Tata AIG Health Insurance Plans for Senior Citizens

A health insurance policy is crucial to maintain a stress-free life and avail of the best medical facilities. This becomes especially important at an old age, where there are more possibilities of falling severely ill. Moreover, senior citizens can often avail themselves of special health insurance policies designed for them, such as MediSenior from Tata AIG Health Insurance. 

Benefits of the Tata AIG Health Insurance Plan

The better the benefits available under a health insurance plan, the more comprehensive and robust it is. The MediSenior plan has a plethora of very useful ones. Here are a few of the very important benefits that are available.

1. Network of Hospitals

The MediSenior plan from Tata AIG Health Insurance has a large network of hospitals spread all across the country. There are over 3000 hospitals that come under this network. Policyholders can avail of cashless treatment at these network hospitals with their policy cards. They ensure adequate and good quality treatment is administered to the insured without them having to pay out of their own pockets. 

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2. Portability

Even if you do have a health insurance policy, a shift to MediSenior might just be what is the best option for you. What’s better, you can easily transport your old health insurance policy to Tata AIG instead of having to buy a new health insurance policy. This saves the hassle of having to document and inspect everything all over again for a new policy. Moreover, buying a health insurance policy at an older age might lead you to pay higher premium rates. If you want to transfer to MediSenior, you must apply at least 45 days before the day of the renewal of the premium of the existing plan. The accrued benefits, time-bound exclusions, bonuses and more are transferred to the new policy as well. 

3. Lifelong Renewal

All health insurance policies have a certain policy period over which they provide their benefits. However, once this policy period is over, policyholders can renew their policy to extend the policy period for another set of years. At MediSenior, one can renew their policy for their entire lifetime. There is lifelong renewal available, given that all policies are paid on time and there are no untimely dues. The new premium, for the revised period, will be calculated on the basis of the renewed age band and there are no extra loadings levied due to individual claims. 

4. Tax Benefits

There are lucrative tax saving benefits available with the MediSenior health insurance plan. These tax benefits are in accord with the Income Tax Act of 1961, specifically section 80D. Family health insurance policyholders are able to avail of tax benefits up to Rs 25,000. However, for senior citizens, it is even more. Senior citizens can get discounts up to Rs 30,000. 

5. No Claims Discount

In case the policyholder withholds from making a claim against the health insurance policy, there are rewards present! Given that the policy is renewed without any break, a 5% cumulative discount is provided on the premium at the end of a claim policy free year.

Endnotes

With such a beneficial health insurance plan as MediSenior available, one must not make any compromises when it comes to healthcare. A comprehensive health insurance plan will only help you save money in the long run, as it will provide for all expenses in case of any medical emergency at any time. 

Also Read: Benefits of Arogya Sanjeevani Policy by TATA AIG

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.