Tata AIG Fraud Company — Fraud & Cheating TATA AIG & Miss Selling of Car Insurance Policy

Address:

Mumbai City, Maharashtra

Hello,

Greetings !

I am writing to inform all friends to beware of TATA AIG which is a fraud company and ruined my car VW Polo.

I was given a quote by a TATA AIG company representative which is given below :

(Tata Aig general Insurance co ltd
Customer Name:
Vehicle No :Mumbai
Make & Model:VW Polo
Year of Mft : 2010
Policy Expiry :
Comprehensive Policy .
Quotation of insurance premium.

Insured's Declared Value ( IDV VALUE ) Rs.
Basic value of the Vehicle I 4,60,000
OWN DAMAGE Calculate Rs.
Tariff Rating 3.283 15102
Special Discount % 24% 3624
After Special Discount 11477
No claim bonus % 0% 0
NET OD PREMIUM 11477
LIABILITY Rs
Basic Third party + Third party Property Damage 880
Unnamed Passengers - occupant 100
Owner - Driver 100
Paid driver 25
Total LIABILITY Premium 1105
Tata Aig - Pearl Plan / Ruby Plan 2509 (IMPORTANT TO NOTICE AS THIS POLICY MEANS ZERO DEP INSURANCE)
Net Premium (NET OD Premium + Total Liability Premium) 15091
15091
Add: Service tax @ 10.3% 10.3% 1554
Total Premium Payable 16646

Chq Will be Favour of " Tata Aig general Insurance Co ltd .)

But the policy which was issued is given below :

(Certificate & Policy No.: [protected] 00
Premium (incl.S.Tax) : Rs. 16,646.00
Date of Expiry : Midnight on 14/09/2012
Registration No: MH03AW2313
IDV of vehicle(Rs.) : 4,60,000.00
SCHEDULE OF PREMIUM
Premium on Vehicle and non electrical accessories Rs. 13,501.57
A. TOTAL OWN DAMAGE PREMIUM (rounded off) Rs. 13,502.00
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Basic Rs. 880.00
Add: Compulsory PA Cover for Owner-Driver Rs.2,00,000 Rs. 100.00
Add:Legal Liability to paid driver as per Endt. IMT 28 Rs. 25.00
Add:PA benefits as per Endt.IMT 16 No. of Passengers :
5 Capital benefits Rs. 40000.00 Rs. 100.00
B. TOTAL LIABILITY PREMIUM Rs. 1,105.00
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Add: Loss of personal belongings (Endt. TA09) Rs. 110.00
Add: Emergency transport and hotel expenses (Endt. TA10) Rs. 110.00
Add: Key Replacement (Sum Insured (SI) Rs. 25000.00,
per occurrence limit 50% of SI) (Endt. TA15) Rs. 265.00

C. TOTAL ADD ON PREMIUM Rs. 485.00
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COMPREHENSIVE PREMIUM ( A+B+C) Rs. 15,091.57
NET PREMIUM Rs. 15,091.57
Add : 10.30% Service Tax Rs. 1,554.43
TOTAL PREMIUM Rs. 16,646.00)

This is just an example of the fraud company TATA AIG as after buying the insurance I have now realized yesterday that the policy taken by me is not Zero Dep Insurance and I Paid Rs. 11000 approx out of Rs. 22000 of the total bill.

I would advise everybody to be aware of the Fraud TATA AIG and not buy any policy from them and avoid them totally.

I have lost a lot because of this fraud company and hence would like you all to beware.

Contact Number [protected]

Email reference : [protected]@hotmail.com

Balbir Singh Rayat