A letter to Insurance company for reduction in the insurance rate

A letter to Insurance company for reduction in the insurance rate

Pearl Rubber Industries,
10, Industrial Estate,
Ambala.
Our Ref : PRI/246/E
Your Ref : NILC/15/7-2 of March 15, 2019
The Manager,
New India Insurance Company,
Prem Nagar Branch,
Ambala
Dear Sirs,
Reg. : REDUCTION IN INSURANCE RATES
We are pleased to receive the rate of insurance quoted by you for the insurance of our premises at the above address against theft and fire.
However, we regret that the rates quoted by you are not competitive. The rate of 15 paise per cent quoted by you are not satisfactory. We don't find justifica¬tion in these rates as other companies are prepared to cover at 10 paise per cent to cover our business premises. As a matter of fact we are still holding insurance cover at this rate. We wish to insure with you because we are interested in distributing the risk over various companies.

If you are willing to reduce your rate to 10 paise per cent we might request you for a insurance cover of rupees 2 lakh. Therefore, we shall highly appreciate your expeditious reply about our proposal.
Thanking you,
Yours faithfully,
for Pearl Rubber Indusries
Manager