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Tata AIG MediCare Premier

Introduction to Tata AIG MediCare Premier

TATA AIG MediCare Premier is a health insurance policy offered by Tata AIG General Insurance Company Limited. Health insurance is a type of insurance policy that covers hospitalization expenses incurred as a result of any illness, accident, or injury. Tata AIG's MediCare Premier Plan offers several advantages and features. With this plan, you can ensure that you receive quality care without having to worry about the high medical costs associated with it. 

Verdict: Tata AIG MediCare Premier

This plan has some distinct features and benefits, making it a good choice if you want to purchase a plan that is tailored to your specific healthcare needs. Besides covering hospitalization and related expenses, it also covers maternity expenses, dental treatment expenses, the cost of bariatric surgery that is performed for weight loss, and the cost of consumables. On the flip side, it is slightly more expensive in comparison to other plans in the market and doesn't provide the monthly premium payment option. And, according to our research, the insurer has received fewer claim settlement complaints but a higher number of policy purchase complaints.

Pros & Cons: Tata AIG MediCare Premier

  • arrow Covers in-patient dental treatment due to disease or injury
  • arrow Covers Bariatric surgery for weight loss
  • arrow Covers non-medical expenses or the cost of consumables such as gloves, oxygen masks, nebulization kits, etc.
  • arrow Covers expenses associated with pregnancy
  • arrow Covers outpatient department costs, such as medications, tests, consultations, etc.
  • arrow Received fewer complaints on claim settlement compared to other insurers
  • arrow Our study observed their responses on Twitter to be relatively quicker than other insurers
  • arrow Slightly costlier than other products in the market
  • arrow Limitations on the type of hospital room you choose
  • arrow Monthly premium payment mode not available
  • arrow Received higher number of complaints during policy purchase compared to other insurers

Specific Exclusions: Tata AIG MediCare Premier

01 Treatment for alcoholic pancreatitis
02 Treatment related to external birth defects or anomalies
03 Stem cell therapy except for for bone marrow transplant for haematological conditions
04 Growth hormone therapy
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About Tata AIG General Insurance Company Limited

Tata AIG General Insurance Company Limited logo

Tata AIG General Insurance Company Limited is a joint venture between the Tata Group and American International Group. The company provides an extensive range of insurance products such as Home Insurance, Motor Insurance, Travel Insurance, Health Insurance, Rural-Agriculture Insurance, etc for individuals and Property & Business Interruption Insurance; D & O, Professional, and General Liability Insurance for corporates, among others. It was founded in 2001 and is headquartered in Mumbai, Maharashtra. Mr. Neelesh Garg is the company's CEO and MD.

Founded in
2001
JV Partners
Tata Group and American International Group
Turnover (GWP)
1361.91 Crores
Number of Policies
91,37,054
Number of Claims
14,83,598

Detailed Product Specs: Tata AIG MediCare Premier

Claims Experience advisor
Customer Service advisor
Product Benefits advisor
Limits and Exclusions advisor
% of claims settled in less than 30 days
Reflects on the speed of settling valid claims
64.70%
% of Complaints received on overall claims
% customers unhappy with claims experience
0.10%
Claims Incurred Ratio
90.22%
Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?
83.17%
No. of Cashless Hospitals
7,200+
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