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AIBL provides both General and Life insurance policies.

General insurance

General insurance is insurance coverage for property and liability risks. With general insurance, payments made by insurance companies are based on the loss incurred, rather than being a fixed sum as in life insurance.

Motor Insurance

Motor Insurance

Covers all motor vehicles including two wheelers and three wheelers. Coverage includes road accidents, theft, natural perils, strikes and riots. Additionally,  terrorism, fire, air bag…

Fire Insurance

Fire Insurance

The standard Fire policy provides protection for property such as building, fixture, fitting and contents, furniture, machinery and stocks etc. The policy provides the indemnity for the destruction or damage to…

Engineering Insurance

Engineering Insurance

Engineering insurance provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation.

Marine Insurance

Marine Insurance

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which the property is transferred, acquired, or held between the points of origin and the final destination.

Miscellaneous Insurance

Miscellaneous Insurance

Any policy, which does not fall under the broad category of Fire, Motor and Marine insurance, is accommodated under the large umbrella of Miscellaneous insurance. Miscellaneous Accident insurance embraces a wide…

Life insurance

Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses,…

Endowment Policy

Endowment Policy

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.

Investment Policy

Investment Policy

An Investment policy provides the life cover and mainly concern on the growth of capital by regular or single premiums.

Decreasing Term Assurance

Decreasing Term Assurance

A DTA is an insurance that covers your bank loan, whether a housing or consumer loan.

Group Life Insurance Policy

Group Life Insurance Policy

Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Typically, the policyowner is an employer or an entity such as a labor organization,…