Individual Health Insurance

Health cover starting at Rs. 15/day*
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Individual Health Insurance

Protect yourself against a broad spectrum of illnesses or unforeseen incidents with the Tata AIG Individual Health Insurance Policy

You've come to the best site if you're looking for a robust individual medical insurance policy. Tata AIG provides one of India's top individual health insurance plans.

We sometimes forget about our well-being when caring for and protecting our loved ones. We neglect our own happiness and health in order to protect the happiness and health of our loved ones. It's critical not to forget that the family's wellness is dependent on each individual. Because you are the earner, your health is critical.

The coronavirus pandemic helped individuals realise how important it is to be healthy as well as financially secure. As a result, more individuals than ever before are purchasing health insurance.

According to recent studies, healthcare inflation in our country is expanding twice as fast as total inflation. As a result, individuals falling in the age group of 40 and 50, as well as those in their 20s, have begun to recognise the significance of having a health insurance plan in place and are looking to buy individual health insurance in order to protect their pockets from getting punctured due to heavy medical bills.

Tata AIG Personal Health Insurance might be your one-stop solution when it comes to your health. A vast network of hospitals and lightning-fast processing guarantees that you receive the best care in minutes. Also, you do not need to stress over your medical expenditures if you are diagnosed with any disease or meet with an unanticipated accident since all of them are covered by the individual health insurance policy.

Other Insurance

Family Health Insurance

September 14, 2021

What Is Individual Health Insurance?

Well, Individual Health Insurance or personal medical insurance is a type of insurance that provides medical coverage to people on an individual amount insured basis. It implies the sort of medical insurance that must be obtained separately for each member of the family. It enables you to tailor your policy coverage to your health requirements rather than your whole family.

Almost all personal mediclaim insurance policies cover a person's emergency medical expenses incurred as a result of hospitalisation, day care processes, alternative treatment, road ambulance services, organ donor charges, and so on. Personal medical insurance premiums and coverage, on the other hand, can't be shared among family members.

Kinds of Personal Medical Insurance Plans Available in India

Individual or personal health insurance policies can be subdivided into the following forms of medical insurance:

  • Critical Illness Insurance: If you have a family history of severe health issues, you might think about obtaining critical illness coverage, which covers a range of risky disorders.

  • Health insurance for senior citizens: These policies are specifically designed to meet the healthcare wants of those over the age of 55. This insurance covers a variety of health issues that senior citizens are more likely to experience. Such plans are available to anybody between the ages of 55 and 80.

Personal Accident Insurance: In India, road accidents are fairly prevalent. If you regularly travel for personal or business purposes, personal accident insurance coverage may be a good option. These policies are designed to safeguard policyholders from accidents. In general, the policies encompass the policyholder's medical and hospitalisation expenditures in the event of an accident.

What Is the Function of an Individual Health Insurance Policy?

When you get personal medical insurance, you enter into a contract with the expenditures up to the sum covered in accordance with the insurance policy terms. In exchange, you have to pay regular premiums.

Assume you've got the best medical insurance coverage with an amount covered of ₹ 5 lakhs. If you're hospitalised after acquiring the insurance, the insurer is obligated to pay your hospital fees in accordance with the terms and conditions of the medical insurance policy.

Let us say the hospital cost was ₹2 lakhs. Your insurance provider will pay the hospital's charge, and your annual sum covered will be cut to ₹ 3 lakhs.

  • Sum total insured - ₹5 lakhs
  • Hospital charge paid by your insurance provider - ₹2 lakhs

Individual Health Insurance Plan: Exclusions and Inclusions

The exclusions and inclusions of a personal medical insurance policy will be determined by the kind of insurance and insurer you choose. Here is the typical list of exclusions and inclusions:

  • Exclusions under the Tata AIG Individual Health Insurance Cover

  • Vision, Hearing, and Dental-related expenses

  • Pre-existing conditions

  • Abuse of drugs or alcohol

  • Cosmetic surgery

  • Alternative therapies

  • Infertility treatment

  • Obesity treatment

  • HIV AIDS

  • Illness or injuries as a result of nuclear perils

  • Self-Inflicted injuries

  • Pregnancy and Associated Conditions

  • Inclusions under the Tata AIG Individual Health Insurance Cover

  • Pre and Post-Hospitalisation

  • Hospitalisation

  • Ambulance Costs

  • COVID-19 Treatment

  • Day Care Procedures

  • Domiciliary Hospitalisation

  • Preventive Health Check-up

  • Organ Donor Expenses

Individual Health Insurance under Tata AIG: Benefits

A Tata AIG Personal Medical Insurance coverage includes the benefits outlined below:

  • Solo Coverage: It assures the money covered may only be used by you.

  • Perfect for the Elderly: It's more appropriate for older people who face increased health hazards.

  • Amount Insured: Depending on the insurance policy, the maximum amount insured is ₹ 1 crore.

  • Extensive Coverage: Personal medical insurance plans provide broader coverage, such as in-patient hospitalisation, daycare procedures, pre and post-hospitalisation, ambulance fees, and so on.

  • Add-on Covers: You may purchase add-on covers like outpatient treatment benefits, maternity benefits, critical illness covers, restoration benefits, and so on.

  • Numerous Claims: As long as the amount insured isn't depleted, you may submit numerous claims throughout the year.

  • Family Discount: If more than two members of the family are insured on an individual basis, almost every personal medical insurance plan puts forward a family discount.

  • Cumulative Bonus: This is a premium discount if you did not submit an insurance claim in the preceding policy year.

  • Lifetime Renewability: Personal medical insurance is renewable for life.

  • Tax Advantages: It provides tax savings on paid premiums stated by the Income Tax Act under Section 80D.

Why Should You Purchase an Individual Health Insurance Policy?

Inflation is an unavoidable occurrence. You might be astonished to learn that healthcare inflation in our country is expanding twice as fast as total inflation. Even though savings instruments offer appealing interest rates, they are insufficient to pay the expenses of medical operations when inflation is included.

As a result, individuals falling in the age group of 40 and 50, as well as those in their 20s, have begun to recognise the significance of having a health insurance plan in place and are looking to buy individual health insurance in order to protect their pockets from getting punctured due to heavy medical bills.

Personal Medical Insurance is a valuable instrument that can assist you in meeting your anticipated medical expenses. Medical insurance covers a range of charges and helps you fight the consequences of inflation, from the equipment cost to the treatment cost, diagnosis, and medicines. During medical crises, a personal medical insurance policy provides substantial financial help. To put it simply, an Individual Health Insurance must be an essential component of your financial portfolio.

  • Protection Against Medical Emergencies

By purchasing a personal medical insurance plan, you may simply supplement the coverage offered by your current medical insurance plan. As a consequence, you'll have the appropriate financial backing not only against common maladies but also against serious ones like renal failure, cardiovascular disease, cancer, and so on.

  • Savings Security

In the absence of individual health insurance, you'll be responsible for hefty medical expenditures resulting from your medical treatment. It would require you to dip into your savings or go into debt, neither of which are viable alternatives for the financial security of your future. Because your savings are your life's hard-earned belongings, you should not allow them to be depleted by the financial effect of diagnosis. Thus, having personal medical insurance in place can assist you in saving your hard-earned money.

Purchasing a Personal Medical Insurance Policy Online with Tata AIG

Tata AIG's official website makes it simple to purchase a personal medical insurance policy. Also, with the options of our online health insurance premium calculator, you can compare plans and rates and select the one that best suits your needs effectively.

To obtain individual health insurance online, you need to follow the steps outlined below carefully:

  • Navigate to the official website of Tata AIG by launching your preferred web browser.
  • Select the "Health Insurance" button.
  • Fill in your name, phone number, age, and gender.
  • Choose your city and provide information about previous surgeries or existing diseases.
  • With the help of our online health insurance premium calculator, you can compare medical insurance plans and rates and select the one that best suits your needs effectively.
  • After choosing the personal medical insurance plan, you can pay your premium online through any payment gateways of your preference.
  • As soon as the transaction is successful, you'll be sent a soft copy of your personal medical insurance to your registered email address.

What to Consider When Purchasing an Individual Health Insurance

Each time you browse for a medical insurance policy for you or your family, you question which one is the best. How can I find the most excellent individual health insurance policy online? What kind of coverage should the policy have? To address all of your questions, continue reading to decipher the secrets to finding the best individual health insurance policy.

  • Get an Adequate Amount Insured for Yourself

Because the treatment cost in metro areas is considerable, a person's total insured must preferably vary between 7 and 10 lakhs. If you're seeking a family plan in order to insure your kids and spouse, an amount insured or 8 to 15 lakhs on a floater basis is ideal. It must be sufficient to cover more than a single hospitalisation in a year.

  • Affordability

If you want to save money on medical insurance premiums, co-pay your hospital costs. You end up splitting the medical costs with your medical insurance, so you don't have to pay a high premium. You might also buy the Tata AIG Individual Health Insurance policy, which allows for monthly, semi-annual, quarterly, as well as annual payments.

  • Extensive Hospital Network

You should always check to see if the insurance provider has a large network of hospitals. If your insurance carrier lists the medical facility or local hospital, you'll be able to receive cashless care. At Tata AIG, we have a large network of over 7,200 hospitals.

  • No Sub-Limits Assistance

Typically, your medical charges are determined by your disease and room type. It's advised that you pick a personal medical insurance policy that doesn't have sub-limits regarding hospital room charges so that you may select the hospital room that best suits your needs. Nearly all of our plans also do not indicate illness limitation; it's a crucial consideration to bear in mind.

  • Examine the Waiting Periods

While your waiting period is active, your personal medical insurance policy doesn't kick in. Before purchasing individual health insurance online, you should always look for plans with shorter waiting periods when it comes to maternity benefits and pre-existing conditions.

  • Reliable Brand

Always go with an insurance carrier with a strong reputation in the industry. You should also consider the claims-paying capabilities and customer base to determine if the brand will respect future claims.

Claiming Individual Health Insurance Policy: Documents Required

When making an Individual Health Insurance claim, you should have specific documents on hand. The following is a list of the papers required to file a Personal Medical Insurance claim:

Claim Form: Firstly, submit a correctly completed and duly signed personal medical insurance claim form to Tata AIG. This form may be submitted over the web by clicking here. You may check the status of your insurance claim here. You should notify us within one month (30 days) after being diagnosed with a disease covered by your Individual Health Insurance coverage.

  • Other Vital Documents: Following receipt of your essential personal medical insurance plan claim form, we will request that you or whoever is submitting the insurance claim on your behalf produce the following documents:

  • All necessary medical reports, investigation results, case history, hospital discharge summary, and treatment documents.

  • A thorough and precise diagnosis of the therapy for which the insurance claim is being made.

  • Any additional document is considered essential by our expert claims department for the claims procedure.

We will confirm the authenticity of the facts surrounding your Individual Health Insurance policy claim within 15 days of your hospital discharge or treatment completion. We will pay the approved insurance claim within one month (30 days) of receiving all essential paperwork if we are pleased with your Individual Health Insurance plan claim and accompanying documents.

Tax Benefits of an Individual Health Insurance Cover

Assessee's Age Beneficiaries of Individual Health Insurance Cover Maximum Permissible Tax Deduction
Below 60 years Self, Spouse, Parents, and Dependent Children ₹25,000 for the premium paid for the self, dependent children, and spouse. And ₹25,000 for premiums paid for parents under 60 years, and ₹50,000 for premiums paid for parents beyond the age of 60.
Above 60 years Self, Spouse, Parents, and Dependent Children ₹50,000 for the premium paid for the self, dependent children, and spouse. And ₹50,000 for premiums paid for parents beyond the age of 60.

What Our Clients Say

  • I'm really grateful to the customer service department of Tata AIG for enabling the renewal of my Tata AIG Individual Health Insurance policy. Thank You, Team Tata AIG! - Sunidhi Nayak

  • Tata AIG provides excellent service, with no hassles and a user-friendly website that is easy to comprehend and operate. A thank you to the entire team for serving consumers with joy and delight. - Anshuman Pandey

  • My satisfaction and happiness with my insurance claim payout, which was authorised within two days of filing my claim, even in this difficult COVID-19 circumstance. I'm really appreciative of the workforce of Tata AIG for their dedication to their policyholders and the firm during this coronavirus outbreak. - Advait Singh

  • The speed with which medical insurance copies were given during lockdown was mind-boggling. Hats off to the Tata AIG team! Proud to be a policyholder under Tata AIG. - Aishwarya Kumar

Related Plans

In addition to our Personal Medical Insurance policy, you may also look at our other fantastic health insurance plans, such as:

  • Critical Health Insurance Plans
  • Medicare
  • Medicare Plus

Frequently Asked Question

1. What exactly are pre-existing conditions in an Individual Health Insurance?

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You are required to take a medical check-up while acquiring medical insurance. If you already have a medical issue, like cancer, hypertension, or diabetes, they are referred to as pre-existing medical conditions.

There are insurance carriers who don't cover pre-existing medical issues for a period of 2 to 4 years. It implies that if you're hospitalised because of a pre-existing ailment, your insurance provider won't reimburse your costs for a maximum of 2 to 4 years. Your health insurance coverage shall cover your pre-existing conditions after completing the waiting period.

2. How is the insurer going to pay my hospital bills?

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If you get Individual Health Insurance online and require hospitalisation after a few months, you must make a claim with your insurance provider. It can be accomplished in two ways: reimbursement claims or cashless claims.

The insurance provider will immediately settle your medical expense with the hospital when you file a cashless claim. In the event of reimbursement claims, you must first pay the medical expenditures yourself before receiving reimbursement from your carrier.

While the cashless option is more convenient, it's only accessible at the carrier's network hospitals. You'll be obliged to use the reimbursement option at non-network hospitals.

3. Are there any tax advantages to purchasing Individual Health Insurance?

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You can easily claim a tax deduction of a maximum of ₹25,000 on the premium amount paid towards your Individual Health Insurance coverage under the 1961 Income Tax Act (Section 80D). For medical insurance acquired for a senior individual beyond 60 years, the maximum is ₹50,000.

So, if you're under the age of 60 and buy a Personal Medical Insurance policy for yourself as well as a separate individual policy for your senior parent, you may claim a deduction of a maximum of ₹75,000. Similarly, if both parents are over 60 years and you've paid for their medical insurance, you may claim a tax deduction of a maximum of ₹ 1 lakh.

4. Why should I need Personal Medical Insurance?

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Inflation is an unavoidable occurrence. You might be astonished to learn that healthcare inflation in our country is expanding twice as fast as total inflation. Even though savings instruments offer appealing interest rates, they are insufficient to pay the expenses of medical operations when inflation is included.

As a result, individuals falling in the age group of 40 and 50, as well as those in their 20s, have begun to recognise the significance of having a health insurance plan in place and are looking to buy individual health insurance in order to protect their pockets from getting punctured due to heavy medical bills.

Personal Medical Insurance is a valuable instrument that can assist you in meeting your anticipated medical expenses. Medical insurance covers a range of charges and helps you fight the consequences of inflation, from the equipment cost to the treatment cost, diagnosis, and medicines. During medical crises, a personal medical insurance policy provides substantial financial help. To put it simply, an Individual Health Insurance must be an essential component of your financial portfolio.

5. What's the best age to purchase an Individual Health Insurance?

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The earlier you obtain Personal Health Insurance, the lower your premium amount will be. If you wait until later in life to get an Individual Health Insurance plan, you may be denied instant coverage owing to the waiting period. As a result, it's preferable to purchase Individual Health Insurance once you reach the plan's minimum entry age.

6. Will my Individual Health Insurance policy work in Tata AIG non-network hospitals?

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Absolutely. Your Individual Health Insurance policy will cover you at non-network and network hospitals. Nevertheless, you may only use the cashless service at a Tata AIG network hospital. If you seek medical treatment at a Tata AIG non-network hospital, you won't be able to utilise the cashless option and may be required to produce treatment/hospitalisation costs to obtain a claim. It's recommended that such facts be reviewed and understood before signing the insurance policy paper. Also, choose a medical insurance package that has an extensive network of hospitals, and Tata AIG’s medical insurance plans top the list in this regard.

7. What are the advantages of purchasing Personal Medical Insurance online?

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There are loads of benefits when it comes to purchasing a Personal Medical Insurance online:

  • Convenience: You may sit comfortably on your couch and relax while looking for policies over the web. By visiting an insurance provider's physical office or having an agent come to your home, you save effort and time. You may conduct secure transactions from any location and at any time. Furthermore, the plan wordings are published online so that you may read the fine print and avoid any last-minute hassles.

  • Safe Payment Methods: You don't need to pay your Personal Medical Insurance premiums by cheque or cash. Tata AIG believes in digitalisation. Simply use your debit or credit card or any net banking options to make online payments using a variety of safe payment methods.

  • Policy Issuance and Instant Quotes: To acquire a Personal Medical Insurance policy online, you may quickly calculate the cost, remove or add members, personalise plans, and verify coverage.

  • What You See Is Exactly What You Get: You don't need to wait any longer when it comes to physical Personal Medical Insurance plan documentation. Once you pay the premium amount online, your plan PDF copy arrives in your email ID, and you have your coverage within a matter of seconds.

8. What exactly are pre and post-hospitalisation costs?

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There are several costs associated with hospitalisation. You must contact a doctor and have numerous diagnostic tests performed before being admitted. Following discharge, an identical procedure is followed. Pre and post-hospitalisation costs are the expenses incurred before and after hospitalisation.

9. What exactly is "Domiciliary Hospitalisation"?

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Domiciliary Hospitalisation occurs when an insured individual cannot be transferred to the hospital owing to their medical condition or when care is provided at home due to a lack of hospital beds.

10. What are the key elements determining my eligibility to purchase Individual Health Insurance?

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10. What are the key elements determining my eligibility to purchase Individual Health Insurance?

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When you think of purchasing an Individual Health Insurance policy, the first question that comes to mind is if you are eligible to get this Individual Health Insurance. Will this health insurance policy necessitate any medical check-ups? Alternatively, do I need to meet age requirements before enrolling in medical insurance? Well, these questions arise often; however, while purchasing an Individual Health Insurance policy online, you may quickly verify your eligibility before purchasing an Individual Health Insurance Policy in India.

Listed below are the two major factors determining your eligibility to purchase Individual Health Insurance:

  • Pre-existing medical conditions: When purchasing a mediclaim coverage, you must be honest enough to disclose every pre-existing ailment. These ailments do not have to be your typical fever, headaches, or flu. However, you must notify your health insurance provider if you've ever been diagnosed with a sickness, had a congenital disability, had surgery, or had cancer of any severity. Since many conditions are designated as permanent exclusions, only a handful are encompassed with a waiting period. In contrast, others are encompassed by charging an extra premium amount with a waiting period.

  • Age: If you're over the age of 18, you may simply purchase an Individual Health Insurance policy for yourself. Tata AIG covers newborn babies as well; however, the parent must have mediclaim insurance coverage with us. If you're a senior citizen, you may acquire insurance up to the age of 65.

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