Issue with Maruti insurance

pragya · 4th December 2009, 14:31

Hi all
Recently i found some discrepancy with Maruti insurance.
My insurance was about to expire and so i got call from dealer, they asked me to renew it by paying 7050.
I tried paying it online at marutiinsurance website. The insurance is of IFFCO TOKIO GENERAL INSURANCE. While i was about to pay it online i thought of verifying the amount on IFCO TOKIO website.
To my surprise the amount that was calculate was 6153.
I was shocked to see the difference.
Can anyone let me know if this difference is genuine or not.
As per Maruti they say that they do not charge anything extra.

rjvora_2000 · 5th December 2009, 09:04

This difference is because of dealer offering you less discount and Iffco giving you more discount.

rjstyles69 · 5th December 2009, 09:07

Search around with other insurance companies and you might get better deals. Usually at the dealerships you gotto haggle with fellas there for a good deal. I hope you have read about the NCB(no claims bonus) article on the forum

If you haven't claimed insurance in the past year, you are entitled for a further discount too.

SX4LOVER · 5th December 2009, 15:11

dear pragya.check out policybazar.com for about 10-12 companies giving you deals on car insurance. they give you quotes too. The surveyor comes to your house to see the car and the cover note get sent to you by mail as well as post. i recently renewed my SX4's insurance from bajaj allianz through the website and got a good deal.

you may have to fax them the existing insurance in order to get benefits on ARAI approved anti theft systems etc,.

mrwalker · 5th December 2009, 23:58

Maruti Insurance is better and it is offered from other providers as well, e.g. my WagonR one is from United India...

Please try negotiating with your/ other dealers for a reduced quote on Maruti Insurance, will work out better than third party.. I have had a couple of minor accident jobs done so I guess I can speak with some authority on this!

phamilyman · 6th December 2009, 03:20

Yes there is a premium - BUT Maruti insurance is by far the most hassle free and no-nonsense claims. plus it works cashless on all the BEST workshops in the city.

I tried reliance's list (7800 quoted vs 10800 I paid to Maruti) - they had the cashless facility at shady level 2 dealers at max. it is insurance - DONT count the pennies and end up pound foolish.

rjvora_2000 · 8th December 2009, 09:01

Quote:

Originally Posted by SX4LOVER

policybazar.com

Quote:

Originally Posted by mrwalker

Maruti Insurance

Costly options I will advice going to company will save money rather then these options.

Quote:

Originally Posted by phamilyman

DONT count the pennies and end up pound foolish.

Good one I like this one.

pragya · 24th December 2009, 14:43

Thanks to all.
I am going with the Maruti insurance only. I tried negotiating with dealer and now i am getting 2 vouchers of 500 each which i can used for car wash, wheel alignment etc. They say that they will give some more discount if possible. Today i will be going for it. Will try negotiating of giving one more voucher

navan49 · 29th December 2009, 09:39

Hi friends,

As far as the things go on, there is no problem with any insurance. The problem arises once we enter into major or minor accidents and claim. My driver had an accident with my indica. It was repaired in the TASS. The charges were 48000. The claim hassles with them were too much. Visited more than 3 or four times. Visited the surveyor and also again took the car to the surveyor after repair. After all these hassles I got the claim after 2 months after visiting the New India Insurance office personally and the claim received was 28000. In comparison with all these troubles and expenditure a 1000 excess is no matter. Now with my Ritz accident MSM did everything and I am supposed to take the delivery only. Here just I cashed out nothing and at delivery I may spend a sum of maximum 1500. That's all here comes the Maruti Insurance. The fun is that both my cars were insured with New India one was direct and the other was through Maruti.

navan49 · 31st December 2009, 23:47

Dear Friends,

I did not count the money but went with Maruti Insurance and had hassle free cashless claim for 13k. Where as I paid only Rs.1000 on delivery of the car. So better go with the company Insurance rather than the direct Insurance.

Raccoon · 1st January 2010, 00:18

^^^ I don't think this is a very accurate statement. If it works like this then all those claims about cashless claims, etc., mean nothing. I guess you had a bad experience because your insurare was a PSU; and the policy was not cashless.

Somebody with personal experience would be able to make a better statement though...

rjvora_2000 · 1st January 2010, 11:15

Quote:

Originally Posted by Raccoon

^^^ I don't think this is a very accurate statement. If it works like this then all those claims about cashless claims, etc., mean nothing. I guess you had a bad experience because your insurare was a PSU; and the policy was not cashless.

Somebody with personal experience would be able to make a better statement though...

Agree with you.

If you have cash less and if you don't have cashless that's a big difference these day's. If you have cashless then the garage owner will do that expense only which is approved by the surveyor and the labor expense also will have a limit but if you don't have a cashless then there is no such check on them.

Raccoon · 1st January 2010, 15:08

Quote:

Originally Posted by navan49

Hi friends,

As far as the things go on, there is no problem with any insurance. The problem arises once we enter into major or minor accidents and claim. My driver had an accident with my indica. It was repaired in the TASS. The charges were 48000. The claim hassles with them were too much. Visited more than 3 or four times. Visited the surveyor and also again took the car to the surveyor after repair. After all these hassles I got the claim after 2 months after visiting the New India Insurance office personally and the claim received was 28000. In comparison with all these troubles and expenditure a 1000 excess is no matter. Now with my Ritz accident MSM did everything and I am supposed to take the delivery only. Here just I cashed out nothing and at delivery I may spend a sum of maximum 1500. That's all here comes the Maruti Insurance. The fun is that both my cars were insured with New India one was direct and the other was through Maruti.

Also, was this Rs. 28,000 claim amount in accordance with the prescribed depreciation rate of the respective parts? You gotta know the break up!

vigsom · 1st January 2010, 15:58

It is all about

the IDV(Insured Value) of the car on which the Own Damage Basic premium is calculated and
the No Claim Bonus(this will be the same irrespective of whom one goes to)
The third party component(again the same for the same terms)

Point No.1 makes the BIG difference.

Also in my opinion, all these vouchers are humbug;quality does not come free.

DCEite · 1st January 2010, 20:16

My wagonR insurance is due for renewal. Interestingly, for the same IDV two dealers are giving quotes which are Rs. 80 apart. However, the costly one(motocraft) is offering 20 % labour charge discount on next service, Ganesha idol and Perfume.
Considering that i will be servicing my car from Motocraft only, i am taking the this offer.

4th December 2009, 14:31	#1
pragya BHPian Join Date: Oct 2009 Location: pune Posts: 39 Thanked: 3 Times View My Garage	Issue with Maruti insurance Hi all Recently i found some discrepancy with Maruti insurance. My insurance was about to expire and so i got call from dealer, they asked me to renew it by paying 7050. I tried paying it online at marutiinsurance website. The insurance is of IFFCO TOKIO GENERAL INSURANCE. While i was about to pay it online i thought of verifying the amount on IFCO TOKIO website. To my surprise the amount that was calculate was 6153. I was shocked to see the difference. Can anyone let me know if this difference is genuine or not. As per Maruti they say that they do not charge anything extra.
	() Thanks

5th December 2009, 09:04	#2
rjvora_2000 Senior - BHPian Join Date: Mar 2008 Location: Mumbai/Mulund Posts: 1,658 Thanked: 56 Times	This difference is because of dealer offering you less discount and Iffco giving you more discount.
	() Thanks

5th December 2009, 09:07	#3
rjstyles69 Senior - BHPian Join Date: Sep 2006 Location: Bengalooru.. Posts: 4,343 Thanked: 842 Times View My Garage	Search around with other insurance companies and you might get better deals. Usually at the dealerships you gotto haggle with fellas there for a good deal. I hope you have read about the NCB(no claims bonus) article on the forum If you haven't claimed insurance in the past year, you are entitled for a further discount too.
	() Thanks

5th December 2009, 15:11	#4
SX4LOVER BHPian Join Date: Dec 2009 Location: Highway Posts: 304 Thanked: 173 Times	hi there! dear pragya.check out policybazar.com for about 10-12 companies giving you deals on car insurance. they give you quotes too. The surveyor comes to your house to see the car and the cover note get sent to you by mail as well as post. i recently renewed my SX4's insurance from bajaj allianz through the website and got a good deal. you may have to fax them the existing insurance in order to get benefits on ARAI approved anti theft systems etc,.
	() Thanks

5th December 2009, 23:58	#5
mrwalker BHPian Join Date: Nov 2009 Location: Pune Posts: 184 Thanked: 12 Times	Maruti Insurance is better and it is offered from other providers as well, e.g. my WagonR one is from United India... Please try negotiating with your/ other dealers for a reduced quote on Maruti Insurance, will work out better than third party.. I have had a couple of minor accident jobs done so I guess I can speak with some authority on this!
	() Thanks

6th December 2009, 03:20	#6
phamilyman Senior - BHPian Join Date: Jul 2007 Location: Gurgaon Posts: 5,968 Thanked: 4,642 Times	Yes there is a premium - BUT Maruti insurance is by far the most hassle free and no-nonsense claims. plus it works cashless on all the BEST workshops in the city. I tried reliance's list (7800 quoted vs 10800 I paid to Maruti) - they had the cashless facility at shady level 2 dealers at max. it is insurance - DONT count the pennies and end up pound foolish.
	() Thanks

24th December 2009, 14:43	#8
pragya BHPian Join Date: Oct 2009 Location: pune Posts: 39 Thanked: 3 Times View My Garage	Thanks to all. I am going with the Maruti insurance only. I tried negotiating with dealer and now i am getting 2 vouchers of 500 each which i can used for car wash, wheel alignment etc. They say that they will give some more discount if possible. Today i will be going for it. Will try negotiating of giving one more voucher
	() Thanks

29th December 2009, 09:39	#9
navan49 Senior - BHPian Join Date: Nov 2009 Location: CHENNAI Posts: 1,000 Thanked: 73 Times View My Garage	Hi friends, As far as the things go on, there is no problem with any insurance. The problem arises once we enter into major or minor accidents and claim. My driver had an accident with my indica. It was repaired in the TASS. The charges were 48000. The claim hassles with them were too much. Visited more than 3 or four times. Visited the surveyor and also again took the car to the surveyor after repair. After all these hassles I got the claim after 2 months after visiting the New India Insurance office personally and the claim received was 28000. In comparison with all these troubles and expenditure a 1000 excess is no matter. Now with my Ritz accident MSM did everything and I am supposed to take the delivery only. Here just I cashed out nothing and at delivery I may spend a sum of maximum 1500. That's all here comes the Maruti Insurance. The fun is that both my cars were insured with New India one was direct and the other was through Maruti. Last edited by navan49 : 29th December 2009 at 09:41.
	() Thanks

31st December 2009, 23:47	#10
navan49 Senior - BHPian Join Date: Nov 2009 Location: CHENNAI Posts: 1,000 Thanked: 73 Times View My Garage	Dear Friends, I did not count the money but went with Maruti Insurance and had hassle free cashless claim for 13k. Where as I paid only Rs.1000 on delivery of the car. So better go with the company Insurance rather than the direct Insurance. Last edited by navan49 : 31st December 2009 at 23:50.
	() Thanks

1st January 2010, 00:18	#11
Raccoon Senior - BHPian Join Date: Jan 2008 Location: Poona Posts: 1,851 Thanked: 116 Times	^^^ I don't think this is a very accurate statement. If it works like this then all those claims about cashless claims, etc., mean nothing. I guess you had a bad experience because your insurare was a PSU; and the policy was not cashless. Somebody with personal experience would be able to make a better statement though... Last edited by Raccoon : 1st January 2010 at 00:20.
	() Thanks

1st January 2010, 15:58	#14
vigsom Distinguished - BHPian Join Date: Feb 2006 Location: NSEW Posts: 3,767 Thanked: 25,470 Times	It is all about the IDV(Insured Value) of the car on which the Own Damage Basic premium is calculated and the No Claim Bonus(this will be the same irrespective of whom one goes to) The third party component(again the same for the same terms) Point No.1 makes the BIG difference. Also in my opinion, all these vouchers are humbug;quality does not come free.
	() Thanks

1st January 2010, 20:16	#15
DCEite Senior - BHPian Join Date: Sep 2004 Location: NCR Posts: 3,417 Thanked: 2,552 Times	My wagonR insurance is due for renewal. Interestingly, for the same IDV two dealers are giving quotes which are Rs. 80 apart. However, the costly one(motocraft) is offering 20 % labour charge discount on next service, Ganesha idol and Perfume. Considering that i will be servicing my car from Motocraft only, i am taking the this offer.
	() Thanks