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Old 3rd February 2012, 13:45   #1831
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by gururaj r View Post

Got a quote from ICICI Lombard today for Rs5629 a difference of around Rs1500. I sought details from Cholamandalam about this diff.
.
Please also check if Voluntary Deductibles is added by ICICI. This could be also a discounting factor used by companies to sell policies to unsuspecting persons
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Old 3rd February 2012, 20:34   #1832
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by Marlon View Post
Please also check if Voluntary Deductibles is added by ICICI. This could be also a discounting factor used by companies to sell policies to unsuspecting persons
just got a quote from ICiCI Lombard. The same is attached. Pl let me have your opinion. or you think I should go for another company?
Chola mf gave a quote with idv 288236. ncb eligibility 35%. COMPREHENSIVE ONE.
Attached Files
File Type: pdf ins.pdf (92.0 KB, 7375 views)

Last edited by gururaj r : 3rd February 2012 at 20:35.
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Old 4th February 2012, 09:03   #1833
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by gururaj r View Post
just got a quote from ICiCI Lombard. The same is attached. Pl let me have your opinion. or you think I should go for another company?
Chola mf gave a quote with idv 288236. ncb eligibility 35%. COMPREHENSIVE ONE.
Gururaj,

The difference in IDV is approx Rs 3500 only. ICICI quote according to you is Rs 1500 less than Chola. I think the ICICI quote is good. There are no add on covers or voluntary deductible.
If you want to cover driver or unnamed passengers ask ICICI to add the additional covers else this should be sufficient to go ahead.
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Old 4th February 2012, 19:54   #1834
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Default Re: Automobile Insurance - Ask me

I have a query here.
I bought a SS80 and got it transferred to my name. The TP Insurance is valid till April 25.
Can I change the name for the remaining period till that day or is it necessary to take a fresh TP or can I wait till that day by keeping it in the name of the previous owner?
Look forward to a suggestion and advice please.
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Old 6th February 2012, 09:43   #1835
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Default Re: Automobile Insurance - Ask me

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Originally Posted by rajeev k View Post
I have a query here.
I bought a SS80 and got it transferred to my name. The TP Insurance is valid till April 25.
Can I change the name for the remaining period till that day or is it necessary to take a fresh TP or can I wait till that day by keeping it in the name of the previous owner?
Look forward to a suggestion and advice please.

Rajeev,

You need to transfer the Insurance to your name immd. No second questions.
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Old 9th February 2012, 00:36   #1836
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Default Re: Automobile Insurance - Ask me

I have booked a new Figo and it is getting delivered in the next few days.
My question is 'Can one take only Third Party Insurance for a brand new car (and NOT take Comprehensive Insurance)?'

When I asked around, the folks say that one HAS TO take comprehensive insurance for the 1st year at least of a new car. This does not make any sense to me and I can't see the logic. If I am okay with TP only what is the system's problem? (I fully understand that any damage / loss will be mine 100% and I am okay with that).

Many thanks in advance for the inputs.
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Old 9th February 2012, 09:49   #1837
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Default Re: Automobile Insurance - Ask me

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Originally Posted by Musa View Post
I have booked a new Figo and it is getting delivered in the next few days.
My question is 'Can one take only Third Party Insurance for a brand new car (and NOT take Comprehensive Insurance)?'

When I asked around, the folks say that one HAS TO take comprehensive insurance for the 1st year at least of a new car. This does not make any sense to me and I can't see the logic. If I am okay with TP only what is the system's problem? (I fully understand that any damage / loss will be mine 100% and I am okay with that).

Many thanks in advance for the inputs.
Musa,

Technically you can take only a TP Insurance. There is no regulation to stop it.
But if your vehicle is Financed , then the Financier in his interest my demand a comprehensive insurance policy.
Dealers may force a comprehensive insurance policy for the commission amount. There is no commission on a TP insurance.
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Old 9th February 2012, 10:04   #1838
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by Marlon View Post
Musa,

Technically you can take only a TP Insurance. There is no regulation to stop it.
But if your vehicle is Financed , then the Financier in his interest my demand a comprehensive insurance policy.
Dealers may force a comprehensive insurance policy for the commission amount. There is no commission on a TP insurance.

Hi Marlon, Thank you for the input.

Yes, the dealer wants his commission and the financier would like to feel "protected". In my case, the car is fully self financed (no loan) but the dealer said TP is not possible for a new car (which I didn't believe!). It was only when others also said the same thing (including a PSU Insurance guy who flip flopped on the issue) that I wanted to reconfirm.

Thanks again
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Old 14th February 2012, 18:32   #1839
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Default Re: Automobile Insurance - Ask me

I have a one year old figo and my insurance is expiring next month.
Can someone suggest me which insurance company is better -

1. bajaj allianz
2. Royal Sundaram
3. Reliance - they quoted the least which makes me suspicious.
4. oriental
5. icici
6. any other

I fully understand that many insurance companies promise a lot but deliver less.
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Old 14th February 2012, 19:19   #1840
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Default Re: Automobile Insurance - Ask me

Hi Folks,

My friend is buying a new Scorpio and the vehicle will arrive at the dealer yard tomorrow. He needs insurance for the same. He had initially spoken to a few people from Bajaj Allianz, Gurgaon and they gave him a quote of INR 26060.00 for an IDV of INR:10,80,000.00.

However, the Allianz guy, by virtue of being in Gurgaon, is backtracking and hence he needs to get the insurance from someone else at Bangalore. I have a friend who works for HDFC Ergo and he was able to match the quote given by the Allianz guys

BUT

My friend (customer) says that HDFC Ergo does not have "bumper to bumper" insurance which Allianz has.
Is this true?
Moreover, does the quote by Allianz seem fair?
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Old 14th February 2012, 20:53   #1841
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by n.devdath View Post
Hi Folks,

quote of INR 26060.00 for an IDV of INR:10,80,000.00.
This premium is arrived by giving a discount of approx 25% on the Own Damage. Hope he does not have any existing NCB and no other discounts were given.

The same figure could be matched by certain other insurance companies with good negotiation.

But overall this is a good premium
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Old 14th February 2012, 21:22   #1842
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by Marlon View Post
But overall this is a good premium
Thanks Marlon.

Are you also aware if HDFC Ergo has a "bumper to bumper" policy or is this available only with Allianz?
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Old 14th February 2012, 22:22   #1843
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Default Re: Automobile Insurance - Ask me

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Originally Posted by n.devdath View Post
Thanks Marlon.

Are you also aware if HDFC Ergo has a "bumper to bumper" policy or is this available only with Allianz?
Sorry, I am not aware of the individual insurance company benefits.
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Old 14th February 2012, 22:32   #1844
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by nd81 View Post
I have a one year old figo and my insurance is expiring next month.
Can someone suggest me which insurance company is better -

1. bajaj allianz
2. Royal Sundaram
3. Reliance - they quoted the least which makes me suspicious.
4. oriental
5. icici
6. any other

I fully understand that many insurance companies promise a lot but deliver less.
I cannot comment on Insurance companies. Each person has their own preference. According to me Reliance may not be the best option. You can check for the best quote and benefits from other companies including Chola and L&T
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Old 14th February 2012, 23:17   #1845
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Default Re: Automobile Insurance - Ask me

Quote:
Originally Posted by n.devdath View Post
Are you also aware if HDFC Ergo has a "bumper to bumper" policy or is this available only with Allianz?
I just took such a policy from them for my new Polo.
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