About Tata AIG General Insurance ---- IRDA Registration 108 Tata AIG General Insurance Company Limited

(Tata AIG General) is a joint venture company, formed by the Tata Group and American International Group, Inc. (AIG). The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent Tata AIG General Insurance Company, which started its operations in India on January 22, 2001, provides insurance solutions to individuals and corporates. It offers a complete range of general insurance products including insurance for automobile, home, personal accident, travel, energy, marine, property and casualty as well as several specialized financial lines. Our Vision: To be India's most preferred General Insurance Company. Our Purpose: To create unmatched value for our customers, employees, business partners and shareholders by delivering remarkable service that is consistent, fair and transparent. 6 core values: Customer First, People, Passion, Performance, Integrity and Empathy.
Best Product Innovation Award 2011 for the General Insurance Segment.

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1-What is the meaning of insurance? Insurance is a protection against financial loss arising on the happening of an unexpected event. Insurance companies collect premiums to provide for this protection and losses are paid out of the premiums collected from the insuring public. 2-What does General Insurance do for me ? Accidents... illness... fire... financial securities are the things you'd like to worry about any time. General Insurance provides you the much-needed protection against such unforeseen events. Unlike Life Insurance, General Insurance is not meant to offer returns but is a protection against contingencies. Under certain Acts of Parliament, some types of insurance like Motor Insurance and Public Liability Insurance have been made compulsory 3- Why do I need Insurance? Insurance is a hedge against the occurrence of unforeseen incidents. Insurance products help you in not only mitigating risks but also helps you by providing a financial cushion against adverse financial burdens suffered. 4- What is a Premium ? Premium is the fixed amount of sum paid over the period by the insured to the insurance company to take insurance policy and to complete the contract of insurance 5-What is underwriting? Underwriting of a risk involves consideration of material facts on the basis of which a decision will be taken whether to accept the risk and if so at what rate of premium. 6-What is Reinsurance ? It is an arrangement by which insurance companies spread their risk with other underwriters or reinsurance companies called Reinsurance 7-What is look in/ free-lookin period . Is there such a period available in this policy? The look in /free-look provision to a policy means a customer has 15 days/or as given by the company from the date of the policy's receipt to revisit his purchase decision. This would essentially mean that the policyholder has the time to go through the policy fine-print, understand how the policy is going to work and convince himself that he needs such a policy before deciding to commit funds every year over the plan tenure.