After a lot of deliberation finally bought the Insurance for the stallion for the year 2014-15 from Royal Sundaram. The details of renewal as below: IDV: 610880 OD premium: 11735 NCB discount: 2933 Zero dep add on: 3971 Windshield add on: 367 Total OD: 13410 Third party Liabaility: 1732 Total premium: 14872 Taxes: 1839 Net Premium: 16710 Actual IDV works to 608125 as per IRDA rules of current showroom cost i.e 715442 (Thane) times the depreciation rates 15%. RS in their initial quote had mentioned 541380. The RS customer support guys patiently answered all my queries and in the excitement did call me more than a couple of times. They later stopped calling me after I told them gently of the consequence if they tried to pester me. Other insurance co considered: Future generali, Oriental Insurance, Tata AIG - online and through Fiat dealer. But as they say self help is the best help, hence the decision tilted towards RS. Only sore point is I couldnt print the policy immediately after the payment but recd the policy in the registered e-mail address. Also there is no details of the nomination on the policy.