Tata AIG Health Insurance Benefits

A few of the unique features of Tata AIG Health Insurance Plans are:

• Sum Insured: The insurer provides a specific amount to the policyholder for healthcare costs and treatment based on the selected plan.
• Critical Illness Coverage: Covers cost for specific critical illnesses, including cancer, renal failure, paralysis, etc.
• Pre- and Post-Hospitalisation Expenses: This plan covers any medical expenses that an insured individual incurs 30 to 60 days before hospitalisation and 60 to 90 days after discharge from the hospital.
• Cover for Ambulance Services: Under the health plan, the policyholder gets complete coverage for emergency transit to a hospital.
• Cover for Daycare Procedure: The policy covers the cost of daycare procedures, treatments, and surgeries even if an individual visits the hospital for minor treatment or gets involved in medical procedures that do not demand 24-hour hospitalisation.
• Add-Ons: This feature allows policyholders to enhance their existing coverage plan. Global cover, personal accident cover, emergency air ambulance, and many more benefits are available to choose from as add-ons.
• Number of Network Hospitals: Tata AIG Health Insurance has partnered with 11,000+ network hospitals that provide cashless hospitalisation facilities. With this feature in hand, an insured individual can access treatment without any financial stress in both normal and emergency medical situations.
• Coverage for Pre-Existing Diseases: These health plans cover ailments, injuries, or medical conditions that the insured individual had before policy purchase. With this feature in hand, a policyholder can get coverage for their treatment without any delay but need to serve a 2-4 month waiting period depending on their selected plan.
• No-Claim Bonus - Allows policyholders to get an additional sum insured as a reward for every claim-free year.

Here are a few benefits of purchasing a Tata AIG Health Insurance policy:

• Consumables Cover: Along with hospitalisation expenses, the policy covers the cost of surgical or medical equipment or products used directly for your treatment.
• No-Copay: By purchasing a Tata AIG health insurance plan, you gain the option to waive the room rent cap. In short, even if you choose a bigger room in the hospital, you don't need to pay any cost from your pocket as the entire amount will be covered by your sum insured.
• Tax Benefits: Apart from the coverage benefits, Tata AIG offers tax benefits to insured individuals who pay premiums for their health insurance plans. Under Section 80D of the Income Tax Act, people below age 60 years are eligible for tax deductions up to 25000. While people who pay premiums for health insurance plans for senior citizens can claim deductions up to INR50,000.
• Cashless Treatment: Tata AIG has a tie-up with 11000+ network hospitals in India that provide cashless hospitalisation. With this facility, any policyholder can receive treatment from network hospitals without any financial stress or burden during emergencies as the insurance company directly settles your bills with the hospital.
• Discount Offers: Purchasing a Tata AIG Health plan brings you heavy discount offers on premiums. For example, if you choose to purchase a Medicare health insurance policy from Tata AIG for a 2-year period, you will receive a 5% premium discount.

Ques 1: What are the benefits of Tata AIG Health plan?

Ans: Tata AIG health plan comes with various benefits, including coverage for hospitalisation expenses, critical illness, cashless treatment, tax benefits, etc.

Ques 2: Does Tata AIG policy offer premium discounts?

Ans: Yes, there are different discount offers available for Tata AIG health policyholders. For example, if you buy a 2-year Medicare policy from Tata AIG will offer a 5% discount on premium and 10% for a 3-year policy.

Ques 3: Is it possible to receive cashless benefits in a non-network hospital?

Ans: No, you cannot avail of cashless benefits at non-network hospitals.

Ques 4: Can I claim tax benefits if I pay premiums for my parents?

Ans: Yes, you are eligible for tax deductions up to 50,000 if you pay for senior citizens. If the person is below 60 years and you pay the premium, you will gain tax benefits up to 25000.

Ques 5: What is the waiting period for pre-existing medical conditions?

Ans: Generally, a 2–4 month waiting period is provided for pre-existing medical conditions.

Ques 6: Does Tata AIG's health policy cover overseas treatment?

Ans: Yes, you can get coverage for overseas treatment if you apply for global cover as an add-ons. It is best to consult your insurer for details about the coverage and related benefits.

Ques 7: Are medical check-ups mandatory every year to avail of Tata AIG health benefits?

Ans: If you timely renew your policy and there is no breakage in your cover, you do not have to take medical check-ups each year. But, in some cases, based on the medical history and age factor, the insurer can request for a medical check-up.

Ques 8: Is there any option to increase my sum insured during the mid-policy year?

Ans: No, an insured individual cannot increase their sum insured in the mid-policy year, however, at the time of renewal you can customise your policy.

Ques 9: Is there an option to include family under a single policy?

Ans: It is best to select a family floater health plan if you want to include multiple members of your family in a single policy.

Ques 10: Will my expenses get covered if I get hospitalised for less than 24 hours?

Ans: Yes, Tata AIG health plans provide coverage to more than 541 daycare procedures that do not require 24-hour hospitalisation.