Two observations I had recently…
A few days ago, I was checking car insurance premium of a 16 year old car – 1100cc – hatchback. Previous policy was from Digit Insurance. Quotes given to me (direct purchase on website of the insurers): Digit: 4500+ (OD + TP), Acko – 2500 (didnt offer OD maybe due to age of the car). ICICIGI – 3000 (OD + TP). Ended up purchasing from ICICIGI. Experience was smooth and in a few clicks policy was sent over email. Had a few queries. Contacted customer care. Smooth experience so far with customer care too.
Also, I compared premium for a comprehensive cover of a few other car models recently purchased by my friends. I see the zero dep premiums to be 10-15% higher than Acko (which in my observation is the lowest premium player in the motor market).
Q3FY23 results show good growth in health segment. Auto is still flat but given above, I am optimistic for Auto growth to come in.
Disc: Invested.
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