Tata AIG Hospital Cash Insurance Policy: Benefits, Premium & Coverage

Tata AIG Hospital Cash Insurance Policy

Tata AIG Hospital Cash insurance policy is a health insurance plan by Tata AIG General Insurance Company Limited that offers additional protection to cover day-to-day hospital expenses, such as food, travel, etc. It offers financial coverage for incidental hospitalization expenses that are mostly not covered by a regular health insurance plan.

Tata AIG Hospital Cash Insurance Overview

Tata AIG Hospital Cash policy provides a daily hospital cash benefit or allowance to the policyholder for each day he/she is hospitalized due to an injury or an illness. In addition, this Individual Accident & Sickness Hospital Cash policy also reimburses the medical expenses incurred during the treatment of an accidental injury.

The Tata AIG Individual Accident & Sickness Hospital Cash policy comes in five levels. Under the Accidental Hospital Cash, a daily hospital cash benefit of Rs 1000 to Rs 10,000 is offered depending on the chosen level. Similarly, the Sickness Hospital Cash offers a daily benefit ranging from Rs 500 to Rs 5000 depending on the level. Moreover, the sum insured for Accident Medical Reimbursement ranges from Rs 5000 to Rs 25,000 depending on the opted level. A person can opt for any policy level based on his/her health requirements.

However, the Tata AIG Hospital cash policy comes with certain deductibles that are applicable at the time of raising a claim.

Tata AIG Hospital Cash Policy Eligibility Criteria

Criteria	Specifications
Minimum Entry Age	18 years 6 months (children)
Maximum Entry Age	65 years 23 years (children)
Coverage	Individual/ Family
Hospital Cash Amount	Rs 1000/2000/4000/6000/10,000 per day (Accidental Hospital Cash) Rs 500/1000/2000/3000/5000 (Sickness Hospital Cash)
Sum Insured (Accident Medical Reimbursement)	Rs 5000/ 10,000/ 15,000/ 20,000/ 25,000
Deductible	No deductible (Accidental Hospital Cash) 1-day deductible (Sickness Hospital Cash) 5% of the claim amount (Accident Medical Reimbursement)
Policy Term	1 year
Renewability	Lifelong
Tax benefits	Available for critical illness cover

Key Features of Tata AIG Hospital Cash Policy

Here are some of the key features and benefits of Tata AIG Hospital Cash policy:

It provides a daily hospital cash benefit for each day of hospitalization.
It is available in five different levels.
It provides coverage for individuals as well as families.
It offers a sum insured enhancement option at the time of policy renewal.
It comes with a lifetime policy renewable facility.

Inclusions of Tata AIG Hospital Cash Policy

The following coverage is offered by Tata AIG Individual Accident & Sickness Hospital Cash policy:

In-Hospital Indemnity for Accidents- Offers a daily hospital cash benefit for each day of hospitalization due to an accidental injury.
In-Hospital Indemnity for Sickness- Offers a daily hospital cash benefit for each day of hospitalization resulting from an illness.
Accident Medical Expense Reimbursement- Covers medical expenses incurred on accidental hospitalization.

Although the policyholder and his/her spouse get 100% coverage, the children are subject to only 50% of the coverage.

Exclusions of Tata AIG Hospital Cash Policy

The Tata AIG Hospital Cash policy does not provide coverage for the following:

Pre-existing conditions or diseases and resultant complications
Hospitalization outside India
Intentional self-inflicted injury or illness, including suicide
Pregnancy or related hospitalization
Sexually transmitted diseases
Claims due to participation in adventure sports or winter sports activities
Injury or illness due to consumption of drugs or alcohol
Congenital anomalies

The above list of exclusions is not complete. To know the complete list of exclusions, refer to the Tata AIG Hospital cash insurance policy brochure.

FAQs

Q. Which family members can be covered under Tata AIG Hospital Cash Insurance policy?

The Individual Accident & Sickness Hospital Cash policy can cover your spouse and your dependent children apart from yourself under the family floater cover. However, the policy will extend coverage for only a maximum of two dependent children.
Q. Can I raise a claim for getting hospitalized for the same disease twice?

Yes. You can raise a claim for getting hospitalized for the same disease/injury twice provided both periods of hospitalization is separated by at least 45 days.
Q. What is the waiting period under Tata AIG Hospital Cash Insurance policy?

The Tata AIG Individual Accident & Sickness Hospital cash policy comes with an initial waiting period of 90 days for hospitalization due to sickness.
Q. Can I cancel my Tata AIG Hospital Cash Insurance policy?

Yes. You can cancel your Tata AIG Hospital Cash policy within the free-look period or the first 15 days of policy commencement without paying any cancellation fee. But after the free-look period, a cancellation fee may apply if you decide to cancel your policy.
Q. Which documents do I need to submit while raising a claim under Tata AIG Hospital Cash policy?
You need to submit the following documents while raising a claim under your Tata AIG Individual Accident & Sickness Hospital cash policy:
- Tata AIG claim form
- Medical reports, treatment papers, discharge summary, etc.
- Precise diagnosis of the treatment
- Hospital bills & payment receipts
- Doctor’s prescriptions
- Detailed list of medical services provided along with its cost