TATA AIG Personal Accident
TATA AIG Personal Accident
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TATA AIG Personal Accident Insurance

Tata AIG General Insurance Company Limited is an Indian general insurance company and a joint venture between the Tata Group and American International Group (AIG). Tata Group holds a 74% stake in the insurance venture with AIG holding the rest 26%. It has 152 branches and 10,238 licensed agents across the country. Tata AIG offers an extensive range of general insurance products covering different segments like home, motor, health, and travel.

With the rising accident cases in several Indian states, Tata AIG has introduced Personal Accident insurance, which offers financial security to you and your family members in case of injury or death caused by an accident.

Tata AIG Personal Accident Insurance Plans

Tata AIG Personal Accident insurance offers a financial shield to the policyholder and his/her family, which helps protect against treatment expenses of injuries or death caused by accidents.

Given below are the various types of Tata AIG Personal Accident Insurance policies. Let's check them out.

  1. Accident Guard Policy
  2. Accident Shield Policy
  3. Injury Guard Policy
  4. Secure Future Policy
  5. Maha Raksha- Personal Injury Policy
  6. Secured Income High Policy
  7. Income Guard Policy

1. Accident Guard Policy

Accident Guard Policy is a comprehensive insurance plan that offers coverage against bodily injuries, disability, or death arising out of accidents.

Features of Accident Guard Policy

Mentioned below are some of the important features of Tata AIG Accident Guard:

  • With lifelong renewability, the insurance plan offers the option to take a plan in multiple units of Rs.5 lakh to Rs.1 crore.
  • You can renew your policy within a grace period of 30 days.
  • For a claim-free policy tenure, the principal sum will increase by 5% (max up to 25%) every year.
  • The insurance company will reimburse transportation costs for family members if you meet with an accident.
  • If the insured has met with an accident during the policy period, the insurance company will allow hospital daily cash benefit up to Rs.5,000 or 0.5% of the sum insured whichever is lower.
  • You can avail reimbursement of air ambulance expenses up to Rs.5 lakh or actual incurred expenses, whichever is lower.

2. Accident Shield Policy

Accident Shield ensures financial protection to the insured's family members by paying the principal sum shown in the policy schedule resulting in loss of life of the insured. Also, compensation will be provided to the insured if any injury leads to disability that becomes permanent.

Features of Tata AIG Accident Shield Policy

Mentioned below are some of the important features of Tata AIG Accident Shield:

  • The insurance company will pay the sum insured for the child's education (under the education benefit) if the principal insured dies or suffers a permanent total disability.
  • If you pay all the premiums on time, you can avail of an option of lifelong renewal.
  • A grace period of 30 days is offered to renew the policy. However, no coverage will be offered in these 30 days.
  • You can get your premium refunded within 15 days of the evaluation period if you don't like the policy.

3. Injury Guard Policy

If an accident results in death or temporary total disability of the policyholder, the Injury Guard policy comes to the rescue. It offers the necessary financial support to the policyholder's family.

Features of Tata AIG Injury Guard Policy

Mentioned below are some of the important features of Tata AIG Injury Guard:

  • You are not required to give any medical examination to avail of the insurance policy.
  • You will be provided with the option to enhance the sum assured at the time of renewal.
  • The insurance policy offers lifelong renewability if premiums are paid on time.
  • You will be entitled to avail weekly benefit in event of continuous temporary total disability for the entire duration of the disability. 

4. Secured Future Policy

Secured Future Insurance plan offers a guaranteed monthly income to the insured/his family in case of injury or death caused by an accident.

Features of Tata AIG Secured Future Insurance Policy

Given below are some of the important features of Tata AIG Secured Future:

  • You can choose the amount of monthly income between Rs.10,000 and Rs.35,000 (for 5-20 years).
  • Enhance your sum assured at the time of renewal.
  • Worldwide coverage with no medical check-ups.
  • The insurance plan offers a grace period of 30 days for renewing the policy.

5. Maha Raksha-Personal Injury Policy

Maha Raksha-Personal Injury Policy compensates the insured for accidental injuries (fractures, dislocation, or burns). The plan also offers financial assistance to the insured's family members if an injury results in the loss of life of the insured.

Features of Maha Raksha-Personal Injury Policy

Mentioned below are some of the important features of Maha Raksha-Personal Injury:

  • The insurer will pay daily benefits (for each day) if you are hospitalized due to an injury.
  • There are no loading charges at the time of renewal of the policy.
  • You can avail of the option of lifetime renewal of the policy.

6. Secure Income High Policy

Secure Income High Policy offers coverage against dismemberment, accidental death, and permanent total loss of limbs resulting from an accident. As a part of the daily benefit, the plan offers a cover of a maximum of 5 days commencing from the 4th day of hospitalization.

Features of Tata AIG Secure Income High Policy

Mentioned below are some of the important features of Tata AIG Secured Income High Insurance:

  • After the initial lump sum benefit payout, the beneficiaries will enjoy regular monthly installments for the next 5 years.
  • 24x7 worldwide coverage.
  • Lifelong renewal option if the premium is paid without any break.
  • A grace period of 30 days for renewing the policy is offered under the policy.

7. Income Guard Policy

The Income Guard plan is designed to offer coverage for accidental dismemberment, accidental death, and permanent total loss of use. This plan offers an option to migrate to a similar personal insurance policy for dependents at the specified exit age.

Features of Tata AIG Income Guard Policy

Mentioned below are some of the important features of Tata AIG Income Guard insurance:

  • In case of accidental death, the insured's nominee will get the principal sum as applicable. 
  • If more than one loss results from one accident, only one amount (the largest) will be paid by the insurance company.
  • Policyholders can enhance their sum insured only at the time of the renewal.

How can I buy Tata AIG Personal Accident Insurance?

To buy Tata AIG Personal Accident Insurance, you have to visit the nearest branch of Tata AIG General Insurance. Ensure that you carry all the relevant documents at the branch. Ask for the customer representative at the branch and (s)he will guide you with further steps.

Claim Process

The Tata AIG claim settlement process is quite simple and easy. Follow the below-mentioned steps to file a claim online:

Step 1: Visit the official website of Tata AIG General Insurance.

Step 2: Click on 'Claims' and then on 'Click Here' given on the left side of the page.

Step 3: Enter your policy details, personal details and click 'Submit'

Step 4: Attach all the original documents and bills.

Step 5: The concerned authority will examine all the documents and ask for additional details (if required).

Step 6: If your claim gets approved, the claim amount will be transferred to the registered bank account.

Frequently Asked Questions

You can pay the premium via the following ways:

  • Cash payment at the branch
  • Online Payment
  • Credit Card/debit card payment
  • Net banking

Visit the official website of the company and click on the 'Claims' tab. On the left side of the page, tap on 'Click Here' to view the claim status. If you haven't registered yourself, you have to enter your mobile number and OTP. Then, enter the required information to complete the registration process. Once that is done, you can check the status of your claim.

Customers can call on toll-free number (1800-266-7780) or email at customersupport[at]tataig[dot]com to register their complaints/queries.

Last updated on 20-11-2020