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Insurance for Fiat Cars - Discussion

Discussion in 'Insurance & Loan Reviews' started by Ravi, Jun 17, 2010.

  1. Ravi

    Ravi Staff Member Janitor

    Messages:
    6,001
    Bangalore
    Grande Punto 1.3
    Since my Punto will be celebrating her 1st birthday in Aug, so time to update insurance.

    I had taken insurance myself at the time of purchase from Bajaj-Alliaz. I have claimed the insurance couple of time. The service was excellent. I took it from Bajaj after talking and seeing the quote from various companies.

    Question is - should one go again with same insurer or again find quotes from various companies and finalize a deal, each year?
  2. amogh

    amogh Staff Member Janitor

    Messages:
    1,377
    Pune
    Grande Punto 1.3
    Re: Insurance - Q&A

    if ain't broke : don't fix it !!

    If you have had good experience with Bajaj Allianz : why shift ?

    I will also be renewing my policy next month (I have also had multiple claims) : I am staying with Bajaj.
  3. Andy

    Andy Esperto

    Messages:
    1,109
    Chembur Mumbai
    Mumbai
    Grande Punto 1.3
    Re: Insurance - Q&A

    Amogh the other stated Bajaj is doing good as far as car insurance is concerned.. If you dont have any issues why shift?
  4. nkapoor777

    nkapoor777 Regolare

    Messages:
    467
    New Delhi
    Re: Insurance - Q&A

    All of you with multiple claims need to be very careful. Bajaj jacked up the renewal premium of a 1-year old Linea 1.4 E-pack very close to the premium of a new car because of this.
  5. Re: Insurance - Q&A

    I have had a very bad experience with Reliance General Insurance. Would definitely recommend you all to stay away from it. Given the reviews from you all, i guess i would be moving to Bajaj-allianz in nov on my GP's birthday....
  6. Andy

    Andy Esperto

    Messages:
    1,109
    Chembur Mumbai
    Mumbai
    Grande Punto 1.3
    Re: Insurance - Q&A

    I guess FIAT-TATA now offers only BAJAJ in place of the RELIANCE which had issues after customer complaints...
  7. Ravi

    Ravi Staff Member Janitor

    Messages:
    6,001
    Bangalore
    Grande Punto 1.3
    Re: Insurance - Q&A

    How insurance company calculates the depreciation value?
    Suppose, I had 5.6L as IDV value last year, how much the IDV value will be this time?
  8. Re: Insurance - Q&A

    Age of the Vehicle - Percentage of Depreciation
    less than 6 months - 5
    6 months to 1 year - 15
    1 to 2 years - 20
    2 to 3 years - 30
    3 to 4 years - 40
    4 to 5 years - 50
  9. Re: Insurance - Q&A

    Ravi, for eg :
    first year insurance is 95% of the ex-showroom price
    Second year it is 80% of ex-showroom price
    Third year it is 70%, fourth year it is 60%.........

    Experts - correct me if i am wrong.
  10. Re: Insurance - Q&A

    riends, have a query and need your advise.

    Recently i claimed insurance from Bajaj Allianz for repairing the dents on my car doors.

    Painting 2 doors+fender amounted to Rs. 12,000
    Service Tax @10 % = Rs. 2000
    Education Cess @ 2% = Rs. 24
    S&HE cess @1% = Rs. 12
    VAT @ 8.75% = Rs. 1050
    Policy excess = Rs. 500

    Insurance amount received was Rs. 12,730
    Paid from pocket is Rs. 1550 (ie; policy excess + VAT)

    I thought i need to pay only the policy excess in this case !

    Why was VAT recovered from me where as Service Tax, Education cess and other taxes were covered under insurance amount ?

    Is it right that the insurance company refused to bear the VAT ?

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