[jinojohnt]

My Alto's comprehensive insurance is due for renewal (for second time) in a few months, and I am apprehensive about ICICI lombard (though they have a tie-up with my dealer) after reading this thread. I think I'll go with Oriental Insurance this time (only because I have a friend in one of the Oriental offices).

Any disadvantages of changing the insurance company? How do I ensure that I don't loose the no-claim bonus? What if ICICI Lombard falsely informs Oriental that I have claimed my insurance?

I normally don't claim insurance unless the amount is very very high, because of the following incident:
Dad's M800 had a paint job on the front passenger door (bike rammed on the door from the side) , and he took it to the dealer in Trivandrum. The first question is "Do you have insurance". The bill was 10,000 Rs and he had to pay upfront to get the car. Later, the insurance company gave us a refund of 4,500 Rs (due to depreciation, we lost 5500 Rs). My Cielo (same manufacturing year) had the passenger door rammed by a bike, and I took it to a local dealer and lied to him that I don't have insurance. I got the door painted for 1500 Rs. And after 2 years, I feel the cielo was painted better!

[rjvora_2000]

Originally Posted by jinojohnt

I think I'll go with Oriental Insurance this time (only because I have a friend in one of the Oriental offices).

That is the best thing

Having friends and relatives in insurance company makes your job simple at all the times. Only point is check with your service guy with whom he has a cash less tie-up?

Cashless is the best facility you can have because you know in advance that, how much you will pay, how much will be given by insurance company.

[GTO]

The Tata Indigo's insurance is up for renewal. As always, we shopped around for the best deals. My accountant comes up to me yesterday and tells me "Compared to our current insurance provider, ICICI is offering a substantially cheaper rate. Should I confirm?".

NO WAYS is what I told him. I'm unwilling to deal with ICICI for any of my financial / insurance requirements.

[manishverma0675]

Originally Posted by GTO

The Tata Indigo's insurance is up for renewal. As always, we shopped around for the best deals. My accountant comes up to me yesterday and tells me "Compared to our current insurance provider, ICICI is offering a substantially cheaper rate. Should I confirm?".

NO WAYS is what I told him. I'm unwilling to deal with ICICI for any of my financial / insurance requirements.

Absolutely right GTO,We better steer clear of ICICI after reading so much about them

[entropy]

Originally Posted by GTO

NO WAYS is what I told him. I'm unwilling to deal with ICICI for any of my financial / insurance requirements.

Fully agree. I have only two companies in my black list - ICICI and Reliance. Have vowed not to use or subscribe to any of their services even if free.

[nairrk]

I too have read many complaints about ICICI insurance as well as car loan dealings
(I think there are many complaints even in this forum also?).
National, oriental all seems good and ofcourse now Bajaj Allianz also faring well as far as the car insurance is concerned!

[rjvora_2000]

Originally Posted by entropy

Fully agree. I have only two companies in my black list - ICICI and Reliance. Have vowed not to use or subscribe to any of their services even if free.

+1 to this. I am also of the same opinion. These both companies are great as far as cheating the customer's is concern.

[Foxbat]

Absolutely agree with everyone here - Stay away from ICICI Bank at all costs. After being a loyal Banking and Credit Card for more than 3 years they harassed me for more than 4 months for Rs.1200 for a Credit Card Rewards point gift they never delivered.

After nearly 30-40 phone calls, countless emails they finally conceded they had delivered the gift to the wrong address and agreed to reverse the charges.

[GTO]

Originally Posted by entropy

Reliance.

I'm actually a very happy Reliance customer. Use their Broadband+ internet, two cell phone connections and an insurance cover. Had one claim and it was cleared (cashless) with no problems at all.

ICICI = Zero relations. And I intend to keep it that way.

[anilisanil]

Originally Posted by GTO

I'm actually a very happy Reliance customer. Use their Broadband+ internet, two cell phone connections and an insurance cover. Had one claim and it was cleared (cashless) with no problems at all.

ICICI = Zero relations. And I intend to keep it that way.

How I wish I read this thread a week earlier

I recently bought a vehicle and the dealer has a tie up with ICICI. I have got the cover letter and I was told that it takes a month for the policy to come. But after reading this I really do not want to go ahead with ICICI, can thing be done now? Kindly help as I am completely new to all this and this is the first time I am buying a four wheeler and I really do not have the adeptness to deal with ICICI if they behave like the way they did!!

[vinit.merchant]

First time I came across this thread and I patiently went through the entire thread.
More than the treatment and attitude of ICICI bank, I found the legal system more scarry and helpless. A person like me (no big jacks and no big pockets) would most probably be torn apart by the legal system in the first place. Just the thought of being in such a situation (police wrongly favoring other party, etc) feels so helpless and torturing.
May God be with the common men.

[rajeshchand]

I had an offer for renewing my BMW X1 insurance from ICICI Lombard at a much lower price (to the extent of 20k including BMW secure), but looks like they are a big joke, will stick to my evergreen Bajaj Allianz, thanks to this thread.

[rajeshchand]

There is also another point to be noted here, ICICI has a larger market share as well as they dont place any cap on number of claims in a year (many insurance companies put a cap of two claims in a year) in which case i believe they do have to resort to such practices.