Which Insurance Company?

luvjascha · 10th August 2008, 22:28

I agree with black. This is an old thread, and things may have changed since then. That said - what's the most efficient and credible company out there (all things considered)
A list of top 5 would be good.

goandude · 23rd January 2009, 21:57

New india insurance. the experience i had with them for body work repairs in bangalore in 2004 was very good. OK i lost my NCB but with the value of car depreciating the loss wasnt too much.

rjvora_2000 · 24th January 2009, 09:36

There are some more company which are there in India, Mod please add them in this list.

BenjiRoss · 6th August 2009, 08:24

I see TATA AIG is very popular. Are they really good? They are recurrently calling me up and offering goodies of 5000 Rs as a scratch card.
Also they say that even if I have a claim this year my no claim bonus for the next year will be intact!

alpha1 · 6th August 2009, 11:22

Which of these offer 3rd party insurance?
I have inquired at these ICICI, HDFC, etc but they said they offer only comprehensive.

Now my situation is that OHC being 8 old car, I feel that doing comprehensive does not make any sense. Esp since the IDV is so low, and the claims are based on this depreciated IDV, and not the actual spare prices.

rjvora_2000 · 6th August 2009, 15:30

Quote:

Originally Posted by alpha1

Which of these offer 3rd party insurance?

If you talk of rule then each and every company doing motor insurance has to give you TP policy but I believe only government companies are offering TP insurance.

Jaguar · 6th August 2009, 20:33

Quote:

Originally Posted by BenjiRoss

I see TATA AIG is very popular. Are they really good? They are recurrently calling me up and offering goodies of 5000 Rs as a scratch card.
Also they say that even if I have a claim this year my no claim bonus for the next year will be intact!

Even I am getting calls from them for the past couple of days. Here is the part of the mail they sent me

Quote:

...
there is a special offer from our Partners - Travel
Port, wherein you will receive a cratch Card on behalf of Travel Port
(our partners).As part of this offer, you could win a -Night / 3-Day
nternational orDomestic Holiday, or an Apple iPod Nano (8GB Memory), or
a Nokia 'Nova'Mobile Phone or a Nikon '10Mega Pix' Digital Camera.
...
Another unique feature of this policy is that you will not lose your No
Claim Bonus if your vehicle needs reparing for any Fibre, Plastic, bumpar,denting,painting and
glass parts. However, to avail of this offer the vehicle should be
repaired at our Key Preferred Garages only.
...

See the spelling mistakes in the mail. The initial mail they sent didn't have these details. When I re-confirmed, they added these lines and re-sent the mail. Another concern that I have is that they are saying this is only an online offer and I wont get the same benefits if I go to the local Tata-AIG office. The worst part is the you'll speak to one guy and get the email from another. They say, only senior has email id and they are authorized to send mails from that ID only

. I feel this is just a marketing gimmick by the call center guys. Will probably stay away.

- Jag

Edit: The mis-spellings and formatting in the quote above is from their mail itself and not any copy-paste mistake.

swapnil.rahate · 10th August 2009, 15:39

Just now received the TATA AIG policy and the no claim bonus clause is,

TA08-Repair of Glass, Fiber, Plastic & Rubber Parts
A claim for only Glass / plastic / rubber / fiber part where You opt for repairs rather than replacement,
at Our authorized workshop, will not affect Your No Claim Bonus eligibility at the time of renewal
with Us if there is no other claim for damage to the vehicle during the period of insurance..

Jaguar · 10th August 2009, 19:38

Quote:

Originally Posted by swapnil.rahate

Just now received the TATA AIG policy and the no claim bonus clause is,

TA08-Repair of Glass, Fiber, Plastic & Rubber Parts
A claim for only Glass / plastic / rubber / fiber part where You opt for repairs rather than replacement,
at Our authorized workshop, will not affect Your No Claim Bonus eligibility at the time of renewal
with Us if there is no other claim for damage to the vehicle during the period of insurance..

Ah ha, so the sales guys are indeed bluffing when they say bumpar, denting, painting blah blah blah ...
Do you want me to forward the mail I got from Tata AIG stating the above so that you can call and try to negotiate with them?

swapnil.rahate · 10th August 2009, 19:53

Quote:

Originally Posted by Jaguar

Ah ha, so the sales guys are indeed bluffing when they say bumpar, denting, painting blah blah blah ...
Do you want me to forward the mail I got from Tata AIG stating the above so that you can call and try to negotiate with them?

I have already bought the policy from them.How can i negotiate now?? Heard good things about TATA AIG on forum so went for it.
I also will get a 5000Rs gift voucher and a service booklet when i receive the hard copy on the policy. Lets see what the gift is.

Jaguar · 10th August 2009, 22:57

Quote:

Originally Posted by swapnil.rahate

I have already bought the policy from them.How can i negotiate now?? Heard good things about TATA AIG on forum so went for it.
I also will get a 5000Rs gift voucher and a service booklet when i receive the hard copy on the policy. Lets see what the gift is.

Quote:

As part of this offer, you could win a 2-Night / 3-Day
International orDomestic Holiday, or an Apple iPod Nano (8GB Memory), or
a Nokia 'Nova'Mobile Phone or a Nikon '10Mega Pix' Digital Camera.

I bet you'd get the Holiday Package only

swapnil.rahate · 11th August 2009, 11:12

Quote:

Originally Posted by Jaguar

I bet you'd get the Holiday Package only

Ya I know the same......

.

benbsb29 · 13th September 2009, 09:39

I absolutely love the way Bajaj Allianz works.

I had to renew my car's insurance which was expiring towards the end of this month. Logged onto their website, clicked on renew insurance, and after payment using my credit card, i was done within 7 minutes. I was provided with a pdf form which was downloadable, and which mentioned it as a Specimen document, which i could show till the original reached me. In 2 days, i received the original document by courier.

Along with the document, i also received this card with the policy details.

Excellent!

Which Insurance Company?-dsc01121-copy.jpg

lejhoom · 13th September 2009, 09:53

I believe Bajaj Allianze is a good bet. My suggestion to anyone going for a vehicle insurance is just don't pay up through the online method. It's beneficial if you could talk to them first since many new schemes may not have been fed into their website.

I had a pleasant experience while I wanted to renew my policy a couple of months ago. A phone call, and a bit of bargain found me getting a sweet deal from Bajaj Alllianze.

Haven't had an occasion to know how promptly they settle claim though.

lohithrao · 15th September 2009, 19:09

Time for insurance "renwal" for my bike...

Both my Car and Bikes are insured with "Oriental" but somehow am not very keen to continue with this co..

I think Baja Alli... and Tata AIg is best for now, which one you guys think is the best. i need to renew it by tomorrow

thanks

View Poll Results: Which company among these?
The New India Assurance	19	13.01%
United India	5	3.42%
Oriental Insurance	5	3.42%
National Insurance	13	8.90%
HDFC Chubb	4	2.74%
ICICI Lombard	12	8.22%
Tata AIG	32	21.92%
Bajaj ALLIANZ	38	26.03%
Iffco Tokio	5	3.42%
Royal Sundaram	7	4.79%
Reliance	6	4.11%
Voters: 146. You may not vote on this poll

10th August 2008, 22:28	#31
luvjascha BANNED Join Date: May 2006 Location: BOM Posts: 429 Thanked: 2 Times	I agree with black. This is an old thread, and things may have changed since then. That said - what's the most efficient and credible company out there (all things considered) A list of top 5 would be good.
	() Thanks

23rd January 2009, 21:57	#32
goandude Senior - BHPian Join Date: Jul 2007 Location: Mysuru Posts: 1,763 Thanked: 1,283 Times	*New india insurance*. the experience i had with them for body work repairs in bangalore in 2004 was very good. OK i lost my NCB but with the value of car depreciating the loss wasnt too much.
	() Thanks

24th January 2009, 09:36	#33
rjvora_2000 Senior - BHPian Join Date: Mar 2008 Location: Mumbai/Mulund Posts: 1,658 Thanked: 56 Times	There are some more company which are there in India, Mod please add them in this list.
	() Thanks

6th August 2009, 08:24	#34
BenjiRoss Senior - BHPian Join Date: Jul 2008 Location: Tamilnadu Posts: 1,066 Thanked: 1,330 Times	I see TATA AIG is very popular. Are they really good? They are recurrently calling me up and offering goodies of 5000 Rs as a scratch card. Also they say that even if I have a claim this year my no claim bonus for the next year will be intact!
	() Thanks

6th August 2009, 11:22	#35
alpha1 Senior - BHPian Join Date: Apr 2007 Location: LandOfNoWinters Posts: 2,093 Thanked: 2,605 Times	Which of these offer 3rd party insurance? I have inquired at these ICICI, HDFC, etc but they said they offer only comprehensive. Now my situation is that OHC being 8 old car, I feel that doing comprehensive does not make any sense. Esp since the IDV is so low, and the claims are based on this depreciated IDV, and not the actual spare prices.
	() Thanks

10th August 2009, 15:39	#38
swapnil.rahate BHPian Join Date: Oct 2007 Location: Mumbai Posts: 103 Thanked: 8 Times	Just now received the TATA AIG policy and the no claim bonus clause is, TA08-Repair of Glass, Fiber, Plastic & Rubber Parts A claim for only Glass / plastic / rubber / fiber part where You opt for repairs rather than replacement, at Our authorized workshop, will not affect Your No Claim Bonus eligibility at the time of renewal with Us if there is no other claim for damage to the vehicle during the period of insurance..
	() Thanks

13th September 2009, 09:39	#43
benbsb29 Team-BHP Support Join Date: Nov 2006 Location: Brisbane Posts: 9,968 Thanked: 13,223 Times View My Garage	I absolutely love the way Bajaj Allianz works. I had to renew my car's insurance which was expiring towards the end of this month. Logged onto their website, clicked on renew insurance, and after payment using my credit card, i was done within 7 minutes. I was provided with a pdf form which was downloadable, and which mentioned it as a Specimen document, which i could show till the original reached me. In 2 days, i received the original document by courier. Along with the document, i also received this card with the policy details. Excellent!
	() Thanks

13th September 2009, 09:53	#44
lejhoom BHPian Join Date: Oct 2008 Location: Hyderabad Posts: 366 Thanked: 187 Times	I believe Bajaj Allianze is a good bet. My suggestion to anyone going for a vehicle insurance is just don't pay up through the online method. It's beneficial if you could talk to them first since many new schemes may not have been fed into their website. I had a pleasant experience while I wanted to renew my policy a couple of months ago. A phone call, and a bit of bargain found me getting a sweet deal from Bajaj Alllianze. Haven't had an occasion to know how promptly they settle claim though.
	() Thanks

15th September 2009, 19:09	#45
lohithrao Senior - BHPian Join Date: Feb 2007 Location: Kudla/Mangaluru Posts: 3,204 Thanked: 225 Times View My Garage	Time for insurance "renwal" for my bike... Both my Car and Bikes are insured with "Oriental" but somehow am not very keen to continue with this co.. I think Baja Alli... and Tata AIg is best for now, which one you guys think is the best. i need to renew it by tomorrow thanks
	() Thanks