TAGIC AIG’s Auto Secure Commercial Vehicle Package Policy

Goods carrying vehicles are an important component in the trade sector in our country. Moving through the length and breadth of India, these vehicles face a lot of wear and tear and are also prone to accidents. Fleet owners know that even a single day off the road means losses running into lakhs. With TATA AIG’s Auto Secure Commercial Vehicle Package Policy, you can ensure that you have the help you need. This policy provides a host of benefits to cover loss and damage to the vehicle in several situations.


 

Key Features and Benefits


The key features covered under this policy are as follows:

  • Loss of or damage to the vehicle insured

    The policy covers the loss and damage caused to the vehicle and, or its accessories from riot or strike, by a malicious act, by natural or man-made disasters.

  • Liability to third parties

    The policy provides you compensation against third-party legal liability. This is available in the event of an accident causing death or bodily injury to any person arising out of the use of the vehicle or damage to the vehicle driven during the usage.

  • Towing disabled vehicles

    This policy provides you coverage for your insured vehicle when used to tow a disabled vehicle and not if used to tow for a reward.

  • Personal accident cover for owner or driver

    Get accident cover to receive compensation for death or bodily injury sustained by the owner or driver of the vehicle as per the scale of bodily injury mentioned in the policy.

  • Optional extensions 

    This policy offers you additional cover on choosing from the optional extensions available like an extension of geographical area, emergency towing assistance, etc.

Policy Details

Here are the details covered under the policy:

Tata AIG-Auto Secure-Commercial Vehicle Package Policy- Goods Carrying Vehicle
Service Provider Name Tata AIG General Insurance Company Limited
Depreciation Charged based on the insured declared value
Transferability Non-transferable
Add-0ns Depreciation Reimbursements, Loss of Income,
Additional transportation charges, EMI protector,
consumable expenses, return to invoice, etc. 

How to Process the Claim

To register your claim, you can follow these few steps:

Register your claim:

Call the toll-free numbers 08698010101/1800-209-0144 /1800-209-5858 and provide the basic details like:

• Contact number

• Engine and chassis number

• Date and time of the accident

• Description and location of the accident

• Vehicle inspection address

• Kilometre reading

Send in Your Vehicle for Repair: 

  • Move your vehicle to the garage from the accident spot (in case of an accident) or have it towed to avoid further damage.

• Should your vehicle not be found within 90 days, ask the police to issue a Non-Traceable Report (an undertaking that they are yet to find your vehicle) and hand over the report to us.

Survey and Claim Settlement

• Submit the copy of documents to your preferred garage or dealer and have them tallied with the originals

• Is the damage not too severe? Only got a cracked windshield or a bumper that has come off loose? In that case, we suggest you let our Motor OTS (On-The-Spot) service take over

• We will repair your vehicle (within X working days) at a network garage of your preference, deliver it to your doorstep and pay the garage directly

• You will only have to pay the excesses (as mentioned in the policy) and the depreciation value as informed by the surveyor

• With Auto Secure Commercial Vehicle Package Policy, you can secure your vehicle and avail of a host of other add-ons such as Roadside Assistance.

How to Purchase the Policy

Follow these simple steps to buy this policy:

  • To apply for the product, click on ‘Apply Now’ and fill in the necessary details in the application form.
  • Make the fee payment online.
  • If required opt for a call back from our representatives or complete the process by clicking ‘Buy now’.

List of Documents to Buy the Plan

The following mandatory documents are required to purchase the plan:

  • Product model details
  • Existing warranty document
  • Age proof such as birth certificate, Voter’s ID, PAN Card, or passport
  • Identity proof such as passport, Aadhaar card, PAN card, or Voter’s ID
  • Income Proof such as Form 16, salary slips, or employment certificate
  • Documents of the purchased product
  • Dealers warranty documents
  • Address proof such as telephone bill, electricity bill, passport, bank statement, or Voter’s ID

Major Policy Exclusions

The major exclusions for the policy are as follows:

  • Depreciation value
  • Electrical and mechanical breakdown
  • Exclusion of liability to the public working
  • Loss of or damage to the vehicle insured

Claim/Assistance Contact Details

BFL Helpline Number: 08698010101

Tata AIG Helpline Number: 1800-266-7780

E-mail –  wecare@bajajfinserv.in

Mailing address:Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014.


*For claim related issues please refer your policy document or certificate of insurance (COI).

Disclaimer

Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, Tata AIG General Insurance Company Limited, Oriental Insurance Company Limited, Max Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited, and Manipal Cigna Health Insurance Company Limited under the IRDAI composite registration number CA0101.
Please note that BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely voluntary after you exercise independent due diligence on the suitability, viability of any insurance product. Any decision to purchase an insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly This product provides insurance coverage under TATA AIG’s Auto Secure - Commercial Vehicle Package Policy - Goods Carrying Vehicle, UIN: IRDAN108RP0050V01201819.
Please refer to the insurer's website for Policy Wordings. For more details on risk factors, terms and conditions, and exclusions please read the product sales brochure carefully before concluding a sale.
Tax benefits applicable if any will be as per the prevailing tax laws. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product.