TATA AIG Rolls Out MediCare Select, Targets 35% Growth in Tier 2 & 3 Markets

The company aims to expand its hospital network from 11,500 facilities to over 14,000 by FY27.

TATA AIG General Insurance Company has unveiled MediCare Select, an advanced health insurance solution, to enhance its retail health portfolio and widen healthcare accessibility across India.

The company aims to expand its hospital network from 11,500 facilities to over 14,000 by FY27. It also expects Tier 2 and 3 markets to contribute 35% to its health insurance portfolio within the same timeframe, up from the current 26%.

Neel Chheda, Chief Underwriting and Data Science Officer, TATA AIG General Insurance Company Limited, said, “As medical costs rise and health conditions evolve, this product enables individuals and families to stay covered without compromise. Over the past three years, we’ve seen growing adoption of our retail health offerings, and this launch will help us extend that reach to more geographies and segments, ensuring broader access to quality healthcare.”

MediCare Select aims to cover both urban and semi-urban markets by offering customizable and inclusive coverage options.

The policy introduces Restore Infinity Plus, allowing unlimited restorations of the sum insured for related and unrelated ailments within a policy year.

Infinite Advantage ensures one lifetime claim without any sum insured limit. The OPD Care Rider provides outpatient treatment coverage, including consultations, dental care, teleconsultations, and vision care.

Customers can also opt for a Consumables Benefit covering hospital expenses such as crepe bandages, gloves, and slings, which often add up to a substantial portion of hospital bills.

For maternity coverage, an option includes benefits such as delivery complications and newborn vaccinations within the first year, with a waiting period that can be reduced from 24 months to 12.

Salaried individuals are entitled to a 7.5% discount on premiums, while families where the eldest member is 40 or younger can avail a 10% discount.

Recently, TATA AIG introduced over 70 riders and benefits as part of its health portfolio.

The Indian health insurance sector is evolving rapidly, growing at an estimated 18% CAGR, driven by rising medical expenses, heightened health awareness, and increasing lifestyle-related conditions.

By FY31, India’s general insurance market is projected to reach INR 5.6 Lakh Cr.

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