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Old 29th March 2019, 00:28   #4291
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Default Re: Automobile Insurance Queries? Ask me

My friend would like to cancel his HDFC Ergo RTI insurance and change it into only third party insurance as the car is going to be parked in a closed garage for the next 12 months. He’s been deputed to a foreign country and has no plans of selling the car. Please advise on how long it takes and the process. He would like to get it done before he leaves in a week.

Last edited by manjith_pm : 29th March 2019 at 00:29. Reason: Added insurance company name
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Old 29th March 2019, 08:29   #4292
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Originally Posted by manjith_pm View Post
My friend would like to cancel his HDFC Ergo RTI insurance and change it into only third party insurance as the car is going to be parked in a closed garage for the next 12 months. Hes been deputed to a foreign country and has no plans of selling the car. Please advise on how long it takes and the process. He would like to get it done before he leaves in a week.
The best way is to ask HDFC. After the documents are submitted to them to convert the policy, his being or not being in the country shouldn't make any difference.
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Old 29th March 2019, 09:22   #4293
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Originally Posted by manjith_pm View Post
as the car is going to be parked in a closed garage for the next 12 months.
On an unrelated note, how do you keep it in running condition if it's locked up for that long!
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Old 29th March 2019, 13:54   #4294
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Originally Posted by manjith_pm View Post
the car is going to be parked in a closed garage for the next 12 months.
Then is there any need to insure it at all?
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Old 29th March 2019, 18:16   #4295
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On an unrelated note, how do you keep it in running condition if it's locked up for that long!
https://www.team-bhp.com/forum/techn...dos-donts.html (Long-term Parking : Do's and Don'ts)
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Old 6th April 2019, 12:11   #4296
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Default Re: Automobile Insurance Queries? Ask me

Are there any online websites where I can check for quotes without having to provide my mobile number ? All the websites I've checked ask for the mobile number and I don't want to receive too many calls.
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Old 6th April 2019, 12:20   #4297
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Are there any online websites where I can check for quotes without having to provide my mobile number ? All the websites I've checked ask for the mobile number and I don't want to receive too many calls.

Give a wrong number, while some of them would have an OTP based system, but most of them don't you can do all the research and compare & then for the one which is selected do start the search from beginning & then give you correct number
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Old 6th April 2019, 12:43   #4298
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Are there any online websites where I can check for quotes without having to provide my mobile number ? All the websites I've checked ask for the mobile number and I don't want to receive too many calls.
Coverfox doesn't require OTP verification, while policy bazaar needs OTP verification. Policy bazaar will spam you good if you give them your number.
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Old 8th April 2019, 17:06   #4299
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Default Re: Automobile Insurance Queries? Ask me

I have a doubt regarding NCB. 1st year i haven't claimed. So got 20% for second year renewal. I claimed on 2nd year. So no discount for 3rd year renewal. If i don't have any claims on 3rd year, am i eligible for any discount for 4th year renewal?


Meanwhile, Is there any limitation for claims per year for Royal Sundaram bumper to bumper policy? Policy is in the second year.
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Old 8th April 2019, 17:17   #4300
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I have a doubt regarding NCB. 1st year i haven't claimed. So got 20% for second year renewal. I claimed on 2nd year. So no discount for 3rd year renewal. If i don't have any claims on 3rd year, am i eligible for any discount for 4th year renewal?

Meanwhile, Is there any limitation for claims per year for Royal Sundaram bumper to bumper policy? Policy is in the second year.
Yes, 4th year on-wards you would be eligible for NCB again.

There is no limit to the number of claims in a year on an Insurance policy. However there is cap to the limit of the IDV in terms of amount, e.g if you have an IDV of 2 Lakhs your 1st claim was of 1 Lakh the other claim if in the same year would be limited to 1 Lakh any excess you will have to bear the same.

I have a Royal Sundaram policy and this year I had 1 claim on the policy and some of these details were made available during this transaction.
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Old 11th April 2019, 22:30   #4301
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Default Re: Automobile Insurance Queries? Ask me

Dear friends, I'm going to dispose of the Elantra GLS 2005. I haven't claimed insurance on it for the last 13 years. I want to know what I can do with the accumulated NCB: can I encash it, use it to pay insurance on my other car the Honda City CVT next year or do I necessarily have to buy a new car in my name to get the benefit of using the NCB. If I sell the car now, how long will the NCB be valid before it lapses prior to which I have to buy a car. My insurer is Tata AIG, both for the Honda City CVT and Hyundai Elantra.

Last edited by Durango Dude : 11th April 2019 at 22:31.
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Old 12th April 2019, 01:39   #4302
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Dear friends, I'm going to dispose of the Elantra GLS 2005. I haven't claimed insurance on it for the last 13 years. I want to know what I can do with the accumulated NCB: can I encash it, use it to pay insurance on my other car the Honda City CVT next year or do I necessarily have to buy a new car in my name to get the benefit of using the NCB. If I sell the car now, how long will the NCB be valid before it lapses prior to which I have to buy a car. My insurer is Tata AIG, both for the Honda City CVT and Hyundai Elantra.
You can get a No Claim Bonus letter in your name from the insurance company. This can be used to transfer the NCB to a new car that you buy. This is valid for 2 years from date of issue. You may have to pay a little amount to get the NCB letter to the insurance company. They have some formula to calculate the amount. I have done this twice when moving onto new cars.

Last edited by GTO : 26th April 2019 at 17:04. Reason: typo
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Old 12th April 2019, 06:04   #4303
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Originally Posted by Traveler View Post
You can get a No Claim Bonus letter in your name from the insurance company. This can be used to transfer the NCB to a new car that you buy. This is valid for 2 years from date of issue. You may have to pay a little amount to get the NCB letter to the insurance company. They have some formula to calculate the amount. I have done this twice when moving onto new cars.
You can transfer the ncb to your other car as well but there's a 45% ncb cap so if your other car already has some ncb it's a waste using the ncb letter on that.

The ncb letter once issued is valid upto three years.

Last edited by GTO : 26th April 2019 at 17:05. Reason: quoted post edited
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Old 26th April 2019, 10:29   #4304
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Default Re: Automobile Insurance Queries? Ask me

Dealing for the first time with PolicyBazar customer care, I found how useless and unfruitful this exercise is; such poor is the experience. I had bought a comprehensive car policy (bajaj allianz) now almost a month back. It had a small endorsement to be carried out. Change in RTO to be precise. I provided them the RC & the previous policy clearly stating the RTO. They gave me 3 timelines- first 10 days, then asked for 5 days extension and then again a 5 day extension. All these ended yesterday.There no update at all. I mailed them, called them, had chats with the representatives a number of times. Even calling on their numbers doesn't go beyond the IVR.

Guys, I have lost hope from policy bazar and I think I have done my last business with them.
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Old 26th April 2019, 10:39   #4305
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Originally Posted by saket77 View Post
Guys, I have lost hope from policy bazar and I think I have done my last business with them.
Call Bajaj Allianz customer care. Don't rely on Policy Bazar. I had a similar experience with Policy Bazar. I contacted my insurer (Tata AIG) directly and they updated the policy in 3 days.
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