TATA AIG General Insurance

TATA AIG insurance Company Overview

A joint venture between TATA group and the American International Group, AIG, TATA AIG General Insurance Company commenced its operations in January 2000 as it is celebrating 20 glorious years this year. Over the past two decades, the company has emerged as a very strong general insurance company and has made a name for itself in the Indian insurance market.

TATA AIG Insurance Company Offers

The TATA AIG Insurance Company offers various insurance products as mentioned below: 

1. TATA AIG Health Insurance
2. TATA AIG Travel Insurance
3. TATA AIG Car Insurance
4. TATA AIG Two-wheeler Insurance
5. TATA AIG Personal Accident Insurance
6. TATA AIG Home Insurance
7. TATA AIG Lifestyle Insurance
8. TATA AIG Private Client Insurance
9. TATA AIG Rural Insurance

Let us take a look at all the TATA AIG Insurance Products on details:

TATA AIG Car insurance Policy

TATA AIG Car insurance offers an umbrella of services. Along with third party liability, it also covers the damages that your car suffers. From buying the policy to making a claim, the client-friendly online portal is well-illustrated and makes customising a plan, a matter of a few clicks. The car insurance calculator helps you apply for a renewal and also get quotes that suit your insurance needs and your budget. 

Let us take a look at the different aspects of car insurance options:

• Third-party Liability Car Insurance Policy
  In an accident your car can cause damage or injury to a third-party or property, third-party liability insurance will cover all such costs. Having a third-party insurance policy is mandated by the Indian Motor Act.
• Standalone Own-Damage Car Insurance
  Standalone Own-Damage Insurance can be bought when you already have the third-party insurance. The damages to your car will be covered when your car gets damaged because of:
  • Accidents of external means
  • Thefts, riots, terrorist activity or vandalism
  • Self-ignition
  • Natural calamities such as earthquakes, floods, landslides etc
• Personal Accident Cover for Owner-Driver
  In case of physical harm to the insured person in the process of getting on or off from the insured car or while riding as a co-driver or while driving etc:
  • Death
  • Loss of limbs
  • Permanent disability
• Comprehensive Car Insurance
  Comprehensive car insurance is a combination of third-party and own-damage cover, so it not only covers the third-party damages but also covers the cost of repair of the damages that your car suffers. Being a comprehensive car insurance plan, it covers the legal requirements of having third-party insurance and offers a very wide scope of own-damage cover.
  The scope becomes all the wider as the add-ons increase it to a great extent, let us see how:

TATA AIG Health Insurance Policy

With the unabated rise in costs of healthcare, hospitalisation can be a costly affair. Just a day in the hospital can burn a big hole in the pocket. And with the ongoing COVID-19 scare, investing in a health insurance plan is the need of the hour. TATA AIG Health insurance plans are designed to cover a wide range of situations in the most affordable ways. Cashless claims in over 5,800 hospitals all over the country, help you focus on the treatment and not the treatment costs. 

Let us take a look at the various extensive yet easy-to-understand health insurance policies offered by TATA AIG: 

TATA AIG Two Wheeler Insurance Policy

When you need to surf the congested roads, a two-wheeler is surely the best solution. For many people, their bike is their lifeline. But with bikes, there is always a greater risk of accident, not just for the rider but also the bike. This makes having bike insurance an utmost necessity. When you have a bike, it is mandated by the law to have an insurance cover for it too, as when you ride it not only you, but the third-party is also threatened. 

With TATA AIG Two Wheeler Insurance Policy, you can address all your insurance needs, be it an online purchase, renewal or making a claim. You can also make use of the bike insurance calculator to get a fair idea of the premium that you would have to pay for a particular insurance policy. You can draw a comparison between the different kinds of policies and their rates and then decide what is most suitable for your bike. 

• Personal Accident Cover for Owner-Rider
  In case of physical harm to the insured person while riding
  • Death
  • Loss of limbs
  • Permanent disability
• Add-ons for extra Coverage
  • Depreciation allowance
  • Return to Invoice
  • Consumable Expenses
  • Emergency Medical expenses
  • Additional Personal Accident Cover to Owner Driver
  • Additional Third-Party Property Damage Cover
  • Additional Personal Accident Cover to Unarmed Persons

TATA AIG Personal Accident Insurance Policy

Life is unpredictable, and ups and downs are bound to affect everyone. Averting them is not possible, but with TATA AIG Personal Accident Insurance Policy, dealing with unexpected and untoward incidents becomes easy. There are various policies that can help you in managing the financial aspect of a crisis. 

TATA AIG Travel Insurance Policy

The reasons for travelling are many, work, education or a vacation, but unfortunately, things can go wrong too. Missing a flight, losing your belongings, getting unwell or getting injured in an unknown place can be physically and mentally tormenting. However, the right plan at the right time can prove to be very helpful in dealing with such situations.  Listed below are the advantages of these travel insurance plans:

• You can rest assured of a safe trip in over 190 countries across the globe
• No matter in what corner of the world you are, the 24X7 customer care representatives will always be there for your assistance
• These comprehensive plans that can offer a cover upto 5 lakh dollar are designed to suit your insurance needs and budget

TATA AIG offers four comprehensive travel insurance plans: 

TATA AIG Home Insurance Policy

Out of all the assets that one builds in his life, the house is probably the most prominent of all. And it is only natural that you would try very hard to keep your humble abode safe from all kinds of natural and man-made casualties. Home insurance from TATA AIG home insurance will cater to just about all your insurance needs.

Let us take a look at the key features style:

• Fire
• Explosions and Implosions
• Aircraft damages
• Riots or malicious damages
• Missile testing operations
• Bush Fire
• Any leakage that could be from automatic sprinkler installation
• Any overflow of the bursting of the water tank

The following optional covers can opt:

TATA AIG Private Client Insurance Policy

As you move forward in life, you raise your standard of living and gradually surround yourself with various luxuries and comforts. Along with these, are your family heirlooms, artefacts that are either acquired or are passed on from one generation to the other. It, therefore, becomes imperative to keep these irreplaceable assets safe. TATA AIG Private Client Insurance Policy recognises these needs and protects all your fine possessions. Benefits that you get:

• Risk management services
• 8 add-ons for your vehicle
• Alternate accommodation
• Client-Centric cover

TATA AIG Other Insurance Policy

There are various other kinds of insurance plans that are offered by TATA AIG that cater to almost all kinds of individual and business insurance needs. 

TATA AIG Insurance Premium Payment Process  

Payment of premium is done on the pre-fixed dates and generally on an annual basis. However, depending on the kind and type of insurance policy that you have opted for, your premium payments could be monthly/ quarterly/ half-yearly as well. Make sure you pay all your dues on time so that you can enjoy break-free protection.

For paying the premium, there are 2 methods:

1. Online Payment Process
   To pay the premium online, you simply need to visit the official website or click: https://www.tataaig.com. Select your insurance plan and make the payment through any of the electronic mediums such as:
   1. Credit cards
   2. Debit cards
   3. Net banking
   4. UPI Payments 
      
      Paying premium online is not only quick and convenient but also ensures the highest level of security.
2. Offline payment process
   You can also make the payment of premium by physically visiting the branch office and making the payment in person. Note that the premiums will be accepted through cheque/ Demand Draft or an electronic medium. Payment in cash is not accepted.

TATA AIG Insurance Renewal Process 

Renewal of your TATA AIG insurance is simple, just follow the steps given below:

• Online Renewal Process
  You can renew your existing policy by sitting in the comfort of your home. To renew your policy visit the official website, or click: https://www.tataaig.com. Enter your existing policy details and make the payment through any of the electronic mediums.
• Offline Renewal Process
  You can also renew your policy by physically visiting the branch office and making the payment in person. Note that the payment will be accepted through cheque/ Demand Draft or an electronic medium.

TATA AIG Expired Policy Renewal Process 

The best way to ensure that you are not without an insurance cover is that you get a renewal before the insurance lapses. You are given a 30-day Grace Period to get your plan renewed. After this period you would have to enter a new contract with the company. Note that a claim made during the grace period is not accepted. 

 Without a valid policy, you would not be eligible to make any claims and end up paying all the charges yourself. You also risk all the discounts and bonuses that may have been collected during the past claim-free years, if any. Renewing a policy, therefore, must always be a priority. 

• Car and Bike Insurance

To renew expired motor insurance, you would have to get in touch with the customer care and raise a request for a renewal. A surveyor from the company will come to assess the condition of your vehicle. Once you get an approval from the company, you can pay the premium and your policy would be renewed. You may have to produce the following documents:

• Govt authorised ID proof
• Copy of previous Insurance Policy papers
• Copy of the RC
• Driver’s License
• Health Insurance

The day your health insurance policy expires the grace period follows immediately. You must get your policy renewed during this 30-day period if you wish to continue enjoying the coverage benefits. If your policy has lapsed and you are still in the grace period, get in touch with the customer care and they would guide you on making the payment for the renewal. In some cases, medical screening may also be required. 

TATA AIG Insurance Claim Process

Making or tracking a claim with TATA AIG is easy, just go to the company website and click, ‘raise a Claim’. Or you can click https://www.tataaig.com/claims-process. You can also call 1800 266 7780 to speak to the claim experts who can guide you about the claim procedure. 

1. Car and Two-Wheeler Insurance
   When your car gets damaged and you need to make a claim, there are 2 ways in which it can be done:
   1. Cashless Claims
      At a network garage the company settles the bills directly. A company surveyor assesses the damages done and processes the claim accordingly.
   2. Reimbursement Claims
      At a non-network garage, your vehicle is assessed, but you pay for the repair yourself. Post repair you fill in the claim form and submit all the bills and receipt to claim reimbursement.
2. Health Insurance
   Health insurance can be claimed in the following ways:
   1. Cashless Claims
      At a network hospital, you would be eligible for a cashless claim. You would have to produce your Health Card and Photo ID Card at the hospital Help Desk. The agents would then process the authentication. The company would then settle the medical bills directly.
   2. Reimbursement Claims
      At a non-network hospital, you have to pay for the treatment cost up-front. Post hospitalisation, you can claim reimbursement. You would have to submit all treatment-related documents.

TATA AIG Insurance Company Profile

One of the most trusted names in India, TATA AIG insurance provides an array of general insurance products. With a robust distribution network of more than 22,000 agents, and over 390 licensed brokers the company has spread its wings all over the country. The workforce of 5,000 employees and claim experts the company promises to deliver superior service to all its customers.

TATA AIG has served over 5 crore customers since its inception, and the number increases by the minute. With an Incurred Claim Ratio of 78% in the Financial Year 2018-19, the company strives to work towards imparting high-end value to all its customers. Here are some advantages of investing in TATA AIG General Insurance plan:

• The company ensures that all insurance procedures are hassle-free and involve the least amount of paperwork
• You can avail tax benefits when you pay the premium of health insurance
• Cashless hospitalisation in over 3000 hospitals
• Efficient customer care that offers 24x7 assistance
• Easy to understand policies that are transparent and quick
• Pre-declared depreciation slabs for motor insurance
• Wide connectivity with over 5000 garages
• Portability is easy and convenient
• Self-explanatory online portal

TATA AIG Insurance Customer Care Details