Buy or renew car insurance policies of TATA AIG

TATA AIG is a leading general insurance company which is a joint venture between TATA Group of companies and the American International Group (AIG). The company was established in the year 2000 and it offers a range of general insurance products. The company offers both retail and commercial general insurance plans. Whether it is health insurance, motor insurance, fire insurance, etc. the company has all the solutions.

Facts about TATA AIG Car Insurance Plans

Here are some interesting facts about TATA AIG car insurance plans –

Car insurance policies are mandatory for your car as specified under the Motor Vehicles Act, 1988. These policies protect the interest of individuals if they suffer from any loss due to your car. TATA AIG also offers car insurance policies to its customers. Let’s understand the facets of TATA AIG’s car insurance policies –

Features and benefits of TATA AIG car insurance policies:

• TATA AIG offers multiple types of car insurance policies. You can opt for one year or long term coverage as per your needs.
• Both comprehensive as well as liability only coverage is offered by the company
• A range of add-ons are available with car insurance plans for customising your coverage
• The company offers round-the-clock claim assistance service

Benefits of TATA AIG car insurance plans

Here are the main benefits that you can avail from TATA car insurance plans –

• Trusted legacy

  TATA AIG motor insurance plans are backed by a solid legacy of 150+ years as well as the security offered by the TATA Group of companies. Moreover, TATA AIG has been operational for more than 20 years and understands the Indian insurance market perfectly.

• Customer-centric approach

  TATA AIG believes in putting you, the customer first. The company tries to anticipate your expectations and design solutions that meet such expectations. This customer-centric approach has resulted in more than 5 crore customers that have benefited from TATA car insurance plans.

• Expert claim assistance

  TATA AI believes in delivering a high performance so that it can win consumer trust. As such, the company has engaged more than 650 claim experts to help you with your TATA AIG car insurance policy. With the help of these claim experts, you can get a fast and hassle-free settlement of your car insurance claims. Moreover, these experts guide you through the different steps of the car insurance claim process so that your claim is processed smoothly.

• Experienced professionals

  TATA AIG believes in providing fair and professional services to its consumers. As such, its employees are experienced and performance-driven individuals who aim to provide complete insurance services with the utmost integrity.

Types of car insurance policies:

There are two types of car insurance plans which are available in the market –

1. Third-party liability only policy – this policy covers any financial liability faced if you physically harm any individual or if you damage any individual’s property.
2. Comprehensive package policy – this policy has dual coverage benefits. It covers the third party financial liability as well as the damages suffered by the car itself.

Car insurance policies offered by TATA AIG:

TATA AIG offers the following types of car insurance policies –

Coverage and exclusions under TATA AIG car insurance policies

Coverage under TATA AIG’s car insurance policy depends on the type of policy bought. Coverage under the two main types of car insurance policies is as follows –

• Coverage under third party liability-only policies

• Financial liability incurred when your car damages property belonging to another individual
• Financial liability incurred when your car kills another individual
• Financial liability incurred when your car injures or wounds another individual
• Accidental death or permanent disability suffered by the owner/driver of the car

• Coverage under comprehensive package policies:

• Financial liability incurred when your car damages property belonging to another individual
• Financial liability incurred when your car kills another individual
• Financial liability incurred when your car injures or wounds another individual
• Accidental death or permanent disability suffered by the owner/driver of the car
• Damages suffered by the car due to natural disasters for instance floods, earthquakes, typhoons, landslides, etc.
• Damages suffered by the car due to man-made disasters like fire, theft, implosion or explosion, riots, terrorist activities, etc.
• Damages suffered by the car when it is being transported

• Exclusions under TATA AIG car insurance policies:
  

  Both comprehensive and third party policies have the following exclusions in which the subsequent claims are not paid-

• Accidents suffered if you were driving without a valid driving license
• Accidents suffered if you were driving under the influence of alcohol and/or drugs
• Accidents suffered outside the territorial boundaries of India
• Accidents suffered due to deliberate acts
• Accidents suffered when the car is being used against its usage limitations
• Mechanical or electrical breakdown of the car
• Claims due to a contractual liability
• Consequential losses
  

Add-ons available under TATA AIG’s car insurance policies

Comprehensive car insurance policies offered by TATA AIG offer 13 additional coverage options which are called add-ons. You can choose any number of add-ons with your comprehensive policy by paying an additional premium.

The available add-ons include the following –

*Depreciation on the parts of the car depends on the type of part.

The rates of depreciation applicable in different parts of the car include the following –

Sum insured under TATA AIG car insurance policy

The sum insured is the maximum amount of claim that your car insurance policy would pay. In the case of third party liability plans, there is no sum insured for death or bodily injury suffered by a third party. The policy pays the amount that is ruled by the motor accidents to claim tribunal. In the case of property damage, however, the sum insured is, however, limited to INR 7.5 lakhs. Damages up to INR 7.5 lakhs are covered by the third party policy.

For the comprehensive TATA AIG car insurance policy, the sum insured is called the Insured Declared Value (IDV). The IDV is the market value of the car less the age-based depreciation. The rate of depreciation for calculating the IDV is specified as follows –

So, for example, say the market value of your car is INR 8 lakhs and it is more than 3 years old, the IDV would be INR 4.8 lakhs.

This IDV would be paid in the case of total loss, i.e. when the car is beyond repairs, as well as in the case of theft of the car. 

Personal accident cover under TATA AIG car insurance policy

It is mandatory for the policyholder to have a personal accident cover in his/her name. This cover is taken to cover accidental death or disablements. So, when you buy a third party or comprehensive TATA car insurance policy, you should opt for a personal accident cover with the plan as well. However, if you already have a personal accident cover in your life, you don’t have to buy it again with your car insurance policy.

If, however, you are buying the personal accident cover with the TATA car insurance policy, here are some aspects that you should know about –

• Accidental death, total and permanent disablement due to an accident, and total and partial disablement due to an accident would be covered
• The sum insured of the personal accident cover would be INR 15 lakhs
• 100% of the sum insured would be paid in the case of death and total permanent disablement. In the case of total partial disablement, a percentage of the sum insured would be paid.
• The premium for the policy is very low
• You can either opt for the personal accident cover from the same company or from another company
• If you want the personal accident cover for other passengers of the car, you would have to opt for an add-on and pay an additional premium for the same.

TATA AIG commercial car insurance plans

Besides offering car insurance solutions for personally owned cars, TATA AIG also offers commercial car insurance plans for cars that are used for business purposes as well as for taxes.

You can buy the following types of commercial TATA AIG motor insurance plans –

• Liability only motor insurance plans
• Comprehensive motor insurance plans

TATA AIG second-hand car insurance plans

If you buy a second-hand car, you can insure it under a policy offered by TATA AIG. TATA AIG’s car insurance plans are meant for both new and used cars. You can buy either a liability-only policy or a comprehensive policy to insure your second-hand car. The policy would be the same as available for new cars and you can buy the plan online either from TATA AIG’s website or through Turtlemint.

How to buy TATA AIG car insurance plan?

Buying a car insurance policy from TATA AIG is quite easy. You can buy it in any of the following ways –

1. Offline – under the offline mode of buying a car insurance policy, you have the following options:
1. You can visit the nearest branch of the insurance company and buy a policy from the company’s offices
2. You can arrange an appointment with an agent of the company and buy a car insurance policy from him/her.
2. Online – buying online means buying through your Smartphone or your computer. Nowadays the online mode offers you an easy solution for buying car insurance policies. You can buy the policy online from TATA AIG’s official website or from Turtlemint.

   Let’s understand the processes:

1. Buying from TATA AIG’s website –
   1. Visit the company’s home page at https://www.tataaig.com/
   2. Choose ‘Buy’ and then choose ‘Car’
   3. Mention whether you want a cover for a new vehicle or an existing one and provide the vehicles registration number
   4. Then you have to provide your mobile number, email ID and authorise the company’s executive to call you and help you buy the plan
   5. Click ‘Get quote’ to find the premium payable
   6. Provide the details of your car, claim history, existing policy details (if any) and you can check the IDV offered and the corresponding premium
   7. You can choose add-ons if you require and the premium would be adjusted accordingly
   8. You can then enter your details, pay the premium and the policy would be issued
2. Buying from Turtlemint –

   Turtlemint offers you an easy platform to help you buy a car insurance policy. The process is as follows –

   1. Visit Turtlemint’s website at https://www.turtlemint.com/
   2. Choose ‘Car’ and provide your car’s registration number
   3. You would also have to provide other details of your car like its type, model, fuel variant, claim history, existing policy details (if any), etc.
   4. You can provide your contact details if you need help in buying the policy or you can skip and cheque your car insurance quotes
   5. Turtlemint shows car insurance policies of different insurance companies along with TATA AIG. You can compare and choose the best plan as per your needs
   6. You can also opt for add-ons and make your policy comprehensive
   7. Thereafter you have to enter in your personal details which would be mentioned in the policy document
   8. Pay the premium online and the policy would be issued

How to renew TATA AIG car insurance plans?

Renewal of TATA AIG’s car insurance plans can also be done offline or online just like buying the policy. You can choose to renew from TATA AIG’s website or from Turtlemint.

To renew from TATA AIG’s website, the following steps would be needed –

1. Visit TATA AIG’s website https://www.tataaig.com/ and choose the tab ‘Renew’.
2. Under ‘Renew’ choose ‘Car’
3. Provide your mobile number and the existing TATA AIG’s policy number.
4. You would be shown your existing policy details.
5. If you need you can make changes in your existing policy like adding or deducting add-ons.
6. The renewal Insured Declared Value and its premium will be shown.
7. Pay the renewal premium online and the policy would be renewed.

If you want to renew an existing policy which has been bought from another insurance company, you would have to choose ‘Buy’ rather than ‘Renew’ and follow the above-mentioned process for buying a car insurance policy from TATA AIG.

To renew from Turtlemint, the process is similar to buying the policy. It is as follows –

1. Visit https://www.turtlemint.com/ and choose ‘Car’
2. Provide your car registration number to proceed.
3. Enter the car’s make and model, registration year, existing policy details, claim details and other required details.
4. Provide your contact information.
5. You can then see the different car insurance quotes offered by different car insurance companies.
6. Compare the quotes and select the best car insurance policy for your car.
7. Pay the premium online and the policy would be issued in an instant.

Why buy or renew TATA AIG car insurance online?

You can buy or renew TATA AIG car insurance online, thanks to the online facility offered by the company as well as other platforms like Turtlemint. Buying or renewing online has various benefits. These benefits are as follows –

• You can buy the policy instantly, in some simple steps. Thus, you can avail of instant coverage against possible financial losses.
• When you buy or renew TATA AIG car insurance online, you do not have to visit the branch office nor do you have to wait for an insurance agent. You can buy or renew in real-time, anytime and anywhere.
• You also get the chance to compare different car insurance plans when you buy or renew online, especially when you choose Turtlemint. Turtlemint is tied up with leading insurance companies allowing you to compare and buy the best policy.
• The online platform is safe and secured. You can also pay the premium through any digital means without having to carry or arrange for cash.

So, buy or renew TATA AIG car insurance online and choose Turtlemint for a hassle-free experience.

Documents required to buy/renew TATA AIG car insurance plan:

To buy TATA AIG’s car insurance policy you would need to submit a copy of the following documents –

1. The RC book of your car
2. PUC certificate of the car
3. Driving license
4. Age proof
5. Address proof
6. Identity proof
7. Photographs of the damage

How to make a claim under TATA AIG’s car insurance policy?

Claims under TATA AIG’s car insurance plans occur in the following instances –

1. Third-party claim:
   If you hurt a third party or damage third party property
   1. Inform the insurance company immediately after a claim occurs
   2. File a police FIR which is a must
   3. The claim would be taken to the motor accidents tribunal where the liability would be determined
   4. Once the tribunal orders the liability to be paid, the insurance company would pay the liability and settle your claim
2. Own Damage Car Claim:
   If your car is damaged and needs repairs:
   1. Inform the insurance company immediately after a claim occurs
   2. The company would tell you about the nearest garage which is tied up with it. You would have to take your vehicle to the specified garage for repairs. You can also choose any other tied up garage for cashless claims. If, however, you choose a non-networked garage, claims would be settled on a reimbursement basis
   3. At the preferred garage, the insurer’s surveyor would survey the damage and assess the repair cost
   4. The surveyor would prepare a claim report and file it with the insurance company
   5. The company would assess the claim report and approve the claim
   6. Once the claim is approved, repairs would start
   7. After the repairs are done the bill is settled by the insurance company.
   8. You have to pay your share of the claim and take the delivery of the vehicle
3. Stolen Car:
   If your car is stolen:
   1. Inform the insurance company immediately after a claim occurs
   2. File a police FIR which is necessary for theft claims
   3. The police would try and locate the car. If they cannot do so, they would issue a non-traceable certificate for your car
   4. This certificate should be submitted to the insurance company along with other relevant documents
   5. The insurance company would then pay the Insured Declared Value of the car as a claim

Rather than following the above-mentioned steps, you can get your car insurance claims easily settled through Turtlemint’s help. For getting the claims settled through Turtlemint you simply have to inform Turtlemint through a phone call or an email. Calls can be made at Turtlemint’s toll-free number 1800 266 0101 and emails can be sent at claims@turtlemint.com. Once Turtlemint’s claim handling team is informed, they would coordinate your claim with the insurance company and help you in getting a quick settlement.

Documents required for car insurance claims

For making a valid claim on your car insurance policy, the following documents would have to be submitted to the insurer –

1. Claim form
2. Copy of the RC Book of the car
3. Copy of your driver’s license
4. Copy of the car’s PUC certificate
5. Your KYC documents like your age proof and address proof
6. Policy bond in original

The claim would be settled only after the insurance company verifies your documents and finds them authentic.