Tata AIG health insurance policy: Should you go for it?

Tata AIG General Insurance Company Limited provides various insurance products at the present time. Now the health insurance policy has gained much popularity by offering cashless treatment facilities.

A joint venture between Tata Insurance Company Limited and American International Group Inc has come up with Tata AIG Health Insurance. The health insurance gives out multiple health policies for catering to the unique needs of every person. Moreover, the insurance plan has secure approximately 20 awards for being customer-oriented and innovative in nature.

Of course, there are numerous mediclaim policies in India but is it beneficial to invest in Tata AIG health policy? Let us spend some time to explore why this plan may be the best choice for you.

Types of Policies offered by Tata AIG Health Insurance

Following is the list of health policies provided by Tata AIG,

• Tata AIG MediSenior Plan
• TATA AIG Wellsurance Family Insurance
• TATA AIG MediPrime Health Insurance
• Tata AIG Wellsurance Woman Plan
• TATA AIG Wellsurance Executive Insurance
• Tata AIG Group Accident and Sickness Hospital Cash Policy
• TATA AIG Medi Plus Health Insurance
• Tata AIG Critical Illness Policy
• Tata AIG Individual Accident and Sickness Hospital Cash
• Tata AIG MediRaksha Policy

Tata AIG MediSenior Plan

The mediclaim policy is only available for the people over 65 years and it can be availed as a family floater or individual plan. With the renewability period of a lifetime, the policy period is up to 2 years.

Features and Benefits

If you pay Tata AIG Health Insurance premium for 2 years, you can get discounts of up to 7.5%. The in-patient costs like operating theatre charges, ICU fees, nursing charges and medical bills are covered.

TATA AIG Wellsurance Family Insurance

This plan takes care of a family while dealing with financial emergencies at the time of hospitalisation. The family insurance does not have a waiting period for accident-related illness.

Features and Benefits

This is a family floater health insurance plan which has a waiting period of 3 months for illness and critical sickness benefit. Tata AIG Wellsurance Family Insurance; however, does not pay critical ailment benefit more than once. It is not applicable to the foreign hospitals either.

Tata AIG MediPrime Health Insurance

This mediclaim policy offers cashless benefit. However, the extra expenses incurred during the treatment are covered by the insured. If your age is between 18 years old and 65 years old, you can apply for Tata AIG Health Insurance online. Also, if your child is 91 days old or not older than 21 years, you can get the mediclaim plan for your child.

Features and Benefits

The prime feature of this mediclaim insurance is the claim settlement procedure taking place within 4 hours. There may be no need for co-payment but the cashless treatment facility is available over 3000 network hospitals. In addition, the mediclaim policy covers for domiciliary treatment charges, room and ICU expenses, daycare and organ donor expenses.

TATA AIG Wellsurance Executive Insurance

If you are 18 years old or 65 years old, you can apply for this plan as an add-on to the regular Tata AIG Health Insurance. There is a 90-day waiting period for critical illness benefit and one-year policy term. However, no waiting period is applicable for accident-related hospitalisation perks.

Features and Benefits

Tata AIG wellsurance Executive Insurance offers tax-exemption under Section 80D of the Income Tax Act, 1961. The hospitalisation benefit is available for minor and major surgeries and convalescence benefit is provided with a lump sum amount. Additionally, the insured can enjoy discounts on health checkups, weight management centres, spas and gyms.

Tata AIG Wellsurance Woman Plan

This plan is designed for women along with a one-year policy period. Here, the waiting period is only 90 days and the sum assured may increase during the time of policy renewal. Also, the ambulance charge up to Rs. 2,000 is covered under the Tata AIG Health Insurance online.

Features and Benefits

The insured can get diagnosis for any of the critical illnesses and there is also a recovery benefit. With the regular hospital cash benefit, cosmetic reconstruction surgery and education benefits are available.

Tata AIG Group Accident and Sickness Hospital Cash Policy

This mediclaim policy of 2018 is available for diseases, accidents and injuries and there is no need for undergoing a medical examination for the same. Offering 15-day free look period, the renewal period exists for a lifetime. This mediclaim plan has a tax-exemption under Section 20(D) of IT Act, 1961.

Features and Benefits

There may not be pre-policy health checkups under this mediclaim policy but it has daily cash benefit for sickness and accident hospitalisation. With the flexibility of choosing 5 various levels, the benefits involve accidental medical cost reimbursement and indemnity of illness and accident.

TATA AIG Medi Plus Health Insurance

This Tata AIG Health Insurance is a top-up policy for increasing health coverage. Here, the age entry is 91 days to 65 years.

Features and Benefits

The sum assured is Rs.5 lakh and one can avail 10% discount after paying for 2 family members. Additionally, when the waiting period (4 years) is over, the pre-existing diseases are covered. Unlike other plans, the plan is beneficial for dental treatments.

Tata AIG Critical Illness Policy

The individual mediclaim comes with a one-year policy period and the grace period is for 30 days. You can receive the sum assured up to Rs. 2.5 lakh-Rs. 15 lakh in this plan.

Features and Benefits

This Tata AIG Health Insurance may not cover the pre-existing conditions but the lump sum benefit is available for 11 critical diseases. There is a second option benefit and sum assured can be enhanced.

Tata AIG Individual Accident and Sickness Hospital Cash

Requiring no medical examination, this Tata AIG health insurance is available for a family or an individual. The plan provides daily cash benefit from Rs. 500 to Rs. 25,000.

Features and Benefits

The mediclaim insurance policy India provides hospitalisation cash facility till 180 days and it works for accidental medical expense reimbursement along with sickness.

Tata AIG MediRaksha Policy

This Tata AIG health insurance has lifelong renewability and can be availed for policyholders from 91 days to 65 years.

Features and Benefits

The plan comes with three alternatives for a sum assured (Rs. 1 lakh, Rs. 75,000 and Rs. 50,000). Also, there is a 10% discount available after paying for 2 family members. The plan is popular for covering hospitalisation for less than 24 hours and paying out post-hospitalisation charges for 60 days.

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