TATA AIG General Insurance Company - History, Policy, Quotes, Claims, Features, Benefits | Buy and Renew Policy Online

About Tata AIG General Insurance Company

Tata AIG General Insurance Company Limited was incorporated on 22 January 2001 as a Joint Venture between the Tata Group and the American International Group (AIG). This partnership brings together the Tata Group’s local expertise and AIG’s global experience, offering a wide range of insurance products designed to meet diverse needs. Over the years, TATA AIG General Insurance Company has emerged as the leading General Insurance Company in India with a Market Share of 5.9% (excluding Crop Insurance). The company offers a diverse range of insurance products such as Health Insurance, Motor Insurance, Fire Insurance, Cyber Insurance, Marine Insurance, Liability Insurance etc. Tata AIG reported a Gross Written Premium of Rs13,448 Crores in FY23 v/s Rs10,686 Crores in FY22, translating to a market share of 5.9%. The Profit After Tax stood at Rs553 Crores in FY23 v/s Rs454 Crores in FY22. The Company issued 12.45 million Insurance Policies in FY23 v/s 9.14 million Policies in FY22. Tata AIG General Insurance Company has a workforce of about 8,751 employees across 221 branches

History of Tata AIG General Insurance Company Ltd

Tata AIG General Insurance Company Limited is a joint venture between the Tata Group and the American International Group (AIG), a leading global Insurance organization. The company commenced operations on January 22, 2001.

Milestones and Achievements

2001: Tata AIG General Insurance starts operations, offering a range of general insurance products. 2014: Establishment of the Tata AIG Academy to enhance the insurance knowledge of its distributors and align training programs with strategic business needs. 2021: Celebrated 21 years of service in the Insurance industry, marking two decades of innovation and growth. 2023: As of March 31 2023, Tata AIG had an Asset Under Management (AUM) of approximately Rs. 26,200 Cr and a workforce of about 8,751 employees across 221 branches in India.

Tata AIG General Insurance Company Ltd: An Overview

Insurance Policies Offered by Tata AIG General Insurance Company

Tata AIG General Insurance Company Ltd provides a diverse range of insurance policies to meet the needs of both individual and business customers.

Tata AIG Business Insurance Plans

Tata AIG General Insurance Company offers a range of Insurance Policies for Large Companies, MSMEs and Startups including Marine Insurance Policy, Fire Insurance Policy, Product Liability Insurance Policy, Group Health Insurance Policy, Workmen’s Compensation Insurance, Professional Indemnity Insurance Policy, Cyber Insurance Policy etc. This article explores different types of Business Insurances offered by TATA AIG General Insurance Company.

Employee Benefit Insurance offered by Tata AIG General Insurance Company Ltd

Tata AIG Group Health Insurance Policy

Tata AIG Group Health Insurance Policy covers the medical expenses of insured employees under a single policy. This Policy can also extend coverage to the families of insured employees, including Spouses, Dependent Children, and Dependent Parents. In addition to Hospitalisation Expenses, the Insurance Policy also covers Daycare Procedures and Pre and Post-Hospitalisation Expenses. A Group Health Insurance Policy is also known as Corporate Health Insurance Policy, or Group Mediclaim Insurance Policy.

Key Features of the Tata AIG Group Health Insurance Policy

1. Tata AIG Group Health Insurance Policy covers Hospitalisation Expenses, Pre And Post-Hospitalization Costs, Daycare Procedures and also offers coverage for critical illnesses, maternity expenses, and new-born baby coverage.
2. The Policy provides coverage for Employee, Spouse, Dependent Children and Dependent Parents.
3. Provides Cover for Pre-Existing Diseases from Day 1
4. Provides Maternity Coverage without any Waiting Period
5. Various Sum Insured Options ranging from Rs1 Lakh to Rs5 Lakhs available under the Policy
6. Cashless Claim Settlement at over 10000+ network hospitals pan-India

Tata AIG Group Personal Accident Insurance Policy

Tata AIG Group Personal Accident Insurance Policy provides coverage for employees against Disability or Death resulting from an accident. The Policy provides coverage for Accidental Death, Permanent Total Disability (PTD), Permanent Partial Disability (PPD), and Temporary Total Disability (TTD).

Key Features of the Tata AIG Group Personal Accident Insurance Policy

1. Accidental Death Coverage - Tata AIG GPA Insurance Policy pays 100% of the Sum Insured to the family of the Insured Employee in case of Accidental Death
2. The Policy pays a lumpsum amount to the Insured depending on type of Disability as per Policy Terms and Conditions
3. Policy provides a 24*7 Worldwide Cover
4. Policy can be issued on Named and Unnamed basis as well
5. The Policy also provides cover for Accidental Medical Expenses allowing the Insured to claim both OPD and In patient expenses
6. Tata AIG Group Personal Accident Insurance Policy provides cover for Children’s Education Allowance upto 10% of Sum Insured or maximum of Rs1 lakh
7. Provides accident insurance cover 24x7 worldwide.

Tata AIG Workmen’s Compensation Insurance Policy

Tata AIG’s Workmen’s Compensation Insurance Policy provides coverage to employers against their legal liability to pay compensation to employees in case of injury, disability or death caused due to accidents arising during the course of employment. The Policy provides compensation as per the Workmen’s Compensation Act 1923.

Key Features of the Tata AIG Workmen’s Compensation Insurance Policy

1. Tata AIG Workmen’s Compensation Insurance Policy covers statutory liability of employers under Employees’ Compensation Act, Fatal Accidents Act, and Common Law.
2. The Policy pays compensation for death, permanent total disability, permanent partial disability, and temporary disability of employees.
3. Can extend to cover medical expenses related to treatment of bodily injuries.
4. Key exclusions like contractual liability, war, liability under agreements, etc.

Fire Insurance Policies offered by TATA AIG General Insurance Company Ltd

TATA AIG Standard Fire and Special Perils Insurance Policy

TATA AIG Standard Fire and Special Perils Insurance Policy provides coverage for loss or damage to property caused by fire and allied perils. The policy can cover buildings, plant and machinery, stocks, furniture, fixtures and fittings where the Sum Insured exceeds Rs50 Crores. The Policy also offers optional add-on covers for Earthquake, Spontaneous Combustion, Omission to insure Additions/Alterations, STFI Cover, and Start-Up Expenses.

Key Features of the Tata AIG Standard Fire and Special Perils Insurance Policy

1. The Policy provides coverage against Perils such as fire, lightning, explosion, aircraft damage, riot, strike, malicious damage, storm, flood, impact damage, subsidence etc.
2. Add-on covers available like architect fees, debris removal, deterioration of stocks, earthquake, loss of rent etc.
3. Claim Settlement can be on Reinstatement Value or Replacement Value Basis.
4. Exclusions like war, willful negligence, mechanical breakdown, theft, weather damages etc.

TATA AIG Bharat Sookshma Udyam Suraksha Policy**

TATA AIG Bharat Sookshma Udyam Suraksha Policy provides insurance coverage against Loss or Damage to the Insured Property due to Fire and allied Perils. The Policy can be purchased by companies where the Total Value at Risk across all Insurable Asset Classes at one location does not exceed Rs5 crores.

Key Features of TATA AIG Bharat Sookshma Udyam Suraksha Policy

1. The Insurance Policy covers damage to Building, Machinery, Furniture, Stock etc. due to fire, explosions, natural disasters up to Rs5 crore at a single location.
2. The Policy has built-in covers for expenses like debris removal, start-up costs, professional fees.
3. Minimal exclusions like war, pollution, willful negligence, mechanical breakdown etc.
4. Ideal for small factories, shops, restaurants, workshops etc.

TATA AIG Bharat Laghu Udyam Suraksha Policy

TATA AIG Bharat Laghu Udyam Suraksha Policy offers a comprehensive coverage against loss or damage to assets because of fire and allied perils. The Policy is applicable for businesses where the Total Value at Risk across all insurable asset classes at one location exceeds Rs5 Crore but does not exceed Rs50 Crore.

Key Features of TATA AIG Bharat Laghu Udyam Suraksha Policy

1. The Policy provides coverage to building, machinery, stock, furniture etc. against Fire, Explosions, Natural Disasters, Terrorism, Riots, Strikes etc.
2. Availability of Floater cover and Declaration Policy for greater flexibility.
3. The Policy has Inbuilt covers like debris removal, architectural fees, municipal regulations etc.
4. Minimal exclusions like war, willful negligence, etc.

TATA AIG Bharat Griha Raksha Policy

TATA AIG Bharat Griha Raksha Policy provides Insurance Coverage for Residential Housing Societies and Homes against damage or loss to structure and contents due to fire and allied Perils.

The Insurance Policy offers two main types of coverage: Home Structure Cover: This covers Physical Loss, Damage, or Destruction of Home Building due to Insured Perils such as Fire, Explosion, Earthquake, Storm, Flood, Landslide etc. Home Contents Cover: This Covers the Physical Loss, Damage, or Destruction of the general contents of your home caused by Insured Perils.

Key Features of Tata AIG Bharat Griha Raksha Policy

1. Tata AIG Bharat Griha Raksha Policy covers Building Structure and Contents including fixtures, fittings, etc.
2. The Policy also has ad Optional Add-Cover to cover valuable contents like s jewellery, silverware, paintings, works of art etc. on an agreed value basis
3. Policy tenure up to 10 years can be opted for.
4. Minimal exclusions like war, willful negligence, theft, mechanical breakdown etc.
5. Underinsurance does not apply to the Tata AIG Bharat Griha Raksha Policy.

Liability Insurance Policies offered by TATA AIG General Insurance Company Ltd

TATA AIG Corporate Cyber Insurance Policy – Cyber Risk Protector

TATA AIG’s Corporate Cyber Insurance Policy provides comprehensive protection to companies against cyberattacks and data breaches. The Policy safeguards businesses against financial losses arising from hacking, malware attacks, data exposures, security failures etc.

Key Features of the Tata AIG Corporate Cyber Insurance Policy

1. Tata AIG Cyber Risk Protector provides compensation in case of Loss of Personal/Corporate Information
2. Policy pays expenses which are incurred for Forensic Investigations, Notification Costs and Credit Monitoring Services following a Cyberattack
3. Policy pays for the PR Expenses for experts hired to mitigate the damage to the company or individual reputation
4. Add-on covers available for Multimedia Liability, Cyber Extortion, Business Interruption.
5. Covers damages, defense costs, fines/penalties arising from data privacy breaches, security failures, accidental transmission of viruses etc.
6. Covers costs for forensic investigations, notifying affected parties, managing reputation etc.
7. Minimal exclusions like contractual liability, trading losses, fines/penalties etc.

TATA AIG Directors and Officers Liability Insurance Policy

Tata AIG Directors and Officers Liability Insurance Policy provides coverage to the directors and officers of a company against lawsuits alleging wrongful acts committed by them in their managerial capacity. The Policy provides cover for Defence Costs and Compensatory Damages that the directors and officers are legally liable to pay resulting from claims against them for actual or alleged Wrongful Acts.

Key Features of the Tata AIG Directors and Officers Liability Insurance Policy

1. Tata AIG D&O Liability Insurance Policy provides protection for claims brought against directors and officers by stakeholders like shareholders, employees, competitors, regulators, customers etc. for wrongful acts committed by them in their managerial capacity.
2. The D&O Policy also provides cover for Employment Practices Liability Claims
3. Retroactive Date Cover - The Policy provides coverage for Claims resulting from all incidents that occur after the Retroactive Date
4. Worldwide Territory and Jurisdiction Coverage
5. The Policy provides cover for Outside Directorships and Retired Directors as well
6. The D&O Policy also offers useful extensions like Discovery Period, Emergency Costs, Reputational Damage Costs etc.
7. Tata AIG D&O Policy offers special excess protection for non-executive directors
8. The Policy has exclusions for Prior Claims and Deliberate Fraudulent Acts

TATA AIG Commercial General Liability Insurance Policy

TATA AIG Commercial General Liability Insurance Policy provides comprehensive coverage against Legal Liability arising from Third-Party Bodily Injury or Property Damage caused by the Insured’s Business Operations, Products or Injuries that occur within the Insured’s Business Premises. The Policy provides coverage for Defence Costs and Compensatory Damages

Key Features of the Tata AIG Commercial General Liability Insurance Policy

1. TATA AIG CGL Policy covers the legal liabilities arising from Third-Party Bodily Injury or Property Damage caused by the Insured’s Business Operations, Products, Personal or advertising injury.
2. Policy can be issued as a Claims Made Policy or Occurrence Based Policy
3. Premiums vary based on business risk factors such as nature of operations, turnover, location, past claims history etc.
4. Major exclusions are contractual liability, professional advice and service, pollution, asbestos, expected or intended injury, workers’ compensation etc.
5. Worldwide Territory and Jurisdiction coverage which is beneficial for businesses with global operations

TATA AIG Product Liability Insurance Policy

TATA AIG Product Liability Insurance Policy provides coverage against the Legal Liability of manufacturers, traders, distributors arising from claims of bodily injury or property damage claims caused to third parties because of consumption of products manufactured, sold or and/or distributed by the Insured.

Key Features of the Tata AIG Product Liability and Product Recall Insurance Policy

1. TATA AIG Product Liability Insurance Policy covers the Legal Liability for Third-Party Bodily Injury or Property Damage caused due to defects in products manufactured, sold, or distributed by the Insured.
2. The Policy has an option to include various add-on covers such as Technical Collaborator’s Liability, Vendor’s Liability, etc.
3. Policy provides Coverage for Defence Costs and Compensatory Damages
4. Retroactive Date Cover - The Policy provides coverage for Claims resulting from all incidents that occur after the Retroactive Date

TATA AIG Public Offering of Securities Insurance Policy

TATA AIG Public Offering of Securities Insurance Policy, also known as IPO Insurance, provides coverage against liabilities arising from a company’s public issue of securities such as IPOs, FPOs, rights issues etc. Signatories of a Public Prospectus document have a personal responsibility for the information provided and the claims made in the prospectus and they could be held personally liable for losses to the securities holders because of the misrepresentations in the document. The POSI Policy ring-fences the securities exposure of a Company in a Transaction Specific Policy.

Key Features of the Tata AIG Public Offering of Securities Insurance Policy (POSI Policy)

1. It covers claims against the company, directors, officers for misleading or untrue statements in the offer document by investors.
2. The policy pays for Defense Costs and Damages awarded in lawsuits by investors over the public offering.
3. The Policy safeguards the existing D&O Policy limits by covering claims of misrepresentations in the Public offer documents
4. The policy period can be customized up to 6 years to provide cover for the long-tail liabilities related to securities offerings.
5. Key covers included are prospectus liability, defense costs, underwriter exposures among others.
6. Policy also provides coverage for Punitive and Exemplary Damages
7. The policy covers the company, its directors, officers, employees for claims in connection with the public offering.
8. Premium depends on the offering size, limit of liability, policy period and risk factors.

Marine Insurance Policies offered by TATA AIG General Insurance Company

TATA AIG Specific Voyage Marine Insurance Policy

TATA AIG Specific Voyage Marine Insurance Policy insures a single transit for any damage to cargo whilst in transit. The cargo owner must purchase a separate Policy for each and every transit. This Policy is applicable for small business owners who do not have very frequent transits.

Key Features of the Tata AIG Public Specific Voyage Marine Insurance Policy

1. A Specific Voyage Marine Insurance Policy covers loss or damage to cargo due to marine perils during transit by sea for a specific Transit.
2. The perils covered include Sinking, Capsizing, Collision, Piracy, Theft, Jettison, War, SRCC etc.
3. Premium charged depends on voyage route, cargo type, vessel age/type, Sum Insured.

TATA AIG Marine Open Insurance Policy

Tata AIG Marine Open Policy provides annual coverage for all cargo shipments taking place withing a year. The Policy is suitable for large companies with frequent cargo dispatches. The Insured just needs to submit a monthly declaration of all the transits that took place in the previous month under a Marine Open Policy. The Policy eliminates the need to insure each transit separately, thus reducing the hassle of issuing a separate policy for each transit.

Key Features of the Tata AIG Marine Open Insurance Policy

1. A Marine Open Policy covers all shipments throughout the year; there is no need to issue a separate policy for each and every transit
2. Premium charged depends on cargo value, transit routes, type of conveyance used.
3. A Single Policy insures a single leg of transit, i.e. Exports, Imports, Domestic Sales, Purchases etc
4. Insured has to make periodic declaration of transits taking place to the Insurance Company
5. Certificates are issued under the Marine Open Policy for Individual Transits
6. The Sum Insured under the Marine Open Policy can be enhanced during the duration of the Policy

TATA AIG Marine Sales Turnover Policy (STOP Policy)

TATA AIG Marine Sales Turnover Policy covers all the transits, that is Export Sales, Domestic Sales, Imports, Local Purchases, Inter-Factory Movements, Job Worker Movements, Capital Equipment and Container Movements under a Single Policy. The Insured just needs to declare the Sales Turnover of the Company on a periodic basis rather than making a declaration of all transits taking place as done in a Marine Open Policy. Additionally, a STOP Policy covers all legs of transit under a single Insurance Policy.

Key Features of the Tata AIG Marine Sales Turnover Policy

1. Sum Insured under the Sales Turnover Policy is determined on the Insured’s estimated sales for the current year.
2. Covers perils like Fire, Collision, Theft, Damage during transit
3. Add-ons available for Strikes, Riots etc.
4. No need for individual declarations per shipment
5. All Risk or Basic Risk coverage as per Institute Cargo Clauses

Engineering Insurance Policies offered by TATA AIG General Insurance Company

TATA AIG Contractors All Risk Insurance Policy (CAR Insurance)

TATA AIG Contractors All Risk Insurance Policy provides comprehensive coverage for loss or damage to an under-construction project due to fire, theft or natural disasters. The Contractors All Risks Insurance Policy is issued on an All-Risks basis and is a must have policy for all civil construction projects.

Key Features of the Tata AIG Contractors All Risk Insurance Policy TATA AIG Contractors All Risk Insurance Policy provides coverage under 2 sections

1. Material Damage Section: The Material Damage Section of the Contractors All Risk Insurance Policy covers Physical Damage to the Property under construction, protecting against Perils such as Fire, Lightning, Theft, and Burglary.
2. Third-Party Liability Section: The Third-Party Liability Section provides coverage for the legal liability of the contractor for Bodily Injury or Property Damage caused to third parties because of work conducted on the site.
3. Coverage is on an ‘All Risks’ basis, covering damage from any cause except specified exclusions.
4. Add-on covers available like Surrounding Property, Debris Removal, Third Party Liability, Escalation Costs, Air Freight, Extended Maintenance, Customs Duty.
5. This Policy is suitable for a wide range of construction projects like buildings, roads, bridges etc.

TATA AIG Erection All Risk Insurance Policy (EAR Insurance Policy)

TATA AIG Erection All Risks Insurance Policy provides coverage for Material Damage and Third-Party Liability during the erection, commissioning and testing stage of a Plant.

Key Features of the Tata AIG Erection All Risk Insurance Policy

1. The EAR Insurance Policy covers sudden and unforeseen physical loss or damage to machinery and equipment while being erected, assembled, tested and commissioned at the project site.
2. The coverage is on an ‘All Risks’ basis including perils like fire, flood, theft, machinery breakdown, accidents during erection work etc.
3. Offers coverage for Third-Party Liability arising from Bodily Injury or Property Damage caused by the erection work.
4. Add-on covers available like Surrounding Property, Debris Removal, Third Party Liability, Escalation Costs, Air Freight, Extended Maintenance etc.
5. Major exclusions are war, nuclear risks, normal wear and tear, design faults, willful negligence etc.
6. The Policy is suitable for erection of industrial projects, power plants, refineries, factories, infrastructure construction etc.

Tata AIG Trade Credit Insurance Policy

Tata AIG Trade Credit Insurance Policy provides coverage against the risk that the Insured’s Customer fails to pay for the Goods or Services that he has received. The Policy provides coverage for insolvency or protracted default of buyers.

Key Features of the Tata AIG Trade Credit Insurance Policy

1. A Trade Credit Insurance Policy covers losses of the seller due to non-payment of invoices by buyers, both in domestic and export markets.
2. Offers protection against commercial risks, such as Insolvency or Protracted Default of the Buyer.
3. Provides cover against Political Risks, such as War, Currency Transfer Restrictions, Or Import/Export Bans.
4. The Policy provides indemnification up to the specified percentage of the loss amount subject to buyer limit and country limit.
5. Exclusions include disputes with buyers, transactions with related parties, cash sales, claims arising from fraud/misconduct.

Tata AIG Personal Insurance Plans

Tata AIG General Insurance Company offers a range of Insurance Policies for offers various a range of Insurance Policies for Individuals and Families such as Health Insurance, Motor Insurance and Travel Insurance Plans. This article explores different types of Personal Insurances offered by Tata AIG General Insurance Company

Health Insurance Products offered by TATA AIG General Insurance Company

TATA AIG Medicare Insurance Policy

Tata AIG Medicare is a comprehensive Health Insurance Policy that provides coverage for Hospitalization Expenses due to illness or injury. The Policy also provides coverage for Daycare Procedures, Pre and Post-Hospitalization Expenses.

Key Features of the Tata AIG Medicare Insurance Policy

1. Tata AIG Medicare Policy offers various Sum Insured Options from Rs3 Lakhs to Rs20 Lakhs
2. Minimum Entry age of 5 Years and Maximum Entry Age of 65 years
3. A Family can opt for Family Floater Policy to cover Spouse and Dependent Children
4. Pre and Post-Hospitalisation Expenses coverage for 60 days - 90 days respectively
5. The policy provides coverage for emergency treatments availed outside India upto the Sum Insured provided that the diagnosis was made in India and the Insured travels abroad for treatment.
6. Restoration Benefit provided for Related and Unrelated Illnesses provided during the Policy Year. For Related Illnesses, hospitalisation should be after 45 days from the date of discharge of the earlier claim.
7. Cumulative Bonus of 50% Base Sum Insured up to a maximum of 100% of the Base Sum Insured under the current Policy Year. If a Claim is made under the Health Insurance Policy during any Policy Year, the cumulative bonus will be reduced at the same rate at which it has accrued
8. No Room Rent Capping and No Co-Payment
9. Waiting Period of 24 months for Specific Diseases
10. Waiting Period of 36 months for Pre-Existing Diseases
11. The Premiums paid for the Policy are eligible for Section 80D Deductions under the Income Tax Act, 1961
12. Lifetime Renewal

TATA AIG Medicare Premier Insurance Policy

Tata AIG Medicare Premier is a Comprehensive Health Insurance Plan that provides cover for Hospitalisation Expenses, Pre and Post-Hospitalisation Expenses, Daycare Procedures etc. The Policy offers higher coverage limits and additional benefits compared to regular Medicare Insurance Plan.

Key Features of the Tata AIG Medicare Premier Insurance Policy

1. Tata AIG Medicare Policy offers various Sum Insured Options from Rs5 Lakhs to Rs3 Crores
2. Minimum Entry age of 91 Days and Maximum Entry Age of 65 years
3. A Family can opt for Family Floater Policy to cover Spouse and Dependent Children
4. Pre and Post-Hospitalisation Expenses coverage for 60 days - 200 days respectively
5. The policy provides coverage for emergency treatments availed outside India upto the Sum Insured provided that the diagnosis was made in India and the Insured travels abroad for treatment.
6. Restoration Benefit provided for Related and Unrelated Illnesses provided during the Policy Year. For Related Illnesses, hospitalisation should be after 45 days from the date of discharge of the earlier claim.
7. Cumulative Bonus of 50% Base Sum Insured up to a maximum of 100% of the Base Sum Insured under the current Policy Year. If a Claim is made under the Health Insurance Policy during any Policy Year, the cumulative bonus benefit will be reduced at the same rate at which it has accrued
8. Policy provides a Maternity Coverage of upto Rs1 lakh for Boy child and Rs1.2 lakhs for a Girl Child for Sum Insured above Rs50 lakhs
9. Policy provides a Maternity Coverage of upto Rs1 lakh for Boy child and Rs1.2 lakhs for a Girl Child for Sum Insured above Rs50 lakhs
10. Tata AIG Medicare Premier Plan provides coverage for OPD Treatment (including Dental Treatment) with a Sub-Limit ranging from Rs5000 to Rs20000 depending on the Sum Insured chosen under the Plan
11. Tata AIG Medicare Premier Insurance Policy provides coverage to the Insured for listed diagnostic tests on OPD Basis if these tests are required as part of a treatment subject to coverage Sum Insured.
12. Policy provides an Emergency Air Ambulance Cover upto Rs5 lakhs for out of Network Providers and upto the Sum Insured for Network Providers
13. The Policy provides a Home Care Treatment Cover upto the Sum Insured for Dialysis and Chemotherapy treatment taken at home
14. Waiting Period of 24 months for Specific Diseases
15. Waiting Period of 24 months for Pre-Existing Diseases
16. Waiting Period of 24 months for OPD Coverage
17. Waiting Period of 48 months for Maternity Coverage
18. The Premiums are applicable for Section 80D Deduction under the Income Tax Act, 1961
19. Lifetime Renewal

TATA AIG Arogya Sanjeevani Policy

The Tata AIG Arogya Sanjeevani Policy is a standard health insurance plan mandated by IRDAI to provide health insurance coverage. The Plan provides coverage for hospitalization expenses, Pre and Post-Hospitalisation Expenses, Daycare Procedures etc. The Policy has a minimum entry age of 18 years and maximum entry age of 65 years.

Key Features of the Tata AIG Medicare Arogya Sanjeevani Insurance Policy

1. Sum insured options ranging from Rs. 50,000 to Rs. 10,00,000.
2. Minimum Entry age of 18 Years and Maximum Entry Age of 65 years
3. Pre and Post-Hospitalisation Expenses Coverage for 30 days and 60 Days
4. Room Rent Limit of 2% of Sum Insured subject to a maximum of Rs5000 per day for Normal Rooms and 5% of Sum Insured subject to a maximum of Rs10,000 per day for ICU Rooms
5. Cumulative Bonus of 5% per year for every claim free year, provided that the policy is renewed without a break every year, subject to a maximum of 50% of Sum Insured.
6. Cataract Limit of upto Rs. 40,000 per eye or 25% of Sum Insured whichever is lower
7. Co-Payment of 5% on each and every claim
8. Waiting Period of 48 months for Pre-Existing Diseases
9. Waiting Period of 24 and 48 months for Specific Diseases
10. The Premiums paid for the Policy are eligible for Section 80D Deduction under the Income Tax Act, 1961
11. Lifelong Renewal

TATA AIG Medicare Plus Super Top-Up Health Insurance Policy

The Tata AIG Medicare Plus Super Top Up Policy is a Super Top-Up Health Insurance Plan which provides health insurance coverage over and above an existing base Health Insurance Plan. It helps enhance the overall coverage at relatively affordable premiums.

Key Features of the Tata AIG Medicare Plus Super Top-Up Health Insurance Policy

1. Sum Insured options range from Rs3 Lakhs to Rs1 Crore with Deductible options ranging from Rs2 lakhs to Rs20 lakhs.
2. Pre and Post-Hospitalisation Expenses coverage for 60 days - 200 days respectively
3. 540 Daycare Procedures are covered under the Policy
4. The policy provides coverage (Optional Cover) for treatments availed outside India upto the Sum Insured provided that the diagnosis was made in India and the Insured travels abroad for treatment.
5. Cumulative Bonus of 50% Base Sum Insured up to a maximum of 100% of the Base Sum Insured under the current Policy Year. If a Claim is made under the Health Insurance Policy during any Policy Year, the cumulative bonus benefit will be reduced at the same rate at which it has accrued
6. No Pre-Policy Medical Check-Up for people upto 45 years of age for Sum Insured below Rs50 lakhs
7. Waiting Period of 24 months for Specific Diseases
8. Waiting Period of 36 months for Pre-Existing Diseases
9. Premiums paid for the policy are eligible for tax deduction under Section 80D of the Income Tax Act.
10. Lifelong Renewal

TATA AIG Criti Medicare Insurance Policy (Smart Century Premier Plan)

The Tata AIG Criti Medicare Policy (Smart Century Premier Plan) is a Critical Illness Insurance Policy which provides comprehensive coverage against 100 critical illnesses and related expenses. The Policy pays a lumpsum amount on diagnosis of covered critical illness during policy period.

Key Features and Benefits of the Tata AIG Criti Medicare Insurance Policy

1. The Plan offers coverage under 3 Main Sections: Critical Illness, Cancer 360 Degree Indemnity Cover and Hospital Cash Cover.
2. Under the Critical Illness Cover, the Policy pays a Lumpsum Amount on the diagnosis of any of the listed critical illnesses
3. Smart Cancer Care Cover under the Critical Illness Plan provides a specifi¬ed percentage of Sum Insured if the Insured is diagnosed from Cancer. This benefi¬t is over and above Critical Illness Sum Insured
4. Option to choose Survival Period of 0/7/15 days.
5. The Cancer 360 Degree Indemnity Cover provides coverage for treatment of Cancer and Daycare Treatments for Cancer upto the Sum Insured
6. The Hospital Cash Cover provides a fixed Daily Cash Benefit for each continuous and completed 24 hours of hospitalization.
7. Premiums paid are eligible for tax deductions under Section 80D of Income Tax Act
8. Lifelong Renewal

TATA AIG Elder Care Health Insurance Policy

Tata AIG Elder Care policy is a Senior Citizen Health Insurance Policy with an entry age of 61 years to 85 years. The Policy provides cover for Hospitalization Expenses, Day Care Procedures, Pre and Post-Hospitalization Expenses, Ambulance Charges etc.

Key Features and Benefits of the Tata AIG Elder Care Health Insurance Policy

1. Tata AIG Elder Care Policy provides coverage for Hospitalisation Expenses, Pre and Post-Hospitalisation Expenses above the Deductible Amount
2. Sum Insured Options of Rs5 Lakhs, Rs10 Lakhs and Rs25 Lakhs
3. Cumulative Bonus of 10% Base Sum Insured up to a maximum of 100% of the Base Sum Insured for each Claim Free year under the Policy
4. Tata AIG Elder Care Policy provides coverage for Home Treatment and High-End Diagnostics
5. Pre and Post-Hospitalisation Expenses coverage for 30 days - 60 days respectively
6. Co-Payment of 20% on each and every claim
7. Sub-Limits applicable on Cataracts and Joint Replacement surgeries
8. Premiums paid for the policy are eligible for tax deduction under Section 80D of the Income Tax Act.
9. Lifelong Renewal

Motor Insurance Products offered by TATA AIG General Insurance Company

TATA AIG Commercial Vehicle Insurance Policy

Tata AIG Commercial Vehicle Insurance policy provides Insurance Coverage for vehicles used for commercial purposes like Trucks, Trailers, and other forms of Goods Carrying Vehicles etc. The Policy provides protection against Perils such as Fire, Accidents, Theft, Calamities etc. as well as liability arising due to Third Party Bodily Injury and Property Damage.

Key Features of the Tata AIG Commercial Vehicle Insurance Policy

1. The Own damage Cover which protects the Insured Vehicle against loss or damage due to Accidents, Theft, Fire, Explosion, Self-Ignition, Lightning and other Perils.
2. No-Claim Bonus (NCB) of upto 50% on Own Damage Premium
3. Add-On Covers of Zero Depreciation, IMT-23, Towing Charges available
4. A Wide Network of 7500+ Garages to avail Cashless Claim Settlement

Tata AIG Motor Insurance Policy

Tata AIG’s Motor Insurance Policy provides insurance coverage against loss or damage to vehicles because of Accidents, Theft, Fire, Natural Calamities etc. The Car Insurance Policy offers comprehensive coverage against Own Damage as well as Third Party Liability.

Key Features of the Tata AIG Motor Insurance Policy

1. TATA AIG Car Insurance Policy offers Own Damage Coverage as well as Third Party Liability Cover.
2. The Own Damage Cover protects the Insured Vehicle against Loss or Damage due to Accidents, Theft, Natural Calamity etc
3. Various Add-On Covers are available like Zero Depreciation, Engine Protector, Return to Invoice, Roadside Assistance, Consumable Expenses Cover etc.
4. Cashless claim facility is offered across network garages pan-India for repair/replacement of the insured vehicle.
5. No Claim Bonus of upto 50%

TATA AIG Two-Wheeler Insurance Policy

Tata AIG Two-Wheeler Insurance Policy provides Insurance Coverage for two wheelers like bikes, scooters, mopeds etc. The Policy covers Loss or Damage to the Insured Bike because of Accidents, Natural Calamities, Theft etc. as well as Third-Party Liabilities for Injury, Death or Property Damage.

Key Features of the Tata AIG Two-Wheeler Insurance Policy

1. Add-ons like Zero Depreciation, Roadside Assistance etc. available
2. Cashless repairs at 7500+ network garages pan-India
3. No Claim Bonus of upto 50%

Travel Insurance Products offered by TATA AIG General Insurance Company

TATA AIG International Travel Insurance Policy**

Tata AIG International Travel Insurance Policy provides end-to-end coverage for Medical Expenses, Trip Cancellation due to specified reasons, Lost or Delayed Baggage, Passport Loss, Personal Liability, Hijack Cover etc.

Key Features and Benefits of the Tata AIG International Travel Insurance Policy

1. Comprehensive medical coverage: TATA AIG Travel Insurance Policy covers medical expenses incurred due to an accident, injury or sickness whilst on a trip. This includes inpatient hospital charges, ambulance services and prescription drugs.
2. Medical Evacuation: The Insurance Policy provides cover for emergency medical evacuation and repatriation of mortal remains back to India.
3. Trip Cancellation: Tata AIG Travel Insurance Policy pays compensation if the if the Trip is cancelled due to Sickness, Injury or Death to the Insured, Insured’s Travel Companion or Insured’s Immediate Family Member or Insured’s Travelling Companion‘s Immediate Family Member.
4. Trip Curtailment: The Policy also pays for any loss of travel or accommodation expenses paid in advance or forfeited by the Insured after the commencement of the trip. The Policy also pays for the non-refundable unused portion of travel or accommodation expenses.
5. Missed Flights: Tata AIG Travel Insurance Policy also compensates the Insured if he misses his departure or connecting flights due to Bad weather, strike or some kind of equipment failure.
6. Lost Passport & documents: The Policy also pays reasonable expenses to get a duplicate passoprt if the Insured’s Passport is misplaced or stolen.
7. Delayed Flights: Tata AIG Travel Insurance Policy compensates the Insured if the flight is delayed by more than 12 hours due to Bad Weather or Local Strike. The compensation takes care of additional expenses that need to be incurred such as booking another night’s stay at hotel.
8. Baggage Loss: The Travel Policy compensates the Insured for lost belongings if the checked-in baggage gets lost in Theft or misdirection by the common carrier or also due to non-delivery at its destination.
9. Baggage Delay: The Travel Insurance Policy compensates the Insured if there is a delay or misdirection of the checked-in baggage by the airline. The Policy pays for the expense of necessary personal items so that the Insured can continue with the trip smoothly.

TATA AIG Student Travel Insurance Policy

TATA AIG offers a comprehensive overseas Student Travel Insurance Policy to provide financial protection to Indian students pursuing higher education abroad. The policy is designed to cover their unique needs and situations.

Key Features of the Tata AIG Student Travel Insurance Policy

1. Medical Cover: The policy provides coverage for hospitalization and treatment costs due to illness or injury.
2. Study Interruption: If the student is unable to continue the studies and complete the semester due to covered circumstances, the Policy reimburses the unused tuition fee paid in advance for the ongoing semester.
3. Compassionate Visit: A Student Travel Insurance Policy provides coverage for round-trip economy class ticket for one immediate family member to visit the student if hospitalized for more than 7 consecutive days.
4. Baggage Loss or Delay: Baggage loss or delay cover provides cover against lost, damage or delay of accompanied checked-in baggage by the airline. This cover provides compensation to purchase the necessary personal items or reimburses the cost of lost luggage.
5. Sponsor Protection: Sponsor Protection Cover under Tata AIG Travel Insurance Policy pays the tuition fees for the remainder of the course in case of Accidental Death or Permanent Total Disability.

How to Purchase Tata AIG General Insurance Policy?

The Insured needs to follow the below mentioned steps to purchase a TATA AIG General Insurance Policy:

Online Process to purchase Tata AIG General Insurance Policy

1. Go to Tata AIG Website or app and select the relevant Insurance Policy such as Motor Insurance, Health Insurance etc. that you want to purchase.
2. Click on the “Get Plan” option and start the Online Purchase Process
3. Provide your details like Name, Date of Birth, Claims History, Nominee Information, etc.
4. The Insurance Premium will be calculated and displayed. Review the premium and coverage details.
5. Make the premium payment online using Net Banking, UPI, Debit/Credit Card, Wallet etc.
6. The Policy Document will be emailed to your registered email id immediately.

Offline Process to Purchase Tata AIG General Insurance Policy

If you prefer to purchase a Policy offline, go to the nearest company branch or the Insurance Broker, where their experts will guide you through the entire process. An Insurance Broker will assist you with quote comparisons, negotiations and claims as well.

How to File a Claim with the Tata AIG General Insurance Company?

Here are the steps to file an Insurance Claim with Tata AIG General Insurance Company:

Intimate Claim

You need to intimate Tata AIG about the claim by either:

1. Go to the Tata AIG General Insurance Website, Click on Claims, select the relevant Insurance Policy and register a claim by providing details like Insured Information, date of incident etc.
2. The Company will provide a Claim Intimation number upon successful registration of the Claim.

TATA AIG Health Insurance Claim Settlement Process – Cashless Claim Settlement**

To avail Cashless Claim Settlement under the Tata AIG Health Insurance Policy, the Policyholder must follow the steps listed below:

1. Locate the nearest network hospital covered by the Tata AIG Health Insurance Policy to avail treatment
2. Inform the Insurance Company about the hospitalization before 3-4 days in case of a planned hospitalization and within 4-5 hours in case of an emergency
3. Show the Health Card issued by the Insurance Company to the Insurance desk at the hospital
4. Fill the Pre-Authorization Claim Form provided by the hospital
5. The Hospital sends the Pre-Authorization Claim Form to TATA AIG General Insurance Company for Claim Settlement
6. The Company inspects the details and informs the Insured about the approval or rejection of the Claim
7. Once the Claim gets approved, the hospital sends the expenses and receipts to the Insurer and the hospital gets reimbursed for the treatment expenses directly by TATA AIG General Insurance Company. The advantage of cashless claim settlement is that the Policyholder does not need pay any amount from his own pocket.

TATA AIG Health Insurance Claim Settlement Process – Reimbursement Claim Settlement

If the Policyholder chooses a non-network hospital, he will have to opt for Reimbursement Claim Settlement. The Reimbursement Claim Settlement is listed below:

1. Inform TATA AIG about hospitalisation within 24 hours of admission. The Company will provide the Policyholder with a Claim Intimation Number after the claim is raised so that the Claim Status can be tracked.
2. Make the payment to the hospital for the medical expenses incurred and keep original copies of all the Invoices.
3. Submit the required documents to TATA AIG General Insurance Company
4. The Insurance Company will verify the Claim Details, ask for additional documents if required and will approve or reject the Claim.
5. The approved Claim Amount gets credited directly to the Bank Account of the Insured

What are the documents Required for a Reimbursement Claim under a Health Insurance Policy?

The Insured needs to submit the following documents to TATA AIG General Insurance Company to avail Reimbursement Claim Settlement under the Policy:

1. ID Proof, Policy Health Card and Address Proof
2. Duly Filled and Signed Claim Form
3. Pathology Reports
4. Medicine Prescriptions and Pharmacy Bills
5. Pre and Post-Hospitalisation Bills
6. Hospital Bills
7. Discharge Summary

TATA AIG Motor Insurance Claim Process– Cashless Claim Settlement

In order to avail Cashless Claim Settlement under the TATA AIG Motor Insurance Policy, the Policyholder must follow the steps listed below:

1. Locate the nearest network garage covered by the TATA AIG Motor Insurance Policy on <www.tataaig.com> and bring the damaged car/bike to the same for repairs
2. Inform TATA AIG General Insurance Company about the accident and damage to the vehicle by providing the necessary details such as Policy Number, Date, Time and Description of Accident
3. The Insurance Company will send a surveyor to the Garage to inspect the extent of damage after which the approval to begin repairs is given.
4. Once the approval is received, the Garage can commence repairs.
5. The Insured needs to fill the claim form and provide the related documents as mentioned in the form.
6. Once the vehicle is ready, the Insured needs to pay his share of the Claim consisting of Deductible, Depreciation etc .to the garage and drive off. The balance would be settled by TATA AIG General Insurance Company directly with the network garage

Tata AIG Motor Insurance Claim Process– Reimbursement Claim Settlement

If the Policyholder chooses a non-network Garage, he will have to opt for Reimbursement Claim Settlement. The Reimbursement Claim Settlement for Motor Insurance is listed below:

1. Inform TATA AIG General Insurance Company of the Accident on the Mobile App or Website
2. The Company will send a surveyor to assess the extent of damage
3. The Insured needs to submit the Duly Filled and Signed Claim Form along with the necessary documents as mentioned in the form
4. The Insurance Claim is processed on receipt of documents and the Claim Amount will be credited to the bank account of the Policyholder

Purchase TATA AIG General Insurance Company Policies with Qian!

Qian is a licensed Insurance Broker with TATA AIG General Insurance Company. We can assist you with all Insurance Policies as well as Claim Settlement Process with TATA AIG General Insurance Company. Get a Quote for TATA AIG General Insurance Company’s Insurance Policy with Qian at insurance@qian.co.in or call us on 022-35134695. We would be glad to assist you.