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Tata AIG Secured Income Plan

Objective

This is a basic personal accident insurance policy that aims to provide financial support to the family members and insured member in case of a mishap.  


Suited for

Anyone between 18 and 64 years of age can buy this policy for up to Rs 20 lakh sum insured.


What does it do?

This policy pays accidental death and disability benefit in two parts. An initial amount of 10 per cent of admissible sum insured is followed by the remaining amount in monthly installments for next 60 months. It also pays a daily cash benefit to take care of expenses like transportation of family members, relative accommodation or expenses which are otherwise not covered under the policy.


Pros

It offers daily cash benefit.


Cons

Claim discharge in two parts may not suit the needs of all claimants.


Our View

This is an expensive policy as the premiums charged are higher than the benefits offered. Claim settlement in two parts may not be suit all claimants.

Eligibility
Entry Age (years) 
Minimum18
Maximum64
Maximum Policy Renewal Age (years)65
Coverage TypeIndividual
Sum Insured (Rs) 
Maximum20 lakh
Minimum10 lakh
Policy Term (years)1
Policy TerminationInsurer may cancel the policy by providing a 15 days prior notice. Insured person may also cancel the policy at any time. 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
Acidental death100000015000002000000
Permanent and total loss of use resulting in Quadriplegia or Paraplegia100000015000002000000
Injury resulting in loss of limbspays a pre-specified amount upto sum insured as stated in the policy document depending on the loss or injury.
Daily Cash benefit100015002000
Exclusions and Waiting Period
Pre-existing diseasesnot covered
Waiting perioddaily cash benefit will be paid after 3 days of hospitalisation have elapsed.
Annual Premium
Level 1Level 2Level 3
252937935057
Premium rates are inclusive of service tax and cess