AXA Insurance or Allianz Insurance?

[mfibre]

Hi all, I have called up both company for quotation. Price wise, Allianz is significantly cheaper - $378. AXA is $467 Both is 2nd party (or 3rd party, fire and theft) Question is, why the big difference in price and should i just go for the cheaper one? Thanks for reading!! For your info: Bike 125cc more then 1 yr riding experience No claim made during that 1 yr of riding. At the moment on AXA (expiring soon)

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[prego08220]

Used Alliance few months back.. Not bad.. Refund of remaining premium within 1 month.. But for accident claim not sure.. Never tio b4..

[ktm_edmund]

bro don take axa la cos bought axa and my bike was stolen and i called them up end of the day they will only tell you to wait and no news for my claim... good luck on your decision

[Stardust83]

bro don take axa la cos bought axa and my bike was stolen and i called them up end of the day they will only tell you to wait and no news for my claim... good luck on your decision

haha,can verify with my bro here....wait till so long still no news...wait liao also sian !

[mfibre]

wah. then how come pay more for this AXA..it should have better service or even more coverage right...?

[nightmar3]

axa got higher premium basically. i just renewed with axa cuz they quote me alot alot alot cheaper than mitsui and NTUC.
Does more premium means more coverage? i dun think so..

gd luck on ur decision!

[mfibre]

Then why not go for Allianz since its cheaper?
I got a quotation from NTUC.. its more than $1000 !!!!!!! :O

[Kenix]

Ok i just checked 3rd party quote from various companies, basically i got all quotes around $250 for NTUC, Mitsui & AXA with 10% NCD. So I wanna ask, which company is better (currently under AXA)? Or should just get the cheapest 1...

[mfibre]

Ok i just checked 3rd party quote from various companies, basically i got all quotes around $250 for NTUC, Mitsui & AXA with 10% NCD. So I wanna ask, which company is better (currently under AXA)? Or should just get the cheapest 1...

Whats your riding experience? you above or below 26yrs old?
your bike CC?

How come so cheap for the ntuc?

[Kenix]

Ya leh, all quoted me about this price... I'm riding a wave with 2yrs exprience over 25 lor

[tanchunxun]

my 1st year insurance at ntuc. Can i transfer to other company on the 2rd year if other company give a cheaper price?

[mfibre]

Ya leh, all quoted me about this price... I'm riding a wave with 2yrs exprience over 25 lor

Ooo.. Then its your riding expeirence and age lor.. You lady rider?
probably thats why very cheap.

Mine is whopping $1000 plus!!!!

[mfibre]

my 1st year insurance at ntuc. Can i transfer to other company on the 2rd year if other company give a cheaper price?

Shouldnt be a problem. thats probably what im going to do also. Now using AXA..most likely going to go for allianz..

[compfused]

Ya leh, all quoted me about this price... I'm riding a wave with 2yrs exprience over 25 lor

Third party only? NO FT? I get the same one but for a sportsbike..

Anyone knows where Allianz is located?

[PaLmEr]

Hi all,

I have called up both company for quotation.
Price wise, Allianz is significantly cheaper - $378.
AXA is $467

Both is 2nd party (or 3rd party, fire and theft)

Question is, why the big difference in price and should i just go for the cheaper one?

Thanks for reading!!


For your info:
Bike 125cc
more then 1 yr riding experience
No claim made during that 1 yr of riding.
At the moment on AXA (expiring soon)

Allianz is cheaper cuz when it comes to claims, if policyholder did not make a report that he/she was involved in an accident and the other party claims even with all the official documentation, the application is rejected. Was told by various sources that they are the only company that practices that. (was involved in one who is an Allianz policyholder)

[Kenix]

Third party only? NO FT? I get the same one but for a sportsbike..

Haha that's a good deal heh I bought 3rd part last yr as well for my 2nd hand wave which was about 300+ so basically my premiums remains somehow about the same or slightly cheaper. Whatever it is just wanna settle it soon...

[compfused]

Haha that's a good deal heh I bought 3rd part last yr as well for my 2nd hand wave which was about 300+ so basically my premiums remains somehow about the same or slightly cheaper. Whatever it is just wanna settle it soon...

Better settle it as soon as possible..One less thing to keep thinkin about is always better..

Maybe just stick to AXA then..You're not experiencin any problems with them whatsoever right now are you?

[mfibre]

Allianz is cheaper cuz when it comes to claims, if policyholder did not make a report that he/she was involved in an accident and the other party claims even with all the official documentation, the application is rejected. Was told by various sources that they are the only company that practices that. (was involved in one who is an Allianz policyholder)

Hmm.. So how will this be to the disadvantage of Allianz policyholder? (im another potential allianz policyholder)

Let me rephrase:
So, party B who wants to claim insurance from party A who is an Allianz policyholder will need party A to report to his own insurance company also?
Else, despite official documentation, party B's report will be rejected by allianz.
Did i comprehend you right?

[PaLmEr]

Hmm.. So how will this be to the disadvantage of Allianz policyholder? (im another potential allianz policyholder)

Let me rephrase:
So, party B who wants to claim insurance from party A who is an Allianz policyholder will need party A to report to his own insurance company also?
Else, despite official documentation, party B's report will be rejected by allianz.
Did i comprehend you right?

yes. that is correct.

[toofaz]

Allianz is cheaper cuz when it comes to claims, if policyholder did not make a report that he/she was involved in an accident and the other party claims even with all the official documentation, the application is rejected. Was told by various sources that they are the only company that practices that. (was involved in one who is an Allianz policyholder)

tats cool way of doing business...hit anything u like yet the other party cant claim u if u never report...cool very cool...

[compfused]

yes. that is correct.

So its to the advantage of the policyholder not the other party..Right?

[Yatz86]

wahh like dat just buy allianz..cheap2

[paiseh]

I cancelled one of my insurance policy with AXA on 26th Nov 2007. till now haven got back my rebate which should be around $150.

[mfibre]

Wah.. i see. so good. Think today i going to buy allianz insurance already. :O

[roseonfire]

bro don take axa la cos bought axa and my bike was stolen and i called them up end of the day they will only tell you to wait and no news for my claim... good luck on your decision

serious ar? im using axa for my current bike.. till nw nv get any letter or anythin frm dem..haiz.. i tink wen time to renew im gonna change to mitsui again or wat la.

[contrarian]

I cancelled one of my insurance policy with AXA on 26th Nov 2007. till now haven got back my rebate which should be around $150.

Give them a call to see if yours is being processed or not.
My policy was cancelled 21 Dec 2007, I got my refund in Feb 2008.

[mfibre]

Give them a call to see if yours is being processed or not.
My policy was cancelled 21 Dec 2007, I got my refund in Feb 2008.

How is the refund like? is it proportional to the number of months to how much you pay during the insurance purchase?

[leong77]

Dear all,

I have tried all four companies. Basically, I still prefer Mitsui. I used to renew with their Beach road branch. They do have the best service compared with others.

AXA take more than 6 months to give me policy and very bad service.

Allianz has the worst of the worst service. Moreover, they have so many restrictions in their policy not to our favour.

NTUC is pretty ok but my friends have bad experiences with some claim issue. Service pretty ok.

So, cheap does not mean good service. I still continue with Mitsui even though i pay more. At least they give me better service and advices.

[mfibre]

Dear all,

I have tried all four companies. Basically, I still prefer Mitsui. I used to renew with their Beach road branch. They do have the best service compared with others.

AXA take more than 6 months to give me policy and very bad service.

Allianz has the worst of the worst service. Moreover, they have so many restrictions in their policy not to our favour.

NTUC is pretty ok but my friends have bad experiences with some claim issue. Service pretty ok.

So, cheap does not mean good service. I still continue with Mitsui even though i pay more. At least they give me better service and advices.

wah!
Allianz very bad service? i expect bad, but not very bad. Could you share some experience? what kind of policy not to our favour?

[contrarian]

How is the refund like? is it proportional to the number of months to how much you pay during the insurance purchase?

No insurer gives a proportional cash refund if you give them notice to cancel early.
Read the policy to find your answer on what each insurer promises.

[paiseh]

Give them a call to see if yours is being processed or not.
My policy was cancelled 21 Dec 2007, I got my refund in Feb 2008.

I was told that it was processed after a week it was cancelled. I have called them 4 times since and the last call made was on monday this week.

[sICkbOi-dOt-cOm]

Allianz Is A NO NO ... Bad Experience From Them...

[paiseh]

Situation:

My insurance with AXA cost me $220 with 20% NCD. I cancelled my insurance with the bikeshop after 4 months of usage on the 26th Nov 2007. Just only 9th April 2008 i received my refunded amount of $59 after more than 10 calls made to the bikeshop and AXA.

can anyone wanna check the math for me? Should I just receive $59 or more should be refunded? I suspect the insurance was not cancelled on 26th nov 2007 and was dragged a further few months which resulted in lower refunded amount and also late refund payment.

$220 / 12months = $18.33 / month
i used for 4 months = $17.33
Left over amount for insurance = $220 - $73.33 = $146.66
Assuming 75% refund amount = 0.75 * $146.66 = $110
So i should get back $110?



P/S: I am just glad that they refunded me. i am also not free to dig out the truth and everything to get back the extra $50 or so should there be any, not worth my time

[paiseh]

My experience with NTUC was the best. Fast, efficient and great service at rochor road branch.

But its more expensive. for road bikes, more expensive by $100+ according to my experience. for scooters and sportsbikes, they are cheaper (some insurance companies dun cover sportsbikes anyway).

[bladeboy]

yap NTUC Fast, efficient call 2 cancelled oso can

[YEN96]

AXA cheap but very slow la...my insurance early December start until now haven mail me original cert

[contrarian]

Situation:

My insurance with AXA cost me $220 with 20% NCD. I cancelled my insurance with the bikeshop after 4 months of usage on the 26th Nov 2007. Just only 9th April 2008 i received my refunded amount of $59 after more than 10 calls made to the bikeshop and AXA.

can anyone wanna check the math for me? Should I just receive $59 or more should be refunded? I suspect the insurance was not cancelled on 26th nov 2007 and was dragged a further few months which resulted in lower refunded amount and also late refund payment.

$220 / 12months = $18.33 / month
i used for 4 months = $17.33
Left over amount for insurance = $220 - $73.33 = $146.66
Assuming 75% refund amount = 0.75 * $146.66 = $110
So i should get back $110?

AXA's refund is based on a short-rate table, which they can show you if you visit the Upper Thomson Road office.

It doesn't work like a proportional calculation. Instead, it's a table that shows if you cancel with 11, 10, 9... months remaining, what's the multiple for the refund.

[StecIII]

AXA's refund is based on a short-rate table, which they can show you if you visit the Upper Thomson Road office.

It doesn't work like a proportional calculation. Instead, it's a table that shows if you cancel with 11, 10, 9... months remaining, what's the multiple for the refund.

Hi, do you haf the exact address? I wish to buy insurance from them

[contrarian]

Anda Insurance, underwriting agents for AXA Insurance

Address: 215-S Upper Thomson Road Singapore 574349
Telephone : 6554 2288

[paiseh]

AXA's refund is based on a short-rate table, which they can show you if you visit the Upper Thomson Road office.

It doesn't work like a proportional calculation. Instead, it's a table that shows if you cancel with 11, 10, 9... months remaining, what's the multiple for the refund.

Ic thanks for the explanation. But still, i suspect something is still wrong with my refunded amt. probably will go down haf a look if im free or when im getting my next bike

[nando]

AXA sux la..
same goes fer others..
NTUC better.

[alexloyx]

My policy with allianz waited for 1/2 a year still no news!! i think my money went down the drain already.... lol

[alexloyx]

wat i mean is the refund part when i cancel the insurance

[assault_ex]

Do Not Take Up Allience... I Have Been Waiting 5mth For My Refund... Still Waiting..

[xwei54]

what is the number and address for allianz?

[-sOnG-]

those who keep reporting of bad allianz experiences , care to share them ? Anyway my insurance was from allianz ..

Allianz Address: 3 Temasek Avenue #09-01 S' 039190
Phone 62972529

[YyuAnN]

i guess get NTUC best la. lol

[Giles-Damien]

i think allianz is quite new for bike insurance... coz i ask alot of my fren n they say neva heard of that... so think think it jus part of their marketing to attract more customers... i also jus renew my insurance with allianz perviously from AXA... it's like 50+ buck different...

[LoudnessFz]

does allianz take up riders age below 20?im 19

[Giles-Damien]

does allianz take up riders age below 20?im 19

i think they will... try calling them... 62816520... they are at 6 defu lane 4...