What is the TATA AIG Health Insurance Premium Rate Chart?

What is the TATA AIG Premium Rate Chart?

Each insurance company in India is required to submit a premium chart to IRDAI for transparency in pricing models and public accountability. The chart displays age bands, sum insured slabs, location/zones, and other policy specifications. 

Similarly, TATA AIG also publishes its premium rates for health coverage to provide clarity and support informed decision-making for its customers.

Introduction

Ever wondered how your health insurance premiums differ from someone else’s, even for the same policy? That’s because several key factors, like age or city of residence, play a significant role in determining the final premium you pay for your health coverage.

Full disclaimer: TATA AIG is not a partner company with Ditto. At Ditto, we help customers understand premium differences and help them make informed choices for the best coverage.

This guide helps you understand how TATA AIG

• Calculates premiums.
• Covers age bands, sum insured slabs, and zonal classifications.
• Simplifies complex terms for easy understanding.          

Did you know? Choosing the wrong insurance plan could cost you a lot in the long run! But our IRDAI-certified advisors offer free consultations to help you pick the right policy! Book a call now – no pressure, no spam, just honest insurance advice.

TATA AIG Premium Rate Chart: Age Bands and Sum Insured Slabs

Here’s a snippet from the  TATA AIG policy wording where you can find the Rate chart:

Age Bands and Sum Insured Slabs provide standardized categories for risk assessment and premium calculation. Age bands group policyholders by age ranges, while sum insured slabs define coverage levels. Such classifications are required because age affects health risk, life expectancy, and the likelihood of claims, while the sum insured indicates potential payout exposure.

Here’s a snippet from TATA AIG’s MediCare Select:

How do TATA AIG Health Premium Prices Differ by City or Zone?

In India, health insurers use zonal classifications to price premiums more accurately based on medical costs, lifestyle risks, and healthcare infrastructure in different regions. It's a common practice to ensure that residents or those from non-metro/tier cities are not penalized for higher treatment costs in metro cities.

For example, if a 25-year-old male purchases a TATA AIG Medicare Premier with a sum insured of Rs 15 lakh, he needs to pay an annual premium of ₹14,536 if he resides in Delhi, while he needs to pay ₹11,397 if he resides in Patna.

TATA AIG offers zonal classification for its health products depending on the following zones:

How to Calculate TATA AIG Health Insurance Premium Online?

You can calculate your insurance premium through the TATA AIG online calculator. Here’s how it works:

Step 1: Know Your Age 

Premiums under the TATA AIG Policy are listed by age. The older you are, the higher the premium, since health risks rise with age. At Ditto, we recommend that our customers buy a comprehensive health plan when they are young and healthy. 

Step 2: Choose the Sum Insured

Decide the total coverage amount you need (for example, ₹5 lakh, or ₹15 lakh). A higher sum insured offers better protection but comes with a slightly higher premium.

For example, if a 25-year-old male (non-smoker, residing in Delhi) purchases a TATA AIG Medicare Select with a sum insured of Rs 10 lakh, he needs to pay an annual premium of ₹6,717, while he needs to pay ₹8,083 if the sum insured is Rs 20 lakh. Thus, the premium increases by a slight margin for double the coverage.

Step 3: Check Your Zone

Premiums also vary based on where you live. TATA AIG classifies India into zones to reflect medical costs.

At Ditto, we recommend checking for zonal restrictions, such as co-payments. If your budget allows, consider choosing Zone 1/Tier-1 premiums, even if you live in lower zones, to ensure coverage for treatments in major cities without incurring extra costs.

Step 4: Add Optional Covers

You can enhance your base policy with add-ons such as consumable benefit or unlimited restoration.

Step 5: Apply Available discounts

For instance, TATA AIG products offer several discount options. Here’s a snippet of how discounts work for the MediCare Premier Care policy:

Quick Note:

Your final premium depends on how the insurer reviews your medical history. Loading charges( due to increased BMI or smoking/drinking)  increase costs to balance overall risk. PED rules limit coverage for pre-existing conditions. Together, they help keep insurance affordable and fair for both the insurer and the policyholder.

How Are Premiums for Family Floater Plans Calculated?

Under a family floater policy, the total premium is calculated on the basis of the age of the eldest member. When you add more members, a small additional amount is added to the premium.

Let’s take a quick look at the premiums( including consumable cover add-on) for TATA AIG Medicare Select for different family compositions, opting for a sum insured of ₹15L, residing in Delhi:

Why Talk to Ditto for Your Health Insurance?

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Final Thoughts

TATA AIG’s premium rates change based on your age, city, and coverage. It is a trusted insurer that offers a variety of plans and dependable customer support.

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