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Tata AIG Accident Guard


This is a personal accident policy that aims to cover accidental death and disablement caused during the policy period.

Suited for

It can be bought as an individual cover or you may also include your family members under the same policy.

What does it do?

Like any other personal accident policy, this policy pays in case of accidental death or disability. It comes with two options, (1) Accidental Death & Dismemberment, (2) Accidental Death and Dismemberment accompanied by Permanent Total Loss of Use.
A person can select either of the two options on the basis of coverage required. Option 2 offers wider insurance.
Both options of the policy offer a weekly cash benefit in case of an accident, but not in the family cover. Another useful benefit is education allowance for continuation of child's education on death of the parent. Insurance company will also extend financial support to modify house or vehicle of the policyholder in case of disability


It offers an insurance cover up to Rs 1 crore.


There is no taxation benefit.

Our View

A standalone personal accident policy which is a must for anyone carrying  accidental risk. Accidental risk can arise from a road accident or a job that requires performing dangerous tasks. Education allowance and house or vehicle modification allowance are valuable benefits. It also offers a huge cover of up to Rs 1 crore thus useful for those looking for a huge accidental cover. This policy is recommended.

Entry Age (years) 
Minimum18; 6 months for child
Maximum65; 18 years for child (23 years in case of higher education)
Coverage TypeIndividual/ family
Sum Insured (Rs) 
Maximum1 crore
Policy Term (years)1
No Claim BonusSum insured increases by 5% for each claim free year upto 5 years
Pre Policy Medical Check UpNot required
Customer Service 
AddressRegistered Office:TATA AIG Insurance, 9th Floor, Piramal Towers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 01
Mail to[email protected]
Call to1800-266-7780
SMSTAG to 5616181
Additions to the Plan
Scope of Cover
Accidental deathpays accidental benefit equal to sum insured
Accidental Disablementpays an amount equal to as agreed upon in the policy document
Accidental weekly benefit (not available with family option)available in multiples of Rs 1000 depending on the opted sum insured
Additional benefits (applicable only with Family Option)
Education allowance10% of sum insured is paid towards child education in case of accidental death
Repatriation of remainspays an amount upto Rs 5000 for transportation of insured person's remains
Modification allowancepays upto maximum of Rs 1 lakh towards the cost of modifying house or vehicle in case of Permanent Total disability or Dismemberment
Double Dismemberment benefit for childrenchildren who are automatically insured, Dismemberment benefit doubles
Family transportation (if hospital is 150 kms away from residence)reimburses actual expenses incurred by immediate family member to reach insured person upto maximum of Rs 50000
Exclusions and Waiting Period
Pre-existing disabilitynot covered
Annual Premium
Benefits for individual5 lakh Sum Insured (1 unit)
Accidental Death & Dismemberment497
Accident Death & Dismemberment Plus Permanent Total Loss of Use of 661
Benefits for family
Accident Death & Dismemberment792
Accident Death & Dismemberment Plus Permanent Total Loss of Use1056
Premiums are exclusive of service tax and cess. Rs 5 lakh of sum insured equals 1 unit. Multiply the above stated premium with number of units to find premium applicable on higher sum insured. For an instance, a sum insured of Rs 15 lakh (equivalent to 3 units of sum insured) for availing Accidental Death & Dismemberment benefit will require a premium equal to 497*3= Rs 1491. Premiums payable under other plans and for family cover can be calculated in the similar fashion.