NewsVoir
Mumbai (Maharashtra), India – On April 21, Tata Aig General Insurance Company unveiled MediCare Select, an advanced health insurance product designed to broaden access to healthcare coverage. healthcare access across India.
In line with their overall plan, TATA AIG intends to grow its network of hospitals from 11,500 to more than 14,000 locations by the fiscal year 2027. This expansion supports TATA AIG’s commitment to enhancing its retail health offerings and providing advanced healthcare solutions for the future.
Medicare Select is designed as a comprehensive plan aimed at serving a broad range of customers—from infants to senior citizens—without any restrictions based on age. affordability At its essence, the product allows for personalization and provides useful features such as the Young Family Discount and the Professional Discount, which make it available to various income levels and different phases of life.
Neel Chheda, who serves as the Chief Underwriting and Data Science Officer at TATA AIG General Insurance Company Limited, remarked, “With MediCare Select, we combine value, flexibility, and accessibility—providing substantial coverage tailored to meet the shifting healthcare demands of modern consumers. Amid rising medical expenses and evolving health issues, this product allows both individuals and families to remain fully protected without making sacrifices. In the last three years, we have observed an increasing uptake of our retail health products, and this new release aims to expand our outreach into additional regions and demographics, thereby enhancing widespread access to high-quality healthcare.”
Key Characteristics of Medicare Select:
* Revive Unlimited+: Provides limitless restorations of the summed insurance amount throughout the policy year for various conditions, whether connected or not.
* Infinite Advantage: Upon choosing this option, one claim throughout the policy period will be covered with no restriction on the sum insured.
* OPD Coverage: The OPD Care endorsement will encompass outpatient services such as consultations, dental treatment, telemedicine visits, and visual care.
* Benefits Include: The ability to include non-reimbursable hospital supplies such as crepe bandages, gloves, and slings—these items frequently make up a significant portion of overall hospital expenses.
* Maternity Coverage: Choose options for maternity care that include delivery complications as well as vaccines for the newborn during their initial year. There’s also an option to decrease the waiting time from 24 months down to 12 months.
* Professional Advantage: A 7.5% reduction on the premium for employed individuals.
* Early Access: In the case of single premium multi-year policies, the insured sum will be accessible for use at any time throughout the policy duration.
* Youthful Family Discount: 10% off for households with their oldest member being 40 years old or younger.
* Daily Cash Benefits: Offers Rs1200-Rs1500 each day when choosing twin or multi-sharing accommodations, with no impact on the base sum insured or bonuses.
* No Claim Bonus Offers a 50% bonus each policy year (up to a maximum of 100%), but includes a 50% deduction if a claim occurs.
* Favorable Experience Discount: A flat 20% discount upon initial policy issuance and potentially up to an additional 20% during renewal, contingent on claim history over a span of three years.
TATA AIG has recently launched over 70 additional options and perks within their health insurance offerings, establishing a base for advanced and contemporary customizable plans. Emphasizing creativity, ease-of-use, and customer control, MediCare Select represents a crucial advancement in reshaping health coverage for an increasingly knowledgeable and wellness-focused India.
To learn more, kindly visit the website. www.tataaig.com .
(ADVERTORIAL DISCLOSURE: The aforementioned press release has been supplied by NewsVoir ANI will not bear any responsibility for the content thereof).
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