Policybazaar.com ties-up with Tata AIG Insurance Ltd to sell insurance online

Company Brief

Chennai, August 06, 2009

Policybazaar.com, India's one of the leading online non-life and life insurance aggregator ties-up with TATA AIG Insurance Ltd, the country’s largest insurer to sell its products on the internet. For the first time ever TATA AIG Insurance Ltd ties-up with an insurance portal which will enable the consumers to get detailed information on products.

TATA AIG Insurance Ltd launches ‘No Claim Bonus Protection Rider’, One of the eight brand new riders brought out by TATA AIG INSURANCE which promises to make obtaining Motor Insurance a more lucrative experience than ever before. NCB Protection Rider offers the same No-Claim Bonus at the time of renewal. This product is readily available in western markets and the addition of this along with seven other riders in motor insurance brings a new era of choice to the customer. The eight add-on covers offer the benefits like depreciation reimbursement, daily allowance, return to invoice, no claim bonus protection, key replacement, repair of glass, fiber, plastic and rubber parts, loss of personal belongings and emergency transport and hotel expenses.

Commenting on the venture, Mr. Yashish Dahiya, CEO, Policybazar.com says, “We are extremely pleased with both – being the first online provider of these latest breakthroughs in the insurance sector and also to partner with a trusted name like TATA AIG Insurance. With Indian customers’ expectations matching those of the western world, these innovations would prove to be vital catalysts for securing their needs.”

Speaking on the initiative, Mr. Kalyan Gupta, Head Broking , Tata AIG General Insurance Company remarked, "The NCB Protection add on cover along with the Fraudulent Charges cover is the outcome of our consistent efforts to offer unique and value added insurance covers for customers. We are proud to be associated with PolicyBazar.com, whom we see as an important platform to offer our products to all customers."

Another outstanding addition to the wide array of choices produced by TATA AIG INSURANCE is the Fraudulent Charges Policy. While most Credit/Debit Card companies protect their users against card misuse after they report their loss, these companies don’t provide protection for the purchases made on it before the users notice it is missing. That’s where the Fraudulent Charges Policy stands out. The salient features of this policy include: coverage up to 12 hours before loss reporting, coverage of up to 1 lakh and claim settlements in just 7 days.

For further information, please contact:

Sampark PR

Murugan.G

Mobile: 98412 78904

Email: murugan.g@sampark.com