Tata AIG Individual Accident Sickness Hospital Cash Plan 2024 benefits, Features, Buy & Renew

Tata AIG Individual Accident Sickness Hospital Cash Plan 2024: The AIG Individual Accident and Illness Hospital Cash Plan is a valuable addition to an individual’s health insurance strategy and can be combined with various other healthcare coverage plans. This plan is a unique offering by Tata AIG Insurance, providing coverage for Accident In-Hospital Reimbursement, Illness In-Hospital Reimbursement, and Accident Medical Expense Reimbursement.

Tata AIG Individual Accident Sickness Hospital Cash Plan 2024

The Tata AIG Individual Accident Sickness Hospital Cash Plan is a comprehensive insurance solution provided by Tata AIG Insurance. This plan is designed to offer financial protection in the event of accidents or illnesses that require hospitalization. It covers a wide range of scenarios, including accidents and sicknesses, ensuring that individuals have a safety net in place for unexpected medical situations.

The plan includes several key features:

  • In-Hospital Reimbursement: It offers reimbursement for medical expenses incurred during hospital stays due to accidents or illnesses.
  • Accident Coverage: The plan covers medical costs resulting from accidents, ensuring that individuals are financially supported when unexpected injuries occur.
  • Illness Coverage: It also extends coverage to illnesses that require hospitalization, easing the financial burden on individuals during times of health challenges.
  • Complementary Coverage: This plan can be combined with other health insurance plans, making it a versatile and valuable addition to an individual’s overall insurance strategy.
  • Financial Support: By providing financial support during hospitalization due to accidents or illnesses, the plan aims to reduce the financial stress that can arise from unexpected medical circumstances.

For those seeking to learn more about the Tata AIG Individual Accident Sickness Hospital Cash Plan and how to apply, the official Tata AIG Insurance website offers additional information and resources. This plan can provide individuals and their families with peace of mind, knowing that they are protected against unforeseen medical events that may arise in their lives.

Tata AIG Accident Plan Details 2024

Tata AIG Accident Plan Details 2024
Name Of Article Tata AIG Accident Plan Details 2024
Tata AIG Accident Sickness Hospital Cash Plan Click Here
Category Insurance
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Key Features of TATA AIG Individual Accident Policy:

If you’ve experienced a workplace accident or illness, understanding the prominent features of the Tata AIG Individual Accident & Sickness Hospital Cash Policy is essential. This policy is designed to provide you with the financial assistance necessary to recover and rebuild your life after such challenges.

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Here are the key highlights of this policy:

  • Everyday Money Benefit: This feature helps alleviate unforeseen financial burdens during hospitalization.
  • 5000+ Network Hospitals: The policy offers credit-only hospitalization at a vast network of over 5000 medical facilities.
  • Lifetime Renewal: Provided premiums are paid without significant breaks, the policy ensures lifelong coverage renewal.
  • Flexible Options: Choose from 5 convenient propositions offering varying levels of coverage against hospitalization expenses.
  • No Medical Examination: Applicants up to 45 years old and up to a Sum Assured of Rs 5 lakhs can avail coverage without a medical examination.
  • Extended Hospitalization Cover: The policy offers Hospitalization Cash for up to 180 days in case of Accidents or Illnesses.
  • Tax Deduction: Benefit from annual tax deduction on the premium paid as per Section 80D of the Income Tax Act.
  • Prompt Issuance: Count on the policy being issued without delay.
  • 15-Day Free Look Period: Enjoy a 15-day period from policy receipt to review and understand the terms.
  • Hospital Freedom: The policy places no restrictions on the choice of hospitals.
  • High Coverage: Benefit from substantial coverage amounts, reaching up to 27.25 lakhs.

This policy provides you with a safety net, ensuring that unexpected accidents or illnesses don’t derail your financial stability. It’s a tool to regain your footing and secure your future.

Eligibility Criteria:

  • The age bracket for policyholders, spouses, and parents ranges from 18 to 65 years, offering the option for lifetime renewal.
  • This insurance is referred to as the Tata AIG Individual Accident and Sickness Hospital Cash Policy.

Benefits of TATA AIG Individual Accident & Sickness Hospital Cash Policy 2024

Advantages of TATA AIG Individual Accident & Sickness Hospital Cash Policy:

  1. Comprehensive Coverage: The policy offers a comprehensive coverage package that extends to both accidents and illnesses, ensuring financial support during unexpected medical situations.
  2. Hospitalization Benefit: With a unique everyday money benefit, the policy assists in managing unforeseen financial burdens during hospitalization, helping to cover various expenses.
  3. Extensive Network Hospitals: The policy provides the convenience of credit-only hospitalization across a wide network of 5000+ medical facilities, making healthcare accessible and hassle-free.
  4. Lifetime Renewal: You can benefit from lifelong coverage renewal options, provided you maintain premiums without major lapses, ensuring continuous protection against accidents and illnesses.
  5. Flexible Options: The policy offers flexibility with a choice of options, allowing you to select from 5 different propositions with varying levels of coverage, tailored to your specific needs.
  6. No Medical Examination: For applicants up to 45 years and up to a certain Sum Assured, the policy eliminates the need for a medical examination, making the application process smoother.
  7. Extended Hospitalization Cover: The policy offers an extended Hospitalization Cash benefit for up to 180 days in cases of accidents or illnesses, providing sustained financial support during prolonged medical care.
  8. Tax Deduction: Benefit from potential tax deductions on the premium paid under Section 80D of the Income Tax Act, adding a financial incentive to your insurance investment.
  9. Prompt Issuance: The policy is issued without significant delays, ensuring a quick and efficient process from application to issuance.
  10. Free Look Period: Enjoy a 15-day free look period from the date of policy receipt to review and comprehend the policy terms, providing you with a chance to make an informed decision.
  11. Freedom of Hospital Choice: The policy allows you the freedom to choose from a wide range of hospitals, giving you control over your healthcare decisions.
  12. High Coverage Limits: With coverage reaching up to 27.25 lakhs, the policy offers substantial financial protection, offering peace of mind against substantial medical expenses.
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The TATA AIG Individual Accident & Sickness Hospital Cash Policy is designed to provide comprehensive and flexible coverage, helping you manage unexpected medical events with confidence.

Individual Benefits (in Rs)
Coverage 2.75 lakh 5.5 lakh 10.95 lakh 16.4 lakh 27.25 lakh
Sickness Hospital 500 per day 1000 per day 2000 per day 3000 per day 5000 per day
Accident Hospital 1000 per day 2000 per day 4000 per day 6000 per day 10000 per day
Accident Medical Exp. Reimbursement 5000 10000 15000 20000 25000

Policy Premium Details

In the contemporary world, our lives are marked by constant mobility, irrespective of our location. This continuous motion can give rise to unexpected situations, and this is where accidents enter the picture. Regardless of whether you’re behind the wheel or a passenger, having coverage for accidents is crucial. An insurance policy that could capture your interest is the TATA AIG Individual Accident & Sickness Hospital Cash Insurance Policy. Here are essential insights about this policy that you should acquaint yourself with.

Annual Premium (in Rs.)
Coverage 2.75 lakh 5.5 lakh 10.95 lakh 16.4 lakh 27.25 lakh
Self only 748 1482 2822 4162 6712
Family option 2355 4670 8890 13110 21143

TATA AIG Individual Accident & Sickness Hospital Cash Policy Details:

Here are the policy specifications for your understanding:

  • Minimum Sum Assured: The minimum coverage amount is 2.75 lakhs.
  • Maximum Sum Assured: The maximum coverage amount goes up to 27.25 lakhs.
  • Coverage Types: This policy offers both individual and family floater options.
  • No Claim Bonus: For a span of up to 5 years, a 5% increase of the original benefit is incorporated into the sum insured as a no claim bonus.
  • Grace Period: A 30-day grace period is provided to reinstate the policy. During this time, however, coverage won’t be applicable.
  • Policy Termination: The policy can be terminated up to 3 months before its expiry.
  • Additional Features or Riders: You can enhance the Aggregate Guaranteed amount upon renewal. Additionally, the option to switch to a similar health insurance policy will be available upon reaching the specified retirement age.

These details encompass the key aspects of the policy, ensuring you have a clear understanding of its provisions and benefits.

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Exclusions in Tata AIG Individual Accident Sickness Hospital Cash Plan 2024

If you have a pending claim under the Individual Accident Sickness (IAS) policy with Tata AIG, it’s crucial to carefully review the exclusions outlined in the Cash Plan document. These exclusions have the potential to impact the full payout of your claim. If you suspect that you might fall under any of these exclusions, it’s advised to seek immediate advice from a knowledgeable professional.

Here are some key exclusions to be aware of:

  1. Pre-existing Illnesses: Coverage for illnesses existing prior to the first 4 policy years is not provided unless consistent renewals have been maintained from the policy’s inception date.
  2. Initial 30-Day Treatment: Treatment carried out within the initial 30 days of policy commencement, unless due to an accident or emergency, falls within a waiting period.
  3. Alcohol/Drug-Related Conditions: Any illness or condition resulting from the consumption of alcohol/drugs or other substances is not covered.
  4. Waiting Periods: Specific situations have a waiting period of two years, while pre-existing conditions are covered only after a waiting period of four years.
  5. Excluded Treatments: Treatments initiated during waiting periods, excluding those related to accidents/war/self-inflicted harm/substance abuse/obesity/sleep apnea/maternity/mental health/inheritable diseases/HIV/AIDS, are not covered.

Understanding these exclusions is essential to ensure you have a clear understanding of what is covered under the policy. If you suspect your claim might be impacted by any of these exclusions, consulting with an expert is recommended.

Documents Required To Claim Tata AIG Individual Accident policy 2024

To make a claim under the Tata AIG Individual Accident policy, you typically need to provide the following documents:

  1. Claim Form: Fill out the claim form provided by Tata AIG. This form gathers essential information about the incident and your claim.
  2. Policy Document: Provide a copy of your Tata AIG Individual Accident policy document, which outlines the terms and conditions of your coverage.
  3. Accident Report: If applicable, include a detailed accident report describing the circumstances, date, and location of the accident.
  4. Medical Records: Submit medical records and reports related to the injuries sustained. This can include doctor’s notes, treatment details, and hospitalization records.
  5. Police Report: In case of an accident involving law enforcement, provide a copy of the police report describing the incident.
  6. ID Proof: Submit a copy of your identification proof, such as a passport, driver’s license, or Aadhar card.
  7. Medical Bills: Include original medical bills, prescriptions, and receipts for all medical expenses incurred due to the accident.
  8. Discharge Summary: If you were hospitalized, provide a discharge summary from the hospital detailing the treatments received and the duration of hospitalization.
  9. Claim Settlement Form: Fill out the claim settlement form, providing details about the incident, injuries, and the amount claimed.
  10. Bank Details: Provide your bank account details for the transfer of the claim amount, including the account number, account holder’s name, and bank branch details.
  11. Any Additional Documents: Depending on the circumstances, Tata AIG might require additional documents such as accident photos, witness statements, or any other relevant evidence.

Remember that specific document requirements can vary based on the nature of the claim and the policy’s terms. Always refer to the Tata AIG guidelines and instructions for accurate information on the documents needed for your claim.