Car insurance or four wheeler insurance is an agreement between a car owner and the car insurance provider that offers protection for four-wheelers in the case of financial losses due to unforeseen events like accidents and natural calamities. This contract more often than not, is perceived as a piece of paper to be kept in the dashboard of the car and to be taken out only in case the traffic cops ever asks you for papers. But that’s not all! This paper financially protects your four wheeler in case of damage or loss through an accident. When you’re on the road, no matter how careful, there are chances that you might meet with an accident & you can end up with hefty repair bills.
Types of Car Insurance Policies by TATA AIG
- Comprehensive Car Insurance Policy
- Stand Alone Own Damage Car Insurance Policy
- Stand Alone Third Party Car Insurance Policy
Key Features of Car Insurance By TATA AIG
| Key Features | Benefits Of Tata AIG Car Insurance |
| Savings & Affordable Premiums | Save up to 75% on car insurance premiums by buying your policy online |
| Claim Assistance | Our 650 claim experts across India ensure an easy and quick claim process for you |
| High Claim Settlement Ratio | Our 98% claims settlement ratio as of FY 2020-2021 can assure a high settlement ratio for car insurance claims |
| Cashless Repairs | Our network of over 7500 garages ensures cashless services for your car repairs |
| Damages to third-party | Damages to a third party or third-party property are covered |
| Own Damage Cover | With our Own Damage cover for your car, we can cover damages from accidents, man-made disasters, and natural disasters |
| Customizable with Add-ons | Up to 13 add-ons to protect your four-wheeler with an all-round car insurance policy |
| No Claim Bonus (NCB) | Up to 50% discount on car insurance premiums after 5 consecutive claim-free years |
| Buy/Renew Car insurance Online | Quick renewal of your car insurance with an easy 3-step process with Tata AIG |
Why Do You Need Car Insurance?
Car insurance or a four-wheeler policy is necessary to protect your car and you from various situations and scenarios that lead to financial damages. Here are some of the reasons why you need to have a third-party or comprehensive four-wheeler insurance policy:
- Compliance with the law
- Protection from third-party liability
- Cover against theft
- Protection against financial losses
- Cover against natural calamities
- Personal Accident Cover
Points To Consider While Choosing Car Insurance
- Decide Insurance Type
- Check Policy Coverage
- Availability of Add-ons
- Check Insured Declared Value
- Network of Cashless Garages
- Compare Quotes
- Check Claim Settlement Ratio, review, and service offered
What Is Covered In Our Car Insurance Policy?
- Theft of the Car
- Damages due to natural disasters
- Damages due to man-made calamities and fire
- Damages caused to the car by an accident
- Damages incurred in transit
- Third-Party Liability Cover
- Personal Accident Cover for the Owner-Driver
- Specific Coverage With a List of 13 Car Insurance Add-ons
Documents Required For Filing Car Insurance Claim
While filing a claim, the owner is required to have the following documents:
- A verified copy of the First Information Report (FIR)
- A copy of the driver’s license
- The original keys to the vehicle
- NOC and Form 35 from the lender where the car has an active loan
- The claim form, duly filled and signed by the insured
- A copy of the vehicle’s Registration Certificate (RC)
- A copy of the policy documents
- RTO transfer papers duly signed with Form 28, Form 29 and Form 30
- No Trace Report from the police in cases of theft of the vehicle