Tata AIG MediRaksha Plan – For the duration of the Insured Period as defined in this Policy, Tata AIG General Insurance Company Limited (We, Our, or Us) will provide the insurance described in this Policy and any endorsements thereto to the Insured Persons listed in the Policy Schedule based on the statements in the Proposal and Declaration Form filled out and signed by the Policyholder. These statements form the basis of this Policy and are deemed to be incorporated herein in exchange for the payment of the required premium when due and compliance with all applicable
Subject to the terms and conditions of this policy, insurance under this policy only covers such and such number of benefits up to the Sum Insured listed in the Policy Schedule. If a person We have authorized signs the Policy Schedule, this policy will take effect.
Tata AIG MediRaksha Plan
The Tata AIG General Insurance Company provides plans for Tata AIG Health Insurance. In January 2001, the American International Group (AIG) and India’s Tata group established the company as a joint venture. The company provides a selection of health insurance plans, some of which are tailored to include coverage for COVID-19, critical illnesses, and maternity leave.
An internal claims team at the Tata AIG General Insurance Company expedites claim resolution. Additionally, the company’s incurred claim ratio of 86.53% (2024) speaks volumes about the state of its finances.
Tata AIG MediRaksha Plan Details
| Name Of Article | Tata AIG MediRaksha Plan |
| Tata AIG MediRaksha Plan | Click Here |
| Category | Insurance |
| Official Website | Click Also |
What is the Plan all About?
Welcome to our blog! Our aim is to provide helpful information on a variety of topics, so that you can make informed decisions. On this page, we want to talk about the plan. What is the plan, you ask? The plan is a deliberate set of steps that you take towards your goals. The plan is a roadmap to success. It’s a guide that helps you get from where you are to where you want to be. The plan doesn’t happen overnight – it requires dedication and hard work. But it’s worth it, because the rewards are worth it! So what are you waiting for? Start planning your success today!
MediRaksha is a type of health insurance that covers you and your family in the event of a medical emergency. It’s a health insurance plan that covers hospital stays and procedures.
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Key Features Tata AIG MediRaksha Plan
If you are looking for a comprehensive and affordable health insurance policy, the Tata AIG MediRaksha Plan may be a good option for you. The plan offers coverage for a variety of medical expenses, including hospitalization, surgeries, and medical treatments. It also offers coverage for accidental injuries, injuries while traveling, and birth and maternity expenses. The plan is available as an individual policy or as a family policy.
- Comprehensive family health insurance Get a discount of 7.5% when you buy a policy for two years.
- There is no loading on the renewal premium. Claims can be settled quickly.
- The policy can be renewed for life.
Policy Benefits Tata AIG MediRaksha Plan
Tata AIG MediRaksha Plan is a global insurance product launched in October 2018. The plan provides benefits to customers in the event of any unforeseen medical emergency. The plan is designed to provide global peace of mind for customers and their families, and has been designed with a focus on customer experience. Here are some of the key policy benefits that you can enjoy under the Tata AIG MediRaksha Plan.
- In-patient hospitalization costs are canvassed as referenced in the Arrangement.
- Pre hospitalization costs are concealed to a limit of 30 days before you are hospitalized and Post hospitalization costs are concealed to a limit of 60 days after you are released.
- multi day care methods which need the safeguarded to be hospitalized for under 24 hours are covered.
- Organ giver costs caused towards collecting the organ are covered.
Value Added Benefits
- Aggregate Protected can be improved upon restoration of the arrangement.
- Wellbeing examination is covered after 4 ceaseless case free strategy years.
- Pre-strategy clinical examination isn’t needed as long as 55 years old.
- Profit credit only office across a wide organization of emergency clinics.
- Profit tax breaks u/s 80D according to IT Act, 1961 for premium paid for this arrangement.
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Sub Limits Tata AIG MediRaksha Plan
The Tata AIG MediRaksha plan has come into effect. This plan allows people to claim a total of Rs 2 lakh in claims and Rs 1 lakh in medical expenses in each fiscal year. The maximum amount that can be claimed in a single year is Rs 5 lakh. The plan is not compulsory and individuals have the option to opt out of it. Here are some important points to know about the Tata AIG MediRaksha plan.
- Room Lease: Up to 1% of the aggregate protected is payable towards room lease each day premise.
- Copayment of 15%, on every single case under this strategy
- 15% co-pay applies for every single case.
- ICU charges each day are covered up to 2% of the aggregate protected.
- 1% of the total safeguarded or real costs caused, whichever is lower is payable for each pre and post hospitalization.
- Wellbeing examination is concealed to 1% of the total safeguarded, dependent upon a limit of Rs 1000 for each guaranteed individual.
Waiting Period Clause
- Starting Holding up Period: A holding up time of 30 days from the beginning date for all hospitalization claims besides in the event of mishaps.
Explicit Holding up Period: 2 Years Sitting tight Period will be relevant for explicit diseases. - Prior Infection Holding up Period: Any previous affliction/injury that was analyzed/procured in the span of a long time from the issuance of the principal strategy.
Who can Buy the Plan?
| Factor | Minimum | Maximum |
| Age (as on last birthday) | Adult: 18 Years, Children: 91 Days | Adult: 65 Years, Children: 21 Years |
| Sum Assured | 0.5 Lac | 1 Lac |
| Cover Type | Individual/Family | – |
| Policy Tenure | 1 Year | 2 Years |
| Grace Period | 30 Days | – |
| Free Look Period | 15 Days | – |
| Riders | Nil | – |
Exclusions Tata AIG MediRaksha Plan
Tata AIG MediRaksha Plan has been excluded from the schemes mentioned in the Auto Insurance Policy Exclusions Update. The updated list of schemes includes the Tata AIG MediRaksha Plan. This exclusion means that the policyholder is not eligible for any benefits under this plan. The list of benefits available under the policy includes Trip Cancellation and Emergency Medical Evacuation benefits.
- War, attack, demonstration of unfamiliar adversary
- Break of regulation with criminal purpose
- Cooperation in risky/experience sports
- Deliberately self-incurred injury/sickness
- Corpulence/other weight control systems
- Pregnancy and labor related treatment
- Dental treatment/medical procedure
- Non allopathic treatment, and so on.
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