The Insurance Accident Database

drsingh · 26th November 2013, 13:20

I've been curious about this for quite some time.As per my understanding all the insurance companies maintain a centralized database of motor insurance claims.

Is there any way to search for accident history of a vehicle using this particular database.

Do the insurance agents have access to this database?

Or is there a way to request such information? (Something like RTI? )

carzealot · 12th December 2013, 20:28

Unfortunately, the centralised database has still not come into existence but yes IRDA is working on it and is expected to be launched sometime in the middle of the next year i.e, 2014. Yes, there is a way to see the history of the vehicle that is visiting any authorised dealership am requesting them for a service history. All manufacturers use a common software for logging service history and repairs done at authorised workshops. This can be accessed from any authorised workshop across India. The only catch is if the first owner stopped taking his vehicle to an authorised workshop after certain point in time. The other way is to look at the insurance policy document. If the car is say 3 years it will show a no claim bonus of 35%. So the NCB slab is like 1st year 20%, 2nd year 25% and then 35%, 40%, 45% and finally 50%.

drsingh · 18th August 2015, 10:40

Bringing back this thread from the dead. Any updates on the shared database?

drsingh · 22nd November 2017, 17:59

Now that Aadhaar is being made mandatory for financial products, It is going to get much easier to build a database.

ghodlur · 21st December 2017, 10:41

Quote:

Originally Posted by drsingh

Bringing back this thread from the dead. Any updates on the shared database?

The shared database called Vahan is under the process of being built up. Not much information though, the website seems to be useless.

https://vahan.nic.in/nrservices/faces/welcome.jsp

The central database is being regularly updated by some of the general Insurance cos and this will help update the insurance details of the registered vehicles. Going forward it will help the ministry (MoRTH) identify the insurance status of the vehicles and track which vehicles have no insurance.

Quote:

The common pool will also help insurance companies calculate premium at the time of renewal.

Currently, when a vehicle previously insured by a different company comes up for renewal, the insurer has to depend on self-declaration by the customer on the issue of no claims. Accordingly, no-claim bonuses are calculated.

“The customer may sometimes take advantage of this and not provide correct information. Once this database is ready we will have access to all such information on a common portal,” a senior industry executive said.

The central database, once ready, can also be accessed by government authorities to take necessary risk-mitigation measures at the time of third-party claims, said KV Dipu, Head of Operations and Customer Care, Bajaj Allianz General Insurance.

“Like Aadhaar is set to revolutionise customer data, this central pool could bring all uninsured vehicles on a single platform,” Dipu said.

More details in the link below:

http://www.thehindubusinessline.com/...cle9994731.ece

drsingh · 13th February 2023, 08:58

2023 bump. Is Vahan database now connected with accidents and insurance claims database?

26th November 2013, 13:20	#1
drsingh BHPian Join Date: Mar 2011 Location: Ludhiana Posts: 780 Thanked: 716 Times	The Insurance Accident Database I've been curious about this for quite some time.As per my understanding all the insurance companies maintain a centralized database of motor insurance claims. Is there any way to search for accident history of a vehicle using this particular database. Do the insurance agents have access to this database? Or is there a way to request such information? (Something like RTI? )
	() Thanks

12th December 2013, 20:28	#2
carzealot BHPian Join Date: Dec 2013 Location: Gurgaon Posts: 42 Thanked: 20 Times	Unfortunately, the centralised database has still not come into existence but yes IRDA is working on it and is expected to be launched sometime in the middle of the next year i.e, 2014. Yes, there is a way to see the history of the vehicle that is visiting any authorised dealership am requesting them for a service history. All manufacturers use a common software for logging service history and repairs done at authorised workshops. This can be accessed from any authorised workshop across India. The only catch is if the first owner stopped taking his vehicle to an authorised workshop after certain point in time. The other way is to look at the insurance policy document. If the car is say 3 years it will show a no claim bonus of 35%. So the NCB slab is like 1st year 20%, 2nd year 25% and then 35%, 40%, 45% and finally 50%.
	(2) Thanks

18th August 2015, 10:40	#3
drsingh BHPian Join Date: Mar 2011 Location: Ludhiana Posts: 780 Thanked: 716 Times	Bringing back this thread from the dead. Any updates on the shared database?
	() Thanks

22nd November 2017, 17:59	#4
drsingh BHPian Join Date: Mar 2011 Location: Ludhiana Posts: 780 Thanked: 716 Times	Now that Aadhaar is being made mandatory for financial products, It is going to get much easier to build a database.
	() Thanks

13th February 2023, 08:58	#6
drsingh BHPian Join Date: Mar 2011 Location: Ludhiana Posts: 780 Thanked: 716 Times	Re: The Insurance Accident Database 2023 bump. Is Vahan database now connected with accidents and insurance claims database?
	() Thanks