Car Insurance

After buying your car, permanent registration can take some time. It is important to buy car insurance before registration, as you can still drive the car with a temporary registration number.

If your car is new and does not have a registration number yet, you can still buy car insurance by providing the engine number and chassis number. Once your car is registered, you can update the registration number in the policy records.

To buy your car insurance policy before registration with TATA AIG, at the top of this page, select “Insure your Brand New Car”.

Enter the required details to complete and purchase your car insurance policy.

Yes, discounts are available for cars every year. However, the discount amount may change based on several factors like location and underwriting performance and loss ratios of the vehicle category.

For example, if a private car is registered in Mumbai and the loss ratios for that segment are high, the discount offered may be reduced. If the loss ratios are favourable, the discount may increase. Therefore, the discounts are dynamic and may change every year based on performance.

Yes, the buying process is largely the same for second-hand cars. The main difference is that your car may need to undergo a vehicle inspection before the policy is issued. And since insurance for a second-hand car is considered a new policy, you don’t have to provide your previous policy details.

If you renew your policy within 90 days from the expiry date, a vehicle inspection is usually not necessary. However, if you renew it after the grace period, a surveyor inspection will be required before your policy can be renewed.

Dealer-provided car insurance is not mandatory. At the time of purchase, you can inform the dealer of your intent to buy car insurance from a different insurance provider.

This depends on your car’s age, usage, and driving conditions. For a new car, zero depreciation cover is useful as it reduces out-of-pocket expenses significantly.

Roadside assistance can be helpful if you are a frequent long-distance traveller. If long-term savings are important to you, the No Claim Bonus (NCB) protector add-on helps you retain your NCB even after a claim.

You should assess your car usage, driving conditions, and location to understand your requirements. Also, check the policy coverage, benefits, and available discounts.

Review the add-ons that can enhance protection and the overall premium amount. Also, check the claim process and the insurer’s reputation to ensure a smooth and reliable car insurance experience.

Insured Declared Value (IDV) refers to the current market value of your car after adjusting for depreciation on the car and its parts. It is the maximum amount you will get from a car insurance claim in case of theft or total loss.

It is calculated using the formula:

IDV = (Ex-showroom price - the depreciation value*) + (Cost of accessories - the depreciation value applicable to accessories*).

You can refer to the depreciation table in your policy document to understand how depreciation is applied. If required, you can also contact our customer support team for assistance in choosing the right IDV for your car.

You can declare modifications made to your car at any time during the policy period. Once the modifications are declared, the premium will be revised accordingly.

A vehicle inspection is generally not required if you renew your car insurance policy before it expires or within the grace period (90 days from the expiry date).

If your policy has expired and the grace period has ended, your car will need a surveyor inspection before renewal.

The add-ons included in your previous policy are automatically carried forward during renewal. However, you can choose to keep them, remove those you no longer need, or add new add-ons based on your requirements.

Yes, add-ons are available for second-hand cars. However, their availability depends on the car’s age eligibility criteria. For example, our zero-depreciation add-on is available for second-hand cars up to 10 years old, subject to the policy terms and conditions.

There is no separate process to add your No Claim Bonus during renewal. If you are eligible, it is automatically applied to your policy.

We verify your claim history through the Insurance Information Bureau (IIB). If no claims have been made during the policy period, the applicable NCB is automatically added to your renewed policy.

To avail these discounts, you need to declare them while buying or renewing your car insurance policy. It is more convenient to declare them during the online buying process, or you can do so by contacting customer support.

If you declare it during the policy period, it will be processed as a policy endorsement, and your premium will be revised accordingly.

Customers should ideally contact TATA AIG 60-90 days before their existing policy expires for a smooth renewal and transition.

A higher-end car will have a higher IDV compared to budget models.

IDV drops as your car gets older. For example, depreciation starts at around 5% between 6 months and 1 year and can go up to 50% beyond 10 years.

Cars in metro cities (Zone A) often have higher IDVs due to more demand and a higher risk of traffic congestion.

Optional covers that offer additional benefits beyond what is offered under a standard insurance policy.

If you miss renewing your car insurance policy and it expires, it results in a break-in in your policy coverage.

Refers to a network of garages where you can get your car repaired without paying for the repairs from your pocket. The insurer settles the repair bills directly with the garage.

It is the fixed amount of money you must pay from your pocket for a claim. There are two types - compulsory and voluntary. Higher deductibles lower your premium but increase what you pay at claim time.

As cars age, their market value decreases due to wear and tear caused by regular use. As a result, the depreciated value of car parts is excluded from the claim amount, reducing the claim amount.

Endorsements are modifications done to your policy, such as the addition of your details, deletion or removal of policy terms. This helps you manage your policy as per your changing needs.

In car insurance, this refers to your legal responsibility to compensate a third party for bodily injury or property damage caused by an accident involving your insured car.

This is a discount that you earn on your premium for every time you complete a policy year without any claims. With each claim-free year, you earn a fixed discount on premiums, and it can go up to 50% for 5 consecutive claim-free years.

Offers compensation of up to ₹15 lakh for bodily injury or death sustained by the owner-driver due to an accident. It covers death and permanent total disablement resulting from accidental injuries.

The price you pay regularly to keep your policy active, like a subscription for protection. In exchange for the premium paid, you receive coverage against a wide range of risks.