Maruti Esteem Insurance

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Maruti Esteem Insurance

If we need to apply the adage "old is gold," the first name that comes to mind is Maruti Esteem. Maruti introduced this model in 1994, and it is one of many four-wheelers in the Maruti lineup that have seen tremendous success. Esteem was well-known among car enthusiasts for its high mileage, stylish appearance, spacious interior, and durability. Unfortunately, the company ceased its production in 2008. However, you can still find this classy model running on the road and giving tough competition to high-tech cars.

Since Esteem is not available in a showroom, one issue its owners face is the availability of spare parts and the high cost of repairs. If this car is damaged in an unfortunate event, repairing it will cost you money. As a result, it is best to protect it with comprehensive car insurance.

Maruti Suzuki Esteem insurance protects against damage caused by fire, riots, vandalism, tsunami, earthquakes, flood, and so on. It compensates up to the insured declared value (IDV) in the event of theft or irreparable damage.

Maruti Esteem Insurance Renewal/Buy via Tata AIG

Maruti's Esteem is one of the most elegant vehicles it has ever produced. But, since it was discontinued over a decade ago, it carries many risks, including breakdowns in the middle of a journey, engine failure, and many others. You can avoid these scenarios by getting car insurance. Furthermore, insurance (third-party coverage) is now mandatory by law, and driving without it can result in a hefty fine.

If you are unsure about the renewal or purchasing process, follow the steps below, and you will get an instant renewal with Tata AIG.

  • Visit Tata AIG's website and click on the Maruti Esteem car insurance page.
  • You will now see two options– "Get Price" and "Renew."
  • If this is your first time purchasing from AIG, select "Get Price." On the next page, you must enter the Esteem registration number and click the "Get Price" button.
  • If your AIG policy is about to expire, tap the "Renew" button, enter your registration number on the displayed page, and then tap the "Renew" button.
  • Now, complete your insurance application with the necessary information.
  • Figure out the IDV for your Esteem using a calculator or a mathematical formula. Input the arrival figure by selecting it from the drop-down menu.
  • Mention the details of previous claims (if any). In the event of no claim submissions, use the accumulated No Claim Bonus (NCB) to receive a premium discount of up to 50%.
  • In the next step, alongside seeing the premium amount, you can choose to boost the coverage by paying extra for riders.
  • Finally, choose one of several digital payment options to complete the transaction.

As soon as the payment is received, Tata AIG will acknowledge it by sending a policy softcopy to your mailing address. If you do not find the online method convenient, you can go to the nearest Tata AIG branch in your city and purchase the Esteem insurance there. You can also buy from AIG's registered agent. However, the online mode is less expensive because of the non-involvement of an agent who earns a commission on your premium.

Maruti Esteem Insurance Price – Your Premium Amount

Motor insurers offer three products in the four-wheeler insurance category. These are third-party liability coverage, own damage (OD) coverage, and comprehensive insurance. The first is mandatory by law, but it only covers damage (bodily or property) to people other than those sitting inside the insured car. OD coverage is available only if you have valid third-party liability insurance. The last one has components of both OD and third-party cover and provides complete protection in the event of a road tragedy.

The Insurance Regulatory Development Authority of India (IRDAI) determines the cost of third-party coverage/portion in insurance on the basis of the car’s engine cubic capacity. The insurer has the authority to fix the price for the car's own damage cover only. The cost of OD coverage varies by the policyholder and is determined by the make and model, manufacturing year, place of registration, and IDV.

For your information, IDV is nothing but your car's present market value. It is the maximum amount of compensation you will get from the insurance provider in the event of theft or irreparable damage.

You can calculate the IDV using our car insurance premium calculator.

Add-ons for Maruti Esteem Insurance by Tata AIG

Add-ons are additional coverage available by paying an extra premium. People need add-on coverage because certain scenarios may fall outside the scope of standard insurance. For example, if your engine fails, you will only receive claim assistance if you have the engine protection add-on. But remember, add-on cover is only available for comprehensive car insurance or to supplement OD coverage. Tata AIG allows you to increase Esteem insurance coverage by selecting from a wide range of riders.

  • Roadside assistance cover
  • Add-on for No Claim Bonus protection
  • Daily allowance cover
  • Key replacement cover
  • Add-on for emergency hotel expenses and transport
  • Add-on for repairs of plastic, glass, and fibre parts
  • Engine secure cover
  • Tyre secure cover
  • Add-on for consumables expenses
  • Rider for loss of personal belongings
  • Return to invoice cover
  • Zero depreciation cover

Things Covered and Not Covered under Tata AIG’s Maruti Suzuki Esteem Insurance

Maruti insurance coverage varies depending on the provider. The availability of add-ons, the claim process, the eligibility requirements, and the premium amount vary. However, when comparing insurers, you must consider the scope of coverage into account. Carefully read the policy wording fine print to see the inclusions and exclusions of each insurer. Here are the specifics for Tata AIG, detailing the inclusions and exclusions.

<td>If the insured four-wheeler operates outside the mentioned geographical location, i.e., India.</td>

<td>The comprehensive or own-damage car insurance plans offer you coverage against the losses caused due to man-made disasters like attacks, strikes, riots, etc.</td>
    <td>Losses or damage incurred while driving under drugs or alcohol influence.</td>
<td>Comprehensive car insurance or own-damage car insurance plans offer coverage against damages caused due to fire resulting from self-ignition, lightning, explosions, etc. </td>
<td>Wear and tear of the four-wheeler due to daily wear and tear and depreciation.</td>
Things Covered under Maruti Suzuki Esteem Insurance Things Not Covered under Maruti Suzuki Esteem Insurance
With comprehensive car insurance plans, Tata AIG will reimburse the IDV of the total market value of your four-wheeler in case of damage beyond repair due to accidents or if stolen. Damages and losses a car suffers while driving without a proper and valid licence.
With a standalone own-damage policy or a comprehensive car insurance plan, Tata AIG offers you financial protection against losses and damages incurred due to natural disasters like cyclones, floods, earthquakes, frosts, rainfalls, etc
Often you need to relocate your car from one location to another using airways, roadways, railways, or waterways. It might damage your vehicle in the transit process. Comprehensive car insurance covers damages caused to the insured vehicle during car transit. Damages and losses incurred due to the driver's negligence.
A comprehensive car insurance plan and third-party car insurance offer coverage for third-party liabilities. Third-party liability covers bodily damages of a third party and damages to third-party property by the insured four-wheeler. Utilising a private four-wheeler for commercial purposes.

Why Should You Consider Tata AIG for Your Maruti Suzuki Esteem Car Insurance?

Maruti Suzuki's Esteem was phased out over a decade ago. As a result, many insurers do not cover this model. Even if your Esteem is in good working order, you will have a tough time locating a motor insurer. This is the first area where Tata AIG excels because it provides comprehensive coverage for this vehicle. Other reasons to select AIG as your insurance partner are listed below.

  • Tata AIG needs no introduction in the motor insurance segment. It has reached a significant milestone by bringing a smile to over five crore happy faces as a group. Tata AIG is still working hard to provide its services in underserved areas by expanding its customer service team.
  • AIG's claim settlement process is the smoothest of all, as evidenced by its 98% claim settlement ratio. In order to expedite the process even further, the company employs a claim support team of 650 people.
  • You can broaden your coverage by selecting any or all of the twelve riders available. However, the recommendation is to choose one that meets your needs while avoiding any unnecessary premium burden.
  • Improve your driving skills and start following road safety rules. It will assist you in avoiding situations that require you to file a claim. It further allows you to earn NCB, which aids in premium reduction.
  • No matter in which part of the country your Esteem is damaged, you can choose from over 8700 garages and have the repair completed for free.

Overview - Maruti Suzuki Esteem Model

Maruti Suzuki 800 and Esteem are the two popular cars that people still remember. The latter is a five-seater and was meticulously designed to serve the needs of the elite class. The first generation Esteem is powered by a 1.3L naturally aspirated engine. It had a power output of 65hp and a maximum torque of 90Nm. The Esteem was initially available with a four-speed manual transmission, but Maruti later upgraded this to a five-seater annual transmission.

Here is a quick overview of the second-generation Esteem (petrol variant).

  • Users reported a mileage of 15.9 km/l.
  • Engine displacement size of 1298 cc
  • Maximum torque of 110 Nm @ 4500 rpm
  • Maximum power of 85 PS @ 6000 rpm
  • Ground clearance of 170 mm
  • Fuel tank capacity of 40L

Maruti Suzuki Esteem Price in India and its Variants

When Maruti stopped producing the Esteem in 2008, it was available in three different versions and six different colour options. Icy Blue Metallic, Pearl Silver Metallic, Midnight Black Metallic, Superior White, Silky Silver Metallic, and Fawn Mist Metallic are among them. The base model cost ₹4,44,000 on the market, and the top variant's last known price was ₹5,17,000. However, the price will be much lower if you buy this car now from the pre-owned car market.

Variant Price
Esteem LX BS-III ₹4,44,000
Esteem LXi BS-III ₹4,82,000
Esteem VXi BS-III ₹5,17,000

Maruti Suzuki Esteem Top Features

When Esteem was first introduced, it was thought to be ahead of its competitors. The company stakes its marketing on the following features.

  • Esteem has a climate control feature with side AC vents located on the doors. There were also power windows available only in the top variant.
  • In terms of smart features of that time, it has 2-Din space available for a music system. Few of its variants come with a Sony system with a default FM-Radio and a cassette player.
  • In terms of safety, you will only find seat belts with pretensioners.

Rivals of Maruti Suzuki Esteem

This model has been discontinued for fourteen years. And because of technological advancements and a shift in customer preference toward electric vehicles, identifying Esteem's exact competitor is impossible. If you need a replacement, the models listed below may be an option.

  • Renault Kwid
  • Maruti Suzuki Alto K10
  • Maruti Suzuki S-Presso
  • Hyundai Santro
  • Tata Tiago
  • Maruti Suzuki Celerio
  • Maruti Suzuki Wagon R
  • Maruti Suzuki Eeco
  • Maruti Suzuki Ignis
  • Maruti Suzuki Alto 800

Disclaimer / TnC

Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.

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How can I raise my Maruti Suzuki Esteem insurance claim?

How can I raise my Maruti Suzuki Esteem insurance claim?


Every insurer has different requirements and procedures for raising a claim. But if Tata AIG insures your vehicle, you will receive funds in your account in four simple steps. These are.

  • Visit Tata AIG's official website and go to the motor insurance section to complete the claim form with relevant information such as FIR details (required in case of theft/accident), car details, and policy number.
  • After receiving your claim request, AIG assigns a surveyor to review the extent and nature of loss or damage.
  • Post-survey, you can take your Esteem to the nearby service centre to get the faults or damage fixed.
  • Lastly, Tata AIG's claim executive will review the surveyor's report and your claim application.

The settlement process differs for cashless and reimbursement claims. In case of a reimbursement claim, the bills will be settled into your registered account in 4-5 business days. In the case of a cashless one, you can receive free repair services, and the insurer will pay the bill directly to the garage owner's account.

What factors affect Maruti Suzuki Insurance price?


Your Maruti Esteem premium relies upon the factors that raise the chances of filing a claim and also have the potential to increase the claim amount. Here are the details.

  • Manufacturing year
  • Model and variant
  • Sum-insured amount
  • Place of registration
  • Voluntary deductible amount
  • Number of add-ons purchased
  • Mode of insurance renewal/purchase