![]() | #3556 |
Senior - BHPian ![]() Join Date: Jul 2009 Location: Emerging Metro
Posts: 3,348
Thanked: 1,927 Times
| ![]() My third party policy has expired on 7th. Is it possible to renew it online? |
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![]() | #3557 |
Distinguished - BHPian ![]() ![]() Join Date: Jun 2007 Location: Chennai
Posts: 10,203
Thanked: 20,483 Times
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![]() | #3558 |
Senior - BHPian ![]() Join Date: Jul 2009 Location: Emerging Metro
Posts: 3,348
Thanked: 1,927 Times
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The subject policy was TP only for car and was issued by New India Assurance Company. Their web site mentions that TP Policy is renewed/issued for two wheelers only. Last edited by Eddy : 12th January 2016 at 00:37. Reason: As requested |
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![]() | #3559 |
Senior - BHPian ![]() | ![]()
Have you tried with other Insurers or you are fixated with New India. If the TP only policy cannot be renewed by New India on their website, try visiting their local branch. You should be able to renew there. |
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![]() | #3560 |
Senior - BHPian ![]() Join Date: Feb 2011 Location: Bangalore
Posts: 1,566
Thanked: 1,641 Times
| ![]() Hey guys, My 2011 registered HH Hunk is up for insurance renewal on the 19th of January. When I tried to renew it online, this is the policy I ended up with when I wanted the following covers: 1) Own damage coverage 2) Third Party coverage 3) Return to invoice 4) No depreciation cover 5) Personal Accident Insurance upto Rs. 1,00,000 for pillion rider 6) Personal Accident Insurance for Owner/Driver ![]() My concern is the Rs. 0 for the Return To Invoice and No Depreciation covers. When I went through the IRDA documents, it said that RTI and ND is applicable on vehicles which is not older than 60 months. My bike will cross 60 months this January 20th. What do I do? Also, if ND and RTI are not applicable, is it sensible to increase the IDV though it might increase the premium as well? |
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![]() | #3561 | |
Senior - BHPian ![]() Join Date: Jul 2009 Location: Emerging Metro
Posts: 3,348
Thanked: 1,927 Times
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Ultimately, I got it through the portal Easy Insurance on Saturday itself | |
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![]() | #3562 | |
Senior - BHPian ![]() | ![]() Quote:
If you increase your IDV, then you are over insuring your bike which may be scrutinized in case of total loss (god forbid). What you could have omitted was the option PA cover for pillion rider & unnamed passenger. You could have shaved off Rs 140 from the final premium amount. | |
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![]() | #3563 | |
Senior - BHPian ![]() Join Date: Feb 2011 Location: Bangalore
Posts: 1,566
Thanked: 1,641 Times
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I would like the PA cover to be there. The Rs. 140 is a small price to pay for a Rs. 1,00,000 cover. So I will not get RTI or Zero Depreciation for my bike from any insurance company? ![]() Could you please tell what is the safest insurance covers I can avail of? I don't mind the premium being high. Safe in terms of maximum coverage for the bike as well as for the people on the bike. Thank you! ![]() | |
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![]() | #3564 | |
Senior - BHPian ![]() | ![]() Quote:
Again Universal Sompo is a relatively newer player, you might want to validate their claim proces with your workshop before you proceed. In fact do check out with the workshop whether they honor cashless claims and zero dep claims from these two Insurance cos. | |
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![]() | #3565 |
BHPian Join Date: Mar 2011 Location: Blr/Hyd
Posts: 317
Thanked: 432 Times
| ![]() I am looking for some help on insurance. I am considering buying Ertiga through company lease. Can I select my own insurance for new car purchase through company lease? Also, is there some insurance shopping sites that can give me quotes from multiple insurance providers so that I can compare prices? Is zero-depreciation insurance advisable? Thanks! |
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![]() | #3566 | |
Senior - BHPian ![]() | ![]() Quote:
Policybazaar, Coverfox are a couple of site where you can compare Insurance premiums from multiple Insurance providers Zero dep add on cover is an absolute must. Goes long way in avoiding a major hole in the pocket during claims for a few thousands more in the premium. | |
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![]() | #3567 |
BHPian ![]() Join Date: Sep 2015 Location: Hyderabad, Pune
Posts: 374
Thanked: 237 Times
| ![]() I have sold my old car but the new owner is yet to transfer the insurance on his name. It seems that the new owner does not realize that till the insurance is transferred in his name, he will not be able to make a claim. The only option available to me is that i should go ahead and submit the necessary documents and get an NCB certificate. This would however result in the cancellation of the insurance policy. Only the Third party insurance would be left intact. Kindly advise whether this is the right course/option for me. Also what do insurance companies do when the registration is transferred but not the insurance. Do they honour the claim? I did not get a clear answer from the insurance company. They mentioned that it can be processed in the name of the old owner subject to certain conditions. |
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![]() | #3568 | |
BHPian Join Date: Jan 2015 Location: Mumbai
Posts: 266
Thanked: 292 Times
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Not sure what you mean when you say that you will get an NCB certificate. If you wanted to retain the NCB and apply it for a new car, should you not have got the NCB retention letter from the insurance company before transferring the vehicle? | |
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![]() | #3569 | ||
Senior - BHPian ![]() | ![]() Quote:
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![]() | #3570 | |
BHPian ![]() Join Date: Sep 2015 Location: Hyderabad, Pune
Posts: 374
Thanked: 237 Times
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"Alternatively, if you do not wish to approach new owner or else, if the car has been sold to some dealer and instead of contacting him/her, you just want No claim bonus certificate, we request you to walk into the nearest local branch and request for No claim bonus certificate. You will be asked to pay a No claim bonus recovery amount by the branch personal and issued a No claim bonus certificate." Apart from the above the local branch mentioned that the insurance policy will get cancelled. This is creating confusion. So is it one of the below or something else i.e. a) No claim bonus certificate + pay a No claim bonus recovery amount = No Cancellation. b)No claim bonus certificate Only = Cancellation. | |
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