Bajaj Allianz offers 5% rebate on motor insurance premium for ladies

[Lethal]

Bajaj Allianz is offering women a 5% discount in motor insurance premium after a study of auto claims revealed that a proportion of claims by women car owners is relatively low. The company is also offering a similar discount to government employees and teachers.

The present discounts are not a part of an underwriting-based pricing but a promotional exercise. However, from April 2010, Bajaj Allianz will upgrade its online rating engine to offer discounts based on among other things — parking facilities, where the car is driven, and the age of the owner.
Source = economictimes.com (http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/Bajaj-Allianz-offers-5-rebate-on-motor-insurance-premium-for-ladies/articleshow/5438877.cms)

[PolicyWala]

They are following UK model in India. There is a seprate insurance provider - Sheila Wheels (sheilaswheels.com) car insurance, designed for women.

[Rahul]

proportion of claims by women car owners is relatively low. I don't agree with this. Only women in metros and mini metros are driving cars. But claims generally filed by their husband, so may be thats the reason of low claim ratio.