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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tata AIG Senior Citizen Health Insurance Plan is a health policy which is crafted to act as a safety net for superannuated people. It aims to take care of problems or issues related to health, without posing as a burden on one’s savings. The policy has been designed for Senior Citizens who are or above 61 years of age. As our immunity deteriorates with age, senior citizens are prone to acquire diseases that may be fatal for their health. Tata AIG MediSenior - Senior Citizen Health Insurance Plan offers some key benefits and features along with lifelong renewals to someone who is looking forward to living a healthy and happy life after retirement.
Tata Group and American International Group collaborated to create a joint venture named Tata AIG MediSenior which caters with coverage of treatment expenses of health-related issues. The focus of the policy is senior citizens who desire a happy and healthy life after retirement without stressing their pockets.
The policy highlights include the following:
|
Minimum Sum Insured |
Rs 2 Lakh |
|
Maximum Sum Insured |
Rs 5 Lakh |
|
Coverage type |
Individual/Family Floater |
|
No Claim Bonus |
Save up to 5% on the premium payable at renewal after each unclaimed year |
|
Grace Period |
30 days for renewing the policy |
|
Policy Termination |
3 months before the expiry of the policy |
On opting for the Tata AIG MediSenior Plan, the buyer would get:
Apart from that, the insured person can opt for an additional feature called Riders to secure his/her health with more surety; such as:
Tata AIG Senior Citizen Health Insurance Policy offers the following benefits:
Even though there are various benefits a person can get on buying Tata AIG Senior Citizen Health Insurance Policy, yet the following list of exclusions must be kept in mind:
Anyone who is of and above 61 years of age can opt for this beneficial policy to secure their health. It is important to look after oneself and family. Tata AIG Senior Citizen Health Insurance Policy is a perfect way to create that safety net and live a hassle-free retirement.
|
Age of Entry (Min) |
Number of Members (Max) |
Sum Insured |
Available Policy Periods |
Savings |
Pre-Policy Medical Check-up |
|
61 years |
2 |
Rs 2 lakh Rs 3 lakh Rs 5 lakh |
1 year 2 years |
Save up to 5% at the renewal of premium paid after each unclaimed year |
50% of the cost incurred by the policy buyer will be reimbursed on acceptance of the proposal. The validity of Reports: 90 days from the day of pre-policy medical check-up |
Tata AIG Senior Citizen Health Insurance Plan plays a vital role in ensuring financial coverage for health treatments that a retired person may require to undergo. The process of filing for Mediclaim is simple. All one is required to do is obtain the online claim form from the official website of the respective provider or get a physical copy of the same from the insurer’s office, and submit after filling up the necessary details. Medical bills and medical reports procured from the doctor or hospital must also be submitted as supporting documents. For faster processing of claims, provide the required documents positively. One can also avail cashless facility at network hospitals in a hassle-free manner.
Buying a health insurance policy has become easier in this digital era. Now almost everything can be found and acquired online, and Tata AIG Senior Citizen Health Insurance Policy is no exception. In this regard, aggregator websites such as Paisawiki.com come in handy. All one is needed to do is select the MediSenior plan, and submit a form in which he/she would have to mention a customary detail about self, along with the insurance requirement. Once submitted, the respective provider would give quotes for the Senior Citizen health insurance policy. A group of insurance expert will always be handy to assist the buyer in the purchasing procedure.
Given below are the documents required by the insurer to sell the Tata AIG Senior Citizen Health Insurance Policy; these are:
The renewal of the Tata AIG Health Insurance Plan can be done online through paisawiki.com. It is advised to renew a policy before its expiry date to avoid any late penalty, if applicable. Simply log into the official website of the Paisawiki and click on the 'renew now' on MediSenior health insurance plan for Senior Citizens. Moreover, people may become skeptical about the security of making digital payments, but all payments are made through secured payment gateways. A person can use his/her preferred mode of payment, such as Credit Cards, Debit Cards, and Netbanking.
A wonderful feature of MediSenior Senior Citizen Health Insurance Plan is that it offers lifelong renewability. Not only that, but a policy buyer will also be able to save 5% on premium payments at renewal if he/she has not claimed his policy for a year. A policy can be renewed instantly with just a few quick steps.
One should keep a check on the following terms and conditions of this policy:
Co-payment on Accommodation Type: On shared or lower accommodation type, the insured person has to bear 15% of the admissible claim amount.
Co-payment for Day Care Procedures: For admissible claim amount of daycare procedures on specific illnesses/surgeries, the insured person has to bear 15% of the claim.
For the following ailments, the insured person has to bear 30% of the amount claimed:
Ans: Tata AIG MediSenior provides coverage for expenses of hospitalisation charges to a superannuated insured person. However, refer to exclusions and Terms & Conditions to know more in details.
Ans: Yes, TATA AIG MediSenior – Senior Citizen Health Insurance Plan provides financial coverage for day-care procedures.
Ans: You will be required to put in your policy number and claim registration number on the insurer’s website to track/submit your claim online.
Ans: There are a few exclusions to remember when buying a MediSenior Plan like the policy buyer shall not expect to be provided coverage for any pre-existing diseases for the first four years of commencement of the policy. The policy will also not provide any financial coverage for any serious ailments resulting from alcohol abuse or addictive substance abuse.
It should be noted that some specific conditions may have a waiting period of 24 months. The plan will not cover for any serious accidental injuries, war injuries, attempted suicides or self-inflicted injuries, treatment of obesity, sleep apnoea, maternity expenses, psychiatric disorders, congenital disease, AIDS, and so on. Consult the T&C provided by the insurance provider for more details.
Ans: Yes, a person who opts for this plan will receive the benefit of domiciliary treatment under Tata AIG MediSenior Health Insurance Plan.
Ans: Of course. Under Section 80D of the Income Tax Act, you can receive the benefit of tax rebates on the premium paid. The amount of benefit that you can get is up to Rs. 25,000.
Ans: Yes, Tata AIG MediSenior will provide you with coverage for ambulance costs too.
Ans: Tata AIG MediSenior – Senior Citizen Health Insurance Plan is a plan made for a senior individual. Therefore, the person has to be of or above 61 years of age and have to be retired.
Ans: Tata AIG MediSenior proudly holds a booming network of 3000+ hospitals all across the country. Moreover, it also supports cashless treatment for the policyholder’s convenience at the time of crisis.
Ans: Yes, this insurance company provides a whopping 5% discount on the premium to be paid at renewal. In other words, if you have not claimed any settlement from the company in a whole year, then you will become eligible for this opportunity of saving 5% on your premium at the time of renewal.
Ans: There are a few specific illnesses for which you will have to bear a certain percentage of the claim. For example, in cases of Cataracts (each eye), the insured person would be required to pay 30% of the amount that has been claimed. To know more about the list of diseases for which the insured individual will have to bear the expense at a certain pre-determined percentage, please refer to the Terms & Conditions Section of this article.
Ans: Tata AIG MediSenior Health Insurance Plan is available in three variants that are, Rs 2 Lakh, Rs 3 Lakh, and Rs 5 Lakh; and the annual premium amounts are greatly dependent on the age groups. For instance, if you are in the age group of 81-85 years, then you will have to pay Rs 36,013 for Rs 2 Lakh, Rs 47,678 for Rs 3 Lakh, and Rs 79,606 for Rs 5 Lakh. The reason behind such spike in the amount is that with age, the resistance against serious ailments gradually deteriorates. As very old people are more susceptible to illness, compensation is required by the company to provide coverage quickly.
