Compare Health Insurance
Comparison of Health Insurance Plans in India
A health insurance plan is most essential when it comes to safeguarding yourself and your family from a medical emergency. When buying a health insurance plan, it is important to choose one that covers all your financial requirements that need to be taken care of during such contingencies. Therefore, to ensure that you have the right policy, it is always a wise call to go through the features of various policies and compare the health insurance plans before settling with one.
Buying the very first health insurance policy you see online is not an advisable move. So why buy a health insurance plan where you are only wasting your precious money? Instead, compare health insurance plans so that you can decide the extent of coverage and consider all the benefits it provides. This crucial step also helps you pay only the amount you really need to keep yourself and your family safe.
Things to Keep in Mind while Comparing Health Insurance
When you compare your health insurance policy, choose a reputable insurance company that is registered with the Insurance Regulatory and Development Authority. The claim settlement ratio of your insurer is another important factor that will ensure timely and efficient claim settlement. Tata AIG has a claim settlement ratio of 96.43% for FY 2020-21.
Types of Health Insurance Plan
Tata AIG offers a variety of health insurance plans:
- Individual health insurance plans
- Family health insurance plans
- Senior citizen health insurance plans
- Super top-up health insurance plans
Therefore, check how each plan works, its benefits and features, as well as the policy exclusions when you compare a mediclaim policy with other types of health insurance plans.
List of Network Hospitals
When you choose a health policy and compare it with other health plans, you can choose an insurance provider with convenient cashless benefits. With a suitable Tata AIG health insurance plan, you can avail of cashless hospitalisation benefits in any of Tata AIG’s 7,200+ network hospitals across India.
Comparing health insurance policies helps you choose from the different sum insured amounts offered under different health insurance plans. This is an important factor that will affect your premiums and also the financial benefits you will receive when the need arises. Always choose a sum insured that keeps your premium amount in check but provides enough coverage for your needs.
All health insurance plans come with a maximum entry age, depending on the type of policy you choose. With IRDA’s mandate for lifetime health insurance renewability, you can choose from Tata AIG’s life-long renewal options and ensure that you can benefit from health insurance coverage for many years.
Each health insurance policy offers a different waiting period, depending on the type of coverage you are seeking. For example, the initial waiting period and the waiting period for making a non-accidental claim is different from the waiting period for pre-existing conditions. This duration can last anywhere from 2-5 years and so, when you compare your health insurance policy, always consider the waiting period.
The benefits provided by your health insurance policy will vary as per the plan you choose. The sum insured of the plan as well as the benefits will affect the premiums you pay towards your policy. If you compare health insurance before buying it, you can decide the premium amount you want to pay that will cover your emergency needs and also not affect your other expenses.
Income Tax Benefits
Tata AIG health insurance plans let you avail up to ₹75,000 of tax benefits under Section 80D! You can claim up to ₹25,000 each year for a plan that covers you, your spouse and your children. and if you have a health insurance plan for your parents, you can claim an additional ₹50,000. Moreover, all health insurance premiums are tax-exempt under Section 80D. These are some of the Health Insurance Tax Benefits that are offered by all health insurance plans and it is essential that you should know about them when you compare your health insurance policy.
However, there are also some other benefits that you should look for as given below
No Room Rent Limit
If you have a Tata AIG medical insurance plan, you can enjoy the benefit of exceeding the room rent limit. This means you can avail of the best hospital room for your treatment but not worry about any out-of-pocket costs as this expense will be covered by your sum insured.
There may be times when a medical emergency in a specific policy year may consume your sum insured significantly. However, Tata AIG’s health insurance restoration benefit enables you to refill or replenish your sum insured so that you can be prepared for any future medical contingencies without having to worry about the expenses.
Day Care Procedure Benefit
If you or any of your family members need to be hospitalised for less than 24 hours, our Tata AIG health insurance policies cover these expenses as well. The Day Care Procedure benefit is designed to take care of such short-term treatments such as a single dialysis or chemotherapy session and you won’t have to bear these expenses by yourself.
Many times, you may face a medical issue where you are unable to make it to the hospital for treatment. Keeping this in mind, our health insurance plans provide domiciliary benefits where at-home treatment expenses by a medical professional can be covered under your health policy.
The process of hospitalisation also includes the cost of some discard able medical aid or equipment. With the Consumables Benefit, our policies handle the costs of these consumables that are utilised during your or the insured individual’s treatment in the hospital.
Free Health Check-ups
Depending on the policy you choose, our health insurance plans can cover the expenses of preventive health checkups of up to ₹10,000. This amount is payable on renewal after 2 claim-free policy years and is over and above your sum insured.
Why Should You Compare Health Insurance?
To Get Affordable Premiums
Paying affordable premiums on your health insurance policy ensures that you can avail yourself of quality healthcare while keeping a tab on your expenses. Hence, Tata AIG helps you compare your medical insurance policy online so that you can choose a plan with adequate benefits and reasonable premiums that don’t burden you or make you compromise on other important expenses. To understand how Health Insurance premiums are calculated, check our resource on Health Insurance Premium Calculator
To Avoid Hidden Information
Medical insurance comparison online makes it easier for you to check all the features, benefits and limitations of all the plans so that you do not miss out on any valuable information on your health insurance policy. With Tata AIG, you can compare all the policy features, read all the terms and conditions, and also get in touch with us for further queries on your health insurance policy.
To Get the Right Plan
Tata AIG’s medical insurance plans have benefits unique to each plan and so, a medical insurance comparison can help you choose a policy that syncs well with health insurance requirements. Hence, you should compare your medical insurance policy to get the right plan with the necessary features and avail of adequate financial coverage in medical emergencies, without worries!
Comparing Tata AIG Health Insurance Plans
Tata AIG offers the MediCare Health Insurance Plan with three different variants that you can choose from.
If you want to compare the health insurance plans, given below is a table that can help you understand the outline of the coverage offered by our plan variants. Similarly, even while selecting a plan for senior citizens or senior parents, you can compare senior citizen health insurance to understand the coverage and the benefits better.
|Benefits/Cover||MediCare||MediCare Protect||MediCare Premier|
|Bariatric Surgery||Covered||Not Covered||Covered|
|Global Cover||Covered||Not Covered||Covered|
|Pre-Hospitalisation Medical Costs||Covered||Covered||Covered|
|Post-Hospitalisation Medical Costs||Covered||Covered||Covered|
|Emergency Air Ambulance||Not Covered||Not Covered||Covered|
|Day Care Procedures||Covered||Covered||Covered|
|Accidental Death Benefit||Not Covered||Not Covered||Covered|
|High-End Diagnostics||Not Covered||Not Covered||Covered|
|Maternity Cover||Not Covered||Not Covered||Covered|
|First Year Vaccinations||Not Covered||Not Covered||Covered|
|HPV/Hepatitis B Vaccination Cover||Covered||Not Covered||Covered|
|OPD Dental Treatment||Not Covered||Not Covered||Covered|
|OPD Treatment||Not Covered||Not Covered||Covered|
|Second Opinion||Covered||Not Covered||Covered|
|Domiciliary Treatment||Not Covered||Covered||Covered|
|New Born Baby Cover||Covered||Not Covered||Covered|
|Prolonged Hospitalisation Benefit||Not Covered||Not Covered||Covered|
|Hearing Aid||Covered||Not Covered||Covered|
|In-patient Dental Treatment||Covered||Not Covered||Covered|
|Daily Cash while Accompanying a Covered Child||Covered||Not Covered||Covered|
|Daily Cash for Choosing Shared Accommodation||Covered||Not Covered||Covered|
Top-Up Benefit for Your Tata AIG Health Insurance Plans
The above benefits and features as shown in the table above are part of the base health insurance plans that we offer. However, we also offer a super top-up plan called the Tata AIG MediCare Plus (Super Top-Up) plan, which helps you with extra coverage after your initial sum insured is exhausted in case of medical emergencies.
You can add the MediCare Plus to any of your base health insurance plans to enjoy the following features and much more -
- Additional cover against the rising medical costs
- Higher sum insured with affordable premiums
- Access to better healthcare with additional cover
- Improved coverage for critical illnesses and treatments
Frequently Asked Question
Can I compare health insurance plans online?
Yes, you can compare health insurance plans online on our official website with the help of our online health insurance calculator.
What are the things to consider while comparing health insurance plans?
When comparing health insurance plans, it is very important to check some important factors such as the reputation of the health insurance provider, their list of network hospitals, the types of health insurance plans they offer, the sum insured of the policy you choose, the premium amount, sub-limits, add-ons, the critical illness benefits and more.
What is best for me, individual or family floater plan?
If you are purchasing a plan for yourself, then an individual health insurance plan works the best. A family floater plan is ideal if you would like to cover your parents, your spouse and your children under the same health insurance plan.
What is a No Claim Bonus?
A No Claim Bonus is a benefit offered to you when you do not file any health insurance claims. With this benefit, each claim-free year will see an increase in your sum insured with no increase in the premium amount. When you do not file a claim, you earn a cumulative bonus of 5% on your sum insured on the policy renewal. You can earn a cumulative bonus of up to 100% of your sum insured.
How to compare health insurance policy premiums?
You can compare health insurance policy premiums using the online health insurance calculator on our official website. Once you have the instant premium quotes for various plans, you can choose one that is suitable for you.
How to top-up a medical insurance plan?
If you would like to top up your health insurance plan, you can choose the Tata AIG MediCare Plus (Super Top-Up) plan to enhance your health insurance coverage.
How to choose the best health insurance plan?
The best health insurance plan is the one that meets all your requirements and provides adequate coverage and benefits to you and your family in case of a medical emergency. To select the best health insurance plan, be sure to compare various health insurance plans with the help of our online health insurance calculator.
How to compare a health insurance plan for an overseas visitor?
If you need a health insurance plan that covers treatments when you are abroad, you can opt for our MediCare Plus cover which offers an optional global cover. This benefit handles the treatment costs for an ailment or disease that you have already been diagnosed with within India but are receiving treatment abroad.
Which is the best health insurance plan?
The best health insurance plan is one that is suitable for your needs in terms of the sum insured, coverage, features and benefits, and add-ons. You can find the best health insurance for yourself by comparing various health insurance plans.