TATA AIG Critical Illness Policy

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      TATA AIG Critical Illness Policy

      This is a special health insurance policy that offers a lump sum payment on diagnosis of certain critical illnesses so that the policy holder can use the money for treatment of the disease. This policy aims to cover major illnesses which can otherwise become a drain on a family's finances. It can be bought along with the basic health policy for an enhanced coverage in worst situation.

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      TATA AIG Health Insurance at a Glance:

      Key Features

      Highlights

      Network Hospitals

      3000+

      Incurred Claim Ratio

      60.68

      Renewability

      Lifelong

      Waiting Period

      4 years

      Key Features

      • Cashless hospitalization at 5000+ hospitals
      • Lifelong renewal provided premium is paid without any break.
      • Coverage for 11 specified critical illness
      • No medical test or examination required to enroll into the policy
      • Can be purchased in addition to any basic mediclaim or health insurance policy
      • Lumpsum benefit is given to the policyholder if diagnosed with any of the 11 critical illness
      • Coverage amount ranging from Rs.2.5 lacs to Rs.15 lacs
      • Income tax benefit on the premium paid as per Section 80D of the Income Tax Act.
      • Free Look Period of 30 days from the date of receipt of the Policy document to review the terms and conditions of this Policy

      Details About Premium

      Annual premium in Rupees

       


      Sum Insured (in Rs)

       

      Age (in years)

      2.5 lakh

      3.5 lakh

      5 lakh

      7.5 lakh

      10 lakh

      15 lakh

      18-24

      936

      1270

      1777

      2581

      3366

      4880

      25-29

      1263

      1714

      2581

      3483

      4543

      6587

      30-34

      1704

      2314

      3237

      4702

      6133

      8892

      35-39

      2471

      3355

      4694

      6818

      8892

      12894

      40-44

      4345

      6038

      8448

      12271

      16006

      23209

      45-49

      7781

      10566

      14783

      21474

      28009

      40613

      50-54

      12449

      16905

      23652

      34357

      44814

      64980

      55-59

      19918

      27048

      37843

      54971

      71702

      103967

      60-64

      38639

      54094

      77277

      115914

      154552

      231828

      Policy Details

      Minimum sum assured – 2.5 lakhs

      Maximum sum assured – 15 lakhs

      Coverage type: Individual

      No claim bonus: none

      Grace period: 30 days for renewing the Policy. However, coverage would not be available for the period for which no premium has been received.

      Policy termination: 3 months prior to the expiry of the policy

      Additional Features Or Riders

      • Sum Assured can be enhanced at the time of  renewal
      • Wellsurance Health Perks -  Discounts on selected health check up packages at our wide range of network hospitals
      • Policyholders can get a second opinion from Tata AIG’s empanelled doctor’s in the US for free of cost
      • Option to choose coverage of 6 different levels
      • Critical illness plan provides world-wide protection cover for 365 days of the year

      Exclusions

      • Pre existing diseases are not covered for the first 4 years
      • Treatment done in the first 30 days from the commencement of the policy, unless the treatment is done as a result of accident or emergency. This is referred to as a waiting period.
      • Any illness or disease contracted due to intake of alcohol/drugs or other addictive substances will not be covered.
      • The waiting period for specific conditions will be 24 months Any pre-existing condition will be covered after a waiting period of 48 months
      • Any treatment which begins during waiting periods except Accident related / War / Intentional self injury or attempted suicide / Abuse of drugs and alcohol and nicotine addiction/ Sleep Apnoea / Treatment of Obesity / Maternity / Psychiatric or mental disorders / Congenital diseases / Conditions which arise out of HIV/AIDS / etc.

      Documents Required

      A policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof. Medical examination may be required in some cases, based on the sum assured and the age of the person.

      Eligibility

      Entry age for the policyholder, spouse and parents is 18 years to 65 years with lifetime renewal option.

      Policybazaar exclusive benefits
      • 30 minutes claim support*(In 120+ cities)
      • Relationship manager For every customer
      • 24*7 claims assistance In 30 mins. guaranteed*
      • Instant policy issuance No medical tests*
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      Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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      *We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30- minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881.

      *Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.

      *All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.

      **All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.

      *₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.

      *₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases

      *₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.

      *₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.

      *No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.

      *The values taken for effective cost calculation are indicative values and may change as per the selected plan.

      *Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.

      *Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.

      *The scope of coverage may vary from plan to plan.

      ~Source: Google Review Rating available on:- http://bit.ly/3J20bXZ

      ##On ground claim assistance is available in 114 cities

      Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.

      STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

      Policybazaar is a registered Composite Broker |Registration No. 742, Valid till 09/06/2024, License category- Composite Broker| Visitors are hereby informed that their information submitted on the website may be shared with insurers.

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