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Tata AIG Income Guard


This is a personal accident insurance policy that aims to cover a family in its ambit. It is a comprehensive policy that will take care of incidental expenses and losses.

Suited for

This policy can be bought for an individual or for a family to cover spouse and up to three children under one policy.

What does it do?

It pays the agreed sum insured on unfortunate demise of the insured member due to an accident. A family floater covers the spouse for 50 per cent of the basic sum insured and children for a maximum sum of 10 per cent, for each selected benefits offered under this policy. Cover for other related expenses increase the attractiveness of this plan.


It offers 5 per cent increase in the sum insured on renewal.


This policy does not cover temporary disability.

Our View

This is a decent policy that can be bought as an individual or family cover. Expenses like modification of house or vehicle in case of disability, education benefit for children on demise of the insured member are useful benefits.

Entry Age (years) 
Minimum18; 6 months for children
Maximum70; 18 for children(23 in case child is financially dependent, unmarried, Full time student
in accredited Institute)
Coverage TypeIndividual/ Family
Sum Insured (Rs)As stated in the Scope of Cover. Spouse is covered for 50% and upto 3 dependent children are covered for 10% each of selected benefit
Policy Term (years)1
No Claim Bonus5% of original benefit is added to the sum insured for a maximum of 5 years on each policy renewal
Policy TerminationInsurer may cancel the policy at anytime by providing a prior notice of 7 days. Policy can be cancelled by insured person as well. Insurer will refund a proportionate premium as stated in the policy document
Customer ServiceRegistered Office:TATA AIG Insurance, 9th Floor, Piramal Towers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 01
Customer Service 
Mail to[email protected]
Call to1800-266-7780
SMSTAG to 5616181
Network HospitalsHttp://emeditek.co.in/Network_Provider.aspx
Additions to the Plan
Scope of Cover
Plan Options
Level 1Level 2Level 3
Accidental death10 lakh15 lakh20 lakh
Partial disabilitypays a pre specified percentage of sum insured on basis of nature of disablement upto maximum of Rs.20 lakhpays a pre specified percentage of sum insured on basis of nature of disablement upto maximum of 30 lakhpays a pre specified percentage of sum insured on basis of nature of disablement upto maximum of 40 lakh
Total Disability10 lakh15 lakh20 lakh
Special Coverage(only with Family Plan Option)
Special Education Benefit (for full time child in Grade 12 or above in case of death of insured member)covered for maximum upto 10% of principal Sum Insured
Modification of House &/or vehicle in case of disabilitycovered upto maximum of Rs 50000
Repatriation of Remainscovers expenses upto Rs 5000
Family Transportationcovers expenses upto Rs 25000
Additional Benefits
Tuition benefit (in case of accidental death)Rs 150000
Home Alteration & Vehicle Modification Benefitcovers expenses incurred between 1 year after the date of accident upto amount stated in the policy schedule
Repatriation benefitpays upto maximum of Rs 5000
Family Transportation benefitreimburses the actual expenses subject to maximum of Rs 25000
Exclusions and Waiting Period
Pre-existing diseasesnot covered
Annual Premium
Level 1Level 2Level 3
Self only181727263634
Family option290843615815
Premium rates are inclusive of service tax and cess