Re: Automobile Insurance Queries? Ask me Dear All,
Today did some research on car insurance for my new Grand I 10. I got the following 2 quotes, one from TAIG and the other from Reliance.
Could the experts comment on which one I should go fo. I totally understand each comes with its own set of pros and cons, but reaching out to the experienced junta to help me zero in on the lesser of the 2 evil.
1) TAIG
1. Car & Make Model : HYUNDAI GRAND I 10 ASTA AT PETROL
2.Existing Insurance - : BRAND NEW
3. Registration no: ---. : WB 01
4. Vehicle Driven City: - : KOLKOTA
5. Age of Vehicle: : BRAND NEW
* Policy Benefit
1. NCB : 0 %
2. Direct Claim Settlement: YES,
3. Accident Repair Warranty (6 Month)
4. Towing Facility Upto Rs : 1500/-
5. Third party Property damage Upto Rs : 7,50,000/-
6. Third party body injury unlimited cover
7. Voluntary discount: Nil
8. Owner Cover: 2,00,000/-
10. ENGINE SECURE : YES
The given quotation is based on details provided by you over the phone & subject to change as per changes in the given details.
Based on this information, the IDV (Insured Declared Value) of your car is Rs. 6,36,000/- (IDV) Premium is Rs. 20,153/- (PEARL PLUS PLAN + RSA)
Based on this information, the IDV (Insured Declared Value) of your car is Rs. 6,36,000/- (IDV) Premium is Rs. 18,332/- (PEARL PLAN)
Repair of Glass, Fiber, Plastic and Rubber Parts :
Under this cover the ‘No Claim Bonus’ will not be impacted if repair rather than replacement is opted (once in year ) for damage to only Glass, Fiber, Plastic and Rubber parts provided no other claim for damage to the vehicle is preferred during the policy period. This cover is free.
Depreciation Reimbursement :
This cover offers full claim without any deduction for depreciation on the value of parts replaced. The cover is available for vehicles up to 5 years old and operates for maximum 2 claims during the policy period.
Loss of Personal Belongings :
This cover pays for the loss or damage to personal belongings inside a vehicle at the time of loss or damage to the vehicle in excess of Rs. 250. ( Baggage’s only.)
Emergency Transport and Hotel Expenses :
This cover pays the cost of overnight stay and taxi charges for returning to the place of residence or the nearest city of travel, if the vehicle becomes immobile due to an accident.
Key Replacement :
This cover pays the cost to replace vehicle keys if lost or stolen, plus the cost of locks if the vehicle is broken into.
Engine Secure
We will pay you repair and replacement expenses for the loss or damage to-
- Internal parts of engine
- Gear box, transmission or differential assembly
Provided loss or damage is due to ingress of water in the engine or leakage of lubricating oil from engine/ respective
assembly.
We will also pay for lubricating oils/ consumables used in respective assembly i.e. material which is used up and
needs continuous replenishment such as engine oil, gear box oil etc. but excluding fuel.
1. Loss or damage covered under manufacturer warranty, recall campaign or forming part of maintenance/
preventive maintenance.
2. Any aggravation of loss or damage including corrosion due to delay in intimation to us and/ or retrieving the
vehicle from water logged area.
3. Ageing, depreciation, wear and tear.
Consumable Expenses:
We will cover cost of consumables required to be replaced/replenished arising from an
accident to the insured vehicle. Consumable for the purpose of this cover shall include engine oil, gear box oil,
lubricants, nut & bolt, screw, distilled water, grease, oil filter, bearings, washers, clip, break oil, air conditioner gas
and items of similar nature excluding fuel.
2) Reliance - Rs. 18,193/-
Motor Secure Premium Cover-
Nil Depreciation Cover
Consumables Cover
Engine Cover
Key Protect Cover – Private Cars
In addition to normal stuff |