IDBI Federal Life Insurance and TATA AIG General Insurance

RISK MANAGEMENT AND INSURANCE
PROJECT ON ANALYSIS LIFE INSURANCE COMPANIES

IDBI Federal Life Insurance Company Pvt ltd.
IDBI Federal Life Insurance, which was formerly known as IDBI Fortis Life Insurance, is a joint
venture between three companies - IDBI Bank, Federal Bank and Ageas, a European insurance
company. The company was formed in 2008 with IDBI bank holding 48% equity and Ageas and
Federal Bank holding 26% each. IDBI has over 2,500 branches spread over the country. IDBI
Bank Ltd. is one of Indias top commercial banks offering a variety of fiscal products and
services for retail and corporate customers. Federal Bank is a top private sector bank in India
with leading presence in Kerala. The bank provides financial products and services for over four
million retail customers. The bank also provides ingenious technological solutions to its
customers.Ageas is a European international insurance company and it focuses its business in
Europe and Asia. They also focus on four segments: Belgium, United Kingdom, Continental
Europe and Asia.
Key Highlights of IDBI Federal Life Insurance
z01
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Claim Settlement Ratio
Claim-settlement ratio of 84.79% for year 2015-2016
Grievances Resolved
100% Grievances Settled for year 2015-2016
Check if youre eligible
To be eligible for IDBI Federal Life Insurance

01
02
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You should be at least 18 years old
You should be less than 55 years old
You should be either Salaried, Self- employed, a professional or have your own business
Check if youre eligible
IDBI Federal Life Insurance at a Glance
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A maximum tenure of 25 years
Min Sum Assured: Depends on age, premium payment and policy term Max Sum Assured: No
limit subject to underwriting
Specific exclusions: Suicide within the first 12 months
Documentation needed to apply for an IDBI Federal Life Insurance
1. Identity Proof
2. Age Proof
3. Income Proof
4. Address Proof
5. PAN Number
Check My Eligibility
Types Of Life Insurance Policies Offered by IDBI Federal:
IDBI Federal offers multiple types of life insurance policies which are designed to fulfill a variety
of financial goals like retirement planning, planning for your childs future, maximizing your
savings. It also offers group insurance plans which can allow employers to offer insurance cover
to their employees and also help them build wealth. Following is the list of plans offered.
IDBI Federal Life Insurance Child Plans:

IDBI Federal Life Childsurance Savings Protection Insurance Plan: IDBI Federal Life
Childsurance Savings Protection Insurance Plan is an endowment plan that ensures that your
childs financial needs are fulfilled even in the case of the unfortunate event of you not being
around.
Plan Basic sum Assured P
Childsurance Savings Protection Insurance Plan Min Subject to minimum premium Max No limit M
IDBI Federal Life Insurance Endowment Plans:

IDBI Federal Lifesurance Whole Life Savings Insurance Plan: IDBI Federal Life Whole Life
Savings Plan is an insurance plan that offers life cover up to 100 years of age. A lump sum
amount will be paid at the end of premium payment term and payment is made again when the
insured reaches 100 years of age.
IDBI Federal Lifesurance Savings Insurance Plan: IDBI Federal Life Lifesurance Savings
Insurance Plan is a traditional savings plan that offers bonuses to boost ones savings.
Plan Basic sum Assured Policy Term
Lifesurance Whole Life Min Depends on age at entry & premium payment term; Max No
-
Savings limit (subject to underwriting)
Min Depends on age at entry & premium payment term; Max No 10, 15, 20 & 2
Lifesurance Savings
limit (subject to underwriting) premium paym
IDBI Federal Life Insurance Group Plans:

IDBI Federal Life Group Insurance Plans ensures that the financial interests and needs of a
group is protected and fulfilled.
IDBI Federal Life Termsurance Group Insurance Plan: IDBI Federal Life Termsurance
Group Insurance Plan helps the employer provide life cover insurance not only to the employees
but also to customers, suppliers and affiliated groups.
IDBI Federal Life Group Microsurnace Plan: IDBI Federal Life Group Micro insurance Plan
is designed for Micro Financial Institutions. This plan helps institutions provide life insurance to
members of the group and also provide loan protection to their families.
IDBI Federal Life Termsurance Sampoorn Suraksha Micro-Insurance Plan: IDBI Federal
Life Termsurance Sampoorn Suraksha Micro-Insurance Plan is a pure term insurance plan that
offers financial protection at a very minimal cost. One can opt for either a 5 year or 10 year
policy term plan.
IDBI Federal Loan insurance Group Insurance Plan: IDBI Federal Life Loansurance Group
Insurance Plan is for lending institutions. It helps institutions protect their clients savings and
assets.
IDBI Federal Life Insurance Reti reinsurance Group Insurance Plan: It is a non-linked,
non-participating insurance plan designed for employer-employee groups that will help the
employer plan and manage funds for the employees retirement benefits.
Plan Sum Assured Policy Term
Varies for different kinds of Sum Assured provided under

Termsurance Group Protection 1 year renew
policy
Termsurance Group Min Rs 5,000; Max no limit 1 year renew
Group Microsurance Min Rs 5,000; Max Rs 50,000 -
Termsurance Sampoorn Suraksha Min Rs 5,000; Max Rs 50,000 5 years & 10
Loansurance Min Rs 10,000; Max No limit Min. & max

Retiresurance - Yearly renew
iSurance Flexi Term Insurance Plan
iSurance Online Term Insurance Plan
Plan Sum Assured Policy Term
iSurance Flexi Term Min Rs 50,00,000 Max Rs 30,00,00,000 Min 10 year
iSurance Online Term - Min 10 year
How to Claim Insurance With IDBI Life Insurance:
Raising a claim is a simple and hassle free process with IDBI Federal. Customers have to follow
a 3-step process to register a death claim.
Step 1 - Register The Death Claim
The claimant must register a death claim in writing, along with submitting the required
documents. These include the Death Claim Form, Original Policy Document, Original / Attested
copy of Death Certificate issued by Municipal Corporation, nominees photo ID and Residential
proof (attested copy), medical records for the time of death and documents pertaining to any
past illnesses which the insured may have suffered from, cancelled cheque of the nominees
bank account (with the IFSC code). The company will register a claim once the aforementioned
has been received.
Step 2 Processing The Claim
Once the documents have been received, the claim department will look into the claim. Provided
that no further details or documents are required regarding the claim, the insurance company
will settle the death claim in a duration of under 8 days.
Step 3 - Claim Payout
Once the claim has been settled, IDBI Federal will transfer the due claim amount to the
nominees bank account via Electronic Fund Transfer (EFT). If the amount cannot be transferred
via EFT, the insurance company will send the payment via cheque to the nominees registered
mailing address.
IDBI Life Insurance Claim Settlement Ratio:
Year Claim Ratio
2014 2015 75.80%
2013 2014 90.34%
Documents Required for Buying IDBI Life Insurance:

If you wish to apply and purchase any IDBI Federal Life Insurance policy, you will be required to
submit certain documents such as your proof of identity, proof of age, proof of income, proof of
residence and a copy of your PAN Card. For a complete list of documents required, please
contact any
IDBI Federal Life Insurance representative or visit any of their branch offices.
How Do I Check IDBI Federal Life Insurance Policy Status:

If anytime you wish to check the status of your IDBI Federal life insurance policy, you can easily
do so by visiting their website. For checking the policy status and details, you will be required to
provide policy related details like your policy number and your date of birth. Once you have
provided that information, the page will immediately display the details and status of your policy.
IDBI Life Insurance Online Payment:

Making the premium payment for your IDBI Federal Life Insurance policy is simple and
convenient. Apart from several offline payment options, customers can also pay their premiums
online through multiple channels including internet banking, credit cards, debit cards, e-wallets,
cash cards, IMPS and also through easy EMI facility available on select cards.
IDBI Life Insurance Premium Calculator:

Before making any purchase, it is better to know the price of the product. Life insurance is no
different, as it is a substantial expense which gets added to your monthly budget. If you are
planning to purchase an IDBI Federal Life Insurance policy, you can easily find out the cost of
premiums you will be paying, with the help of an online tool called the Premium Calculator. IDBI
allows customers to calculate the premium costs for each of their policies. For calculating the
premium amount, you will be asked to provide certain details pertaining to the policy which
youve chosen, like the term of the policy, your age and the amount of sum assured which you
have chosen. Based on this, information, the tool will calculate the premium amount which you
will be paying towards your insurance cover.
IDBI Life Insurance FAQs:
1. What are different types of life insurance offered by IDBI Federal Life?
A. IDBI Federal Life offers the following products:
IDBI Federal Group Micrinsurance plan

IDBI Federal Loansurance Group Insurance Plan
IDBI Federal Lifesurance Savings Insurance Plan
IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan
IDBI Federal Chiildsurance Savings Protection Insurance Plan
IDBI Federal Wealthsurance Suvidha Growth Insurance Plan
2. What are the documents that are to be submitted while taking a life insurance?
A. You will have to submit your identify proof, age proof, address proof, income proof and PAN
card while applying for the Life insurance products.
3. What are the modes of premium payments available?

A. You can pay the premiums through the following modes:
Pay online
Through IDBI Bank branch
Through Federal Bank
Through IDBI Federal branch
Through your advisor
Through cheque pick-up facility
Standing instructions facility
ECS or direct debut instructions facility.
4. Is there a way to track the NAV?

A. Yes, you can go to the Banks website and you have to fill in the following information to view
the NAV:
Select choice to view NAV or Graph

Select the fund
Select the scheme
Finally select the date
5. How do I know the status of my application?

A. To know the status of your application, visit the IDBI Federal website. You will have to fill in
the application number in the Track your application section to know your status.
6. What happens if I miss the premium payment?

A. If you miss the premium payment, your plan will lapse and you will have to revive it within 2
years from the day of lapsation. Refer your product document to know more about this.
7. What is the process to make the claim?

A. The claim must be reported at the earliest and you can refer the following link to avail the
death benefit claim form their official website.
8. What happens if I have lost the original policy document at the time of making a claim?
A. If the original policy document is lost or misplaced, you will be asked to submit some
alternate documents and the claim will be processed.
9. Can I surrender the policy? What is the criteria for policy surrender?
A. Yes, you can surrender the policy after the completion of the lock-in period. The criteria for
policy surrender are as follows:
The policies that are in force, paid up and discontinued can be surrendered.
The request must be received after completing the policy lock in period.
The request must be received form assignee, Karta and trustee under the consent of the
policyholder if the policy has been assigned, for HUF and MWP.
If it is a ULIP, then date and time stamp is mandatory.
If the life insured is a minor, the request will be rejected.
10. How can you contact IDBI Federal Life?

A. You can visit the nearest branch or call on 1800 209 0502 or SMS LOAN to 5757515 and
the agent will call you back.
11. What is implied by a Death Claim?

A. If the life insured passes away during the term of the policy i.e. before the policy has reached
maturity, the amount payable under the policy will be given as a claim to the nominee named in
the policy. This claim is known as a Death Claim.
12. What is the duration within which the claim has to be reported?
A. There is no specific time frame mentioned, but the claimant must report the claim as soon as
possible, to ensure that the process can be initiated quickly.
13. Who may receive the claim benefit?

A. Any of the following may be entitled to receive the claim benefit:
The Nominee or Appointee (in case of minor Nominee) last recorded under the policy, if the
policy has been taken by some for their own life.
The Proposer (if the policy has not been taken for ones own life)
Assignee (if the policy was assigned).
Trustee under MWPA (Married Woman Protection Act) policies / Karta (in case of HUF (Hindu
Undivided Family policies).
14. Will TDS be applicable on partial withdrawals?

A. Yes, TDS will be applicable even for partial withdrawal maturity, surrender and termination
payouts.
15. Can I change the mode of premium payment during the policy?
A. Yes, you may change the mode by which you want to pay your premiums, after the policy has
commenced. You may only request for a change in premium payment mode once the policy is in
force. The request for the same will only be accepted 30 days prior to the due date of an in-force
policy.
Claims ratio of IDBI Federal Life Insurance Company
Year 2007 - 08 2008 - 09 2009 - 10 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 201
Claims ratio - 30.77 49.52 64.92 67.46 80.06 90.34 75.80 84.7
IDBIs iSurance Online Term Plan Review

IDBIs iSurance is an online term plan that provides a large life insurance cover in the range of
Rs. 50 Lakh-80 Crore by paying an annual premium for the term or duration of the policy. It also
provides an additional death benefit option. There are discounts on premium for opting a cover
higher than Rs 75 lakhs and above.
Compare Term Plans
Key Features
Life cover of upto Rs. 2 crore with an optional accidental death cover
Discounts for high sum assured as follows:
DISCOUNT IN PREMIUM PER

SUM ASSURED (Rs.)
SUM ASSURED (IN )
75,00,000 - 99,99,999 0.025
1,00,00,000 0.050
Special discounts for women applicants
Policy provided after medical examination
Tax benefits on premium paid and benefits received as per Income Tax Act 1961
Option to endorse the plan under Married Womens Property Act, 1874, to ensure that
life cover is paid only to your wife and/or children
Eligibility & Other Restrictions under IDBIs iSurance
Minimum: 18 years (as of last birthday)

AGE AT ENTRY
Maximum: 50 years (as of last birthday)
Minimum: 50 lacs
Maximum: 30 crore.
LIFE COVER
We assess your health and financial profile before
we offer the life cover.
Maximum: Rs. 2 Crore
ACCIDENTAL DEATH BENEFIT - The premium for ADB can be amaximum of
(ADB) 30% of the premium for life cover, and
- The maximum ADB cover is equal to the Life cover
Minimum: 10 Years
POLICY TERM
Maximum: 25 Years
It is the same as the policy term.
PREMIUM PAYMENT TERM For example, for 10 years policy term, you pay premium for
10 years
PREMIUM PAYMENT
Annual
FREQUENCY
Additional Features and Benefits of IDBI Federal iSurance
Online Term Insurance Plan

In case of your unfortunate death during the policy termwewill pay your beneficiary the highest
of the 3 amounts given below:
Life cover asmentioned in the policy schedule
105% of all the premium paid till the date of death
10 times the annual premium (if you are less than 45 years) or 7 times the annual
premium (if you are 45 years or above)
IDBI Federal Lifesurance Savings Insurance Plan
IDBI Federal Lifesurance Savings Insurance Plan is a fixed-term participating Endowment

Plan. It is a Traditional Plan with Bonus facility.
How it works In this plan, premium needs to be paid for a minimum tenure of 5-6 years,
depending upon the Policy Tenure chosen upto a maximum till the end of the Policy Tenure. The
policy can be opted for policy tenure of 10, 15 20 and 25 years.
In this plan, there is Guaranteed Additions of Rs 50 per Rs 1000 sum insured for the first 5
policy years, which is payable along with sum insured on policy maturity or on earlier death.
After the 5th policy year, the policy starts to participate in the Bonus, which again is paid on
policy maturity or on earlier death.
On survival till policy maturity, the Sum Insured + vested Guaranteed Additions + vested
Reversionary Bonuses + Terminal Bonus, if any, would be paid to the policyholder in a lump
sum as Maturity Benefit, provided all premiums have been paid. However, if the life insured dies
within the policy tenure, the Sum Insured + vested Guaranteed Additions + vested Reversionary
Bonuses + Interim Bonus + Terminal Bonus, if any, would be paid in a lump sum as Death
Benefit and the policy terminates.
Key Features of IDBI Federal Lifesurance Savings Insurance Policy
It is a participating endowment plan
There is Guaranteed Additions in this plan for the first 5 policy years and then Bonus
thereafter
On death of the Life Insured within the policy tenure, Sum Insured + vested Guaranteed
Additions + vested Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any,
would be paid as Death Benefit
On survival till the end of the policy tenure, the policyholder gets 100% sum insured +
vested Guaranteed Additions for first 5 years + vested Revisionary Bonuses declared
from 6th year onward + Terminal Bonus (if any) as Maturity Benefit
This plan offers rebate for High Sum Assured of Rs 10 lakhs and above
There is an additional premium discount for female life insured
Benefits you get from IDBI Federal Lifesurance Savings Insurance Plan
Death Benefit In case of death of the Life Insured within the Policy Tenure, the
nominee gets the Sum Insured + vested Guaranteed Additions + vested Reversionary
Bonuses + Interim Bonus + Terminal Bonus, if any, as Death Benefit, provided all
premiums have been paid

Maturity Benefit On survival till the end of the policy tenure, the policyholder gets
100% sum insured + vested Guaranteed Additions for first 5 years + vested Revisionary
Bonuses declared from 6th year onward + Terminal Bonus (if any) as Maturity Benefit
and the policy terminates.

Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a
deduction from the taxable income each year under section 80C and the Maturity
Proceeds are tax free under section 10(10)D subject to fulfilment of terms and
conditions.

Eligibility conditions & other restrictions in IDBI Federal Lifesurance Savings
Insurance Insurance Plan
Minimum Maximum
Depends on Age, Premium Payment
Sum Assured (in Rs.) No Limit
Term & Policy Term
Policy Term (in years) 10 25
5 years (Policy terms of 15,20 & 25
Premium Payment Term (in years) years) Equal to Policy Term
6 years (Policy term of 10 years)
Entry Age of Life Insured (in years) 18 65
Age at Maturity (in years) - 75

Rs. 20,000(yearly mode) ,
Rs. 10,000 (half-yearly mode)
Premium (in Rs.) No Limit
Rs. 5,000 (quarterly mode) ,
Rs. 2,500 (monthly mode)
Payment modes Yearly, half yearly, quarterly and monthly
IDBI Federal Wealthsurance Future Star Insurance Plan
IDBI Federal Wealthsurance Future Star Insurance Plan is a Unit Linked Insurance Plan
(ULIP) which financially supports important milestones of the childs future e.g. higher
studies, professional courses, marriage etc., and the plan also offers insurance cover to the
parents which ensures that if insured parent not being alive, the child will get financial
support with an immediate death benefit.
How does the plan work?
The policyholder can customize the plan as below:-
Identify the amount that s/he want to build to fulfil child's dreams
Decide the premium amount and premium term
Select the preferred investment management option to effectively utilise and manage the
money towards the financial goals
Finalise the amount (Sum Assured) for financial protection of the child from the life cover
aspect of the plan
If the policyholder survives the tenure, then s/he gets the fund value on the maturity
which can be used to fulfil childs dreams. In case policyholder dies within then tenure,
the nominee (child) gets the lump sum amount and all the future premiums are waived
off.
Key Features of IDBI Federal Wealthsurance Future Star Insurance Plan
Flexibility to choose the premium amount and policy term
Choice of 9 investment options as per individual risk appetite
Life cover for the parent with immediate lump sum payout upon death of the insured
parent
Loyalty additions for staying invested
Tax Benefit under section 80 C and 10 (10D)

Benefits you get from IDBI Federal Wealthsurance Future Star Insurance Plan
Death Benefit If the Life Insured dies within the policy tenure, below is the benefit applicable:-
Lump sum amount is paid to the nominee
All the future premiums are waived off.
Where, sum assured on death is categorized as below:-

For insured person of age below 45 years, higher of:-
- 10 times the annual premium
- 0.5 * policy term * annual premium
For insured person of age 45 years and above,
Premium Payment Term less than 8: Higher of
- 7 times Annual Premium
- (0.25 * Policy Term* Annual Premium)
Premium Payment Term equal or greater than 8: Higher of
- 10 times Annual Premium
- (0.25 * Policy Term* Annual Premium)
Maturity Benefit If the Life Insured survives till the end of the Policy Tenure, the Fund Value
and bonuses (if declared) is given in a lumpsum and the Policy terminates.
Income Tax Benefit Premiums paid under life insurance policy are exempted from tax under
Section 80 C and the Survival and Maturity Benefits are exempted from tax under Section 10
(10D).
Eligibility conditions and other restrictions in IDBI Federal Wealthsurance Future Star
Insurance Plan
Criteria Minimum Maximum
Age at entry for insured person(s) (in years) 18 54
Maturity age for insured person(s) (in years) 28 64
Policy Term (in years) 10 25
Premium Payment Term (in years) 5 Up to policy
Premium amount (annually) Rs. 25,000 Rs. 95,000

Additional Features and Benefits of IDBI Federal Wealthsurance Future Star Insurance
Plan
Choice of 2 benefit options under the Life Cover benefit:-
1. Wealth Care Switcher Benefit: upon death of the policyholder the funds automatically
gets moved to Systematic Allocator facility, this ensures that accumulated corpus is well
managed for growth and is not exposed to the market risk as it approaches maturity.
2. Education Support Benefit: On the death of the policy owner, the fund value is paid out
in instalments during the last five policy years instead of a lump sum amount at maturity.
These instalments can be used to support the childs educational needs.
Investment Fund Options
This plan has 2 Investment Strategy:

Self Management of Investment: There are 9 Investment Funds available
1. Equity Growth Fund,
2. Midcap Fund,
3. Pure Fund
4. Bond Fund,
5. Income Fund, and
6. Liquid Fund
7. Aggressive Asset Allocator Fund
8. Moderate Asset Allocator Fund
9. Cautious Asset Allocator Fund
And Systematic Allocator- a facility which balances the asset allocation between equity and
debt based funds to provide growth along with age based safety which is aligned to the maturity
of the plan.
Switching - Unlimited switches are allowed in this plan for free.
Partial Withdrawal - Partial withdrawals are allowed only after completion of 5 policy
years. The minimum amount of partial withdrawal is Rs.10, 000
Freelook: - If the policyholder is not convinced with the Terms and Conditions of the
policy, s/he can cancel the policy within 15 days from the date of receipt of the policy
document.
Policy Charges in IDBI Federal Wealthsurance Future Star Insurance Plan
Premium Allocation Charge: This charge gets deducted from the premium paid and
the balance premium amount is then transferred to your investment account. The
premium allocation charge for the first policy year is 3.15% of the annual premium,
however, from second year onwards the premium allocation charge is zero.
Mortality Charges: To meet the cost of Life Insurance Benefit, Mortality charge is
deducted at the beginning of each month by cancellation of the units in your Investment
Account. It is calculated on the basis of the sum at risk.
Policy Administration Charge: To meet the costs of the plan and support the benefits,
a policy administration charge is levied. The charge is deducted at the beginning of each
month by cancellation of units from your Investment Account.
TATA AIG GENERAL INSURANCE
Motor Insurance
A vehicle in todays world is an inseparable part of life. It gives an exclusiveness & freedom to
your movement whether it is your day to day activity or going for a long drive with your family. It
may affect your livelihood if this is your source of income. To use your vehicle in any public
place it is mandatory to insure the same against minimum Third party liability as per the
provisions of Motor vehicle Act.
However Third party insurance alone will not protect from the financial losses which you may
incur because of an unfortunate situation of accident or theft of your vehicle. Hence it makes
sense to buy a comprehensive Motor Insurance Policy to give you complete protection.
Tata AIG General Insurance Company Limited understands these needs and offers Motor
Insurance policies that provide the added protection for the vehicle you love. Motor Insurance
Policies from Tata AIG General Insurance Company Limited insurance includes private car
insurance, two wheeler insurance, commercial vehicle insurance.
Enhanced protection through unique add on covers
Direct Settlement / cashless claims at garages
Road Side Assistance Cover available for just Rs.116 exclusive of service tax for private
cars
No deduction of salvage
No Claim Bonus is unaffected even if one claim is paid for repair of

glass/fibre/plastic/rubber parts of the vehicle under the policy.
Auto SecurePrivate Car Package Policy

Your personal car is not only a high value possession but a necessity also. Apart from comfort &
exclusiveness it gives freedom to your movement whether for your day to day work or going for
a long drive with your family. Any accidental damage or theft will not only upset your routine but
may upset your financial condition as well. To protect against such unpleasant situation you
need a comprehensive car Insurance policy which not only meets the mandatory third party
insurance requirements but also covers the car against the losses caused due to fire, theft,
explosion, burglary, riots, strikes, earthquakes, flood, cyclones, accidental external means,
malicious acts and terrorist activities.
Auto Secure Private car package Insurance policy from Tata AIG General Insurance Company
Limited gives you the extra assurance & peace of mind you require. Our 12 unique add-on
covers enhances the cover under standard private car insurance policy.
Key Features
Free pick-up of car!*
Direct settlement facility at special garages!*
Upto 6-month accident-repair warranty
Quality spares and materials, guaranteed!
Claim settlement in 7 days!
Enhanced protection though 12 unique add on covers.

Key Features

Key Features

Key Features
Auto Secure -Two Wheeler Long Term Policy
Motor Third Party insurance is mandatory under Motor vehicles Act. Arranging insurance every
year for your two wheeler may be a tedious & stressful task. In the hectic & busy schedule of
modern world the chances that you forget to renew is also there which will not only be a
violation of law but may land you up in huge loss & liability in case of any accident.
To relieve you from the stress of buying policy every year TATA AIG has brought Long term two
wheeler Package policy ( covering own damage & third Party risks) for a maximum period of 3
years provided your vehicle is not more than 5 year old which will have the following additional
advantages
Saving on Own Damage premium.
Protection from increase in third party premium.
Reliving you from remembering the renewal dates.
Product Description
This policy will be covering the vehicle while it is being used

Against loss/damages by perils such as fire, lighting, accident, burglary & house
breaking, flood, Earthquake, Riot, strike & Malicious damages etc.
Against the legal liability to death & bodily injury to any person including the occupant
(carried as per the provision of M V Act), property damage of maximum of Rs 1 lakh unless
lower amount selected by you along with cost & expenses incurred with the consent of the
company.
The policy will also cover the risk of Personal accident for Rs 1 lakh for the owner driver
if the vehicle is registered in the name of an individual who holds an effective & valid driving
license.
Major exclusions of the policy are*
If the vehicle is used for hire or reward, racing, speed testing, reliability trials etc.
If the vehicle is used outside the geographical area i.e. outside India.
Any consequential loss, wear & tear, Mechanical & electrical breakdown.
Nuclear perils, war & war like operations.
Following extra benefits are also available with this policy-
Personal accident to unnamed passengers / pillion other than insured and the paid driver
this cover is also available for a SI of Rs.2,00,000/-
Electrical / Electronic fittings The fittings which are not in-built with the vehicle can also
be covered for this.
Auto Secure-Commercial Vehicle Package Policy

UIN: TAG-MO-P13-41-V02-13-14
A commercial vehicle may be a source of livelihood for you & your family members . Any
accidental damage or theft to this may result into huge financial loss to you or may even result
into shut down of business . Living with such uncertainites is very risky hence requires an
insurance policy to minimise such unceratinites & risk.
Cover can be widened by opting for any or all addon covers (if applicable) from the 6 unique
addon covers we have.
Auto Secure - Commercial vehicle package policy provides the insurance cover not only for the
liabilty arising out of the third party but covers you against the financial loss because of theft or
accidental damage to your vehicle.
Key Features
Covers all the features as per the Motor Vehicle tariff
Covers Goods Carrying Vehicles, Passenger Carrying Vehicles, Taxies and

Miscellaneous class of vehicles such as Tractors, Cranes and Trailers .
Offers extra benefit through 6 unique addon covers.
Liability Only Policy
As per provisions of Motor Vehicle Act 1988, no person can use the vehicle in public place
unless the vehicle is covered by a insurance policy with minimum coverage of Third Party
Liability. The mere presence of a motor-vehicle in a stationary condition in a public place will
constitute the use. Accordingly Liability Insurance cover is mandatory cover for vehicles.
Liability only policy not only covers Third Party Property Damage but also provides cover for
Death or bodily injury to third party. Liability only policy can be taken for private car, two wheeler
& commercial vehicles also.
Travel Insurance
Business, sight-seeing, shopping are the things you usually plan for when you travel. What
about unforeseen emergencies like lost baggage (and passports), flight delays, personal
accidents, even a hospital stay in a strange unknown place while you are traveling?
Very few people plan for real risks like these. Travel Insurance policies from Tata AIG General
Insurance Company Limited, take care of emergencies during your travel, whether overseas or
domestic. Online Travel Insurance policies from Tata AIG General Insurance Company Limited
offer convenience of purchase.
Travel Guard
UIN: IRDA/NL-HLT/TAGI/P-T/V.III/35/14-15
Flexible - There are five plans available under the Single Trip policies which are
Silver,Silver Plus, Gold, Platinum and Senior Plan. There are also two options under an Annual
Multi Trip program where a traveller can buy an Annual Multi Trip Gold and Platinum Plans
Travel Guard Assist : Emergency Assistance, Medical Evacuation, Repatriation across

the Globe
Renewable for life (For annual Multi Trip only).
15 days Free Look period (For the new business under annual multi trip only)
30 days Grace Period (For renewals annual multi trip only)
Sum Insured Enhancement Sum Insured can be enhanced only at the time of renewal.
However the quantum of increase shall be as per underwriting guidelines of the company, (for
renewals under Annual multitrip only).
Changes will be notified to the policyholders 3 months in advance in case of revision

/modification in approved product ( For annual multi trip only).
Likelihood of withdrawal of the product will be notified to the policy holders 3 months
prior to the expiry of the policy and option would be given to migrate to similar travel insurance
policy
Student Guard- Overseas Health Insurance Plan:
UIN:IRDAI/NL-HLT/TAGI/P-T/V.II/237/14-15
Student Guard Overseas Health Insurance Plan product is designed keeping in mind the
student going abroad to pursue higher studies. You have worked so hard for that opportunity to
study abroad. You need to be able to focus on your mission and not worry about any
unexpected hurdles that come your way, which is why you need student travel insurance.
Student Guard Overseas Health Insurance Plan, a student insurance policy to help you
achieve your dreams. We assist you in case of health risks, accidents & loss of sponsorship
when you travel abroad and also family emergencies back home.
Choose from 5 Plan options Plan A, Plan B, Ultimate, Ultimate Plus and Supreme with
Accident & Sickness Medical Expenses Reimbursement limits of $50,000, $100,000, $250,000,
$500,000 and $500,000 respectively.
More comprehensive cover including Maternity Benefits, Child Care, Cover for Mental
and Nervous Disorders, Cancer Screening and Mammography examinations.
15 days Free Look period (For the new business under annual multi trip only).
30 days Grace Period (For renewals under annual multi trip only).
However the quantum of increase shall be as per underwriting guidelines of the company.(For
Renewals under annual trip policy only)

/modification in approved product (Applicable for Annual trip Policyholders).
prior to the expiry of the policy and would be given the option to migrate to similar Travel
Insurance Policy.
Asia Travel Guard Policy
UIN: IRDA/NL-HLT/TAGI/P-T/V.I/241/13-14
Asia Travel Guard Policy is a travel insurance policy that provides a comprehensive level of
protection that can take care of any and every mishap, right from loss of baggage to medical
emergency situations
Accident and Sickness Medical Expenses: Reimbursement of medical expenses due

to accident and sickness.
Emergency Medical Evacuation and Repatriation of Remains: In the event of a

medical emergency, we will arrange for the evacuation and transportation to move an ill or
injured Insured to another location where appropriate medical treatment is available. The policy
provides for repatriation of remains in case of unfortunate death of the insured while on trip.
Asia Travel Guard Policy

Holidays are the perfect opportunity to enjoy yourself and be with your loved ones. These
special moments of togetherness are meant to be cherished forever.
So whenever you are travelling within Asia with Asia Travel Guard Policy, we ensure that every
single moment of your holiday remains a sweet memory. So go ahead and enjoy it, because we
understand that's what the holidays are meant for! As for the rest, we have you covered!
Domestic Travel Guard Policy
UIN: IRDA/NL-HLT/TAGI/P-T/V.I/240/13
Accidental Death and Dismemberment Benefit
Emergency Accident Medical Expenses Reimbursement: provides coverage for

medical expenses incurred towards the treatment due to accidental injuries.
Missed Departure (Rail / Air): In the event of missing the departure of your booked
journey, the cost of your actual ticket (air / rail) will be reimbursed subject to certification by the
concerned authority if you cannot reach the original departure point of your booked journey on
the outward or return journey incase
o public transport services fail or
o the vehicle in which you are travelling is involved in an accident, on the way to
catch the return flight/train journey
Accommodation charges due to trip delay:Provides reimbursement coverage for
accommodation charges if trip is delayed for more than 5 hours due to covered hazard. Benefits
are subject to the per day maximum shown in the Policy Schedule
Loss of Tickets : We will reimburse upto the amount stated in the policy schedule for
the cost of your actual Ticket (Common Carrier Air/ Rail) subject to the deductible, if the same
is lost by you and you could not continue your intended travel.
Emergency medical evacuation: In the event of a medical emergency, the

arrangements for the evacuation and transportation of the insured for appropriate & quality
medical care, shall be covered.
24 x 7 Assistance: Our assistance team will be available round the clock for any
assistance or referral services.
Renewable for life (For annual Multi Trip only).
15 days Free Look period (For the new business-annual for multi trip only)
30 days Grace Period (For renewals for annual multi trip only)
Sum Insured Enhancement Sum Insured can be enhanced only at the time of
renewal . However the quantum of increase shall be as per underwriting guidelines of the
company.( For renewals annual mutitrip only).

/modification in approved product.
prior to the expiry of the policy and option would be given to migrate to similar travel insurance
policy .
Health Insurance
Today health insurance is the need of the hour as it is not just an old age issue. Misfortunes also
never announce their arrivals. With our new age our susceptibility to risks has increased more
than ever. Some of these risks can often bring in unforeseen hospitalization causing a financial
burden on you and your family. With the escalating medical care costs the charges like
Surgeon's fees, diagnostic tests etc may turn out to be very expensive.
Tata AIG realizes your needs arising from such unforeseen situations and offers a range of
solutions health insurance policies that will help you preserve your savings.
MediPrime Cashless Health Insurance
UIN: IRDA/NL-HLT/TAGI/P-H/V.I/34/13-14
Does your health insurance offer you cashless mediclaim in 4 hours** & help you save on tax
too? We do. Tata AIG General Insurance Company Limited MediPrime is a transparent cashless
health insurance policy without any Co payment on health expenses, so both you and your
savings remain healthy.
MediPrime Key Features
No medicals on enrollment Upto 50 years and/or for sum assured upto Rs 5 lacs
Comprehensive hospitalization coverage withoutany sub-limits
o Room & ICU charges
o On day care procedures expenses
o On domiciliary treatment
o On organ donor expenses
Tax Benefits-Get tax benefits for premium paid on policies as per section 80D of the
Income Tax Act.Tax benefits are subject to changes in tax laws.
No co-pay is applicable
Cashless hospitalization at 3000+ hospitals Click here to view the list of network
hospitals
No loading on renewal premium in case of a claim
We offer lifelong renewal provided renewal premium is paid without any break prior to
policy expiry or within grace period.
Free Look Period You have a period of 15 days from the date of receipt of the Policy
document to review the terms and conditions of this Policy. If You have any objections to any of
the terms and conditions, You have the option of cancelling the Policy stating the reasons for
cancellation and You will be refunded the premium paid by You after adjusting the amounts
spent on any medical check-up, stamp duty charges and proportionate risk premium. You can
cancel Your Policy only if You have not made any claims under the Policy. All Your rights under
this Policy will immediately stand extinguished on the free look cancellation of the Policy. Free
look provision is not applicable and available at the time of renewal of the Policy.
Grace Period of 30 days for renewing the Policy is provided under this Policy. However,
coverage would not be available for the period for which no premium has been received.
However the quantum of increase shall be as per underwriting guidelines of the company.
Option to migrate to similar Indemnity health insurance policy
prior to the expiry of the policy and option would be given to migrate to similar Health
Wellsurance Executive Policy

Today's environment demands more of anyone looking to make a mark in this competitive
world. Somewhere between the pressure to meet demands and the burning desire to excel,
ones health is often the first of the compromises.
Wellsurance Executive Policy goes beyond what health insurance policies do, and is designed
to take care of the busy executive and his well being.
Wellsurance Family Policy Family Fixed Benefit Plan

You give your family nothing but the best. When it comes to health insurance, it should be no
different.
Wellsurance Family Policy pays special attention to each member of your family, to prevent
unexpected emergencies from affecting your financial health. From higher daily cash cover if a
family member is admitted to the ICU to childrens education benefit, this family health
insurance policy does more than just care for your familys health.
It cares for their well being.
We offer life-long renewal subject to application for renewal and the renewal premium in full has
been received by the due dates and realisation of premium, unless the Insured Person or any
one acting on behalf of an Insured Person has acted in an improper, dishonest or fraudulent
manner or any misrepresentation or non cooperation under or in relation to this policy or the
policy poses a moral hazard.
Fixed lump sum benefit is paid for
Hospitalisation: cover hospitalization, Intensive care unit (ICU) admission and convalescence
benefit
Critical Illnesses: On diagnosis of any of the listed 11 covered critical illnesses. Coverage
continues for remaining covered critical illnesses even after claiming benefit for diagnosed
critical illness.
Childrens Education benefit in case of Accidental death/Permanent total disability of the
policyholder.
Avail of unique Wellness benefits. Get the Wellsurance Advantage
spent on stamp duty charges and proportionate risk premium. You can cancel Your Policy only if
You have not made any claims under the Policy. All Your rights under this Policy will immediately
stand extinguished on the free look cancellation of the Policy. Free look provision is not
applicable and available at the time of renewal of the Policy
Sum Insured Enhancement The Insured may seek enhancement of Sum Insured and /
or addition of insured in writing at the time of renewal, before the payment of premium.
However, notwithstanding enhancement, for claims arising in respect of accident, injury or
illness contracted or suffered during a preceding Policy period, liability of the Company shall be
only to the extent of the Sum Insured under the Policy in force at the time when it was
contracted or suffered. The Enhanced Sum Insured/Additional Insured will have a fresh proposal
status where the waiting period, deductibles and exclusions shall apply afresh.

prior to the expiry of the policy and option would be given to migrate to similar Health Insurance
policy
Migration option for dependents at their exit age
Tax Benefits - Get tax benefits for premium paid on policies as per section 80D of the
Income Tax Act. Tax benefits are subject to income tax laws.
Wellsurance Woman Policy Health Insurance for Women

Todays Indian woman is extremely focused - shes a real achiever. As she makes her mark, she
balances multiple roles perfectly. Be it a supportive wife, a caring mother or a successful career
person, there are very few things that she doesnt have the time for - her health, unfortunately
can be one of those things.
Thats why we created Wellsurance Woman Policy, a perfect health insurance for women that
looks beyond her health insurance needs and ensures her well being in all phases of life.

Fixed lump sum benefit is paid for -
11 Critical Illnesses. Higher benefit incase of Cancer.
Daily Hospital Cash benefit.
Higher Hospital Cash for ICU/ICCU admissions.
Convalescence benefit.
Cosmetic Reconstruction Surgery benefit for accidental injuries.
Tax Benefit - Get tax benefits for premium paid on policies as per section 80D of the
Income Tax Act. Tax benefits are subject to income tax laws.
We offer life-long renewal subject to application for renewal and the renewal premium in
full has been received by the due dates and realisation of premium, unless the Insured Person
or any one acting on behalf of an Insured Person has acted in an improper, dishonest or
fraudulent manner or any misrepresentation or non cooperation under or in relation to this policy
or the policy poses a moral hazard.
Free Look Period-You have a period of 15 days from the date of receipt of the Policy
applicable and available at the time of renewal of the Policy.
Sum Insured Enhancement- The Insured may seek enhancement of Sum Insured in
writing at the time of renewal, before the payment of premium. However, notwithstanding
enhancement, for claims arising in respect of accident, injury or illness contracted or suffered
during a preceding Policy period, liability of the Company shall be only to the extent of the Sum
Insured under the Policy in force at the time when it was contracted or suffered. The Enhanced
Sum Insured will have a fresh proposal status where the waiting period, deductibles and
exclusions shall apply afresh.

prior to the expiry of the policy and option would be given to migrate to similar Health Insurance
policy
Individual Accident & Sickness Hospital Cash Policy

UIN: IRDA/NL-HLT/TAGI/P-P/V.I/288/13-14
With our new age lifestyles, our susceptibility to risks has increased more than ever. With the
escalating medical costs the charges like Surgeon's fees, diagnostic tests etc may turn out to be
very expensive. In some instances the hospitalization may be prolonged and may drain your
savings.
Tata AIG General Insurance Company Limited Individual Accident and Sickness Hospital Cash
is a perfect supplement for an individuals health insurance policy and can be taken along with
any other health insurance schemes.
Key Features
A Daily benefit hospitalization for Accident & Sickness.
No Pre-policy check up required
Hospitalisation Cash upto 180 days in case of Accidents or Sickness
Income Tax Act.Tax benefits are subject to changes in tax laws.
Flexibility in choosing options-5 different levels .

We offer life-long renewal subject to application for renewal and the renewal premium in
full has been received by the due dates and realisation of premium, unless the Insured Person
or any one acting on behalf of an Insured Person has acted in an improper, dishonest or
fraudulent manner or any misrepresentation or non cooperation under or in relation to this policy
or the policy poses a moral hazard.
coverage would not be available for the period for which no premium has been received
renewal . The Enhanced Sum Insured will have a fresh proposal status where the waiting
period, deductibles and exclusions shall apply afresh. However the quantum of increase shall
be as per underwriting guidelines of the company.
Any revision / modification in the product will be done with the approval of the Insurance
Regulatory and Development Authority and will be intimated to you atleast 3 months in advance
In the likelihood of this policy being withdrawn in future, we will intimate you about the
same 3 months priorto expiry of the policy. You will have the option to migrate to similar health
insurance policy available with us at the time of renewal with all the accrued continuity benefits
provided the policy has been maintained without a break as per portability guidelines issued by
IRDA.We will offer the Insured Person an option to migrate to similar health insurance Policy
with Us provided that:
Insured Person has been insured with Us underthis Policy as a dependant.
This option for migration to similar Indemnity health insurance policy shall be exercised by the
Insured Person only when he / she is at the end of specified exit age, and certainly at the time of
renewal only.
Insured Person will be offered continuity of coverage & suitable credits , if any , for all the
previous policy years, provided the policy has been maintained without a break.
Group Accident & Sickness Hospital Cash Policy

With our new age lifestyles, our susceptibility to risks has increased more than ever. With the
escalating medical costs the charges like Surgeon's fees, diagnostic tests etc may turn out to be
very expensive. In some instances the hospitalization may be prolonged and may drain your
savings. Tata AIG General Insurance Company Limited Group Accident and Sickness Hospital
Cash Policy is a perfect supplement to the group health insurance policy and can be taken
along with any other health insurance schemes
Key Features
A Daily benefit for Accident & Sickness hospitalization.
No Pre-policy check up required.
Hospitalisation Cash upto 180 days in case of Accidents or Sickness
Income Tax Act. Tax benefits are subject to changes in tax laws.
o Flexibility in choosing options-5 different levels.
o We offer life-long renewal subject to application for renewal and the renewal
premium in full has been received by the due dates and realisation of premium, unless the
Insured Person or any one acting on behalf of an Insured Person has acted in an improper,
dishonest or fraudulent manner or any misrepresentation or non cooperation under or in relation
to this policy or the policy poses a moral hazard.
o 15 days Free Look period (For the new business only)
o 30 days Grace Period (For renewals only).
o Sum Insured Enhancement Sum Insured can be enhanced only at the time of
renewal .The Enhanced Sum Insured will have a fresh proposal status where the waiting period,
deductibles and exclusions shall apply afresh.However the quantum of increase shall be as per
underwriting guidelines of the company.
o Changes will be notified to the policyholders 3 months in advance in case of

revision /modification in approved product.
o In the likelihood of this policy being withdrawn in future, we will intimate you
about the same 3 months prior to expiry of the policy, You will have the option to migrate to
similar product available with us at the time of renewal.
Individual Personal Accident Insurance
Life's journey takes you through many twists and turns. You may not be prepared for it, but you
have to face it. Accidents, mishaps and other adverse situations bring along dire consequences.
They can leave a dent on your life both emotionally and financially, if you are not prepared for it.
Tata AIG General Insurance Company Limited's suite of personal accident products protects
you from unforeseen adversities ensuring total security & peace of mind. Our range of plans not
only protect self, but also for your spouse & children.
Accident Guard Policy

Life's journey takes you through many twists and turns. You may not be prepared for it, but you
have to face it. Accidents, mishaps and other adverse situations bring along dire consequences.
They can leave a dent on your life both emotionally and financially, if you are not prepared for it.
Tata AIG General Insurance Company Limited brings to you a comprehensive accident
insurance cover policy that protects you from all adversities of life Accident Guard Policy. We
ensure there are no speed-breakers in your lif
Key Features
Flexible : The product has been designed for your convenience enabling you to pick
and choose the benefits best suited to you and your family. This plan can be taken in multiple
units of Rs. 5 lacs up to Rs. 1 crore.
We offer lifelong renewal provided premium is paid without any break.
Sum Insured Enhancement: Sum Insured can be enhanced only at the time of renewal
. However the quantum of increase shall be as per underwriting guidelines of the company.

Option to migrate to similar Individual Personal accident policy for dependents at the
specified exit age
prior to the expiry of the policy and option would be given to migrate to similar
Individual Personal Accident Insurance policy
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. The total of all increases is limited to twenty five (25%) percent.
Injury Guard Policy

UIN:IRDA/NL-HLT/TAGI/P-P/V.I/196/13-14
Life by definition is full of uncertainties and unexpected events and as much as wed like to
avoid them. We can come across accidents at any point of time in our lives. While we all like to
believe that it won t happen to us ,the risk of injury is likely to increase with age ,And while you
worry about your health you may also have an additional thing to worry about and thats the
money required for the treatment. With the Injury Guard Policy you can ensure a greater level of
financial independence should any such need arise. The scope of accident insurance covered
should range from simple fractures to skin burns at different levels. At Tata AIG General
Insurance Company Limited we understand that your needs would be unique and have
therefore taken utmost care to be sensitive in addressing the same by way of providing you with
four different plans/options and riders to choose from as per your individual estimated
requirement.
Key Features
No Medical examination required.
Sum Insured Enhancement: Sum Insured can be enhanced only at the time of
renewal. However the quantum of increase shall be as per underwriting guidelines of the
company.
Option to migrate to similar Individual Personal accident policy for dependents at the
specified exit age.
prior to the expiry of the policy and option would be given to migrate to similar Individual
Personal Accident Insurance policy.
Income Guard Plan

Many people die annually in road accidents in India and of those who die are below the age of
45. Apart from the personal suffering what suffers the most is the source of income. Income
Guard Plan takes care of all such uncertainties.
Key Features
Income Guard Plan is a Personal Accidental Plan, designed to cover Accidenta

l Death,Accidental Dismemberment, Permanent Total Loss of Use.
company.

Option to migrate to similar individual personal insurance policy for dependents at the
specified exit age
Personal accident Insurance policy
Secured Future Plan

*Guaranteed monthly income upto 20 years -We, at Tata AIG General Insurance Company
Limited understand that an unfortunate accident can create serious financial problems for your
family.
Secured Future Plan is the right solution for future uncertainties that will affect your familys
financials.
Key Features
Flexibility: Depending upon your monthly expenditure you can choose the highly
flexible options, with Monthly income benefits ranging from Rs.10000 to Rs.35000, for a period
of 5 years to 20 years.
*Guaranteed Monthly Income: The monthly income is not subject to market risks and
is guaranteed over the period chosen, provided the claim is being admissible and payable by
the Company .
No medical examination is required.
24 hours world wide coverage.
Sum Insured Enhancement :Sum Insured can be enhanced only at the time of renewal
. However the quantum of increase shall be as per underwriting guidelines of the company.
Personal Accident Insurance policy
Secure Income High Policy

You are responsible for your familys needs and financial security. However, in these uncertain
times, one does not know when, what might happen. Therefore, it becomes your responsibility
to ensure your familys future.
Tata AIG General Insurance Company Limited Secure Income High Policy is helpful in such
times.
Key Features
The insured person is covered against accidental death, dismemberment and

Permanent Total loss of use of limbs resulting from an accident.
After the initial lump sum benefit payout the beneficiaries will receive regular monthly
installments for the next 5 years.
Daily benefit will be paid for each day for the amount as stated in the Schedule,
maximum upto 5 days commencing from 4th day of hospitalization.
Coverage provided anywhere in the world, 365 days a year and 24 hours a day.
company.

Maha Raksha - Personal Injury Policy

Life is unpredictable. You cannot avoid accidents but you can make sure they dont hurt your
familys finances. In case of an accident there all sorts of costs involved in treatment and
recovery. You need to ask yourself some questions to realise how well you are prepared for
them.
Key Features
Cash benefit for accidental injuries and hospitalization irrespective of your expenses.
You can utilize it in whichever way you need to.
Accidental policy with eligible entry age from 18-75 years, however policy is renewable
for life on payment of premium.
Make your claim even if you have another policy.
Premium does not increase with the age.
24 hour coverage provided world wide
No Medical Examination required
No restrictions on hospitals
Sum Insured Enhancement : Sum Insured can be enhanced only at the time of
company.

/modification in approved product
Home Insurance
You worked harder, longer and saved every penny to give yourself and your loved ones the
security of a home. A home that they could call their own. Its only understandable that you
should want to secure your most important asset from any possible kind of natural or man-made
catastrophe. Tata AIG General Insurance Company Limited realises the need and has designed
a variety of home insurance products that cater to everyones home insurance needs. After all,
homes are not built everyday.
Instachoice Home Insurance
Tata AIG General Insurance Company Limited Instachoice Home Insurance is a do it your self
insurance product which allows you to choose and design your own home insurance cover
instantly.
Key Features
Easy and Instant, No Documentation
Flexible lets you decide the premium that you want depending on the coverage
amount you choose
Offers a burglary cover for jewellery
Covers domestic appliances as old as 8 years making it an instant hit amongst home
owners and non-owners alike.
Home Secure Supreme

Tata AIG General Insurance Company Limiteds Home Secure Supreme is a flexible home
insurance plan which can be customized for Individual needs. The plan offers you 15
comprehensive coverage options to choose from.
Key Features
Offers new benefits like purchase protection, medical expenses, temporary resettlement
expenses.
Totally Customizable: it gives you the flexibility to choose not only from the cover options
but also the sum insured as per your need.
Jewellery and Valuables are being offered as an all risk cover as a part of this particular
plan.
Home Coupon
An on the spot cover for your home that comes with easy documentation.
Key Features:
Fire & Allied Perils includes earthquake & terrorism as per tariff.
Burglary on 1st loss - In the event of a claim, any loss up to the SI would be paid in full,
regardless of the total contents value at the time of Loss, without applying the under-insurance
clause.
Standard Fire and Special Perils Cover

Standard Fire Home Insurance provides coverage against fire and some special perils.
Key Features
This policy covers buildings (RCC construction).

Covers the following:
Fire
Lightning
Explosion/Implosion
Aircraft Damage
Riot, Strike and Malicious damage
Impact damage by any Rail/Road, vehicle or animal by direct contact(excluding damage

by own vehicle)
Subsidence and landslide including rockslide
Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
Missile Testing operations
Leakage from Automatic Sprinkler Installations
Bush Fire
Flood, Storm, Inundation etc.
Earthquake
Fixation of sum insured: Building - Cost of reconstruction excluding land value. Building value
should be equal to present day cost of reconstruction, while contents should be insured for their
market value.
Personal Extended Protection Policy (PEPP)

As lifestyles change with time and age, individual needs evolve too. Just look at your lifestyle
and youll notice how your needs have changed too. Shopping, new purchases, credit and debit
cards, new cars, foreign travel and short holidays are an integral part of every successful
lifestyle. Products and services that were non-existent a decade ago have now become our
lifelines. At Tata AIG General Insurance Company Limited, we realize this need for protection
solutions that help you secure and let you enjoy your changing lifestyle needs.
Presenting PEPP, a range of 10 innovative, new-age insurance solutions that are designed for
todays lifestyle, to help you live worry free at all stages of your life. From credit card fraud
protection to cover for your stolen wallet and much more, these products take care of your daily
worries.
Personal Identity Protection
The category of PEPP offers unique card insurance solutions that cover any loss or liability that
may arise due to misuse of your identity or payment cards. Click on the link below to get more
details on individual products
Personal Travelling Protection

The category of PEPP offers unique insurance solutions that cover any loss or liability that may
arise during the personal travel undertaken by you. Click on the link below to get more details
on individual products:
Identity Theft Cover
With this insurance cover, you get coverage towards:
Expenses resulting from your efforts to resolve the identity theft
Expenses that get covered are reasonable legal expenses, lost wages, Obligation to pay
and miscellaneous expenses like cost of refilling of application for credit accounts or banking
accounts, cost of notarizing documents and cost of maximum 4 credit reports from an entity
approved by us.
Fraudulent Charges Cover
With this insurance cover, you get coverage towards
Unauthorised charges made on your Debit / Credit Card
Card protection up to 12 hours prior to loss reporting
ATM Assault & Robbery Cover
With this card insurance cover, you get coverage towards
Money withdrawn from ATM that you may lose due to a robbery, shortly* after the ATM
withdrawal
Emergency first aid expenses, if you are injured during the robbery
* within 15 minutes
Lost Wallet Cover
With this insurance cover, you get coverage towards
Cost of replacing a lost or stolen wallet

Cost of replacing personal papers and payment cards in the lost or stolen wallet
Exclusions

Exclusions:
General Exclusions: Illegal Acts
Intentional Acts
War, invasion, act of foreign enemy, civil war, rebellion, terrorism, riot, civil commotion
etc.
Order of any Govt. or public authority
Nuclear Perils.
Specific Exclusions:
Monetary losses unrelated to resolution of identity theft
Physical injury, sickness, disease, disability, shock, mental anguish, paid workdays by
employer
Fraudulent Charges Cover

Exclusions:
Intentional Acts
etc.
Nuclear Perils.
Charges more than 12 hours prior to first reporting the loss of the card
Charges post reporting the loss of the card

Cash advances made by card
Charges incurred by a person whom the card was entrusted to
ATM Assault & Robbery Cover

What is not covered under Personal Identity Protection?
Intentional Acts
etc.
Nuclear Perils.
Monetary losses unrelated to resolution of identity theft
Physical injury, sickness, disease, disability, shock, mental anguish, paid workdays by
employer
Lost Wallet Cover

Exclusions:
Intentional Acts
etc.
Nuclear Perils.
Money, cheques, transportation tickets
Loss or damage caused by an event other than theft or misplacement
Accidental damage to wallet and items inside

Fraudulent charges on the lost or stolen payment cards
Any identity theft related costs caused by lost or stolen personal papers
Home Protection While Youre Away Cover
Home Protction
Loss of your household goods due to burglary at your residence while you are away on a
personal trip
Personal Trip Effects Cover
Loss, theft or accidental damage to the personal belongings, papers and money you
carry on a personal trip
Personal Trip Liability Cover
Your legal liability regarding accidental bodily injury and property damage to third parties
during a personal trip
Exclusions
Home Protection While Youre Away Cover

Exclusions:
Intentional Acts
etc.

Nuclear Perils.
Losses to personal effects carried during a personal trip
Losses to any item not covered under What We Cover
Losses due to nuclear, biological or chemical events
Personal Trip Effects Cover

Exclusions:
Intentional Acts
etc.
Nuclear Perils.
Commercial and administrative documents, tickets
Prams, wheelchairs,Pedal cycles, motor vehicles etc
Spectacles, sunglasses, antiques, tape recorders, players, compact discs, computers

etc
Money, cheques left in check-in baggage
Normal wear and tear, decay, manufacturing defects
Firearms, jewellery, precious stones
Mechanical, electrical & software failure
Personal Trip Liability Cover

Exclusions:
Intentional Acts
etc.
Nuclear Perils.
Third party liabilities
Other than monetary losses from the account
Emergency first aid to other than insured
Personal Credit Card Protection

The category of PEPP offers unique insurance solutions that cover any loss or liability that may
arise around products purchased by you. Click on the link below to get more details on
individual products:
Price Protection Cover
We will reimburse you for the difference between the price you paid for an item and a
lower printed advertised price for the same item.
Purchase Protection Cover
Loss due to burglary, theft or accidental damage, on items purchased using Credit / Debit
Cards or otherwise, within 90 days of purchase
Key Replacement Cover
Cost of replacing lost or stolen vehicle keys
Cost of replacing lost or stolen house keys

Cost of hiring a rental car
Exclusions
Price Protection Cover

General Exclusions:
Illegal Acts
Intentional Acts
etc
Nuclear Perils
Cash, travellers cheques, tickets etc
Art, antiques, firearms, collectible items
Fur, jewellery, gems, precious stones
Perishable items like gold, beverages, tobacco and fuel
Living plants and animals
Motor vehicles
Customised / Personalised one-of-a-kind items
Purchase Protection Cover

General Exclusions:
Illegal Acts
Intentional Acts
etc
Nuclear Perils
Fur, jewellery, gems, precious stones etc
Travellers cheques, cash, tickets
Art, antiques, firearms & collectible items
Shipping or handling expenses
Items lost or stolen from a vehicle
Items acquired during a personal trip
Normal wear and tear, inherent product defects
Key Replacement Cover

General Exclusions:
Illegal Acts
Intentional Acts
etc.
Nuclear Perils.
Cost associated with lost / stolen keys for a residence other than primary residence
Cost to replace keys to vehicles that are not owned for personal use

IDBI Federal Life Insurance and TATA AIG General Insurance

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IDBI Federal Life Insurance and TATA AIG General Insurance

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RISK MANAGEMENT AND INSURANCE

PROJECT ON ANALYSIS LIFE INSURANCE COMPANIES

Key Highlights of IDBI Federal Life Insurance

Claim Settlement Ratio

Claim-settlement ratio of 84.79% for year 2015-2016

100% Grievances Settled for year 2015-2016

Check if youre eligible

To be eligible for IDBI Federal Life Insurance

You should be at least 18 years old

You should be less than 55 years old

Check if youre eligible

IDBI Federal Life Insurance at a Glance

Specific exclusions: Suicide within the first 12 months

Documentation needed to apply for an IDBI Federal Life Insurance

IDBI Federal Life Insurance Child Plans:

Plan Basic sum Assured P

IDBI Federal Life Insurance Endowment Plans:

Plan Basic sum Assured Policy Term

IDBI Federal Life Insurance Group Plans:

Plan Sum Assured Policy Term

Varies for different kinds of Sum Assured provided under

Termsurance Group Min Rs 5,000; Max no limit 1 year renew

Group Microsurance Min Rs 5,000; Max Rs 50,000 -

Termsurance Sampoorn Suraksha Min Rs 5,000; Max Rs 50,000 5 years & 10

Loansurance Min Rs 10,000; Max No limit Min. & max

iSurance Flexi Term Insurance Plan

iSurance Online Term Insurance Plan

Plan Sum Assured Policy Term

iSurance Flexi Term Min Rs 50,00,000 Max Rs 30,00,00,000 Min 10 year

iSurance Online Term - Min 10 year

How to Claim Insurance With IDBI Life Insurance:

Step 1 - Register The Death Claim

Step 2 Processing The Claim

Step 3 - Claim Payout

IDBI Life Insurance Claim Settlement Ratio:

Year Claim Ratio

2014 2015 75.80%

2013 2014 90.34%

Documents Required for Buying IDBI Life Insurance:

How Do I Check IDBI Federal Life Insurance Policy Status:

IDBI Life Insurance Online Payment:

IDBI Life Insurance Premium Calculator:

IDBI Life Insurance FAQs:

IDBI Federal Group Micrinsurance plan

3. What are the modes of premium payments available?

4. Is there a way to track the NAV?

Select choice to view NAV or Graph

5. How do I know the status of my application?

6. What happens if I miss the premium payment?

7. What is the process to make the claim?

10. How can you contact IDBI Federal Life?

11. What is implied by a Death Claim?

13. Who may receive the claim benefit?

Assignee (if the policy was assigned).

14. Will TDS be applicable on partial withdrawals?

Claims ratio of IDBI Federal Life Insurance Company

IDBIs iSurance Online Term Plan Review

Compare Term Plans

DISCOUNT IN PREMIUM PER

Special discounts for women applicants

Policy provided after medical examination

Eligibility & Other Restrictions under IDBIs iSurance

Minimum: 18 years (as of last birthday)