It has been over sixteen years since the joint collaboration of TATA AIG General Insurance Company Limited in January 22, 2001. The collaboration is a joint venture with global insurance leader AIG, an American conglomerate.
Since the time of inception TATA AIG has been steadily introducing innovative insurance products so as to provide a complete spectrum of insurance services to its customers under consumer as well as commercial verticals.
At present the company has152 branches spread all over the country, with a current workforce strength of 2833. The company has entered into partnership with Banks, Non Banking Financial Corporations and Housing and Finance Corporations. Its products have also been made available through agents and brokers; It has more than 10, 300 authorized agents and 345 authorized brokers and the products team comprises of more than 400 product experts and the customer service team comprises of more than 450 customer service staff. It has also provided a robust digital platform to enable online distribution of its products.
It is very necessary to exercise caution while selecting your insurance partners. TATA AIG insures that the policy holders are able to put their minds at rest and in case of emergencies get immediate assistance.
The key usp of the company includes:
A renowned, authorized company
All India presence
Financially sound company
Years of trustworthy performance
Prioritize claim settlements
Provide round the clock emergency assistance
Incurred claim ratio is a healthy 75.63%
Claim settlement period is one week
Cashless claim settlement process
Online, swift services
Disclosures are transparent
Tata AIG Motor Insurance plan takes into consideration the conventional risks as well as non conventional risks associated with automobiles.
Under the Motor vehicle act it is imperative for the vehicle owner to avail minimum third party insurance cover.
Most third party insurance covers do not provide a total motor insurance cover. Third party insurance covers only insure against third part physical and property damage but personal and vehicle insurance covers are not provided under third party liability cover. Hence the company has introduced a comprehensive motor insurance plan that takes care of all concerns under one cover.
Comprehensive motor cover
Comprehensive personal cover
Comprehensive third party cover
Flexibility to choose from 12 additional risk covers
Flexibility to choose from 12 additional risk covers
Cashless settlements at networked garages
Reimbursement claim settlement within one week
Claim free policy periods accumulate no claims benefit
Cover for on road emergencies
Vehicle repair cover due to accident has six months validity
Third party cover up to Rs 7.5 lakhs
Driver and pinion cover
No pickup charges for personal/commercial car
Salvage value is not deducted while calculating premiums for cover value
Repair claim for glass/fiber/plastic/rubber parts does not reduce no claim benefits
Company provides vehicle cover for the following risks:
Damage due to catching fire
Damage due to explosion
Damage due to ignition
Damage due to struck by lightening
Theft of vehicle
Damage due to riots/strikes
Damage due to natural calamities like earthquake, floods, cyclone
Damage due to accident from external causes
Damage due to terrorist and other malicious acts
Damage during transporting vehicle in another vehicle (waterways, roadways, airways, lifts).
Damage due to landslide/road slide
The insured declared value is the value of the vehicle declared in our motor policy and this is considered to be the sum assured for vehicle cover. The IDV is based on the listed price of the vehicle as provided by the manufacturer at the start of insurance policy or at the time of policy renewal after making adjustments for applicable depreciation. Depreciation is calculated as per the age wise schedule of depreciation.
If third party injury or loss results from use of insured vehicle then such injuries and losses are covered within prescribed limits under the policy and included in these are:
Physical injury or death of third party
Damage to third party property
If the policy holder suffers injury or death due to accident or damage of the vehicle as per conditions covered under the policy, then the company provides personal cover for policy holder as well as driver for such situations which include:
Personal cover for permanent and partial disability
Personal cover for death
Tata AIG has cashless settlement and reimbursement claims procedure. If policy holder’s vehicle is repaired in any of its networked garages, then the claims are settled directly with the garage authorities. If the vehicle has been repaired elsewhere, then policy holder can claim for expenses covered by the policy by submitting the repair bills and claim form and documents.
Policy holders need to report emergencies and accidents immediately or as soon as is possible for them after having attended to self and others care. Unnecessary and unexplained delays in reporting incidents may lead to cancellation of claims.
In order to get timely assistance, policy holders must ensure that he/she is always ready with the following:
A copy of policy document is always kept inside the vehicle
FIR copy of incident for which claim is raised
Vehicle registration number
Self identity proofs
Contact numbers of our offices/Our toll free numbers
It has been designed to give you the extra assurance and peace of mind apart from the basic coverage, such as coverage against damage, theft etc that you will get under this. That's not all, through our 12 exclusive add on covers, you can improve your standard car insurance policy.
Tata AIG offers you a comprehensive two wheeler insurance cover, which covers you for the liability that may occur out of the Third party and against the loss or damage to your own two-wheeler.
This plan allows second-hand car users to get the benefits of car insurance easily. They will get all the coverage that the company provides in basic car insurance plan.
This plan provides complete protection against partial loss & total loss arising out of accident, fire & allied perils, burglary & theft, riots and strikes, damage in transit by air, rail, road and sea.