Tata AIG General Insurance Company Limited is a collaboration between the Tata Group and the American International Group (AIG). Tata AIG General Insurance Company Limited commemorates more then 20 years of service since its inception in India on January 22, 2001. With multiple pioneering firsts to its credit, the firm has developed rapidly to become India's premier private insurance provider. 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. It is driven by a mission to create better tomorrow for customers by delivering reliable and innovative technology.
Tata AIG has won many awards due to their excellent work in the insurance industry. Let’s glance:
- Claims Awards Asia 2013 named TATA AIG the "General Insurer Claims Team of the Year."
- TATA AIG's Health Insurance Cover MediPrime was named Best Product Innovation in the Health Sector.
- Asia Insurance Review, Singapore, named TATA AIG General Insurance Company the Best Employer of the Year.
- CNBC Awaaz Travel Awards 2013 named Tata AIG the "Best Travel Insurance Company of the Year."
Tata AIG Insurance Company at a glance,
Tata AIG is a large insurance firm that provides a wide range of health products. The following are the company's key specifications:
| Particular | Specifications |
|---|---|
| Network Hospitals | 7200+ |
| Incurred Claim Ratio (2020-21) | 67.27 |
| Claim Settlement Ratio (less than three months) (2020-21) | 90.78 |
| Solvency Ratio (2020-21) | 2.22 |
| Equity Share Capital(2020-21) | 944.46 |
*Data was obtained from the IRDAI 2020-21 annual report.
Key Features of Tata AIG Health Insurance
Tata AIG Health Insurance Company has various features. The preceding table displaying good values can also provide helpful information. Now, let's take a look at some of the company's key characteristics.
Network Hospitals
Every insurance company chooses a network of hospitals, clinics, and medical specialists that charge its clients a cheaper rate. In exchange, hospitals receive additional patients who are referred to them via the insurance company's network. With Tata AIG, you will get 7200+ network hospitals, which is a good number.
Market Share
A company's market share is the total number of policies sold and premiums collected in a given year. Tata AIG's capitalisation is appropriate for its size and nature of activities. The company's net value was INR 2985 crore as of March 31, 2021.
Claim Settlement Ratio
The claim settlement ratio for health insurance is the percentage of claims settled versus claims submitted with an insurance company. It is a common statistic for rating insurance firms, making it one of the most important aspects for clients to consider when choosing insurers. Tata AIG has a CSR of 90.78%.
Solvency Ratio
Solvency ratios examine a company's ability to fulfil long-term obligations, such as debt and interest on the debt. It is one of several financial indicators that may be used to assess a company's overall health. Tata AIG has a decent 2.22 solvency ratio.
Health Insurance Plans Offered By Tata AIG Insurance
Tata health Insurance provides a variety of insurance products. So, let's have a look at all of the designs that are divided into three groups.
Individual and Family Health Insurance Plan
 |
Tata AIG MediCare Plus Plan |
Coverage Benefits
- Higher Cumulative Bonus
- AYUSH Benefits
- Domiciliary Treatments
Eligibility Criteria
Entry Age: 91 Days - 65 Years
Sum Insured: Upto 1 Crore
|
TATA AIG Wellsurance Women Policy |
Coverage Benefits
- ICU Expenses
- Transportation
- Hospital Cash Benefits
Eligibility Criteria
Entry Age: 18 - 65 Years
Sum Insured: Upto 1 Crore
|
TATA AIG Wellsurance Family Policy |
Coverage Benefits
- Daily Cash Allowance
- Critical Illness Covered
- convalescence benefit
Eligibility Criteria
Entry Age: 6 Months - 65 Years
Sum Insured: 1 Crore - 3 Crores
|
Tata AIG MediCare Protect Plan |
Coverage Benefits
- Pre/Post Hospitalization
- Ambulance Cover
- Domiciliary Treatment
Eligibility Criteria
Entry Age: 91 Days - 65 Years
Sum Insured: Upto 5 Lakhs
Senior Citizen Health Insurance Plan
|
Tata AIG Medicare Premier Plan |
Coverage Benefits
- High-End Diagnostics
- OPD Dental Treatment
- In-patient Treatment
Eligibility Criteria
Entry Age: 91 Days - 65 Years
Sum Insured: upto 50 Lakhs
|
TATA AIG Arogya Sanjeevani Health Insurance Policy |
Coverage Benefits
- Cumulative Bonus
- Cataract Treatment
- AYUSH Treatment
Eligibility Criteria
Entry Age: 91 Days to no upper limit
Sum Insured: 5 Lakhs
|
Tata AIG MediCare Plan |
Coverage Benefits
- Global Cover
- Bariatric Surgery
- Vaccination Cover
Eligibility Criteria
Entry Age: 91 Days - 65 Years
Sum Insured: Upto 20 Lakhs
Critical Illness Health Insurance Plan
|
Tata AIG Critical Illness Plan |
Coverage Benefits
Eligibility Criteria
Entry Age: 18 Years - 65 Years
Sum Insured: 2.5 Lakhs - 15 Lakhs
Why Choose Tata AIG Health Insurance
Tata health insurance plans have numerous characteristics that make them a good alternative for your health insurance needs. The following are some of the critical benefits of a Tata AIG health insurance policy:
Cashless Hospitalization
By insuring with Tata AIG as your health insurance partner, you may have access to a network of 7,200+ hospitals throughout India and enjoy cashless hospitalisation.
Round the Clock Assistance
Tata AIG anticipates all the requirements. The brand consistently prioritises your needs before and strives to surpass your expectations. The firm provides customer service 24 hours a day, seven days a week.
Substantial Cumulative
Depending on your plan, you can get a cumulative bonus ranging from 10% to 100% of the total insured for each policy year, that does not include a health insurance claim. This bonus increases the amount protected under your health insurance plan without requiring you to pay any more premiums.
Brand Name of Tata
Tata comes with trust, quality, and exceptional customer service. The organisation takes your obligations exceptionally seriously and strives to provide you with quick and high-quality services around the clock.
Claim settlement Process
Tata AIG health insurance offers a quick and easy claim settlement process. It is an important factor before buying a health insurance plan.
Paperless Plans
You may choose, compare, and buy outstanding health insurance coverage from the comfort of your own home with the Tata AIG MediCare line of health insurance products.
Tata AIG Health Insurance Exclusions
Here are some of the major exclusions under Tata health insurance:
- Sexually transmitted diseases
- Doctor's fees charged by a Medical Practitioner who shares a household with an Insured Person or is an intimate relative of an Insured Person's family.
- HIV AIDS infections
- Maternity, delivery, and pregnancy expenses
- Mental illnesses or diseases
- Cosmetic surgeries
- Treatment provided by a Medical Practitioner that is not within his scope of practice.
- Rotational Field Quantum Magnetic Resonance (RFQMR), External Counter Pulsation (ECP), Enhanced External Counter Pulsation (EECP), Chelation Therapy, and Hyperbaric Oxygen Therapy are all examples of experimental and unproven therapies.
Network Hospitals
Tata AIG Health Insurance Buying Process
Tata AIG Health Insurance features a hassle-free purchasing and claim process. Let us first go through how to buy Tata AIG Health Insurance online.
Buy from "RenewBuy.com"
- Visit the official website of "RenewBuy".
- Click on the "Health Insurance Plan" tab.
- Choose the desired health insurance policy.
- Fill in all the required details.
- Click on "Buy Now".
- Proceed with the payment.
Buy From the Official Website
- Browse and compare all available options on the official websites according to your premium, coverage type, and other relevant parameters.
- You must select the best health insurance plan after shortlisting the plans.
- You must provide identification information and proof when applying for health insurance online. This is a critical step that must be taken with caution.
- Look for exclusions and riders in the policy. Take note of the important details, such as the premium, complete coverage, waiting period, claim settlement process, etc.
- You can pay using one of the numerous online payment methods once you've chosen your plan and the amount covered.
Why Buy Tata AIG Health Policies From RenewBuy?
RenewBuy provides the best Tata AIG Insurance plans on the market. The following are the primary reasons why you should think about us:
- IRDAI Certified
- Get Insured by leading insurers
- Lower Premiums
- Compare Various Health Policies online
- Simple & Easy Buying Process
- 24x7 Claim Assistance
Tata AIG Health Insurance Renewal Process
Tata AIG Health Insurance makes renewing health insurance coverage simple and quick. Insureds can also contact our POSP consultants for Tata AIG health insurance renewal, or they can follow the processes mentioned below.
- Visit the official website of "Tata AIG Health Insurance".
- Click on the “Renewal” tab.
- Enter your existing health insurance information, such as your policy number and date of birth.
- Click on the ‘Renew' tab.
- Pay your Tata AIG health insurance premiums and renew your coverage online.
Tata AIG Health Insurance Claim Process
The claim process is hassle-free and easy. To make things easier, we have the whole procedure for you.
Cashless Claim
If you got non-emergency care at a network hospital, you might enjoy quick and easy cashless claims by following these steps:
- The first step is to email your cashless claim form to a network hospital at least 48 hours before your planned treatment. You can also send a letter informing them of this information.
- Wait For Our Confirmation Letter: Upon receiving and verifying the aforementioned form, you will get a confirmation letter and intimate the hospital about the claim.
- Submit the Letter to the Hospital: When you arrive at the hospital, you must provide your health card and the confirmation letter from Tata AIG.
- There are no more actions to take. We'll take care of the bills while you rest and recover.
Reimbursement Claim
If you received medical care from a non-network hospital, you must pay the charges and invoices before filing a reimbursement claim with us using the following processes.
- Send the completed reimbursement form together with the necessary documents like a copy of the health insurance policy, relevant medical reports, original bills, investigation report, etc.
- Once the company get your need claim form and the relevant documents, they shall check them then process the claim and provide the refund to you.
Documents Required for the Claim
Medical emergencies strike without warning, and the only cost-effective way to deal with them is through medical insurance plans. Such emergencies, however, are only covered if you file a reimbursement claim or seek treatment at your nearest network hospital.
In health insurance plans, the documents required to file a claim are -
- Claim Form
- Medical Investigation Report
- Discharge Card
- Copies of Health Insurance Plans
- Doctor’s bill
- Any other for required by TPA
Tata AIG Health Insurance Contact Details
If you have any questions or concerns about Tata AIG Health Insurance coverage, please contact the health insurance company using the information below:
Contact Number: 1800-266-7780
Email Address: customersupport@tataaig.com
