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

HDFC ERGO General Insurance: Plans, Benefits, Review

HDFC Ergo Insurance is among the largest insurance firms in the country. The enterprise has as many as 104 different branches in over 80 cities in India. The employee count is more than 1700. The company is ‘iAAA’ rated and also has an ISO certification. HDFC ERGO is a collaborative effort between HDFC and ERGO. They provide insurances in all the sections.

HDFC ERGO General Insurance provides listed below insurances-

1.       Motor Insurance, i.e. for two wheeler and car

2.       Travel Insurance

3.       Health Insurance

4.       Home Insurance

5.       Personal Insurance

Health Insurance by HDFC ERGO Group

The insurance firm provides mentioned below policies with respect to health-

A.      Critical Illness

B.      Health Suraksha Top Up

C.      Health Suraksha

D.      Critical Illness Platinum.

E.       Health Suraksha Regain

F.       Health Suraksha Gold

Overview of Health Suraksha

Minimum Age to purchase policy	3 months or more
Maximum Age to purchase policy	Till 55 years or less
Renewability	Policy can be renewed till 65 years of age
Term of the Policy (in years)	1-year term, 2 years term

Overview of Health Suraksha Gold Policy

Minimum Age for entry	No bar
Maximum entry	Any age
Renewability	Can renew policy at any age
The Tenure of Policy (in years)	1-year tenure or 2-year tenure

Why to purchase this Insurance?

Health Suraksha Gold is a convenient policy for the policyholder and the family.

Overview of Critical Illness Policy

Minimum Age to purchase policy	5 years or more
Maximum Age to purchase policy	45 years or less
The Sum Assured Amount (Minimum amount)	2.5 (in lacs)
The Sum Assured Amount (Maximum amount)	10 (in lacs)
Renewability (max age)	66 years option or 67 years option in 1-year tenure or 2-year tenure variants
Policy Tenure	1-year variant and 2 variant

Why to purchase this Plan?

●     This policy covers a large number of fatal illnesses. As many as 8 illnesses that are termed as critical illnesses are included in the insurance policy in its Silver plan. More illnesses are covered in its Platinum plan.

Motor Insurance Overview

Motor insurance includes both a two-wheeler and a car.

Car Insurance

Network strength	3400 garages
Net premium	80860
Cover includes	1 year, 2 years

Why to buy Car Insurance?

Focus on customer satisfaction and professionalism.

Features

●     Online policy purchase available

●     Wide range of discounts available

●     Third party liabilities covered

●     Cover available for personal accidents

●     Customer service team to cater to consumer queries

Benefits

●     Application is convenient: zero documentation for online application

●     24-hour support is available

●     Security- application is very simple. Investment is completely safe

Eligibility

●     Policy can be purchased for personal vehicles

Inclusions

●     Third party liability is covered in the event of death, injury or damages to the third party

Exclusions

●     Electrical breakdown

●     Mechanical breakdown

●     Damage caused because of war

●     Damage caused by riot

●     Damage to tires or tubes is not protected under cover

●     Damage caused while the vehicle is outside India

Two Wheeler Insurance

Network strength	3400 garages
Cover for personal accident	1 lac
Term of Policy	1 year

Why to buy Two Wheeler Insurance?

Safeguards damages caused due to accidents and mishaps.

Features

●     Damage due to earthquakes, floods, storms

●     Theft, burglary

●     Third party liabilities are covered

●     Cover is available for personal accidents

●     Customer service desk to cater to consumer requests and queries

Benefits

●     Application is highly convenient: no documentation needed for online application

●     support is available while renewal is pending (documents stuck in the post)

●     Security- application for policy is very simple. Investment is fully safe

Eligibility

●     Policy can be purchased for personal two wheelers

Inclusions

●     Third party liability is covered in the event of death, injury or damages to the third party

Exclusions

●     Depreciation

●     Mechanical breakdown

●     Damage due to situation of war

●     Damage caused by situation of riot

●     Damage caused while under the effects of intoxication

●     Damage to tires or tubes is not protected under cover

●     Damage caused while the vehicle is outside India

Other Insurances offered-

Insurance policies are available for rural people like owners of dairy, peasants and tradesmen. There are two different policies available for this purpose, as specified here-

●     Cattle Insurance

●     Agriculture Insurance

Commercial Insurance- There is a number of insurances for businessmen and corporate markets. The various policies are-

●     Specialty Insurance

●     Group Insurance

●     Casualty Insurance

●     Knowledge Series

You may like to read : Advantages of HDFC Ergo General Insurance

New India Assurance: Products, Benefits, Review

Life is full of uncertainties. Being prepared for everything that life throws at you is important. That is why insurance plans from New India Assurance are ones that you should seriously consider in today’s uncertain health and life scenario.

New India Assurance

New India Assurance is an insurance group based out of Mumbai, India. It is a government-owned group that offers several insurance plans under different insurance spheres. You can bank on New India for a reliable insurance plan. They are not limited to one or two insurance plans but have diversified into all sectors of insurance.

Different products Offered

●     Personal Insurance

●     Health Insurance

●     Commercial Insurance

●     Industrial Insurance

●     Liability Insurance

●     Social Insurance

Health Insurance Policies

Floater Mediclaim Insurance

Minimum Entry Age	18 years
Maximum Entry Age	60 years
Minimum Sum Assured	2 lacs
Maximum Sum Assured	5 lacs

Why should you buy Floater Mediclaim Insurance?

Policy supports claim renewal, is for entire family and is backed by the trust and reliability of government

Features

●     Floater plan for family

●     Expenses covered up to 30 days of pre-hospitalization

●     Coverage up to 60 days post hospitalization

Benefits

●     Tax Benefits

●     Renewal without claim

●     Discounts offered such as loyalty and good health

Eligibility

●     Coverage from the minimum age of 18 years to a maximum age of 60 years.

Inclusions

●     Spouse and two dependents

Exclusions

●     Dental procedures

●     Cosmetic procedures

●     STD

●     Plastic surgery

Asha Kiran Insurance

Minimum Entry	18 years of age
Maximum Entry Age	65 years
Sum Assured	2, 3, 5 and 8 lacs options

Why should you buy Asha Kiran Insurance?

Policy supports claim renewal, a family plan and is backed by the trust and reliability of government

Features

●     Floater plan for family

●     Coverage for up to 4 family members

Benefits

●     Tax Benefits

●     Critical care in case of Cancer, heart attack, etc

Eligibility

●     Coverage is available from the minimum age of 18 years to a maximum age of 65 years.

Inclusions

●     Up to 4 family members

Exclusions

●     Pre-existing ailments

●     Diabetes

●     Cataract

Claims process

1.       The claim is to be registered latest after 7 days of discharge from the hospital

2.       The claims form needs to be filled and submitted along with a Xerox of an ID proof

3.       The doctor’s medical certificate and the reports need to be submitted along with all the other necessary documents.

4.       Submission of original Reports and summary of discharge is required.

Reimbursement:

Procedure in order to file claims:

Below is the process for the same

●      Intimate the insurance provider immediately post hospitalization.

●      Make sure your bills, and reports are in place as New India Assurance will need them.

●      Next step is to submit the claims form to the policy provider.

Documents Needed: In the event, that New India Assurance turns down the cash-free claim, you can file for the reimbursement option. Below is a list of necessary documents so that you have your ducks in a row before furnishing the documents to the Insurance Group.

●      The claim form bearing relevant details and  necessary signatures

●      Hospital’s original issued bills bearing stamps

●      Patient’s discharge report is very important.

●      All reports and lab test diagnosis sheets

●      Not all hospitals are a part of the insurance group’s network. In such an event, you need to provide all relevant and associated hospital details.

Commercial Insurance

Shopkeeper’s Policy

Ideal for	Shopkeepers
Content Value	Up till 10 lacs

Why should you buy Shopkeeper’s Policy?

Policy ideal for small-scale shopkeepers and is backed by the trust and reliability of government

Features

●     Loss of money in transit

●     Damage to Neon Sign by Fire, lightning, riot, strike

●     Burglary

Eligibility

●     Small-scale shopkeepers

Exclusions

●     Restaurants

●     Tea/Coffee shops

Claim Process

1.       Take precautions to reduce burglaries

2.       In the event of a fire, call fire brigade as soon as you can.

3.       Inform cops in case of fire, burglary and be sure to report stolen valuables

4.       Inform New India by calling or by fax or in writing.

5.       New India will appoint a surveyor. Provide co-operation and all needed documents to evaluate the loss. Kindly submit claims form.

You may like to read: The New India Assurance Advantage

In agreement with a recent Government initiative, The New India Assurance Co. Ltd. is offering 10% digital discount to all new policies purchased online.

The discount is capped at Rs.2000 for every policy!

This is an exciting benefit offered to a new policyholder by the insurance company. Don’t miss it!