Benefits of Tata AIG Health Insurance
TATA AIG General Insurance Company is formed as a joint venture between one of India’s largest conglomerates TATA Group and American International Group (AIG). The company was established in the year 2001 and offers a range of general insurance products like health insurance, auto insurance, travel insurance, etc.
The company’s asset base is large at more than Rs. 8035 crores and the company is present at more than 200 locations in India. TATA AIG has more than 22,000 licensed agents and 390 licensed brokers ensuring that its insurance products reach every part of the country.
When it comes to health insurance, TATA AIG has a range of health insurance plans to its name. It offers indemnity health plans, fixed benefit plans, plans for covering the entire family or a single individual and even group health plans.
Additional Benefit of Free Health Check upAll health insurance plans offered by TATA AIG come inbuilt with a free check-up. These check-ups are allowed up to a specified limit either annually or after 2 to 4 policy years. Free health check-ups allow individuals to get routine check-ups free of cost and maintain their health.
Additional Protection over Employer CoverageIndividuals who are already covered under a group health plan sponsored by their employers can also opt for health insurance plans offered by TATA AIG. TATA AIG’s health plans allow individuals to boost their existing group health coverage. Individuals can choose plans based on their coverage needs and enhance their sum insured so that all their medical costs are met.
Cashless BenefitTATA AIG provides cashless claims across its networked hospitals. You can find the list of networked hospitals on the company’s website and if you avail treatments at such hospitals, you would not have to bear your medical expenses. Your expenses would be handled and settled by TATA AIG itself.
Claim Settement RatioTATA AIG has a good claim settlement ratio of 69.96%* ensuring that the maximum claims made on it are settled within the shortest period of time. You would have to simply inform the company about your claim and TATA AIG would guide you and help you get settlement of your claim easily. *The claim settlement ratio change from time to time.
Coverage against Medical ExpensesSome of the best coverage benefits are offered by health plans of TATA AIG. Besides the basic coverage benefits of inpatient hospitalisation, day care treatments, domiciliary treatments, ambulance costs, pre and post hospitalisation, etc., there are unique coverage benefits too. You can find coverage for bariatric treatments, maternity expenses, OPD expenses, etc. in some premium plans offered by the company.
Incurred Claim RatioIncurred Claim Ratio (ICR) varies every year and for the financial year 2018-19, TATA AIG’s ICR stood at 78%*. The ratio depicts the portion of the earned premium which the company uses to pay the claims. Since the ratio is well below 100%, it shows that the remaining premiums helped the company to make a profit. *The incurred claim ratio change from time to time.
Tax BenefitA tax benefit of up to Rs. 55,000 (Rs. 25,000 for individual and Rs. 30,000 for senior citizen) can be claimed under Section 80D if the premiums of health insurance policies are paid.
Tata AIG Health Insurance Plan List
|Name of Plan||Sum Insured|
|MediCare Min: 91 Days; Max: 65 Years||3 Lakh||Get Quotes Now|
|Critical Illness PolicyMin: 18 Years; Max: 65 Years||2.5 Lakh||Get Quotes Now|
|Wellsurance Executive Policy Min: 18 Years; Max: 65 Years||3 Lakh||Get Quotes Now|
|MediPrimeMin: 91 days; Max: 65 years||2 Lakh||Get Quotes Now|
|Wellsurance FamilyMin: 6 months; Max 65 years||2 Lakh||Get Quotes Now|
|Wellsurance WomanMin: 18 years; Max: 65 years||3 Lakh||Get Quotes Now|
|MediSeniorMin: 61 years; Max: No limit||2 Lakh||Get Quotes Now|
|MediCare PremierMin: 91 Days; Max; 65 Years||5 Lakh||Get Quotes Now|
|MediRakshaMin: 91 Days; Max: 65 Years||50 Thousand||Get Quotes Now|
|Arogya Sanjeevani PolicyMin: 3 months; Max: 65 years||1 Lakh - 5 Lakh||Get Quotes Now|
|Corona Kavach Policy||Get Quotes Now|
Tata AIG Health Insurance User Reviews
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Tata AIG Health Insurance FAQs
How to buy and apply for TATA AIG health policy?
You can buy and apply for any TATA AIG Health Insurance Policy online from the official website of TATA AIG Health Insurance at www.tataaig.com or through online broker’s website like Insurancedekho.com.
Why should I buy a TATA AIG Health Insurance Policy?
TATA AIG Health Insurance provides a comprehensive health insurance plan along with varied add-on features and benefits.
What is the toll free customer care number of TATA AIG Health Insurance?
The 24x7 toll-free helpline number of TATA AIG Health Insurance is 1800-266-7780.
What is the Claim Settlement Ratio of TATA AIG Health Insurance?
TATA AIG Health Insurance had a Claim Settlement Ratio of 69.96% in the year 2017-2018.
How to pay a premium for TATA AIG Health Insurance?
TATA AIG General Insurance Company offers 2 modes of premium payment, viz., 1)Cash payment at the branch. 2)Online payment. For the online payment, the policyholder can pay via- 1.Credit Card 2.Debit Card 3.Net Banking