10 Lakh Health Insurance

A ₹10 lakh insurance plan works by offering you coverage for up to ₹10 lakhs for medical expenses that may occur when you face a medical emergency.

Suppose that you have purchased a ₹10 lakh health insurance plan from TATA AIG, which provides you coverage against medical expenses. You get hospitalised or need to undergo surgery, which costs ₹6 lakhs. In such a scenario, the cost of your treatment will be covered under the insurance plan and you will not have to pay out of your pocket.

You can opt for the cashless claim facility, where TATA AIG will pay off the bills directly to the hospital. Alternatively, you can also choose to take the reimbursement route to get the insurance payout. In that case, you must settle the bill with the hospital. Later, you must submit all the hospital bills, invoices and charges to us. Once we verify the documents and bills, we shall send the claim amount to your bank account.

• Affordability

When purchasing a ₹10 lakh health insurance policy, evaluate your finances to determine if it fits within your budget. You can weigh between high coverage, high premium or low coverage, high out-of-pocket expenses to make the right decision.

• Comprehensive coverage

A health insurance for ₹10 lakhs covers various medical expenses, including hospitalisation, surgeries, diagnostics, medications, daycare procedures, global cover for planned hospitalisation, AYUSH cover, bariatric surgery and more. It ensures you do not have to worry about unexpected medical expenditures.

• Critical Illness Coverage

With TATA AIG Criti Medicare Insurance for ₹10 lakh, you get coverage for critical and life-threatening illnesses. Under such an insurance plan, you get a lump sum payout for the treatment of a critical illness on diagnosis. Some of the critical illnesses covered under a ₹10 Lakh Medical Insurance Policy may include cancer, heart attack, stroke, kidney failure, major organ transplant, and more.

• Tax benefits

Considering the health insurance tax benefits under Section 80D of the Income Tax Act, investing in a ₹10 lakh medical insurance premium can bring you double benefits. You can get comprehensive medical coverage during medical emergencies and you can also claim a deduction for the premium paid, which reduces your overall tax liability.

• Cashless Facility

TATA AIG also offers a cashless treatment facility with its ₹10 lakh insurance plans. Under this facility, you can get treated at any hospital in India, and we directly settle the medical bills with the hospital. With his facility, you do not have to undergo the hassle of gathering money at the last minute.

Also Read: [Benefits of Health Insurance Plans in India](Advantages of Best ₹10 Lakh Health Insurance)

• Healthy and Young Individuals

Those with good health conditions and no pre-existing and other serious illnesses can opt for health insurance with ₹10 lakh coverage. It assists you in dealing with the basic medical expenses in case of an unforeseen medical emergency.

• Individuals with Dependents (small family)

Individuals who have 2-3 dependents to take care of, such as spouse, children, etc., must also invest in a ₹10 lakh insurance plan. The wide coverage will suffice to meet the medical requirements of a small family, allowing you to save for the future. The coverage of a ₹10 lakh insurance plan will be sufficient to cover basic medical expenses such as hospitalisation charges, minor medical procedures, pre and post-hospitalisation charges, etc.

• People with Low Savings

Those individuals who have low savings must consider the ₹10 lakh health insurance. It is a safety net that allows you to access the best healthcare facilities despite low assets or savings.

• Those Living in Tier 2 and Tier 3 Cities

Non-metro cities have lower medical costs, so a coverage of ₹10 lakh should be sufficient.

• If you have another insurance plan

If you are already covered under a separate insurance plan, such as group health insurance, then a ₹10 lakh insurance is enough to support the remaining medical expenditures.

You can calculate the premium for ₹10 lakh insurance using the ₹10 lakh health insurance premium calculator. It is a very convenient tool that allows you to determine the premium of your insurance plan with the help of a few essential parameters.

The calculator uses information such as your age, add-ons, medical history, and required coverage to determine the premium you will pay for purchasing a ₹10 lakh insurance plan.

An estimate of the premium enables you to compare various other plans and options and pick the
best one among all. Thus, the premium calculation facilitates easy comparison and helps you secure the most comprehensive and affordable plan.

TATA AIG’s health insurance plans cater to the diverse health requirements of various individuals, allowing them to access top-class healthcare facilities.

• Individuals

Our health insurance of ₹10 lakhs is available and beneficial for individuals of all ages. For example, the minimum age for TATA AIG Medicare Premier Plan is 91 days, and the entry age for TATA AIG Elder Care plan is 61 years.

• Families

We also cater to the health needs of families as a whole by offering family floater plans. You can add your spouse, children, parents and parent-in-laws under a single plan to access the benefits.

• Self Employed

We also extend the benefits of our health plans to self-employed individuals, offering them
financial security and appropriate healthcare facilities.

• Corporate Employees

The benefit of our ₹10 lakh insurance also extends to corporate employees, who can be a part of the group health insurance and reap health benefits for themselves and their families.

1. Visit the official website of TATA AIG General Insurance. Click the 'Health Insurance' tab and select the members and type of plan.
2. Enter the required information, such as your age, gender, and health condition, to get a quote for the policy.
3. Choose the sum insured (₹10 lakhs in this case), policy term, and other features per your requirement. Proceed to buy the insurance policy by clicking on ‘Buy Now.’
4. Pay the premium for the ₹10 lakh policy online using your credit card, debit card, or net banking.
5. Once the payment is processed, you will receive an email confirmation with the policy documents

Also Read: Types of Health Insurance Plans

• Identity proof: Aadhaar Card, PAN Card, Passport, Voter ID, Driving License, etc.
• Age proof: PAN Card, Birth Certificate, ₹10th/12 Admit Card, Driving License, Passport, etc.
• Address proof: Utility bills (electricity, water, gas, etc.), Aadhaar Card, Passport, etc.
• Medical records: details of pre-existing illnesses, previous medical history, etc.
• Income proof: Income tax return, salary slip, etc.

Note: It is recommended to check with the customer support team at TATA AIG regarding the specific documents required to buy a ₹10-lakh health insurance policy online.

• In-Patient Treatment

Our insurance plans provide coverage for medical expenses incurred during hospitalisation. In-patient treatment refers to medical treatment where the patient requires admission to a hospital and stays there for at least 24 hours.

• Organ Donor Expenses

These cover medical expenses incurred by the organ donor during an organ transplant surgery. This coverage is important as organ transplant surgeries can be expensive and can cause a financial burden on the donor or their family.

• Day Care Procedures

It provides coverage for medical treatments or procedures that do not require hospitalisation for more than 24 hours. These procedures are usually performed in a hospital or daycare centre, and the patient is discharged on the same day.

• Pre and Post-Hospitalisation Expenses

It covers the expenses incurred before and after hospitalisation, such as diagnostic tests, doctor consultations, rehabilitation, doctor follow-ups, and so on.

• Domiciliary Treatment

It provides coverage for the policyholder's medical treatment at home for a medical condition that would otherwise require hospitalisation. Domiciliary treatment refers to medical treatment provided at home due to the patient's medical condition, and it's not feasible for the patient to be hospitalised

• AYUSH Benefit

TATA AIG ₹10 lakh health insurance also includes AYUSH benefit, which provides coverage for medical treatment received by the policyholder under alternative systems of medicine like Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy.

• Pre-Existing Conditions

Most health insurance policies have a waiting period before pre-existing conditions are covered. This means that any medical conditions the policyholder had before taking the policy may not be covered for 3 years, as per the latest guidelines by the IRDAI.

• Self-Inflicted Injuries

Injuries or illnesses caused intentionally by the policyholder, such as self-harm or substance abuse, will not be covered under a health insurance policy.

• Cosmetic Treatments

Medical treatments performed for cosmetic or aesthetic purposes, such as plastic surgery, may not be covered under a standard health insurance policy.

• Non-Medical Expenses

Expenses unrelated to medical treatment, such as travel or food expenses, may not be covered under a health insurance policy.

• Intoxication

Any illness or injury arising due to intoxication, substance abuse or alcoholism is not covered under the ₹10 lakh insurance.

• Terrorism/War

The insurance plan also excludes any illness or injury caused by wars, terrorist attacks, etc.

• Coverage

Check the coverage offered by the policy, including inpatient treatment, day-care procedures, pre- and post-hospitalisation expenses, organ donor expenses, and more. Also, check if the policy offers a restore benefit or a cumulative bonus to increase your coverage over time.

• Premium

Compare the premiums of different policies to find one that fits your budget. Also, check if the policy offers discounts or no-claim bonuses to reduce your premium.

• Claim settlement ratio

Check the insurer's claim settlement ratio to ensure that they have a good track record of settling claims quickly and efficiently.

• Exclusions

Read the policy terms and conditions carefully to understand the exclusions of the policy, such as pre-existing conditions, non-medical expenses, and alternative treatments, among others.

• Customer Service

Check the customer service offered by the insurer, including the availability of a 24x7 helpline, the ease of claim submission, and the speed of claim settlement.

A ₹10 lakh health insurance policy is a health insurance that offers coverage of 10 lakhs to the insured. It offers comprehensive coverage, which includes the cost of treatment, inpatient charges, surgery costs, cashless facility and much more.

Such an insurance plan offers multiple benefits to the policyholder, including comprehensive coverage, no-claim bonus, critical illness cover, tax deduction, etc. So, if you are an individual with good health, a small family, low savings or are covered under another insurance plan, a ₹10 lakh insurance can be suitable for you.

TATA AIG offers some of the best and most comprehensive health insurance policies with a coverage of ₹10 lakhs for various health needs. You can purchase their critical illness plans, regular insurance plan, senior citizen plans or any other insurance plan that suits your needs.

Our health insurance plans are affordably priced and provide plenty of benefits, such as a cashless facility, hospital cash allowance, lifelong renewability, high-end diagnostics, ambulance cover, domiciliary treatment and much more.

The best part is that you can buy health insurance from TATA AIG with the click of a few buttons. Additionally, you can enjoy discounted premiums when making an online purchase. Make your way towards a healthy and stress-free life with our insurance policy.