Tata AIG vs Magma Health
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Tata AIG vs Magma Health

Tata AIG and Magma Health both come with a plethora of insurance solutions and a vast product portfolio. Both companies are well known for their all-inclusive plans that cover individuals as well as their families. The network hospitals under the umbrella of Tata AIG are 10000+ Number Of Network Hospitals whereas Magma Health has 8400+ Number Of Network Hospitals of them. The companies provide benefits such as hospitalization, accidental care, daycare procedures, critical illness and senior citizen coverage, along with affordable premiums and high sum insured new age insurance plans.

PLAN DETAILS Edit Tata AIG

Tata AIG

Edit magma-health

Magma Health

Number of health insurance plans and add-ons
Sum insured Up to 3Cr Up to 3 Cr
Network hospitals 10000+ 8400+
Claim ratio 93.55% 92.34%
Preventive health check-up Available (plan dependant) Available (plan dependant)
Existing illness cover Available Available
No claim bonus Available Available
Online discount Available Available
OPD coverage Covered (plan dependant) Covered (plan dependant)
Day care treatment Available Available
Wellness benefits Available (plan dependant) Available (plan dependant)
Discount on renewal Available Available
Global coverage Available Available
Cashless Facility Available Available
Exclusive Plans for Senior Citizen Available Available
Exclusive Plans for Women Available Not Available
Exclusive Plans for Critical Illness Available Available
Exclusive Plans for Family Available Available
Top selling plans Tata AIG MediCare, Tata AIG Arogya Sanjeevani Magma HDI One Health Insurance Policy

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Plans offered by TATA AIG Health Insurance

Below is a list of plans offered by Tata AIG that will help you narrow down your search. Go through all the plans carefully and choose your ideal plan carefully.

Individual & Family Health Insurance

Comprehensive Plan

A health plan that supports you in times of medical emergencies. The plan comes in 3 types, Tata AIG MediCare, Tata AIG MediCare Protect, and Tata AIG MediCare Premier.

Unique Features

  • Global Coverage
  • 540+ Day care treatments
  • Compassionate Travel up to 20K

Medicare Health Insurance (Pros)

  • Qualified Nurse
  • Restore Benefit
  • Room Rent
  • Organ Donor
  • Domiciliary Treatment

Medicare Health Insurance (Cons)

  • Injury due to Suicide Attempt
  • Death due to Drugs
  • Injuries Due to Breach of Law
  • Injuries/Death due to Aviation
  • STDs

Medicare Health Insurance (Other Benefits)

  • AYUSH Benefit
  • Health Checkup
  • Bariatric Surgery Cover
  • Vaccination cover
  • 50%Cumulative Bonus

Medicare Health Insurance (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 3 L - 20 L
  • Waiting Period - 30 Days

Standard plan

TATA AIG Arogya Sanjeevani Policy

A standard health plan designed to cover basic medical needs and keep you and your family protected in case of medical contingencies.

Unique Features

  • Cataract Treatment covered
  • AYUSH Coverage
  • Flexible Premium Payment

Arogya Sanjeevani Policy (Pros)

  • Robotic Surgeries
  • Oral chemotherapy
  • BronchialThermoplasty
  • Day Care Procedures Covered
  • Bronchial Thermoplasty

Arogya Sanjeevani Policy (Cons)

  • No Suicide Cover
  • Obesity Treatment Unavailable
  • Hazardous Activity not covered
  • HIV/AIDS not covered
  • Cosmetic Surgery unavailable

Arogya Sanjeevani Policy (Other Benefits)

  • Intra Vitreal Injections
  • Road Ambulance Cover
  • Plastic Surgery
  • AYUSH treatment Cover
  • Cumulative Bonus

Arogya Sanjeevani Policy (Eligibility Criteria)

  • Entry Age - 3 Months
  • Max Entry Age - 65 Years
  • SI - 1 L to 5 L
  • Waiting Period - 30 Days

Specialized Health Plans

Critical Illness Plan

A unique policy that goes beyond health insurance by providing wellness programs. Provides services like consultation, discounts and newsletters on wellness.

Unique Benefits

  • Convalescence benefit
  • Critical illness benefit
  • Value added benefits

Top-up Policy

An indemnity plan for individuals and families without any sub-limits, comes with lifelong renewal and aggregate deductibles.

Unique Features

  • Global Coverage
  • Cumulative Bonus
  • Tax Benefit

Tata AIG Medicare Plus (Pros)

  • In-patient Treatment
  • Long Term Discount
  • Family Discount
  • Day Care Procedures
  • Lifelong Renewal

Tata AIG Medicare Plus (Cons)

  • No Gender Change
  • Any Existing Disability
  • Injuries Due to Breach of Law
  • Injuries/Death due to Aviation
  • No Suicide Cover

Tata AIG Medicare Plus (Other Benefits)

  • Consumables Benefit
  • In-patient Dental Treatment
  • Ambulance Cover
  • AYUSH Benefit
  • Domiciliary Treatment

Tata AIG Medicare Plus (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 3 L - 1 Cr
  • Waiting Period - 30 Days

Critical Illness Policy

TATA AIG Critical Illness Policy is designed to offer coverage against a wide gamut of illnesses and medical emergencies.

Unique Benefits

  • Second opinion Benefit
  • Tax benefits
  • Option to add beneficiaries

Group Health Policy

Tata AIG Corporate Health Insurance

Tata AIG Corporate Health Insurance offers coverage to employees and offers coverage for hospitalization, disability, and deaths resulting from accidents.

Unique Benefits

  • 24*7 worldwide coverage
  • Daily Cash Benefits
  • SI based on Salary or Category

Types of Plans offered by Magma HDI Health Insurance

Comprehensive

It is a comprehensive insurance policy that comes in an Individual and Family Floater option, wherein you can cover up to 4 adults and 3 children under a floater policy.

Unique Features

  • Covers Critical Illnesses
  • Covers Accidents
  • 5 Variants

One Health Insurance Policy (Pros)

  • Free Health check-up
  • Recharge of SI
  • Loss of Income Benefit
  • Bariatric Surgery Cover
  • Lasik Surgery Cover

One Health Insurance Policy (Cons)

  • Hazardous Sports Not Covered
  • Substance Abuse Unavailable
  • Hazardous Activity not covered
  • 10% Copay
  • Cosmetic Surgery unavailable

One Health Insurance Policy (Other Benefits)

  • Early Joining benefits
  • Second E-Opinion
  • Fitness rewards
  • Wellness services
  • Hospital Daily Cash benefit

One Health Insurance Policy (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 2 L to 1 Cr
  • Waiting Period - 30 Days

Personal accident

Magma HDI Individual Personal Accident Policy

The policy provides coverage against unfortunate accidents & covers Accidental Death, Permanent Total Disablement, & Temporary Total Disablement.

Unique Features

  • 3 variants to choose from
  • Medical Expense Extension
  • Hospital Confinement Allowance

Individual Personal Accident Policy (Pros)

  • Parents In Law Cover
  • Spouse Cover
  • Dependent Child Cover
  • Family Discount
  • Step Children Cover

Individual Personal Accident Policy (Cons)

  • No Alcoholism Ailment Cover
  • Hazardous or adventure sports
  • No Obesity Treatment Cover
  • No Cosmetic Treatment Cover
  • No War Injury Cover

Individual Personal Accident Policy (Other Benefits)

  • Easy Claim Settlement Process
  • Enhancement Of SI
  • Hospital Confinement Allowance
  • Medical Extension Cover
  • Staff Discount

Individual Personal Accident Policy (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 1 L to 5 Cr
  • Waiting Period - 30 Days

Loan Protect

Magma HDI Loan Guard

The policy provides coverage against unfortunate accidents & covers Accidental Death, Permanent Total Disablement, & Temporary Total Disablement.

Unique Features

  • Lump Sum payout
  • Rehabilitation cost covered
  • Covers available

Loan Guard (Pros)

  • Annual Health Check-up
  • Day Care Treatment
  • Guaranteed Cumulative Bonus
  • Organ Donor Cover
  • Joint Replacement Cover

Loan Guard (Cons)

  • No Suicide Cover
  • Hazardous or adventure sports
  • No Obesity Treatment Cover
  • No Cosmetic Treatment Cover
  • No War Injury Cover

Loan Guard (Other Benefits)

  • Domiciliary Hospitalization
  • Second E-Opinion
  • Oral chemotherapy Cover
  • Wellness services
  • Ambulance Cover

Loan Guard (Eligibility Criteria)

  • Entry Age - 5 Years
  • Max Entry Age - No Upper Cap
  • SI - 5 L to 1 Cr
  • Waiting Period - 30 Days

Comprehensive

Magma HDI One Extra Cover Health Insurance Policy

Comes with 2 plan options (Platinum and Gold) and 9 optional covers. It provides for critical illness and surgeries and has death and accidental benefits.

Unique Features

  • AYUSH Treatment
  • Personal Accident Cover
  • Psychiatric Inpatient Cover

One Extra Cover Health Policy (Pros)

  • Annual Health Check-up
  • E-opinion for Critical Illness
  • Enhanced Post Hospitalization
  • Organ Donor Cover
  • Joint Replacement Cover

One Extra Cover Health Policy (Cons)

  • No Substance abuse cover
  • Hazardous or adventure sports
  • No External congenital anomaly
  • No Cosmetic Treatment Cover
  • Treatment not supported by prescription

One Extra Cover Health Policy (Other Benefits)

  • Domiciliary Hospitalization
  • Second E-Opinion
  • Non-payable expense Cover
  • Wellness services
  • Cataract Cover

One Extra Cover Health Policy (Eligibility Criteria)

  • Entry Age - 56 Years
  • Max Entry Age - No Upper Cap
  • SI - 3 L to 25 L
  • Waiting Period - 30 Days

Senior Citizen

Magma HDI One Health Senior Insurance Policy

A plan that covers in-laws and a maximum of 4 adults and 3 children. It provides coverage for many surgeries and also has death and accidental benefits.

Unique Features

  • AYUSH Treatment
  • Personal Accident Cover
  • HIV/AIDS Cover

One Health Senior Policy (Pros)

  • Annual Health Check-up
  • Day Care Treatment
  • Guaranteed Cumulative Bonus
  • Organ Donor Cover
  • Joint Replacement Cover

One Health Senior Policy (Cons)

  • No Alcoholism Ailment Cover
  • Hazardous or adventure sports
  • No Obesity Treatment Cover
  • No Cosmetic Treatment Cover
  • No War Injury Cover

One Health Senior Policy (Other Benefits)

  • Domiciliary Hospitalization
  • Second E-Opinion
  • Oral chemotherapy Cover
  • Wellness services
  • Ambulance Cover

One Health Senior Policy (Eligibility Criteria)

  • Entry Age - 5 Years
  • Max Entry Age - No Upper Cap
  • SI - 5 L to 1 Cr
  • Waiting Period - 30 Days

Specialized

Magma HDI Corona Kavach

A plan that covers COVID-19 hospitalizations with no sub-limits on room rent or tests. The cost of gloves, mask, oxygen cylinder, and nebulizer is covered.

Unique Features

  • ICU Cover
  • Room Rent Cover
  • Cumulative Bonus

Corona Kavach (Pros)

  • Ambulance charges
  • Day Care Treatment
  • Home Care treatment expenses
  • Hospital Daily Cash Cover
  • PPE Kit Cover

Corona Kavach (Cons)

  • No Global Cover
  • Hazardous or adventure sports
  • No Obesity Treatment Cover
  • No Cosmetic Treatment Cover
  • No War Injury Cover

Corona Kavach (Other Benefits)

  • Pre & Post Hospitalization
  • Nebulizer Cover
  • Oxymetre Cover
  • Tax Benefit
  • Easy Claim Settlement

Corona Kavach (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 50 K to 10 L
  • Waiting Period - 15 Days

Comrehensive

Magma HDI Arogya Sanjeevani

It is an all-in-one plan that covers hospitalization and modern treatments. The plan also provides coverage for accidental injuries and pre-existing diseases.

Unique Features

  • ICU Cover
  • Room Rent Cover
  • 5 % Cumulative Bonus

Arogya Sanjeevani (Pros)

  • AYUSH Cover
  • Day Care Treatment
  • Cataract Cover
  • Stem cell therapy Cover
  • Oral chemotherapy Cover

Arogya Sanjeevani (Cons)

  • No Global Cover
  • Hazardous or adventure sports
  • No Obesity Treatment Cover
  • No Cosmetic Treatment Cover
  • No War Injury Cover

Arogya Sanjeevani (Other Benefits)

  • Pre & Post Hospitalization
  • Deep Brain stimulation
  • Oral chemotherapy Cover
  • Bronchial Thermoplasty
  • Ambulance Cover

Arogya Sanjeevani (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 50 K to 10 L
  • Waiting Period - 30 Days

Family

Magma HDI Saral Suraksha Bima

It is a comprehensive plan that covers the individual as well as family members. It covers accidental death, disability and accidental hospitalization.

Unique Features

  • ICU Cover
  • Room Rent Cover
  • Cumulative Bonus

Saral Suraksha Bima (Pros)

  • Education Grant
  • Temporary Disablement Cover
  • Total Disablement Cover
  • Hospital Daily Cash Cover
  • Compensation Benefit

Saral Suraksha Bima (Cons)

  • No Natural Death Cover
  • Hazardous or adventure sports
  • No Obesity Treatment Cover
  • No Cosmetic Treatment Cover
  • No War Injury Cover

Saral Suraksha Bima (Other Benefits)

  • Ambulance Cover
  • Spouse Cover
  • Child Cover
  • Tax Benefit
  • Easy Claim Settlement

Saral Suraksha Bima (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 75 Years
  • SI - 2.5 L to 1 Cr
  • Waiting Period - 30 Days

Comprehensive

Magma HDI Janta Personal Accident

The plan coverage for accidental death disability and accidental hospitalization. Comes in 3 options i.e Basic, Wide, and Comprehensive.

Unique Features

  • Hospital Confinement Allowance
  • Medical Expense Extension
  • Dependent Parent Cover

Janta Personal Accident (Pros)

  • Accidental Death
  • Temporary Disablement Cover
  • Total Disablement Cover
  • Hospital Daily Cash Cover
  • Compensation Benefit

Janta Personal Accident (Cons)

  • No Natural Death Cover
  • Hazardous or adventure sports
  • No Obesity Treatment Cover
  • No Cosmetic Treatment Cover
  • No War Injury Cover

Janta Personal Accident (Other Benefits)

  • Ambulance Cover
  • Spouse Cover
  • Child Cover
  • Tax Benefit
  • Easy Claim Settlement

Janta Personal Accident (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - NA
  • SI - 2.5 L to 1 Cr
  • Waiting Period - 30 Days

Group

Magma HDI Group Health Insurance

The plan covers for Benign Brain Tumors, Alzheimer's Disease, End Stage Liver Failure.

Unique Features

  • First Heart Attack Cover
  • Open Heart Replacement
  • Bone Marrow Transplant Cover

Group Health Insurance (Pros)

  • ICU Cover
  • Room Rent Cover
  • Qualified Nurses Cover
  • Deafness Cover
  • Third Degree Burns Cover

Group Health Insurance (Cons)

  • No Global Cover
  • Hazardous or adventure sports
  • No Obesity Treatment Cover
  • No Cosmetic Treatment Cover
  • No War Injury Cover

Group Health Insurance (Other Benefits)

  • Diagnostic procedures Cover
  • Medical Practitioners Cover
  • Critical Illness Cover
  • Cancer of Specified Severity
  • Kidney Failure Cover

Group Health Insurance (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 2.5 L to 1 Cr
  • Waiting Period - 30 Days

Group

Magma HDI Group Accident Suraksha

This plan is designed for covering Accidental Medical Expenses and disability. It acts as a Loan Protector and offers coverage for death due to an accident.

Unique Features

  • Adventure Sports Benefit
  • Funeral Benefit
  • Accidental Death

Group Accident Suraksha (Pros)

  • Funeral expenses Cover
  • Accidental OPD Cover
  • Air Ambulance Cover
  • Life Support Benefit
  • Family Transportation Allowance

Group Accident Suraksha (Cons)

  • No Global Cover
  • No Suicide Cover
  • No Obesity Treatment Cover
  • No Cosmetic Treatment Cover
  • No War Injury Cover

Group Accident Suraksha (Other Benefits)

  • Diagnostic procedures Cover
  • Medical Practitioners Cover
  • Hospital Cash Allowance
  • Adaptation Allowance
  • Renewal Benefits

Group Accident Suraksha (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - NA
  • Waiting Period - NA

Comprehensive

Magma HDI Saksham Health Insurance

The plan covers pre-existing diseases and offers coverage for modern treatments for many chronic illnesses.

Unique Features

  • Child Cover Uoto 17 Years
  • Renewal Benefit
  • Deep Brain Stimulation

Saksham Health Insurance (Pros)

  • Cataract Cover
  • Modern treatment
  • Cerebral Palsy Cover
  • Speech and Language disability
  • AYUSH Cover

Saksham Health Insurance (Cons)

  • No Anti-Retroviral Treatment
  • No Suicide Cover
  • No Obesity Treatment Cover
  • No Type2 Diabetes Cover
  • No Sleep Apnea Cover

Saksham Health Insurance (Other Benefits)

  • Emergency Ground Ambulance
  • Hernia Cover
  • Hospital Cash Allowance
  • ICU Cover
  • Pre & Post Hospitalization

Saksham Health Insurance (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 Years
  • SI - 4 LTo 5 L
  • Waiting Period - NA

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.