The Tata AIG Vs ICICI Lombard Car Insurance is a comparison between the two Indian car insurance companies. This article will discuss the key differences between these two companies and which one you should choose for your car insurance needs.
Looking for TATA AIG vs ICICI Lombard Car Insurance Comparison, Key Benefits, and Features to buy best car insurance? PolicyBachat is helping you find the best policy that fits your financial situation.
Comparison of car insurance online leads to cost efficiency due to low operating costs to maintain online. PolicyBachat helps to calculate the pros and cons of the policy and buy the desired policy. PolicyBachat gives you the distinction between the carrier backgrounds, incurred claim ratio, and network garages to configure the right insurance policy.
Get the top carrier quotes to distinguish the best insurance plan in terms of premium, coverage, and holding experience in the insurance sector. At PolicyBachat, a user can buy/renew a car insurance policy in simple easy steps instantly.
TATA AIG Car Insurance:
Tata AIG offers a third-party car insurance policy, a standalone own-damage car insurance policy, and a comprehensive car insurance policy at affordable premium rates in the car insurance segment. These car insurance policies can be purchased online without any hassle via an instant and quick process.
Furthermore, the insurance company offers your accident cover for owner-drivers, which provides compensation in case of a bodily injury while getting on or off the insured car, while riding as a co-driver, or while driving, for example, which leads to death, loss of limbs, or sight, or permanent disablement.
Tata AIG General Insurance allows its policyholders to get a car insurance policy in just 3 easy steps, repair your car at more than 7,500 network garages, and register your claim to track your claim inconvenient way. The insurance company focuses on providing a wide choice of car insurance solutions to its customers and policyholders in a simple and timely manner, both online and offline.
Highlights:
- Warranty on repairs
- Claim settlement in 7 days
- Cashless settlement at network garages
- Unique add-ons
- Pick-up of the car is available free of cost
- Warranty for accident repair is available for up to 6 months
- Availability 12 unique add on covers to provide improved protection.
What is covered in TATA AIG Car Insurance Policy Online?
- Covers theft of the car
- Damages due to natural disasters
- Damages due to man-made calamities and fire
- Damages caused to the car by an accident
- Damages incurred in transit
- Third party liability cover
- Personal accident cover for the owner-driver.
*Know about TATA AIG Car Insurance benefits and coverages in this Article*
Know More
ICICI Lombard Car Insurance:
ICICI Lombard Car Insurance is a private car insurance company in India. It is one of the leading insurance companies with a market share of over 30%. ICICI Lombard Car Insurance offers comprehensive car insurance, roadside assistance, and travel accident cover.
ICICI Lombard Car Insurance is an Indian car insurance company. They offer a wide range of car insurance plans to cater to every need. They have been in the market for over 50 years and have served more than 10 million customers. They offer a range of policies from basic to comprehensive and also provide discounts for all kinds of users.
ICICI Lombard Insurance offers a range of car insurance plans that are suitable for everyone. They offer affordable car insurance coverage and they can be availed by both new and old customers. ICICI Lombard Car Insurance plans come with collision damage waiver, third party liability, uninsured/underinsured motorist coverage, and theft and fire protection, roadside assistance cover.
Highlights:
- Online purchase of EMIs
- Doorstep surveyor facility
- Coverage for towing facility is available for up to Rs.1500
- The surveyor facility is available at the doorstep
- Free Renewal Reminder Service is available for free of cost and policyholders can also track their claim status online
What is covered in ICICI Lombard Car Insurance Policy Online?
- Covers Third party Liability car Insurance
- It offers the highest level of security to your car
- Compensation in case of death or disability
- Covers legal and financial hurdles
- Secures your car against theft
- Protection against vandalism
- Full protection from flying objects
- Full protection against natural calamities.
*Know about ICICI Lombard Car Insurance benefits and coverages in this Article*
Know More
Comparison of TATA AIG Car Insurance vs ICICI Lombard Car Insurance:
When you buy insurance for your car, you would want to get insurance that is high on benefits and low on costs. The comparison of TATA AIG and ICICI Lombard Car Insurance depends on the factors such as Customer Service, Product Portfolio, Pricing, Best Coverage, suitability, and Claim Settlement Ratio.
PolicyBachat help you choose the best car insurance policy by comparing online. You must know what your budget and requirements are, to decide on the right one for your needs.
| Distinguish |
TATA AIG Car Insurance |
ICICI Lombard Car Insurance |
| Claim Settlement Ratio |
75.41% |
65.77% |
| Cashless Network Garages |
5400+ |
9700+ |
| Types of Policies |
- Third Party Car Insurance
- Comprehensive Car Insurance
- Personal Accident Cover.
|
- Private Car Insurance Policy
- Stand-alone Own Damage Car Insurance
- Third Party Car Insurance
|
| Add-ons/Riders |
- Depreciation reimbursement
- Courtesy/hire car
- Daily Allowance
- Return to invoice
- Repair of glass, plastic, fiber, and rubber parts
- NCB Protection cover
- Loss of personal belongings
- Key replacement
- Emergency transport and hotel expenses
- Engine secure
- Consumables expenses
- Tyre secure
- Roadside assistance.
|
- Roadside assistance cover
- Engine protect cover
- Zero depreciation cover
- Garage cash cover
- Consumables protect cover
- Loss of personal belongings cover.
|
| Additional Coverages |
- No Claim Bonus Protection
- Emergency roadside assistance
- Recognized automobile association membership discount
- Anti-theft device installation discount
- Modified/ specially designed vehicle discount.
|
- Quick policy purchase
- 24x7 claim assistance
- Cashless claim settlement at network garages
- Reduce out-of-pocket expenditure in case of stolen/damaged vehicle
- Get immediate assistance from the insurer’s helpline.
|
| Accessibility |
Online through
PolicyBachat & TATA AIG Website.
|
Online through PolicyBachat & ICICI Lombard Website.
|
| Solvency Ratio |
2.22 |
2.90 |
| Premium |
Starts at Rs. 2094 |
Starts at Rs. 2072 |
Difference between more coverages of TATA AIG vs ICICI Lombard Car Insurance:
| Coverages |
TATA AIG Car Insurance |
ICICI Lombard Car Insurance |
| Theft of the Car |
|
|
| Damages due to natural disasters |
|
|
| Damages due to man-made calamities |
|
|
| Damages due to fire |
|
|
| Damages caused to the car by accident |
|
|
| Third-Party liability cover |
|
|
| Personal Accident Cover |
|
|
Conclusion:
This article has shown which a better option is for those who are looking for cheaper rates. It also has provided some information on how to get discounts on your insurance. You'll learn the pros and cons of each plan, as well as the different impacts they can have on your monthly car insurance payment.
Whether it is a TATA AIG & ICICI Lombard Car Insurance because it offers lower premiums and better discounts. To handle the financial consequences caused by unfortunate circumstances, it's best to get insurance. Compare TATA AIG vs ICICI Lombard for a comprehensive overview of coverage per feature to find the right policy for you.
Pick the company which carries the best insurance for your car. You should also know what's required to be covered and make sure you go for the one with similar benefits as well as attractive discounts.