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Old 19th March 2013, 09:38   #2461
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Default Re: Automobile Insurance Queries? Ask me

One of their Internet Marketing Agents have sent a mail from their official ID saying 'You will get a unlimited claims in 0dep' (sic). This is what he's claiming from the day he made his pitch to me.

Also does it make sense to increase the IDV from 3.6 (calculated by them) to 3.96? My IDV last year was 4.5L so I am thinking around 4L would be good. It's a sparsely driven 2010 i20 Sportz petrol.

Last edited by kalpeshc : 19th March 2013 at 09:46.
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Old 19th March 2013, 14:35   #2462
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Default Re: Automobile Insurance Queries? Ask me

I have a query.
The existing insurance for the car is from RS and it has 25% NCB but BA is offering 50% NCB. Wouldn't it be a issue in case of claims if I go ahead with 50% NCB from BA?
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Old 19th March 2013, 15:01   #2463
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Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by srsriharsha View Post
I have a query.
The existing insurance for the car is from RS and it has 25% NCB but BA is offering 50% NCB. Wouldn't it be a issue in case of claims if I go ahead with 50% NCB from BA?
Are you sure it is 50% against NCB and not 25% additional discount offered by Bajaj along with the eligible 25% NCB. The additional discount offered may be to get the business from you. In case of any claims be it 25% or 50% the NCB for the next year renewal would be zero.
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Old 19th March 2013, 15:13   #2464
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Quote:
Originally Posted by ghodlur View Post
Are you sure it is 50% against NCB and not 25% additional discount offered by Bajaj along with the eligible 25% NCB. The additional discount offered may be to get the business from you. In case of any claims be it 25% or 50% the NCB for the next year renewal would be zero.
Its 08 model and was bought in '10, they asked if there are claims and i said No. Maybe they assumed it has 45% NCB? Since its 2nd owner it only has 25% NCB
I am worried because they might reject claim blaming me for proving false details ?
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Old 19th March 2013, 16:36   #2465
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Edit: I spoke with them again and clarified, they now said it should be 35% and the premium is coming upto 10xxx for BA
RS online quote is about 12xxx

Please folks be careful with the NCB, this may hold against you while you make claims if found incorrect.
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Old 19th March 2013, 18:10   #2466
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Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by srsriharsha View Post
Edit: I spoke with them again and clarified, they now said it should be 35% and the premium is coming upto 10xxx for BA
RS online quote is about 12xxx

Please folks be careful with the NCB, this may hold against you while you make claims if found incorrect.
Absolutely. Always disclose the correct NCB as company has the right to cancel the policy or recover the amount. As you rightly said, they will create problems at the time of claim.

What might have happened in your case is, BA got hold of some data and they must have contacted you without knowing any history of your car which is the case 95% of the time.
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Old 19th March 2013, 19:03   #2467
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Default Re: Automobile Insurance Queries? Ask me

Little confused here
RS has these Add on benefits. But are these available for all the policies?
https://www.royalsundaram.in/DTC/car...-benefits.html

RS online quote
- IDV 7.13L / Premium - 13,663
- IDV 6.41L/ Premium -12,628
- IDV 6.06/ Premium - 12,111

BA online quote - Standard policy
- IDV 7.05/ Premium - 11467
- IDV 6.35/ Premium - 10722

Car is 08 Civic V AT

Any suggestions?
The Windshield Glass Cover without affecting NCB and Full Invoice Price Insurance Cover
of RS is having me lean towards is.
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Old 20th March 2013, 08:56   #2468
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Default Re: Automobile Insurance Queries? Ask me

What is the maximum No Claim bonus that is possible in the market players today ?
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Old 20th March 2013, 09:41   #2469
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Quote:
Originally Posted by LonelyPlanet View Post
What is the maximum No Claim bonus that is possible in the market players today ?
Maximum NCB once can claim is 50% with the applicable sunset clause as below.


Quote:
Sunset Clause: If at the renewal falling due any time between 1st July 2002 and 30th June 2003, both days inclusive, (after completion of the full Policy period of 12 months) an Insured becomes entitled to an NCB of 55% or 65% in Terms of the Tariff prevailing prior to 1st July 2002, the entitlement of such higher percentage of NCB will remain protected for all subsequent renewals till a claim arises under the Policy, in which case the NCB will revert to ‘Nil’ at the next renewal.
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Old 21st March 2013, 14:14   #2470
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Hi,
My Santro got damaged while it got transported from Pune to Kolkata. After my transporter submitted a statement admitting that the car was in his custody while the damage occured, my insurance company agreed to start the repair work. The car is a 2005 model, the repair work is done in Hyundai service station and they provided me the bill. Hyundai is supposed to send the signed and stamped bill to my insurance company, receiving which they will calculate and let me know the amount which I will get through claim.

I would like to know if there is anyone in this forum who can help me to calculate what is the amount I will get for the following components listed in the bill through insurance claim.Based on that I have to tell my transporter to pay me the balance so that I can get my car back. In the process, I can also be sure about what I am supposed to get through the claim and what actually I am getting. Thank you in advance for your comments and advice.

Below is the list of the materials with quantity and price. Labor charges are listed in the end:

1 NPNTYRE TYRE WITH TUBE 1 (Nos ) 3267.84
2 NPNBRAKEFD BRAKE FLUID 1 (liter ) 251.10
3 9241005510 LENS & HSG-RR COMB LAMP LH 1 (Nos ) 741.60
4 8663005600 RAIL ASSY-RR BUMPER 1 (Nos ) 1584.73
5 8661605600 BRACKET-RR BUMPER SIDE RH 1 (Nos ) 66.73
6 8661505600 BRACKET-RR BUMPER SIDE LH 2 (Nos ) 66.73 133.46
7 8661105600 COVER-RR BUMPER 1 (Nos ) 943.46
8 7157505060 PANEL ASSY-RR COMB LAMP
HSG LH
1 (Nos ) 529.07 529.07 0.00
9 7151205060 PANEL-RR SIDE OTR LH 1 (Nos ) 4290.93
10 5550005200 TORSION AXLE & ARM
COMPLETE
1 (Nos ) 5846.56
11 5531005150 SHOCK ABSORBER ASSY-RR 1 (Nos ) 941.28
12 5291005100 WHEEL ASSY-STEEL 1 (Nos ) 788.28
13 1864421058N BULB 1 (Nos ) 66.85
14 1864316004N BULB 1 (Nos ) 65.50
15 1864305009N BULB 1 (Nos ) 29.84
Labour And Services
1 Labour Charges (A)() 1.00 11600.00
2 Labour Charges() 1.00 2850.00

Sub Total
VAT @ 4 % ON 16028.29 641.12
VAT @ 13.5% ON 3518.94 475.06
Service Tax @12.36% on 14450.00 1786.02
VAT-WORKS CONTRACT on 11600.00 922.20

Total
Grand Total
20663.41 0.00 17158.22
(Rounded) 37822.00
Rupees Thirty Seven Thousand Eight Hundred Twenty Two Only

Thanks again,

livetodrive
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Old 21st March 2013, 22:52   #2471
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Have people on the forum tried reliance general insurance? Wat has been their feedback on claims, process in general? Just figured that their quote is cheaper than Bharti Axa also by a good 1.5k
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Old 22nd March 2013, 08:27   #2472
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Default Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by livetodrive View Post
My Santro got damaged while it got transported from Pune to Kolkata. After my transporter submitted a statement admitting that the car was in his custody while the damage occured, my insurance company agreed to start the repair work. The car is a 2005 model, the repair work is done in Hyundai service station and they provided me the bill. Hyundai is supposed to send the signed and stamped bill to my insurance company, receiving which they will calculate and let me know the amount which I will get through claim.
Sorry to hear about the damage to your car. I would suggest to have a look at the Insurance policy document which you have. Normally the rubber parts are depreciated by 50%, fibreglass by 30% and rest by 40% (since you car is >5 ys< 10 yrs old). Labour will be fully reimbursed. You will have to talk to Hyundai to arrive at the figure payable by you. I assume the parts you have mentioned for replacement have been approved by the surveyor.
In addition to the amount you will have to pay which you would be recovering from the transporter, suggest you also recover the NCB cost from them.
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Old 22nd March 2013, 10:41   #2473
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Default Re: Insurance Renewal -- query

Presently I have my car insured with ICICI Lombard. The renewal is due in another 3 weeks. ICICI have given me a quote of about 13.5 k with an option of 2.5 % discount if paid online. that comes to about 12.8k. However, when i checked the online portal for ICICI and gave the option as new policy, I could get a quote for less than 10k (after giving same details), that too for a higher IDV.

Would there be any complications if I go for the new policy from same provider. While filling up the online form, I was asked if my present insurance provider is ICICI and I filled in negative. will this cause any issues at later stage?
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Old 22nd March 2013, 11:00   #2474
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Quote:
Originally Posted by ghodlur View Post
In addition to the amount you will have to pay which you would be recovering from the transporter, suggest you also recover the NCB cost from them.
Thanks a lot Ghodlur for your inputs. I will be able to calculate now the amount which should be paid by insurance. The car is a WB registration and I was finding difficult to drive in Pune because of tax issues. So, I thought to sale it in West Bengal. But anyways, I will ask the transporter to pay for NCB because of the current damage.

Thanks again.
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Old 22nd March 2013, 13:11   #2475
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Default Re: Insurance Renewal -- query

One year old Fiat Punto.

My insurance was from Future Generali which was done directly by the dealer.

Now I got delivery of the car on 23rd march'12 ; so I was under the impression that my insurance will expire on 22nd midnight. But when I checked it today, it had already expired on 19th midnight!

Now according to Future Generali people and others with whom I spoke, I cannot renew the insurance online and will have to visit a branch where car inspection will be done.

The twist is - I have a dent on one of the doors which I could not get repaired due to busy schedule and now my insurance has lapsed. And since this requires an inspection before the new insurance, it'll come to their notice and I'm guessing they won't pay for it.

What should be the best way to get out of this? Please help, guys!
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