Honda Assure is not an Insurance company but is a product which is formed by Honda Siel Cars with a consortium of Insurance companies
Under Honda Assure, Honda Siel Cars has entered an arrangement with some of the leading insurance companies - basis there claim track record and service levels to provide cashless, seamless and hassle free Insurance experience
These Insurance companies are - Bajaj Allianz, ICICI Lombard, National Insurance, Royal Sundaram and Universal Sompo General Insurance
Been policy details, claim status can easily be viewed through any Honda Dealer and the manufacturer to the best of our knowledge has also taken some service level commitment from the Insurance companies to provide best in class, and quick claim settlement program.
Also, now the dealer can issue Instant Policy on receipt of premium, means no cover note hassle. Any kind of Basic Policy endorsements can also be done from Online Live System, which is there at dealer workplace.
To our estimates still unsure- for smaller amount claim or for say claim on some part replacement like Windshield etc - dealer can himself submit a surveyor report - no need to get a surveyor from Insurance company
The Risk coverage however would not vary as if you buy policy say directly through the Insurance company or under Honda Assure Program. But - there are some enhancements like
> ECM & Wiring
> Consumable Cover
with higher coverage under arrangement with Honda Assure vis a vis stand-alone Insurance Policy. The terms are negotiated by manufacturer with the preferred insurance partners.
It is Slower than direct insurance.For one,the premium you pay is actually credited to Honda Assure. They have to in turn credit the insurance company their due. If you make a claim close to the renewal date,in all likelihood the insurance company would not have got the money and they will not approve the repairs until they see the credit. I have Honda Assure and my claim is pending for the last two days because Bajaj Allianz haven't got the money even though the premium has been credited 10 days ago.
Maruti's product is much better where claims are approved on the same day
In reply to Prateek, the sheet you have shown is incomplete and hides information. Under Honda Assure the liability of customer is shown as 10% of component part. This figure of 10% increases with time.
Is there any way to renew honda assure iffco tojio insurance. As local dealers are vary with the rates and very unprofessional to deal further with renewal part.
Kindly suggest if it's possible to renew through any portal or honda assure any link..