Benefits Of TATA AIG Health Insurance

What is TATA AIG Insurance

The Tata Group and the American International Group have partnered to form Tata AIG General Insurance Company Limited (AIG). Since its inception on January 22, 2001, Tata AIG General Insurance Company Limited has provided 20 years of service. Over the years, the company has created a name for itself in the industry by producing several unique products and services.

Tata AIG General Insurance Company Limited offers a broad range of General Insurance covers that cater to diverse individual and commercial insurance needs within its two primary business verticals, Consumer Lines and Commercial Lines. Home insurance, auto insurance, and life insurance are just a few of the goods available. Individuals can purchase Travel Insurance, Health Insurance, and Rural-Agriculture Insurance through the Consumer Lines vertical, while businesses can purchase Property & Business Interruption Insurance, D&O, Professional, and General Liability Insurance, as well as specialty products like Reps & Warranties and Environmental Insurance through the Commercial Lines vertical. Every product is backed by the professional experience to assist the customer throughout the relationship. Tata AIG General Insurance Company Limited has a powerful claims team, with over 400 in-house professionals scattered throughout 90 offices across India. The customer service team, which is the company's face to the public, is made up of 450 people who work out of offices all around India.

Benefits Of TATA AIG Health Insurance

Tata AIG General Insurance Firm Limited's fundamental strength now is in three product categories: travel insurance, marine insurance, and liability insurance, and the company aspires to be the industry's most desired general insurance company. Tata AIG General Insurance Company Limited is developing its general insurance penetration in India through different key partnerships with prominent business names from various industries to realize its objective of being the most preferred general insurance company.

TATA AIG General Insurance Company Limited has an AUM of approximately Rs. 14,295 Cr (as of September 30, 2020) and a workforce of over 6220 personnel spread across 200 branches across India. The company's goods are distributed through a variety of channels, including agency, which has a combined strength of 40,000+ licensed agents, and broking, which has 437 licensed brokers. The Bancassurance & Affinity team is in charge of forming and maintaining relationships with banks, non-bank financial companies (NBFCs), housing finance companies (HFCs), and other affinity partners. Tata AIG General Insurance Company Limited is also expanding its internet presence and has launched a strategic program named "Go Digital" to make purchasing insurance products in the digital realm easier. It streamlines the process from sale to policy issuance.
In May 2014, the firm developed the 'Tata AIG Academy,' to become a center of excellence in learning in the General Insurance area, to assist its distributors in considerably increasing their insurance knowledge. Its purpose is to match training programs with Tata AIG General Insurance Company Limited's strategic business and developmental needs, as well as to equip workers and partners to flourish in a fast-changing competitive environment.

Also Read:- TATA AIG Health Insurance


Benefits Of TATA AIG Health Insurance

TATA AIG is dedicated to providing you with the best possible service. Here are a few reasons why our health insurance plan is the best option for you:

No Sub-Limit on Hospital Room Rent

Our health insurance plans give you the option of having the upper limit on your hospital rent expenditures abolished as long as the expense is covered by the plan's sum insured. As a result, you can receive treatment in a hospital room without having to worry about paying for the room out of pocket.

No Co-Pay

You can remove the room rent limit if you have TATA AIG medical insurance coverage. This means you can choose the nicest hospital room for your treatment without having to worry about out-of-pocket costs. You don't have to be concerned as long as the amount is covered by your sum insured.

Maternity Cover

The Tata AIG Maternity Cover was created to help you financially at this special time in your life. You are eligible for a maternity expense reimbursement of up to 50,000 under this policy, which can be increased to 60,000 if your kid is a girl. The number of pregnancies covered by this feature is unlimited; however, the maternity benefit is only active four years after the start of your health insurance plan with us.

Pre & Post Hospitalization Cover

Pre-hospitalization expenses incurred 30 to 60 days before your admission to a hospital, as well as post-hospitalization expenses incurred 60 to 90 days following your departure from the hospital, are covered if you are insured under the Tata AIG Medicare line of health insurance products. Keep in mind that these restrictions differ from one plan to the next.

Cover For Pre-Existing Illnesses

When you buy a Tata AIG health insurance policy, you obtain coverage for pre-existing conditions, but only once the waiting period has passed. This pre-existing sickness waiting time normally begins two to five years after the health insurance policy is purchased.

Cashless Claims

We've reached out to a large number of people. We've partnered with more than 7200 hospitals around the country to provide cashless claims. Simply let us know about your treatment a few days ahead of time, or as soon as possible if it's an emergency, and we'll take care of the payment.

Tax Benefits

Section 80D of the Income Tax Act of 1961 exempts the premium you pay when you buy medical insurance from taxes. You can claim a maximum deduction of INR 25,000 if the insured individuals are under the age of 60. You can claim an additional INR 50,000 discount if you also buy coverage for an older parent above the age of 60. Please keep in mind that tax benefits are subject to change as a result of changes in income tax regulations. Please keep in mind that tax benefits are subject to change as a result of changes in the Internal Revenue Code.

Ambulance Cover

In the event of an emergency, our health insurance coverage will cover the cost of an ambulance to transfer you or another insured person to the nearest hospital.

No-Claim Bonus

You are eligible for a cumulative bonus if you do not make any claims against your medical insurance coverage in a single year. In other words, we'll boost your insured amount while keeping your health insurance premiums the same. As a result, you'll get more coverage for the same price. We'll boost the money insured by a set percentage for each year without a claim.

AYUSH Cover

You're covered by the Tata AIG Medicare line of health insurance policies not just for modern medical procedures, but also for Ayurveda, Yoga, Naturopathy, Unani, Sidhu, and Homeopathy treatments (AYUSH).

Cover For Daycare Procedures

A Tata AIG health insurance plan's health insurance benefits also include coverage for daycare treatments, which are medical procedures that require a hospital stay of fewer than 24 hours. More than 540 childcare procedures are covered with our Medicare and Medicare Protect plans.

Benefits Of TATA AIG Health Insurance

COVID-19 Cover

Given the severity of the continuing COVID-19 pandemic, you are covered for COVID-19 medical expenses with Tata AIG health insurance coverage. We've got your back if you're diagnosed with the virus.

Hospitalization Expenses

The Tata AIG health insurance policies cover you for hospitalization expenditures incurred for the treatment of any medical condition or accident covered by the plan and are not expressly excluded in the policy wordings.