L&T General Insurance Company- Know more about it

Insurance is indeed an inventive modern game of chance!! In this innovative process, the player is given the liberty to enjoy the comfortable conviction in his own comfort zone. Well, insurance is a detailed concept and here in this piece of brief annotation we would like to draw your attention towards L & T General Insurance Company which is a remarkable entity and entirely owned subsidiary of one of the leading and top most companies namely Larsen and Tourbo Limited. It is been privileged for being in the world’s top most 50 respectable companies as mentioned in the June 2009 issue of the specific recognized Forbes Reputation Institute’s World’s Most Reputable Companies Survey.

Vision of the Company 

To make a comprehensive study of the company, let us firstly get acquainted with the vision of the company that can be summarized as below: -

• They are striving hard to be an insurance company with the togetherness of three distinguished elements that are character, caliber and capability. 

• They are dedicated to provision services close to perfection to their customers in the similar way as their parent Larsen and Tourbo Limited has been known for in various other fields of prominent services. 

• They work in a dedicated team that serves it best to bring on to the table the components of financial strength, credibility and enhanced expertise that is cautiously backed by a privileged brand of world class honor and also seven decades of renowned leadership that is undoubtedly matchless in the industry. They work to tailor all the viable needs of the clientele and meet all the expectations of general and health insurance throughout the sphere of the entire country. 

• Incorporating the elements of the incredible state-of-the-art technology, L & T Insurance Company is prominently walking on the path of success to bring about the deliverance of world class services that would set up an example for others to follow. 

• They seek to invent a prominent technology driven platform that will bring about the integration of all the paramount key functions in order to provision flawless services to the loyal customers through any interface of their preferred interests and choices. 

• Eventually, they very well know that is none other the people who will create an environment for the achievement of their vision. Comprising an array of leading top notch Insurance professionals, L&T General Insurance company has come together to create an amalgamation of both the experience and expertise so as to invent an entity, the leading warrior of which will be innovation. 

Values of the Company 

Now, let us shift your focus to the incredible values of the L & T General Insurance Company that has build up the wide spread business on the following promising values: -

• Excellence: - The Company believes that in every particular task that they perform excellence should be an integral element in the same. They are dedicated towards raising the bar against the phenomenal benchmarks that have been set up by other stakeholders.

• Integrity: - By bringing about the practice of the highest ethical standards, they take a pick of an elevated road so that the best possible services are provisioned to the clientele. 

• Customer Centricity: - They are determined to cater to the needs as well as the expectations of the customers that may be stated or unstated. 

• Innovation: - Bringing about innovative products, they not only support but embrace the element of creativity so that the efficient development of new  ideas, processes and products can be accomplished. 

• Team Work: - While maintaining the component of individual accountability, they work in collaboration with each other so that the results are fruitful and respectable. 

• Respect for Individual: - They treat the prospective and the existing customers in the most polite way as they very well know their value. They listen patiently and empathize while working on a deal with others. Paving way for trust and respect, they offer services that are both worthy of appreciation and remembrance. 

Prominent products of the Company

• Home Insurance 

• Motor Insurance 

• Health Insurance

• SME Insurance

• Corporate Insurance.

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.

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.

Find Benefits of L&T General Insurance over Bajaj General Insurances

The insurance market has a variety of plans that commits to satisfy the different needs of customers. General insurance includes various types of insurance which provide different type coverage to the policyholder. For example travel insurance provides coverage for any unforeseen situation that may occur while you are traveling and health insurance policy provides coverage for any unfortunate event that may result to a medical emergency. L&T Insurance Company and Bajaj Allianz Insurance are the best general insurance providers in the market, but there is a bit difference between the benefits provided by L&T General insurance over Bajaj Allianz General Insurance. Read below to know in detail:

Let us take an example of L&T Health Insurances over Bajaj Allianz Health Insurance

There are life threatening diseases that can affect your health and financial status both as the medical care cost is very high and increasing every day. In such case, you need to be prepared for any unfortunate events that need a huge amount of money. For this, you need to be sure that you can arrange that huge amount to meet the best medical treatment. You can plan some amount for your health and buy a health insurance policy which bears the cost of best medical treatment and provides several other benefits under the policy. L&T Health Insurance and Bajaj Allianz insurance company provides bets insurance policy in India and let us see the benefits and coverage under its policy.

1.) Coverage under Family Floater Plans

There are individual and family floater health insurance plans offered by L&T Health Insurance and Bajaj Allianz insurance company. L&T general insurance provides family health insurance plan that covers maximum 4 family members with up to 2 adults and 2 children, whereas family floater health insurance plan  offered by Bajaj Allianz insurance covers maximum 6 family member and with up to 2 adults and 4 children.

2.) Pre and Post Hospitalization

There are many expenses that occur before and after the hospitalization, some of the pre-hospitalization expenses are cost of the medical test, doctor’s consultation charges, etc. Some post hospitalization expenses are the cost of medications, regular check-ups, day car charges and domiciliary treatment, etc. L&T general insurance covers medical expenses for 30 days before your hospitalization and 60 days for post hospitalization and Bajaj Allianz Insurance covers the medical expenses for 60 days before your hospitalization and 90 days for post hospitalization.

3.) Pre-Existing Diseases

 The insurance company does not cover the pre-existing diseases right at the time when you buy the policy. Every insurance company has certain time frame after which it provides coverage to its pre-existing customer against pre-existing disease. L&T general insurance provides coverage to pre-existing diseases after 3 consecutive claim-free years whereas Bajaj Allianz insurance provides coverage against pre-existing disease after 4 consecutive claim-free years.

4.) Cashless benefits

There are network hospitals which are registered with the insurance company which provides cashless hospitalization. It also provides reimbursement option in case the policyholder is treated in the hospital that is not registered with the insurance company. L&T general insurance provides cashless facility is at its network hospitals and Bajaj Allianz provides a cashless facility at more than 3700 registered hospitals across India.

Both the insurance company provides lump sum similar benefits and coverage under health insurance policy and all the general insurance policy all you need to do is make sure you know your personal requirements and match it with the benefits and coverage offered by both the insurers and then buy the policy. Always read about the details of the policy before buying it. You can easily avail all the related information online within a matter of few minutes anywhere and anytime. L&T general insurance and Bajaj Allianz Insurance are the best players in the insurance market so make sure you read the policy terms and conditions carefully before buying the policy.