Tata AIG Health Insurance vs Oriental Health Insurance

It is lockdown year-2 in most states in India, especially in the urban cities. Whether you are a city or small town dweller, one thing you will agree on is the imminent need to protect the health of you and your loved ones. If last year taught anything, is that it is vital to put your health first – and health insurance can help you do that. Read through this Tata AIG Health Insurance and Oriental Health Insurance comparative study to see how health insurance can help you in these tough times. 

Tata AIG Health Insurance vs Oriental Health Insurance – Overview 

Parameter Tata AIG Health InsuranceOriental Health Insurance
Number of health insurance plans1110+
E-servicesPolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer support Policy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer support
Branches90+1000+
Claim settlement ratio96.43%94.28%
Hospital network5,800+ 4,300+

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 Oriental Health Insurance

Tata AIG Health Insurance and Oriental Health Insurance are two powerhouse insurance companies. Take a look at their claim settlement ratio – a value higher than 90% that signifies how dedicated the two insurers are towards their customers. Choosing a health insurance policy from either of the insurers would make for a good choice.  

Family Floater Policy:

Tata AIG offers five family floater policies: 

  • Medicare (Medicare, Medicare Protect, and Medicare Premier) 
  • Medicare Plus 
  • Wellsurance Family Health 
  • Wellsurance Executive 
  • MediRaksha

These policies provide: 

  • SI amounts up to Rs. 1,00,00,000
  • Coverage for: 
  • Pre and post-hospitalization 
  • In-patient hospitalization 
  • Domiciliary hospitalization
  • 540+ daycare procedures 
  • Organ donor expenses 
  • Critical illnesses 
  • Maternity and newborn baby needs 
  • Ayurveda, Unani, Siddha and Homeopathy (AYUSH) treatments 
  • Expenses towards: 
  • Consumables 
  • Diagnostic tests 
  • Convalescence benefits 
  • Vaccination expenses 
  • Road ambulance charges 
  • Out-patient departmental treatment expenses

Oriental Health Insurance offers the Family Floater Policy (with Silver, Gold and Diamond sub-policies) that provides:

  • SI amounts up to Rs. 20,00,000
  • Coverage for: 
  • Pre and post-hospitalization
  • In-patient hospitalization 
  • Domiciliary hospitalization 
  • AYUSH treatments 
  • Daycare procedures 
  • Organ donor expenses 
  • HIV/AIDS treatment 
  • Mental illness healthcare 
  • Maternity and newborn baby needs 
  • New-age/modern treatments 
  • Second medical opinion for critical illnesses 
  • 100% restoration of the SI on exhaustion of the base SI 

Personal Accident Policy: 

Tata AIG offers 7 accident insurance policies: 

  • Maha Raksha 
  • Accident Guard 
  • Accident Shield
  • Income Guard 
  • Injury Guard 
  • Secured Future 
  • Secured Income High 

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 disability 
  • Up to 100% of the SI for permanent partial disability 
  • Up to 100% of the SI for 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 
  • Coverage for in-patient hospitalization expenses 
  • Modification/reparation costs of the insured’s house/vehicle 
  • Transportation expenses for family members 

Oriental Health Insurance’s Personal Accident Policy provides: 

  • 100% of the SI for accidental death 
  • 100% of the SI for permanent total disability 
  • Up to 50% of the SI for permanent partial disability 
  • Up to Rs. 20,000 per week for temporary total disability 
  • 100% of the SI in case of loss of job due to a permanent total disability 
  • Up to Rs. 10,000 towards the education expenses of the insured’s dependent children 
  • Reimbursement of in-patient hospitalization expenses 
  • Reimbursement of funeral and transportation expenses 

Daily Hospital Cash Policy:  

Tata AIG’s Daily Hospital Cash Policy gives: 

  • Daily cash benefits up to Rs. 5000
  • Twice the benefit amount for hospitalization of the insured due to an accident 
  • Reimbursement up to Rs. 25,000 for in-patient hospitalization expenses due to an accident 

Oriental Health Insurance’s Daily Hospital Cash Policy, called ‘Oriental Happy Cash – Nishchit Rahein!’ gives: 

  • Daily cash benefits up to Rs. 3,000 
  • Convalescence benefits  in case of extended hospitalization 
  • 25% increase in the benefit amount for female policyholders 
  • Up to 10% discounts on premiums at renewals

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