Healthcare costs are on the rise and that is why everyone must purchase health insurance coverage. Incorporating a health insurance policy into your financial planning is highly recommended by experts.
It not only safeguards emergency funds and lifelong savings but also helps to manage potential medical emergencies affecting oneself or loved ones. Finding the best health insurance plans among so many options available in the market can be confusing. However, if you are looking for abundant network hospitals and top-notch health insurance services, then you can consider buying either Tata AIG Health Insurance or Star Health Insurance.
This post will highlight some of the best features and benefits of both plans so that you can know which one to go for!
Comparison Between Tata AIG Health Insurance & Star Health Insurance
| Parameters | Tata AIG Health Insurance | Star Health Insurance |
| Incurred Claim Ratio (Specifically For ‘Health’) | 86.53% (FY 2021-22) | 87.06% (FY 2021-22) |
| Claim Settlement Ratio (General) | 93.55% (FY 2021-22) | 99.06% (FY 2021-22) |
| Network Hospitals | 10,000+ | 14,000+ |
| Number Of Plans | 5+ | 20+ |
| Sum Insured | Up To Rs. 3 Crores | Up To Rs. 2 Crores |
| For detailed ‘Sum Insured’ limits, kindly refer to the policy brochures. | ||
| Add-On/Optional Covers | A Few Major Covers
| A Few Major Covers
|
| AYUSH Benefits | Available | |
| Preventive Health Checkup | Covered | |
| Critical Illness | Covered | |
| Wellness Services | Available | |
| Maternity Cover | Available With Only Tata AIG Medicare Premier Plan | Available With Only Star Women Care Insurance Policy |
| Automatic Restoration Of Sum Insured | Available | |
| Types Of Plans |
|
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| Pre-Policy Medical Checkup | It is generally not required. (If required, the customers will be informed.) | A pre-policy medical checkup is not mandatory. However, along with the signed proposal, it is necessary to provide copies of prior treatment records from all relevant specialists. |
| Top-Up/Super Top-Up Plans | Available | |
Note: The ICR and CSR ratios have been taken from the latest IRDAI report.
About Tata AIG Health Insurance
For a considerable time, the Tata name has been synonymous with reliability, excellence, and outstanding customer service. TATA AIG General Insurance provides a diverse array of health insurance products, including plans tailored for individuals, families, women, critical illnesses, and more. These plans typically cover hospitalization expenses, pre- and post-hospitalization expenses, day-care procedures, and other medical expenses.
The health insurance plans from Tata AIG primarily aim to offer comprehensive coverage to policyholders, ensuring financial protection in case of medical emergencies. With a network encompassing over 10,000 hospitals, the insurer facilitates a swift, convenient, and seamless claim settlement process for its customers through cashless hospital tie-ups.
About Star Health Insurance
Star Health Insurance provides a diverse range of health insurance plans at affordable premiums. These policies encompass hospitalization expenses, medical check-ups, and critical illnesses, and even offer plans specifically designed for certain illnesses.
With more than 14000 cashless network hospitals, the insurer ensures widespread accessibility. The commendable claim settlement ratio of 99.06% for the financial year 2021-22 underscores the positive customer experience offered by Star Health Insurance.
Noteworthy Features Of Tata AIG Health Insurance
Here are the top reasons why one should choose Tata AIG Health Insurance:
Option Of Additional Sum Insured:
A significant advantage of having a health insurance plan from Tata AIG is the ability to accumulate a ‘No-Claim Bonus’ for each year without any claims. This bonus increases the sum insured under the health insurance plan, all while keeping the health insurance premium unchanged.
Seamless Online Services:
Tata AIG offers online services for policy purchase, renewal, and claims processing. Its easy-to-use online platform can enhance the overall customer experience.
Substantial Cumulative Bonus:
In each policy year without a health insurance claim, the policyholders are eligible to receive a cumulative bonus ranging from 10% to 100% on the sum insured, depending on their chosen plan. This bonus results in an augmented sum insured under their health insurance plan, and they won’t incur any additional premiums for this increase.
Raining Discounts:
Purchasing a Tata AIG Health Insurance policy not only provides policyholders with comprehensive health coverage from one of India’s most reliable brands but also offers remarkable discounts. Some of them are listed below:
- On purchase of MediCare or Medicare Protect plan for 2 years: 5% discount on premiums
- On purchase of MediCare or MediCare Protect plan for 3 years: 10% discount on premiums
- For 2 family members in a family floater plan: 20%
- For 3 family members in a family floater plan: 28%
- For more than 3 family members in a family floater plan: 32%
Wellness Services:
Tata AIG Health Insurance may offer wellness services as part of its health insurance plans. They typically include benefits and features aimed at promoting a healthy lifestyle and preventive healthcare. These services may vary depending on the specific health insurance plan and its terms. Some of the important wellness services offered by Tata AIG are as follows:
- General and specific teleconsultation services
- Ambulance booking facility
- Diet and nutrition consultations
- Discounts from network providers on diagnostic tests, medicine, medical devices, health supplements, and other health-related services
- Health condition management
- Redeemable voucher
Noteworthy Features Of Star Health Insurance
Here are some of the key reasons why one should choose health insurance plans from Star Health:
Dedicated COVID-19 Helpline:
Star Health Insurance offers free COVID-19 consultation with its renowned health experts. The customers can call at 7676 905 905 between 8 AM to 10 PM.
E-Pharmacy:
Customers also have the opportunity to order medicines online at an affordable price. Moreover, home delivery and store pickup facilities are available in more than 2000 cities.
Easy Accessibility To Diagnostic Centres:
The policyholders can also get access to 1,635 diagnostic centers of Star Health across India. These centers also offer the facility of conducting health checkups and picking up lab samples at doorstep.
Speciality Health Insurance Plans:
One unique feature of Star Health Insurance is that it offers health insurance plans based on specific diseases, such as diabetes, cancer, cardiac ailments, and critical illness. The plan names are mentioned below:
- Diabetes Safe Insurance Policy
- Star Cancer Care Platinum Insurance Policy
- Star Cardiac Care Insurance Policy-Platinum
- Star Critical Illness Multipay Insurance Policy
High-Quality & Free Telemedicine Facility:
Star Health believes in the inclusivity of health insurance, and it aims to extend access to everyone, not just to its customers. Therefore, the company offers free telemedicine facilities for all, which is facilitated through the dedicated ‘Talk to Star App’ designed specifically for this purpose.
Wellness Services:
Star Health Insurance includes wellness programs and services as part of its offerings to encourage policyholders to adopt a healthy lifestyle and prevent health issues. Common wellness services in health insurance plans from Star Health may include:
- Teleconsultations
- Diet and nutrition consultation
- Discount on premiums
- Weight management program
- Discount from network providers on diagnostic tests, medicine, medical devices, health supplements, and other health-related services
- Nutrition and diet consultation
- Counseling for stress management
Premium Calculation Of Tata AIG Health Insurance & Star Health Insurance
Before deciding on any policy, it is really important to have an estimate of how much the policy will cost. Therefore, this section will illustrate the premium amounts of both policies in terms of different factors.
Tata AIG Health Insurance:
| Age Of Insured (In Years) | Plan Name | Sum Insured | Deductible | Policy Tenure | Estimated Premium |
| Self: 30 | Tata Medicare Plus | Rs. 10 Lakhs | Rs. 5 Lakhs | 1 Year | Rs. 2,120 |
| Self: 30; Spouse: 30 | Tata Medicare Plus | Rs. 20 Lakhs | Rs. 5 Lakhs | 3 Years | Rs. 16,001 |
| Self: 61 | Tata Medicare Plus + Global Cover | Rs. 50 Lakhs | Rs. 5 Lakhs | 1 Year | Rs. 16,203 |
| Self: 30; Spouse: 30; Son: 6; Daughter: 3 | Tata Medicare Plus + Global Cover | Rs. 1 Crore | Rs. 5 Lakhs | 3 Years | Rs. 43,039 |
Star Health Insurance:
| Age Of Insured | Plan Name | Policy Term | Sum Insured | Payment Option | Premium (Including Taxes) |
| 30 Years | Star Comprehensive Insurance | 1 Year | Rs. 5 Lakhs | Full Payment | Rs. 8,278 |
| 37 Years | Star Comprehensive Insurance | 2 Years | Rs. 10 Lakhs | Half-Yearly EMI Option | Rs. 7086 |
| 23 Years | Star Comprehensive Insurance | 3 Years | Rs. 20 Lakhs | Full Payment | Rs. 46,670 |
| 63 Years | Star Comprehensive Insurance | 3 Years | Rs. 15 Lakhs | Quarterly EMI Option | Rs. 12,339 |
Which One Is Better: Tata AIG Health Insurance OR Star Health Insurance?
Both Star Health and Tata AIG offer a wide range of health insurance solutions and have an extensive product portfolio. Both companies are renowned for their comprehensive plans that provide coverage for individuals and their family members.
Tata AIG Health Insurance plans offer distinct features and benefits that set them apart. For instance, take a look at its higher sum insured options, raining discounts, and add-on/optional covers including global cover and wellsurance benefit cover. The ‘Global Cover’ of Tata AIG Health Insurance, which is mostly not present in many health insurance plans, allows the policyholders to get coverage for medical treatment in another country. Similarly, the ‘Wellsurance Benefit Cover’ provides coverage for medically necessary minor and major surgeries. Furthermore, it extends to cover post-operative expenses such as physiotherapy and ambulance expenses.
On the other hand, Star Health Insurance is solely focused on health insurance, which allows them to specialize in understanding the unique needs and challenges of policyholders, resulting in tailored coverage and specialized services. Moreover, other noteworthy features are a wide range of health plans offering comprehensive coverage options, a telemedicine facility, specialty health plans, and a dedicated COVID-19 helpline.
When choosing the ideal plan for yourself, it is essential to consider your specific healthcare objectives, insurance requirements, and risk tolerance. While the above comparison provides certain aspects of both policies, it is important to conduct a thorough examination to make an informed choice.
