TATA AIG Health Insurance

Tata AIG is a renowned name in the Indian insurance market. This is a leading general insurance company in the country. The company was established back on 22nd January 2001 and has successfully touched several noteworthy milestones, becoming a household name since. This is a successful conglomeration between Tata Group and American International Group Inc., a multinational insurance corporation. In this article, we will highlight Tata AIG’s health insurance products.

1). Accident Guard Policy

• The Accident Guard policy is a one-of-a-kind plan that offers coverage for accidental death, accidental dismemberment, permanent total loss of use, temporary total disability, and tuition benefit
• This policy provides coverage up to the full sum insured in the event of death or permanent/temporary total disability caused by a bodily injury resulting from an accident
• The policy is valid for a period of 1 year and across the world.

2). Accident Shield Policy

• The Accident Shield policy offers coverage for accidental death, total and partial permanent disability, and educational benefits
• The policy can be availed for a period of 1 year, 2 years or 3 years, as you wish
• The policy can be purchased for families, including the policyholder, spouse, and up to two children, with premium rates proportional to the sum insured, i.e., 100%, 50% and 25% of sum insured respectively.

3). Janata Personal Accident Policy (Individual)

• Janata Personal Accident Insurance is a insurance available for individuals regardless of their profession or income
• The policy provides coverage for the insured's death and permanent disability.
• Janata Personal Accident Policy (individual) Microinsurance Product
• This is an accident cover plan that offers to pay out up to the full sum insured in the event of an accident that lead to any kind of disability
• The policy is available both as individual and family floater plan for a period of 1 to 3 years
• In the case of a family plan, the policy provides 100% coverage for the policyholder, 50% coverage for a non-working spouse, and 25% coverage for each child (up to 2 children).

4). Maharaksha Personal Injury Plan Policy

• The MahaRaksha Personal Injury Insurance Policy provides coverage against injuries and hospitalisation resulting from accidents
• The policy pays 100% of the principal sum in case of accidental death of the policyholder or a percentage of the principal sum in the event of dislocation, burn, or fracture
• The policy is available for a period of 1 year and is renewable for lifetime.

5). Saral Suraksha Bima

• Saral Suraksha Bima is a government-initiated personal accident insurance
• In case accidental death or total disability, 100% of the sum insured is paid while for permanent partial disability, a percentage of the sum insured is paid
• The policy can be available only for 1 year.

6). Secured Future Plan

• This plan guarantees a monthly income providing protection against future financial uncertainty and serious financial issues
• The plan offers flexible options with monthly income benefits ranging from INR 10,000 to INR 35,000 for a fixed period between 5 to 20 years
• The plan guarantees a monthly income that is not affected by market risks.

Some of the most significant family health insurance plans offered by Tata AIG include the following:

1). TATA AIG Medicare

• Tata AIG Medicare is a health insurance plan that provides all round care for you and your family's health, including Covid-19
• This is an affordable comprehensive health insurance plan that provides sum insured between INR 3 lakhs to INR 20 lakhs
• The policy is available in three variants- Tata AIG MediCare, Tata AIG Medicare Premier, and Tata AIG Medicare Protect.

2). TATA AIG MediCare Premier

• Tata AIG MediCare Premier is a health insurance plan that covers the cost of all medical emergencies including dental care
• The comprehensive policy offers sum insured between the range of INR 5 lakhs to INR 50 lakhs
• The plan offers restore benefits that restores the 100% of sum insured for you and your family.

3). TATA AIG MediCare Protect

• Tata AIG MediCare is a robust health insurance policy for you and your family that comes with a wide ranges of features and benefits
• The policy offers coverage between INR 2 lakhs to INR 5 lakhs
• The policy provides coverage for a range of healthcare costs including in-patient hospital stays, ambulance fees, organ donor expenses, home hospitalisation expenses, AYUSH treatments, pre and post-hospitalisation expenses, travel expenses for medical care, etc.

When considering a health insurance plan, there are several compelling reasons to consider a Tata AIG policy. Some of the key benefits of these plans include:

No Room Rent Limit

• Hospital room rent is not subject to any sub-limits under the Tata AIG health insurance plans, which offer coverage up to the maximum sum insured limit.

No Co-Pay

• The absence of a co-payment clause in these health plans helps to lower policyholders' out-of-pocket costs during the claim settlement process.

Hassle-free Claim Process

• With a team of over 650 claim experts, Tata AIG is able to efficiently settle claim requests that are filed through a simple online process with minimal paperwork.

Round-the-Clock Customer Assistance

• The insurer provides a dedicated customer support team to assist the policyholders round the clock for 7 days a week.

Tax Benefits

• Premiums paid for your Tata AIG health insurance policy are eligible for tax deductions under Sec 80D of the Income Tax Act.

The process of filing a claim with a Tata AIG health Insurance Plan are as follows-

I). Cashless Claim Process

• Contact the network hospital's insurance unit and confirm your identity
• Next, fill out the pre-authorization form and submit it
• The documents will be examined and the cashless claim will be approved by Tata AIG as the company does not have a Third Party
• Administrator (TPA) and they manage claims in house
• Your claim will be handled by a field executive from the insurance company.

II). Reimbursement Claim Process

• Upon discharge, pay all hospital bills and collect original documents
• Submit a duly filled and signed reimbursement claim form and required documents, including:
• All hospital and medicine bills
• Medical and consultation reports
• Any other necessary documents in original form, to the insurer or TPA claims team.
• The claim will be reviewed by the insurer and cleared in accordance with policy terms and conditions.

We have crafted a comprehensive list of some of the most important health insurance plans offered by TATA AIG, each being different from the others. Before you settle for any particular plan, you must do your research and homework about it to know the details well and then decide to proceed accordingly.