TATA AIG Launches MediCare Select to Boost Retail Health Insurance Portfolio

Summary:
Tata AIG General Insurance has launched a new health insurance policy Medicare select in India’s retail health segment, especially to expand its presence in Tier 2 and Tier 3 cities. The scheme provides features such as unlimited sum insured restoration, maternity cover, and daily cash gains, which supports Tata AIG strategy to develop its hospital network and promote retail health contribution to 35% of its portfolio by FY27. 

What is TATA AIG Medicare Select?  

Tata AIG’s Medicare Select is a new launched health insurance scheme designed to provide coverage, flexible benefits and comprehensive access to quality healthcare in India. This product is part of the insurer’s long-term target to strengthen its retail health insurance footprint and increase growth in urban and semi-urban markets. 

Key Features of MediCare Select  

Medicare select provides many customer-friendly features that make it a compelling option for individuals and families: 

• Unlimited restoration of insured amount within the year policy for both related and unrelated diseases.  

• Alternative maternity coverage, including distribution complications and newborn vaccinations during the first year.  

• Options for waiting periods from 24 months to just 12 months for specific benefits.  

• Daily cash advantage of ₹ 1,200– of 1,500 to choose twin/multi-sharing room housing, without affecting insured or earned bonus. 

These features select both the medicare a wide and flexible health insurance scheme, suitable for a wide range of policyholders. 

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Strategic Goals and Market Expansion  

The introduction of Tata AIG’s Medicare Selection is aligning with its comprehensive trade expansion strategy, including: 

• Increasing the revenue contribution of retail health insurance section from 26% to 35%.  

• To expand more than 11,500 to 14,000 features to your hospital network by FY27.  

• Strengthen your access to Tier 2 and Tier 3 cities, enabling better healthcare access to undescribed areas. 

Business Performance and Market Outlook  

By March 2025, Tata AIG posted a gross written premium (GWP) of 17,700 crores, which recorded an increase of 17% year-to-year. According to the main underwriting and data science officer Neil Chheda, the Medicare Selection will play an important role in reaching the new customer segment and running innovation in the rapidly developed Indian health insurance market. 

Why MediCare Select Matters  

With rising awareness about rising healthcare costs and health coverage, the Medicare selection series meets the demand for accessible and reliable insurance products. It strengthens the status of Tata AIG as a customer-centered insurer and strengthens its commitment to provide quality healthcare and in India.  
 

Disclaimer: 

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