Tata AIG Health Insurance

Tata AIG Insurance Company is a joint venture between the Tata Group and American International Group (AIG). The insurance company began its operations in 2001 and offers travel insurance, health insurance, motor insurance, and other products. The company offers an extensive range of products in health addressed to the individual as well as business insurance needs.

TATA AIG provides multiple health insurance plans to deal with the different needs of the policyholders.

Read along to explore more about the company:

What are the Different Types of Plans Offered By Tata AIG Health Insurance?

Tata AIG Health Insurance offers various health plans that ensure to fulfil all your financial needs during a medical emergency. They offer a variety of plans for individuals, families, and ever offer coverage against COVID-19 which is a need at these hard/critical times.

Here 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,

**Last Updated on February, 2022

Watch Video For Detailed Review

Let's discuss each plan in detail.

1. TATA AIG MediCare Policy

   TATA AIG Medicare Plan is a comprehensive health plan that supports you in the time of medical emergencies. This health insurance can be classified into three types: Tata AIG MediCare, Tata AIG MediCare Protect, and Tata AIG MediCare Premier.

   Features:

   • A policyholder will get coverage for 540+ daycare treatment expenses.
   • A policyholder is also eligible to get coverage for in-patient treatment taken under Ayurveda, Unani, Sidha, or Homeopathy.

   Plan Details:

   Plans	Medicare	Medicare Protect	Medicare Premier
   Entry Age	91 days to 65 years
   Policy Tenure	1/2/3 years
   Members Covered	Up to 7
   Sum Insured	3 lakhs to 20 lakhs	2 lakhs-5 lakhs	5 lakhs-50 lakhs

   **Last Updated on February, 2022

2. TATA AIG MediCare Plus Policy

   TATA AIG MediCare Plus comes with an affordable premium option and offers benefits and features to suit your needs and requirements.

   Features:

   • Under this plan, an insured is given medical coverage even outside India.
   • One gets a 50% increase in cumulative bonus for every claim-free year.
   • The plan also offers lifetime renewability of the plan.

   Plan Details:

   Minimum Entry Age	Child: 91 days - 5 years Adult: 18 Years
   Maximum Entry Age	65 Years
   Number of members covered	Up to 7 members Self, spouse, children (up to 3), and dependant parents(up to 2)

   **Last Updated on February, 2022

3. TATA AIG Wellsurance Women Policy

   TATA AIG Wellsurance Woman policy is specially designed to provide financial coverage to women against illnesses. The plan covers 11 listed critical diseases. Along with the same, there are several additional benefits such as health lines, health and wellness discounts, cosmetic reconstructive surgery, and much more.

   Features :

   • The plan will offer a lump sum amount to the insured in case she is diagnosed with any critical illness during the policy tenure.
   • The plan pays up to a specified amount for the medical transportation fees of the insured.
   • ICU expenses related to the treatment will be liable to get the cover for 15 days.
   • The plan will pay a particular amount in case the surgery is conducted as a reconstructive procedure.

   Plan Details:

   Entry Age	18-65 years
   Tax Benefits	Yes

   **Last Updated on February, 2022

4. TATA AIG Critical Illness Policy

   TATA AIG Critical Illness Policy is designed to offer coverage against 11 listed critical diseases. Under this plan, you can concentrate on your treatment without worrying about the expenses.

   Key Features:

   • If the insured has any doubt regarding the treatment or diagnosis, (s)he can opt for a second opinion, and this insurance plan will cover the cost of the same.
   • During the policy tenure, if the insured wants to enhance the sum insured for wider coverage, then (s)he can use the 'sum insured enhancement' feature at the time of renewal and get it done.
   • The plan comes out with the portability option. Under the same, the customer is allowed to invest in a better plan and avail of the huge benefit.
   • You can reduce your taxable income by up to Rs. 50,000 by investing in this critical illness cover.

   Eligibility:

   Entry Age	18-65 years
   Policy Tenure	1 year

   **Last Updated on February, 2022

5. TATA AIG Corporate Health Insurance Policy

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

   Features:

   • It offers coverage 24X7 worldwide
   • This plan provides tailor-made policies having customized benefits
   • It also provides hospital cash benefits in case of hospitalization.

6. TATA AIG Arogya Sanjeevani Health Insurance Policy

   TATA AIG Arogya Sanjeevani Health Insurance keeps you and your family protected in case of medical contingencies. The policy covers basic medical needs and provides financial support in times of medical emergency.

   Features:

   • This health insurance plan covers the expenses for 30 days pre-hospitalization and 60 days post-hospitalization.
   • It offers coverage for all daycare treatments listed under this policy.
   • Get expenses incurred on road ambulance for a maximum of Rs. 2000/ hospitalization.
   • Also covers plastic and dental surgeries caused because of an illness or injury.

   Plan Details:

   Entry age	18-65 years
   Policy Tenure	1 year

   **Last Updated on February, 2022

7. TATA AIG Wellsurance Executive Policy

   TATA AIG Wellsurance Executive is a health insurance plan designed to offer complete coverage against specific requirements of the insured people. The plan can be brought by individuals between the age of 18 and 65 years.

   Key Features:

   • The plan offers the desired coverage against specified hospitalization in case the insured person is hospitalized for the treatment of injury/sickness.
   • The plan will pay a lump sum amount (after hospitalization) under the following situations-
   • Post-operative physiotherapy
   • Chemotherapy and/or radiation
   • Kidney dialysis
   • Apart from the basic cover, the plan offers additional services such as a free health line, health query, health portal, or discounted services for the health and wellness and e-newsletter, where the insured can get access to various health articles.

   Plan Details:

   Entry Age	18-65 years
   Renewability	Lifelong

   **Last Updated on February, 2022

8. TATA AIG Wellsurance Family Policy

   TATA AIG Wellsurance Family covers your child's education and parents' hospitalization expenses. It allows the insured to protect his/her family to the fullest extent.

   Key Features:

   • The plan will provide a cash benefit daily if the insured is admitted to the intensive care unit because of any injury/sickness.
   • If a family member is admitted to the hospital due to any illness or injury, the plan will provide a daily cash allowance for up to 90 days.
   • The plan pays a specified amount to cover ambulance expenses.

   Plan Details:

   Entry Age	Adults - 18-65 years Children - 6 months -23 years
   Tax Benefits	Yes

   **Last Updated on February, 2022

What are the Key Features of Tata AIG Health Insurance?

Before deciding the health insurance plans for you and for your family, one should always be aware of the key features of the policy. Let's look at few important key features of TATA AIG Health Insurance company that could help you make an informed decision, here's a quick lay down:

1. Tata AIG Health Insurance Network Hospitals

   Checking the network hospitals is an important factor while deciding on an insurer as it gives you an idea of how easily you can assess the cashless facility at the time of hospitalization.

   Network hospitals have a tie-up with the health insurers for offering cashless hospitalization to the policyholders. A cashless facility does not require you to pay a single amount of money to the hospital as the medical expenses will be directly managed by the insurance company, thus it lowers the financial burden of your pocket.

   Tata AIG has a network of 6200+ network hospitals across India and offers you complimentary health checkups, pre, and post-hospitalization costs, coverage for pre-existing diseases. They have an in-house claim settlement team with 400+ experts that provide a quick and hassle-free claim experience.

   For a better decision, we have created a graph that showcases the network hospitals of TATA AIG as well as other top health companies. Take a look and choose wisely.

   Network Hospitals of Tata AIG and other top companies

   

   Tata AIG also provides an option of reimbursement where the amount paid by the policyholder at the time of hospitalization will be refunded after 10-12 days by the insurance company.

   If you want to check the Tata AIG Health Insurance hospital list as per your state/region, you can visit PolicyX.com network hospital list Page.

   TATA AIG Health Insurance Network Hospital List

2. Tata AIG Health Insurance Renewability

   Tata AIG Health Insurance offers a lifelong/lifetime renewability option. With this feature, the insured can ensure that the policy can be renewed for lifelong without any age limit or other restrictions. It saves your pocket from financial stress caused due to medical emergencies.

3. Tata AIG Health Insurance Solvency Ratio

   The solvency ratio is one of the crucial factors when selecting the insurer for you and your family by assessing the company's ability to meet its long-term financial obligations. It measures how much asset the company holds vs. how much it owes.

   Solvency Ratios are available in annual reports published on the Insurance Regulatory and Development Authority of India (IRDAI). IRDAI has prescribed various valuation methods of assets and proposed guidelines to prepare a statement of solvency margin every quarter. According to IRDAI, insurers are required to maintain a solvency ratio of 1.50 irrespective of the number of risks that the insurer entities carry or the liabilities that arise from the insurance policy's pricing.

   So let's learn about this factor with the help of a graph,

   Solvency Ratio of TATA AIG Health Insurance

   

   **Data from IRDAI Annual Reports

   As per IRDAI Annual Report 2019-20, the solvency ratio of Tata AIG is 1.84.

4. Tata AIG Health Insurance Claim Support (Settled within 3 months)

   Claim Support determines the claim settling ability of an insurance company and is considered one of the most important factors while selecting an insurer. IRDAI standardizes the claim support and publishes it annually in the first month of every year. As per IRDAI 2019-20, Tata AIG has settled 92.82 % of claims within 3 months. It is advisable to check the claim support before opting for any health insurance company.

   For a better decision, take a look at the below graph that showcases the claim support of TATA AIG as well as other top health companies. Take a look and choose wisely.

   Claim Support of TATA AIG With Other Top Health Insurers

   

   **Data from IRDAI Annual Reports

Why Should You Buy Tata AIG Health Insurance?

Tata AIG Health Insurance ensures that the cashless claims are processed quickly across its 6200+ network hospitals. Even when the hospital does not come under the network of the insurer then, the company provides you with an option of reimbursement to make sure that the treatment of your illnesses does not become a financial burden.

Apart from all these benefits, most of the plans offered by the company provide no room rent restrictions, inpatient treatment, consumable benefits and tax savings under section 80(D). TATA AIG provides individual and family floater plans, so any Indian family can rest assured that their health and medical needs will be fully taken care of. Let's discuss some of the benefits of Tata AIG health insurance for your smooth and quick understanding,

1. 24X7 Customer Support

   The company has a toll-free number on which they provide 24X7 assistance to their customers. So you can directly call on their toll-free number in case of any insurance-related query.

2. Pan India

   Tata AIG Health Insurance Company has a Pan India presence with which customers can directly visit the nearest branch in case of any query or confusion.

3. Cashless Facility

   Tata AIG is empanelled with 6200+ network hospitals offering cashless facilities. With this benefit, you can avail cashless claim settlements easily and smoothly.

4. Covers first year Vaccinations

   This plan provides coverage for the expenses incurred in the vaccination for up to one year after the birth of the child.

5. In-Patient Treatment

   Tata AIG Health Insurance covers your room rent, nursing, boarding, and medicines and drugs expenses that are consumed during hospitalization.

Common Benefits of TATA AIG Health Insurance

All the plans of TATA AIG Health Insurance have some common benefits that make them a good alternative for your health insurance needs. some of the common benefits of a Tata AIG insurance policy:

• Tax benefit under section 80D
• Lifelong renewability
• Cashless hospitalization in 7200+ network hospitals.
• Zero sub-limits on expenses covering inpatient treatment, daycare expenses, domiciliary treatments, and organ donor expenses.
• High Claim Settlement Ratio

What are TATA AIG Health Insurance Plan Exclusions?

Here are some of the major exclusions,

• Self-inflicted injuries
• Sexually transmitted diseases
• HIV AIDS infections/ Venereal diseases
• Expenses related to Maternity, childbirth, and pregnancy
• Congenital abnormalities or disorders
• Mental disorders or illnesses
• Cosmetic surgeries and Robotic surgeries
• Accidental injuries due to war, nuclear invasions

How to Buy TATA AIG Health Insurance Plans?

TATA AIG Health Insurance has the option to directly buy the policy through the company's website, or purchase via PolicyX.com. Let's look at both the procedures in detail-

Through the Company's website

• Visit the official website of TATA AIG Insurance company and choose 'Health' by clicking on 'All Products'.
• Select the category for whom you want to buy the plan and click 'Get Plan'.
• Fill in the required details like your contact number, dob, and click on the 'See Plan'.
• Check the plans as per your needs, tap the 'Buy' button, and make the payment.
• Your policy document will be mailed to you at your registered email address.

Through PolicyX.com

• Go to the top of this page and fill in the details in the 'Calculate TATA AIG Health Insurance Premium' form.
• Out of all the quotes, choose the desired TATA AIG health plan and click on 'Buy Now'.
• Pay the premium and your policy documents will be shared with you on your registered email.

Documents required to buy this policy

• KYC documents
• 1 passport size photograph
• Medical records
• Family medical history and all the current medical records
• Application form

Claim Process of TATA AIG Health Insurance Plans

The company provides a simple claim process to assist the policyholder during medical emergencies. It has divided the process into two forms- Cashless and Reimbursement. Let's discuss both types of claims in detail.

Cashless

Under this form of claim settlement, the insured has the freedom to take the needful treatment at any network hospital and doesn't have to worry about making payments. The insurance company or TPA will directly deal with the bills associated with the treatment.

• In case of treatment, get admitted to one of the network hospitals empanelled with Tata AIG. You can check the list of network hospitals on the company's website.
• Validate your identity with the network hospital, after which the hospital will submit the pre-authorization request form to the company.
• Then the company will review your request and confirm the network hospital by email and a copy of the same will also be shared with you.
• The company will settle the claim with the hospital after the completion of all the formalities.

Note- In the case of emergency hospitalization, you need to inform the insurer within 24 hours. In case of planned hospitalization, you need to inform the insurer at least 5 days in advance.

Reimbursement

Here you need to pay all the treatment bills to the hospital.

• Later, you can file for reimbursement under TATA AIG health insurance. To do that, the insured must collect all bills, and prescriptions related to the treatment and submit the same along with the claim form to the insurance company or TPA.
• The insurer will analyze your claim and might ask for additional documents (if required).
• If it gets approved, the company will transfer the amount directly into your account and in case of rejection, you will receive the reason for the same.

Note- You need to submit the required documents to the below-mentioned address: Peninsula Business Park, Tower A, 15th Floor, G.K.Marg, Lower Parel, Mumbai - 400 013, Maharashtra, India.

TATA AIG Health Insurance Claim Settlement ratio

Claim settlement ratio is considered one of the most important factors while selecting an insurance company as it shows us the claim settling ability of the insurer. As per the annual report published by IRDAI, we have shown the TATA AIG claim settlement ratio from 2016 to 2020 in the below table:

How to Renew TATA AIG's Health Insurance Policy?

You can renew the policy directly through the company or via the agent of the company. For more information, you can visit the company's branch or call on their toll-free number. Online renewals are quite easy, quick, and hassle-free. Follow these simple steps to renew your policy ;

• Visit the website of the company www.tataaig.com
• Choose 'Renew' and then choose option Health insurance.
• Enter all your required details along with your mobile number registered with TATA AIG and the policy number of your existing policy.
• After filling in all the details, the renewal premium would be shown which you should pay online and then the policy gets renewed.

How to Contact Tata AIG Health Insurance?

Address: Peninsula Business Park, Tower A, 15th Floor, G.K.Marg, Lower Parel, Mumbai - 400 013, Maharashtra, India.

Contact Number:

WhatsApp: +91-9136160375

24/7 Toll-Free Number: 1800-266-7780

Email: customersupport@tataaig.com