Tata AIG Critical Illness Health Insurance
Claim Settlement | Dedicated Team |
Claim Settlement Ratio | 76.04% |
COVID-19 Cover | Yes |
Network Hospitals | 3,000+ |
Policies Sold | 2,20,583 |
Renewability | Lifelong |
About Tata AIG Critical Illness Health Insurance
TATA AIG Critical Illness Policy is a fixed benefit medical insurance plan which covers major critical illnesses and medical procedures. The plan pays a lump sum benefit if the insured suffers from any of the covered illnesses or undergoes the covered procedures. The illnesses and procedures covered under the plan are complex and incur heavy expenses if the insured suffers from them. Therefore, by paying a fixed benefit the policy aims to ease the financial hardship faced by the insured in such medical contingencies.
The plan also provides the facility of the second opinion if the insured suffers from a covered illness and a claim is made. This opinion helps the insured to seek expert medical help on the illness suffered. The premiums for the plan are affordable so that individuals can easily buy the policy. Moreover, the premiums paid also help in saving tax as they are allowed as a deduction under the provisions of Section 80D of the Income Tax Act.
Health Insurance Calculator
Whom do you want the insurance for ?
Select the age of all members
- You
Where do you live ?
Choose required Coverage for yourself?
Key Inclusions and Exclusions of the Plan
What's Included
- Coverage for 11 critical illnesses and major surgical procedures
- Illnesses covered include first heart attack, total blindness, cancer, coma, major burns, multiple sclerosis, etc.
- Surgical procedures which are covered include open-chest CABG and organ or bone marrow transplant
- Second medical opinion is available if the insured suffers from any of the covered illnesses
- Permanent paralysis of limbs is also covered
What's Not Included
- Any treatments or procedures other than the covered illnesses and surgeries
- Pre-existing illnesses and their complications are not covered
- Congenital disorders, psychiatric, mental disorders, defects, genetic disorders or anomalies
- Expenses for the treatment of STDs, HIV, AIDS-related illnesses are excluded
- Treatment for self-inflicted injuries, attempts to commit suicide or the injury due to unlawful acts are not covered
4975 Tata AIG Cashless Network Hospitals in India
Choose Tata AIG Plan for
Tata AIG Critical Illness Policy Expert Review
-
-
Major Attractions
The major attractions of the policy include the following –
- The policy covers 11 critical illnesses which include stroke, cancer, first heart attack, open chest CABG, total blindness, kidney failure which requires regular dialysis, bone marrow transplant or transplant of a major organ, permanent paralysis of limbs, major burns, coma and multiple sclerosis
- Free second opinion is also available if the insured is diagnosed with any of the covered critical illnesses
- No pre-entrance medical examination is required to buy this policy
- The policy entails the survival period of 30 days or more from the date of diagnosis
- All the payout under the policy are on Benefits basis
- No cost sharing is applicable under the plan
- There is no additional loading on the policy premium at the time of renewal based on claims experience
-
What’s More?
Besides offering good coverage for common critical illnesses, the policy also allows the following benefits –
- The policy has no maximum cover ceasing age. You can renew the plan lifelong
- A grace period of 30 days is provided for renewing the policy
- The premium that is paid for the plan would be allowed as a deduction from taxable income under Section 80D of the Income Tax Act
-
Conclusion
TATA AIG’s Critical Illness policy provides coverage against some of the most commonly occurring critical illnesses. It is, therefore, a good plan which can be bought for a sum insured level which best suits your coverage requirements.
You can buy the plan online as the online medium would help you to compare other critical illness policies and then buy a policy which has the best coverage benefits. InsuranceDekho is an online website which gives you the platform to compare and buy the best policy for your needs.
Claim Process at Tata AIG Health Insurance
FAQs on Critical Illness Policy Health Insurance Plan
-
-
What is the coverage tenure?
The policy’s coverage tenure is 1 year after which the policyholder is required to renew the policy for continuous coverage benefits.
-
At what age can the policy be bought?
The policy can be bought for individuals who are aged 18 years or more. The maximum entry age, however, is restricted to 65 years.
-
Is lifelong renewal allowed under the plan?
Yes, the plan can be renewed lifelong without any maximum coverage age.
-
Will the policy continue after the payment of claim?
No, once a claim has been paid under the policy, the coverage would terminate. No further claims would be provided even if the insured suffers from another covered illness or undergoes another covered surgery.