Tata AIG General Insurance Introduces ‘Medicare’- a ‘No Compromise’ Health Insurance Plan
TATA AIG GENERAL INSURANCE COMPANY LIMITED INTRODUCES
‘MEDICARE’ - A ‘NO COMPROMISE’ PRODUCT TO TAKE CARE OF HEALTH CONTINGENCIES
REINFORCES FOCUS ON HEALTH CATEGORY WITH 3 FEATURE PACKED VARIANTS - ‘MEDICARE PROTECT’, ‘MEDICARE’ AND ‘MEDICARE PREMIER’
AN IDEAL HEALTH PLAN OFFERING GLOBAL COVER UPTO THE FULL SUM INSURED VALUE
ALSO, INCLUDES BARIATRIC SURGERY, RESTORE BENEFIT, CUMULATIVE BONUS AND MUCH MORE.
Mumbai, Jan 16, 2019: Tata AIG General Insurance Company Limited introduces its new healthcare variant ‘MediCare’ - a ‘no compromise’ product for customers to meet any health contingencies. With the launch of three feature packed variants – ‘MediCare Protect’, ‘MediCare’ and ‘MediCare Premier’, the company reinforces its focus on the health insurance segment to offer customers with an ideal health protection plan that does not compromise on coverages and features. ‘MediCare’ is a flexible and all-inclusive product offering life-long renewal benefit to its customers.
With flexibility at its core, ‘MediCare’ policy has all the salient features of an ideal health insurance such as Global Cover up to the full Sum Insured value, which empowers customers with a choice to avail treatment anywhere in the world, provided the diagnosis was made in India and the insured travels abroad for treatment; Restore Benefit Cover which automatically restores the basic sum insured upon exhaustion of the Sum Insured and accrued Cumulative Bonus, during the policy period; Bariatric Surgery for treatment of obesity and weight control; Cumulative Bonus of 50% of the Sum Insured for every claim free year accumulating up to a maximum of 100% of sum insured. In addition, ‘MediCare’ offers a sum insured option of up to Rs. 20 lacs coverage with no sub-limit for any diseases, no co-pays and no room rent capping.
Each of the product variant comes with numerous features and benefits to help customers get quality health care in more than 4,000 hospitals worldwide. The policy covers 540+ day-care surgeries including organ donation, maternity cover with no limit on deliveries and first year vaccination expense coverage of the new born up to a limit of Rs. 10,000. Medicare’s vaccination cover further includes expenses for Human Papilloma Virus (HPV) vaccine that helps protect women against cervical cancer, the leading cancer in Indian women and the second most common cancer in women worldwide.
Apart from pre and post-hospitalisation expenses for illness, accident, surgeries, dental treatment and hearing aid charges, ‘MediCare’ also offers compassionate travel benefit for an insured’s immediate kin up to a limit of Rs. 20,000, Ayush benefits, accidental death benefit rider and much more.
Speaking on the occasion Mr. Parag Ved, Executive Vice President & Head, Consumer Lines, Tata AIG General Insurance said, “Today medical expenses are at an all-time high and having a reliable health insurance policy ensures that Customers don’t have to ever compromise on their health, in the event of any medical emergencies. A comprehensive health coverage like ‘MediCare’ is no more an option but a must-have for all, given the incidences of health scare on the rise. Backed by the TATA AIG legacy of trust, reliability and highest claims paying repute, our strong and agile product teams continuously strive to think ahead for the Customers to empower them with the best protection covers in times of need.”
About Tata AIG General Insurance Company Limited
Tata AIG General Insurance Company Limited, is a joint venture company between India's leading conglomerate, Tata Group and American-based financial protection and insurance major - American International Group (AIG). Since its inception in 2001, Tata AIG General Insurance Company Limited has strongly grown to emerge as the most preferred private general insurance company in India, by pioneering several firsts to its credit.
With a vision to create better tomorrows for its Customers by delivering trustworthy and innovative risk solutions, Tata AIG’s broad portfolio of protection covers are backed by years of expertise in exceptional service capabilities and seamless claims process management. The products range from Home Insurance, Motor Insurance, Travel Insurance, Health Insurance, Rural/Agriculture Insurance etc., for individuals under Consumer Lines vertical; and a comprehensive range of products for Liability, Marine Cargo, Property & Business Interruption and Special Products like Reps & Warranties, Environmental Insurance and many more products to serve the diverse needs of businesses under Commercial Lines vertical.
Present across 180+ locations in India, Tata AIG General Insurance Company Limited has an asset base of approximate 0.97 billion USD (as of 31st March, 2018), strongly supported by a workforce of 5,000+ employees, robust multi-channel distribution network of 15,000+ licensed agents, 340+ licensed brokers, an in-house Claims team of 450+ experts and a dedicated customer service side continuously delivering unmatched service experience backed by the latest in technology and innovation.
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