Tata AIG MediRaksha Plan

Tata AIG General Insurance Company is a joint venture between the Tata Group and American International Group.

The Tata AIG MediRaksha is an affordable plan that is designed to take care of you and your family during medical emergencies. It is a basic plan and covers all hospitalizations, illnesses, and surgical treatments.

Highlights of the Plan

  • You don’t have to undergo any medical tests till the age of 55 years
  • Get a family discount of 10% if 2 or more members are covered under the same policy on individual sum insured basis.
  • Gain additional 7.5% discount in premium by paying premium of 2 years in advance as single premium
  • Enjoy tax benefit under the section 80D of the Income Tax Act
  • No loading on renewal of premium in case of a claim
  • Renewal incentive like free health check-up

Scope of cover

Indivdual Plan

Entry Age

Adults :

Minimum : 18 years

Maximum : 65 years

Number of Members Covered

Maximum Members : 4

Maximum Adults : 2

Maximum Children : 2

Sum Insured

50,000/75,000/1,00,000


discount

7% discount in premium by paying 2 years of premium in advance as a single premium
10% discount if 2 or more members are covered under the same policy on individual sum insured basis

Policy Periods Available

1 and 2 years


Pre-Policy Medical Check-up

Not needed for individuals up to age 55 years

Family Floater Plan

Entry Age

Children between 91 days – 21 years are covered provided both parents are covered in the policy

Adults :

Minimum : 18 years

Maximum : 65 Years

Number of Members Covered

Maximum Members : 4

Maximum Adults : 2

Maximum Children : 2

Sum Insured

50,000/75,000/1,00,000


discount

7% discount in premium by paying 2 years of premium in advance as a single premium

Policy Periods Available

1 and 2 years


Pre-Policy Medical Check-up

Not needed for individuals up to age 55 years

Important Features

Day Care Treatments

Due to scientific advancement, around 140 surgical procedures/treatments do not require you to be hospitalized for a minimum of 24 hours to raise a claim.

    Organ Donor Cover

    The medical expenses that are incurred due to harvesting organ from the donor for organ transplantation

      Pre Hospitalization

      The insurance company will compensate you up to 1% of admissible claim amount or actual medical expenses related to your hospitalization 30 days before the hospitalization.

        Post Hospitalization

        The insurance company will pay you 1% claim amount or the actual medical expenses related to your hospitalization 60 days post hospitalization.

          Good to Have Benefits

          Health Check-up

          You can get up to 1% of sum insured up to Rs. 1000 for a health check for consecutive 4 claim-free years.

            PORTABILITY

            You can shift your existing health insurance policy under MediRaksha Policy before the renewal date and also if you haven’t take any breaks from the existing policy.

              Value Adds

              FREE LOOK PERIOD

              For any reason, should you decide not to proceed with the policy, you can return the same and request for a refund within 15 days from the date of receipt of the policy document.

                Terms & Conditions

                Room Rent / Room Category

                1% of sum insured on per day rent and 2% sum insured on per day ICU room rent.

                  Co-Payment

                  You will have to pay 15% on sum insured on every claim made under this policy

                    Waiting Period

                    Cooling Off Period

                    A 30 days cooling off period for all claims except any arising out of accidental injuries.

                      Specific Illnesses

                      The policy covers some specific diseases/treatments only after 24 months. These include Cataract, Arthritis, Hernia, Kidney Stone, and so forth.

                        Pre-Existing Illnesses

                        You can claim for any pre-existing conditions after 48 months from the policy start date.

                          Permanent Exclusions

                          The Plan will not cover any liabilities towards the treatments of following conditions-

                          • Intentional self-injury
                          • Mental illness
                          • Cosmetic, aesthetic treatment
                          • Dental surgery
                          • AIDS
                          • Pregnancy, childbirth, miscarriage, and abortion
                          • Congenital disease
                          • Infertility and in vitro fertilization.
                          • Hospitalization out of war, riot, strike and nuclear weapons

                          Review of Tata AIG MediRaksha Plan

                          This Tata AIG MediRaksha policy is an ideal and affordable health insurance plan. It gives you the option to get 7.5% discount in premium if you choose to pay 2 years of premium in advance, which helps you save cost. It has a portability option which means you can feel free to port your existing health insurance under this policy.

                          **Reviews and ratings are based only on Benefits and Conditions. Things like Claim Settlement Ratio, Hospital Network have not been covered under product ratings. These are covered under Company ratings.

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