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Tata AIG MediSenior – Senior Citizen Health Insurance
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₹ 5 Lakh Coverage @ ₹ 10/day
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Tata AIG MediSenior – Senior Citizen Health Insurance 

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.

What is the Tata AIG MediSenior-Senior Citizen Health Insurance Plan?

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

 Features of the Tata AIG MediSenior – Senior Citizen Health Insurance Plan

 On opting for the Tata AIG MediSenior Plan, the buyer would get:

  • Lifelong Renewal: On paying the premium without any break, the buyer would receive the advantage of lifelong renewal.
  • Coverage Amount: A coverage amount of Rs 2 lakh to Rs 5 lakh is provided.
  • Tax benefit: As per Section 80D of the Income Tax Act, one will also receive a tax benefit on the premium they pay.
  • Family Floater Option: Tata AIG Senior Citizen Health Insurance Plan also offers a family floater option according to which one can save up to 5% in Individual plan if opted for the coverage of two family members.

Apart from that, the insured person can opt for an additional feature called Riders to secure his/her health with more surety; such as:

  • One can make an additional savings of 7.5% if he/she opts to pay a premium of 2 years in advance.
  • One can also upgrade the sum insured at the time of renewal of Tata AIG Senior Citizen Health Insurance Policy.

Benefits of Tata AIG MediSenior – Senior Citizen Health Insurance Plan

 Tata AIG Senior Citizen Health Insurance Policy offers the following benefits:

  • In-patient hospitalisation including room rentals, medicines, nursing expenses, and ICU charges
  • Coverage of 30 days of pre-hospitalisation and 60 days of post-hospitalisation cost
  • Different daycare procedures in which 24-hour hospitalisation is not required (140 in total)
  • The expenses suffered by an organ donor
  • Domiciliary treatment coverage, in case the benefactor cannot be admitted in a hospital
  • Easy portability offered by the company and can be availed by the insured on prior application given 45 days before the renewal of the current policy
  • A network of 3000+ hospitals all across the country
  • Hassle-free settlements of claims

 Exclusions of Tata AIG MediSenior – Senior Citizen Health Insurance Plan

 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:

  • The policy shall not cover any pre-existing diseases for the first four years of the policy.
  • Tata AIG Senior Citizen Health Insurance Plan shall have a 30-day waiting period from the time of policy commencement. Therefore, it shall not provide for the treatment done within this waiting period.
  • The policy will not provide any coverage for ailments resulting from alcohol abuse or addictive substance abuse.
  • Some specific conditions may have a waiting period of 24 months.
  • The plan will not cover for accidental injuries. War injuries attempted suicides, and self-inflicted injuries, obesity treatment, sleep apnoea, maternity expenses, psychiatric disorders, congenital disease, AIDS, etc.

 Eligibility Criteria to Buy the Tata AIG MediSenior – Senior Citizen Health Insurance Plan

 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

 Claim Process of the Tata AIG MediSenior – Senior Citizen Health Insurance Plan

 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.

How to Buy Tata AIG MediSenior – Senior Citizen Health Insurance Plan?

 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.

Documents Required to Buy the Tata AIG MediSenior – Senior Citizen Health Insurance Plan

 Given below are the documents required by the insurer to sell the Tata AIG Senior Citizen Health Insurance Policy; these are:

  • Age Proof
  • Identity proof
  • Address Proof
  • Income Proof
  • Properly filled proposal form
  • Pre-policy medical tests

 Renewal Process of the Tata AIG MediSenior – Senior Citizen Health Insurance Plan

 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.

 Terms & Conditions of Tata AIG MediSenior Health Insurance Plan

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:

  • Angiography (Excluding CT Angiogram)
  • Arthroscopy
  • Cataract (each eye)
  • Cholecystectomy
  • Coronary Artery Bypass Graft
  • Hernia Surgery
  • Hydrocele
  • Hysterectomy
  • Joint Replacement
  • Major Organ Transplant
  • Mastectomy
  • PID – Discectomy
  • PTCA (Angioplasty)
  • Transurethral Resection of Prostate (TURP) or Benign Prostate Surgery

FAQs

  • Q. What is covered by Tata AIG Senior Citizen Health Insurance Plan?

    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. 

  • Q. Does Tata MediSenior cover day-care procedures?

    Ans: Yes, TATA AIG MediSenior – Senior Citizen Health Insurance Plan provides financial coverage for day-care procedures.

  • Q. How can I track/submit my claim online?

    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.

  • Q. What are the exclusions of Tata AIG MediSenior?

    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.

  • Q. Is domiciliary treatment available with Tata AIG MediSenior Health Insurance Plan?

    Ans: Yes, a person who opts for this plan will receive the benefit of domiciliary treatment under Tata AIG MediSenior Health Insurance Plan.

  • Q. Is this plan eligible in providing tax deductions?

    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.

  • Q. Will this plan provide ambulance cost coverage?

    Ans: Yes, Tata AIG MediSenior will provide you with coverage for ambulance costs too.

  • Q. What are the eligibility criteria for buying Tata AIG MediSenior – Senior Citizen Health Insurance Plan?

    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.

  • Q. How vast is the network of hospitals?

    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.

  • Q. Would I receive a no claim bonus on this policy?

    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.

  • Q. I have Cataract in my left eye. What percentage of the claimed amount will I have to bear?

    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.

  • Q. I am 83 years old. What amount of the annual premium do I have to pay?

    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.

Written By: Paisawiki - Updated: 22 October 2020

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