Insurance - Ask me

[sriturl]

Originally Posted by laluks

Any suggestions?

Check out more and you will be in for surprise
There are other vendors who are becoming more competitive. You can try Tata AIG, Bharati AXA etc., but both donot have online quote, you can call them or email and get a quote.

Or try out policybazaar.com

[hdi_pro]

got some slight scratches on my bumper and slight dent.Can I claim insurance for repairing the dents and scratches.

Thanks,
hdi.

[janitha]

Originally Posted by hdi_pro

got some slight scratches on my bumper and slight dent.Can I claim insurance for repairing the dents and scratches.

Thanks,
hdi.

You will loose "no claim bonus" when renewing the policy. So I feel it is better to pay from pocket for small works.

[rjvora_2000]

Originally Posted by sriturl

Or try out policybazaar.com

This is not a correct web site for quote - I believe.

They are favoring only one or two companies, if you approach direct to those companies where that quote less discount, Companies will give you more discount on the same IDV. Product information also is not correct on this site.

Look's good and easy to surf the site. - That's it, nothing else.

[aka_iitd]

It's a time for my SX4 Insurance renewal and I can see the Schedule of premium is divided in 2 sections from Maruti insurance. One is Own damage which contains Vehicle and Accessories and other section is Liability.Liability has Rs. 2500 for Vehicle entry. I am not able to understand about Liability entry. Folks please shed some light on this. I cannot see this section in Bajaj policy for my Getz

[Sha09mel]

Hi..

My insurance gets over today, mid-nite & Honda has recommended Future Generali India.
Any suggestions as to how good is the company in terms of Insurance??

[rjvora_2000]

Originally Posted by aka_iitd

It's a time for my SX4 Insurance renewal and I can see the Schedule of premium is divided in 2 sections from Maruti insurance. One is Own damage which contains Vehicle and Accessories and other section is Liability.Liability has Rs. 2500 for Vehicle entry. I am not able to understand about Liability entry. Folks please shed some light on this. I cannot see this section in Bajaj policy for my Getz

Liability side has Third-party cover, Legal liability to driver, Accident cover to driver. this three are must cover one more optional add on is of Accident cover for un-named passenger.

This is a compulsory insurance no company can avoid this. Ask insurance company to give details of the quote that will have these details.

Originally Posted by Sha09mel

Hi..

My insurance gets over today, mid-nite & Honda has recommended Future Generali India.
Any suggestions as to how good is the company in terms of Insurance??

Future is doing good at-list in Mumbai. Please check with your service station do they have a tie-up with them? - That's very important.

[zaks]

My Palio Multijet's insurance expires in Jun and I have already got calls from Reliance with some quotes. The present one is TATA AIG and I paid about 15k when I bought the car and the IDV was 4.56L.
Now, Reliance called up and said they would offer me 30% discout + NCB if I renew with them. This looks attractive and I checked with my service station they have cashless with Royal Sundaram, Reliance, ICICI Lombard, Bajaj (coming soon) and some others.
I did checkout online quotes and Bajaj is quoting 10,445 and Royal Sundaram is quoting 8,547 which is quite low. They both mention approx 4L as IDV which is low I think.
My service station guys said that RS gives a better deal according to his experience with customers and also covers 100% for plastic parts too. He said Reliance is good too.
I have my bike insured with Bajaj and prefer to go with them going by the feedbacks from others they seem to be good but I don't have any personal experience since I haven't made a claim until now.

Guys what are your opinions

[rjvora_2000]

Originally Posted by zaks

My Palio Multijet's insurance expires in Jun and I have already got calls from Reliance with some quotes. The present one is TATA AIG and I paid about 15k when I bought the car and the IDV was 4.56L.
Now, Reliance called up and said they would offer me 30% discout + NCB if I renew with them. This looks attractive and I checked with my service station they have cashless with Royal Sundaram, Reliance, ICICI Lombard, Bajaj (coming soon) and some others.
I did checkout online quotes and Bajaj is quoting 10,445 and Royal Sundaram is quoting 8,547 which is quite low. They both mention approx 4L as IDV which is low I think.
My service station guys said that RS gives a better deal according to his experience with customers and also covers 100% for plastic parts too. He said Reliance is good too.
I have my bike insured with Bajaj and prefer to go with them going by the feedbacks from others they seem to be good but I don't have any personal experience since I haven't made a claim until now.

Guys what are your opinions

Plastic part's and 100% claimable?? Legally this is not possible... Ask him to give this in writing. If he give you anything in black and white please upload the same.

Bajaj is a good company when it comes to claim.

[NK@Hyd]

Rupesh,

Just wanted to take a minute and thank you for your car insurance advice to all of us. A few months back, I had taken your advice on a discrepancy in my car insurance. I just got a refund of 900 bucks from HDFC Ergo, thanks to you.

[rjvora_2000]

Originally Posted by NK@Hyd

Rupesh,

Just wanted to take a minute and thank you for your car insurance advice to all of us. A few months back, I had taken your advice on a discrepancy in my car insurance. I just got a refund of 900 bucks from HDFC Ergo, thanks to you.

Wow I am happy for you!!!

Very nice.

[girish.r]

Hi Rupesh,

I bought Verna CRDI last May and insurance policy is due for renewal May 1st week. The then IDV was 717182 and it was insured with Bajaj.
A lady from some agency gave the following quotes for Reliance:
Current IDV: 645300 (10% of the last year IDV)
Current premium including 20% NCB and 40% discount from Reliance: 12200(by cheque) and 11676(by cash)
Current premium including 20% NCB from Bajaj: 14000(approx)

The insurance person at the dealer gave the following quotes:
Current IDV: 610000 which is 15% of the last year IDV and this person informed that for the second year it will be 15% depreciation and after completing 2 years the depreciation would be calculated at 10% every year. Is he correct?
Current premium including 20% NCB: 12506
He says that there is no discount as such going on from either Reliance or Bajaj & therefore 12506 is the same amount for both Bajaj and Reliance.

However my dealer has tied up with both Reliance and Bajaj.

Rupesh, I request you to provide info on the following:
1. whether the private agency would be more knowledgeable/professional or the dealer personnel
2. is it 10% depreciation every year or 15% for second year and 10% thereafter
3. is Reliance better/on par with Bajaj?

Thanks in advance,
Girish

[lambuhere1]

A wierd thought came into my mind.

Do we have anything in auto insurance [ like what we have in life insurance, called TERM POLICY ] lifelong payed insurance, wherein we can pay the premium amount only once and get the coverage for the life long of the car ?

Any ideas guys

[aka_iitd]

girish if you car has hardly covered any distance may be within 10K I think you may ask for only 10% depreciation. Insurance company will agree.
Giving cash your insurance is reduced by 500 bucks. I think there is some catch.

[rjvora_2000]

Originally Posted by girish.r

Hi Rupesh,

I bought Verna CRDI last May and insurance policy is due for renewal May 1st week. The then IDV was 717182 and it was insured with Bajaj.
A lady from some agency gave the following quotes for Reliance:
Current IDV: 645300 (10% of the last year IDV)
Current premium including 20% NCB and 40% discount from Reliance: 12200(by cheque) and 11676(by cash)
Current premium including 20% NCB from Bajaj: 14000(approx)

The insurance person at the dealer gave the following quotes:
Current IDV: 610000 which is 15% of the last year IDV and this person informed that for the second year it will be 15% depreciation and after completing 2 years the depreciation would be calculated at 10% every year. Is he correct?
Current premium including 20% NCB: 12506
He says that there is no discount as such going on from either Reliance or Bajaj & therefore 12506 is the same amount for both Bajaj and Reliance.

However my dealer has tied up with both Reliance and Bajaj.

Rupesh, I request you to provide info on the following:
1. whether the private agency would be more knowledgeable/professional or the dealer personnel
2. is it 10% depreciation every year or 15% for second year and 10% thereafter
3. is Reliance better/on par with Bajaj?

Thanks in advance,
Girish

Hi Girish,

Small information may be I also have Verna sx with abs which is due in the month May first week.

1. Dealer will always have a less information if compared to a person who's job is to do insurance day in and out.

2. I will do it this way:- 15% first year and 10% there on. (This is my way but it entirely depends on you who much you have used your car.)

3. Please forgive me for my language the difference is of a horse and a donkey. - Bajaj is a Horse in the above line.

Originally Posted by lambuhere1

A wierd thought came into my mind.

Do we have anything in auto insurance [ like what we have in life insurance, called TERM POLICY ] lifelong payed insurance, wherein we can pay the premium amount only once and get the coverage for the life long of the car ?

Any ideas guys

No sirji not a wired thought at all there were such policies earlier in the market but now such a product's are band by IRDA in the market.

Originally Posted by aka_iitd

girish if you car has hardly covered any distance may be within 10K I think you may ask for only 10% depreciation. Insurance company will agree.
Giving cash your insurance is reduced by 500 bucks. I think there is some catch.

It is not, that guy's is paying his part of commission to Mr. Girish. nothing else.