Tata AIG General Insurance Company Limited. today announced the launch of Tata AIG Criti-Medicare, a health insurance plan offering coverage up-to 100 critical illnesses and hospital cash benefits. The distinctive feature of this product is that customers can choose multiple sections to fit one’s own requirement.
Looking at the high probability of falling into the trap of lifestyle diseases today and the hardship individuals undergo, Tata AIG General Insurance has conceptualised and launched Tata AIG Criti-Medicare to offer extensive financial protection in times of unexpected and serious medical ailments. Criti-Medicare offers various coverages under four sections:
- Critical illness
- Cancer 360 degree indemnity
- Hospital Cash
- Wellsurance Benefit (Optional)
Tata AIG Criti-Medicare’s Critical Illness offers two plans, i.e Smart Century Premier Plan (100 Critical Illness) and Smart Half Century Plan (50 Critical Illness), which pay a lump sum amount if the insured person is diagnosed with any of the listed critical illnesses.
With the option of Do It Yourself, the policyholder can choose from Critical Illness and Cancer 360 Degree under one policy. The insured gets an option to choose survival period from 0/7/15 days, in case of critical illness.
Criti-Medicare policy guarantees 3 times of sum assured and 70% waiver of premium in case of any critical illness. Another unique feature is Cancer 360 Degrees Indemnity Cover along with global coverage, offering a wide range of expenses such as present and future advanced treatment, hotel accommodation, transportation expenses, palliative care, and psychiatric counselling sessions. The policy also offers hospital cash benefit of Rs. 20000 daily cash for 180 days in one year, which doubles in case of accidental and ICU hospitalisation.
Tata AIG Criti-Medicare can be taken on an individual or multi-individual basis. With the “Multi-Pay” feature of this product, customers can claim thrice from various critical illness categories as against traditional critical illness policies wherein, cover terminates upon payment of single critical illness claim.
Speaking on the launch of the Tata AIG Criti Medicare, Mr. Parag Ved, President and Head of Consumer Lines, Tata AIG General Insurance Co. Ltd., said, “We have always been committed to our mission of creating a better tomorrow for our customers by delivering innovative risk solutions that provide peace of mind. With our new ‘Tata AIG Criti-Medicare’ product, we aim to offer the comprehensive coverage for critical illnesses and all stages of cancer care.
The product offers flexibility to meet different needs, wherein customer can choose between the numbers of critical illnesses, zero-day survival period, global treatment for separate cancer cover and coverage for major/ minor surgeries. The sum insured ranges up to rupees two crores. This product can be offered to wide range of family relationships. The soaring cases of critical diseases due to changing lifestyle, escalating healthcare cost, new age treatments for cancer and incidence of heart attacks, strokes etc. are on the rise in India are some of the driving force for the launch of this product.”
About Tata AIG General Insurance Co. Limited
Tata AIG General Insurance Company Limited is a joint venture company between Tata Group and American International Group (AIG). Tata AIG General Insurance Company Limited celebrates 20 years of service this year (2021) since it commenced operations in India on January 22, 2001. The Company has grown strongly to emerge as one of the preferred private general insurance company in India with several pioneering firsts to its credit. Driven by a mission to create better tomorrows for customers by delivering trustworthy and innovative insurance products, Tata AIG’s broad portfolio of protection covers for businesses and individuals, are backed by years of professional expertise in product offerings, service capabilities and seamless claims process management.
As on March 31, 2022, Tata AIG General Insurance Company Limited recorded its Gross Written Premium (GWP) at 10686 Crores. With 200 offices spread across the country, Tata AIG General Insurance Company Limited has a robust multi-channel distribution network of 45000 plus licensed agents including POSP, 450+ licensed brokers and bancassurance partners; a workforce of 6500+ employees, including 750+ full time claim experts, spread over 150 locations, tie-ups with 5000+ workshops and 7300+ network hospitals and worldwide network of claim servicing partners and a dedicated customer service & operations team, consistently delivering superior service experiences, powered by the latest innovations in technology.
This article was shared with Prittle Prattle News as a Press Release by PRNewswire
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