact me for a Renewal.

I have been contacted by TATA AIG, SBI General, and ICICI Lombard so far.

Below are the quotes:
1. TATA AIG -- IDV: Rs. 4,96,218 -- Premium Quoted: Rs. 17,584
2. SBI General -- IDV: Rs. 5,30,000 -- Premium Quoted: Rs. 16,117
3. Bajaj Allianz -- IDV: Rs. 5,14,350 -- Premium Quoted: Rs. 14,558

The showroom I normally go for repairs wants me to go for either ICICI or SBI as he says they generally assess properly. Not sure what he meant.

Another question - I have declared everywhere that I have had claims in the current policy, but no one has so far asked me how many? Should I be telling them the same?

Any suggestions on what to do? Please advice, I need to finish this off by this week. Thanks!

Last edited by pratyush6 : 15th March 2014 at 20:23.
pratyush6 is offline   Reply With Quote
Old 16th March 2014, 12:57   #2802
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 4,806
Thanked: 1,804 Times
Red face Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by pratyush6 View Post
My current insurer is Bharti AXA, which has been great in handling claims so far, but for some reasons they are yet to contact me for a Renewal.

Another question - I have declared everywhere that I have had claims in the current policy, but no one has so far asked me how many? Should I be telling them the same?
If Bharati Axa hasnt contacted you for renewals, then it means that they are having second thoughts since you have already claimed (once?). They would be treating you as a high risk customer, hence the case. The same would be for the rest of the Insurers too who would be wary of making you their customer as you have already made claims.

I would suggest you to check with the Ford workshop where you generally service your car about the cashless tie ups. I am sure Royal Sundaram would be one of them. If so, get a quote from RS and check if their quote is comparable with Tata & SBI. You can either opt with Tata or RS as they are relatively older players. SBI is still new to the car insurance. The renewal premium would be higher than normal since you made claims. But as a precaution you can opt for NCB protection add on from the Insurer you would finally buy the Insurance from. This will help during the renewals too. Hope this helps.
ghodlur is offline   Reply With Quote
Old 16th March 2014, 13:56   #2803
Senior - BHPian
 
abhinav.gupta88's Avatar
 
Join Date: Sep 2007
Location: Delhi , India
Posts: 4,087
Thanked: 306 Times
Default Re: Automobile Insurance Queries? Ask me

I sold my car back in 2013 may.

It had a NCB of 45/55% on it.
I forgot to get the NCB certificate from the insurer. Not it has been almost a year, any way can get it now ( i want to use it for the new car i wish to purchase)
abhinav.gupta88 is offline   Reply With Quote
Old 16th March 2014, 17:22   #2804
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 4,806
Thanked: 1,804 Times
Smile Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by abhinav.gupta88 View Post
it has been almost a year, any way can get it now ( i want to use it for the new car i wish to purchase)
You should be able to get it provided you know the Insurance details such as policy no etc. Apply to the Insurance co giving some "genuine" reason.
ghodlur is offline   (1) Thanks Reply With Quote
Old 16th March 2014, 20:21   #2805
Senior - BHPian
 
abhinav.gupta88's Avatar
 
Join Date: Sep 2007
Location: Delhi , India
Posts: 4,087
Thanked: 306 Times
Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by ghodlur View Post
You should be able to get it provided you know the Insurance details such as policy no etc. Apply to the Insurance co giving some "genuine" reason.
I have the old policy documents.

I dont have any reason other than the fact that I did not know it expires after 3 months if document not claimed. Any Pointers?
abhinav.gupta88 is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Health insurance queries? Ask me! Haste Shifting gears 350 22nd November 2016 19:29
Queries in 'Ask the gurus' section rocksterraghu In-Car Entertainment 695 9th August 2016 07:54
Automobile Insurance - FAQ rjvora_2000 Indian Car Loans & Insurance 71 28th October 2015 18:28
P-150 classic for sale .What can i ask for jango Motorbikes 1 31st March 2006 12:51


All times are GMT +5.5. The time now is 05:47.

Copyright 2000 - 2016, Team-BHP.com
Proudly powered by E2E Networks