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Hunt for insurance

Discussion in 'Insurance & Loan Reviews' started by sathishgv, May 16, 2013.

  1. bkpabi

    bkpabi Novizio

    Messages:
    40
    Bangalore
    Thanks shams. I will check with policy bazaar people.
  2. kedarbendre

    kedarbendre Esperto

    Messages:
    4,215
    MH 12
    A bugger from L & T Insurance offered me Zero Dep Insurance for my Punto 90HP 2011 (July) for Rs. 27,000. :punch:boxer:shocked

    I got quote from Bharati AXA, Royal Sundaram & TATA AIG which almost closer to Rs. 16000 which is acceptable. :up
  3. punto_emotion

    punto_emotion Esperto

    Messages:
    1,245
    Bangalore
    Grande Punto 1.3
    Referring to my earlier posts, I think this time I might go ahead with SBI Insurance. This is 2nd year insurance and by default previous was FG. SBI has quoted @ 16k for 6L idv BtoB policy. FG insurance guy is following up constantly and has come down to 16k from initial 18k. He is like, its better to go with FG as it has tie up with Fiat; claim process will be easy. Not sure about this! Yet to make a final decision.
    -Sent from Lumia 620 using Board Express
  4. Pauleralil

    Pauleralil Regolare

    Messages:
    324
    Kochi/Bangalore
    Seems like Hyson Motors ( Kochi) has tie up with United India Insurance and also offer Cashless facility and offer Bumper to bumper( 0 dep policy)
    Model: 2011 Linea 1.3 MJD EMotion Pk
    IDV Value: Rs 720,000/-
    Premium: ~Rs 12650/-
    NCB: 50% included
    Charges at the time of Claim: Rs 2000/ claim

    Other Quotes
    National Insurance - Bumper 2 Bumper ( 0 dep Policy)
    IDV Value: Rs 700,000/-
    Premium: Rs 12,309/-
    NCB: 50% Applicable included
    No Cashless facility
    Claim charges: Rs 1000 ( not sure)

    I feel mere 340 buck is not a problem as UI insurance has cashless facility which is a big plus over National where i will have to claim and them reimburse the amount
    Can someone help me choose. I am confirming with the UI if passangers and paid drivers are covered in the quote. Is there anything i should check apart from these?
  5. pronoy_banerjee

    pronoy_banerjee Amatore

    Messages:
    155
    Pune
    I need to renew my insurance for my 2012 punto, as i claimed for the windshield, the NCB is 0% and FG is charging 20727 INR; which is way too high as compared to others.

    I called a few companies and the following is the quote i got.

    Tata aig :
    IDV 493391
    Premium :17815
    Voluntary excess : 0
    ----------------------
    after negotiating
    IDV : 528000
    Pre : 16005
    =======================================

    ICICI:
    IDV : 544000
    Premium: 17065
    voluntary excess: 0
    b2b / 0% depreciation: 20000
    =========================================

    Iffco tokio :

    premium : 16583
    After obtaining the promo code from the toll free number and VE of 2500 INR: 14948 INR
    =========================================

    Bajaj allianz
    IDV: 540256
    Premium for 0% dep: 20118
    --------------
    comprehensive premium : 14929
    1000 INR compulsory to the workshop on any claim
    after applying voluntary excess of 2500 - 12427 INR
    ==========================================

    Royal sundaram:
    comprehensive:
    IDV: 559300
    premium : 13091 INR
    0% depreciation: 17175 INR
    after adding VE of 5000 : 15100 INR
    ----------------
    changed the IDV: 531335
    premium : 12843
    0% depriciation: 16724
    ----------------


    Now i am inclined towards Bajaj for their premium after adding VE of 2500/-INR is only 12427/-INR.
    What do you guys say?
  6. sathishgv

    sathishgv Regolare

    Messages:
    496
    Paradip, odisha
    Grande Punto 1.3 90 HP
    pronoy check with bajaj allianz again and tell them about my insurance. I got IDV 612000/- and with a voluntary deductible of 2500/- my premium was 9473/- which is way too less than what you are quoting. In fact berkshire insurance who is an authorized insurance provider for bajaj allianz quoted the value what you are mentioning.
  7. pronoy_banerjee

    pronoy_banerjee Amatore

    Messages:
    155
    Pune
    Well, I am not receiving NCB as i had claimed it for the glass in the last month.
    The car is July 2012 manufactured.
  8. pronoy_banerjee

    pronoy_banerjee Amatore

    Messages:
    155
    Pune
    Hey guys, I have the following quote from Royal Sundaram's website. which I think is offering reasonable rates as compared to others.
    I need help in deciding which one to choose.

    A little background
    Punto 1.3 Dynamic July 2012.
    Claimed once for Windshield so I'm at 0% NCB for renewal.
    Future Generali is charging 20K for a comprehensive policy.


    Quote from Royal Sundaram's Website:

    IDV : 579040 (+5%)
    Windshield waiver (If glass breaks, no claim bonus will not be affected)
    premium: 13496
    premium without glass waiver : 13107

    ------------------------------

    IDV: 526400 (system calculated)
    0% depriciation
    premium : 17336
    premium without 0% dep : 12303

    -------------------------------

    IDV: 447440 (-15%)
    premium : 11460
    Premium with "return to Invoice" : 12867
    Premium with "0% dep & return to invoice" : 16134
    Premium with "0% dep & return to invoice & windshield waiver" : 16436

    ============================================

    RS is offering unlimited claims and quite a few services including towing, Road side assistance etc.

    I am more inclined towards the last, can someone tell me if reducing the IDV causes any issues.. please keep in mind i have selected "Return to Invoice" which will fetch me 6.25 Lacs(ex-showroom price) if the car is a total loss.
  9. testdrive

    testdrive Amatore

    Messages:
    149
    Chennai
    Hi Friends,

    my car insurance expiration is due on 29th-June-2013, Currently its with Future general. Since its a first year and I have not claimed any till now. So I am planning to stay\renew with future general for this year and mostly i will change the provider after next year. i got details given below.
    My car is 2012 model delivered in Aug-2012

    IDV: 600000 (earlier I got IDV as 570000, then I asked to increase IDV)
    Premium with NCB: 12040
    I am new and don't have idea what to deal with. Could anyone help me to do best, during my renewal process?</SPAN>
  10. pronoy_banerjee

    pronoy_banerjee Amatore

    Messages:
    155
    Pune
    Hello Testdrive, do checked out my previous post on this page, which contains all the quotes offered by the companies.. now as you have never claimed on your existing policy, you will get a NCB, so the premium would be lesser than what i have stated.

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