TATA-AIG-PERSONAL-ALL-RISK-POLICY

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Tata AIG Personal All Risk Policy

Tata AIG Personal All Risk Policy

A Safe isn’t safe unless secured, presenting Personal All Risk Policy for Bank Locker Contents

  • Key Benefits
  • Main Exclusions
  • Terms and Conditions

With Tata AIG Personal All Risk Policy, you can protect the contents of a bank locker such as jewelry and other valuable items. 

What the policy covers

Tata AIG Personal All Risk Policy policy covers the following events and protects you from the losses caused due to:

Fire

Theft and Burglary

Riot and Strike

  • Breakage, cracking or scratching of crockery, glass, cameras, binoculars, lenses, sculptures, curious, pictures, musical instruments, sports gear and similar articles of brittle or fragile nature, unless specifically declared and accepted by us and expressly stated in the policy schedule
  • Loss or damage caused by mechanical or electrical derangement/breakdown of any article unless caused by accidental external means or specifically declared and accepted by us and expressly stated in the policy schedule
  • Over winding denting or internal damage of watches and clocks
  • (a) Any loss, destruction or damage to any property whatsoever or any loss or expense whatsoever, resulting or arising there from or any consequential loss and any legal liability of whatsoever nature, directly or indirectly caused by or contributed to by or arising from ionizing, radiation or contamination by radioactivity from any source whatsoever. (b) Any loss, destruction, damage or legal liability directly or indirectly caused by or contributed to by or arising from Nuclear Weapons Material
  • Loss or damage to Money, securities, manuscripts, deeds, bonds, bills of exchange, promissory notes, stock or share certificates, stamps, travel tickets, travelers, cheques, business books or documents unless specifically declared and accepted by us and expressly stated in the policy schedule.

 

For more detailed Benefits and exclusions please refer the policy wordings

Prohibition of Rebates


Section 41 of the Insurance Act, 1938 as amended by Insurance Laws (Amendment) Act, 2015.
 
  • No person shall allow or offer to allow either directly or indirectly as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectus or tables of the insurer.
  • Any person making default in complying with the provisions of this section shall be liable for penalty which may extend to ten lakh rupees.

Grievance Redressal Procedure

  • As per Regulation 17 of IRDA of India (Protection of Policyholders Interests) Regulation, 2017.
  • As per SECTION 64 VB OF THE INSURANCE ACT 1938, Commencement of risk cover under the policy is subject to receipt of premium by Tata AIG General Insurance Company Limited.

Privacy Policy

 
Please click here to view the privacy policy.