Tata AIG Motor Insurance Company

Tata AIG General Insurance Company Limited is a joint venture company of the Tata Group along with AIG, the American International Group. The company offers a huge number of general insurance plans for individuals and businesses, including a comprehensive range of insurance solutions for cargo, personal accident, extended warranty, marine, cargo, rural, agriculture insurance, travel, etc.

Highlights of Tata AIG Motor Insurance Company

Claim settlement ratio 98%
NCB* Starts at 20%, up to 50%
Network Garage 7500+
24*7 Road Side Assistance Available
Top Motor Insurance Plans by Liberty Motor

Compare Top Motor Plans from Tata AIG Motor Insurance Company

Tata AIG Third-Party Vehicle Insurance Plan
Tata AIG Comprehensive Vehicle Insurance Plan
Tata AIG Own Damage Policy
Points of Comparison
Third-Party property damage
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Third-party bodily damage
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Third-party vehicle damage
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Add-on Coverage
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Personal Accident Coverage
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Car Theft
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Damages to own car due to natural calamity
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Damages to own car due to fire
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Damages to own car due to accident
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Points of Comparison
Third-Party property damage
Third-party bodily damage
Third-party vehicle damage
Add-on Coverage
Personal Accident Coverage
Car Theft
Damages to own car due to natural calamity
Damages to own car due to fire
Damages to own car due to accident

Awards and accolades won by Tata AIG Motor Insurance

Tata AIG is a renowned name in India’s insurance industry. The company has completed 20 years of journey with a legacy of 5 crore+ customers. In its journey of 20 years, the company has been recognized various times with various awards and accolades for its contribution to the insurance sector of India. Let us have a look at some of the awards and achievements of the company:
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The company was awarded the ‘Best Product Innovation Award 2011’ in the general insurance category.

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Tata AIG General Insurance Company received an e-commerce award from Asia Insurance Technology Awards in 2011.

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The company bagged the ‘General Insurance Claims Team of the Year’ award in 2013 at the Claims Awards Asia.

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The company received ‘Best Travel insurance Company of the Year’ in 2013 at CNBC Awaaz Travel Awards.

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It was recognized as the best employer of the year by Asia Insurance Review, Singapore.

Key Highlights of Tata AIG Motor Insurance Company

Features

Meaning

Gross written premium

Rs 10,686 crores

Number of offices

200 offices across 150 locations in India

Number of licence agents and brokers

45000 + licence agents and 450 + licence brokers

Number of employees

6500 + employees across India

Number of network garage

5000 + workshops

Numbers of policies issued

1 crore+ policy issue last year

Numbers of customers

5 crore + customers since inception

Features of Tata AIG Motor Insurance

Features

Meaning

Third-party liabilities

Third-party liability arises when the vehicle causes accidental damages to third-party property or vehicle or injuries to a third-party person. The third party in motor insurance or even comprehensive motor insurance covers third-party liabilities and protects the insured vehicle from financial damages.

Theft

Tata AIG would reimburse you the insured declared value of the vehicle under the comprehensive insurance policy if your vehicle is stolen or has suffered total damage due to an accident.

Damages due to man-made calamities

Losses or damages caused by terrorist attacks, riots, malicious man-made activities, strikes, etc. are covered under comprehensive motor insurance cover or own damage cover.

Damages due to natural disasters

Tata AIG motor insurance policy provides financial protection against damages caused due to natural disasters like floods, cyclones, earthquakes, snowfall, frost, etc.

Damages due to fire

Fire damages resulting due to self-ignition, explosion, lightning and so on are covered.

Damages caused to vehicles by an accident

Damages suffered by an insured vehicle in an accident are also covered under a comprehensive and standalone own-damage insurance policy.

Damages incurred in transit

Losses or damages incurred while moving the vehicle from one location to another through roadways, railways, waterways, airways, etc. are covered under a comprehensive motor insurance policy

Personal accident cover

Personal accident cover of 15 lakhs to the owner-driver is offered under a motor insurance policy for reimbursement of medical expenses incurred for injuries resulting due to an accident.

Exclusions in Tata AIG Motor Insurance Plans

There are certain events in which Tata AIG General Insurance Company is no liability to pay motor insurance claims. Such events are known as common exclusions. You can find exclusions of the motor insurance policy in your policy document. Some common exclusions of Tata AIG motor insurance plans are as follows:
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Damages due to driving the vehicle without a proper license

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Driving the vehicle under the influence of drugs or alcohol

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Use of vehicles outside the geographical area of India

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Ordinary wear and tear of the vehicle due to regular usage

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Depreciation of the vehicle

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The cost incurred towards general maintenance of the vehicle

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Damages caused due to war or war-like situations and nuclear peril

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Damage due to crash testing, speed racing or due to negligence of the driver.

Motor insurance plans offered by Tata AIG

A motor insurance policy is necessary to protect your vehicle from various incidents and situations that can lead to financial damages. Tata AIG offers a range of car and two-wheeler insurance policies to help you select the type of coverage and protection your vehicle need. You can also enhance the coverage of the motor insurance policy with insurance add-ons.
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Tata AIG Car Insurance:

Tata AIG car insurance policy offers complete protection to insured vehicles from various kinds of damages, from accidents to damages due to natural disasters. Tata AIG understands the significance of having a suitable car insurance policy and offers various products as per the needs and budget of the individuals. Tata AIG offers the following types of car insurance policy:

 Type of Insurance  Features
 Comprehensive Car Insurance Policy  Tata AIG’s comprehensive car   insurance policy provides extensive   coverage compared to basic third-party   insurance and offers protection against   damages due to third-party liability and   damages due to accidents, natural   disasters and manmade disasters. It   provides all-around assistance and   protection to you and your vehicle in the   event of an accident













 

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Tata AIG Two-wheeler Insurance:

Tata AIG two-wheeler insurance helps you to keep your two-wheeler safe from damages and third-party liabilities and protects you and your bike from unavoidable expenses. Tata AIG General Insurance offers different types of bike insurance which cater needs of your bike and the type of coverage required to protect it under unfavourable situations. Tata AIG offers the following types of two-wheeler insurance policies:

 Type of Insurance  Features
 Comprehensive Two-wheeler Insurance policy  Comprehensive two-wheeler insurance   offers all-around cover which protects   you, your vehicle and third-party   property or person from financial   damages.

 

 

 

 

 

Eligibility conditions

Age Criteria

Individuals must be 18 years and above

Citizenship

The individual must be an Indian citizen

Vehicle

He/she must possess a vehicle registered in his/her name

Vehicle Registration

The individual must possess an RC or registration certificate

Identification Document

He/she must have a valid DL or driving license

Mandatory Document

The vehicle must have a valid pollution under control (PUC) certificate

How to buy Tata AIG Motor Insurance Plan?

Go to the official portal of Tata AIG Motor Insurance. Click on to “Car/Bike Insurance”. Enter vehicle registration number and your registered mobile number to get a quote.

Or visit the Paybima portal and select Motor Insurance from the options available.

1

Visit the Paybima homepage and click on the ‘Motor Insurance’ tab in the dropdown menu.

2

Fill in your required details and request a callback.

3

A Paybima representative will help you buy the most suitable plan.

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You may also reach us at 1800 267 67 67 from 10 AM to 7 PM, or

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You can visit a Paybima branch near you.

The process of renewing Tata AIG Motor Insurance Policy

What is the Process for Filing a Claim for Tata AIG Motor Insurance Plan?

Tata AIG General Insurance Company has a dedicated customer service delivery and superior service experience powered by the latest technology and innovation. The claim settlement process of the company is very smooth and quick. The steps are stated as follows:
1
Initiate the claim:

Inform the insurance company no sooner claim arises by calling on its toll-free number or visiting the official website of Tata AIG. State your vehicle registration number and policy number to initiate the claim

2
Locate cashless workshop:

You can select between receiving reimbursement for the repairs or making a cashless claim through network garages. If you want to avail cashless claim, then you would have to take your vehicle to the nearest network workshop which can be located on the official website of the insurance company. Tata AIG has tie-ups with a vast network of 5400+ across India which can be located easily.

3
Inspection:

Tata AIG would send a surveyor to inspect the extent of damage caused to the vehicle. The surveyor will visit the network garage within 24 hours of claim initiation and submit a report to the insurance company on approval of which the network garage would begin the repair.

4
Fill out the claim form:

Once the inspection is done, fill out a simple claim form with correct and complete details. The claim form can be downloaded from the official website of the insurance company or can also be brought from the nearest branch office. Submit the claim form along with other relevant documents for the successful settlement of a claim.

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Claim settlement:

Once the claim form and relevant documents are submitted, the insurance company would verify the details and if everything is correct and adequate, it will approve your claim. Upon approval, you can take your vehicle from the network garage and Tata AIG would pay the repair cost to the network garage directly.

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Claim Reimbursement:

If your cashless claim gets rejected or if you want to get your vehicle registered at a non-network garage, then you can avail reimbursement facility. For reimbursement of the claims, you can get your vehicle repaired at any non-network garage and pay the repair bills. Then, fill up a simple claim form and submit the original repair bills along with other documents. Tata AIG would verify the authenticity of your claim and upon approval, the amount would be credited to your bank account.

You would have to submit certain documents for the successful settlement of your claim. These include:

  • Valid Driving License of the person driving the vehicle

  • Vehicle Registration Certificate

  • Original Policy Document

  • Bank account details for reimbursement claims

  • Original repairs bills

  • Police FIR and Inspection officer report in case of theft or robbery of the vehicle.

  • No trace report from police in case of the theft

Guaranteed Claim Support

When you buy or renew a motor insurance plan from us, we guide at every step till your claim is settled.

Start your claim process with us to get our support

Review of Tata AIG Motor Insurance Company

Tata AIG General Insurance Company is known for its trustworthy and innovative insurance solutions. Other key highlights of Tata AIG motor insurance plans are as follows:

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Tata AIG has a claim settlement ratio of 98% for the financial year 2020-2021

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The broad portfolio of insurance cover of the company is backed by exceptional service capabilities years of professional expertise in the offering of products and a seamless claim settlement process

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The company has a robust multi-channel distribution network of 45000+ licence agents and a worldwide network of claim servicing partners to help you buy as well as claim your motor insurance policy easily and quickly.

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The company has a tie-up with 5400+ network garages across India to help you avail of cashless claim settlements easily.
 

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Tata AIG provides roadside assistance 24* 7 at your service
 

Sahi Advice,
Sahi Insurance

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