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May They Live Long: Tata AIG Health Insurance for Parents
Securing your parents' future healthcare requirements with Tata AIG parents' health insurance is a promise you should fulfill for them. Health insurance not only protects them from discrepancies but also secures their finances. No matter where you live or how often you can visit your parents (if you're living in a different city/country), their medical needs will always be taken care of.
Tata AIG health insurance for parents comes under the family floater plan. It offers medical assistance for all kinds of hospitalization (pre and post, domiciliary, in-patient, outpatient), daycare procedures, preventive/annual health check-ups, and much more. Read further to understand why you should buy Tata AIG health insurance for parents, its eligibility criteria, and the plan's inclusions and exclusions.
Benefits of Tata AIG Health Insurance for Parents
Here's why you should invest in a good health insurance plan that covers your parents and provides them with comprehensive healthcare coverage:
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Financial Security
In case of a medical emergency, you or your parents will not need to worry about hefty medical bills. The insurance company will cover all expenses related to medical emergencies and treatment.
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Saving Your Family Wealth
With a health insurance policy that covers each family member, you can rest assured about other miscellaneous expenses. Instead of worrying about huge medical bills, you or the family member needing medical care can focus on healing and recovery.
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Compensation Against Income Loss
If you have covered your parents under family health insurance (for those below 60 years of age), they can enjoy a worry-free retirement. The concern of losing their income to medical expenses will not trouble their mental peace, as they are secured with all the necessary medical assistance in their golden years.
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Peace of Mind
It offers you peace of mind, as it doesn't matter whether you live with your parents or abroad; they are always covered by a health insurance policy. This makes it convenient for them to receive medical support for any emergencies at a network hospital without paying anything from their account.
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Tax Benefits
With a health insurance policy for your family and parents, you can avail of tax benefits on payable taxes under Section 80D of the Income Tax Act of 1961.
Eligibility Criteria for Buying Tata AIG Medical Insurance for Parents
Before buying health insurance for your parents, it's important to know the eligibility criteria, which are mentioned below:
| Criteria | Details |
|---|---|
| Entry Age (Min-Max) | Below 60 years (For those beyond 60 years of age, a senior citizen health policy is required, and there is no maximum age limit for it.) |
| Policyholder's Age | 18 years |
| Pre-existing Conditions | Covered after a specific waiting period |
The maximum entry age may vary from plan to plan. The accurate eligibility criteria are subject to your policy document.
Inclusions of Tata AIG Health Insurance for Parents
Tata AIG health insurance for parents covers various healthcare and medical emergency benefits, which may vary from one plan to another.
Some common inclusions are as follows:
- Covers hospitalization expenses
- Pre and post-hospitalization
- Daycare procedures
- Major surgery expenses
- AYUSH treatment cover
- Health check-ups
- Domiciliary treatment
- Renewability
- Consumable cover benefits
- Room rent
- Sum insured restoration benefit
Other inclusions are as specified in the policy document's coverage section/terms and conditions.
Exclusions of Tata AIG Health Insurance for Parents
There are multiple Tata AIG health insurance plans for parents, and exclusions may vary from one plan to another. Here are some standard exclusions (what's not covered) under Tata AIG Health Insurance:
- Cosmetic/facial or body surgery/treatment for beautification, etc.
- HIV/AIDS and STDs
- Attempted suicide or self-harm activities
- Diagnostic tests or preventive check-ups (unless specified in your policy document)
- Rehabilitation care, long-term nursing, and care-taking
- Warfare injuries, or any participation in riots/war-like situations
- Hearing impairment aids (unless specified in your policy schedule)
- Vision and dental care, physiotherapy treatment, etc. (except for conditions mentioned in the policy), plus non-medical items not listed in the policy document.
For other detailed exclusions, please refer to your policy documents.
How to Claim Tata AIG Medical Insurance for Parents?
Below are the steps you must follow for claim settlement of Tata AIG health insurance for parents:
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Step 1: Claim Intimation
You should inform the insurer about your parents' hospitalization or medical condition. For planned hospital admission, inform 24 hours before going to the hospital. In an emergency, intimate the insurer within 24 hours of hospitalization.
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Step 2: Document Submission
Fill in the claim form carefully and submit it along with the following documents to your insurer. These documents are required to be submitted along with the claim intimation form.
Documents to submit for cashless treatment:
- A copy of the health policy documents mentioning your parents' insured details
- Parents' insurance/health card
- A photo ID proof and residential proof of your parents
- Undersigned CKYC form (if their claim value exceeds INR 1 lakh)
Documents to submit for reimbursement settlement:
- A copy of the health policy documents mentioning your parents' insured details
- Parents' insurance/health card
- A photo ID proof and residential proof of your parents
- Undersigned CKYC form (if their claim value exceeds INR 1 lakh)
- A copy of your parents' hospital discharge summary/certificate
- Diagnostic test reports for hospitalization
- An undersigned medical certification from the expert/doctor
- Hospital bills and pharmacy bills
- NEFT or banking details for receiving the reimbursement amount
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Step 3: Approval Upon Verification
In this step, your insurer will verify the authenticity of the claim made for your parents' healthcare/treatment and then proceed with claim settlement initiation.
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Step 4: Cashless or Reimbursement Settlement
After confirmation with the hospital administration, the insurer will settle all medical bills directly with the hospital (for cashless treatment at a network hospital). For reimbursement claims, you need to pay the treatment bills upfront, and the insurer will transfer the amount you spent on treatment/hospitalization according to the terms of policy coverage.
Final Thoughts
Gifting your parents a good health insurance policy is a much-needed act in today's world of healthcare cost inflation. Sometimes, it becomes tough to choose which health policy to buy for parents. Tata AIG Health Insurance Company offers some of the best parents' health insurance plans; you can check them out on this page.
If you have a query related to a health insurance policy for parents, dial 1800 4200 269 to talk to our customer care executives.
