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 the premium shown on the policy, nor shall any person be taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. • Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakh rupees.
Grievance Redressal Procedure
As per Regulation 17 of IRDA of India (Protection of Policy holders Interests) Regulation, 2017.
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.
Insurance is the subject matter of the solicitation. For more details on risk factors and terms and conditions, please read the sales brochure & Policy Wordings carefully before concluding a sale. The benefits and features of the products and services are purely indicative in nature. The purchase of a Tata AIG insurance product by Axis Bank’s customers is purely on a voluntary basis. For clarifications, customers can call on 1800 201 2009 or write to insurance@axisbank.com. Axis Bank is a Licensed Corporate Agent (CA license no. CA0069 CIN: L65110GJ1993PLC020769) of Tata AIG General Insurance Company Limited (IRDA registration no.108, CIN: U85110MH2000PLC128425). The insurance products are underwritten by Tata AIG General Insurance Company Limited (‘Tata AIG’), having its registered office at Peninsula Business Park, Tower A, 15th Floor, G.K Marg, Lower Parel, Mumbai 400 013. This information is given by Axis Bank Limited (‘Axis Bank’) whose registered office is at ‘TRISHUL’, Third Floor, Opp. Samartheshwar Temple, Nr. Law Garden, Ellisbridge, Ahmedabad 380006.
UIN :- TATHLIP21257V022021
Apply Now
