TATA AIG Health Insurance Plans

Reasons for buying Tata AIG Health Insurance Plans

Since 2001, it’s been two decades, and still, Tata AIG serves with their all, as everything belongs to the customers. The name “TATA” is enough to seek the attention of customers and enough to build trust between customers. And the name “TATA” is enough bigger that anyone can rely on this name if anyone asks what’s the reason that anyone should buy the policy from Tata AIG. There may be many answers at that time, but 2 or 3 facts are enough to tell the reason for buying the policy from Tata AIG.

Facts

The first fact is, Tata AIG is one of the oldest insurer companies, and till now they insured almost 2,20,583+ people. The numbers are enough to tell you that, what it means if anyone said that it’s one of the oldest insurer companies in India. In these two decades, Tata AIG goes through roller-coaster ways just trying to make his presence, just to make a place in the Indian insurance market. The oldest company tells you a lot about the time and experience, the older the company is the more you can rely on the company. Because it’s taking too much time and too much effort, to getting recognition in the market and in between people too.

The second fact is, the Claim Settlement Report ratio with the help of which you can assess the performance of the insurance company. Every year IRDAI launches the CSR report of every insurance company, and through it, you are able to decide the best for yourself and your family. CSR ratio is nothing but the track record of the insurance companies that did in the particular financial year. The more CSR ratio is, means the best performer insurer company of that particular year. The claim settlement ratio of Tata AIG in the financial year 2020-21 is 96.43%, the number is quite impressive and this impressive number is also a reason why you should opt for Tata AIG if you want to buy a health policy.

The third fact is, since the year 2001…. day by day Tata AIG just became a big name and it was people’s trust that which why Tata AIG stands here today. In all these years Tata AIG just trying to serve people and in return for service, they win the trust of customers. Tata AIG offers multiple policies to their customer, like as health policy & motor policy. These reasons are enough to tell you about the Tata AIG, and why you should go with Tata AIG if you want to buy the policy.

With skyrocketing medical costs, it becomes quite important to get adequate health cover. Misfortunes may strike anyone and thus, it’s advisable to buy a health plan that covers all your hospitalization expenses. Tata AIG General Insurance offers health plans to suit your unique healthcare needs.

Performance till today

In the year 2001, Tata AIG was established and from their Tata AIG never looked back. Two decades have passed and even today Tata AIG is engaged in fulfilling its goal and creating new visions with time for upcoming time. Tata AIG General Insurance Co. Ltd. is a joint venture between Tata Group and American International Group Company. Starting from zero, today Tata AIG has become a growing company. The company has 200 branches across India, apart from this; the company has 6220 employees, and more than 3000 network hospitals in India. It was people’s trust that makes Tata AIG a leading insurer company in India, in 20 years.

Suffice it to say, how has Tata performed in the last 20 years and where will Tata be in the upcoming times. Last year, the performance of Tata AIG was quite good, as per IRDAI released CSR report Tata AIG claim settlement ratio is 96.43%. This percentage is just a kind of glimpse because only after such claim settlement ratio report and result, Tata has become the leading insurance company in the country. In the year 2014, Tata AIG opened Tata AIG academy with a vision to be a center of excellence in learning in the General Insurance domain. A recent CSR report is enough to tell you about the performance of Tata AIG, till today Tata AIG did a remarkable job, and provide everyone with whatever they deserve. Still, Tata AIG is going on, and trying to make the happier world, and also living their vision “by caring for our customers and offering them innovative risk solutions”.

Claim Process

Every insurance has the same way of settling the claim, and every company has two options to clear the claim. The claims settlement report of Tata AIG is impressive, and it shows that this particular company served people as they demand and as they deserve. Tata AIG Insurance Claim settlement is as easy as buying a policy; there is 3000+ network hospital of Tata AIG Health across the country. If you want, then you have the option of getting the cashless claim settled or if there is no option of getting treatment in-network hospital then you have an option of getting reimbursement claim settlement.  

Both options are easy, but the reimbursement option might take more time and more effort than cashless claim settlement. Cashless Claim Settlement takes only 2 hours to get settled, but in the reimbursement option, you have to submit all the bills and after this, they’ll verify your claim and after satisfying your claim they’ll transfer the fund that you deserve.  

Let’s try to know what is the process of claim settlement, and what you have to do?

Cashless Claim Settlement

1. First go to the reception desk in the network hospital, and let them know that you are insured with Tata AIG General.

2. Intimate the Third Party Insurer (TPA) within 24 hours of emergency hospitalization and 48 hours before admission in case of planned hospitalization.

3. Show your policy Tata AIG cashless card to the hospital team for identification purposes, with one photo if the proof. Basically, you should verify yourselves in the hospital.

4. After this, a team of doctors will verify all documents related to the insured person, and also evaluate them. After that, they will cover you with claiming in and as per terms and conditions of your opted plan.   

5. After completion of some necessary process, the claim would be settled as your opted plan’s terms and conditions.

6. Being an insurer company “Tata AIG” provides claim service assistance to their customer, to avoid the wrong information filled by the insured person in the claim settlement form and other help.

Reimbursement Claim Settlement

In reimbursement claim settlement, first, you have to get the complete treatment by spending your money, after getting the treatment as soon as you are discharged from the hospital, you have to keep one thing in mind you have to bring the below-listed documents. Because in reimbursement claim settlement, documents play a vital role in getting the claim settled.

But the one thing that we should keep care of while buying any policy, they should check whether the insurance company from which you are buying insurance has any network-hospital in your area, and only after that decide to buy insurance or else you will have to go through the indemnity claim.  

Documents must carry with you.

• First doctor’s prescription
• Hospital bills
• Related treatment prescriptions
• Diagnostic reports
• Discharge from hospital
• FIR copy, if any
• Patient’s identity card
• Copy of health card

 Claim Settlement Process

1. Contact the TPA and keep the policy information ready with you.

2. First fill out the Claim form, and attach all the bills and receipts with the form. After that just go and submit the form to your nearest Tata AIG General branch.

3. As per your plan’s terms and conditions your claim will be settled, and you will get your fund.

Main USP’s of Tata AIG Health Insurance Plans are:

• Choose among individual or family health cover
• Coverage is available at a reasonable price
• Take benefit of cashless hospitalization across 3000+ network hospitals
• Get quick & hassle-free settlement of claims
• The daily hospital cash benefit is available
• Enjoy wellness benefits
• Get critical illness benefit
• No pre-policy medical check-up
• No loading on renewal of the policy
• Avail premium discounts
• Option of lifelong renewability
• Portability option available

Key Benefits of Tata AIG Health Insurance Plans

• In-patient hospitalization expenses, including hospital room rent, boarding/nursing expenses, ICU charges, medicines, consultant fees, etc. are covered
• Pre hospitalization expenses incurred before hospitalization are covered for 60 days
• Post hospitalization expenses incurred after hospitalization are covered for 90 days
• Listed daycare procedures/surgeries are covered
• Expenses incurred towards domiciliary treatment are covered
• Organ donor expenses for harvesting the organ are covered
• Accidental In-patient & Out-patient dental treatment is covered
• Vaccination after the animal bite is covered
• The daily cash amount is paid, as specified under the policy terms
• The lump-sum amount is payable for listed critical illness & convalescence, subject to terms applicable
• Education benefit is payable to children, in case of accidental death or disability of the insured
• Cosmetic Reconstruction Surgery expenses are payable, depending on the policy chosen
• The premiums paid are eligible for tax benefit under section 80D of the IT Act, 1961