General Insurance provides a comprehensive ecosystem of Asset (Property, Plant, and Equipment) Insurance products designed to protect physical wealth against natural disasters, theft, breakdowns, and business interruptions. These products are fundamentally split between retail individuals (residential/personal assets) and corporate entities (commercial/industrial assets).
The major asset insurance offerings from Tata AIG are structured into the following distinct categories:
Designed for individual homeowners, tenants, and families looking to protect their private property, structures, and valuable individual assets:
Tata AIG Home Secure Supreme Pack: A premium, comprehensive multi-tier retail plan covering the building structure itself against natural catastrophes (earthquakes, floods, cyclones) and man-made issues (fires, vehicle impact).
Home Contents & Valuable Protection: Specifically covers inside-the-home assets such as consumer electronics, modular kitchen fitments, and high-value domestic appliances against damage and burglary.
All-Risk Jewellery and Portable Equipment Cover: An expansive global asset cover providing protection for expensive personal jewellery, luxury watches, and laptops even when carried outside the insured premises.
Standardized frameworks to protect buildings, machinery, and factory layouts from specific environmental and physical perils:
Standard Fire and Special Perils Policy: The cornerstone corporate product shielding massive enterprise assets, including factory structures, plants, and raw material stocks, from fire, explosions, lightning, and riots.
Industrial All Risk (IAR) Insurance: A comprehensive package for large manufacturing units that explicitly wraps property damage, accidental breakage, and financial consequences into a single contract.
Fire Consequential Loss (Business Interruption) Cover: Protects the intangible financial health of an asset by covering lost profits, fixed standing costs, and continuous operational overheads during the period a building or machinery remains out of service due to an insured accident.
Niche, packaged asset frameworks structured directly around the operational financial limitations of small and medium enterprises (SMEs):
Bharat Sookshma Udyam Suraksha: A regulatory mandated asset framework designed for micro-enterprises with total insurable assets up to ₹5 Crores at a single location.
Bharat Laghu Udyam Suraksha: Tailored for standard mid-market small businesses, protecting structures, tools, and inventory across dynamic operational fields.
Office & Shop Guard Packages: Specialized multi-cover packages combining building structure security, neon signage protection, plate glass damage, and counter-cash theft safeguards into a single premium bill.
High-level protection targeting specialized corporate infrastructure assets prone to unique systemic errors:
Machinery Breakdown (MBD) Insurance: Focuses entirely on operational heavy machinery, compensating owners for internal mechanical or electrical failures, short circuits, or physical structural tears.
Electronic Equipment Insurance (EEI): Dedicated asset protection for high-value tech infrastructure, covering server stacks, data centers, medical diagnostics, and advanced telecommunication grids.
Contractor’s Plant & Machinery (CPM): Covers mobile, high-value field machinery used at industrial construction sites, such as excavators, cranes, and drills.
Marine Cargo Insurance: Safeguards physical commercial assets and trading stock from loss, damage, or piracy while being moved internationally or domestically via sea, air, rail, or road.
Ensure business continuity and protect physical assets from unforeseen liabilities, natural calamities, and vandalism.
