About 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 has made a mark in the industry with its excellent products and services. Tata AIG offers travel insurance, health insurance, motor insurance, and other products. The health insurance plans are quite popular as the insurer 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. It aims to create better tomorrow for its customers by providing trustworthy and innovative medical insurance solutions to secure their families.

What are the Key Features of Tata AIG Health Insurance?

Most of us who are reading this article are leading healthy and secure lives and will hopefully continue doing that, but the risk of being hospitalized due to a sudden disease or illness or any unforeseen event is always around. Risk will not be taken lightly, and fortunately with the help of an ideal health insurance policy, one can avail the financial protection against the rising medical costs. 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 that could help you make an informed decision, here's a quick lay down:

1. Network Hospitals

   While buying a health insurance policy, what are your major necessities? As a consumer, we always look for the insurer that takes care of our medical needs and budget. However, checking the network hospitals is an important factor while deciding on an insurer 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 huge 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 in-house claim settlement tea with 400+ experts that provide a quick and hassle-free claim experience.

   But what if in case you get hospitalized to a non-network hospital that has not a tie-up with your insurer? No need to panic!!! 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.

   Here is a graph showing the network hospitals of Tata AIG with other top companies.

   Network hospitals of Tata AIG with other top companies

   

   **Data from IRDAI Annual Reports

   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.

2. 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. Solvency Ratio

   Have you ever wondered how you are gonna get your money back when your respective insurance company fails? Think of a situation when a natural disaster in your area puts a huge burden on your insurer. At that time, the insurer is required to pay the claims, but what if the company becomes insolvent?

   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. This factor is a basic measure of how financially sound your insurance company is and what is its ability to pay claims.

   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 which is considered a healthy ratio and indicates its good claim paying ability. So, Tata AIG from 2016-2020 has always matched the standards of IRDAI in terms of solvency ratio. With this graph, it is stated that Tata AIG is financially sound and has a good ability to pay claims.

   Let's compare the solvency ratios of Tata AIG with other companies,

   Solvency Ratio of TATA AIG with other top companies for FY 2019-20

   

   **Data fromIRDAI Annual Reports 2019-20

4. Claim Support (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. Also, it is used to rate the company on the basis of its claim settlement. We at PolicyX.com have considered claim support (within 3 months) for selecting the top health insurance companies. 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. The higher the percentage, the better the company's ability to settle claims. Moreover, Tata AIG offers a hassle-free and quick claim settlement experience that makes a company highly trustworthy among its customers. Thus, it is advisable to check the claim support before opting for any health insurance company.

5. Market Share

   A high market share means greater sales. Market share determines the volume of a business and measures the preference of a consumer for a product over other similar products. Business volume refers to the total number of policies that are sold by an insurance company and the premiums collected. As per IRDAI Annual Report 2019-20, the Annual Gross Premium of Tata AIG Health Insurance is 835.42 Crores. The higher business volume and the greater sales make Tata AIG a trusted insurer among its customers. During 2019-20, Tata AIG has shown a significant increase of 30% in Gross Written Premium. This helps Tata AIG to continue doing good in their business and lead the insurance market by maintaining its rank among the private sector insurers in India.

   Now is this the only factor that is to be checked while selecting an insurance company? Are there any set standards on the basis of which we can decide the top companies? No. There are no such standards set by IRDAI. We have listed top companies at PolicyX.com by keeping certain factors in minds such as cashless claims, claim support, and market share.

   The bar graph shown below illustrates the Annual premium of Tata AIG across India from the Financial year 2016-2020. Let's go through the graph carefully for a quick and smooth understanding of the market share,

   Annual Premium of Tata AIG Health Insurance for Financial Years 2016-2020

   

   **Data from IRDAI Annual Reports

   This bar graph shows the significant growth in the market share from the 2016-2020 Financial year that indicates a sizable grip on the sector. In 2016-17, the market share was 450.19 crores which increased to 835.42 Crores in the 2019-20 financial years. Tata AIG commands a 1.64% market share in comparison to other companies. If your criteria for choosing an insurance company are the Annual gross premium and the market share, then Tata AIG is surely a good choice to invest in.

   We have summarized the above-discussed key features of Tata AIG Health Insurance in a tabular form. Go through the table carefully and choose your plan wisely.

   Network Hospitals	6,200+
   Renewability	lifelong
   Solvency Ratio (2019-20)	1.84
   Claim Support(settled within 3 months in 2019-20)	92.82
   Annual Premium	450.19

   **Last Updated on 05-05-2021

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

   Tata AIG has been known for a long time to offer good services and products to its customers. In our view, the key strategic element of Tata AIG Health Insurance is customer-centricity, building trust among customers and helping them to resolve their queries. Also, they have a toll-free number on which they provide 24X7 assistance to their customers. Even, customers are quite satisfied with their services as it offers health insurance plans which can be purchased easily using the online medium at affordable prices and without the interference of agents. So you can directly call on their toll-free number in case of any insurance-related query.

2. Trusted Brand

   When you buy something for you and your family's health, surely the preference will be a brand and its company value. Beyond just the logo, a brand should also make a memorable experience for consumers and we think Tata AIG has been connecting people with good and innovative products and services for so long. It is a trusted brand by millions of Indians and the track record is clean in the insurance industry in terms of providing quality products and services. The IAAA rating by ICRA and its high rank in the private sector insurers indicates its good claims-paying ability.

3. 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.

4. 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.

5. Comprehensive Plans

   Tata AIG offers comprehensive health insurance plans along with the innovative products and services that make this insurer one of the leading private health insurers in India. The plans are specifically designed in a way that caters to all medical needs and requirements of their customers such as the Medicare plan of Tata AIG plan.

6. 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.

7. In-Patient Treatment

   If in case you are hospitalized because of an illness. Do not panic. Tata AIG Health Insurance covers your room rent, nursing, boarding, and medicines and drugs expenses that are consumed during hospitalization.

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 05-05-2021

1. TATA AIG MediCare Policy

   TATA AIG Medicare Plan is an affordable and comprehensive health plan that supports you in the time of medical emergencies. Tata AIG MediCare 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 05-05-2021

2. TATA AIG MediCare Plus Policy

   TATA AIG MediCare Plus offers you a health companion to rely on. The plan 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 05-05-2021

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 05-05-2021

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 05-05-2021

5. TATA AIG MediPlus Policy

   TATA AIG MediPlus is a health top-up plan under which the insured gets extra cover to deal with medical emergencies in case the limit of the basic health insurance plan meets the threshold.

   Key Features:

   • The plan offers coverage of up to 140 daycare procedures.
   • If you need any dental treatment owing to an accident or illness, you are liable to get the coverage under this policy.
   • Under this plan, the insured is liable to get coverage against ambulance charges up to Rs. 2000.
   • The plan offers coverage against room rent, ICU, and nursing expenses. The coverage can also extend to drugs, medicines, and consumables.

   Plan Details:

   Entry Age	91 days to 65 years
   Policy Tenure	6 months
   Free Look Period	15 days

   **Last Updated on 05-05-2021

6. TATA AIG Medisenior Policy

   TATA AIG MediSenior is a comprehensive health insurance plan that is an ideal option for senior citizens. The plan keeps you and your spouse self-reliant and ensures that you have the best medical treatment and financial backup.

   Features:

   • All medical expenses that occur 30 days before the hospitalization and 60 days post hospitalization will be liable to get the cover.
   • Under this plan, if you choose to pay two years' premium in advance, you can avail of a 7.5% discount on your policy premium, and also get a 5% family discount on insuring 2 family members under the MediSenior policy.
   • You don't have to worry in case you or your spouse needs medical treatment at home (in case of emergency) as the plan offers coverage regarding the same.

   Plan Details:

   Entry Age	61 years to no limit
   Policy Tenure	1/2 years
   Sum Insured	2 lakhs, 3 lakhs, 5 lakhs

   **Last Updated on 05-05-2021

7. TATA AIG MediRaksha Policy

   TATA AIG MediRaksha is a comprehensive health insurance plan that takes care of you and your family in case of medical emergencies. The plan offers a protective shield against life's uncertainties and ensures that you live in peace.

   Features:

   • Under this plan, you can extend the cover for seven family members. It means apart from yourself, you can easily ensure your parents, spouse, and three children.
   • To get insured under this plan, you don't have to undergo a medical test up to the age of 55 years.
   • The plan will cover the hospitalization expenses that occur because of illness or an accident. You get the required coverage against room rent, ICU, boarding, and nursing expenses.
   • The plan also provides coverage in case of an organ transplant - both for the organ receiver and the donor at the time of harvesting.

   Plan Details:

   Entry Age	91 days to 65 years
   Policy Tenure	1/2 years
   Sum Insured	Rs. 50,000, Rs. 75,000, Rs. 100000 on individual basis only

   **Last Updated on 05-05-2021

8. TATA AIG Corporate Health Insurance Policy

   Tata AIG Corporate Health Insurance offers coverage to the employees at a low and affordable price. The plan also 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.

   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 05-05-2021

9. TATA AIG Wellsurance Executive Policy

   TATA AIG Wellsurance Executive is a health insurance plan designed to offer coverage against specific and unique requirements of the insured people. The plan offers a complete cover to the insured at an affordable price. 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 05-05-2021

10. TATA AIG Wellsurance Family Policy

    TATA AIG Wellsurance Family is a single health insurance policy that 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 05-05-2021

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. The best thing about this plan is that after submitting the required documents along with a claim form to the insurance company or TPA present at the network hospital, the insured 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:

How to Renew TATA AIG's Health Insurance Policy?

Tata AIG health insurance is a trustworthy company among customers that provides a simple process for renewing the 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.

TATA AIG Health Insurance Company Reviews

Tata Aig is one of the top insurers in the private sector that provides a quick and smooth claim settlement experience to all its customers. If you are looking out for health insurance that offers lifelong renewability, maternity benefits, good claim support, then Tata AIG Health Insurance is worth buying. It offers a good scope of coverage at affordable premium rates and the company is empanelled with more than 6000 network hospitals.

Even, customers are quite satisfied with the service and the products offered by TATA AIG Health Insurance. We at PolicyX.com has listed some of the reviews,

Tata AIG is a good company. the products and services launched by it are good for customers.- Naman Pandey

My friend suggested me to buy a policy from Tata AIG general insurance company. this company is good and I am fully satisfied with their services and products. - Arjun Yaduvanshi

How to Contact Tata AIG Health Insurance?

Tata AIG Health Insurance Customer Care Number - 1800 266 7780

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