[nishantgandhi]

Originally Posted by rjvora_2000

Ans-there is a discount given by company which is called "De-tariff" discount that can differ from company to company and person to person also. there are no fixed guidelines for this discount. in a single company also if two different people are giving quotation the amount of premium can differ. - This is true.

I fully agree. I spoke to 3 different guys at Tata AIG. All three quoted different premiums for the same IDV!

[rjvora_2000]

Originally Posted by nishantgandhi

I fully agree. I spoke to 3 different guys at Tata AIG. All three quoted different premiums for the same IDV!

This is a real sad part of this property insurance these days. You will get this in all the property insurance what you do. The only person can help or can stop this is IRDA. I have written personal letter to IRDA and the finance minister of India but unfortunately none of them is replying these letters.

This is a really bad situation for insurance companies feature. Insurance companies will be failing in settling the bigger claims. As if there is a total loss for the car like Merc. Or Bmw then company will have to make the payments like 25 Lacks to may be 40 Lacks or even more and if four claims like this come in a single year then the profit of insurance companies will effect badly. Which ultimately affect us only because they will collect the money from us only. (As insurance business, is to collect money from 100 people and pay that money to 4 people which have suffered the losses.)

[nishantgandhi]

@rjvora_2000 - In one the posts you had mentioned that the maximum discount limit for Bajaj Allianz is 65%. Is this the 'de-tariff' discount or the 'commercial discount'?

BTW, whats the difference between the 2 types of discount?

I got 27% commercial discount from Tata AIG on renewal. The guy mentioned that their maximum permissible limit os 40% but thats only for luxury car segment (i.e. Mercedes, BMW etc).

[rjvora_2000]

Originally Posted by nishantgandhi

@rjvora_2000 - In one the posts you had mentioned that the maximum discount limit for Bajaj Allianz is 65%. Is this the 'de-tariff' discount or the 'commercial discount'?

BTW, whats the difference between the 2 types of discount?

I got 27% commercial discount from Tata AIG on renewal. The guy mentioned that their maximum permissible limit os 40% but thats only for luxury car segment (i.e. Mercedes, BMW etc).

This discount is for private car's and not for commercial car's.

This 65% it the total maximum discount that is if the NCB on the policy is 25% then the detariff discount can be maximum 45% and if the NCB is 45% then the detariff discount can be till 20% only.

Still i would like to say that this is not a thumb rule in the company, this discount can very person to person.

[rjvora_2000]

“Latest news:- Companies have been given the authority to change the minimum deduction % (or rate) (companies have to take the permeation from IRDA for this also.) This will be applicable from 1st of January 2009.”

Let me give you more information on this same: -
¥This can not be and will not be compulsory for all the insured’s.
¥None of the insurance company in between the insurance term can apply any higher deductibles to any policy.
¥This has to be informed to the insured in writing and accepted by the insured.
¥Add-on covers with extra premium like “Loss of use” or “waiver of depreciation” can be given to insured.
¥None of the other condition can be changed in the policy.

Why this is done?

All the companies re-insure the property and they have to get the money from the re-insurer. Now according to international standards our insurance companies will also change the rules and regulation. In developed countries the deductibles are very high to meet there levels our companies will be aloud to do this.

How will this affect us?

We may have to pay more premiums to keep the deductible on a lower side. And the person who is making the less claims can save by paying less premium.

[ajay2233]

Hi
I have a policy with United India , and my policy is in for renewal by
Jan 5th.
Please let me know which is the best provider
the car is a Honda City VTEC 2002 model
till now NCB 20%
how much will be the policy rate ?? approx
planning for an IDV of 400000, as the vehicle is in mint condition

please advise!!!
thanks in advance

[rjvora_2000]

Originally Posted by ajay2233

Hi
I have a policy with United India , and my policy is in for renewal by
Jan 5th.
Please let me know which is the best provider
the car is a Honda City VTEC 2002 model
till now NCB 20%
how much will be the policy rate ?? approx
planning for an IDV of 400000, as the vehicle is in mint condition

please advise!!!
thanks in advance

What you have paid last year?

[ajay2233]

The premium i paid last year was 13450 (approx).

Now United is giving an IDV of 362500. and the premium is rs 10K approx
and over this they dont have any cashless service. its total hassle!!

tell me something better!!
-Ajay

[rjvora_2000]

Originally Posted by ajay2233

The premium i paid last year was 13450 (approx).

Now United is giving an IDV of 362500. and the premium is rs 10K approx
and over this they dont have any cashless service. its total hassle!!

tell me something better!!
-Ajay

Well don't want to comment on that. (Last year what you did)

I would suggest you must transfer to any pvt. company which has a tie up with the service center where you go and service your car. If you don't go to any service station then you should go to the most near service center to your home.

With your new Idv - 362500
CC more then 1000 and less then 1500
Old Ncb 20% and new 25%

With any company giving you additional discount of: -

20% - 9200/-
30% - 8200/-
35% - 7700/-
Discounts are available more then this also.

To get more discount you have to bargain more. This are just an indicative rate, actual rates may differ a little not much.

[ajay2233]

Thanks , also please tell me about the best providers, i would like to know if they have cashless at any honda service center!
can i find the cashless network of the provider anywhere on the net????

Thanks again!
Ajay

[Glifford]

Originally Posted by ravibhat

Looks hot competition going on, TATA AIG offered me premium of 16103/- for 2006 Innova G3, 5.71 lacs as IDV. They give 3000/- worth sevice coupons in select service stations(around 10+ stations in Bangalore) and 3 days free stay in one of 24+ tourist place hotels in india and 3 abroad. I am more confused now which offer to consider.

Just got this offer today from Tata AIG.

Getting 2 service coupons. Not sure if an Authorised Ford Dealer is listed. They say Metro Ford, Hessaraghatta Road is registered? Where is that? Is it still open?

The only Metro Fords I know in Bangalore are

1. St. Mark's Road.
2. Lingarajpuram
3. Palace road.

Anywhere else?

[nishantgandhi]

I renenwed my car insurance with Tata AIG this Nov, at a higher premium than competition. This was because they were offering a better IDV and I have mostly heard good reviews of TA.

I was promised service coupons worth Rs 3000 and holiday voucher (useless). Although I recieved the latter, I am still waiting for the service coupons. It has been over 1 month now. Follow ups with the DSA proved ineffective till now and the call center no is forever busy.

Does anyone have the email ID or the contact no of the higher officials at Tata AIG?

[rjvora_2000]

Originally Posted by nishantgandhi

I renenwed my car insurance with Tata AIG this Nov, at a higher premium than competition. This was because they were offering a better IDV and I have mostly heard good reviews of TA.

I was promised service coupons worth Rs 3000 and holiday voucher (useless). Although I recieved the latter, I am still waiting for the service coupons. It has been over 1 month now. Follow ups with the DSA proved ineffective till now and the call center no is forever busy.

Does anyone have the email ID or the contact no of the higher officials at Tata AIG?

Since you are in Mumbai. Mr. Conrad he work with Tata-Aig as BDM. I have his business card he may help you. No. 9833935566. Don't quot my name since he may not know me also.

Normally this will take little more time.

[rjvora_2000]

Originally Posted by ajay2233

Thanks , also please tell me about the best providers, i would like to know if they have cashless at any honda service center!
can i find the cashless network of the provider anywhere on the net????

Thanks again!
Ajay

All pvt. players are good. Tata, Bajaj, Chola and other's too. Normally I personally don't trust Reliance and Icici. - This is my opinion, Please don't make this a public statement. I don't think that there is any list on net which will have the list what you are asking for but still if you find it please post the like hear too.

[rjvora_2000]

Originally Posted by Glifford

Just got this offer today from Tata AIG.

Getting 2 service coupons. Not sure if an Authorised Ford Dealer is listed. They say Metro Ford, Hessaraghatta Road is registered? Where is that? Is it still open?

The only Metro Fords I know in Bangalore are

1. St. Mark's Road.
2. Lingarajpuram
3. Palace road.

Anywhere else?

Just be careful.

Some of my friends from this trend itself are facing a problem in getting the service from what was committed to them. (Just read last few massage and you will understand)

This is what I hate of this DST guys and call center guys they will commit lot of things and will perform badly when real need comes.