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Individual Health Insurance Plans
TATA AIG Medicare Plan
No matter how health-conscious you are, medical emergencies are something that may arise anytime and anywhere. And this does not only impact your physical or mental health, but it could be traumatic for your family as well. If you don’t want to end up paying your lifetime earnings to your doctor, it’s paramount to have a dedicated TATA AIG Medicare Plan.
With Tata AIG’s MediCare health insurance policy, you won’t have to worry about the high medical costs associated with getting quality treatment. The policy will help look after you not just when you’re hospitalised, but for treatments required before and after a hospital stay as well. With an impressive claim settlement ratio of 94.21%, you may rest assured that your claims shall be settled seamlessly. Also, 7200+ cashless hospitals ensure you can easily treat their illness at any of the hospitals mentioned in the panel across the country.
If you happen to test positive for COVID-19, the policy has got you covered. The policy is further categorized into three types: TATA AIG MediCare, TATA AIG Medicare Premier, and TATA AIG Medicare Protect.
|Parameters||Medicare||Medicare Protect||Medicare Premier|
|Age||Minimum- 91 Days|
|Policy tenure||1/2/3 Years|
Up to 7 Members
(Self, Spouse, up to 3 dependent children and up to 2 dependent parents)
Types Of TATA AIG Medicare Plans
Each individual is unique and so are their medical needs. TATA AIG Medicare Plan offers three different health insurance policy variants:
- Tata AIG MediCare
If you are looking for a cost-effective policy that may easily cater to your medical emergencies, then you should look no further than TATA AIG MediCare! One of the major highlights of the policy is that it offers benefits such as global cover and cover for bariatric surgery and any other medical emergencies that come your way. Depending on your needs, you can select your sum insured. The company offers amounts as low as INR 3 lakhs and as high as INR 20 lakhs as per your sum insured.
- Tata AIG Medicare Premier
TATA AIG Medicare Premier is the ideal choice for you if you need comprehensive protection. The major highlight of the plan is that this health insurance policy covers high-end diagnostics, OPD dental care, emergency air ambulance, and more. With the policy, you can receive a sum insured amount as low as INR 5 lakhs and as high as INR 50 lakhs.
- Tata AIG Medicare Protect
If you are worried about hefty medical bills, then you can opt for TATA AIG MediCare Protect. One of the biggest benefits of the health insurance policy by TATA is that it covers pre-and post-hospitalization expenses, allowing you to focus on getting better instead of stressing about hospital bills.
Key Details of TATA AIG Medicare Plan
|Eligibility Criteria||Medicare||Medicare Protect||Medicare Premier|
|Global Cover||Available||Not Available||Available|
|Bariatric Surgery||Available||Not Available||Available|
|Emergency Air Ambulance||Not Available||Not Available||Available|
|Day Care Procedures||540+ Day Care Treatments Covered|
|High-End Diagnostics||Not Available||Rs. 25,000 per policy year covered|
|Accidental Death Benefit||Not Available||Available|
|Maternity Cover||Not Available||The cost of maternity expenses up to INR 50,000 per policy year. If you welcome a baby girl, we’ll cover the costs up to INR 60,000.|
|First-year Vaccinations||Not Available||The cost of first-year vaccines up to INR 10,000 for a son and up to INR 15,000 for a daughter|
|Vaccination Cover||Available||Not Available||Available|
|Compassionate Travel||Rs. 20,000|
|OPD Dental Treatment||Not Available||Not Available||Maximum of INR 10,000 per year|
|Pre-Hospitalization Medical Expenses||Available|
|Post-Hospitalization Medical Expenses||Available|
|Daily Cash for Choosing Shared Accommodation||INR 2,000 Per Day||Not Available||INR 2,000 Per Day|
|Daily Cash while Accompanying a Covered Child||Available||Not Available||Available|
|OPD Treatment||Not Available||Not Available||INR 5,000 per year|
|Second Opinion||Available||Not Available||Available|
|New Born Baby Cover||Not Available,||Not Available||Available|
|Ambulance cover||Rs. 3,000||Rs. 1,000||Rs. 5,000|
|Prolonged hospitalization Benefit||Not Available||Not Available||Available|
|In-patient Dental Treatment||Available||Not Available||Available|
|Hearing Aid||Maximum of 50% of the actual cost of INR 10,000 per policy||Not Available||Maximum of 50% of the actual cost of INR 10,000 per policy|
Benefits of TATA AIG Medicare Plan
The following are the potential benefits of the TATA AIG Medicare plan.
- Enjoy Significant Tax Savings
The premium you pay for medical insurance can be deducted from your taxable income under Section 80D of the Income Tax Act of 1961. A maximum deduction of INR 25,000 is available for insured individuals under 60. You could claim an additional deduction of INR 50,000 if you bought coverage for a parent over the age of 60. Please keep in mind that income tax laws are subject to change.
- A Wide-Reaching Network
It’s simple to make cashless claims with Tata AIG’s health insurance policy. The company partnered with over 7,200 hospitals across India, so no matter where you are, you’ll be close to one of our network hospitals. You won’t have to break a sweat if you can’t get to one of our network hospitals in the odd event that you can’t. You can acquire the treatment you require at any reputable healthcare centre.
- Paperless Policies
We live in a digital, fast-paced world, so we appreciate the importance of having all of your documents with you at all times. The company will email you a soft copy of your health insurance policy as soon as it’s available. You can show the TPA the digital copy at the hospital, and we’ll start the claims procedure for your health insurance. You don’t need to bring a piece of paper or a card with you to prove you purchased our health insurance coverage!
- Impressive High Claim Settlement Ratio
You want to know how likely you are to collect your settlement if you file a valid claim before you buy or renew your health insurance policy. The company already settled 94.21 percent of the health insurance claims received in FY 19-20. So, you don’t need to worry about the TATA AIG Medicare plan.
- 24*7 Assistance
The company has made it our goal to anticipate all of your needs. They consistently put your needs ahead of our own and strive to exceed your expectations. With customer service 24 hours a day, seven days a week, you can phone in the middle of the night with an emergency, and there be there for you!
Premium Calculation of TATA AIG Medicare Plan
|Age||Sum Insured||Medicare||Medicare Protect||Medicare Premier|
|32 Years||Rs. 5 lakhs||Rs. 7,934||Rs. 6,347||Rs. 9,867|
|Male- 40 Years Female- 38 Years||Rs. 10 Lakhs||Rs. 18,764||NA||Rs. 23, 158|
Father- 50 Years
Mother- 48 Years
|Rs. 20 Lakhs||Rs. 35,889||NA||Rs. 42,826|
Frequently Asked Questions
The TATA AIG health insurance plan does not provide coverage outside of India. TATA, on the other hand, offers an optional Global Cover Rider that allows you to receive the best medical treatment outside of India.
Only in specific circumstances is a medical examination required. Most health insurance policies can be purchased online without requiring a visit to the doctor.
An individual or a family can be covered under this policy.