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Which Insurance Company to Choose for Insurancr renewal??

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#11 08-Jul, 2011 01:57 PM
Mathew
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Joined Date: 08 Jun 2011
Location: Secunderabad
Posts: 428
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Hi Sarath

Give me the details of your car , how many years old it is , i mean model and the make , actual price when your purchased it ( ex showrrom price ) Let me speak to the GM of National Insuarnce and will let you know the quote depending on that negotiate with your choice of Insurance companies ok

All the best

Regards

Mathew




Its better to prepare and prevent than to repair and repent :)
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#12 08-Jul, 2011 02:48 PM
Kshitij Rajhans
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Joined Date: 22 Feb 2010
Location: Pune
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Posted by sarathspeaksnow

I am also confused with the insurance renewal, I am trying to renew with TATA AIG. but agent and company giving me different quotes

Agent is offering more IDV than company with lesser premium by 1000/- on the same plan. Company person giving a scare that agent cant discount so much and could be cheating also. Meanwhile agent has clarified that key replacement and personal belongings will not be covered in his quote. And for that company person states that the policy cant be tweaked in that way.

I am confused!!!

Help me please

Sarath S

The rule normally applied is that the IDV should be at leats 10% less than the previous one. It can vary beyond that. Also, the agents get some % commission on this and they offer the discount amount out of their own commission value.

Finally, you just need to take care of what has been agreed during negatiation needs to be reflected in the policy paper.
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#13 08-Jul, 2011 03:16 PM
Sarath
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Joined Date: 03 Nov 2009
Location: Chennai
Posts: 150
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Posted by MathewK

Hi Sarath

Give me the details of your car , how many years old it is , i mean model and the make , actual price when your purchased it ( ex showrrom price ) Let me speak to the GM of National Insuarnce and will let you know the quote depending on that negotiate with your choice of Insurance companies ok

All the best

Regards

Mathew



details are

i20  Magna/Ist year renewal/Ex show room price: aroud 5L (1st year IDV was 467000).

I am currently having Nation Insurance only, the reason I need to move out is that they dont have cash less facility and very limited tieup with service centres in other cities.  I amusing the car in chennai wher as I purchased the insurance from cochin, there is a cashless tie up in cochin but I cant avail the facility anywhere other than cochin.

Sarath
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#14 08-Jul, 2011 03:17 PM
Sarath
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Joined Date: 03 Nov 2009
Location: Chennai
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Posted by kshitij_rajhans

The rule normally applied is that the IDV should be at leats 10% less than the previous one. It can vary beyond that. Also, the agents get some % commission on this and they offer the discount amount out of their own commission value.

Finally, you just need to take care of what has been agreed during negatiation needs to be reflected in the policy paper.



For the same reason , I have asked for a sample/draft policy, other wise deal is good.
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#15 08-Jul, 2011 03:57 PM
Mathew
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Joined Date: 08 Jun 2011
Location: Secunderabad
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Then no point talking to National Insurance guy's . However if you take insurance in Chennai you can get a cashless facility right . Do you want to go ahead ?




Its better to prepare and prevent than to repair and repent :)
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#16 08-Jul, 2011 04:44 PM
Sarath
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Joined Date: 03 Nov 2009
Location: Chennai
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Posted by MathewK

Then no point talking to National Insurance guy's . However if you take insurance in Chennai you can get a cashless facility right . Do you want to go ahead ?



Mathew, NIC wont give cashless facility only in the city wher to purchased the insurance(in my experience). That wont work out for me.

Regards

Sarath S
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#17 01-Jan, 2012 03:59 PM
Rohantripathi
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Joined Date: 01 Jan 2012
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Many of the users have mentioned some important features that are offered by some car insurance service providers. But only a few offer plans with a range of covers. Bajaj Allianz is one such leading car insurance company in India who protect you against loss or damage of your car, and takes care of speedy authorization of repairs.
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