The Tata AIG Vs Reliance 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 Reliance Car Insurance Comparison, Key Benefits, and Features to buy the 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.
| Difference |
TATA AIG Car Insurance |
Reliance Car Insurance |
| Benefits |
- Third-party damage covers third party property/vehicle and covers injury caused in an accident.
- Any loss or damage resulting due to an accident or collision with another vehicle, animal, or thing like a building or pillar
- Any loss or damage that has occurred due to bad weather conditions or natural calamities is also covered
- Any loss or damage due to external explosion or fire is also covered.
- Avail a wide network of cashless garages service.
- No Claim Bonus is up to a 50% discount
- Own Damage cover car insurance covers damages from accidents, man-made disasters, and natural disasters
- Up to 13 add-ons to protect your four-wheeler with an all-around car insurance policy, Add Optional add-on covers like passenger covers and customize your policy. Select from a list of smart rider options, available for an additional premium.
- Our network of over 7500 garages ensures cashless services for your car repairs.
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- Avail a wide network of cashless garages service.
- No Claim Bonus is up to a 50% discount
- Add Optional add-ons covers and customize your policy. Select from a list of smart rider options, available for an additional premium.
- Guaranteed 24*7 customer support for any queries related to the policy and intimation of a claim call: 1800-123-4003.
- Decision on claims approval within 7 working days from the receipt of all documents.
- Specific car insurance products are designed to cater to the different needs of policyholders.
- Third-party damage covers third party property/vehicle, and covers injury caused in an accident.
- Any loss or damage resulting due to an accident or collision with another vehicle, animal, or thing like a building or pillar
- Any loss or damage that has occurred due to bad weather conditions or natural calamities is also covered
- Any loss or damage due to external explosion or fire is also covered.
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| Features |
- Quick renewal of your car insurance with an easy 3-step process
- Guaranteed 24*7 customer support for any queries related to the policy and intimation of a claim call: 1800-123-4003.
- Protection from third-party liability
- Compliance with the law
- Cover against theft
- Cover against natural calamities
- Personal accident cover
- Protection against financial losses.
- Save up to 75% on car insurance premiums by buying your policy online.
- In Tata AIG car insurance claim process is easy and quick. Decision on claims approval within 7 working days from the receipt of all documents.
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- Attractive discounts: get up to 70% discount on this policy
- Multiple Add-ons: more than 7 add-ons available to enhance your basic coverage
- Quick Locator: find a cashless garage near you via the Selfie app
- Cashless Garages: 5000+ cashless garages all over India.
- Claim Settlement Ratio: 94%
- Self-Inspection: Easy & hassle-free video claims via Selfie App
- Voluntary Deductible: Cost-effective option to lowest your car premium.
- Faster Claim Service: They have settled 98% of claims in the fiscal year 2019-20.
- OD+TP Coverage: choose a comprehensive policy& get both your own damage and third party.
- Digitally Inclined: Buy, inspect or renew online anywhere-anytime.
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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.
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.
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.
*Know about TATA AIG Car Insurance benefits and coverages in this Article*
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Reliance Car Insurance:
Reliance General Insurance is a renowned general insurance company established on 17th August 2000. It is a part of the Reliance Group and is referred to as one of the most trusted general insurance companies in India. The company aims to become the first choice of customers in domestic as well as global markets. It caters to different needs of customers with its innovative solutions starting from Reliance car insurance to health, travel products, and much more.
Car Insurance plans by Reliance General Insurance Company believe in providing easy, quick, and effective solutions for your car's needs. These plans offer protection against any loss or damage to your car arising out of uncertainties such as natural calamities, accidents, thefts, etc. With its affordable prices and instant renewal service without much documentation, the company is making it accessible for all. The cost of Reliance car insurance varies depending on the type of policy that you choose to buy.
A reliance car insurance plan is an excellent motor insurance plan that keeps your car protected financially at all times. The different types of Reliance car insurance plans are car own damage policy, motor floater insurance, third party liability insurance, commercial car insurance, taxi insurance, and long-term car insurance. The company has a successful claim settlement ratio of 94%.
What is covered in Reliance Car Insurance Policy Online?
- Own Damage: This policy covers any damage or loss to the owner’s car due to any of the following things:
- Accident Fire
- Lightening
- Self-Ignition
- Explosion
- Theft, Riots & Strikes and/or Malicious Acts and Terrorism
- Earthquake, Flood Cyclone
- Inundation Transit by Rail, Road, Air & Elevator
- Third Party or Liability: This policy is mandatory by the Motor Vehicle Act 1988, it is provided by Reliance Private Car Insurance Policy which covers any injuries or property damages to the third party.
- Personal Accident Cover: The Owner-Driver personal accident cover of Sum Insured Rs. 2 lakhs in case of permanent total disability or accidental death is covered with a premium of Rs.100
- Passenger Personal Accident cover: Passenger Personal Accident cover can be availed with 100 Rs/person for a Sum Insured of Rs.2,00,000 for each of the occupants.
- Legal liability for Paid driver: Liability cover with a premium of 50 Rs/annually for the paid-driver
Highlights:
- Safeguard a policyholder’s interests at all cost
- Introduce affordable insurance options accessible to all
- Bringing the best and most innovative insurance products to the market
- Ensure seamless operation with maximum priority given to a customer.
*Know about Reliance Car Insurance benefits and coverages in this Article*
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Comparison of TATA AIG Car Insurance vs Reliance 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 Reliance 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 |
Reliance Car Insurance |
| Claim Settlement Ratio |
75.41% |
76.89% |
| Cashless Network Garages |
5400+ |
6200+ |
| Types of Policies |
- Third Party Car Insurance
- Comprehensive Car Insurance
- Personal Accident Cover.
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- Private Car Insurance Policy
- Comprehensive Car Insurance Policy
- Own Damage Car Insurance Policy
- Third Party Car Insurance Policy.
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| 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.
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- NCB Protection cover
- NCB Retention cover
- Return to invoice value protection
- Engine Protection
- Key & Lock Protection
- Consumables protection
- Daily Allowance benefit.
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| Additional Coverages |
- No Claim Bonus Protection
- Emergency roadside assistance
- Recognized automobile association membership discount
- Anti-theft device installation discount
- Modified/ specially designed vehicle discount.
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- Third party cover is up to 7.5 lakhs
- Voluntary deductible
- AAI benefit
- Ant-theft devices
- No claim bonus is up to 50%.
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| Accessibility |
Online through
PolicyBachat & TATA AIG Website. |
Online through
PolicyBachat & Reliance Website. |
| Solvency Ratio |
2.22 |
1.65 |
| Premium |
Starts at Rs. 2094 |
Up to 70% |
Difference between more coverages of TATA AIG vs Reliance Car Insurance:
| Coverages |
TATA AIG Car Insurance |
ICICI Lombard Car Insurance |
| Theft of the Car |
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| Damages due to natural disasters |
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| Damages due to man-made calamities |
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| Damages due to fire |
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| Damages caused to the car by accident |
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| Third-Party liability cover |
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| Personal Accident Cover |
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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 & Reliance 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 Reliance 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.