TATA AIG Own Damage Car Insurance

As far as protecting the four-wheeler after a road accident, Tata AIG standalone OD (own damage) is one of the best car insurance in India. Many car owners purchase their own damage car insurance along with the third-party plan due to their budget constraints. Tata AIG’s own damage car insurance comes with complete coverage of the car as well as different add-ons and prioritises customer satisfaction above all. Tata AIG has a track record of being dedicated in bringing the best car insurance policy to its consumers, and in this case, also, it’s not an exception.

What is Own Damage Car Insurance?

Standalone own damage car insurance (SAOD) or own damage insurance is introduced to provide financial assistance for car damage due to theft, natural calamities, and collisions to the policyholder’s car. This car insurance ensures you don’t have a financial burden after any mishap on the road involving your vehicle and is on the safer side, so it is always recommended to purchase an own damage car insurance to get these benefits.

Key Features of Tata AIG Standalone Own Damage Car Insurance

The standalone own damage car insurance of Tata AIG is well designed with diverse features. Those features enable the vehicle owners to buy this car insurance. These features include:

• Accidental Damage Coverage: If a car is damaged due to collisions with vehicles, human beings or animals, own damage insurance provides compensation after those accidents.
• Natural Calamities: In case natural disasters such as lightning, floods, and storms have damaged the four-wheeler, the policyholder can claim this against their insurance policy.
• Theft Coverage: If there is a theft burglary, or the car is stolen, you get the cost of the loss.
• Transit Damage Cost: While the car is damaged due to the transit in railways, flights or waterways, the own damage car insurance gives you claims for those compensations.
• Claim Settlement: 650 claim support experts and a 98% claim settlement ratio (1) make Tata AIG a must-choice for car owners.
• NCB: The NCB (no claim bonus) is a discount that applies to the car insurance premium for a claim-free year, and the NCB can go up to 50% when you buy a TATA AIG own damage car insurance.
• Financial Compensation: Insurance policyholders get financial assistance after an accident or any other car damage-related issue and are relaxed during crunch times.
• Add-ons: With standalone car insurance, Tata AIG offers several add-ons that cover more things related to the car.
• Track Record: More than 5 crore vehicle owners have purchased car insurance from TATA AIG. They have 6900+ cashless garages across India. The company also issues 1 crore+ policy every year.

How To Buy Tata AIG Standalone Own Damage Car Insurance?

We, InsuranceDekho, ensure that vehicle owners feel the purchase of Tata AIG own damage car insurance is very easy. Let’s look at the process:

Online Method

The online process of buying car insurance from InsuranceDekho includes the following:

• Step 1: Go to the InsuranceDekho website (www.Insurancedekho.com) and log in with your ID and password.
• Step 2: Click the car insurance and choose Tata AIG own damage car insurance.
• Step 3: Enter your four-wheeler's details (registration number, chassis number, engine number, registration year and manufacturer name). Then the quote will be shown in front of you.
• Step 4: You can select the add-ons that you want to purchase along with a standalone own damage plan.
• Step 5: Review all the details carefully and make the payment of the accumulated amount by using a debit/credit card or UPI.
• Step 6: Download the insurance soft copy from the website, or it will send it to your registered email ID.

Offline:

In a conventional method, the vehicle owner can purchase the car insurance by sending an email to support@insurancedekho.com or calling at +917551196989.

Purchase the Car Insurance from Tata AIG:

On the contrary, you can purchase your own damage car insurance from the official website or app of Tata AIG.

Add-Ons Available with Tata AIG Standalone Own Damage Car Insurance

Tata gives the policyholders the option to purchase as much as 19 add-on coverage. Some of those add-ons are:

• Zero Depreciation Cover: Zer depreciation cover or nil depreciation cover enables you to receive the entire sum insured. It eliminates the depreciation cost of the vehicle over the years. You can add it with your own damage car insurance.
• Roadside Assistance Cover: If your car breaks down in the middle of the road where no garage is situated, Tata AIG will send the mechanic for repair and provide the option of refueling or towing.
• Engine Protection Cover: Your car can be affected in waterlogged or flood-prone areas. By purchasing this cover, you can protect your expensive engine from now onwards.
• Consumables Cover: Consumables of a car are engine oil, gearbox oil, nuts and bolts, oil filters or the air conditioner gas. While those consumables are lost or replaced in an accident, it covers those costs.
• Daily Allowance: While your car is in the garage for repair for a longer period (10-15 days), the insurer will provide the expenses of your travel without the four-wheeler.
• Repair of Glass Fibre and Plastic Parts: Without affecting the NCB, the car owner repairs the plastic parts and glass fiber under this add-on.
• Tyre Secure: This add-on is only available in case of a damaged or lost tyre due to an accident. You can replace or repair the tyre with this add-on.
• Key Replacement: When your car is lost or stolen, you will get financial compensation for a new key.
• Loss of Personal Belongings: In an accident, if personal belongings, such as videotapes, audiotapes, clothes, and CDs, are lost, you will get financial assistance. It is not applicable to jewelry, debit/credit cards, watches, or money.
• Emergency Transport and Hotel Expenses: After the car accident, if you have to stay in a hotel overnight or get back to somewhere, this add-on will provide these expenses.
• Return to Invoice: Tata AIG will pay the difference between the on-road price of the new vehicle and the IDV (insured’s declared value).
• No Claim Bonus Protection Cover: In this add-on, your NCB is not affected in spite of the claim. The condition is that there is no claim for the preceding 2 years; only 1 own damage claim is registered in the current period of insurance.
• Misfueling: While the fueling station fills the wrong fuel, you will get compensation of up to INR 2000 and a maximum of once in that particular year.

Documents Required to Buy Tata AIG Standalone Own Damage Car Insurance

All the car owners have to submit a list of documents for buying the Tata AIG standalone own damage car insurance. These documents are:

• A valid driving license
• A government-issued ID card (voter card or Aadhar card)
• Address proof (adhar card, PAN card or passport)
• Vehicle’s RC (registration certificate)

Make sure you have these documents while purchasing your own damage car insurance.

How Does Standalone OD (Own Damage) Car Insurance Work?

Standalone own damage car insurance provides coverage for the vehicle owner’s car. You might have third-party car insurance to adhere to the MVA (Motor Vehicle Act) and cover the damages to the third-party vehicles. If the four-wheeler owner purchases this OD along with a third-party plan, it is beneficial for them. In addition, the several add-ons offer compensations that are not included within the Tata AIG's own damage coverage.

Tata AIG Own Damage Car Insurance Claim Process

While your car is damaged due to an accident, natural calamity or theft, the claim process is significant in all these aspects. Let’s look at the claim process step-by-step:

• In a traditional way, you can call the toll-free number 1800 266 7780 or send an email to general.claims@tataaig.com for the claim intimation.
• Another way to register a claim is to visit Tata AIG’s official website or app and log in with your credentials. Then go to the claim section, validate with the OTP of your mobile number, and enter the details of the accident and damage. A claim reference will be generated instantly, and a claim ID will be subsequently added.
• A claim representative will inspect the vehicle, and you have to provide all essential documents for processing the claim.
• Now that it's time to repair, the insurance policyholder can go to the cashless garages for a hassle-free claim process. Otherwise, visit non-network garages and submit the repair bill to Tata AIG.
• Finally, all the documents will be verified, and Tata AIG can ask for any additional documents only if needed. If all documents are valid, your claim will be approved.

Documents Required for Filing an Own Damage Car Insurance Claim

In registering a standard Tata AIG own damage car insurance, the insurance policyholders must produce some necessary documents, and those documents include:

• A copy of the four-wheeler’s registration certificate (RC)
• A valid driving license for driving the vehicle (four-wheeler)
• A duly signed claim Form
• A copy of insurance documents
• An authenticated FIR (first information report) copy
• The photographs of the accident scene
• Repair bills for the garage (only applicable to reimbursement claims)
• If the car is on loan, the Form 35 and NOC (no objection certificate) are required
• For the second-hand car and transferred ownership four-wheelers, Form 28, Form 29 and Form 30, along with the RTO transfer paper, are needed

Claim Assistance by InsuranceDekho:

InsuranceDekho is equipped with an excellent claim assistance mechanism. If you need any assistance regarding the claim, write it at support@insurancedekho.com or connect with us on our toll-free number, +917551196989. We only assist you regarding the swift claim process and collecting the essential documents; the claim rejection or approval is entirely dependent on whether the claim satisfies the terms and conditions of Tata AIG own damage car insurance policy.

It is important to understand the inclusion and exclusions of own damage car insurance before purchasing it. Look at the below for more details:

Covered

The inclusions that are there in Tata AIG car insurance are:

• Accidents: Collisions with vehicles, human beings, animals or immovable properties that damage your car are covered in OD insurance.
• Natural Disasters: Several natural disasters, such as cyclones, fire outbreaks, floods or tree branches falling, damage the car and these coverages are included within standalone own damage car insurance.
• Human Clamities: Stone pelting, vandalism or riots can severely affect the car physically.
• Theft: Many antisocial elements can steal the four-wheeler, and this loss will give you a heavy financial loss. This coverage, too, is added to the Tata AIG's own damage car insurance.
• Personal accident: A personal accident covered up to a sum insured of INR 15 lakh is covered in this insurance. You will also get the claims for the medical expenses.
• Transport Damage: All the damages during travel on waterways, in flight, and railways are covered under OD car insurance.

Not Covered:

There are some circumstances where the insurance policyholders are not eligible to claim, and these are:

• Drink and Drive: Driving the car is a criminal offense and against the traffic laws, and you will not get the claim if you find yourself intoxicated.
• Without Driving Licence: While the driver of the car is driving without a valid license, the claim will be declined.
• Third-party Liabilities: Third-party vehicles and passengers do not come under OD car insurance.
• Depreciation: If you do not choose any zero dep cover, the standalone own damage insurance does not cover the depreciation of the car over the years.
• Outside Coverage Area: When the car is damaged outside India, which is outside the geographical area, the claim is automatically rejected.
• Electrical & Mechanical Breakdown: This insurance is related to accidental cover, not the damage due to mechanical or electrical error.
• War or nuclear Attack: If the four-wheeler is damaged because of a war attack or nuclear risk, those are exclusions from own damage car insurance.

Factors that Affect Your Own Damage Car Insurance Premium?

The own damage car insurance premium varies as per many factors of a car. The OD car insurance premium is dependent on those factors.

• Car Model: The own damage car insurance premium is higher for a luxurious car because those car parts are expensive. Meanwhile, moderate-level cars’ OD premium is comparatively lower.
• Car Age: Here, the registration date of the car matters a lot; the car’s value has depreciated over the years. The older car’s premium is less than for newer cars.
• IDV: IDV, or insured declared value, is the present value of a car. The car insurance premium goes up or down according to the IDV you choose. If you choose a higher insured declared value, the premium will be high.
• Location: The car registration location is a deciding factor of OD car insurance. The risk level increases from rural to urban areas, so the premium also enhances with the change of location:
• Add-on: Various add-ons, such as zero depreciation coverage, engine cover, tyre cover, etc., increase the OD car insurance premium.
• Cubic Capacity of the Car: Cubic capacity (cc) plays a crucial role in a car’s premium. Cars with a cubic capacity of more than 1500 cc have a higher premium than four-wheelers that have less than 1500 cc.
• Car Safety: The installation of car safety devices, which is allowed by IRDAI (Insurance Regulatory Authority of India), reduces the car insurance premium. If you install it, you have to pay less for Tata AIG own damage car insurance premium.
• Car Fuel Type: The premium for OD car insurance is less for petrol cars than that for CNG or diesel cars. The reason behind this is that the maintenance cost for a CNG or diesel car is higher than for a petrol car.

How is Own-Damage Car Insurance Premium Calculated

As the own damage car premium is not the same for all cars, it is vital to know the car premium before purchasing it. The InsuranceDekho car premium calculator helps you immensely. First of all, you have to know the IDV of the car. The formula for getting IDV is = (vehicle’s showroom price - depreciation cost) + (cost of any car accessories - depreciation cost). Now you can derive the own damage insurance premium by the formula Own Damage premium = IDV X (Premium Rate) + Add-on covers – Discounts and benefits on the policy. You don’t take these headaches; you just put the car details, and you get the quote promptly.