Tag Archives: policy

Featured

Why Choose Tata AIG Car Insurance for Your Vehicle?


Buying car insurance is an essential step as it determines the financial protection you receive for your car’s losses.

Getting a new car insured is crucial for legal compliance and protection against liabilities, accidents, and natural disasters.

Since it’s now possible to buy car insurance online, it’s important to choose a reputable insurer like Tata AIG to ensure value for money and quality services.

Here are some key reasons to consider buying car insurance from Tata AIG.

About Tata AIG

Tata AIG, a joint venture between Tata Group and American International Group (AIG), has been a top insurance provider in India for over 22 years, offering general insurance, including motor insurance. Their strong points include travel and health insurance as well.

With a dedicated claims team and extensive customer service, Tata AIG ensures quality service for their customers.

If you buy a Tata AIG car insurance policy, you can trust that you’re in good hands.

Key Features of Tata AIG’s Car Insurance Policies

Key Features

Benefits Under Tata AIG

Discounts and Affordable Premiums

Save up to 75% on your Tata AIG car insurance premiums by purchasing online from their website.

Claims Assistance

Receive immediate assistance from their claims experts for a smooth claims process.

High Claim Settlement Ratio (CSR)

With a 98% claims settlement ratio, Tata AIG ensures a high settlement ratio for your claims.

Cashless Repairs at Network Garages

Access over 8000 network garages across India for cashless services.

Protection Against Third-Party Damage

Coverage for damages and losses to third parties during accidents.

Own Damage Cover

Protect your car from losses due to accidents, natural disasters, theft, and more.

Customise Your Policy With Add-Ons

Access up to 13 add-ons for comprehensive car insurance protection.

No Claim Bonus (NCB)

Get up to a 50% NCB discount for claim-free years under Tata AIG.

Buy/Renew Your Car Insurance Online

Quick renewals and easy application processes ensure your car is always covered.

24/7 Customer Service

Around-the-clock customer service for policyholders.

Types of Car Insurance Policies by Tata AIG

  • Stand Alone Third Party Car Insurance

This basic third-party car insurance policy provides legal and financial coverage for third-party damages during accidents but does not cover damages to your car.

  • Stand Alone Own Damage Car Insurance

This policy covers damages and losses to your car only and can be bought separately or with third-party car insurance.

  • Comprehensive Car Insurance

This package combines the coverage from a third-party insurance plan and a stand-alone own-damage cover, offering comprehensive protection for both you and the third party during an insured event.

Under Tata AIG, you can choose from 13 unique add-ons to further tailor your policy.

How and Where Can I Get a Tata AIG Car Insurance Policy Online?

You can purchase car insurance online from Tata AIG’s official website. The application process is entirely online, and you only need to provide your contact details and submit your application form.

An insurance agent will finalize the details, and you will receive your policy certificate via email or download it from the official website.

Conclusion

Choosing the right car insurance is crucial for financial protection, and the insurer you choose plays a significant role in determining the quality of services you receive. Tata AIG is a reputable choice in India, offering top-notch services at competitive prices.

Featured

Understanding Tata AIG’s Comprehensive Car Insurance: Features And Inclusions


With Tata AIG’s comprehensive car insurance policy, you are offered easy online claims processes, 24/7 customer support, and a wide range of network garages with cashless facilities. 

A comprehensive car insurance policy is an all-around insurance cover that protects both your car and the third party from losses due to an insured event. These can be damages from accidents, natural disasters, theft, or other instances. 

Tata AIG’s comprehensive car insurance policy extends beyond just a legal obligation. It is a protective shield that protects your car and your savings from unforeseen perils and exorbitant repair costs. In other words, it is the perfect car insurance policy for that brand-new car you just bought. 

In this article, we will explain why you should pick Tata AIG the next time you buy a comprehensive car policy and what features and benefits you can expect under their comprehensive car insurance coverage. 

Why Choose Tata AIG’s Comprehensive Car Insurance?

Tata AIG is a joint venture between the Tata Group and the American International Group (AIG). With over 20 years of experience in the industry, they offer an extensive range of various General Insurance covers that cater to individual and business insurance needs. 

Under their comprehensive car insurance policy, you get the combined coverage of a stand-alone own damage cover, third-party insurance coverage, and a personal accident cover. So you and your car are covered for injuries and losses during accidents, while still getting third-party liability coverage. 

This also means you will get adequately reimbursed for an insured event regardless of who was at fault. Safe to say, you are in good hands when buying a car insurance policy from them. 

Tata AIG’s Comprehensive Car Insurance Coverage – Features and Inclusions

Car Insurance Coverage 

What is Covered?

Third-Party Damages

  • The policy will cover the cost of damages your car incurs onto the third-party individual or their property. 

  • It will also cover the death of the third-party individual.

Theft/Total Loss

If your car is stolen or damaged beyond repair, you will be reimbursed the total IDV of your car. 

Major and Minor Accidental Damage

Repair costs incurred from major and minor road accidents/collisions are covered under comprehensive car insurance.

Natural Disaster Protection

Tata AIG’s comprehensive car insurance policy covers losses due to lightning, earthquakes, floods, hurricanes, and other natural disasters. 

Personal Accident Cover 

Your comprehensive car insurance policy will include a personal accident cover worth ₹15 lakhs. 

  • It will cover medical costs for injuries due to accidents and the cost of transporting you (the owner-driver) to the hospital.

  • Upon death due to injuries sustained from the accident, this whole amount is paid to your policy nominee.

Own Damage Protection 

Your car is covered for damages caused by fires resulting from explosions, self-ignition, and damages due to man-made disasters like terrorism, vandalism, and strikes.

Add-Ons 

You can choose from 12 unique add-on covers to boost your base car insurance coverage.

Comprehensive Car Insurance Add-Ons/Riders 

As stated, you can opt for one or more add-ons under your Tata AIG comprehensive car insurance policy to boost your base coverage. This can be immensely beneficial for anyone looking to get specific coverage for damages they know their car is prone to. 

For example, if you live in a high-risk city, the chances of your car getting into an accident will be quite high. Or if you drive long distances between different cities, your car may suffer a mechanical or electrical breakdown outside city limits, leaving you stranded. 

Tata AIG’s comprehensive car insurance policy offers add-on coverage for both stated instances.

However, you must remember that these add-ons come with an additional premium, so only opt for the coverage you are sure you will need to avoid increasing your premiums too much and overextending your budget.  

Here is the list of offered add-ons you can choose from:

Add-Ons 

What is Covered?

Zero Depreciation

Covers the depreciation cost deducted from your car’s parts during claims, excluding the first two claims.  

No Claim Bonus Protection 

Allows you to file for a fixed number of claims in a policy year while retaining your accrued NCB discount. 

Roadside Assistance

Provides on-road assistance if your car suffers a breakdown outside city limits or in a remote area. 

Return to Invoice

Reimburses you the original total invoice amount of the car in case of a total loss.

Repair of Glass Fiber and Plastic Parts

Covers damage to glass, fibre, and plastic parts without affecting the No Claim Bonus discount. (One claim per policy year)

Daily Allowance

Compensates travel/commute expenses if your car is under repair for an extended period.

Emergency Transport and Hotel Expenses

Financial assistance for overnight stays and commuting expenses if your car is damaged during your journey.

Key Replacement 

Covers lost car key placement costs.

Engine Secure

Covers repair/replacement costs for your car engine due to water damage – Ideal for flood-prone areas.

Tyre Secure

Covers accidental damage to car tyres. 

Consumable Expenses

Cover the cost of replenishing consumables during claims.

Loss of Personal Belongings

Covers the loss of personal belongings during an accident.

Conclusion

Comprehensive car insurance offers the best all-around financial protection. This is especially true if you own a luxury or classic car, as these cars have higher repair costs due to their unique components. 

With Tata AIG’s comprehensive car insurance policy, you are offered easy online claims processes, 24/7 customer support, and a wide range of network garages with cashless facilities. 

These services in addition to the benefits you receive under their car insurance policy, make them the ideal insurer to buy car insurance from. 

Featured

Tips for Renewing Your Tata AIG Car Insurance


Purchasing or renewing a four-wheeler insurance policy is a significant decision that requires thorough research and examination

We all are busy in our fast-paced lives. With various day-to-day challenges and numerous responsibilities, we tend to forget many significant things. One amongst them is a car insurance renewal. 

Insurance companies like Tata AIG provide timely reminders to help policyholders remember the renewal is due. Moreover, the car insurance renewal process has become simple, quick and hassle-free, thanks to online procedures. 

Additionally, the car insurance policy renewal period can be an opportunity to switch plans, including add-ons, or shift to a new insurance provider. For example, if you currently have third-party insurance, you can switch to comprehensive car insurance at the time of renewal.

However, when renewing your policy, certain factors must be considered to ensure you pick a policy that best suits your needs or budget.

Smart Tips to Renew Your Car Insurance with Tata AIG

At Tata AIG, you can renew not only an existing Tata AIG policy but also any other insurance provider’s policy. Additionally, we also allow renewal of expired policies up to 90 days from the policy expiry date.

The best way to renew four-wheeler insurance is through the online mode. However, Tata AIG also offers regular offline modes for car policy renewal. 

Regardless of the mode you select, consider these tips below before renewing.

Assess the type of plan you require

If you wish to upgrade your existing plan or move to another plan (like from third-party or standalone own-damage car insurance to comprehensive insurance), policy renewal is the correct time to switch. Assess your requirements and budget before making a switch.

Compare different four-wheeler insurance policies

You can use policy renewal to move to a different insurance provider. Choosing an insurance provider with a strong market credibility, high claim settlement ratio and reasonable customer satisfaction rate is always recommended. When you opt for car insurance renewal online, comparing policies becomes easier.

Choose add-ons to customise your plan

To mitigate losses not primarily covered in a regular car insurance policy, you can opt for add-ons. Tata AIG offers 12-unique car insurance add-ons to enhance your overall coverage. 

When you opt for a car insurance renewal online, you can easily include add-ons; however, always consider the associated cost.

Opt for voluntary deductible for lower premiums

Voluntary deduction is the portion of the claim the policyholder agrees to pay themselves. For example, if the voluntary deduction opted for is 20%, and the claim amount is ₹1,000, then the policyholder will pay ₹200, and the insurance company will settle the rest ₹800.

The higher the voluntary deductible, the lower your premium will be.

Check network of garages

It is always wiser to opt for an insurance provider with a wider range of network garages, as it saves you from many hassles. For example, Tata AIG has over 7500 network garages nationwide for accessible cashless facilities. Also, use policy renewal to identify the updated list of cashless network garages near you.

Make use of No Claim Bonus

No Claim Bonus is the reward or discount given by the insurance company to the policyholder for every claim-free year.

The reward accumulates to a maximum limit of 50% of the discount on the premium for five or more consecutive claim-free years. You can take advantage of this accumulated discount to lower your premium during car policy renewal.

Know the Insured Declared Value (IDV) of your car

The Insured Declared Value (IDV) is typically the current market value of your car. In case of theft or damages amounting to the total loss of the vehicle, the insurance company pays for the IDV to the policyholder.

Higher IDV signifies higher risk for the insurer. Hence, a higher premium is charged and vice versa.

Every year, at the time of car insurance renewal, you must enter the correct IDV. Also, the IDV of the previous year will always be higher than the current year.

Consider enhancing your vehicle’s security

Installing anti-theft devices in your car, garage or parking lot gives a positive signal to the insurer that the policyholder is taking measures to reduce the risk. 

Choosing devices certified by the Automotive Research Association of India (ARAI) can help you get lower premiums during car insurance policy renewal.

Read the terms and conditions

It is important to stay aware of the policy’s terms and conditions, any changes in inclusions and exclusions, etc. Many individuals who are happy with their existing policy skip reading the terms and conditions at the time of renewal, only to realise later that there have been some significant changes. It is always best to learn about them at the time of renewal.

Renew car insurance on time

Car insurance policy renewal is important, and renewing it before the policy expires is equally essential. If a policy lapses, it may lead to consequences like losing out on your NCB, chances of being penalised for not abiding by the rules, etc. 

Tata AIG offers a 90-day Grace Period starting from the date of policy expiration to renew your policy without losing on the No Claim Benefit and other rewards.

Steps to Renew Your Tata AIG Car Insurance Policy Online

  1. Visit the Car Insurance page on the website.

  2. Input your car’s Registration Number and click on ‘Renew’.

  3. The tool will auto-fetch the necessary details.

  4. Provide the required information.

  5. Make any necessary changes to the coverage.

  6. Pay the premium online.

  7. The policy will be emailed to your official mail ID and will be shared on WhatsApp on your registered mobile number.

For offline renewal, you can visit any of the Tata AIG registered network branches near you.

Wrapping Up

Purchasing or renewing a four-wheeler insurance policy is a significant decision that requires thorough research and examination. The above tips can guide you to opt for an efficient car insurance renewal that protects you, your vehicle and the third party in case of an accident. 

You can opt for Tata AIG car insurance renewal online for quick and easy procedures with minimum documentation. The insurance giant gives you access to over 7500 network garages, 12 unique add-ons, all-around coverage and a high Claim Settlement Ratio at affordable rates. 

Technology

Understanding Renters Insurance Coverage for Phones and Gadgets

Having renters insurance is a good step towards protecting your belongings, including your phone and other electronic gadgets. However, it’s important to delve into the details of your policy to know exactly what is covered. Renters insurance typically includes coverage for handheld electronic devices, but there are limitations to consider.

One crucial aspect to examine in your policy is the electronics limit of liability. This refers to the maximum amount covered for the loss or damage of gadgets such as smartphones, laptops, and tablets. Understanding this limit will give you an idea of how much you can expect to receive in case of theft or damage.

For instance, let’s say your policy has a $15,000 cap for personal belongings, but it only covers up to $2,000 for electronic equipment. Considering your deductible and the value of your gadgets, you may have to pay a significant amount out of pocket if these items are damaged or stolen.

It’s worth noting that most insurance policies do not automatically cover accidental damage or loss. You may need to purchase additional coverage to protect against such situations. It’s therefore crucial to carefully review the exclusions and consider these factors before selecting a plan.

News

Government to delay introduction of 2030 ICE ban

Ford UK chair Lisa Brankin has called for the government to focus on supporting the electric vehicle (EV) market and consumers while facing challenges such as infrastructure limitations, potential tariffs, and high living costs.

Jaguar Land Rover, the UK’s largest car manufacturer, has expressed support for the delay in the ban, stating that it brings the UK in line with other European nations. The company remains committed to becoming net-zero by 2039 and helping individuals transition to an electric future.

The head of the Society of Motor Manufacturers and Traders (SMMT), Mike Hawes, has emphasized the importance of government initiatives to encourage consumers to switch to EVs. He emphasizes the need for a clear and consistent message, attractive incentives, and reliable charging infrastructure to build consumer confidence.

Government’s earlier indecision on 2030 ban

This is not the first time the government has shown uncertainty regarding the introduction of the 2030 ban. Doubts arose after the Uxbridge by-election, where opposition to the London Ultra-Low Emission Zone played a significant role in the Conservative victory. In July, cabinet member Michael Gove denied any plan to alter the ban, stating that the policy remains unchanged.

Chancellor Rishi Sunak has previously hinted at potential revisions to climate change policies that he deems unfairly burden the public. He has emphasized the need for a proportionate and pragmatic approach towards achieving net-zero, avoiding unnecessary hassle and costs for individuals. Sunak’s comments came after right-wing Conservative MPs called for a reassessment of certain green policies.