On April 24, 2012, Tata AIG General Insurance Company announced the launch of their health insurance policy called MediPrime. One of the striking features of this policy is that it offers lifetime renewal.
“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” said Gaurav D Garg, MD & CEO, Tata AIG General Insurance Co. Ltd.
Tata AIG GIC has assured 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.
The policy provides a family discount wherein a discount of 10% is allowed if 3 or more members of the family are covered under the individual plans. Read complete review of Tata AIG MediPrime Health Insurance
Some of the features of MediPrime are:
- Renewal for Life
- No loading on renewal in case of a claim
- Claims Settlement: Within 7 working days after completion of formalities
- No Sub limits across hospitalization benefits
- No Co-pay
- Inpatient and outpatient coverage for Accidental Dental treatment.
- Coverage for Non-allopathic in-patient treatments like Ayurvedic, Unani or Homeopathy
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.