TATA AIG Accident Guard Plan 2024: The Tata AIG Accident Guard Insurance Policy is a comprehensive accident insurance plan that covers injuries to the body that cause death or permanent disability as a result of accidents. This accident policy allows for a coverage amount of up to Rs 1 crore in multiple units of Rs 5 million. The Tata Group and American International Group (AIG), a multinational insurance company based in the United States, have formed the AIG General Insurance Company as a joint venture. Tata AIG strives to provide innovative and customer-specific insurance products in retail and commercial spaces and offers a comprehensive range of general insurance products.
TATA AIG Accident Guard Plan 2024
The Accident Guard Policy is a comprehensive accident insurance policy that safeguards you against unanticipated challenges. Accidental bodily harm that results in death or disability is covered by this policy. Plan 1 (Accidental Death and Dismemberment) and Plan 2 (Accidental Death and Dismemberment & Permanent Total Loss of Use) are the two plan options available under this policy. The cost of family transportation is covered. This benefit can be added to a cover. When the primary insured person is confined in a hospital more than 150 kilometers from home, this benefit is paid.
Details TATA AIG Accident Guard Plan 2024
| Name Of Article | TATA AIG Accident Guard Plan |
| TATA AIG Accident Guard Plan | Click Here |
| Category | Insurance |
| Official Website | Click Also |
Key Features of Tata AIG Accident Guard Insurance Policy
Aside from dealing with you after a mishap, we’ll likewise make things more straight forward before one.
- Choice to take the arrangement in different units of Rs 5 lakh to 1 crore, alongside the office of long lasting restoration
- Assessment time of 15 days and the choice to get it dropped and have the top notch discounted in the event of any conflict
- Effortlessness time of 30 days to restore the arrangement.
- Choice to expand the aggregate guaranteed at the hour of recharging.
- Chief aggregate will be expanded by 5% (up to 25%) consistently in the event that there is no break in inclusion
- Repay transportation cost for relatives in the event that you meet a mishap.
- Pay twofold Incidental Dissection Advantage for Qualified Kids covered and payable under the strategy
- Repay assuming injury causes any of the misfortunes referenced in the Table of Misfortunes
- Repay the expense of changing vehicle or house to make it more open in the event of an unplanned handicap.
Read More-Group Personal Accident Plan
Eligibility Criteria for Tata AIG – Accident Guard Policy
| Category | Details |
| Age Group | Min Entry Age: 18 Years Max Entry Age: 65 Years Min Entry Age: 6 Months Max Entry Age: 18 Years (dependent children) (23 years incase of Higher Education) |
| Renewal Age | Life Long Renewal |
| Sum Insured | Rs. 5 lacs up to Rs. 1 Crore |
| Policy Tenure | 1 Year |
| Family Definition | Individual & Family – Self, Spouse and Children |
What is covered in Tata AIG Accident Guard Insurance Plan?
- Demise by accident, for example, air crash, railroad mishaps, blasting of chamber, snake nibble or canine chomp, consumes, harming, suffocating and so on
- Evisceration (which is the demonstration of cutting or eliminating appendages)
- Dismantling joined by long-lasting all out loss of purpose
- Transportation costs of the close relative is repaid on the off chance that the policyholder is hospitalized 150 kms from home
- In the event of long-lasting all out handicap a sum up to Rs 1 lakh is paid to take care of the expense of adjusting vehicle or house
Schooling recompense for youngsters - A sum up to Rs 5000 is paid for sending the remaining parts to the policyholder’s country
- For kids who are consequently safeguarded under the arrangement, the dissection benefit sum is multiplied
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TATA AIG Accident Guard Plan Policy Benefits
- This approach covers Inadvertent Passing (Promotion) when happen in the span of 180 days from the date of substantial injury. It is payable up to the Chief Aggregate Safeguarded determined in the arrangement plan.
- Coincidental Dissection when happens in somewhere around 180 days from the date of injury is covered according to as far as possible determined.
- Long-lasting Fractional Handicap (PPD) when happens during 180 days from the date of injury is concealed to as far as possible referenced in the arrangement plan.
- Impermanent All out Handicap (TTD) pays a week after week benefit sum after fulfillment of the disposal time frame, as determined in the strategy plan. It is accessible as an extra cover.
- In the event of Promotion, Educational cost Advantage is payable according to as far as possible determined. This advantage is payable to youngsters who signs up for a Foundation of Higher Advancing past grade 12 as a full-time for a limit of 4 successive years or kids matured 23 years
| Benefits | Description |
| Accidental Death | 100% of Sum Insured |
| Accidental Dismemberment | As per the limits specified in the table |
| Permanent Total Loss of Use | As per the limits specified in the table |
| Temporary Total Disability | As per the limits specified in the table |
| Tuition Benefit (children’s education benefit) | 10% of Sum Insured or actual whichever is less (Payable in case of Accidental Death claim paid) |
| Repatriation of remains | Maximum Rs. 5000 |
| Home Alteration and Vehicle Modification Benefit | Maximum Rs. 1 Lac |
| Family transportation | Maximum Rs. 50000 |
| Double Dismemberment benefit for children | Accidental Dismemberment benefit doubles |
| Escalation Benefit | The principal sum for any Insured Person will be increased by five (5%) percent on each anniversary date of the policy provided there is no interruption in coverage. |
Also Read-Janta Personal Accident Plan
Exclusion in Tata AIG – Accident Guard Policy
Accidental Bodily Injury that you meet with or arises out of:
- Misfortune caused straightforwardly or by implication, entirely or somewhat by contaminations (with the exception of pyogenic diseases which will happen through a coincidental cut or wound) or some other sort of Illness
- Self destruction, endeavored self destruction (whether rational or crazy) or deliberately self-caused Injury or Sickness, or physically communicated conditions, mental or anxious turmoil, nervousness, stress or misery, AIDS (Helps), Human Resistant lack Infection (HIV) contamination.
- Serving in any part of the Military or Military of any country, whether in harmony or War, and in such an occasion We, upon composed notice by You, will return the master rata premium for any such time of administration during the conditions portrayed in a Danger
- Being affected by medications, liquor, or different intoxicants or psychedelic drugs except if appropriately recommended by a Doctor and taken as endorsed
- Cooperation in a real or endeavored lawful offense, revolt, wrongdoing, misdeed, or common disturbance
- Working or figuring out how to work any airplane, or performing obligations as an individual from the team on any airplane
- War, nationwide conflict, attack, revolt, insurgency, demonstration of unfamiliar foe, threats (regardless of whether War be pronounced), insubordination, insurrection, utilization of military power or usurpation of government or military power, and so on.
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Claim settlement Procedure
- The Organization will settle or reject a case, by and large, in something like 30 days from the date of receipt of last fundamental record.
- ln the instance of defer in the installment of a case, the Organization will be at risk to pay interest to the policyholder from the date of receipt of last essential report to the date of installment
of guarantee at a rate 2% over the bank rate. - Nonetheless, where the conditions of a case warrant an examination according to the Organization, it will start and finish such examination at the earliest, regardless not later than 30 days
- from the date of receipt of last fundamental record ln such cases, the Organization will settle or reject the case in something like 45 days from the date of receipt of last important report.
- ln instance of defer past specified 45 days, the Organization will be at risk to pay revenue to the policyholder at a rate 2% over the bank rate from the date of receipt of last essential report to the date of installment of guarantee.
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TATA AIG Accident Guard Plan FAQ’S
What is group accident guard policy?
A group personal accident insurance is an insurance plan that provides accident coverage for a large number of people, collectively referred to as a group.
What is the benefit offered under temporary Total Disability in Tata AIG?
Temporary Total Disability- Covers weekly benefits for a period of continuous Temporary total disability resulting from an accident upto 1% of the Sum Insured or Rs 50,000/- per week whichever is lesser for a maximum of 104 weeks.
How can I check my Tata AIG policy status?
Toll Free Number : 1800 266 7780 / 1800 22 9966 (only for senior citizen policy holders). Email Id – [email protected].
Is accident insurance a good idea?
If an accident results in medical expenses your current health insurance doesn't cover, accident insurance can serve as a financial cushion should the unexpected happen. Accident insurance also helps complement disability insurance by allowing you to claim benefits even if your injuries don't keep you out of work.
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