Tata AIG General Insurance Company is a joint venture of the American International Group (AIG) and the Tata Group. Tata AIG General Insurance Company offers various insurance products under its motor insurance and other insurance categories. The company is well-known for its higher customer satisfaction rate, quick claim settlement, and fraud detection techniques.
With end–to–end services, the company is fanning out its business through various channels, such as brokers, agents, and banks, to direct servicing channels, such as e-commerce, telemarketing, and website, to ensure that their business is far-reaching.
|Features||Coverage and Benefits|
|Personal Accident Insurance||Up to Rs.15 Lakhs|
|No Claim Bonus||Yes|
Here are some features and benefits of the Tata AIG car insurance policy:
Tata AIG General Insurance Company offers three types of car insurance policies. These are:
The liability-only policy covers a policyholder against third-party liabilities, such as third-party property damage, injury or death of the third party, arising out of the insured car. The liability in respect to injury/death of the third party is unlimited, while for property damage, it is limited to up to Rs. 7.5 lakh under the policy.
The standalone own damage policy covers any loss or damage to the insured car due to road accidents, fire, theft, natural calamities, etc. This policy can be purchased if you have an existing third-party insurance and wish to extend coverage to your own car as well.
The comprehensive car insurance policy offers coverage to policyholders for own damages incurred by the insured car along with their accidental third-party liabilities. Damages arising out of events like road accidents, fire, and theft are covered under this policy.
Moreover, its coverage may be further enhanced by purchasing add-on covers for an additional premium amount.
By using the car insurance premium calculator, you can calculate the insurance premium for your car before purchasing your desired car insurance plan. Thus, it can help you know if your desired car plan fits within your budget.
The Zero Depreciation cover pays the depreciation amount deducted from the value of the replaced car parts in case of an own damage claim.
This cover can be availed only if the insured car is getting repaired at the network garage of the insurance company. However, this cover can be availed only on the first two claims raised by the policyholder during the policy tenure.
The Engine Secure cover will provide coverage for the engine of the insured car against any damages caused by water ingression or leakage of lubricating oil.
It will pay for the repair and replacement expenses of the internal engine parts, transmission, gearbox as well and differential assembly. Moreover, it will cover the cost of consumables and lubricating oil used in the assembly.
The Roadside Assistance cover will provide on-road assistance or repair services in case the insured car stops working in the middle of the road.
It will offer on-the-spot repair services as required by the car to start working again, such as flat tyre service, battery jump start service, etc.
The Daily Allowance cover will ensure that the policyholder is paid an allowance to cover the expenses incurred on a hired vehicle in case the insured car is getting repaired at a garage.
The insurer will pay an allowance for a maximum of 10-15 days, depending upon the cause of the car insurance claim. However, no allowance will be paid if the car gets repaired within three days.
The Return to Invoice cover helps a policyholder get the invoice value of the insured car in case of a theft or total loss claim.
It reimburses the difference in the amount between the car's invoice value and the car's insured declared value (IDV).
The No Claim Bonus Protection cover will enable the policyholder to maintain his/her NCB despite raising a claim during the previous policy year.
It protects the NCB of the car owner and prevents it from restoring to zero when a claim is raised. However, only one own damage claim is allowed in a policy year under this cover.
The Tyre Secure cover pays for any repair and replacement expenses arising out of any loss or damages caused to the tyres and tubes of the insured car in case of an accident.
Under this cover, the insurance company will pay for a maximum of four tyre replacements during a policy year.
The Consumable cover will pay for the cost of consumables that need to be replenished or replaced as a result of an accident of the insured car.
Consumables include engine oil, brake oil, lubricants, nuts & bolts, AC gas, etc., except for the fuel.
The Loss of Personal Belongings cover will pay for any loss or damages to the personal belongings of the car owner, such as clothes, audiotapes, CDS, videotapes, and other items to be worn.
This add-on cover comes with a deductible of Rs. 250 on every claim.
The Emergency Transport & Hotel Expenses cover will pay for the cost of a taxi hired by the policyholder to return home or to the nearest city in case the insured vehicle has met with an accident.
It will also cover the cost of an overnight stay opted by the policyholder if required.
The Key Replacement cover will pay for the cost of replacing the keys of the insured car in case they have been lost or stolen or if someone has broken into the vehicle.
It will also cover the labour cost incurred while replacing the car's keys.
This cover will allow the policyholder to get any small damage on the fibre, glass, rubber and plastic parts of the insured car repaired without affecting the NCB.
However, this add-on cover allows only one claim during the policy tenure without affecting the NCB.
The Courtesy/ Hire Car cover will arrange a car on hire for the policyholder within 24 hours in case the insured car is damaged and getting repaired at a network garage.
However, this cover is applicable only if the car will take more than 24 hours to get repaired or if there has been a total loss or theft.
Just like buying car insurance is important, Tata AIG car insurance renewal before its due date is equally important. It ensures that your vehicle is continuously covered from various unexpected risks you may face while driving a car. To renew your Tata AIG Car insurance online, follow these steps:
Step 1: Visit Policybazaar.com and select the 'Car Insurance' tab from the homepage
Step 2: Enter your car number and select 'View Prices'
Step 3: Fill in your details like name, email, mobile number and proceed.
Step 4: Select the expiry date of your policy and whether you previously made a claim or not.
Step 5: Find the Tata AIG vehicle insurance plan from the mentioned plans. You can also view policy details by selecting the 'Policy Details' option.
Step 6: Select add-ons you wish to add at an additional premium and select the plan.
Step 7: Select the No Claim Bonus of your existing policy and proceed.
Step 8: Fill out the proposal form correctly.
Step 9: Select 'Summary and Payment'.
Step 10: Once the premium has been verified, you can pay for Tata AIG car insurance renewal online using your preferred payment mode.
Step 11: Once the payment is made, your car insurance policy will be renewed. The renewal documents will be sent to your registered email address.
To register a claim under the Tata AIG car insurance policy, follow the steps mentioned below:
Report the Incident:
Report the incident or the loss to the insurance company on their helpline number.
Register Your Claim:
Register the claim with the insurance company and receive a claim intimation number.
Inspection of Damages:
Once the claim has been registered, an inspection of the damaged vehicle will be done by the insurance company’s representative, along with a loss evaluation within 48 hours.
Submit the Documents:
Submit the required documents, such as the claim form, to the claim inspector when requested.
The company will after that, inform you about the settlement amount. After this, the claim will be settled with the authorised network garage. In the case of non-network garages, the insurance company will reimburse the amount that you paid for repairs.
To file a car insurance claim with Tata AIG General Insurance Company, you will be required to submit the following documents during claim registration:
|Age of the vehicle||% depreciation for calculating IDV|
|Not exceeding 6 months||5%|
|Exceeding 6 months but less than 1 year||15%|
|Exceeding 1 year but less than 2 years||20%|
|Exceeding 2 years but less than 3 years||30%|
|Exceeding 3 years but less than 4 years||40%|
|Exceeding 4 years but less than 5 years||50%|
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