TATA AIG Health Insurance

What is TATA AIG Insurance?

Tata AIG General Insurance Company Limited is a Tata Group and American International Group joint venture (AIG). Tata AIG General Insurance Company Limited, which began operations in India on January 22, 2001, will mark 20 years of service in 2020. With multiple pioneering firsts to its credit, the firm has developed rapidly to become India's premier private general insurance company.

Tata AIG's broad portfolio of protection covers is backed by years of professional expertise in product offerings, exceptional service capabilities, and seamless claims process... management, and is driven by a mission to create better tomorrows for Customers by delivering trustworthy and innovative risk solutions. The company provides a complete range of general insurance products for businesses and people, including Liability, Marine Cargo, Personal Accident, Travel, Rural-Agriculture Insurance, Extended Warranty, and more. The asset base of Tata AIG General Insurance Company Limited is around INR 10,050 crores (as of 31st March 2019). The Company has a powerful multi-channel distribution network of 40,000+ licensed hospitalization licensed agents and 437+ licensed brokers scattered over India, with 200 offices. As of March 2019, the Company employs over 6,000 people, including 550+ claim experts and a dedicated Customer Service & Operations team, all of whom are committed to providing outstanding service experiences through the use of cutting-edge technology.

TATA AIG Health Insurance

TATA AIG Health Insurance

Health Insurance (COVID-19 Covered)

A health insurance policy is a product that protects you from the financial consequences of a wide range of health-related expenses, from minor illnesses and injuries to serious illnesses. As a result, health insurance coverage and the cumulative Bonus serve as a financial safety net in the event of a big medical bill.

Selecting appropriate medical insurance is complicated, but it is critical if you want to be well prepared for any unexpected or, in some situations, foreseen medical bills. Assume you've been diagnosed with a significant medical condition that necessitates ongoing therapy, hospitalization, and/or surgery. Take, for example, the spread of COVID-19 in India, and consider the numerous charges you'll have to deal with if you're diagnosed with COVID-19.

You wouldn't want to allow your medical bills to dig a huge hole in your funds or put you in a financial bind to pay those payments in such a case, would you? As a result, it is critical to purchase a good health insurance plan, select the appropriate sum insured, pay the required payment, and become insured as soon as possible, and we can assist you with this.


Also Read:- Benefit of TATA AIG Health Insurance


Why Do I Need Health Insurance?

There is so much unpredictability around one's health than having any control over health-related spending is nearly impossible. However, by purchasing an appropriate health insurance plan, you can obtain some control and security over your and your family's medical bills. There are many ways to answer the question "why do you need health insurance," and here are a few of them:

Changing Lifestyle

The spectrum of health-related risks we are exposed to has greatly widened as a result of the ever-increasing pressures of modern-day lifestyle. There is no shortage of maladies that can lead to significant medical costs, ranging from lifestyle disorders like obesity and eating disorders to pollution-induced conditions like asthma.

In addition to physical disorders, the continual stress of today's competitive world has resulted in a significant increase in mental health issues, which is why purchasing a comprehensive health insurance plan for yourself and your family is vital.

Rising Medical Costs

In recent years, medical inflation in India has not only maintained pace with retail inflation but has outpaced it by a wide margin. Medicines, medical examinations, hospitalization, and procedures continue to climb in price. Paying the minimal health insurance premium and becoming covered makes more sense than paying for those excessive medical bills out of your own pocket. As a result, it's vital to get yourself covered by a health insurance policy to ensure your financial security during and after a medical emergency.

Tax Benefits

Not only does health insurance protect you from the financial consequences of a medical emergency, but it also provides you with considerable tax benefits. While health insurance premiums paid by senior citizens are entitled to a tax deduction of up to 50,000, premiums paid by individuals under the age of 60 are only eligible for a tax deduction of up to 25,000 under Section 80D of the Income Tax Act, 1961. # Please keep in mind that tax benefits are subject to change as a result of changes in the Internal Revenue Code.

COVID-19 Cover

The status of the planet during the last two years has been nothing short of extraordinary. With the varied effects of the current global COVID-19 pandemic, purchasing suitable health insurance coverage is more important than ever. Coronavirus is covered by the Tata AIG health insurance plan.

Provides Cashless Treatment

The process of dealing with a medical emergency has gotten slightly easier thanks to the availability of cashless medical insurance. You may get cashless treatment at any of our 7,200+ hospitals around the country without having to make a health insurance claim and wait for your expenditures to be reimbursed.

Includes a Cover for Pre-existing Diseases

Most health insurance policies provide coverage for pre-existing conditions; however, this coverage is normally activated once a waiting time has passed. As a result, if you need coverage for a pre-existing condition right away, you'll need to choose a health insurance plan with a short waiting period. After the plan's three-year term expires, the Tata AIG health insurance benefits include coverage for pre-existing illnesses.

Covers Ambulance Expenses

The Tata AIG health insurance policies have you covered when it comes to ambulance costs. As a result, you won't have to be concerned if you require emergency transportation to a hospital. We are accessible to serve you 24 hours a day, 7 days a week, 365 days a year. We may be reached at 1800-266-7780. We can also be reached via WhatsApp at +91-9136160375.

Covers Pre-hospitalization and Post-hospitalization Expenses

A health insurance plan will cover the medical expenses you may spend as a result of your pre-hospitalization and post-hospitalization stays. Your specified sum insured covers medical expenditures generated 30 to 60 days before your hospitalization and 60 to 90 days after your discharge from the hospital if you are insured under the Tata AIG Medicare and Medicare Protect Health Insurance Plans. The specific coverage will vary depending on the health insurance plan you choose and the price you pay.

Provides the Option of Additional Sum Insured

One of the most important health insurance benefits of a Tata AIG health insurance plan is that for every claim-free year, you can earn a cumulative 'No-claim Bonus,' which entails an increase in the sum insured under your health insurance plan without a corresponding increase in your health insurance premium. As a 'No-claim Bonus,' you can obtain a 10% to 100% additional sum insured for each policy year without a health insurance claim with our Medicare health insurance plans and variants.

TATA AIG Health Insurance

Advantages Of TATA AIG Health Insurance

Tata AIG's health insurance plans have several fantastic characteristics that make them a good fit for your health insurance needs. The following are some of the key elements of a Tata AIG health insurance policy:

Cashless Hospitalization In India

By choosing Tata AIG as your health insurance partner, you will have access to a network of over 7,200 hospitals across India, as well as cashless hospitalization. Medical insurance claims do not need to be filed or followed up on because we cover medical expenses and bills directly with network hospitals.

Substantial Cumulative Bonus for Claim-free Years

Depending on the plan you choose, you can receive a cumulative bonus ranging from 10% to 100% on the total insured for each policy year that does not include a health insurance claim. This bonus allows you to raise the amount insured under your health insurance plan without having to pay any more premiums.

Round The Clock Assistance

We've made it our goal to anticipate all of your needs. We always put your needs ahead of our own and strive to exceed your expectations. We provide customer service 24 hours a day, seven days a week, so even if your phone is in the middle of the night with an emergency, we'll be there for you!

A TATA Promise

Tata has always been associated with reliability, quality, and outstanding customer service. We take our responsibilities extremely seriously and strive to provide you with prompt and high-quality services 24 hours a day, seven days a week.

Your Safety Is Our Priority

At Tata AIG, we cherish your trust so much that we go to great lengths to maintain the security and privacy of your data, including your personal information and payment information. At both our website and our offices, you can count on a secure and transparent transaction.

High Claim Settlement Ratio

We, at Tata AIG, have reasserted our ever-growing dedication to client service and assistance with a health insurance claim settlement ratio of 94.21 percent for the financial year 2020-2021. In addition, we provide a simple and rapid claim settlement process.

Save On Taxes

It may appear frivolous, but one of the best reasons to have health insurance is to save money on taxes. Section 80D of the Income Tax Act exempts premiums paid to maintain a TATA AIG health insurance policy from taxes. You can claim up to INR 25,000 per year if you have purchased a health insurance plan for yourself, your spouse, or your children. You can claim an additional deduction of INR 50,000 per year if you purchase a health insurance plan for your parents who are above the age of 60. # Please keep in mind that tax benefits are subject to change as a result of changes in the Internal Revenue Code.

Paperless Policies

Say goodbye to long lines to purchase or renew health insurance. You may choose, compare, and buy excellent health insurance coverage from the comfort of your home, office, or a weekend getaway with the Tata AIG Medicare line of health insurance products.

We live up to our motto of "With You Always" and are dedicated to providing you with help 24 hours a day, 7 days a week, 365 days a year for policy acquisition, renewal, premium payment, claim filing, and claim to track. You can acquire your policy materials through email or WhatsApp, and you can contact us if you have any questions.

It's Raining Discounts

When you acquire a Tata AIG health insurance policy, you do not only get comprehensive coverage from one of India's most reputable brands, but you also enjoy fantastic discounts. If you purchase one of our Medicare or Medicare Protect health insurance policies for two years, you will receive a 5% reduction on the premium. Similarly, if you choose a Tata AIG Medicare or Medicare Protect health insurance plan for three years, you will receive a 10% discount on the policy's cost. Furthermore, if you choose our family floater health insurance plan, the greater the number of family members you add to the plan, the greater the premium savings you will receive. For two family members, you can get a 20% reduction on the cost for a family floater health insurance plan, a 28% discount for three family members, and a 32% discount for more than three family members.

TATA AIG Health Insurance

What’s Not Covered Under TATA AIG Health Insurance?

Many medical procedures are covered by Tata AIG health insurance, although there are some exclusions. We are an open and honest firm, and we want you to know what we don't cover.

Exclusions

Medical exclusions:

  • Unless it is necessary as part of medically necessary treatment recognized by the attending Medical Practitioner for reconstruction following an accident, cancer, or burns, you should avoid plastic surgery or cosmetic surgery during your lifetime.
  • Rest cure, sanatorium treatment, rehabilitation measures, private duty nursing, respite care, long-term nursing care, or custodial care are all examples of treatment options.
  • All vaccinations, including inoculations and immunizations (save for post-bite treatment and other vaccines explicitly covered);
  • Unless approved by the attending Medical Practitioner as a direct result of an otherwise covered claim, hospitalization solely for enteral feedings (infusion formulae via a tube into the upper gastrointestinal tract) and other nutritional and electrolyte supplements are not covered.
  • Chelation therapy, Hyperbaric Oxygen Therapy, Rotational Field Quantum Magnetic Resonance (RFQMR), External Counter Pulsation (ECP), Enhanced External Counter Pulsation (EECP), Rotational Field Quantum Magnetic Resonance (RFQMR), External Counter Pulsation (ECP), Enhanced External Counter Pulsation (EECP), Rotational Field Quantum Magnetic Resonance (RFQMR), External Counter Pulsation (ECP), Enhanced External Counter Pulsation

Non-Medical Exclusions:

  • Charges incurred in a Hospital largely for diagnostic, X-ray, or laboratory examinations that are not consistent with or incidental to the diagnosis and treatment of the positive existence or presence of any Illness or Injury that necessitates hospitalization.
  • Foodstuffs (excluding patient's diet), cosmetics, hygiene articles, body care products and bath additives, barber or beauty service, and guest service are examples of personal comfort and convenience items.
  • Doctor's fees charged by a Medical Practitioner who shares the same house as an Insured Person or who is an immediate relative of an Insured Person's family, treatment delivered by a Medical Practitioner outside his field
  • A complete list of benefits and exclusions can be found in the policy document.

TATA AIG Health Insurance

Does Heath Insurance Cover Covid-19?

The pandemic hit the entire planet like a ton of bricks, yet everyone quickly learned to adapt. Apart from sanitizing your hands, donning a face mask, and maintaining social distance, it's also important to check your health insurance coverage. And, because of the virus's infectious nature, several days of medical observation in a hospital can be quite costly! However, with Tata AIG's coronavirus insurance, you can protect yourself and your loved ones.

The Tata AIG COVID health insurance, with its high sum insured at low rates and extended hospitalization coverage, is designed to help you make up for lost income caused by protracted hospitalization.

Tata AIG offers COVID insurance, which is a recent addition to our portfolio of health insurance products, to keep up with the moderate but impending hazard of coronavirus infection. COVID health insurance was designed with the medical and financial problems that you and your family may encounter in the event of an unexpected emergency in mind.

In general, growing medical costs can make it difficult to obtain high-quality medical care. Our COVID-19 insurance plan, on the other hand, includes a slew of advantages that cover hospitalization costs, cashless treatment, and more to ensure that you don't have to confront any financial or medical issues without proper support.