TATA AIG Mediclaim Insurance
Tata AIG General Insurance Company Limited is an Indian General Insurance company and a joint venture between the Tata Group and American International Group, one of the global leader in General Insurance based out of the USA. Tata Group holds a 51 percent stake in the insurance venture with AIG holding the balance of 49 percent. Tata AIG General Insurance Company Limited celebrated 18 years of service this year (2018) since it commenced operations in India on January 22, 2001. Tata AIG General Insurance Company Limited has an asset base of approximate INR 10,050 crs. (as of 31st March 2019). With more than 200 offices spread across India, the Company has a robust multi-channel distribution network and also has a workforce of over 5,000 employees, including 550+ claim experts and a dedicated Customer Service & Operations & Claims team comprising of 450 team members, operating from various offices across India, consistently delivering superior service experiences powered by the latest innovations in technology.
Under its two main business verticals ie Consumer Lines and Commercial Lines, Tata AIG General Insurance Company Limited offers an extensive range of General Insurance covers that cater to various individual and business insurance needs. The products range from Home insurance, Motor Insurance, Travel Insurance, Health Insurance, Rural-Agriculture Insurance etc for individuals under the Consumer Line vertical, and Property & Business Interruption insurance; D&O, Professional and General Liability Insurance; and special products like Reps & Warranties and Environmental Insurance under the Commercial Lines vertical.
Tata AIG offer their health insurance customers quality treatment at more than 4,000+ leading hospitals across the country. With an incurred claims ratio of 78%, they covered 22.48 lac lives (as per IRDA data for 2018-19) and also had a satisafctory 80.61% Claims settlement ratio(as per NL25 information declared on the company website).