What is Insurance (Life / General)?
Life insurance is a contract between an insurance policyholder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment
General insurance, by definition, is the group of non-life insurance policies that provide insurance cover for motor vehicles, houses, health, and travel. These policies have to be renewed according to the tenure prescribed in their respective policy documents, and these have a particular sum insured which is reimbursed depending on the loss from a particular financial event. Typically, it is defined as any insurance type that does not come under life insurance.
Why Insurance
1.Financially Security
To become financially secure is to cover yourself, your family, and your assets with insurance. You can buy or renew insurance online and receive a payout for financial support, in case there happens to be an unforeseen event.
2.Transfer of Risk
The contract of insurance works on the ‘principle of transfer of financial risk from the insured to the insurer’.
3.Complete Protection for You and Your Family
Family is the most important asset that you have and your family also depends on you for financial support.
4.No More Stress or Tension During Difficult Times
Any unforeseen tragedy can leave you physically, mentally, and financially strained. So, if you have insurance to take care of the outcomes of such tragedies such as illness, injury or permanent disability, or even death- you save yourself and your family from tension and stress. With insurance in place, any financial stress will be taken care of, and you can focus on your recovery.
5.Peace of Mind
Having insurance offers you financial security and also peace of mind. No amount of money can replace your peace of mind.
Disclaimer:
- Please read sales brochure and its associated terms and conditions carefully
before concluding a sale. - Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd does not assume responsibility on tax implications mentioned anywhere in this
document. Please consult your own tax consultant to know the tax benefit
available to you.
Tata AIA Life Insurance Company Limited (IRDAI Regn. No.110 • CIN:
U66010MH2000PLC128403). L&C/Advt/2019/May/298 Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor / Intermediary or.
Visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com.
Visit us at: www.tataaia.com or SMS 'LIFE’ to 58888.
BEWARE OF SPURIOUS /FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.