Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • TATA AIG Car Insurance

    Tata Aig Car Insurance
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    Policy Coverage

    Customer Service

    Claim Experience

    Cashless Garages

    Tata Aig General Insurance Company Limited (Tata Aig General) is a joint venture between Tata Group and American International Group, Inc. (AIG). The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent. Tata Aig General Insurance Company, which started its operations in India on January 22, 2001, provides insurance solutions to individuals and corporate.


    Key Benefits of Tata Aig Car Insurance

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    So you’re stranded almost nowhere

    Cashless Claim Networks

    Direct Cashless Claim settlement in network garages across India

    Don’t we love a good discount?

    Discounts

    If you are a member of Automobile Association of India, you can get up to 5% discount on the Own Damage Premium.

    Help is always at hand

    Accidental Cover /Customer Support

    Tata AIG Auto Secure policyholders can enjoy 'Warranty on Accident Repairs' when a customer opts for the 'Green Channel Settlement are changing your insurance company.


    Add-on Covers for Tata Aig Car Insurance

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    Depreciation cover for Tata Aig Car Insurance

    Depreciation Cover

    Zero depreciation protects the No Claim Bonus accrued, in case of losses on account of specified perils, such as damages due to flood, damage only to windshield etc

    Invoice price cover for Tata Aig Car Insurance

    Third Party Cover

    Covers Third party property damage and Third party Bodily injury and No deduction on count of Salvage value

    Personal Accident cover for passengers

    Personal Accident Cover

    A comprehensive coverage includes damage or theft of vehicle personal accident cover.

    *These Features may be included as part of different products and are subject to the insurer's terms & conditions.

    Inclusion & Exclusion in Tata Aig Car Insurance

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    No capers without the required papers!

    Inclusion

    Company will pay for the Courtesy/Hire car for a maximum period of 10 days in case of repair claim and 15 days in case of theft/total loss claim during the period of Insurance.

    Drink OR drive. There’s only one choice

    Exclusion

    Any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area.

    *These Features may be included as part of different products and are subject to the insurer's terms & conditions.

    Tata Aig Car Insurance Policy Highlights Updated on 05 Dec 2016

    Features Specifications
    Third Party Cover Upto 7.5 L
    Cashless Network Garages 2000+
    Incurred Claim Ratio* 75.63%
    Net Earned Premium* 104757
    Covers Provided Basic Cover, Road Side Assistance

    *For Year 2014-2015

    Tata AIG Car Insurance Overview

    Tata AIG General Insurance Co. Ltd. was formed as a result of a joint undertaking between the Indian-based Tata Group and the American-based American International Group (AIG), both respected business ventures in their own fields.

    They bring to the table the synergies of management and knowledge arising from AIG’s global operations and Tata’s domestic market knowledge. Tata is the majority shareholder in Tata AIG General with a 74% stake while AIG holds the remaining 26%.

    Since its inception in 2001, Tata AIG General has developed an admirable range of products, delivering policies with features that focus on meeting customers’ protection needs across various spheres. Their offerings vary from Motor to Home to Lifestyle Insurance.

    Tata Aig Private Car Insurance – Auto Secure

    Tata AIG understands the financial implications an individual faces when dealing with losses pertaining to their vehicles. This led them to design a comprehensive policy called Auto Secure to fulfill insurance needs of car-owners.

    The main features of the plan are:

    1. Own Damage and Third-party liability
    2. Green Channel Settlement with Auto Restore Warranty i.e. accident repair warranty
    3. Complete salvage value

    Tata AIG Car Insurance Add-On Covers

    The value added car insurance from Tata AIG General Insurance, aptly named ‘AutoSecure’ is designed to protect your car against all unforeseen eventualities. This includes damages incurred as part of an accident or permanent loss through theft. Another unique feature of AutoSecure is its add-on covers, specifically designed to take on eventualities that aren’t covered as part of the main policy.

    The following add-ons can be opted to enhance the base cover provided:
    1. Depreciation: The company will pay the depreciation value of replaced parts for the first 2 own-damage claims.
    2. Daily Allowance: A daily amount will be provided to help the insured meet transport expenses for the period the car is under repairs at the authorized garage, subject to a limit of 10 days (damage claims)/15 days (theft/total loss claims).
    3. Courtesy/Hire Car:To make up for the absence of the policyholder’s car in case of damage/theft/total loss, an alternate car will be arranged. The cost of hire will be met by the company. In case of unavailability of a replacement car, travel expenses as specified, will be provided. This allowance will be provided for a maximum of 10 days subject to the time required by the authorized garage for repairs.
    4. Return To Invoice: Here, the amount paid in case of total loss/theft = difference between claim payment received and the car’s actual purchase price as mentioned in the invoice or current market price (whichever is less) + first time registration charges + road tax.
    5. No-Claim Bonus Protection Cover: In order to prevent current claims (other than total loss claims) from nullifying no-claim benefits accrued on the policy, this cover ensures payment of the no-claim bonus as specified in the contract upon renewal. This is provided there is only one instance of own damage claim during the present insurance period and renewal is done within 90 days.
    6. Repair of Glass, Fiber, Plastic and Rubber Parts: Under this, claims for the said repairs (instead of replacement) will not affect the no-claims bonus due upon renewal of the contract. Only one such claim is allowed during one insurance period.
    7. Loss of Personal Belongings: To make good for losses relating to personal belongings in the damaged car. Items being transported for business purposes are not considered.
    8. Emergency Transport and Hotel Expenses:This takes care of transport charges between the location of the accident and the policyholder’s place of residence and expenses for an overnight hotel stay. Payout is per pre-determined amounts upon submission of expense proofs.
    9. Key Replacement: For cases of theft/break-ins/lock-outs, the costs involved in replacing the key or locks will be reimbursed.
    10. Engine Secure: The company will pay for repair/replacement expenses pertaining to engine damage including internal parts, gearbox, transmission and differential assembly due to entry of water or due to oil leaks
    11. Tyre Secure: To help meet expenses relating to replacement/repair of tyres and tubes for damage resulting from an accident.
    12. Consumable Expenses:
      • Covers the cost of consumables requiring replenishing post the accident.
      • Payments are as per the schedule mentioned in the bond.

    These add-ons are available in four convenient packages- Gold, Pearl, Titanium and Platinum.

    1. Gold Protection Add On Package

      Tata AIG car insurance provides attractive add ons to the existing insurance policy. An all inclusive add on package, Gold protection extends additional coverage that isn’t part of the standard policy. The benefits of this package are-

      • Covers loss of personal belongings
      • Key replacement
      • In case of a breakdown or accident, emergency travel & hotel expenses are covered
      • Repairs & replacement for plastic, fiberglass & rubber parts
      • No claim bonus protection

      The Gold package from Tata AIG motor insurance dispenses premium benefits, giving you complete peace of mind.

    2. Tata AIG Private Car Insurance Pearl

      The ‘Pearl’ plan is part of Tata AIG’s Auto Secure, the value added insurance plan that is designed to give the customer an extra measure of protection in addition to the main umbrella accorded by Tata AIG Car Insurance. Pearl, is basically a pre-determined add-on bundle that takes care of pressure points that aren’t necessarily covered in the main policy.

    3. If you decide to subscribe to the Pearl add-on, the following benefits are accorded to you-

      • Cover for the repair of glass, fibre, rubber and plastic parts of the car.
      • No Claim Bonus (NCB) protection.
      • Coverage for loss of personal belongings.
      • Transport and hotel expenses in case of emergency.
      • Replacement of lost keys.
      • Added protection with depreciation reimbursement.

      Note that, the Tata AIG Car Insurance Pearl plan is an individual tier in a multi-tier system, inclusive also of the Gold, Titanium and Platinum plans.

    4. Tata AIG Car Insurance Pearl Plus

      A upgrade on the Tata AIG Auto Secure Pearl add-on plan, the Tata AIG Car Insurance Pearl Plus plan is designed to increment the protection accorded to the customers and decrease the liability faced by them. The Pearl Plus add-on plan takes the following into consideration-

      • Cover for the repair of glass, fibre, rubber and plastic parts of the car.
      • Coverage for consumables that need replacing after an accident- nuts, bolts, brake fluid etc.
      • Road-side assistance in cases of accidents or problems with the vehicle.
      • Coverage for loss of personal belongings.
      • Engine secure to cover the expenses incurred in the repair of a faulty engine.
      • Replacement of lost keys.
      • Added protection with depreciation reimbursement.
      • Emergency transport and hotel expenses when stranded due to vehicle issues.

      Note that, the Tata AIG Car Insurance Pearl Plus plan is an individual tier in a multi-tier system, inclusive also of the Gold, Pearl, Titanium and Platinum plans.

    5. Tata AIG Private Car Insurance Titanium

      A natural progression to the ‘Pearl’ plan, the Tata AIG Car Insurance Titanium plan is a subset of the Tata AIG’s Auto Secure initiative that provides value added insurance options to the customer, and provides him/her with additional benefits that aren’t covered by the main policy.

    6. If you decide to subscribe to the Titanium add-on, the following benefits are accorded to you-

      • Cover for the repair of glass, fibre, rubber and plastic parts of the car.
      • No Claim Bonus (NCB) protection.
      • Coverage for loss of personal belongings.
      • Transport and hotel expenses in case of emergency.
      • Replacement of lost keys.
      • Added protection with depreciation reimbursement.
      • Daily allowance to take care of your travel expenditures if the vehicle is parked in the garage for an extended duration of time.
      • Note that, the Tata AIG Car Insurance Titanium plan is an individual tier in a multi-tier system, inclusive also of the Gold, Pearl and Platinum plans.
    7. Tata AIG Private Car Insurance Platinum

      Amongst the various add-on covers available as part of the Tata AIG Auto Secure initiative, the Tata AIG Car Insurance Platinum plan is the most feature rich and comprehensive as compared to the other available options- Gold, Pearl and Titanium. The various benefits of this plan include-

      • Cover for the repair of glass, fibre, rubber and plastic parts of the car.
      • No Claim Bonus (NCB) protection.
      • Coverage for loss of personal belongings.
      • Transport and hotel expenses in case of emergency.
      • Replacement of lost keys.
      • Added protection with depreciation reimbursement.
      • Daily allowance to take care of your travel expenditures if the vehicle is parked in the garage for an extended duration of time.
      • Return to Invoice- This is the difference between the car insurance payout as received by you in the event of an accident or theft, against the original price paid by you for the car (as listed in the purchase invoice).

    Compulsory Personal Accident Cover With Tata Aig Motor Insurance

    The owner-driver of the car can avail of compensation for injury/death resulting from an accident in accordance to the below scale.

    • 100% in case of Death
    • 100% in case of loss of both limbs or sight in both eyes and one limb and sight in one eye
    • 50% in case of loss of one limb or sight in one eye
    • 100% in case of total Permanent Dismemberment (other than above)

    Similar cover is available for passengers as well upon payment of additional premiums.

    Tata AIG Third Party Car Insurance

    Your car is your prized possession and it is extremely important to insure your vehicle. Tata AIG Third Party Liability Insurance gives insurance coverage as per the Indian Motor Vehicles Act of 1988. Third Party Motor Insurance is designed to protect the car owner from all third party legal liabilities that might arise because of an accident. This includes injury, death and/or property damage incurred by the third party.

    1. What is covered by Tata AIG Third Party Car Insurance?

      Tata AIG Third Party Motor Insurance policy covers the following:

      • Cover against injury or death caused to third party
      • Cover against accidental damage of property of the third party
    2. Things not covered by Tata AIG Third Party Car Insurance?

      Tata AIG Third Party Motor Insurance policy does not cover the following:

      • Accidental damage or loss to any property arising from any consequential loss
      • Accidental damage or liability incurred outside the geographical area
      • Claims arising out of contractual liability
    3. How does the policy work?

      According to the policy, the motor owner or the insured person is known as the first party. Tata AIG is the second party, as it is the insurer. Anyone who claims for accidental property damage or injury and is not associated to the first party in any way is known as the third party. Tata AIG Motor Insurance takes care of all legal liabilities arising from any accidental damage caused by their insured customer and provides him/her with utmost protection.

    Applying Tata AIG Car Insurance Online

    The perks of applying for the Tata AIG Car Insurance online include the following unbeatable advantages-

    1. Fast, Reliable and Easy- Buying car insurance online takes a fraction of the time as compared to purchasing or renewing it from an offline source.
    2. No Lengthy Documentation Process- There are no documents to submit or verifications to affect immediately when applying for Tata AIG Car Insurance online. Most priority documents need only be submitted at the time of claim.
    3. Non-Stop Coverage- As soon as the online purchase or renewal is completed, an e-copy of the policy is forwarded to you. This can be printed out and thus, the wait for the actual physical copy of the policy to arrive to you by mail becomes that much more bearable.
    4. 24x7 Support- Avail Tata AIG’s renowned customer support, applicable 24x7, to answer all your queries and concerns.

    Hence, the online route to policy purchase or renewal is rapidly gaining its staunch fan following. Explore the NEW with Tata AIG Car Insurance Online!

    Tata Aig Car Insurance Exclusions

    There are certain situations under which payments will not be made. They are:

    • Consequential loss
    • Depreciation/wear and tear
    • Breakdowns/failures/breakage - mechanic/electric
    • Tyre/tube damage other than during car damage
    • Driving while intoxicated
    • Occurrences outside the specified geographical limits
    • Occurrences beyond specified usage limits
    • Inadmissible claims
    • Events at the hand of an unauthorized driver
    • Nuclear damage
    • Eventualities of war or related activities
    • There are exclusions specific to each of the add- on covers.

    Sum Insured (IDV) With Tata Aig Car Insurance

    The Insured’s Declared Value will be arrived at based on the manufacturer’s selling price at the start of the policy or at time or renewal.

    The depreciation calculated on the vehicle for Total Loss claims/ Constructive Total Loss will be as follows:
    • Up to 6 months: 5%
    • 6 months - 1 year: 15%
    • 1 - 2 years: 20%
    • 2 - 3 years: 30%
    • 3 - 4 years: 40%
    • 4 - 5 years: 50%
    • Above 5 years and obsolete models: As decided between the insurer and the insured.

    Discounts Given By Tata Aig Motor Insurance

    Own-damage premium discounts are available:

    • If approved anti-theft devices are installed
    • For membership with a recognized automobile association

    Claim Process of Tata AIG Private Car Insurance Plan

    The Tata AIG Car Insurance claim process involves the following steps-

    1. Cashless Claims
      • Report the accident/loss to Tata AIG via the 24 hours helpline at 1800-11-9966.
      • Experts from Tata AIG will survey the damaged vehicle and compile a loss assessment within 48 hours.
      • Tata AIG will confirm the approved amount as per your Tata AIG Car Insurance policy before settling the said amount to the garage directly.
    2. Reimbursement Claims
        Report the accident/loss to Tata AIG via the 24 hours helpline.
      • Experts from Tata AIG will survey the damaged vehicle and compile a loss assessment within 48 hours.
      • Next, the customer must submit all the requisite documents to Tata AIG. The documents include,

    a) The completed claim form

    b) Driving license of the individual driving the vehicle at the time of accident/loss,

    c) Vehicle registration document and

    d) FIR copy where claims are against property damage, bodily injury or theft.

    Finally, Tata AIG processes the claim and reimburses the approved amount to the claimant.

    Other Benefits With Tata AIG Motor Insurance

    In addition to the above features, the following benefits accrue to the policyholder:

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    • Direct settlement at specified garages
    • Claims can be settled within 7 days
    • Guarantee on quality of spares

    FAQs – TATA AIG Car Insurance

    1. What are some of the add-on covers that I can avail if I decide to get the Tata Aig car insurance?
    2. Tata aig car insurance offers the following add-on covers:

      • Road Side Assistance (RSA)
      • Loss of personal belongings
      • Repair of glass
      • Rubber and Plastic parts
      • Key Replacement
      • Emergency Transport and Hotel Expenses
      • Depreciation Reimbursement
      • Engine Secure
      • Consumable Expenses
      • Daily Allowance
      • Return to invoice(Not applicable for used cars)

      Depending on which of the Tata Aig car insurance policy that you have chosen (Gold, Pearl, Pearl Plus, Titanium or Platinum), the above options will be available for you as add-on covers.

    3. What are some of the tata aig car insurance benefits available?
    4. These are just some of the benefits that you can enjoy as a tata aig car insurance holder:

      • No matter where you are, simply call the reliable customer care in the event of your insured car breaking down and it will be picked up free of cost.
      • Get special treatment at garages associated with Tata Aig and avail direct settlement facility.
      • Warranty upto 6 months for accident-repairs
      • Get the best in spares and materials each time your insured car needs it.
      • Claim settlement will be done in less than 7 days
      • 12 unique add on covers that will make you feel safer on the road.
    5. Can I avail cashless service if I get the Tata Aig car insurance?
    6. Yes, you can avail direct settlement facility at the many garages that are associated with Tata Aig.

    7. Will I be able to avail a No Claim Bonus protection with this Tata Aig car insurance?
    8. At the time of renewal, you will be informed about the No claim bonus. You can check the schedule to see the details about how much you can claim for the same. Please read the fine-print before when you apply for this insurance. It will point out details that you must be aware of such as the fact that the renewal of the policy must be done within 90 days of expiry of the policy and the claim cannot be made if the car is in Total LOSS (TL)/Constructive Total Loss (CTL).

    9. Where can I find more information about the Tata Aig car insurance Private Car Package Policy?
    10. Visit the official website, at the bottom of the page you will find a link which gives you all the policy wordings at one go. The document will give you information regarding the terms, conditions and exceptions of the following topics:

      • Loss of or damage to the vehicle insured
      • Liability to third parties
      • Personal accident cover for owner-driver
      • General exceptions
      • Deductible
      • Conditions
      • As well as additional information
    11. Will I be reimbursed for depreciation of my insured car?
    12. The Tata Aig Depreciation Car Insurance Policy makes sure that you are reimbursed for depreciation (if it is shown on your schedule). The insurance will cover the amount of depreciation that is deducted on the value of parts that need to be replaced. You will need to make an own damage claim, lodged under section 1 (own damage) of the policy. The company will pay for the first two claims reported as long as it is made during the period of insurance. The insured car must be repaired at any of the Authorised workshops/ Authorised service stations/ Authorised Garage.

    13. Does the policy cover liabilities due to damages to third party?
    14. Tata Aig Car Insurance makes sure that all liabilities towards third party is covered.

    15. Will I get any special discount if I decide to continue using the policy once it expires?
    16. As long as you do your renewal within 90 days of expiry of the policy, you can avail the No Claim Bonus. You must make sure that you go through all the details of what is covered and what is not at the time of renewal to avoid confusion later on.

    News About TATA AIG Car Insurance

    • Jaguar Land Rover Breaks Half a Million Mark

      For the first time, Jaguar Land Rover owned Tata Motors broke the record for half million cars sold for the fiscal year 2015 - 16. The retail sales of Jaguar Land Rover has increased by 13 per cent and 521,571 cars have been sold. Jaguar Land rover is currently the largest automotive manufacturer in the UK. The brand is also the proud recipient of over 140 awards across categories like technology, design, environmental stability and design.

      If you are planning to get your own luxury car, do not skip the car insurance part. Check amazing car insurance deals and know more about car insurance at BankBazaar.

      6th June 2016

    • Tata AIG to launch Telematics Pilot Program for Car Insurance Solution

      Tata AIG is one of the companies in India that is entering the market of telematic solutions. Telematics is a system by which car insurance companies will be able to determine insurance premium based on the concept of “Pay As You Drive”. Under this system, cars will have a telematics-enabled mobile device installed in the vehicle which will monitor and track vehicle usage, traffic violations and risk behavior of the driver. Using this information, insurance companies can then determine the premium the insured deserves according to their behavior. The safer you are on the road, the lower your premium will be. AIG Inc, the global insurer has already adopted PAYD telematic solutions in America, Europe and other developed markets. AIG has its presence in India with a joint venture with Tata. Tata AIG will be launching a pilot program soon to test the waters in the PAYD car insurance solutions. These solutions will not help only the car insurance industry but will also encourage safer habits and behavior on the road.

      23rd March 2016

    • Hike in Third Party Insurance Premium- Tata AIG isn’t Happy!

      The Insurance Regulatory and Development Authority has increased the premium for third party motor insurance. Insurers are unhappy with this situation, as rising claims and higher losses are what they have to deal with. The third-party insurance hike is claimed to be inadequate by the insurance companies. TaTa AIG echoes the sentiments of the car insurance sector when pointing out that insurers are facing heavy losses and the miniscule rate hike isn’t helping the situation.

      In 2013-2014, the claims on motor insurance were 6.8 percent higher than the previous year. The rates increased by 20-30 percent in case of four wheelers and by 14-20 percent in case of two wheelers. As per IRDA regulations, there is no fixed amount determined as compensation in case of a road injury or death and the entire amount has to be provided by the associated insurance company.

      27th April 2015

    • Base Level Motor Insurance Claim Fixed by IRDA

      Insurance Regulatory and Development Authority (IRDA) has fixed a base level of auto claim of at least Rs 1 lakh for third party-surveyor assessment. This is not a good news for consumers with claims on automobile insurance. Most of the motor insurance claims fall below Rs 1 lakh. On an average, the claim in motor insurance for personal vehicles is Rs 30,000, and for commercial vehicles is Rs 50,000. Until now, as per Section 64 U M, for any claim of Rs 20,000 and above an external surveyor was required. However, with the new rule implemented by IRDA the limit has been increased to a lakh. Mr. KK Mishra, Managing Director and Chief Executive of Tata AIG General Insurance said, “We have made a request to increase this limit to Rs 1 lakh.”

      26th March 2015

    • Tata AIG Backs Center’s Proposed Decision to Limit Claims Liability

      The Indian Central Government is mulling the idea of fixing a limit on the liability that results from road accidents, an especially tricky bit which also includes third party motor insurance. Obviously, this move is highly welcome from the insurers’ point of view, who have, in the past shelled out as much as Rs.50 crore in related individual settlements. Indian motor insurers have witnessed a 40% increment in claims pertaining to third party insurance this year (figures as massive as 120% claims ratio that amounts to loses of Rs.12,000 crore) and could definitely use a respite.

      Tata AIG car insurance, a prominent player in the segment, opines that putting a fixed liability limit will force the vehicle owners to be more serious about their driving habits. Says Mr. Madhukar Sinha, National Head- Personal Lines at Tata AIG, that an additional benefit of these impositions could be the drastic reduction in road accidents. Silver lining, anyone?

      17th February 2015

    • 'Drive Safe' mobile app: from Tata AIG Motor Insurance.

      Jumping onto to the smartphones band wagon, Tata AIG General Insurance Co. Ltd., from its end, has introduced a new mobile application specially designed to monitor the driving pattern of an individual on the road. The app records the speed, location and time of the journey, in addition to the breaking and acceleration actions of the driver. The distance traveled including the driving behavior is also captured. The insurer plans to incorporate these details into its Tata AIG motor insurance policies.

      ‘Drive Safe’ evaluates driving skills based on five parameters namely - Smoothness, Anticipation, Calmness, Pace, and Braking. For every journey completed by the driver, the app shares a score rating the driving pattern on a scale of 1 to 5, with 5 being the highest and 1 being the lowest. The app also generates a detailed report after the completion of 400 kms. Drive Safe uses the GPS feature of the driver’s phone to record the movements and transmits it to a connected server. Then the data available is analyzed and a report is generated to the driver. The mobile app can be easily downloaded onto a smartphone as it is available on the Google PlayStore.

      9th February 2015

    • ‘Holidays Equal 10x Bigger Pay-outs’: Tata AIG Car Insurance

      For a nationally reputed motor insurance company like Tata AIG Car Insurance, holidays, festivals and long weekends signal a time of great activity and copious settlements. Thanks to irresponsible and drunken driving, these ‘relaxed’ times are witness to more and more auto crashes and vehicular damages. These scenarios often allow the insured to claim the full insured value of the vehicle, thereby blowing up the settlement values. Tata AIG has recorded over 10 time bigger claim pay-outs than similar claims in ‘normal’ times. The company considers the amateurish approach of city-dwellers to highway driving as well as irresponsible night-time driving as major contributors to this unsettling trend.

      27th January 2015

    • Tata AIG Reviews On Telematics

      Telematics is a kind of new technology which was installed in cars. Many general insurance companies wanted this technology to be taken off, Tata AIG states the reason for this to be the high cost of the tracking device required to be installed in the insured vehicle.


      Ideally, using GPS to track driving behaviour should lead to lower premiums for those with safe driving habits. However, in India, competition and low penetration compel general insurance companies to offer car insurance policies at costs that are comparatively lower than their international counterparts. These cost-efficient policies are often offered with many discount options enhancing affordability. The cost of the tracking device, however, is much higher than the overall cost of motor insurance for most car owners. This negates the idea of usage-based auto insurance as most car owners don’t see any substantial cost benefits arising from installing these devices.

      To resolve this issue, Tata AIG suggests using tracking technology in mobile phones, which comes at no extra cost, as an alternative.

      22nd December 2014

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