No Claim Bonus in TATA AIG MediCare Select: A Complete Guide

Written by : TATA AIG Team
·
Published on : 2025-08-08

Health insurance, in itself, is a valuable financial tool that helps people maintain their well-being and financial stability during a medical emergency. However, there is a lesser-known benefit of getting health insurance, which is a No Claim Bonus(NCB). NCB in insurance is a valuable feature that enables policyholders to receive additional financial benefits without incurring any extra costs.

Share this article

share icon

Health Insurance You Can Trust

Self
Wife
Son
Daughter
Father
Mother
Mother In Law
Father In Law

List of Content

  • bullet
    What is No Claim Bonus in Health Insurance?
  • bullet
    Is there NCB in TATA AIG MediCare Select?
  • bullet
    Types of NCB in TATA AIG MediCare Select
  • bullet
    Cumulative Bonus: Limits and Conditions - What You Should Know?
  • bullet
    Benefits of No Claim Bonus in Health Insurance
  • bullet
    How to Claim No Claim Bonus with TATA AIG MediCare Select?
  • bullet
    How to Increase NCB With TATA AIG MediCare Select?
  • bullet
    Summing Up

What is No Claim Bonus in Health Insurance?

A no-claim bonus is a reward in the form of a financial benefit given to policyholders who have not made any claims during a policy year. It applies to every claim-free year.
Under this benefit, you may receive a bonus on the sum insured or a discount on the premium.

Also Read: No Claim Bonus in Health Insurance

Is there NCB in TATA AIG MediCare Select?

Yes, the TATA AIG MediCare Select plan provides a no-claim bonus on the health policy. We appreciate you taking care of your health and making no claims in a policy year.

In TATA AIG MediCare Select, you get the option to choose between two options for no claim bonus: Cumulative Bonus and Discount in Renewal Premium.

For every policy year, you can choose between the two options, depending on which one you find more beneficial.

Now, let us take a closer look at what each of these options means.

Types of NCB in TATA AIG MediCare Select

Cumulative Bonus

Under this benefit, if you have a past no-claim policy year, then your sum insured or coverage amount of the health policy will be increased by 50% of the base sum insured.

The cumulative bonus comes with certain limits and conditions. We will explore these in the next section.

Discount in Renewal Premium

As per this type of no-claim bonus, you can benefit from a discount on the renewal premium amount of up to 1% for every claim-free year.

You can benefit from this discount as long as you continue to renew your policy with us without any break in coverage.

Cumulative Bonus: Limits and Conditions - What You Should Know?

Maximum Limit

A 50% cumulative bonus will be applied to the base sum insured of the expiring health policy on each renewal after every claim-free policy year.

However, this is applicable only when the policy is renewed every year without any break in coverage. And the cumulative bonus may be availed up to 100% of the sum insured in any policy year.

Impact of Claims

If a claim is made after a cumulative bonus has been provided, the bonus will be automatically decreased by 50% of the sum insured in the following policy year.

However, there will be no impact on the base sum insured. Only the accrued cumulative bonus amount is reduced.

Policy Coverage Changes

Suppose the sum insured under the health policy is reduced during renewal. In that case, the accrued cumulative bonus under this policy shall be decreased in proportion to the reduced sum insured amount.

Family Floater Plans

In family floater plans, the cumulative bonus will be available to those members who were insured during and continue to be covered in the subsequent policy year.

Policy Lapse

Remember to renew your policy on time, as your cumulative bonus can lapse if your policy is not renewed before policy expiry.

Also Read: Health Insurance Renewal Online

Benefits of No Claim Bonus in Health Insurance

Better Financial Protection

With no claim bonus, you get to increase your health insurance coverage that will meet your healthcare requirements. It means better financial protection against medical emergencies without even paying more for the premium.

Reduced Premium

With the discount on the renewal premium, you can benefit from a slightly lower premium every year. This makes your health insurance more affordable over time while still ensuring comprehensive coverage.

Portability

The NCB benefit is portable, which means you can transfer your accrued no claim bonus from one insurer to another. Now, if you have earned a no claim bonus with your previous insurer, you carry forward the benefit to TATA AIG and continue to enjoy its advantages.

Encourages To Stay Healthy

No claim bonus is acquired for every claim-free policy year, and you can have a claim-free year only if you stay fit. This incentive of a no-claim bonus encourages people to maintain their health and take care of themselves in the long run.

How to Claim No Claim Bonus with TATA AIG MediCare Select?

  • Step 1 - Give your Choice - At the time of policy purchase, select your preferred type of no claim bonus, either a cumulative bonus or a discount on renewal premium.

  • Step 2 - Renew your Policy - Make sure to renew your policy before the actual expiry date to ensure the no claim bonus benefits.

  • Step 3: Enter the Required Details - Enter your policy number and proceed to renew. Your no claim bonus will automatically reflect on your coverage or premium. You can contact us in case of any discrepancies.

If you are porting your health insurance policy to TATA AIG, you can request for an NCB Certificate from your previous insurer and give it to us at the time of policy purchase to retain your no claim bonus.

How to Increase NCB With TATA AIG MediCare Select?

Here are some ways to increase your no-claim bonus with TATA AIG MediCare Select insurance.

Maintaining Healthy Lifestyle

By ensuring a healthy lifestyle, you can avoid diseases and conditions. It is not only great for your health in the long run, but as you remain healthy, there will be no chance of needing to claim insurance. This way, you can earn a no-claim bonus for yourself for every claim-free year.

Timely Renewal

When you renew your health policy with TATA AIG, you get to keep your no claim bonus. However, make sure to renew your insurance before expiry; otherwise, you will lose your accumulated no-claim bonus benefits.

Read Policy Terms Carefully

As explained earlier, there are certain conditions on the no claim bonus that need to be fulfilled to get the benefit. Make sure you read all the policy terms and conditions carefully to avoid any inconvenience.

Summing Up

In times when healthcare services and products are getting more and more expensive, a no claim bonus is a great way to increase your current plan coverage without any extra pay. Moreover, with TATA AIG MediCare Select mediclaim policy, you have the option to choose between two types of NCB: a cumulative bonus and a discount on renewal.

In addition to NCB benefits, TATA AIG MediCare Select offers optional covers like the Infinite Advantage and Early Access, along with riders such as EmpowerHer and Mental Wellbein, allowing you to fully customise the plan to suit your specific healthcare needs.

TATA AIG offers a wide range of individual health insurance and family health insurance plans to cater to different life stages and medical requirements.

You can compare our plan options and buy health insurance online with us in a few simple steps!

Health Insurance You Can Trust

Self
Wife
Son
Daughter
Father
Mother
Mother In Law
Father In Law

Frequently Asked Questions

No Data Found

Share this article

share icon
Access your policy details in second

Download our app for exclusive features

App
4.5star
Android
4.6star
IOS
2 M+
Users

Tata AIG Also Offers Insurance for the below products

Two Wheeler Insurance

Travel Insurance

Car Insurance

Health Insurance

scrollToTop