Introduction to Tata AIG MediCare

TATA AIG Medicare is a health insurance policy offered by Tata AIG General Insurance Company Limited. A health insurance plan promises to pay for hospitalization-related expenses. It acts as a protective shield for savings and healthcare, so you and your family can live a happy, fulfilling life. Tata AIG's MediCare Plan offers several advantages and features. With this plan, you can ensure that you and your loved ones receive quality care without having to worry about the high medical costs associated with it. 

Verdict: Tata AIG MediCare

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 dental treatment expenses as well as the cost of bariatric surgery that is performed for weight loss. You, however, cannot pay the premiums on a monthly basis - and the plan is slightly more expensive in comparison to other plans in the market. 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

  • 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 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

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

Claims Experience advisor
Customer Service advisor
Product Benefits(10L Sum Insured) 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+

Notes
  1. The health insurance data was last updated in January 2023. All data has been sourced from product brochures, policy wordings, prospectus, public disclosures (FY 2021-2022), insurer websites, and the IRDAI website.
  2. Only plans that are currently available for purchase online have been considered.
  3. For now, we have considered the most comprehensive plans from leading insurance companies. We will keep updating the Decoder Pages with new plans in the coming days.
  4. The affordability of the plans is assessed using premiums for a family of two adults and one child. And, the premiums are as of 31st December 2022.
  5. The product benefits section is based on a sum insured of ₹10 Lakhs and only highlights the top benefits and features of the plans. We will keep updating the Decoder Pages with new benefits and features periodically.
  6. Only those hidden and special conditions that apply to the benefits and features we have considered are included in the Decoder Pages. 
  7. The Decoder Pages only include the most significant specific exclusions under each plan.
  8. The Decoder Pages do not include any generic terms, conditions, or exclusions (those that are the same and apply to all health insurance plans).
  9. The response time on Twitter (Beta) was calculated using a sample set of tweets from April, May, and June 2022 (analyzed in August, September, and October 2022). 
  10. The claims experience data has been sourced from insurance company websites and public disclosures as of March 31, 2022.
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