![]() | #466 |
Newbie Join Date: Sep 2009 Location: Mumbai
Posts: 3
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| ![]() I've been offered the same Tata Aig Pearl Plan from Linkway Honda in Mumbai. They say that this is a tie-up only between them and Tata (its confusing why Tata would not extend it to all dealers) ![]() Some highlights that they marketed - 100% coverage for parts and labour, 0% depreciation in case of damage (Dealer's quote "100% coverage even if your bumper is scratched"); Coverage for any contents in the car lost due to theft. Further said that there is no other insurance company who offers the same ![]() ![]() |
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![]() | #467 | |
Newbie Join Date: Nov 2008 Location: Mumbai
Posts: 22
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When I went shopping for insurance, I spoke to a number of brokers and I learnt that this plan is available from TATA AIG any customer Now the other players in the insurance space are following suit - I heard that even bajaj allianz is offering such a plan So I dont think you should buy thier story Call up the insurance companies yourself and speak to them for more clarity..atleast thats what I did | |
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![]() | #468 | ||
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,656
Thanked: 47 Times
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1. Tata Aig 2. Cholamandalam 3. Bajaj | ||
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![]() | #469 |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,656
Thanked: 47 Times
| ![]() People do ask me that “Why I am so negative for Icici and Reliance general insurance company?” “Do I have any personal fight with them?” On this thread I would like to clarify one thing very clearly that I don’t have any personal fight with them but I have had some bitter (or may be strange) experience with them let me tell you two of them. One of the claim’s manger of Icici had been to my office, as he wanted me to join Icici Lombard for general insurance business. As I was asking him that “how is your claim’s working in the market?” he told me very clearly that “We have been told from the management that even if the claim’s are payable you have to reject every 10th claim which comes for payment!!!” as “Not all the client will fight for the claim’s and will go to consumer court for the payment of their claim.” Then I asked him “Why do you do that? What is the purpose of doing this to client? Will you not spoil your name in the market?” this reply was really shocking to me, he told me “Rupesh bhai Indian market me log sirf rate dekhte hai aur kuch nahi, we give the best (lowest) quotes and we take the business from market and even if our name is spoiled in the market we are not worried as all the news paper’s and T.V. media is take care by our subsidiary company.” ![]() Guys, I wish I could have recorded that meeting; I would have gone to IRDA and cancel the license of doing the business of insurance in India for six years. Second incident was with Reliance their health claim’s manger was with me and I ask him that you have stated the product of Rs. 1,00,000/- health insurance at the cost of Rs. 999/- (or may be Rs. 900/-) What happened to the renewal of that product? They charged Rs. 1100/- on the renewal and on the third year they charged Rs. 1300/- where as the industry stranded rate is Rs. 1050/- to Rs. 1200/- only. He told me that this is our company policy to charge very low at the beginning and then slowly and gradually go on charging high to a client where in customer dose not have any options but to continue doing business with us only. We did the same thing in Reliance India mobile, we started it with Rs. 500/- same we did it in reliance power supply. Company which has this kind of strategy of fooling the customer, cannot survive long term in the market. I know I am a small man telling that reliance will not survive in the market for long time but I am sure that I will not do any business with a company like this. Let me clarify one thing, I know this a public forum where in I am not suppose to attack someone like this, but at the same time giving true advice is my business and this post has nothing to fight but has only one thing which is TRUTH. Mod: - If you find that this is wrong you can delete this post, I don’t mind. ![]() |
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![]() | #470 | |
Senior - BHPian ![]() Join Date: Jan 2008 Location: Poona
Posts: 1,849
Thanked: 107 Times
| ![]() ^^^ Glad you mentioned these experiences. The post should most certainly not be deleted. But I'm not surprised. I'v had my experience with Reliance Mobile, and can get an inkling to how they might function. Both ICICI and Reliance (ADA Group at least) seem to have the worst reputation, at least amongst those who bother to be in the know. Quote:
![]() Last edited by Raccoon : 6th October 2009 at 16:02. | |
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![]() | #471 |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,656
Thanked: 47 Times
| ![]() Dear All, All Bajaj's motor insurance policy has a new rule:- Any policy issued with a No Claim Bonus wrongly given, will be rejected and will not be approved as non-standard claim without any devaition. w.e.f. 5th October, 2009. |
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![]() | #472 | |
Senior - BHPian ![]() | ![]() Quote:
This is nothing new. May be Bajaj is now higlighting this. All insurance policies - motor and non motor - have this as a condition in the contract of insurance. If you reacall my post on the NCB thread, I had stated that giving wrong NCB details when a new policy is incepted tantamounts to a "breach of utmost goodfaith" one of the cardinal principles of any contract of insurance. When this happens the contract is null and void and insurer is well with in their legal rights to reject the claims summarily and chances of a redressal from any forum would be rather remote. Good you have high lighted this so that the bros here would be aware of this and would refrain from any such suggestions from any one. Best Regards and Drive/Ride Safe Ram | |
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![]() | #473 |
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,656
Thanked: 47 Times
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![]() | #474 |
BHPian ![]() Join Date: Jul 2008 Location: Madras
Posts: 652
Thanked: 680 Times
| ![]() Thanks to this forum, I have prevailed upon my earlier car insurer ICICI Lombard to give me the No claim Bonus Certificate ( it was sent by email) after much calling up. It took them almost 6 months to send me this. My NCB says that the certificate is valid for a period of 2 months with the date stamp on June 2009. Actually I got the certificate only last week. Can I still use this NCB to lower my Car insurance premium for my present car which comes up for renewal in december ? I have accumulated for 3 years (30 %). |
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![]() | #475 |
BHPian ![]() | ![]() Hi am planning to make a purchase from a dealer who has only cashless facility with following: Oriental, Future Genral, United India, ICICI lombard, Personally I am not very much interested in Oriental, I do have oriental but have been calling them for two days for a small mistake in my renewal from there end all there numbers are always busy and my agent is not picking up the phone. Which one should be my choice? |
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![]() | #476 | |
Senior - BHPian ![]() | ![]() Quote:
Best Regards and Drive/Ride Safe Ram | |
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![]() | #477 | |
Senior - BHPian ![]() | ![]() Quote:
Again inspite of what they say, I am sure they will exercise their discreationary power where they would not allow a genuine innocent customer to suffer (I hope) Best Regards Drive/Ride Safe Ram | |
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![]() | #478 | |
Senior - BHPian ![]() Join Date: Jan 2008 Location: Poona
Posts: 1,849
Thanked: 107 Times
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Personally, I only have experience with Oriental in the past (but no experience with claims). Last edited by Raccoon : 8th October 2009 at 19:37. | |
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![]() | #479 | |||
Senior - BHPian ![]() Join Date: Mar 2008 Location: Mumbai/Mulund
Posts: 1,656
Thanked: 47 Times
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Since they have issued a letter I can say that they will not use their special powers. At the same time, we also need to understand that if some one has given wrong declaration then he has to be penalize for the same otherwise people will misuse the concept of NCB. Thank you for your valuable inputs on this thread. | |||
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![]() | #480 |
BHPian ![]() Join Date: Jul 2008 Location: Madras
Posts: 652
Thanked: 680 Times
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