TATA Medicare Plus Super Top-up Plan

Let’s understand the key features of the TATA Medicare Plus Super Top-Up plan in detail!

Global Cover:

The plan provides the policyholder with the option of choosing the global cover. This coverage covers medical expenses associated with daycare hospitalization and in-patient treatment of the insured outside India, provided that the diagnosis is done in India.

Lifelong Renewal:

If the policyholder pays a premium without any break, the plan offers a lifelong renewability option. The premium amount will be based on the sum insured, age of the insured person, deductible options, and type of plan. 

Cumulative Bonus:

For every claim-free year, the plan offers a 50% increase in cumulative bonus, up to a maximum of 100%. If the policyholder makes claim during the policy years, the cumulative bonus will reduce by 50% in the following year. 

Waiting Period:

The policy has a waiting period of 30 days from the date of inception of the policy. In case of any listed illness/treatment, the coverage will be provided after the waiting period of 24 months. Moreover, if there is any pre-existing illness/disease, it will be covered after a waiting period of 36 months.

Free Look Period:

The insured individual has a fifteen-day free look time from the date of receipt of the policy document to study the policy’s terms and conditions and return it if they are not acceptable.

Consumable Benefits:

The plan pays for some consumables that are consumed during hospitalization and are directly related to the insured person’s medical or surgical treatment of illness, disease, or damage.

Second Opinion:

In case the policyholder is diagnosed with the mentioned illness or disease, the plan provides him/her with the option of a second opinion from a medical practitioner or network provider.

No PPC:

If your age is up to 45 years and the sum insured is up to Rs. 50 lakhs, then there is no need for you to undergo any kind of pre-policy check-up.

Tele Medical Examination:

If your age is between 45 to 65 years and the sum insured is above Rs. 50 lakhs, you need to undergo a tele medical examination conducted by TATA AIG. 

Tax Benefits:

A lot of tax incentives are available when you get the TATA Medicare Plus Super Top-Up plan. You can deduct up to INR 75,000 in health insurance premiums from your tax return under Section 80D of the Income Tax Act of 1961. If you are a senior citizen paying health insurance premiums or a person under 60 years old paying health insurance premiums for a senior citizen, such as one or both of your parents, you can benefit from the higher tax deduction.