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Maruti Insurance Vs Other Insurance Companies Differences, Benefits

Maruti Insurance Vs Other Insurance Companies Differences, Benefits

Maruti Insurance Review. Compare Maruti Insurance against ICICI Lombard, Tata AIG, Bajaj Allianz with Premium Difference, Key Benefits, Features, Claim Settlement Process

 

Maruti Insurance

Maruti Insurance is not an Insurance company first. Rather its an Insurance Broking Arm of Maruti Suzuki which provides Car Insurance Policies of

» PSU Companies: National Insurance Company, New India Assurance Company 

» Private Player: Bajaj Allianz, Iffco Tokio, ICICI Lombard, Royal Sundaram

through 3 Different Modes - Online or Dealer Network or Workshop

Though Benefits like:-

» Cashless Settlement

» Seamless Service

» Fair Claim Settlement Terms

is what Promised and assured. But this is standard - whether Policy taken through Maruti Insurance or with Direct Insurance Companies. So whats the edge of Maruti Insurance then. 

There are hosts of differences and benefits of taking Insurance through Maruti Insurance

Key one are listed below:

Features Direct Insurance with Private Insurance Companies Insurance taken under Gamut of Maruti Insurance
Claim Settlement You are left on your own or through Dealer for Settlement of Claim with Insurance Company Maruti Insurance acts as guard for Transparent and Quicker Claim Settlement with Insurance Companies. Maruti Insurance is Sold in over 90% of Maruti Suzuki Cars sold in India. This translates into Premium Business to tune of close to 150 crore every month - given to PSU & Private Insurance Players. With Such Volume of Business - Expect - Claim Settlement Terms as much quicker with defined Turn around Time and Transparent Policies under Preferred arangement
     
24x7 Assistance Insurance companies do offer 24x7 Support through there Call Center Apart from Insurance companies, you too have a dedicated 24x7 Support Center of Maruti Insurance - for providing information on Lodging Claim, Process Note, Documents
     
Policy Issuance Either Online Immediate Policy Print or if through Agents generally Issue Cover Notes. Though Instant Policy Issued by going Online You get Instant Policy Issuance on Clearance of Cheque / Cash Deposit. No Cover Notes - It’s the Final Policy been Issued
     
Premium You may have to search among Multiple Insurance players for Low Premium. Agents may play dubious by offering low IDV for sake of lower Premium IDV and Insurance Premium Remains Same under Gamut of Maruti Insurance - across Insurance companies / Dealers. Though its not the cheapest in market - but certainly is one of the most competitive premium and needs no negotiation as it’s a system calculated with all necessary discounts already merged in
     
Zero Salvage Most of the Private Insurance companies deduct 5% to 7% Value against Salvage against replaced Spare Parts at time of Claim Settlement No such Deduction for Salvage happened under Maruti Insurance. Maruti Insurance Offers Insurance exclusively for Maruti Suzuki customers and has made a product with Top of Line Customer Convenience as a key feature
     
Involvement of Manufacturer Support There is no Involvement of Manufacturer in case of Denial or Partial Claim Settled. You on your own or through Dealer can proceed further There is a dedicated Team which works in Maruti Suzuki under Maruti Insurance Brand. If in event of dissatisfaction due to Claim or Delay or Settlement amount - you can escalate and involve Manufacturer Maruti Insurance Team for Resolution

Recommended Insurance for Maruti Vehicle: If its Maruti Suzuki, Certainly it should be through Maruti Insurance. Its recommended for best Protection Cover for your Maruti Suzuki Vehicle. 

Pointer - if you choosing Maruti Insurance and renewing through Maruti Suzuki Workshop

As Workshop gets Fixed Commission from Maruti Suzuki for renewing in Insurance, do not hesitate to ask for either one or more Benefits as

» Car Perfume 

» 50% Discount on Wheel Alignment, Balancing  

» Free Car Wash Coupon

» Discount on Labor Charges during Servicing

It may likely be possible that renewal may help you in getting some freebee from Workshop or Benefits on Labor Charges.

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Important: If you seek advise or recommendation, pls raise query in Car Forum instead of posting in comments

 

Comments 2

Guest - Jinsen Karedath on Friday, 05 January 2018 16:53

Royal Sundaram is the worst insurance provider, I have recently purchased a car insurance, I have given all details correct. But when I received the policy most of the information they changed intentionally. This is to avoid claim settlement. Spelling mistake in name etc. I have contacted many times, no response from them. No mails, calls nothing. They had offered a discount, that is why I opted them, that proved to be wrong decision. Please do not buy policy from them. They are unprofessional.

Royal Sundaram is the worst insurance provider, I have recently purchased a car insurance, I have given all details correct. But when I received the policy most of the information they changed intentionally. This is to avoid claim settlement. Spelling mistake in name etc. I have contacted many times, no response from them. No mails, calls nothing. They had offered a discount, that is why I opted them, that proved to be wrong decision. Please do not buy policy from them. They are unprofessional.
Guest - chetan on Tuesday, 05 September 2017 19:52

Hi ,
I wanted to know what is the reduction of prices in Maruti swift petrol vxi option after GST

Hi , I wanted to know what is the reduction of prices in Maruti swift petrol vxi option after GST
Guest
Sunday, 16 December 2018

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