Tata AIG General Insurance Company recently announced the launch of their first domestic lifetime renewable reimbursement health insurance policy: MediPrime.
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This innovative health insurance plan is a comprehensive offering with a unique set of features that distinguishes itself from the existing gamut of health insurance products currently available in the market. The introduction of MediPrime adds to the set of general insurance products offered by the Company and has been designed specifically to cater to the retail consumer market in India.
Commenting on the launch of MediPrime, Mr. Gaurav D Garg, MD & CEO, Tata AIG General Insurance Co. Ltd. said, “We are proud to announce the launch of MediPrime; a product that has been designed specifically to meet the current requirements of the consumer and ensure that their needs from a health policy are met. Customer Delight is an important pillar of our Company values and MediPrime, with its’ strong customer service commitments and service initiatives will provide our policyholders a wholesome experience.â€
With the launch of MediPrime, Tata AIG General has imbibed numerous initiatives into MediPrime, to strengthen their customer focused approach. The company assures that all customers applying for MediPrime will receive a decision from the company within 24 hours notifying them of their acceptance and the suitable premium. Additionally, all cashless claims would be authorized within 4 hours on receipt of all documents and claims would be settled in 7 working days after completion of formalities.
Under MediPrime, a policyholder can avail the cashless hospitalization benefit; which is currently available through a network of over 3000 hospitals. The policy also provides added benefit of a family discount wherein a discount of 10% is allowed if 3 or more members of the family are covered under the individual plans.
Having structured and designed the product to suit customer needs, MediPrime comes with a set of unique features that sets it apart from others in the market. Some of them include:
- No sub-limit for inpatient hospitalization
- No Co-pay
- Inpatient and outpatient coverage for Accidental Dental treatment.
- Ayush Benefit : Coverage for Non-allopathic in-patient treatments like Ayurvedic, Unani or Homeopathy
MediPrime provides a comprehensive set of benefits that every individual looks for in a health insurance policy like cashless hospitalization, domiciliary & 140 day care procedures without any sub-limits. It also extends coverage for pre and post hospitalization expenses. Distinct features of the product include its lifetime renewability clause and its zero loading charges on renewal in case of a claim.
The product is available to individuals between the ages of 18 to 65 years and also offers the unique benefit of lifetime renewability for existing customers. The policyholder is entitled to tax benefits under section 80D of the Income Tax Act 1961.
Other benefits of this product include:
- Pre and Post Hospitalization Medical Expenses – 30 days before hospitalization and 60 days immediately after discharge
- Health check-up at the end of 4 continuous renewals for every insured person
- Emergency Ambulance Expenses
