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Tata Motors Insurance Broking And Advisory Services Ltd. TMIBASL would provide effective and comprehensive Motor Insurance Management services for all customers of the automotive OEMs & Dealerships that. TMIBASL is a sister Company of TATA AIA Life Insurance Company Limited and TATA AIG General Insurance Company Limited. Compare & buy Tata car insurance online at PolicyX. Insurance premium is the amount that the insured agrees to pay the insurer and as long as the premium is paid, on time, the policy is valid.