Tata AIG General Insurance Company, a private insurer, which is relatively new into the health business has introduced a new concept of Claim Approval Service within 4 hours vis-à-vis the generic norm of 6 hours. The introduction of this characteristic will prevent a medical urgent situation from becoming a monetary load onto the customer and would help them in times of need! Tata AIG is a new entrant in the health business and had introduced their first product about 10 months ago and being...  Read More »

Gaurav D. Garg, CEO and MD of Tata AIG General Insurance Company will join Mercer effective 12 September as Region Leader, Growth Markets. This news was announced by Julio A. Portalatin, Mercer President and CEO.

Gaurav began his career in 1986 at National Insurance Co. Ltd., where he managed diverse portfolios ranging from retail insurance to insuring large engineering projects. He has over 26 years of international experience. From 2004 to 2007, Mr. Garg was based in New York with American...  Read More »

On April 24, 2012, Tata AIG General Insurance Company announced the launch of their health insurance policy called MediPrime. One of the striking features of this policy is that it offers lifetime renewal.

“We are proud to announce the launch of MediPrime; a product that has been designed specifically to meet the current requirements of the consumer and ensure that their needs from a health policy are met. Customer Delight is an important pillar of our Company values and MediPrime, with its’...  Read More »

Tata AIG General Insurance won the E-Commerce Award by Asia Insurance Technology Awards 2011. The glittering award ceremony was held at The Imperial Hotel in Seoul, South Korea, on November 9, 2011 and recognizes excellence and innovation in the use of technology within the insurance industry. 

Winning this award reinforces TATA AIG’s efforts and innovation in the travel insurance space. Tata AIG started its online travel insurance platform last year in the month of March and has since made...  Read More »

ICICI Lombard has bagged the contract to extend its health insurance scheme that will cover over 3.5 lakh households in Goa.

The deal was finalized through a bidding process where six other insurance companies participated. This included companies like National Insurance, Royal Sundaram and Tata AIG. ICICI Lombard out bid these insurers by quoting the lowest premium for implementing this scheme.

The scheme was launched by Chief Minister of Goa, Digambar Kamat under which every household...  Read More »

Zero Depreciation or ‘Zero Dep’ car insurance policies seem to be gaining momentum with increasing awareness amidst car owners in India.

Car owners until recently could not get a complete cover for their cars. Insurance companies would take depreciation of the car into account which would go up to 40% or even higher depending on the age of the car.

In 2009 however, this scenario changed completely. Some general insurance companies selling car insurance introduced add-on covers which would...  Read More »

Tata AIG General Insurance Company Ltd. was recognized for its best practices of faster claims servicing through application of mobile technology. The company received the prestigious Celent Model Insurer Award 2011 in New York.

Celent is a research and consulting firm. They focus on the application of information technology in the global financial services industry. It is a member of the Oliver Wyman Group and is known for recognizing companies across continents that apply technology to...  Read More »

Tata AIG General Insurance Company posted a Profit after Tax of Rs. 11.54 crores in the first half of this financial year as compared to a loss of Rs. 7.23 crores in the same period last year. This is part of the un-audited financial results which the company declared for the H1 2010-2011.

 Net Premiums Earned

The company has seen an increase in the premium collected in Marine and Miscellaneous Insurance (which includes health, motor and travel insurance) while the premiums have dropped...  Read More »