Tata AIG Third Party Car Insurance

TATA AIG is one of the most preferred brands for third party car insurance coverage in India. With a claim settlement ratio (CSR) of 98% TATA AIG has insured more than 5 crore customers in India. [1] TATA AIG’s third party car insurance is a type of car insurance that will safeguard you against any legal or financial liabilities arising on the road that involves an accident with a third party person or their property.

How TATA AIG Third Party Insurance Works?

If you are a car owner, having a third party car insurance is mandatory in India as per the Insurance Regulatory and Development Authority of India (IRDAI). A third party car insurance from TATA AIG protects you from any unwanted stress arising due to an accident on the road involving a third party person or property. This means that your insurer, in this case TATA AIG will cover the cost of medical treatment in case the third party person is injured, provide a compensation to the family of the third party in case of their demise due to the accident and cover the cost of damage done to their vehicle or property in case your car accidently hits their property.

Key Features of Purchasing TATA AIG Third Party Car Insurance

The key features of TATA AIG Car Insurance are:

• Performance Driven Claims: With over 650 claim experts across India, TATA AIG ensures smooth claim settlement for their policyholders.

• Customer Focused: With the trust of TATA, and an offering of over 10,000 cashless garages, the company has enjoyed a great position in the eyes of the customers. So far, TATA AIG has insured more than 5 crore policy holders.
• Top Name in Car Insurance: TATA AIG is one of the leading insurers in the motor segment with 49.3% GDPI in FY2024. [3]

How to Buy TATA AIG Third Party Car Insurance?

Online Mode

To buy TATA AIG insurance online, either through InsuranceDekho website or through insurer website.

How to Buy from InsuranceDekho?

Step 1: Visit InsuranceDekho’s Website

Visit www.insurancedekho.com or the car insurance homepage. You will now have to fill in the details in the form you see as soon as you land on the page.

Step 2: Enter Vehicle Details TS01XXXX02 & Compare Plans

You will now see a form on the landing page. Fill in the vehicle details to then move forward with plan comparison. Now compare the plans and choose the one that best fits your needs.

Optional Step: You can connect with an InsuranceDekho advisor to understand the details of the plan of your choice to make an informed decision.

Step 3: Make Payment

Once the selection of the plan is made, make payment for the plan. You can make the payment using UPI, debit or credit card or through net banking. You will now be able to download the car insurance policy.

Purchase via Insurer Website

To buy your car insurance from TATA AIG’s website, follow similar steps on https://www.tataaig.com/buy-online/motor-insurance...

Offline Process

Connect with an InsuranceDekho advisor on call on +91-7551196989 or on email support@insurancedekho.com and we will help you buy your TATA AIG third party liability car insurance policy offline at your convenience.

Documents Required to Buy TATA AIG Third Party Insurance Policy

Here are the list of documents required to buy your third party car insurance from TATA AIG:

1. Vehicle owner’s valid driving licence
2. Car’s registration certificate (RC)
3. A valid mobile phone number for OTP verification
4. Vehicle owner’s KYC details
5. 2 scanned copies of your passport size photographs

TATA AIG Third Party Insurance Claim Process

Here is a step-by-step guide on filing a third-party car insurance claim from TATA AIG:

Step 1 - Register Complaint or File an FIR

The first step is to register an FIR (First Information Report) at the nearest police station. It is important to collect a copy of your FIR charge sheet since it is also a document required by your insurer.

Step 2 - Inform Your Insurer

Notify your insurer immediately as soon as the FIR is filed.

Step 3 - Proceed to the Motor Accident Claims Tribunal (MACT)

In case of road accident, the case is transferred to the Motor Accident Claims Tribunal (MACT) after the FIR is filed. MACT is a specialised court that handles and decides the compensation for a road accident.

Step 4 - Share Your Policy Document

To support your third party car insurance claim please provide a copy of your car insurance policy document to the MACT.

Step 5 - File a Case at the Tribunal

In order to receive the final claim, the third party has to file a case with the MACT. After review by the MACT, the decision on the compensation is made based on the nature and extent of the accident.

Step 6 - Claim Settlement

After careful review by the MACT the final compensation amount will be shared. Note that in case of bodily injury and demise of a third party, the turnaround time for paying off compensation is three years.

Documents Required for 3rd Party Claim

The documents required for making a third party claim under TATA AIG are:

1. KYC details
2. Policy document copy
3. Registered mobile phone number for OTP verification
4. Other documents depending on the insurer

Claim Assistance For 3rd Party Claim

For any assistance with respect to getting your claim filed properly, documents required, or any other query that you may have, please contact us on call +91-7551196989 or email us at support@insurancedekho.com

TATA AIG Third Party Insurance Renewals and Cancellations

Renewal Process

In order to renew your third party car insurance, you should follow the steps mentioned below:

Step 1: Visit InsuranceDekho

Visit InsuranceDekho’s car main page, and click on the “support” tab located in the header

Step 2: Select Renew Policy

Select “Renew Policy” from the dropdown options

Step 3: OTP Verification

Verify OTP through entering your registered mobile phone number

Step 4: Select Your Policy

Once you enter your customer dashboard, select your TATA AIG third party car insurance policy to renew.

Step 5: Make Changes and Updates if Any

In case you want to modify your policy, make those changes and do a final review.

Step 6: Make Payment

Once you have reviewed all the details, make payment for your policy through UPI, net banking, credit or debit card. You can now download the new policy once the renewal process is done.

Cancellations Process

If you’d like to cancel your TATA AIG third party car insurance, you should inform your insurer about the decision in writing. Once informed, the process will take about 15 days within which your policy will be cancelled.

Once the policy gets cancelled, you will receive a letter from your insurer confirming policy cancellation. This letter will also include any pending dues or amount to be paid or received by you. You will also be required to collect your insurance certificate from TATA AIG which will be useful while booking another third party or comprehensive car insurance.

The details of inclusions and exclusions under TATA AIG third party liability car insurance are as follows:

Factors That Affect Your Third-Party Car Insurance Premium

The factors that affect your TATA AIG stand alone third party car insurance are:

• Engine Capacity or cc
• Rest, the premium of the third party car insurance remains constant across insurers as per IRDAI norms.

How To Calculate Third-party Insurance Premiums Online?

The premium of your third party car insurance irrespective of the insurer you choose remains the same as directed by IRDAI and mandated by the Motor Vehicle Act of 1988.

TATA AIG Third Party Car Insurance Premium Rate

Mentioned below are the premium rate for third party car insurance based on cc of the car’s engine:

1 Year Single Premium For Third Party Car Insurance

3 Year Single Premium For Third Party Car Insurance

TATA AIG Third Party Car Insurance Support

You can connect with TATA AIG for any support related to your car insurance here:

1. Whatsapp Number: +91-9136160375
2. 24/7 Toll Free Number: 1800-266-7780
3. Email: customersupport@tataaig.com

Alternatively, you can also reach out to us at InsuranceDekho here:

1. Phone Number: +91-7551196989
2. Email: support@insurancedekho.com

FAQs

What is the cost of third party car insurance?

Ans. The cost of third party car insurance depends on the engine capacity. Here are the details for 1 year single premium third party car insurance policy: Up to 1000 cc - INR 2094 | Between 1000 to 1500 cc - INR 3416 | Above 1500 cc - INR 7897

Is third party insurance good for car?

Ans. While having a third party liability car insurance is fine since it meets the legal requirements in India, having comprehensive car insurance is recommended.

Can I buy only 3rd party insurance?

Ans. Yes, you can only buy third party car insurance as it is mandatory as per the Motor Vehicle Act of 1988. Do note that it is advisable to have a comprehensive car insurance policy as it gives you complete coverage for your car as well as for any 3rd party liabilities.

What is the disadvantage of 3rd party insurance?

Ans. The major disadvantage of having a third party car insurance only is the limited coverage it offers. It is advisable to buy a comprehensive car insurance policy to get complete coverage for own as well as third party liabilities.

What is the limit of third party car insurance?

Ans. The limit for third party car insurance related to damage or repair is INR 7.5 lakh. However, there is no specific limit in case of third party person injury or demise. Compensation on third party injury is given as per actuals on bill and for demise is given basis their income, and age.

References

1. https://www.tataaig.com/buy-online/motor-insurance/car-insurance
2. https://www.tataaig.com/motor-insurance/car-insurance/third-party-car-insurance
3. https://www.insurancedekho.com/car-insurance/companies/tata-aig
4. https://www.tataaig.com/contact-us