Tata AIG Health Insurance vs IFFCO Tokio Health Insurance

Are you stumped in your search for a health insurance policy because of the abundance of lengthy and insurance-lingo verbose information? If so, you can put your worries and simplify your search with this short yet precise comparative guide of leading insurance providers Tata AIG Health Insurance and IFFCO Tokio Health Insurance and three of their outstanding health insurance policies. The entire guide will not take you more than five minutes to read! 

Tata AIG Health Insurance vs IFFCO Tokio Health Insurance – Overview 

Parameter Tata AIG Health InsuranceIFFCO Tokio Health Insurance
No. of health insurance policies14+10+
E-servicesPolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer support Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support
Branches90+20,000+
Claim settlement ratio96.43%92%
Cashless claim settlement time 4 hours24 hours
Hospital network5,800+ 5,000+

Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) -years 2019-20. 

Health Insurance Policies: Tata AIG Health Insurance vs IFFCO Tokio Health Insurance

Tata AIG Health Insurance offers over 14 health insurance policies that provide extensive coverage for individuals, families, senior citizens and corporate groups. 

IFFCO Tokio Health Insurance offers over 10 health insurance policies that provide holistic protection for individuals, families, and senior citizens.  

Individual Health Insurance Policy: 

All of Tata AIG Health Insurance and IFFCO Tokio Health Insurance companies’ health insurance policies are available on an individual basis. However, the two insurers offer some standout individual health insurance policies. 

For Tata AIG these are: 

  • Medicare 
  • Medicare Plus 
  • Wellsurance Executive Policy 

These policies provide:

  • Sum insured (SI) amounts up to Rs. 1,00,00,000
  • Coverage for: 
  • Pre and post-hospital care  
  • In-patient hospital care  
  • Domiciliary/home hospital care 
  • 500+ daycare procedures 
  • Ayurveda, Unani, Siddha, Homeopathy and Naturopathy (AYUSH) treatments 
  • Organ donor transplant expenses 
  • Maternity and newborn baby needs 
  • Bariatric surgery for weight-loss 
  • Dental treatment needed due to an accident/injury 
  • Out-patient departmental treatment 
  • Ambulance charges up to Rs. 5,000 per hospitalization
  • Up to Rs. 20,000 for the air travel expenses of an immediate family member 

For IFFCO Tokio these are: 

  • Individual Health Protector Policy
  • Health Protector Policy 
  • Individual Medishield Insurance

These policies provide: 

  • SI amounts up to Rs. 25,00,000
  • Coverage for: 
  • Pre and post-hospital care  
  • In-patient hospital care  
  • Domiciliary/home hospital care 
  • Nursing expenses 
  • 160+ daycare procedures 
  • AYUSH treatments 
  • Vaccination and health check-up charges 
  • Critical illnesses 
  • COVID-19 treatment 
  • Ambulance charges up to Rs. 3,000 per hospitalization

Critical Illness Policy: 

Tata AIG’s Critical Illness Policy offers: 

  • SI amount options up to Rs. 15,00,000
  • 100% payment of the SI on the diagnosis of a listed critical illness 
  • Coverage for 12 life-threatening diseases such as: 
  • Cancer
  • Blindness 
  • Heart attack 
  • Major burns 
  • Permanent paralysis 
  • Multiple sclerosis 
  • Costs for a second medical opinion 

IFFCO Tokio Critical Illness Policy offers: 

  • SI amounts up to Rs.1,00,00,000
  • 100% payment of the SI on the diagnosis of a listed critical illness
  • Coverage for 25 life-threatening diseases such as: 
  • Cancer
  • Kidney failure 
  • Brain tumour 
  • Lung failure 
  • Third-degree burns 
  • Daily hospital cash allowances of Rs. 1,000 

Individual Personal Accident Policy: 

Tata AIG offers 4 accident insurance policies: 

  • Accident Guard 
  • Accident Shield
  • Secured Future 
  • Maha Raksha 

These policies provide:

  • SI amounts up to Rs. 1,00,00,00
  • 100% of the SI for accidental death
  • 100% of the SI for permanent total disablement 
  • Up to 100% of the SI for permanent partial disablement 
  • Up to 100% of the SI for broken bones/fractures and burns 
  • Up to Rs. 50,000 per week for temporary total disability 
  • Up to Rs. 1,00,000 towards the education expenses of the insured’s dependent children
  • Up to Rs. 1,00,000 for artificial life maintenance support equipment 

IFFCO Tokio’s Personal Accident Policy provides:

  • 100% of the SI for accidental death 
  • 100% of the SI for permanent total disablement
  • Up to 50% of the SI for permanent partial disablement
  • Rs. 25,000 per week for temporary total disablement  
  • Up to Rs. 25,000 towards an education fund for the insured’s dependent children
  • Up to Rs. 15,000 for loss of employment of the insured due to an accident 
  • Coverage for ambulance and funeral expenses