Elephant.in offers 80% off on car insurance! Any reviews?

rajesh1868 · 30th December 2021, 16:12

We had a virtual session in our office with them about 2 months back.

Basically, they claim to get corporate employees the best deal and were offering FLAT 80% discounts on vehicle insurance.

I had not attended the meeting and was seeing the recording. It appeared that they have tie-up with other insurance houses. But it was not clear with who all.
As per their web page, they are backed by Alliance Insurance Brokers pvt ltd.

My car insurance is due in about 2 months and I am not sure whether to approach them or not. Has anyone here had any experience with them?

https://elephant.in/

EV NXT · 1st January 2022, 20:44

A simple rule to follow before taking any insurance - look at the claim process more than the discount in the premium.

Do they have offices near your location? Whom do you contact when you have a claim? What is the indicated time to process a claim? (Some companies allow you to approve claims upto a certain amount with digital approvals) Do they have a history of servicing clients in India, if not it’s going to be difficult if you are amongst their first customers.

Check out the claim procedures in detail, get the number of the Claims department from the sales guys and speak to them. Take a call only if you are comfortable.

HTC · 1st January 2022, 23:44

I had bad experience with Policy Bazar. I fell prey for low premium and ease of renewal PB offered. When it came to claiming, none of their features helped. Had to spend enormous amout of personal time talking to hundreds of their callcenter folks explaining samething again and again. Still ended up getting only 50% of repair cost after huge delay.

Long story short, go for the one which has office nearby and has good claim settlement track record.

I have nothing against Elephant.in. Just sharing my experience with similar one. As the saying goes - "experience is a bad teacher, it gives the lesson after test", sharing my experience so that others can benefit.

30th December 2021, 16:12	#1
rajesh1868 BHPian Join Date: Jan 2008 Location: 515134 Posts: 321 Thanked: 336 Times	Elephant.in offers 80% off on car insurance! Any reviews? We had a virtual session in our office with them about 2 months back. Basically, they claim to get corporate employees the best deal and were offering FLAT 80% discounts on vehicle insurance. I had not attended the meeting and was seeing the recording. It appeared that they have tie-up with other insurance houses. But it was not clear with who all. As per their web page, they are backed by Alliance Insurance Brokers pvt ltd. My car insurance is due in about 2 months and I am not sure whether to approach them or not. Has anyone here had any experience with them? https://elephant.in/
	(3) Thanks

1st January 2022, 20:44	#2
EV NXT BANNED Join Date: Nov 2021 Location: Bangalore Posts: 231 Thanked: 1,623 Times	Re: Elephant.in offers 80% off on car insurance! Any reviews? A simple rule to follow before taking any insurance - look at the claim process more than the discount in the premium. Do they have offices near your location? Whom do you contact when you have a claim? What is the indicated time to process a claim? (Some companies allow you to approve claims upto a certain amount with digital approvals) Do they have a history of servicing clients in India, if not it’s going to be difficult if you are amongst their first customers. Check out the claim procedures in detail, get the number of the Claims department from the sales guys and speak to them. Take a call only if you are comfortable.
	(3) Thanks

1st January 2022, 23:44	#3
HTC BANNED Join Date: Mar 2020 Location: Bengaluru Posts: 324 Thanked: 1,052 Times	Re: Elephant.in offers 80% off on car insurance! Any reviews? I had bad experience with Policy Bazar. I fell prey for low premium and ease of renewal PB offered. When it came to claiming, none of their features helped. Had to spend enormous amout of personal time talking to hundreds of their callcenter folks explaining samething again and again. Still ended up getting only 50% of repair cost after huge delay. Long story short, go for the one which has office nearby and has good claim settlement track record. I have nothing against Elephant.in. Just sharing my experience with similar one. As the saying goes - "experience is a bad teacher, it gives the lesson after test", sharing my experience so that others can benefit.
	(3) Thanks