Tata AIA Health First

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Tata AIA Life Health First Plan

Tata AIG Life Health First is a comprehensive lump sum payout health plan from Tata AIG Life Insurance. This plan is different from those offered by non – life insurance companies, which only reimburse the actual expenses incurred. While this is important, it is also important to note that these do not provide for other related expenses such as replacement of income that is lost due to hospitalization or expenses of follow up treatment.  

This policy offers a number of covers under the same plan, with each cover having a different coverage amount. This ensures that many health-related problems can be financially covered under the same plan – coverage such as Hospitalization, Critical Illness, Surgery, Post-hospitalization and Unfortunate Death.

Key Features of Tata AIA Life Health First Insurance Plan

  • In case of hospitalisation the policy pays from day 1
  • Pays the entire coverage amount if a covered unfortunate event were to occur, irrespective of the actual expense incurred. This ensures that additional money is available as income replacement.
  • Premiums remain the same during the policy term of 5 years, which means that you don’t have to pay a higher premium each year, as is the case with most traditional reimbursement plans. Also, claims made will not affect the premium during the policy term.
  • Over the entire policy term, it is possible to make multiple claims for the hospitalisation benefits, meaning that the coverage is available every year.
     

What is covered in Tata AIA Life Health First Insurance Policy?

  • Policy offers a daily hospitalisation benefit up to 90 days. The per-day benefit is paid irrespective of the actual bill.
  • In case the policy holder is diagnosed with a critical illness, then this policy provides a lump sum amount after 30 days of the first diagnosis
  • If the policy holder wants to undergo a surgery, then the policy offers a lump sum payment for the surgery. Surgical Benefit payable irrespective of Daily Hospital Benefit is payable
  • Post hospitalisation benefit is offered up to 3 days to pay for expenses like nursing help
  • Cashless hospitalisation facility
  • There is a component of death benefit which is paid to the policy holder
  • This is a 5-Year Renewable Non-Participating Health Product        

Additional Benefits of Tata AIA Life Health First Policy

  • Housewives are allowed to buy this Plan up to 4 Units
  • Free look period of 15 days is offered where the premium will be refunded if the policy holder changes his mind
  • The policy can be reinstated within 5 years in case it has lapsed 
  • Critical illness covers Cancer, Stroke, Heart Attack, Paralysis, Total Blindness, Coronary Bypass Surgery, Parkinson’s disease, Heart valve surgery, Chronic Renal Failure, Major Organ Transplant, Aorta Surgery, Benign Brain Tumor

Eligibility and Restrictions of Tata AIA Life Health First Plan

 

 

Minimum

Maximum

Coverage (Face Amount)

1 unit

10 units

Policy Term (in years)

5

5

Entry Age (in years)

18

60

Renewable till Age (in years)

-

65

 

Benefits / Cover

Number of Units purchased

2

4

6

8

10

Daily Hospital Benefit (in Rs. per day)

500

1000

1500

2000

2500

Surgical Benefit (in Rs.)

25,000

50,000

75,000

100,000

125,000

Critical Illness Cover (in Rs.)

250,000

500,000

750,000

1,000,000

1,250,000

Post Hospitalisation Benefit (in Rs.)

250

500

750

1000

1250

Death Benefit (in Rs.)

2,000

4,000

6,000

8,000

10,000

Lifetime Limit (in Rs.)

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Tax Benefits

  • Premiums paid under this policy are eligible for tax deductions under Section 80D for Health Insurance Benefits
  • Premiums paid are exempt from taxable income under Section 80C for Life Insurance Benefits under IT Act, 1961

Exclusions - What is not covered in Tata AIA Life Health First?

 

  • Those Critical Illness for which the signs or symptoms first occurred within the first 180 days of the Policy Issue Date / Commencement Date or last reinstatement of this Policy
  •  Any abnormalities or congenital defect that was diagnosed before the Insured attains the age of 17
  • Performance of any procedure or surgery which is not medically necessary
  • Any surgery or treatment which has not been performed by a Registered Medical Practitioner
  • Post- Hospitalization Benefit is not payable for admission to un-pre-approved hospitals even for Emergency Medical Condition
  • Benefit is paid only once for the same Critical Illness

Alternate health plans from other life insurance companies 

LIC Health Protection Plus

Aviva Health Plus

Birla Sun Life Health Plan

ICICI Prudential Health Saver

  

Other plans from Tata AIA Life

 

 

Tata AIA Life Health Protector Plan

Tata AIA Life Health Investor Plan

Tata AIA Life Hospi Cashback Plan

Tata AIA Life Insurance Suraksh Kosh Plan - ULIP

 

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