Team-BHP > Team-BHP Reviews > Indian Car Loans & Insurance
Log In
Register

Reply
  Search this Thread
2,374,479 views
Old 17th June 2025, 13:59   #5941
BHPian
 
Join Date: Dec 2024
Location: Bangalore
Posts: 116
Thanked: 298 Times
Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by geminivirtus View Post
Would that make a difference? Is it advisable to stick to a single policy and renew it YoY than to take a new one even if it's from same insurance provider as is the case here.

The reason I am interested in new policy is because of higher IDV value. In the renewal page of my existing policy, the IDV is approx 1.5L lower than the one offered by the agent.
As per my knowledge, you always get a new policy even if you are renewing. The new policy from the same insurer will just display your previous policy details. The policy number will always be new while renewing also.

For your renewal you can always chose your desired IDV, albeit with a higher premium amount. Make sure you follow the correct IDV depreciation, please see the IDV thread on teambhp. Raising the IDV to higher than standard amount will only lead to increase in premium with no actual benefits.
Just make sure your policy includes all add ons you need and the NCB, whether you 'renew' or take from agent with same insurer.
Bane214 is offline   (2) Thanks
Old 17th June 2025, 18:38   #5942
NGM
BHPian
 
Join Date: Mar 2010
Location: Trivandrum
Posts: 112
Thanked: 45 Times
Re: Automobile Insurance Queries? Ask me

I am planning to renew my hycross insurance through the toyota dealer as it helps in cashless and less hastles. Toyota offer insurance through Reliance, sbi, bajaj, icici ,chola etc and for the same idv and add ons the premium varies significantly. Any idea what could be the reason here or anything i need to be clear about?
NGM is offline  
Old 23rd June 2025, 19:46   #5943
Senior - BHPian
 
VeluM's Avatar
 
Join Date: Jul 2008
Location: Bangalore
Posts: 1,811
Thanked: 1,548 Times
Re: Automobile Insurance Queries? Ask me

Hello All Insurance Experts,

I am thinking of a new car (Tucson) and wanted to know which insurance company would be the best to go with from your experience. Hyundai is quoting 1.2L plus 29k just for Zero Depreciation.

I’m planning to take the Zero Depreciation option with Return to Invoice and Engine Protection. Is there anything else I should consider?

Finally, if there are good agents or rates that I can expect, that would be greatly appreciated - Policy Bazaar’s harassment is very nearly unbearable.
VeluM is offline  
Old 23rd June 2025, 20:58   #5944
SRS
BHPian
 
Join Date: Apr 2025
Location: Thrissur
Posts: 126
Thanked: 294 Times
Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by VeluM View Post
Hello All Insurance Experts,

I am thinking of a new car (Tucson) and wanted to know which insurance company would be the best to go with from your experience. Hyundai is quoting 1.2L plus 29k just for Zero Depreciation.

I’m planning to take the Zero Depreciation option with Return to Invoice and Engine Protection. Is there anything else I should consider?

Finally, if there are good agents or rates that I can expect, that would be greatly appreciated - Policy Bazaar’s harassment is very nearly unbearable.
In my opinion, you should take insurance from outside. Tata AIG provides insurance with Zero Depreciation, 24x7 Roadside Assistance, Engine Protector, Consumables, Key & Lock Replacement, Invoice Price, Tyre Protector, Loss of Personal Belongings, Hotel & Travel Expenses for a 34 lakh IDV for Rs.81,226 (This is for a HYUNDAI TUCSON Signature 2.0 4WD AT Diesel in Bangalore)

United India provides similar coverage for around 73k, while New India Assurance provides the same for around 86k, so just get a quote from their official websites and if it is higher than these amounts, please check on policybazaar and ask them to match the quote, in most situations they will comply. I had done the same through Digit, Zurich Kotak, ICICI Lombard and TATA AIG earlier.
SRS is offline   (1) Thanks
Old 24th June 2025, 08:49   #5945
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Bangalore
Posts: 6,268
Thanked: 4,841 Times
Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by VeluM View Post
I am thinking of a new car (Tucson) and wanted to know which insurance company would be the best to go with from your experience. Hyundai is quoting 1.2L plus 29k just for Zero Depreciation.
It is no brainer that taking Insurance from dealer is going to be costly. Better to check on the comparator website for the premiums quotes, pls use the correct IDV. IIRC Hyundai had a national tie up with Royal Sundaram, check with the workshop if this is true. If yes, then take a quote from RS, they have good add on options as well. Lower premium does not mean better service.

Take an informed decision.
ghodlur is offline   (1) Thanks
Old 24th June 2025, 12:16   #5946
Senior - BHPian
 
VeluM's Avatar
 
Join Date: Jul 2008
Location: Bangalore
Posts: 1,811
Thanked: 1,548 Times
Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by SRS View Post
I had done the same through Digit, Zurich Kotak, ICICI Lombard and TATA AIG earlier.
Thank you so much. Is the service of Zurich Kotak good? They’ve given a quote of ₹48,462 for an IDV of 35,82,687 (Petrol, Signature). This is the lowest quote, and includes the Zero Dep, Engine Cover & Return to Invoice.

Quote:
Originally Posted by ghodlur View Post
IIRC Hyundai had a national tie up with Royal Sundaram, check with the workshop if this is true.

Take an informed decision.
Thanks for the advice, I’ll follow up on Royal Sundaram.
VeluM is offline  
Old 25th June 2025, 01:35   #5947
BHPian
 
suzuki san's Avatar
 
Join Date: Mar 2008
Location: Assagao, Goa
Posts: 791
Thanked: 762 Times
Re: Automobile Insurance Queries? Ask me

Hi Guru's,

A friend has a 3.0L (2998cc) Ford Endeavour. This figure is mentioned on the RC card. However, on the Insurance Policy, the CC of the engine is mentioned as 2498 cc. I suggested that he gets this corrected when he renews the Insurance this month so as to avoid any hassle from the Company in case of a claim.

His Insurance agent has come back to him saying it is not necessary and further says that the maximum cc's entered on any Insurance Policy for any car is 2499 cc.

I find this highly unlikely but can someone more knowledgeable please confirm?

Also, what are the dangers of him keeping it as 2498 cc.

Thanks & Regards,
SS
suzuki san is offline  
Old 25th June 2025, 07:42   #5948
SRS
BHPian
 
Join Date: Apr 2025
Location: Thrissur
Posts: 126
Thanked: 294 Times
Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by suzuki san View Post
Also, what are the dangers of him keeping it as 2498 cc.

Thanks & Regards,
SS
The claim by the agent that insurance policies cap engine capacity at 2499 CC is not standard practice and seems more like an excuse than a rule.

The CC mentioned in the RC should be the one mentioned in the policy, as there can be issues while filing a claim, as well as claim rejection in case of major claims and premium miscalculation. So it is best to get it corrected at the nearest renewal or consider getting insurance from a different insurer
SRS is offline   (1) Thanks
Old 10th July 2025, 11:34   #5949
Newbie
 
Join Date: Apr 2023
Location: Mumbai
Posts: 12
Thanked: 3 Times
Re: Automobile Insurance Queries? Ask me

Hi folks,

Last week I renewed my car insurance and switched from Go Digit to ICICI Lombard. Since then, ICICI has been sending me emails, WhatsApp messages, and even making automated calls saying I need to call them before taking my car to a garage — and that they’ll arrange pick-up and drop.

Just wanted to check — is this actually mandatory to claim insurance, or is it optional? Also, do they charge for the towing service ? I haven’t taken roadside assistance from them, since I plan to use the complimentary RSA from my IDFC credit card if needed.

Thanks!
Biswaranjan
Attached Images
 
bugs123 is offline  
Old 10th July 2025, 11:47   #5950
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Bangalore
Posts: 6,268
Thanked: 4,841 Times
Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by bugs123 View Post
Just wanted to check — is this actually mandatory to claim insurance, or is it optional? Also, do they charge for the towing service ? I haven’t taken roadside assistance from them, since I plan to use the complimentary RSA from my IDFC credit card if needed.
You will need to call the Insurance co in case of any claim unless there is an automated way of initiating the claim process through app or otherwise. If the towing expenses reimbursement terms and conditions are mentioned in the Road Side Assistance, then it will be reimbursed during the claim process. Even if the RSA arranges the crane, the upfront money has to be paid by the Insured.

I would not advise using any other RSA other than the one supported and provided by Insurance co.
ghodlur is offline   (1) Thanks
Old 10th July 2025, 11:49   #5951
BHPian
 
nareshtrao's Avatar
 
Join Date: Feb 2009
Location: Bangalore
Posts: 777
Thanked: 1,160 Times
Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by suzuki san View Post
Hi Guru's,


His Insurance agent has come back to him saying it is not necessary and further says that the maximum cc's entered on any Insurance Policy for any car is 2499 cc.

I find this highly unlikely but can someone more knowledgeable please confirm?


Thanks & Regards,
SS
This is incorrect. I have a Ford Endeavour 3.2 and Policy says 3198 cc so whatever that agent is saying is totally a lie.

Please see the snapshot below. This is Tata AIG.
Attached Thumbnails
Automobile Insurance Queries? Ask me-ford-insurance.jpg  

nareshtrao is offline   (1) Thanks
Old 10th July 2025, 12:15   #5952
Newbie
 
Join Date: Apr 2023
Location: Mumbai
Posts: 12
Thanked: 3 Times
Re: Automobile Insurance Queries? Ask me

Thanks for you reply ! well, previously whenever I made a claim I took my vehicle to the Garage and then they called up Insurer's surveyor for inspection. Never faced any issue. This is the only way of claim intimation that I have experienced so far. Till date no insurer has ever asked to call them before taking the car to the garage ( i have had hdfc ergo, bajaj allianz, icici lombard, go digit in the past). This is the first time that I see it with ICICI.. so, I want to know from people who have ICICI insurance whether its a mandatory process for them now, from their own experience may be.

btw, why do you think its not ok to take third party RSA ? customer should have the choice of towing service based on affordability .. right ?

Thanks,
Biswaranjan
bugs123 is offline  
Old 10th July 2025, 13:39   #5953
Senior - BHPian
 
Join Date: Oct 2020
Location: Bangalore
Posts: 1,497
Thanked: 2,007 Times
Re: Automobile Insurance Queries? Ask me

Quote:
Originally Posted by bugs123 View Post
Thanks for you reply ! well, previously whenever I made a claim I took my vehicle to the Garage and then they called up Insurer's surveyor for inspection. Never faced any issue. This is the only way of claim intimation that I have experienced so far. Till date no insurer has ever asked to call them before taking the car to the garage ( i have had hdfc ergo, bajaj allianz, icici lombard, go digit in the past). This is the first time that I see it with ICICI.. so, I want to know from people who have ICICI insurance whether its a mandatory process for them now, from their own experience may be.
Important thing is to notify them in timely manner. Either of the scenarios should work as long you intimate them thru official channel. I have taken car to service center when I met with an accident. In this case, it was minor fender bender and the car was perfectly fine to be driven to the nearest garage in their network list. I initiated the claim via the service manager.

In other case : say, you are involved in a major accident in the middle of nowhere and don't know which garage is in their approved list, it'd be predunt to report the accident and initiate the claim so that they can guide you to nearest approved garage. And they can help you with RSA if it is part of your insurance.

Quote:
Originally Posted by bugs123 View Post
btw, why do you think its not ok to take third party RSA ? customer should have the choice of towing service based on affordability .. right ?
You are right. It is upto the customer. However, RSA services in our country is hit or miss. When you are stranded, you want help in timely and seamless manner. Having to coordinate with RSA from one party and insurance claim from another may not be as smooth process as you may like. You can read up blogs about horror stories with RSA support. So better to stick to car manufacturer or insurance company RSA rather than a totally third party like credit card tie up.

Last edited by Aviator_guy : 10th July 2025 at 13:52.
Aviator_guy is offline  
Reply

Most Viewed
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Copyright ©2000 - 2025, Team-BHP.com
Proudly powered by E2E Networks