Showing posts with label tata aig general insurance. Show all posts
Showing posts with label tata aig general insurance. Show all posts

Friday, 25 August 2017

What Makes Tata AIG One of the Best Insurance Companies?

Are you planning to buy your prized possession on the onset of this festive season? If yes then it is the time for you to update with the latest market trend to clutch the top insurance providers, because without an auto or two-wheeler insurance, plying your vehicle on road is an offence. Insuring your vehicle at the time of buying ensures mental peace as any unplanned expenses would be bearded by your insurance coverage. With an insurance cover, you can restore the original state of your prized passion in case of an unforeseen event without paying from your pocket.

As the Indian financial market is brimming with some auto-insurance companies which expertise in general insurance and brag off offering innovative and value added services than the others. Well, this makes more perplexity for one to select the best deal as the competition very close and tough. However, some of them have entered the race with most innovative insurance product and have started gaining attention. One such company is Tata AIG General Insurance, which not only made a mark in the industry by introducing several groundbreaking products but also won the trust of various leading business names across the country. In this article, we’ll discuss the reason why this company has been counted among the top car insurance companies in India.

Establishedin the year 2001, it is a joint endeavour of two giants namely TATA Group and American International Group. Despite the younger tagline, the company manages to win over the hearts of a large fraction of customers due to the excellent service and stress-free claim settlement process. The brand also won the award for the best employer and operation mobile application in insurance.  

Why does it rock?

Established in the year 2011, Tata AIG General Insurance Company has managed to win over a decent part of car insurance marketplace owing to its smooth hassle-free claims. The benefit list includes:

• It provides vehicle pick-up facility free of cost
• Avail warranty on repair
• Unique add-on benefits
• Avail cashless repair at network garages
• 7 days fast claim settlement

The car insurance policies offered by TATA AIG cover the total or partial damages to the car during an unforeseen event. Users who use auto insurance from this insurer also can reap the advantage of accidental repair warranty. The list of add on coverage provided by TATA AIG includes reimbursement of depreciation, key replacement, NCB protection, daily allowance, return invoice etc. The company by keeping its promise bear the loss cost of the lost belongings that may be inside the vehicle during a theft or mishap. The customers are their foremost concern, it pays equal attention to customers’ satisfaction, and support assistance during the time a claim is made.

Conclusion

However, by not promoting only one insurance company, we suggest you to keep your research on while purchasing a car or two-wheeler insurance. Nevertheless, having a car or bike insurance plan to protect your vehicle against theft or damage provides a sense of relief and satisfaction. A plethora of insurance companies has introduced their product online by making the process easier. You need not rush to the insurers’ office to purchase a plan these days. You just need to shuffle your chair, open your computer or PC, and visit the insurers’ websites. Within a few clicks, you can get your deal of choice. However, it is always beneficial to compare the policy benefits, application process and claim settlement process of each insurer to buy the perfect plan. Remember, a good insurance plan always acts as a rescuer and support system during a mishap and protects you financially from any evil.

Thursday, 16 March 2017

Tata AIG General Insurance Company Profile Review, Products

Tata AIG General Insurance is a collaboration between AIG Inc. and the Indian giant, Tata Group. It is now a world-renowned international financial and insurance service provider. The company provides a wide range of non–life insurance products. The claims settlement services are the most outstanding; as a result, the company is slowly penetrating the retail and commercial space for newer opportunities.



An Overview of Tata AIG Insurance Products

Tata AIG offers a host of great products in:

●     Lifestyle insurance
●     Home insurance
●     Travel insurance
●     Motor insurance
●     Health insurance
●     Other specialised products

Let us now take an overview of the various popular insurance policies by Tata AIG:

Name of Insurance Policy
Tata AIG MediPrime – Cashless Health Insurance
Maximum Age for Entry
55 years
Maximum Sum Assured
5 lakh
Coverage
Hospitalisation without any sub - limits

Name of Insurance Policy
Tata AIG Wellsurance Executive Policy
Minimum Age for Entry
18 years
Maximum Age for Entry
65 years
Coverage
Lump sum benefit for critical illnesses, hospitalisation and post-hospital care

Name of Insurance Policy
Tata AIG Wellsurance Family Policy – Family Fixed Benefit Plan
Minimum Age for Entry
18 years
Maximum Age for Entry
65 years
Eligible Age of Children
6 years to 18 years
Coverage
Lump sum benefit for critical illnesses, hospitalisation and post-hospital care; Children education benefit in case of death or permanent total disability of policyholder

Name of Insurance Policy
Tata AIG Wellsurance Woman Policy
Minimum Age for Entry
18 years
Maximum Age for Entry
65 years
Coverage
Lump sum benefit for 11 critical illnesses, hospitalisation and post-hospital care; cosmetic surgery benefits for accidents

Name of Insurance Policy
Tata AIG Critical Illness
Minimum Age for Entry
18 years
Maximum Age for Entry
65 years
Eligible Age of Children
6 years to 18 years
Coverage
Lump sum benefit for 11 critical illnesses, hospitalisation and post-hospital care; Children education benefit in case of death or permanent total disability of policyholder

Name of Insurance Policy
Individual Accident and Sickness Hospital Cash Policy
Minimum Age for Entry
6 months
Maximum Age for Entry
65 years
Coverage
Daily hospitalisation benefit for 180 days and post-hospital care.

These are some of the insurance policies offered. Some other very good products include:

●     MediPlus – Top – up Medical Health Insurance Plan
●     Medi Senior – Senior Citizen Health Insurance Plan
●     MediRaksha – Affordable Health Insurance Plan

Group Accident and Sickness Hospital Cash Policy

Apart from medical insurance, Tata AIG also offers the following insurances:

●     Personal accident insurance
●     Marine insurance
●     Property insurance

Features and Benefits of Tata AIG Insurance Policies

●     Tata AIG policies cover a maximum of 5 family members which includes 2 adult members and 3 children
●     All medical expenses covered for 60 days of pre and post hospitalisation
●     Health check up schemes for no – claim years
●     Policies are for lifetime coverage and renewable throughout the life of the policyholder
●     For pre-existing ailments, a waiting period of 4 years is required before covering it under the scheme
●     For every no – claim year you can get a cumulative bonus of 10%, that may accumulate up to 50% of the sum assured
●     Cashless hospitalisation facilities in more than 3000 networked hospitals.
●     No pre – policy medical examination necessary for individuals below 50 years of age or in cases where the sum assured is below 5 lakhs

Exclusions From the Tata AIG Insurance Policies

Tata AIG General Insurance reviews tell us that the following are excluded from coverage under their insurance policies:

●     When there is an ensuing war
●     Inflicting self-injury intentionally; attempt to commit suicide
●     Taking part in army, navy or air-force operations
●     Taking part in reckless sports like racing, scuba diving, etc.
●     Person found addicted to alcohol, drugs and smoke
●     Obesity control therapies
●     Psychiatric problems, Parkinson’s, Alzheimer’s diseases
●     AIDS and similar sexually transmitted diseases
●     Treatment for sterility and infertility
●     Pregnancy, maternity and childbirth

In Conclusion…

Tata AIG General Health Insurance has in store for you a host of beneficial insurance policies for yourself as well as your family members – not only for medical concerns but also every other aspect of life. The services are efficient and focused only on the benefit of the clients. The policies are all inexpensive and worth checking out today only.

Read More : Tata Aig General Insurance - Know more

Wednesday, 6 July 2016

Tata Aig and L&T General Insurance - Things you should know

A general insurance product provides safety to you and your expensive assets. It provides coverage against unfortunate events that can harm the policyholder or its property. These insurance policies help you financially during any type of emergency. There are different types of insurance products available in the market for example, travel, home, motor and health insurance policy. Tata AIG General Insurance and L&T General Insurance are the best insurance products in the Indian market. Read below some important information that you should known about both the insurance products:



Tata AIG General Insurance
Tata AIG General Insurance Co. Ltd. was established with a joint venture between the Indian-based Tata Group and the American International Group (AIG) which is an American-based company. These respected business ventures are well-known in their fields. Since its start up in 2001, Tata AIG General has provided a wide range of products to its customers. It is famous for providing policies with multiple coverage and benefits that protects its customers. Their offerings vary from Motor to Home and Health insurance plans.

L&T General Insurance
L&T General Insurance Company Limited is a private insurance company which is a subsidiary of Larsen & Toubro Limited. The wide range of products by L&T General Insurance varies from Motor Insurance, Health Insurance, Travel Insurance and Home Insurance. L&T General Insurance Company is a well known company that is a common household name in India. It was selected amongst the world’s Top-50 ‘Most Reputable Companies’ in June 2009. This world class company utilizes the best technology and human resources to provide real value to its customers. It has earned customers trust by providing multiple coverage and benefits and fulfilling its promises. It has different types of policies that provide different types of coverage to its customers. Let us see the type of insurance policies provided by Tata AIG General Insurance and L&T General Insurance.

Types of insurance policy provided under Tata AIG General Insurance and L&T General Insurance

Home Insurance
Home insurance policy provides protection to one of the most expensive asset that is to your home. It protects the home against any type of damage or loss incurred due to natural or man-made calamities. There are several unfortunate event that can cause extra expenses for example theft, damage due to any natural calamities such as earthquake, cyclone or tornado, etc. Home insurance policy under Tata AIG General Insurance policy and L&T General Insurance covers the expenses that incurred due to any miss happening.

Motor Insurance
Motor insurance policy covers against any such events that can harm the policyholder and its property there are different types of motor insurance policy, for example, car insurance and bike insurance plans which provides different types of coverage and benefits for example third party liability, personal accident and damage or loss to self vehicle due to any unfortunate events like accident.

Health Insurance
Health insurance policies are the most selling insurance products in the market. It provides protection to your life by providing the best medical assistance in case of medical emergency. The health insurance policy covers the cost of hospitalization in case of medical emergency. Tata AIG Health insurance policy and L&T Health insurance policy provides different kind of coverage and benefits to its policyholder, for example, it covers hospitalization expenses, tax benefits, pre and post hospitalization expenses.

Travel Insurance
Travel Insurance policy is best for people who travel around the world frequently. The policy does not consider the purpose of the trip and covers all the extra expenses incurred due to event that disturbs the trip, for example, trip delay  or cancellation, loss of baggage or passport or medical emergency. Tata AIG Travel insurance and L&T Travel Insurance plan covers the extra cost of travelling incurred due to any such unfortunate events.

Thursday, 9 June 2016

Understand difference between Tata Aig and Reliance General Insurance

General insurance products are the best selling products in the market. There are number of insurance an company which provides different general insurance products with different types of benefits and coverage. Travel insurance, home insurance, health insurance and motor insurance is the best example of general insurance policy available in Indian market. This article will help you to understand the difference between Tata AIG General Insurance and Reliance General Insurance:



Tata AIG General Insurance policy

Tata AIG general insurance provides a wide variety of insurance products for example travel insurance, motor insurance, home insurance and health insurance policies. Non-life insurance like health insurance and motor insurance policies are the demanded products in the insurance market. There are multiple benefits and coverage provided under health insurance policy by Tata AIG company. The company has easy and quick claims settlement service. It is also available online. You can simply compare different policy and buy it online within few minutes.

TATA AIG General Insurance provides different types of health insurance products given below:

• MediPrime
• Wellsurance Family
• Wellsurance Executive
• Wellsurance Woman
• MediPlus 
• Individual Accident & Sickness Hospital Cash
• Critical Illness Policy
• MediSenior
• MediRaksha

Benefits of Tata AIG General Insurance

• Get daily cash benefit which will help you to deal with the unforeseen financial burden incurred due to hospitalization.
• Tata AIG general insurance policy does not require medical tests.
• It provides cashless hospitalization up to 180 days.
• The policy also offers tax benefits as per section 80D of the Income Tax Act.
• Tata AIG general insurance policy offers lifelong renewal by paying premium amount continuous.
• It provides an option to port the existing policy to similar health Insurance policy is available.
• In case of an accident, the expenses incurred in treatment are paid by the policy.

Reliance General Insurance

Reliance general insurance provider is the leader in the Indian insurance market. This company brings a range of protection solutions under a variety of insurance products, for example, health, motor, travel, home etc. It is one of the best insurance companies in the market. It serves a variety of customers including individuals as well as corporate like small and medium enterprises. There are some wide range of health insurance policy which provides:

• Reliance Health Gain
• Reliance HealthWise
• Reliance Personal Accident
• Reliance Critical Illness

Benefits of Reliance General Insurance 

• It covers inpatient hospitalization.
• Day care treatment is also covered under the health plans provided by Reliance general insurance company.
• It covers the pre and post-hospitalization expenses up to 60 days
• Reliance general insurance company provides then expenses incurred due to donor hospitalization up to 50% of sum assured or Rs.5 lakhs.
• Domiciliary hospitalization expenses are covered up to 10% of sum assured
• It covers the ambulance charges minimum up to Rs.1,500
• It covers the pre-existing disease. 

Tata AIG general insurance policy and Reliance general insurance policy are the best insurance. You can simply compare the policies provided by both the insurer and buy it online. Travel insurance and motor insurance products by Tata AIG general insurance and Reliance general insurance companies. The policies are very affordable and beneficial for customers.