Tata AIG's 0% Depreciation Car Insurance - Team-BHP

Rohini · 15th May 2009, 23:16

Tata AIG is the first to obtain go ahead from IRDA to provide ADD ON covers to their car customers. They are offering 0% Depreciation, Daily Allowance, Key Replacement, Return to Invoice, Emergency Hotel & Transportation, No Claim Bonus Protection etc. These are very good extensions to the existing policy which will definetely cost a bit more. Especially 0% Depreciation cover offers full settlement of claim without any deduction for depreciation. (existing policies of all companies pay only 50% of Rubber / Plastic parts; 5% -50% deduction on Metal parts in case of accident claims) Check with the local Tata AIG office.

neel385 · 16th May 2009, 00:08

This could be interesting for all vehicle owners; are any other details available i.e. the premium calculation etc?

mmmjgm · 16th May 2009, 00:43

Please read the fine print, I'm more than familiar with TATA AIG GEneral insurance.

Rohini · 16th May 2009, 13:42

Quote:

Originally Posted by neel385

This could be interesting for all vehicle owners; are any other details available i.e. the premium calculation etc?

I already checked the fine prints & I am convinced on the add ons. I am waiting for my renewal which is due in Aug 09 so that I can approach Tata AIG for renewal.

gopalnayak · 16th May 2009, 21:03

Can these add-ons be availed on existing policies or should I necessarily do it during renewal?

Rohini · 16th May 2009, 21:37

Quote:

Originally Posted by gopalnayak

Can these add-ons be availed on existing policies or should I necessarily do it during renewal?

These can be opted only at the time of next renewal.

rjvora_2000 · 18th May 2009, 11:23

Nice to know this, there website does not have any writeup on this. Do you have some thing in writing for this one?

Rohini · 18th May 2009, 22:18

I heard this from a Tata AIG Manager at Hyderabad. You may contact him for more information @ 90522 20466.

rjvora_2000 · 19th May 2009, 11:27

Quote:

Originally Posted by Rohini

I heard this from a Tata AIG Manager at Hyderabad. You may contact him for more information @ 90522 20466.

I spoke to some manager in Mumbai, he told me that this is there future plans to introduce such product but nothing has launch officially till date that was a reason I was asking you that do you have something in writing that will really help.

alpha1 · 19th May 2009, 11:31

Are these sops offered beacuse parent AIG is officially bummed?

tsk1979 · 19th May 2009, 11:39

Zero% depreciation on plastic parts? Am I sure I read this right!?

Mr.Bangalore · 19th May 2009, 11:45

any of you know wat will be the premium to be paid for this offer.?

rjvora_2000 · 19th May 2009, 11:54

Quote:

Originally Posted by Mr.Bangalore

any of you know wat will be the premium to be paid for this offer.?

Sirji this is under the planing stage till now no company has comeup with the rating's for such product.

Quote:

Originally Posted by tsk1979

Zero% depreciation on plastic parts? Am I sure I read this right!?

Quote:

Originally Posted by alpha1

Are these sops offered beacuse parent AIG is officially bummed?

All the companies will have such product so this is not AFAIK but a truth. We might have to some extra premium but 100% of our claims will be payable from insurance company.

diwa · 19th May 2009, 12:04

Rohini,

Are your working for TATA AIG? Your profile mentions that your are in the insurance industry.

Rohini · 19th May 2009, 19:17

I was a Life Insurance Agent before but not any more.

15th May 2009, 23:16	#1 (permalink)
Rohini Newbie Join Date: Aug 2007 Location: Hyderabad Posts: 17	Tata AIG's 0% Depreciation Car Insurance Tata AIG is the first to obtain go ahead from IRDA to provide ADD ON covers to their car customers. They are offering 0% Depreciation, Daily Allowance, Key Replacement, Return to Invoice, Emergency Hotel & Transportation, No Claim Bonus Protection etc. These are very good extensions to the existing policy which will definetely cost a bit more. Especially 0% Depreciation cover offers full settlement of claim without any deduction for depreciation. (existing policies of all companies pay only 50% of Rubber / Plastic parts; 5% -50% deduction on Metal parts in case of accident claims) Check with the local Tata AIG office. __________________ Rohini

16th May 2009, 00:43	#3 (permalink)
mmmjgm BHPian Join Date: Nov 2004 Location: Bombay Posts: 298	Please read the fine print, I'm more than familiar with TATA AIG GEneral insurance. __________________ The Decision bell rings. It does.

18th May 2009, 11:23	#7 (permalink)
rjvora_2000 BHPian Join Date: Mar 2008 Location: MH-03 Mumbai Posts: 898 View My Garage	Nice to know this, there website does not have any writeup on this. Do you have some thing in writing for this one? __________________ Completing one year on 27th November 2009 to "Insurance - Ask me" Thread. - *Rupesh Jadavji Vora.*

18th May 2009, 22:18	#8 (permalink)
Rohini Newbie Join Date: Aug 2007 Location: Hyderabad Posts: 17	I heard this from a Tata AIG Manager at Hyderabad. You may contact him for more information @ 90522 20466. __________________ Rohini

19th May 2009, 11:39	#11 (permalink)
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: New Delhi Posts: 11,273 View My Garage	Zero% depreciation on plastic parts? Am I sure I read this right!? __________________ Reclaimed, wrung dry and recycled....!

16th May 2009, 00:08	#2 (permalink)
neel385 BHPian Join Date: Nov 2007 Location: Bidar Posts: 78 View My Garage	This could be interesting for all vehicle owners; are any other details available i.e. the premium calculation etc?

16th May 2009, 21:03	#5 (permalink)
gopalnayak BHPian Join Date: Feb 2008 Location: Bangalore Posts: 33	Can these add-ons be availed on existing policies or should I necessarily do it during renewal?

19th May 2009, 11:31	#10 (permalink)
alpha1 BHPian Join Date: Apr 2007 Location: pune Posts: 285	Are these sops offered beacuse parent AIG is officially bummed?

19th May 2009, 11:45	#12 (permalink)
Mr.Bangalore BHPian Join Date: Jul 2006 Location: Bengalooru Posts: 235 View My Garage	any of you know wat will be the premium to be paid for this offer.? __________________ "To the question of your life, you are the only Answer. To the problems of your life, you are the only Solution"

19th May 2009, 12:04	#14 (permalink)
diwa BHPian Join Date: Jun 2006 Location: chennai Posts: 142	Rohini, Are your working for TATA AIG? Your profile mentions that your are in the insurance industry. __________________ Royal Enfield Thunderbird - 2006 Maruti Suzuki Swift VXi - 2006

19th May 2009, 19:17	#15 (permalink)
Rohini Newbie Join Date: Aug 2007 Location: Hyderabad Posts: 17	I was a Life Insurance Agent before but not any more. __________________ Rohini

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