Tata AIG Medicare Health Insurance

What is Tata AIG Medicare Health Insurance

Medical emergencies don't give you a heads up before they strike. You will almost certainly confront a health emergency at some point in your life, no matter how careful you are or how healthy you attempt to be. Aside from the actual physical problem, a medical emergency can also cause mental and financial stress. That is why having a health insurance policy is so important.

You won't have to worry about the high medical expenditures connected with receiving quality treatment if you have Tata AIG's Medicare health insurance policy. Our policy will cover you not just while you're in the hospital, but also for treatments needed before and after your stay. Don't be concerned if you test positive for COVID-19.

The cost of COVID-19 treatment will also be covered by our health insurance policy.

Tata AIG Medicare Health Insurance

We also recognize that each person is unique. As a result, we provide three different health insurance policy options:

Tata AIG Medicare

This cost-effective coverage provides you with all of the benefits you'll need to deal with any medical emergency that may arise. TATA AIG Medicare provides global coverage as well as coverage for bariatric surgery! You can choose your sum insured based on your demands. Under the TATA AIG Medicare health insurance plan, we offer amounts as little as INR 3 lakhs and as high as INR 20 lakhs.

Tata AIG Medicare Premier

TATA AIG Medicare Premier is the ideal choice for you if you want increased, all-around protection. This health insurance policy covers high-end diagnostics, OPD dental care, emergency air ambulance, and more, in addition to everything covered by our Medicare plan. TATA AIG Medicare Premier offers sum insured amounts as low as INR 5 lakhs and as high as INR 50 lakhs.

Tata AIG Medicare Protect

TATA AIG Medicare Protect is the best plan for people who are worried about the price of a hospital stay. This health insurance policy covers both pre-and post-hospitalization costs, so you can concentrate on getting better rather than worrying about hospital fees.

Why Do I Need Health Insurance?

According to a report published in December 2018, only 44% of Indians had health insurance. This means that more than half of the population is without health insurance. If you haven't yet obtained health insurance coverage, consider the following reasons why you must have medical insurance:

  • Changing Lifestyles

The environment in which we live is always changing. Today, we are confronted with rising levels of pollution and demanding work schedules, both of which put us at risk for a variety of health problems. A good health insurance policy will allow you to look after yourself without going broke.

  • COVID-19 Cover

The recent epidemic demonstrated the need of having adequate health insurance. When you have a good medical insurance policy, you can rest assured that even if you are diagnosed with COVID-19, you will be taken care of.

  • Rising Medical Cost

If you've been going to the doctor regularly, you've probably noticed that the cost of medical procedures and check-ups has risen over time. Getting a good medical insurance policy while you're still young and in excellent health is the simplest method to stay up with rising healthcare expenditures.

  • Tax Benefits

The health insurance tax benefits are a fantastic motivation to purchase a health insurance policy, even if it seems frivolous. 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 purchased a medical 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.

Tata AIG Medicare Health Insurance

Advantages Of Tata AIG Health Insurance

  • We Have A Wide-Reaching Network

It's simple to make cashless claims with Tata AIG's health insurance policy. We've partnered with over 7,200+ hospitals across India, ensuring that no matter where you are, you'll be close to a network hospital. You won't have to break a sweat if you can't get to one of our network hospitals in the odd event that you can't get to one. You can acquire the treatment you require at any reputable healthcare center.

  • Save On Taxes

The premium you pay for medical insurance can be deducted from your taxable income under Section 80D of the Income Tax Act of 1961. A maximum deduction of INR 25,000 is available for insured individuals under the age of 60. You can claim an additional deduction of INR 50,000 if you bought coverage for a parent over 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. Please keep in mind that tax benefits are subject to change as a result of changes in the Internal Revenue Code. # Please keep in mind that tax benefits are subject to change as a result of changes in the Internal Revenue Code.

  • Paperless Policies

We live in a digital, fast-paced world, so we appreciate the importance of having all of your documents with you at all times. We'll email you a soft copy of your health insurance policy as soon as it's available. You can present the digital copy to the TPA at the hospital, and we'll begin the process of filing your health insurance claim. You don't need to carry a piece of paper or a card with you to prove you've purchased our health insurance plan!

  • A TATA Promise

TATA's 150-year tradition and trust are reflected in our health insurance coverage. For over 20 years, we've kept our promise to look after you, your health, and your finances as an insurance business! When we make a commitment, we follow through.

  • Safe And Secure

Your privacy and data are important to us. Our website provides a secure environment for you to enter your information and make payments for your health insurance premiums. We guarantee that your personal and financial information will be kept completely private at all times. To find out how much your health insurance premium will be, use our premium calculator.

  • High Claim Settlement Ratio

We're sure you'd like to know how likely you are to collect your payout if you file a valid claim before you buy or renew your health insurance policy. We're proud of our numbers, to be sure. We settled 94.21 percent of the health insurance claims we received in FY19-20.

  • 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!

  • Factors to Check While Comparing Health Insurance Plans

Purchasing medical insurance is not a simple task. We're sure you've spent hours searching the internet for the ideal health insurance package. Here are some crucial considerations to consider while choosing the best health insurance plan for your needs to assist you to make your decision. Check out our health insurance comparison guide for a more in-depth look.

  • The Sum Insured

Medical treatments are growing increasingly pricey. You'll want to choose a health insurance policy that provides a lot of coverage without breaking the bank.

  • Waiting Periods

A few different waiting periods will be specified in each health insurance coverage. The first is the initial period of waiting. This is the amount of time you must wait after acquiring health insurance coverage before filing a non-accidental claim. The second is a pre-existing disease waiting time. This can last anywhere from two to five years. You should assess your options depending on whether or not you have a pre-existing ailment. For some illnesses, there is a third waiting time. After a few years of coverage, several health conditions such as hernias and ENT diseases will be covered. In most cases, there is a two-year waiting time for these difficulties. Maternity coverage has a final waiting time. Maternity expenditures are usually only covered after a few years on most health insurance coverage. This is something to think about if you're thinking about starting a family.

  • Age Limits

Some health insurance policies include a maximum age at which a person can be covered. Before making a selection, check to see if your medical insurance policy allows for life-long renewals.

Tata AIG Medicare Health Insurance

  • Network Hospitals

Check the list of network hospitals that your preferred medical insurance carrier has partnered with if you want to take advantage of the convenience of cashless claims. Examine the list to see if your favorite hospital is included.

  • The Add-ons and Riders Available

Along with your medical insurance policy, you may want to purchase a few add-ons or riders to guarantee you have the best available protection. For a modest fee, an add-on provides additional coverage that is applied to your total premium. Look for add-ons that will help you meet your health goals.

  • The Claim Settlement Ratio

Another crucial factor to consider when purchasing or renewing your medical insurance coverage is the claim settlement percentage of the insurance company. The ratio indicates how many claims they have settled compared to the total number of claim inquiries they have received. TATA AIG is dedicated to delivering on our pledge to look after you, your health, and your finances. We settled 96.21 percent of the health insurance claims we received in FY19-20.