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Insurance for Fiat Cars - Discussion

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

  1. sungoa2010

    sungoa2010

    Messages:
    2,878
    Goa
    According to IRDA norms IDV depreciation for first 5 years are(in percentage) are 5(for new car and valid for 6 months), 15, 20,30,40 and 50.
    1 person likes this.
  2. theblack

    theblack Esperto

    Messages:
    2,188
    Bangalore
    Guys my insurance is due in Dec 2nd week and I'm not going to be in town then .. So looking at renewal options.
    This time I'm interested in buying it online just to see how the experience is going to be..

    Model : 2009 Dec

    Previous Insurance details
    Previous insurance : bajaj allianz
    IDV : 404000
    Premium paid : 8000
    NCB : 20%

    I've not had any claims in the current year either.

    here are my concerns.
    1.) Would it make sense to stick to bajaj allianz
    2.) Any experience w.r.t claims from Bajaj Allianz (are they good/bad , how much do they cover)
    3.) Any better insurance available out there.

    I'm planning on increasing the IDV of my car
    Would it make sense to do so?
    Is it possible?

    Please let me know asap..

    Thanks
  3. ramjn

    ramjn Staff Member Janitor

    Messages:
    5,243
    Chennai
    Linea 1.3
    Many insurance companies are not flexible with the IDV. You can check with HDFC Ergo. They are quite lenient towards the IDV.
  4. theblack

    theblack Esperto

    Messages:
    2,188
    Bangalore
    Ok while going through Bajaj Allianz again i see that they have an option to Increase the IDV.

    What would be a good IDV for a 3yr old car.
    Make = 2009 Dec

    - - - Merged Post - - -

    Looking at bajaj allianz i'm not quite sure what to do..
    They seem to up my IDV to 4.5L and give passenger cover of up to 2L "All for just 9856..
    Please help.
    Screenshot-3.jpg
  5. theblack

    theblack Esperto

    Messages:
    2,188
    Bangalore
    ok guys I needed some help here is the shortlisted companies...
    Please give me your opinions as soon as possible

    [table="width: 500"]

    Name
    Premium
    IDV
    NCB(%)

    HDFC Ergo
    9940
    4,23,616
    25

    Bajaj Allianz
    (With accident cover up to 2l)
    9863
    4,50,000
    25

    Royal Sundram
    (With accident cover up to 1L)
    10497
    4,61,340
    25

    IFFCO TOKIO
    (cover up to 2L)
    10558
    5,00,000
    25
    [/table]
    Some other pointers

    Royal Sundaram:
    They are offering cashless feature at any autorized FIAT dealership in India.
    and offer cover to passenger , owner/driver up to 1L (actually its up to 2L, i've chosen 1L)
    They have claim settlement within 72Hrs

    IFFO-TOKIO
    They are offering cashless features to KHT Motors and Prerana motors
    and 30 days for claim settlements...

    Can you guys please suggest which one would be good in terms of ease of claims and trustworthy..
    Please help
    Last edited: Nov 9, 2012
  6. hpmadan

    hpmadan Timido

    Messages:
    22
    Bangalore
    Hi,

    Get a quote from TATA Aig as the service advisors says its good in terms of claim settlement in cocorde or prerana as its an TATA product compared to other insurance.


    Thanks
    Madan H P
  7. theblack

    theblack Esperto

    Messages:
    2,188
    Bangalore
    what is the NCB i get for each year that goes without a claim..
    All these websites say i get only 25% which means its only a 5% increase from my current insurance.. is this right?
  8. Ravi

    Ravi Staff Member Janitor

    Messages:
    6,001
    Bangalore
    Grande Punto 1.3
    Normally company gives 20% as NCB, but if you have not claimed in previous year also, you will get 25%.
    Don't worry much about NCB, insurance is for using it when required, not to save some money on NCBs.

    I think Bajaj Allianz is good, though I have Tata AIG from last 3 years. First year I had with Bajaj, but they jacked their premium as I claimed it.
  9. theblack

    theblack Esperto

    Messages:
    2,188
    Bangalore
    Ok thank you... I will decide been BA and other...
    I did read about BA and they seem to be good... let's see....
    If anyone has experience with others let me know... I will finalized in a few days
  10. Hi Sham,

    When you finalize let me know which one you are going. My car insurance renewal is coming shortly. Is the above given quotes for a bumper to bumper or a normal one.

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