Tata AIG's 0% Depreciation Car Insurance

Rohini · 15th May 2009, 22:16

Tata AIG is the first to obtain go ahead from IRDA to provide ADD ON covers to their car customers. They are offering 0% Depreciation, Daily Allowance, Key Replacement, Return to Invoice, Emergency Hotel & Transportation, No Claim Bonus Protection etc. These are very good extensions to the existing policy which will definetely cost a bit more. Especially 0% Depreciation cover offers full settlement of claim without any deduction for depreciation. (existing policies of all companies pay only 50% of Rubber / Plastic parts; 5% -50% deduction on Metal parts in case of accident claims) Check with the local Tata AIG office.

neel385 · 15th May 2009, 23:08

This could be interesting for all vehicle owners; are any other details available i.e. the premium calculation etc?

mmmjgm · 15th May 2009, 23:43

Please read the fine print, I'm more than familiar with TATA AIG GEneral insurance.

Rohini · 16th May 2009, 12:42

Quote:

Originally Posted by neel385

This could be interesting for all vehicle owners; are any other details available i.e. the premium calculation etc?

I already checked the fine prints & I am convinced on the add ons. I am waiting for my renewal which is due in Aug 09 so that I can approach Tata AIG for renewal.

gopalnayak · 16th May 2009, 20:03

Can these add-ons be availed on existing policies or should I necessarily do it during renewal?

Rohini · 16th May 2009, 20:37

Quote:

Originally Posted by gopalnayak

Can these add-ons be availed on existing policies or should I necessarily do it during renewal?

These can be opted only at the time of next renewal.

rjvora_2000 · 18th May 2009, 10:23

Nice to know this, there website does not have any writeup on this. Do you have some thing in writing for this one?

Rohini · 18th May 2009, 21:18

I heard this from a Tata AIG Manager at Hyderabad. You may contact him for more information @ 90522 20466.

rjvora_2000 · 19th May 2009, 10:27

Quote:

Originally Posted by Rohini

I heard this from a Tata AIG Manager at Hyderabad. You may contact him for more information @ 90522 20466.

I spoke to some manager in Mumbai, he told me that this is there future plans to introduce such product but nothing has launch officially till date that was a reason I was asking you that do you have something in writing that will really help.

alpha1 · 19th May 2009, 10:31

Are these sops offered beacuse parent AIG is officially bummed?

tsk1979 · 19th May 2009, 10:39

Zero% depreciation on plastic parts? Am I sure I read this right!?

Mr.Bangalore · 19th May 2009, 10:45

any of you know wat will be the premium to be paid for this offer.?

rjvora_2000 · 19th May 2009, 10:54

Quote:

Originally Posted by Mr.Bangalore

any of you know wat will be the premium to be paid for this offer.?

Sirji this is under the planing stage till now no company has comeup with the rating's for such product.

Quote:

Originally Posted by tsk1979

Zero% depreciation on plastic parts? Am I sure I read this right!?

Quote:

Originally Posted by alpha1

Are these sops offered beacuse parent AIG is officially bummed?

All the companies will have such product so this is not AFAIK but a truth. We might have to some extra premium but 100% of our claims will be payable from insurance company.

diwa · 19th May 2009, 11:04

Rohini,

Are your working for TATA AIG? Your profile mentions that your are in the insurance industry.

Rohini · 19th May 2009, 18:17

I was a Life Insurance Agent before but not any more.

15th May 2009, 22:16	#1
Rohini Newbie Join Date: Aug 2007 Location: Hyderabad Posts: 17 Thanked: Once	Tata AIG's 0% Depreciation Car Insurance Tata AIG is the first to obtain go ahead from IRDA to provide ADD ON covers to their car customers. They are offering 0% Depreciation, Daily Allowance, Key Replacement, Return to Invoice, Emergency Hotel & Transportation, No Claim Bonus Protection etc. These are very good extensions to the existing policy which will definetely cost a bit more. Especially 0% Depreciation cover offers full settlement of claim without any deduction for depreciation. (existing policies of all companies pay only 50% of Rubber / Plastic parts; 5% -50% deduction on Metal parts in case of accident claims) Check with the local Tata AIG office.
	(1) Thanks

15th May 2009, 23:08	#2
neel385 BHPian Join Date: Nov 2007 Location: Kharagpur Posts: 530 Thanked: 430 Times View My Garage	This could be interesting for all vehicle owners; are any other details available i.e. the premium calculation etc?
	() Thanks

15th May 2009, 23:43	#3
mmmjgm BHPian Join Date: Nov 2004 Location: BOM, PNQ, DXB Posts: 398 Thanked: 30 Times	Please read the fine print, I'm more than familiar with TATA AIG GEneral insurance.
	() Thanks

16th May 2009, 20:03	#5
gopalnayak BHPian Join Date: Feb 2008 Location: Bangalore Posts: 63 Thanked: 30 Times	Can these add-ons be availed on existing policies or should I necessarily do it during renewal?
	() Thanks

18th May 2009, 10:23	#7
rjvora_2000 Senior - BHPian Join Date: Mar 2008 Location: Mumbai/Mulund Posts: 1,664 Thanked: 56 Times	Nice to know this, there website does not have any writeup on this. Do you have some thing in writing for this one?
	() Thanks

18th May 2009, 21:18	#8
Rohini Newbie Join Date: Aug 2007 Location: Hyderabad Posts: 17 Thanked: Once	I heard this from a Tata AIG Manager at Hyderabad. You may contact him for more information @ 90522 20466.
	() Thanks

19th May 2009, 10:31	#10
alpha1 Senior - BHPian Join Date: Apr 2007 Location: LandOfNoWinters Posts: 2,138 Thanked: 2,759 Times	Are these sops offered beacuse parent AIG is officially bummed?
	() Thanks

19th May 2009, 10:39	#11
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,725 Thanked: 23,014 Times View My Garage	Zero% depreciation on plastic parts? Am I sure I read this right!?
	() Thanks

19th May 2009, 10:45	#12
Mr.Bangalore BHPian Join Date: Jul 2006 Location: Bengalooru Posts: 369 Thanked: 56 Times View My Garage	any of you know wat will be the premium to be paid for this offer.?
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19th May 2009, 11:04	#14
diwa BHPian Join Date: Jun 2006 Location: chennai Posts: 357 Thanked: 183 Times	Rohini, Are your working for TATA AIG? Your profile mentions that your are in the insurance industry.
	() Thanks

19th May 2009, 18:17	#15
Rohini Newbie Join Date: Aug 2007 Location: Hyderabad Posts: 17 Thanked: Once	I was a Life Insurance Agent before but not any more.
	() Thanks