Tata AIG Life Health First-Medical Insurance Policy

Today, having medical insurance is a necessaryThe policy pays a lumps sum payment of Rs.12.50
for all individuals. It protects the insured againstLakh in the event of first diagnosis of any
the high cost of medical services that requiresspecified critical illness. They are Cancer, Stroke,
often. Without medical insurance policy, it mayHeart Attack, Coronary Bypass Surgery, Major
really difficult to afford such expensive medicalOrgan Transplant, Aorta Surgery, Benign Brain
services.Tumor, Paralysis, Heart Valve Surgery, Total
Tata AIG Life Health First is a comprehensiveBlindness, Parkinson's Diseases, etc. In the event
policy which takes care of all medical servicesof death of the insured, it pays a lump sum of
including hospitalization, major surgery, criticalRs.10,000/- to the insured family. But, this benefit
illness, post hospitalization and even unfortunateis payable only, if no other benefit has been
death of the insured. This policy can be purchaseclaimed. To avail the benefits, the treatment must
from 1 to 10 units.occur at a pre-approved hospital.
During hospitalization, the policy pays a dailyThe premium paid by cheque for this policy is
hospitalization allowance of Rs.2,5000/- on per dayeligible for tax benefit under section 80C and 80D
basis. Also, it covers post hospitalization expensesof the  Income Tax Act,1961.
at Rs.1,250/- per day for a follow up treatmentThe policy covers all individuals aged between 18
up to 3 days. This benefit is payable only, if Dailyand 60 years. The policy can be renew till the age
hospitalization benefit is payable.of 64 years without any further medical
For a surgical benefit, it pays a lump sumexamination. The policy comes with 15 days free
payment of Rs.50,000/-. This benefit is payablelook period.
only, if daily hospital benefit is payable.