TATA AIG Group Personal Accident Insurance

About Tata AIG General Insurance Company

Tata AIG General Insurance Company Limited is a collaboration between the Tata Group and American International Group (AIG). Since beginning operations on January 22, 2001, they have built a strong reputation in the insurance sector, completing over two decades of service as of 2021.

Operating through their two primary divisions (consumer lines and commercial lines), Tata AIG provides a wide range of insurance solutions to meet the diverse needs of individuals and businesses. Their consumer lines division includes products such as home, motor, travel, health, and rural-agriculture insurance, while the commercial lines division offers coverage for property and business interruption, liability insurance, and specialised solutions like Reps & Warranties and Environmental Insurance.

Tata AIG General Insurance Company Limited excels in three primary product segments: Travel Insurance, Marine Insurance, and Liability Insurance. They are committed to becoming the leading name in the general insurance industry. To achieve this goal, Tata AIG is enhancing its presence in India's insurance market by forging key partnerships with prominent businesses across various sectors.

Features of Tata AIG Group Personal Accident Policy

TATA AIG Group Personal Accident Cover is one such insurance plan that provides many benefits to employees. With this plan, an employer can offer various advantages to its employees including disability cover, accidental death cover, allowance for children's education and more.

Key Features:

• Named and Unnamed Policies: Offers flexibility to match client preferences, making policy enrollment simple and efficient.
• Tailored Sum Insured: The coverage amount is customised based on the employee's salary and category, ensuring it aligns with client needs.
• 24/7 Protection: Provides comprehensive coverage at all times, regardless of location.
• Customisable Benefits: The policy can be personalised to include various advantages, such as Accidental Death Benefit, based on specific requirements.
• Streamlined Endorsements: Endorsements are updated monthly or as declared, with premiums calculated from the date of notification, while coverage is effective from the employee's joining date.

Tata AIG Group Personal Accident Insurance Inclusions

The inclusions under Tata AIG Group Personal Accident Insurance policy are as follows:

• Accidental Death Cover: Offers financial protection in the event of death caused by an accident.

• Permanent Total Disability: Provides coverage for injuries resulting in complete and permanent disability.
• Dismemberment: Covers the loss of limbs, hearing, eyesight, or other specified physical impairments caused by an accident.
• Permanent Partial Disability: Covers injuries that result in permanent but partial disability.
• Accidental Medical Expense Reimbursement: Includes reimbursement for both in-patient and outpatient (OPD) medical expenses incurred due to an accident.
• Weekly Benefits: Compensates for temporary loss of income due to an accident, ensuring financial stability during recovery.

Tata AIG Group Personal Accident Insurance Riders / Add-Ons

Riders or add-ons are additional benefits that enhance the coverage of your policy, available for an extra premium. With the TATA AIG Group Personal Accident policy, you can choose from a range of optional riders or add-on covers to further customise your plan. Some of the key add-ons offered include:

• Family Transportation: Up to Rs. 25,000
• Education Allowance: Maximum of 10% of the sum insured that is subject to the upper limit of Rs. 1,00,000.
• Repatriation of Remains: Pays for the funeral expenses, which is up to Rs. 5000.
• Modification Allowance: This is up to Rs. 25,000.

Exclusions Under Tata AIG Group Personal Accident Insurance

The main exclusions of this policy are:

• Suicide
• Pre-existing medical issues
• Military issues or operations related to maternity
• Bacterial infection
• War
• Illegal act
• AIDS
• Dangerous sports
• Pregnancy or anything related to childbirth

Note: For a detailed list of exclusions, please refer to policy documents