Tata AIG insurance significantly cheaper than other options - what's the catch?

Join Date: Jul 2023

Location: Bangalore

Posts: 33

Thanked: 18 Times

Hi folks,
I request to renew security for my car (VW Virtus purchased past year). My existent argumentation is with Reliance Insurance with IDV of Rs 17.x lacs.
While comparing the quotes for renewal I got the pursuing quotes (I person 20% NCB applicable and each the quotes beneath are including that) -
1. Reliance (via the Insurance squad of the Car Dealership)
IDV - Rs 17 Lacs
Add ons - Zero Dep, Engine Protect, Consumables, Key Protect,
Total Premium (without taxes) - 29.6k
Net payable (including taxes & discounts) - 32.5k

2. Tata AIG (quote generated straight from their website)
IDV - Rs 17 Lacs
Add ons - Zero Dep, Engine Secure, Consumables, Key Replacement, Loss of Personal Belonging, Theft/Fire, Roadside Assistance
Total Premium (without taxes) - 18.5k
Net payable (including taxes & discounts) - 21.8k

3. ICICI Lombard (quote generated straight from their website)
IDV - Rs 16.5 Lacs
Add ons - Zero Dep, Engine Protect, Consumables, Key Replacement, Roadside Assistance
Net payable (including taxes & discounts) - 43.7k

4. Digit (quote from coverfox)
IDV - Rs 17 Lacs
Add ons - Zero Dep, Engine Protect, Consumables, Key Replacement,
Total Premium (without taxes) - 25.1k
Net payable (including taxes & discounts) - 29.6k

Considering the IDV and add-ons - Tata AIG is importantly cheaper. I wanted to get opinions from the knowledgeable folks present to recognize if determination are immoderate gotchas that I americium missing? I person utilized Tata AIG successful the past for my aged car and I did person hassles successful getting support for a assertion erstwhile but I besides had a mates of rather seamless assertion experiences arsenic well.

My archetypal penchant is Tata AIG and 2nd is Reliance arsenic it is suggested by the trader arsenic well. Any different insurers oregon immoderate suggestions you'd recomened?