Chandigarh, September 16, 2016: Tata AIG General Insurance Company Limited, has entered into an agreement with Paytm - India’s largest mobile payment and commerce platform, to provide health insurance for cab and auto drivers. This distinct contract will enable cab and auto drivers, who are using Paytm’s digital wallet, to avail cashless health insurance through Tata AIG General Insurance Company Limited.
Tata AIG General Insurance Company Limited has designed cashless insurance scheme, as required by Paytm, to provide drivers, quality medical care as per their need and budget. Further, the affordability barrier is broken by enabling premium payments in instalments. While subscribing to the policy the existing health condition of drivers will also be covered under this scheme. The new health insurance scheme will cover hospitalization expenses of up to INR 50,000. This initiative has already received a good response in Delhi/ NCR, with over 1,800 drivers signing up and the services are expected to extend to other regions of India soon.
Judging from the fact that this segment has limited ability and propensity to get health insurance otherwise, this group health insurance arrangement between Tata AIG General Insurance Company Limited and Paytm comes as a boon to thousands of drivers across the country, who otherwise are not motivated to take medical insurance.
About Tata AIG General Insurance Company:
Tata AIG General Insurance Company Limited is a joint venture between the Tata Group and the American International Group (AIG). Tata AIG General Insurance Company Limited celebrated 16 years of service this year (2016) since it commenced operations on January 22, 2001. The company has made a mark in the industry by launching several innovative products and services over the years.
Tata AIG General Insurance Company Limited has a workforce of about 2680 employees present in 105 branches across India. The company’s products are available through various channels of distribution such as Agency which has a combined strength of 10,771 agents and a very strong Broking channel of 275 brokers. Tata AIG General Insurance Company Limited has an empowered claims team, with a in-house capability of 400 plus experts spread across 64 centers in India. The customer service team comprises of 450 team members, operating from various offices across India.