TATA AIG MediCare Select vs. Traditional Health Insurance Plans

A health insurance policy covers your medical expenses during illnesses or emergencies. It offers financial support by covering hospital bills, doctor visits, tests, and sometimes even medicines. With the right plan, you do not need to worry about unexpected medical costs draining your savings.

A traditional health insurance plan usually offers basic or standard health insurance coverage for essential healthcare requirements. These plans come with fixed features and may have limited customisation options. They can be offered by private insurers or the government.

On the other hand, TATA AIG MediCare Select is a fully customisable health insurance policy that offers various optional covers and riders to modify the policy based on your specific needs. It comes with higher coverage and added features such as unlimited restoration of the sum insured, coverage for women-specific health issues and needs, wellness benefits, and more. It is designed to match today’s healthcare needs,

Also Read: 15 Terms You Must Know Before Buying Health Insurance.

Also Read: [How to Compare Health Insurance](Also Read: How to Compare Health Insurance.).

TATA AIG MediCare Select is a comprehensive health insurance plan that offers extensive coverage and flexibility. It caters to individuals and families seeking robust health protection with added benefits.

With TATA AIG MediCare Select, you can personalise health insurance to align with your specific requirements, whether they are small or big.

Key Features and Benefits of TATA AIG MediCare Select

• Sum Insured Options: Choice of sum insured between ₹5 lakh and ₹3 crore to accommodate various financial needs.
• Restore Infinity Plus: Provides unlimited restoration of the sum insured to cover unexpected emergencies.
• Maternity Care: Covers maternity expenses, delivery complications, and first-year vaccinations after a 2-year waiting period.
• Infinity Advantage: Offers coverage with no limit for one claim during the policy's lifetime.
• Early Access Benefit: Allows multi-year policyholders to utilise the entire sum insured anytime during the policy tenure.
• Advanced Cover: Reduce the waiting period for certain specific pre-existing diseases to 30 days.
• Women-specific Riders: EmpowerHer rider for wellness counselling, PCOS diagnosis and treatment and specialised screenings and vaccinations for critical illnesses
• Consumables Cover: Includes non-medical items like bandages and syringes.
• No Claim Bonus: Offers a 50% cumulative bonus or a 1% discount on renewal premiums for every claim-free year.
• Teleconsultation Services: Access to medical consultations via phone or video calls.
• Digital Platform: Manage policies, renewals, and claims through TATA AIG's online portal.

Also Read: Health Insurance Add-Ons/Riders

Ideal For

Ideally, everyone should have a custom health insurance plan. It helps you choose and pay for coverage that you need. TATA AIG MediCare Select is designed to suit various categories of individuals across different life stages.

• Young and Salaried Individuals: Customise health insurance coverage for routine healthcare needs, such as OPD care and preventive health check-ups. TATA AIG MediCare Select provides a 7.5% professional discount for salaried customers.
• Young Families: Cover maternity care, including delivery complications and newborn vaccinations. It helps young couples plan ahead and prepare for their life’s important milestones.
• Families with Children: Get family floater coverage for your spouse and dependent children. It offers a 10% Young Family Discount if the eldest insured member is 40 years old or below.
• Individuals with Chronic Health Conditions: Cover consultations and treatments for chronic issues like diabetes and hypertension, including check-ups and medications. You can reduce the waiting period for specific pre-existing diseases to 30 days.
• Individuals with Hereditary Risks: Cover the treatment for critical illnesses with extensive coverage and unlimited restoration benefits. It is important for individuals who have a family history of critical or related conditions.
• Women: Benefit from gynaecology consultation and counselling services, consultation, diagnostic tests and treatment for PCOS and specialised screening for breast cancer, ovarian cancer and more.
• Senior Citizens: Benefit from unlimited restoration of the sum insured during the policy year, coverage for medical expenses with no limit on the sum insured for one claim, and more. TATA AIG MediCare also has no upper age limit for purchasing the policy.

TATA AIG MediCare Select stands out as a comprehensive health insurance solution with extensive options for additional benefits and new-age digital tools for a hassle-free experience. It can meet the various needs of different individuals.

Also Read: Benefits of Comprehensive Health Insurance Plan

Traditional health insurance plans offer reliable and standardised coverage for essential healthcare needs. It can be primarily associated with covering hospitalisation expenses.

Key Features and Benefits

• Fixed Sum Insured: Traditional health insurance plans offer a pre-defined coverage amount to cover hospitalisation and treatment costs.
• Comprehensive Coverage: A traditional health insurance policy can also cover pre- and post-hospitalisation, daycare procedures and more.
• Flexibility: While there is flexibility in choosing between individual and family floater policies, options for additional covers are generally limited.
• Offline Processes: Traditional health insurance plans are often managed through offline channels to reach remote locations.
• Limited Conditions: You may receive the lump sum benefit with fewer restrictions and minimal conditions, making it easier to claim the benefits.
• Affordable Premiums: With basic coverage and limited add-ons, the premium for traditional health insurance plans comes at lower, budget-friendly premiums.

Ideal For

• Individuals seeking Basic Coverage: Offers dependable and basic coverage for hospitalisation based on simple and easy-to-understand features.
• Individuals on a Budget: Offers essential healthcare protection at an affordable premium.
• Senior Citizens seeking Standard Coverage: Beneficial for elderly people with no major health complications.
• Individuals convenient with Offline Processes: Individuals who prefer offline processes and may not be comfortable using digital platforms

Before choosing the best mediclaim policy for your healthcare needs, it is important to pause and consider a few key factors. These will help you understand how much coverage you actually need and what kind of plan suits you best, not just today but in the long run.

Things to Do Before Choosing the Best Mediclaim Policy

• Evaluate your Healthcare Needs - Assess key factors, such as your age, health condition and family medical history, to determine the extent of coverage required.
• Coverage Features and Benefits - Compare the features and benefits to choose a suitable policy that fits your specific healthcare needs.
• Policy Terms and Conditions - Review your policy document to understand what is covered and not covered under the policy.
• Premium - Determine the premium. Remember, the right plan is not always the cheapest; it is the one that fits your health needs best today and tomorrow.

Also Read: How Much Health Insurance Do You Need?

Selecting the best individual health insurance plan or family health insurance policy relies on both your present healthcare needs and future requirements. Traditional health plan benefits may offer basic support, but they often lack flexibility and modern features. If you are looking for complete protection with value-added benefits, TATA AIG MediCare Select offers a smarter choice.

With TATA AIG MediCare Select, we bring you a health insurance policy designed for modern living. With a sum insured up to ₹3 crores, no pre-policy medical tests for individuals up to 45 years, cashless treatment at 12,000+ hospitals, and unlimited restoration benefits, our MediCare policy ensures robust coverage.

We also offer teleconsultation, early access to the sum insured, and easy digital claim processes. Our plan adapts to the healthcare needs of a young individual, family person, or senior citizen.

When you buy health insurance from us, you are choosing reliability, innovation, and round-the-clock support. We make health protection easy, efficient, and accessible for everyone.

Can I port my traditional health insurance policy to TATA AIG?

Yes, you can port your traditional health insurance policy to the TATA AIG MediCare policy. This process allows you to switch insurers while retaining key benefits such as your No Claim Bonus (NCB) and credit for waiting periods already served.

What is the 'Early Access' feature in TATA AIG MediCare Select?

The 'Early Access' benefit allows policyholders with multi-year single premium policies to utilise the combined sum insured of the entire policy period at any time during the policy term. This feature provides flexibility in managing large medical expenses without waiting for annual limits to reset.

What is the 'Restore Infinity Plus' benefit in TATA AIG MediCare Select?

The 'Restore Infinity Plus' feature allows unlimited restoration of the sum insured during the policy year if the base sum insured and cumulative bonus are exhausted. This ensures continuous coverage without additional premium payments.

Does TATA AIG MediCare Select offer any benefits for choosing shared hospital accommodation?

Yes, the plan provides a daily cash benefit ranging from ₹1,200 to ₹1,500 for opting for twin or multi-sharing hospital rooms. This benefit is offered without affecting the base sum insured or any accrued bonuses.

How many TATA AIG MediCare insurance plans are there in TATA AIG?

TATA AIG offers several MediCare health insurance plans tailored to diverse healthcare needs. These include the following:

• TATA AIG MediCare: It is a comprehensive plan covering hospitalisation, pre- and post-hospitalisation, daycare procedures, and global coverage. Visit TATA AIG Medicare for more details.

• TATA AIG MediCare Premier: It is an enhanced version with additional features like home care treatment, high-end diagnostics, and global coverage for planned hospitalisation. Refer to TATA AIG MediCare Premier for more details.

• TATA AIG MediCare Plus (Super Top-Up): It supplements existing health insurance policies by providing additional coverage once the deductible limit is crossed. Visit TATA AIG MediCare Plus for more details.

• TATA AIG MediCare Select: It provides customised benefits and coverage to suit individual health needs at various stages of life. Refer to TATA AIG MediCare Select for more details.
  Each TATA AIG medicare policy is structured to address specific healthcare requirements. It ensures individuals can choose a policy that best aligns with their medical needs and financial considerations.