Tata AIG General Insurance Overview, Features, Buy/Renew Plans

Tata AIG General Insurance Company Limited is a well-known private insurer founded in the year 2001. It is a joint venture between the Tata Group and American International Group (AIG). The company offers various lines of non-life insurance products that include home insurance, motor insurance, travel insurance and health insurance, commercial insurance and rural insurance and more. Tata AIG insurance is a trusted brand in providing innovative risk solutions. Let’s take a look at certain facts about the company.

• The company has an asset base of approximately INR 10,050 Cr (as on 31st March 2019). 
• The company has a widespread network of branches of more than 200 offices, 22,000 + licensed agents and other such employees and claim experts. 
• The company offers various well-thought-out products under the commercial and personal segments with various financial covers.
• Tata AIG insurance has celebrated 16+ years of experience
• The company was awarded as ‘’Best Employer of the Year’’ by Asia Insurance Review, Singapore
• The company was awarded as ‘’Claims Service Company of the Year’’ by Indian Insurance Awards 2012
• The company was recognised as ‘’Best Travel Insurance Company of the Year’’ by CNBC Awaaz Travel Awards 2013

Types of Products Offered by Tata AIG General Insurance

Tata AIG General Insurance Company offers a variety of products in its product portfolio which can suit changing and varying needs of various customer segments such as retail, commercial and rural. Following are the types of products offered by the company:

Personal Category

• Travel Insurance Plans
• Motor Insurance Plans
• Health Insurance Plans
• Home Insurance Plans
• Accident Insurance Plans
• Pradhan Mantri Fasal Bima Yojana (PMFBY)
• Rural Insurance Plans

Business Category

• Motor Insurance Plans
• Health Insurance Plans
• Travel Insurance Plans
• Small Business Insurance Plans
• Fire and Engineering Insurance Plans
• Marine Cargo Insurance Plans
• Casualty Insurance Plans

Let’s learn various plans available in the personal category

Tata AIG Health Insurance Plans

Health is wealth. But health emergencies can come unexpectedly. Considering the rising healthcare inflation, having adequate health insurance is the need of the hour. Tata AIG Insurance offers a variety of health plans to suit the diverse healthcare needs of people with 3,000+ network hospitals across the country. Following are the plans offered by the company:

1. Tata AIG MediCare Plan

MediCare is a comprehensive health insurance plan offered by Tata AIG Insurance Company. This policy can be availed on an individual or on a family floater basis. With some amazing features and additional benefits, MediCare provides complete protection against unexpected health contingencies.

Features of Tata AIG MediCare Plan

• Global cover for hospitalisation (inpatient and daycare) provided that the diagnosis was made in India
• Major benefits include restoration of the sum insured, bariatric surgery cover, in-patient treatment, pre and post hospitalisation cover, cumulative bonus, daycare procedures, vaccination cover, domiciliary treatment, organ donor and AYUSH (Ayurveda, Unani, Sidha and Homeopathy) cover.
• Additional benefits are provided such as second opinion, ambulance cover, hearing aid, in-patient dental cover, compassionate travel and consumables benefits etc
• Accidental death benefits can be availed optionally.
• Discount on premium rate for availing cover for long-term and for family
• Flexibility to choose the policy tenure – one or two or three years

Eligibility Criteria for Tata AIG MediCare Plan

Entry age	18 years to 65 years
Renewability	Lifelong renewable
Entry age for dependent children	91 days
Pre-entrance medical check-ups	Not required up to 45 years of age
Relationships covered	Self, spouse, dependent children, dependent parents
Co-payment	10% co-payment is applicable
Pre-existing illnesses waiting period	36 months
Sum insured	INR 3,00,000 to INR 20,00,000

2. Tata AIG Medicare Premier Plan

It is a comprehensive health plan with extensive coverage. This can be availed as an individual or as a family floater plan. The plan offers various innovative and beneficial features.

Features of Tata AIG Medicare Premier Plan

• Worldwide cover for medical expenses relating to inpatient and daycare hospitalisation provided that the diagnosis was made in India
• Main benefits offered include the automatic restoration of the sum insured, bariatric surgery, in-patient treatment, pre and post hospitalisation, domiciliary treatment, ambulance cover, AYUSH benefits, daycare procedures, accidental death benefit, maternity benefit, organ donor cover, vaccination cover, compassionate travel and consumable benefits
• Additional special benefits like the second opinion, hearing aid, emergency air ambulance, high-end diagnostics, first-year vaccinations for baby, prolonged hospitalisation and OPD dental treatment etc.
• Flexibility to choose the policy tenure between one to three years
• Discounts on including family members and for long-term coverage

Eligibility Criteria for Tata AIG Medicare Premier Plan

Entry age	18 years to 65 years
Renewability	Lifelong renewable
Entry age for dependent children	91 days
Pre-entrance medical check-ups	Not required up to 45 years of age
Relationships covered	Self, spouse, dependent children, dependent parents
Co-payment	Not applicable
Pre-existing illnesses waiting period	24 months
Sum insured	INR 5,00,000 to INR 50,00,000

3. Tata AIG MediCare Protect Plan

MediCare Protect is a simple and comprehensive plan that covers major health contingencies. Plan can be availed as an individual or on family floater basis.

Features of Tata AIG MediCare Protect Plan

• Major benefits offered by the plan are restoration benefit, daycare procedures, cumulative bonus, consumables benefit, in-patient cover, organ donor, ambulance cover, domiciliary treatment, pre and post hospitalisation cover, compassionate travel and AYUSH benefits
• Health check-up and accidental death benefits are offered additionally
• Flexibility to choose the policy tenure between one to three years
• Discounts on including family members and for long-term coverage

Eligibility Criteria for Tata AIG MediCare Protect Plan

Entry age	18 years to 65 years
Renewability	Lifelong renewable
Entry age for dependent children	91 days
Pre-entrance medical check-ups	Not required up to 45 years age
Relationships covered	Self, spouse, dependent children, dependent parents
Co-payment	10% co-payment applicable
Pre-existing illnesses waiting period	48 months
Sum insured	INR 2,00,000 to INR 5,00,000

4. Tata AIG Wellsurance Executive Plan

This plan offered by Tata AIG insurance is a plan that covers major health emergencies along with critical illness. The policy comes with many unique features and benefits.

Features of Tata AIG Wellsurance Executive Plan

• Along with hospitalisation and post hospitalisation expenses cover, the policy offers many value-added services like free health line, health query and wellness and e-newsletter etc 
• Critical illness benefit for 9 major illnesses with major and minor surgical benefits
• Flexibility choose the coverage in 3 different variants – Classic, Supreme and Elite
• Additional benefits like convalescence and ambulance benefit

Eligibility Criteria for Tata AIG Wellsurance Executive Plan

Entry age	18 years to 65 years
Renewability	Lifelong renewable
Pre-existing illnesses waiting period	Pre-existing illnesses arenot covered
Sum insured	Classic – INR 3,00,000 Supreme – INR 5,00,000 Elite – INR 7,50,000

5. Tata AIG MediSenior Plan

The policy is specially designed to meet the healthcare needs of senior citizens during their golden years of life. The policy can be taken on an individual or floater basis.

Features of Tata AIG MediSenior Plan

• Long-term (for two years cover) discount of up to 7.5%
• The policy covers kidney and other organ transplants which will bear the cost for an organ donor.
• Coverage under the policy includes in-patient treatment and treatment at home, pre and post hospitalisation cover and daycare procedures
• Coverage for 140-day care procedures
• Flexibility to choose the policy tenure 

Eligibility Criteria for Tata AIG MediSenior Plan

Entry age	61 years and above
Renewability	Lifelong renewable
Pre-entrance medical check-ups	Required
Relationships covered	Self and spouse
Co-payment	15% to 30% co-payment is applicable
Pre-existing illnesses waiting period	48 months
Sum insured	INR 2,00,000 to INR 5,00,000

6. Tata AIG Wellsurance Woman Plan

The policy is specially crafted for women to cover the 11 major critical illnesses.

Features of Tata AIG Wellsurance Woman Plan

• Along with ambulance charges, ICU charges and cosmetic reconstruction surgery, the policy offers coverage for many value-added services like free health line, health query and wellness and e-newsletter etc 
• Coverage for critical illnesses suffered by women
• Flexibility to choose among 3 variants – Classic, Supreme and Elite

Eligibility Criteria for Tata AIG Wellsurance Woman Plan

Entry age	18 years to 65 years
Renewability	Lifelong renewable
Pre-existing illnesses waiting period	Pre-existing illnesses are not covered
Sum insured	Classic – INR 3,00,000 Supreme – INR 5,00,000 Elite – INR 7,50,000

7. Tata AIG MediPlus Plan

It is a top-up plan offered by Tata AIG insurance that is designed to provide extra coverage over and above the base health plan. 

Features of Tata AIG MediPlus Plan

• Policy covers in-patient treatments, organ transplant, pre and post hospitalisation and domiciliary treatment
• A long-term discount of up to 7.5% and family discount of up to 10% are offered by the policy.
• 140-day care procedures are covered
• Cover for dental treatments 
• Flexibility to choose policy tenure

Eligibility Criteria for Tata AIG MediPlus Plan

Entry age	18 years to 65 years
Renewability	Lifelong renewable
Entry age for dependent children	91 days
Pre-entrance medical check-ups	Not required up to 45 years of age
Relationships covered	Self, spouse, dependent children, dependent parents
Deductibles	INR 1,00,000 to INR 5,00,000
Pre-existing illnesses waiting period	48 months
Sum insured	INR 5,00,000

8. Tata AIG MediRaksha Plan

Tata AIG MediRaksha plan provides greater security with more coverage at an affordable rate. The plan comes with many attractive features.

Features of Tata AIG MediRaksha Plan

• Main benefits include in-patient treatment, organ donor and daycare procedures
• 144-day care procedures are covered
• A long-term discount of 7.5% and Family discount up to 10%
• Flexibility to choose the policy tenure 
• Coverage can be availed as couple insurance

Eligibility Criteria for Tata AIG MediRaksha Plan

Entry age	18 years to 65 years
Renewability	Lifelong renewability
Entry age for dependent children	91 days
Pre-entrance medical check-ups	Not required till 55 years of age
Relationships covered	Self, spouse, dependent children and dependent parents
Pre-existing illnesses waiting period	48 months
Sum insured	INR 50,000, INR 75,000 or INR 1,00,000

9. Tata AIG Wellsurance Family Plan

It is a single plan to protect the entire family against health contingencies. The policy covers 11 major critical illnesses on the diagnosis.

Features of Tata AIG Wellsurance Family Plan

• Along with intensive care unit benefit, ambulance charges and hospitalisation cover, there are many value-added services like free health line, health query and wellness and e-newsletter etc are offered by the policy
• Additional benefits offered are in-hospital benefits for accident and sickness, convalescence and education benefit
• The policy provides coverage for 11 major critical illnesses (specified)
• Flexibility to choose the plan among 3 variants – Classic, Supreme and Elite

Eligibility Criteria for Tata AIG Wellsurance Family Plan

Entry age	18 years to 65 years
Renewability	Lifelong renewable
Entry age for dependent children	6 months
Relationships covered	Self, spouse and dependent children
Pre-existing illnesses waiting period	Pre-existing illnesses are not covered
Sum insured	Classic – INR 2,00,000 Supreme – INR 3,00,000 Elite – INR 4,00,000

10. Tata AIG Critical Illness Policy

This plan is specially crafted by Tata AIG insurance to protect the insured against various critical illnesses. The policy pays out a lump sum benefit.

Features of Tata AIG Critical Illness policy

• Worldwide protection cover for various critical illnesses such as cancer, heart attack, stroke, CABG, organ transplant, kidney failure, blindness, bone marrow transplant, multiple sclerosis, major burns and paralysis.
• Facility to enhance the sum assured
• Coverage for the second opinion

Eligibility Criteria for Tata AIG Critical Illness policy

Entry age	18 years to 65 years
Renewability	Lifelong renewable
Pre-existing illnesses waiting period	48 months
Sum insured	INR 2,50,000 to INR 15,00,000

Tata AIG Home Insurance Plans

House is the costliest and most treasured asset that one owns. It’s important to protect the house from various unforeseen circumstances. Home insurance plans provide protection to the property against various types of risks such as accidents, thefts and perils damage. Tata AIG Insurance offers a variety of home insurance plans to cater to the diverse needs of people. Following are the plans offered by the company:

1. Tata AIG Instachoice Plan

It is a self-insurance product that allows individuals to choose, customise and design their own home insurance plan instantly.

Features and Benefits of Tata AIG Instachoice Plan

• The policy can be easily and instantly purchased without any documentation
• Flexibility to decide the premium amount based on the coverage chosen
• Covers domestic appliances as old as 8 years
• Offers burglary cover for jewellery
• Coverages include fire and special perils, rent for alternative accommodation, public liability, burglary and theft, baggage loss, auto and audiovisual appliances, breakdown of domestic appliances, purchase protection and personal accident.

2. Tata AIG Home Secure Supreme Plan

It is a flexible home insurance plan offered by Tata AIG insurance with customisable features. The policy offers 15 comprehensive coverage options to choose from.

Features and Benefits Tata AIG Home Secure Supreme Plan

• Coverages include fire and special perils, public liability, burglary, pedal cycle, baggage loss, auto and audiovisual appliances, ambulance charges, medical expenses, breakdown of domestic appliances, expenses for temporary resettlement, purchase protection and personal accident.
• All risk cover jewellery and valuables

3. Tata AIG Home Coupon Plan

This plan provides on the spot coverage to home with minimal documentation

Features and Benefits of Tata AIG Home Coupon Plan

• The policy provides coverage for fire and allied perils and for burglary on 1st loss
• The plan provides on the spot coverage

4. Tata AIG Standard Fire and Special Perils Plan

This plan provides coverage for the house against fire and some special perils. Anyone residing in a self-owned or rented house can buy this cover.

Features and Benefits of Tata AIG Standard Fire and Special Perils 

• Coverage includes fire, lightning, explosion/implosion, riot, strike and malicious damage, aircraft damage, impact damage by road, rail, and animal by direct contact, bush fire, landslide, rockslide, floods, storm, inundation, missile testing operations and earthquakes.

Tata AIG Motor Insurance Plans

Car or bike is one of the most valuable assets owned by individuals. A lot is spent on choosing the dream model, it’s important to protect them from any unforeseen contingencies. Availing comprehensive motor insurance is the ideal way. Motor insurance is also a legal compulsion in India. It’s mandatory to have third-party liability motor insurance cover for any vehicle to ply on Indian roads. Following are the motor insurance policies offered by Tata AIG insurance.

1. Tata AIG Auto Secure – Private Car Package Policy

Tata AIG Auto secure – private car policy is a comprehensive car insurance policy offered by Tata AIG insurance. The policy is customisable along with providing extensive coverage. Following are the coverages offered under the plan:

• Loss or damage to the vehicle insured
  Car insurance policies indemnify the insured against loss or damage to the vehicle insured from any of the following natural calamities and man-made calamities
1. Fire, explosion
2. Lightning or self-ignition
3. Riot and strike
4. Earthquake (fire and shock damage)
5. Malicious act
6. Accidental and external damage
7. Flood, hurricane, typhoon, storm, inundation, tempest, hailstorm and cyclone
8. Terrorist activity
9. Theft, burglary or housebreaking
10. While in transit by road, rail, inland waterways, air, lift or elevator
11. Landslide or rockslide
12. Burglary, housebreaking or theft
• Liabilities to third parties
  Car insurance policy indemnifies the insured in the event of an accident caused by or arising out of the vehicle against all sums which the insured shall become legally liable to pay in respect of –
1. Death or bodily injury caused to a third party (including occupants carried in the vehicle)
2. Damage to property of the third party
• Personal accident cover for owner-driver
  Tata AIG insurance compensates for bodily injury/ death sustained by the owner-driver of the vehicle up to INR 15 lakhs, in direct connection with the vehicle insured. The scale of compensation depends on the nature of the injury
• 13 add-ons on Tata AIG Auto Secure – Private Car Package Policy

  The policy offers 13 different add-ons such as depreciation reimbursement, return to invoice, roadside assistance and no claim bonus protection and many more to allow customisation. These add-ons can be included to the base cover depending on the requirement at an additional cost of the premium.

2. Tata AIG Auto Secure – Two Wheeler Package Policy

Two-wheeler insurance package of Tata AIG insurance provides comprehensive coverage against all possible risks. Following are the coverages offered:

• Loss or damage to the vehicle insured
  The company indemnifies the insured against loss or damage to the vehicle insured from any of the following natural calamities and man-made calamities
1. Fire, explosion
2. Lightning or self-ignition
3. Riot and strike
4. Earthquake (fire and shock damage)
5. Malicious act
6. Accidental and external damage
7. Flood, hurricane, typhoon, storm, inundation, tempest, hailstorm and cyclone
8. Terrorist activity
9. Theft, burglary or housebreaking
10. While in transit by road, rail, inland waterways, air, lift or elevator
11. Landslide or rockslide
12. Burglary, housebreaking or theft
• Liabilities to third parties
  The company indemnifies the insured in the event of an accident caused by or arising out of the vehicle against all sums which the insured shall become legally liable to pay in respect of –
1. Death or bodily injury caused to a third party including occupants carried in the vehicle
2. Damage to third party property
• Personal accident cover for owner-driver
  Tata AIG insurance will pay for accidental death or bodily injury sustained by the owner-driver of the vehicle.
• Add-ons on Tata AIG Auto Secure – Two Wheeler Package Policy

Add-ons to customise the cover are offered such as consumable cover, emergency medical expenses and personal accident cover for unnamed persons etc.

3. Tata AIG Long Term Two Wheeler Package Policy

This plan provides comprehensive cover for the long-term. Following are the coverages provided

• Own damage
  The coverage is provided for own vehicle against various natural and man-made calamities mentioned below:
1. Fire, explosion
2. Lightning or self-ignition
3. Riot and strike
4. Earthquake (fire and shock damage)
5. Malicious act
6. Accidental and external damage
7. Flood, hurricane, typhoon, storm, inundation, tempest, hailstorm and cyclone
8. Terrorist activity
9. Theft, burglary or housebreaking
10. While in transit by road, rail, inland waterways, air, lift or elevator
11. Landslide or rockslide
12. Burglary, housebreaking or theft
• Liabilities to third parties
  The company indemnifies the insured in the event of an accident caused by or arising out of the vehicle against all sums which the insured shall become legally liable to pay in respect of –
1. Death or bodily injury caused to a third party including occupants carried in the vehicle – unlimited cover
2. Damage to third party property – up to INR 100,000
• Personal accident cover for owner-driver

Tata AIG insurance will pay for accidental death or bodily injury sustained by owner-driver of the vehicle for up to INR 15 lakhs

4. Tata AIG Auto Secure – Commercial Vehicle Package Policy

A commercial vehicle is a livelihood for many. The policy provides complete protection against various contingencies related to a commercial vehicle. Coverage is provided for goods carrying vehicle, taxis, passenger-carrying vehicles, tractors, cranes and trailers. Following are the covers offered.

• Liabilities arising out of the third party when the commercial vehicle is involved in road accidents
• Financial loss arising out of theft or accidental damage to the vehicle insured
• Coverage extension through six different add-ons

Tata AIG Travel Insurance Plans

Travelling is an exciting experience. Be it for leisure or for business, be it a solo trip or with the family, be it a domestic or international trip, the entire journey needs to be hassle-free and cherishable. Travel insurance offered by Tata AIG insurance provides complete protection against any adverse situations, both medical and non-medical during the travel. Tata AIG insurance is known to provide round the clock worldwide assistance. Following are the various travel plans offered by Tata AIG insurance:

1. Tata AIG Travel Guard Plan

Tata AIG Travel Guard Plan is an international health insurance policy offered by Tata AIG insurance to provide comprehensive coverage against various non-medical and medical risks during travel overseas. The coverage includes checked-in lost baggage, misdirected or delayed baggage, home burglary, loss of passport, hijacks, flight delay, unavailability of flights, cancelled bookings of accommodation and personal liability etc. Medical coverage in the policy includes accidental death and injury, dental treatment, sickness, emergency transportation and pre-existing condition or any other complications are covered. The policy cover can be availed on multi-trip or single trip basis. Coverages under the plan are offered differently with many variants of plan available. Medical coverage of up to $0.5 million is offered under the plan.

2. Tata AIG Student Guard – Overseas Health Insurance Plan

Tata AIG Student Guard Plan is an international travel insurance plan designed by Tata AIG insurance specifically for students travelling overseas for higher education. The policy comes in many variants with maximum coverage of up to $ 500,000. The coverage under the policy includes baggage loss, baggage delay, hijack cash benefits, loss of passport, missed departure, missed connection, personal liability, trip delay and fraudulent charges etc. Medical coverage under the policy includes accident and sickness medical expenses, accidental death and dismemberment, expenses incurred for repatriation of mortal remains back to India and compassion visit of the family during hospitalisation etc. coverage also includes study interruption in case of injury, sickness or terminal illness and sponsor protection cover. Basically, the policy takes care of students overseas so they stay focused on studies without any hassles.

3. Tata AIG Asia Travel Guard Policy

Tata AIG Asia Travel Guard policy offered by Tata AIG insurance is a plan that is designed to give travel protection for trips to Asian countries (excluding Japan and Korea). The policy comes with a variety of benefits and coverages. Non-medical coverage under the policy includes baggage delay, baggage loss, personal liability and loss of passport etc. Medical benefits under the policy include accidental death and disabilities, emergency medical evacuation, repatriation of mortal remains and accident & sickness medical expenses benefit. Additionally, the arrangement of admission to hospital service is offered by the policy. Individuals up to 70 years of age can avail cover under this policy.

4. Tata AIG Domestic Travel Guard Policy

Tata AIG Domestic Travel Guard policy offered by Tata AIG insurance makes sure the domestic travels are extensively covered and the experience of a trip is relaxed and pleasant. The coverage includes loss of tickets, reimbursement of accommodation expenses, property damage and personal liability, missed flights and delayed flight etc. Medical cover includes reimbursement of treatment, transportation and medical supplies during hospitalisation, death and injury etc. However, pre-existing health conditions are not covered under the policy.

Tata AIG Accident Insurance Plan

Accidents are unexpected and inevitable. Tata AIG Insurance offers various individual personal accident plans to provide protection against accidental injury or death. Following are the plans offered by the company:

1. Tata AIG Accident Guard Policy

This policy provides comprehensive coverage against accidental death and disabilities. Coverage can be availed from INR 5 lakhs to INR 1 Cr. 

Features of Tata AIG Accident Guard Policy

• The policy is lifelong renewable
• Option to increase the sum assured at the time of renewal
• Children’s education benefit
• Repatriation expenses if the death occurs away from the place of residence
• Offers double accidental dismemberment benefit for eligible children covered under the plan

2. Tata AIG Accident Shield Plan

The policy provides all-round cover for death and disability caused due to an accident

Features of Tata AIG Accident Shield Plan

• Lump-sum death compensation in case of death due to an accident
• Children’s education benefit 
• Compensation for disabilities 

3. Tata AIG Injury Guard Policy

The policy provides extensive coverage for any loss of life or disability caused by minor or major accidents.

Features of Tata AIG Injury Guard Policy

• Lump-sum benefits are payable in case of accidental death 
• Compensation for disability and injury caused due to an accident
• Reimbursement for the cost of modifying a vehicle or house
• Sum assured can be enhanced at the time of renewal

4. Tata AIG Secured Future Plan

The policy offers coverage for all the adversities caused by an accident.

Features of Tata AIG Secured Future Plan

• Compensation for accidental death and dismemberment
• Option to choose the guaranteed monthly income amount for a period of 5 to 20 years
• Sum assured can be enhanced at the time of renewal

5. Tata AIG Maha Raksha – Personal Injury Policy

This plan provides comprehensive coverage against every type of accidental injury along with death and disability.

Features of Tata AIG Maha Raksha- Personal Injury Policy

• Compensation for loss of life and dismemberment due to an accident 
• No loading charges at the time of renewal
• The policy is lifetime renewable
• No medical examination needed for enrolling into the policy
• Cash benefit

6. Tata AIG Secured Income High Policy

The plan comes with various attractive features to protect the family’s future during an unfortunate accident.

Features of Tata AIG Secured Income High Policy

• Round the clock worldwide coverage
• Sum insured enhancement benefit
• Compensation for death and disability. The amount is paid in both lump sum and in monthly instalments for the next 60 months after the payment of initial lump sum benefit
• Daily hospital cash allowance for a maximum of 5 days

7. Tata AIG Income Guard Plan

The plan provides adequate protection to the family of insured in case of accidental death and disabilities.

Features ofTata AIG Income Guard Plan

• Compensation for accidental death, dismemberment and permanent total loss of use.
• The policy is lifelong renewable
• Sum insured enhancement benefit

Pradhan Mantri Fasal Bima Yojana (PMFBY)

Pradhan Mantri Fasal Bima Yojana was introduced in the year 2016 by the Government of India for the welfare of farmers in order to reduce their agricultural distress. Basically, the plan provides financial support to the farmers suffering from crop loss or damage due to unforeseen events. The plan helps farmers to adopt innovative and modern agricultural practices by providing coverage to food crops (millets, cereals and pulses), annual horticultural crops and oilseeds.

Rural Insurance Plans

• Rural Motor Insurance Plan

  The plan provides comprehensive protection for tractors, two-wheelers, private car and commercial vehicles against various unforeseen risks at an affordable rate.

• Rural Property Insurance Plan

  The policy provides extensive coverage for home, shops, outlets, schools and machinery (pump sets) in rural India from various risks.

• Rural Accident Insurance Plan

  The policy provides coverage for accidental death, dismemberment, repatriation of mortal remains, emergency medical expenses, permanent total disability, permanent partial disability, accident hospital cash and tuition benefits etc.

• Livestock (cattle) Insurance Plan

  The policy provides comprehensive coverage of cattle against death due to diseases, natural calamities, accidents, riots, malicious damage, terrorism, permanent loss of milk yielding capacity due to disease.

• Rural Health Insurance Plan

  Tata AIG Insurance provides health and accident insurance cover for the rural population at a lower rate of premium. Coverage includes accidental death, dismemberment, disappearance, repatriation of mortal remains, emergency medical expenses, permanent total disability, permanent partial disability, accident hospital cash and tuition benefits etc.

  Now, let’s learn various plans offered under the business category.

Tata AIG Corporate Insurance Plans

Tata AIG Auto Secure Corporate Fleet Plan

The policy provides coverage against any loss or damage to the vehicle caused by any accidental external means and third party losses. 

Tata AIG Corporate Health Insurance Plans

Health insurance plans offered by Tata AIG Insurance for the corporate help them build employee loyalty by giving them comprehensive health insurance coverage at an affordable price. Following are the health plans offered by the company:

• Group Personal Accident Plan
• Group Multi Guard Plan

Tata AIG Corporate Travel Insurance Plans

Corporate travel plans of Tata AIG Insurance helps the employer to buy specialised travel solutions for their employees with worldwide assistance. Following are the travel insurance plans offered by the company for corporates

• Business Travel Accident Plan
• Small Business Travel Accident Plan

Tata AIG Small Business Insurance Plans

Tata AIG Insurance Company offers a variety of insurance solutions for small businesses to help them protect their business assets, income and properties from various risks and unforeseen events. Following are the various plans offered by the company.

• Shop Insurance Plan
• Office Insurance Plan
• Education Institutes Insurance Plan
• Hotel and Restaurants Insurance Plan
• Housing Society Insurance Plan
• Package Insurance Plan

Tata AIG Fire and Engineering Insurance Plans

Tata AIG Insurance provides a wide range of business insurance solutions irrespective of the business size so that the businesses can get adequate cover against all kinds of risk exposures. Following are the various types of plans offered by the company for covering a diverse range of perils.

• Standard Fire and Special Perils Policy
• Boiler and Machinery Plan
• Consequential Loss (Fire) Insurance Plan
• Contractors All Risks Policy
• Industrial All Risks Insurance Plan
• Erection All Risks Policy

Tata AIG Marine Cargo Insurance Plans

AIG is known as the world leader for providing the best marine insurance solution. Tata AIG insurance offers coverage against various marine perils to the businesses. Following are the plans offered by the company:

• Marine Sales Turnover Policy (STOP)
• Innovative Marine Solutions Plan

Tata AIG Casualty Insurance Plans

Expensive lawsuits can make a successful business to take a halt. Tata AIG Insurance Company specialises in providing customised liability insurance solution to cover a wide range of liability exposure for businesses. Following are the plans offered by the company.

• Public/General Liability Insurance Plan
• Product Liability Insurance Plan
• Contaminated Products Insurance Plan
• Pollution Legal Liability Insurance Plan
• Commercial General Liability Insurance Plan
• Workmen’s Compensation Policy
• Umbrella liability Policy

How to Buy Tata AIG Insurance Plans?

You can purchase Tata AIG Insurance plans both offline and online modes. Offline plans are sold by the insurance company directly at the branch offices and also can be purchased through insurance advisors.

You can also buy them online on their company’s website with some simple buying process to follow.

However, Turtlemint offers the easiest way to buy Tata AIG Insurance plans online with an option to compare similar insurance plans available in the market. Following is the simple process to buy health and motor insurance plans of Tata AIG Insurance Company online through Turtlemint –

• Go to www.turtlemint.com and choose the category of insurance plan that you would want to purchase
• To buy a health insurance plan, you need to –
• Share your profile details which would include –
• Gender
• Age
• Age of the members who you want to cover
• Information about pre-existing illnesses
• The annual income level of the family
• Area PIN code
• Once you provide the details, a list of the best health insurance plans available in the market are displayed
• You can select a suitable plan for you
• After choosing the plan, you need to fill in an online application and then proceed for payment
• Once the payment is made online, you would be able to buy the plan easily
• To buy a motor insurance plan, you need to,
• Enter the vehicle number or you can continue without vehicle number
• Following details would need to enter
• Make and model
• Manufacturing year
• Fuel type
• Variant
• Expiry date
• Previous policy type
• Details of previous claims
• No claim bonus on previous policy
• The insurer of previous policy
• Contact Information
• After providing details, list of the motor insurance plans available in the market are displayed
• choose a suitable plan for you and fill in the online application
• Proceed to make payment online
• Once the payment is done, you would be able to buy the plan easily online.

The Renewal Process for Insurance Plans of Tata AIG Insurance Company

Renewing the insurance plans of Tata AIG Insurance Company is convenient and easy. Following are the steps for renewal of plans through the company’s website-

• Log on to the company’s website and click on ‘renew online’ option in home page
• Provide your policy details and pay the premium online. Once the payment is done policy would be renewed.

Renewal of Tata AIG Insurance plans can also be done through Turtlemint online. If you have purchased a policy through Turtlemint, you would be having user details to access online. Log in with your user credentials and access the existing policy details on turtlemint website. Click on ‘renew’ option, pay the renewal premium and renew your policy easily.

Claim Process for Tata AIG Insurance Plans

Claim process for Tata AIG Insurance plans are quite simple, easy and quick. Process varies for each category of products. Let’s take a look at claim process for main categories like motor and health insurance plans

Health Insurance Claims Process

Health insurance claims can be settled in two ways by Tata AIG Insurance

1. Cashless Health Insurance Claim process

If the insured takes the treatment in-network hospitals, below process needs to be followed:

• Place pre-authorisation request for cashless claims. TPA needs to be contacted 48 hours before admission to the hospital in case of planned hospitalisation and within 24 hours of hospitalisation in case of emergency hospitalisation.
• Submit the relevant documents to a third party administrator (TPA) for seeking approval from the insurer.
• Once the cashless request is approved, additional documents are to be produced by the hospital to process the claim
• Once documents are reviewed and verified, the claim will be directly settled with a network hospital.

2. Reimbursement Health Insurance Claim process

In case insured takes the treatment in non-network hospitals, below process needs to be followed:

• Claim intimation to the insurer 
• Collect all the original documents from the hospital at the time of discharge
• Submit all original documents received from the hospital along with duly filled claim form and other relevant documents, if any.
• The insurer will scrutinise and verify all the documents submitted 
• If the claim gets approved, the claim amount will be credited within the specified time limit

Motor Insurance Claims Process

Following is the process to be followed:

• Immediately notify Tata AIG Insurance on the occurrence of a claim event
• Take the vehicle to the nearest network garage
• Surveyor will do the survey and give an estimate
• Submit relevant documents 
• Based on surveyor’s estimate, the company will directly settle the claim with the network garage
• If the vehicle is not taken to the network garage, you can get the reimbursement done later.

For any other queries, you can contact Turtlemint support team on 1800-266-0101 or Tata AIG Insurance Company.

Tata AIG Insurance – Company Address and Contact Information

Address: Tata AIG General Insurance Company Limited, Peninsula Business Park, Tower A, 15th Floor, G K Marg, Lower Parel, Mumbai – 400 013

Toll Free number: 1800 266 7780 / 1800 22 9966 (only for senior citizen policyholders)

Fax Number: 022 66938170

Email ID: customersupport@tataaig.com