Tata Aig General Insurance launches Tata Aig Criti-medicare health policy


Tata AIG General Insurance Company Limited has announced the launch of Tata AIG Criti-Medicare, a health insurance scheme providing coverage for up to 100 critical illnesses and hospital cash benefits.

Considering the high likelihood of falling into the trap of lifestyle-related diseases today and the hardships individuals face, Tata AIG General Insurance has conceptualized and launched Tata AIG Criti-Medicare to provide extended financial protection in case unexpected and serious medical issues, he said.

Criti-Medicare offers a variety of coverages divided into four sections: Critical Illness, 360 Degree Cancer Benefit, Hospitalization Cash, Medicare (optional).

It offers two plans – Smart Century Premier Plan (100 Critical Illnesses) and Smart Half Century Plan (50 Critical Illnesses), which pay out a lump sum if the insured person is diagnosed with one of the listed critical illnesses.

With the Do It Yourself option, the policyholder can choose between Critical Illness and Cancer 360 degrees under one policy. The insured has the option of choosing the survival period from 0/7/15 days, in the event of serious illness, the firm said.

The Criti-Medicare policy guarantees 3 times the sum insured and 70% waiver of premium in the event of serious illness. Another unique feature is the 360 ​​degree cancer compensation coverage with worldwide coverage, providing a wide range of expenses such as current and future advanced treatments, hotel accommodation, transport costs, health care palliatives and psychiatric counseling sessions. The policy also provides a hospital cash benefit of Rs. 20,000 cash per day for 180 days in a year, which doubles for accidental hospitalization and intensive care.

Tata AIG Criti-Medicare can be taken on an individual or multi-individual basis. With this product’s “Multi-Pay” feature, customers can claim three times for different critical illness categories compared to traditional critical illness policies in which coverage ends upon payment of a single critical illness claim, according to the company.

Tata AIG Criti Medicare, Parag Ved, President and Head of Consumer Lines, Tata AIG General Insurance Co. Ltd., said, “We have always been committed to our mission to create a better future for our customers by providing innovative risk that provide peace of mind. With our new product “Tata AIG Criti-Medicare”, we aim to provide comprehensive coverage for critical illnesses and all stages of cancer care.

The product provides flexibility to meet different needs, in which the customer can choose between critical illness count, zero day survival period, global treatment for separate cancer coverage and major/minor surgery coverage . The sum insured is up to 2 crore. This product can be offered to a wide range of family relationships.

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