Tata AIG Health Insurance vs New India Assurance Health Insurance

When you hear the term ‘health insurance’ what comes to your mind? Do you think it means being 100% insured against all kinds of health conditions? Does it require the payment of exorbitant premiums? Can you get it for the entirety of your lifetime? If you find yourself buying health insurance without knowing the answers to such questions and what exactly it offers, it is wise that you go through this concise comparison guide of Tata AIG Health Insurance and New India Assurance Health Insurance

Tata AIG Health Insurance vs New India Assurance Health Insurance – Overview 

Parameter Tata AIG Health InsuranceNew India Assurance Health Insurance
No. of health insurance policies14+10+
E-servicesPolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer support Policy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer help
Branches90+1000+
Claim settlement ratio96.43%95.92%
Cashless claim settlement time 4 hoursUnspecified
Hospital network5,800+ 1,500+

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 New India Assurance Health Insurance

Tata AIG Health Insurance is operating for more than two decades now. The company’s high-quality services and innovative products have given it a prestigious reputation vast in the insurance sector. It offers a range of health insurance policies for a spectrum of health needs. 

New India Assurance Health Insurance has over a century of insurance experience and has a strong presence in 28 countries. Despite being a multinational company, it aces in developing rural and farmer-centric insurance products, showing how holistic its vision is. 

Senior Citizen Policy: 

Tata AIG offers ‘MediSenior’ – a Senior Citizen Policy that provides: 

  • Coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses including: 
  1. Room rent costs
  2. ICU hospitalization
  3. Doctors and nursing fees
  4. Medicines, drugs, and consumables 
  • Domiciliary/home hospitalization
  • 140 daycare procedures
  • Organ donor transplant expenses
  • Ambulance charges up to Rs. 2,000 per hospitalization
  • Up to 7.5% discounts on premiums 

New India Assurance’s Senior Citizen Policy provides: 

  • Sum insured (SI) amounts up to Rs. 1,50,000
  • Coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses including: 
  1. Room rent costs
  2. ICU hospitalization
  3. Doctors and nursing fees
  4. Operation theatre charges 
  5. Medicines, drugs, and consumables 
  • Domiciliary/home hospitalization
  • Ayurveda, Unani, Siddha, Homeopathy (AYUSH) treatments 
  • Senior-citizen specific daycare procedures 
  • Organ donor expenses 
  • Ambulance charges up to Rs. 1,000 per hospitalization 

Top-up Insurance Policy: 

Tata AIG offers MediPlus and Medicare Plus – 2 Top-up Insurance Policies. 

These policies provide:  

  • SI amounts up to Rs. 1,00,00,000
  • Deductible amounts up to Rs. 20,00,000
  • Coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses 
  • Domiciliary/home hospitalization 
  • 500+ daycare procedures 
  • Organ donor expenses 
  • AYUSH treatments  
  • Dental treatment needed due to an accident/injury/illness 
  • Cost of consumables 
  • Ambulance charges up to Rs. 3,000 per hospitalization
  • 100% restoration of the SI on exhaustion of the base SI 
  • 50% no-claim bonus on a claim-free year 

New India Assurance offers the Top-up Mediclaim Policy that provides: 

  • SI amounts up to Rs. 22,00,000
  • Deductible amounts up to Rs. 8,00,000
  • Coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses 
  • AYUSH treatments 
  • Daycare procedures 
  • Organ donor expenses 
  • New-age/modern technology treatments
  • Pre-existing diseases after 2 years 
  • Ambulance charges up to Rs. 8,000 
  • A post-hospitalization get-well benefit up to Rs. 8,000
  • Up to Rs. 50,000 for cataract treatment 

Corona Kavach Policy: 

Tata AIG’s Corona Kavach Policy offers: 

  • SI amounts up to Rs. 5,00,000
  • Indemnification of: 
  • Pre and post-hospitalization expenses
  • In-patient hospitalization expenses
  • Home hospitalization costs 
  • AYUSH treatment expenses 
  • Comorbidity treatment charges 
  • Ambulance charges up to Rs. 2,000 per hospitalization 
  • Daily hospital cash allowances 
  • Up to 25% discounts on premiums 

New India Assurance’s Corona Kavach Policy offers: 

  • SI amounts up to Rs.5,00,000
  • Coverage for: 
  • Pre and post-hospitalization expenses
  • In-patient hospitalization expenses
  • Home hospitalization costs 
  • AYUSH treatment expenses 
  • Comorbidity treatment charges
  • 5% discounts on premiums to females, healthcare workers and family floater policyholders