Renewal of Insurance Policy

jp1 · 13th April 2007, 12:59

My vehicle's insurance is due for renewal, originally insured with Royal Sundaram by the dealer. After seeing lot of post with unpleasant experiences with private insurances, I am thinking of changing it to National Insurance. All my previous policies of past vehicles owned were with either National or Oriental and never had a problem with any claims. Is there any benefit by continuing the insurance with Royal Sundaram in terms of premium or there is any disadvantage changing to National insurance or any other public sector companies?

esteem_lover · 13th April 2007, 13:34

From what i have heard, Royal Sundaram is not a bad company at all. Their track record seems pretty clean. Why change it. It is the ICICI guys that you really have to look out for.
cheers

finneyp · 13th April 2007, 14:32

Yes, I had a good experience with Royal Sundaram for the last 3 years, I had claimed 3 - 4 times and there was no hassles!

If they have cashless facility with your Authorized Service centres, then better to stick with them!

dilipkumar7278 · 14th April 2007, 13:50

If possible do not go for private insurances and private loans.I never go for private insurance because some of my friends had unpleasant experiences with private firms.its better to stick to govt.agencies

jp1 · 17th April 2007, 15:43

Thank you guys for all your suggestions, Finally I thought Why to take a chance, got it renewed with National Insurance, in fact they gave a discount of Rs 1000 compared to Royal Sundaram's premium amount

squarecut · 17th April 2007, 16:28

Quote:

Originally Posted by dilipkumar7278

If possible do not go for private insurances and private loans.I never go for private insurance because some of my friends had unpleasant experiences with private firms.its better to stick to govt.agencies

I believe what you say. Can you suggest some govt. agencies ? Many reliable govt agencies, e.g. SBI do not offer car insurance. It is this fact, and the fact that the private insureres are very pro active and often tie up with authorised car service centres, that makes most car owners go for private insurers.

jp1 · 19th April 2007, 17:45

[quote=squarecut;415576]I believe what you say. Can you suggest some govt. agencies ?
New India Insurance, Oriental Insurance

naveenmani · 19th April 2007, 21:09

with National Insurance, in fact they gave a discount of Rs 1000 compared to Royal Sundaram's premium amount

wolfinstein · 21st April 2007, 17:07

My expierence with United was really bad, The surveyor was rude, ignorant, din't know anything about a Lancer..!

Oriental-just paid them, after that no claim..!

Got a better deal with Reliance-45 % NCB and all.

Renewed my Lancer Insurance for Rs.7300 with IDV at around 3.3 for a car of 6 years

bandlimitedlife · 11th February 2008, 12:25

I guess the best thing to do is get your insurance from whatever the dealer usually recommends as they have good relationship with insurance co and things happen quickly.

I have maruti insurance through national insurance company, couple of months ago a bike guy rammed into my door and the insurance claim process was very smooth. I did not bother after handing over the vehicle and filling the necessary documentation. Entire process was taken care of by the auto agency.

13th April 2007, 12:59	#1
jp1 BHPian Join Date: Jun 2006 Location: Bangalore Posts: 286 Thanked: 47 Times	Renewal of Insurance Policy My vehicle's insurance is due for renewal, originally insured with Royal Sundaram by the dealer. After seeing lot of post with unpleasant experiences with private insurances, I am thinking of changing it to National Insurance. All my previous policies of past vehicles owned were with either National or Oriental and never had a problem with any claims. Is there any benefit by continuing the insurance with Royal Sundaram in terms of premium or there is any disadvantage changing to National insurance or any other public sector companies?
	() Thanks

13th April 2007, 13:34	#2
esteem_lover Senior - BHPian Join Date: Jul 2006 Location: Madras/Py Posts: 7,556 Thanked: 502 Times View My Garage	From what i have heard, Royal Sundaram is not a bad company at all. Their track record seems pretty clean. Why change it. It is the ICICI guys that you really have to look out for. cheers
	() Thanks

13th April 2007, 14:32	#3
finneyp Senior - BHPian Join Date: Dec 2005 Location: Bangalore Posts: 2,716 Thanked: 319 Times View My Garage	Yes, I had a good experience with Royal Sundaram for the last 3 years, I had claimed 3 - 4 times and there was no hassles! If they have cashless facility with your Authorized Service centres, then better to stick with them!
	() Thanks

14th April 2007, 13:50	#4
dilipkumar7278 BANNED Join Date: Mar 2006 Location: COCHIN Posts: 441 Thanked: 109 Times View My Garage	If possible do not go for private insurances and private loans.I never go for private insurance because some of my friends had unpleasant experiences with private firms.its better to stick to govt.agencies
	() Thanks

17th April 2007, 15:43	#5
jp1 BHPian Join Date: Jun 2006 Location: Bangalore Posts: 286 Thanked: 47 Times	Thank you guys for all your suggestions, Finally I thought Why to take a chance, got it renewed with National Insurance, in fact they gave a discount of Rs 1000 compared to Royal Sundaram's premium amount
	() Thanks

19th April 2007, 17:45	#7
jp1 BHPian Join Date: Jun 2006 Location: Bangalore Posts: 286 Thanked: 47 Times	[quote=squarecut;415576]I believe what you say. Can you suggest some govt. agencies ? New India Insurance, Oriental Insurance
	() Thanks

19th April 2007, 21:09	#8
naveenmani BHPian Join Date: Apr 2007 Location: Chennai Posts: 30 Thanked: 15 Times	with National Insurance, in fact they gave a discount of Rs 1000 compared to Royal Sundaram's premium amount
	() Thanks

21st April 2007, 17:07	#9
wolfinstein BHPian Join Date: Feb 2006 Location: New Delhi Posts: 994 Thanked: 20 Times	My expierence with United was really bad, The surveyor was rude, ignorant, din't know anything about a Lancer..! Oriental-just paid them, after that no claim..! Got a better deal with Reliance-45 % NCB and all. Renewed my Lancer Insurance for Rs.7300 with IDV at around 3.3 for a car of 6 years Last edited by wolfinstein : 21st April 2007 at 17:08.
	() Thanks

11th February 2008, 12:25	#10
bandlimitedlife BHPian Join Date: Feb 2008 Location: Bangalore Posts: 81 Thanked: 16 Times	I guess the best thing to do is get your insurance from whatever the dealer usually recommends as they have good relationship with insurance co and things happen quickly. I have maruti insurance through national insurance company, couple of months ago a bike guy rammed into my door and the insurance claim process was very smooth. I did not bother after handing over the vehicle and filling the necessary documentation. Entire process was taken care of by the auto agency.
	() Thanks