Dear Members, Now a days there is flood of advertisements by Automobile companies offering free insurance. Even there is an advertisement which offers free insurance for 3 years.
1. One of the condition for any product to be covered for insurance is payment of premium. Hence there is no term like free insurance.
2. I have every reason to believe that the prices are build up with insurance premium and offered to buyer as free insurance.
3. The companies are offering such insurance through private insurer.
4. If the prices are build up with insurance premium and offered you as free insurance, the buyer does not have any choice to subscribe the insurance policy with the company of buyer's choice..
5. Now when the buyer is being offered free insurance, most of the buyer are to forego the no claim bonus arising out of their previous policies. This would make buyer at a loss in the long run say after 2-3 years.
The advertisement is misleading as the customer is being misled by offering something free which is not a fact. Those buyers who are selling their old vehicles and intend to buy new vehicle should as dealers to offer discount equivalent to that of insurance premium. The buyers in such cases, subscribe the policy for new vehicle with No claim Bonus.

More we can discuss in the forum on any query. Regards more  

View all 7 comments Below 7 comments
Thanks to Mr Mittal for appreciating comments more  
Thanks Ramesh Mittal Saheb for your support and positive comments. more  
THIS IS THE SPIRIT NEEDED FROM THIS CIRCLE.
HELP OTHERS WITHOUT EVEN ASKING.
VIRMANI JE- YOU HAVE BEEN SHARING AND ALERTING US BY YOUR KNOWLEDGE AND EXPERIENCE. THANKS A TON. more  
Virmani Sahib your post on consumer affairs are useful. more  
Thanks Mr. Virmani,very good post. Helpful. more  
Post a Comment

Related Posts

    • Onion Prices

      Big Basket is listing onion at 169 a kg in Delhi NCR. What the hell. The situation was supposed to get better by Dec 15. What happenned? Protests?

      By Sudesh Rai
      /
    • Service charges at restaurants

      Most customers remain ignorant of service charges as they do not carefully look at bills. Why should it not be mandatory for restaurants to display promptly if they are charging for services and i...

      By SUSHIL BHATIA
      /
    • Harassment by IGL

      IGL has incorrectly linked my father's mobile no. with 100+ BP nos. problem is that with each bill generation, each payment, each service message by IGL, all such SMSs are sent to my fathers mobile...

      By Ashish Jain
      /
    • Water bills in recognised colonies of Delhi

      I have been receiving water bills in the range of @ 2000/- per month and no bills are generated like it used to be 4 years ago Chits are dropped in letter boxes and lots of people in my colony...

      By Dr. Neelam Nath
      /
    • MRP Fraud by Taneja Jaquar East of Kailash

      This store in east of kailash believes in deleting original mrp and overwriting with hand. He cheats customers like this. Legal metrology should raid them immediately and jaquar should s...

      By Azam Yusuf
      /
    • BSES staff is not supporting reduction of my electricity load

      BSES staff is not doing support to reduction of my electricity load, as of now i have to pay fix charges of 5 kw which is unfair. past 9 months. firstly tols that you can change name in ur bi...

      By Vivek Gupta
      /
    • PNB charges regularly anual charge while ATM DATE IS EXPIRED FROM 4YEARS

      my father account is in Punjab NATIONAL BANK, our ATM card is expired on 2015 and never reissued by bank. when i check my passbok then found bank is charging Rupee 117 annual charge for every year....

      By Vivek Gupta
      /
    • Tatasky is cheating viewers

      I agree with consumer of Tatasky. The revised tariff and grouping of channels have been done with a view to cheat viewers. I am surprised at TRAI's silence. Is the new regulation meant to benefit t...

      By Ranjit Datta
      /
    • Spice jet fleecing

      Delhi - Prayag air fare on 14th feb is 18000.00. What a crook . Exploitation on the occasion of kumbh . Why govt don’t take action . No concession for senior citizens

      By Rajeev Bhargava
      /
    • Uber Taxi and Drivers

      I booked Uber Taxi on 25th Dec.2018 near Nirmal Tower,Barakhamba Road,New Delhi. The driver confirmed on my mobile that reaching shortly. After waiting 15minutes, the drive cancelled the trip and U...

      By T D Bhatia
      /
    • UBER TAXI

      CAN ANY ONE TELL ME HOW TO TALK TO UBER CUSTOMER CARE. HOW THEY ARE CHARGING THE FARE FOR INTERCITY TRIPS. THE PRICE MENTIONED IS NOT CLEAR WHETHER IT IS RETURN OR SINGLE. THE PRICE CHARGED IS RS.3...

      By D K GUPTA
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)