In a world where medical expenses are rising faster than inflation, young families are often caught in a financial dilemma: how to protect their loved ones without burning a hole in their pockets. TATA AIG’s new health insurance product, MediCare Select, might just be the answer. Launched with a sharp focus on accessibility, affordability, and flexibility, MediCare Select offers features that are not only family-friendly but also aligned with the real-world needs of young, working individuals.
As a trusted financial consultant, Assured Plus supports families in Kerala by helping them choose insurance plans like MediCare Select that match their life stage and budget.
The Changing Needs of Young Families
Modern Indian families are more nuclear, mobile, and financially aware than ever before. With both partners often working, time is tight, expenses are high, and priorities have shifted. Healthcare, once an afterthought, is now a central concern, especially post-COVID-19.
According to IRDAI, health insurance penetration in India remains below 40%, with Tier 2 and Tier 3 cities having even lower numbers. Many young families skip insurance altogether, assuming it’s expensive or doesn’t offer real value. MediCare Select aims to flip this assumption.
1. Affordable Premiums with Real Value
For many first-time buyers, cost is the biggest barrier. TATA AIG addresses this with:
- Young Family Benefit: A 10% premium discount if the eldest family member is under 40.
- Professional Benefit: Salaried individuals receive a 7.5% discount.
This means a couple in their early 30s with a newborn can enjoy a 17.5% total discount—a significant saving without compromising on coverage.
2. Early Access to Full Benefits
Typical policies have long waiting periods and gradually increasing coverage. MediCare Select disrupts this with Early Access:
- Multi-year, single premium plans give access to the full sum insured from Day 1, throughout the entire policy term.
- This is especially useful for maternity, newborn care, or early-life medical conditions.
So, rather than waiting years to unlock full benefits, young families can be protected right from the start.
3. Maternity and Newborn Coverage That Actually Makes Sense
Most insurance plans cover maternity only after a waiting period of 2-4 years. But what about young couples planning a child in the near future?
MediCare Select includes:
- Maternity care, including pregnancy complications.
- Newborn vaccinations.
- Option to reduce waiting periods for maternity benefits.
These aren’t just add-ons. They’re practical needs for young families. By offering these as part of the plan or through flexible riders, MediCare Select stays ahead of the curve.
4. Infinity Advantage: Because Kids Get Sick. A Lot.
The Infinity Advantage allows:
- One claim during the policy’s lifetime with no sum insured limit.
- Perfect for high-cost treatments or sudden medical emergencies.
In a world where a single hospitalisation can run into lakhs, this feature provides unmatched peace of mind.
5. Restore Infinity Plus: More Coverage When You Need It
Parents know that illnesses don’t always strike just once. If your child is hospitalised in April and then again in September, most policies exhaust their annual sum insured. Not this one.
- Restore Infinity Plus ensures unlimited restoration of sum insured, even for related ailments, within the same year.
- You don’t need to worry about how many times you claim—the cover gets restored every time.
6. OPD and Daily Needs Included
What makes MediCare Select family-friendly is its attention to the little things:
- OPD Rider: Covers dental, vision, teleconsultations, and more.
- Daily Cash Benefit: Get Rs. 1,200-1,500 per day for shared room accommodation, without affecting your base sum insured.
- Consumables Cover: Even items like gloves, syringes, and bandages are covered—expenses that typically add up quickly in hospital bills.
7. Cashless Network Expansion: Easier Access, Even in Smaller Cities
MediCare Select is not just for big cities. TATA AIG plans to expand its hospital network from 11,500 to over 14,000 by FY27. More hospitals mean:
- Easier cashless access.
- Less paperwork.
- Coverage in Tier 2 and Tier 3 cities where young families are increasingly settling.
8. No Claim Bonus (NCB): Rewarding Good Health
The plan offers:
- 50% bonus per year, up to 100%.
- In case of a claim, only a 50% reduction applies.
This rewards families that stay healthy while not punishing those who need care.
9. Built for the Budget-Conscious, Not the Bare Minimum
Insurance for young families often means tight budgets. Instead of selling cheap, stripped-down policies, MediCare Select offers:
- Modular structure: Pay only for what you need.
- 70+ add-ons and riders to customise the plan.
- Real-world use cases that go beyond hospitalisation.
It’s like choosing a meal plan that actually feeds your whole family—not just gives you a plate and fork.
10. Why MediCare Select is the Ideal First Health Plan for New Families
If you’re buying your first policy, here’s what you need:
- Affordability
- Broad hospital network
- Maternity and child care
- Riders for customisation
- Fast access to benefits
- Strong claim support
MediCare Select checks all these boxes, making it a no-brainer for today’s young couples.
Final Thoughts: MediCare Select Is Health Insurance That Grows With You
Unlike traditional health plans that feel like hand-me-downs from another era, MediCare Select is clearly designed with today’s realities in mind. Whether you’re a new couple, planning a child, or already juggling parenthood and careers, this policy offers flexibility, affordability, and peace of mind.
Assured Plus, a leading financial consultant in Kerala, proudly helps young families access plans like MediCare Select—bridging the gap between aspirations and real-world protection.
TATA AIG isn’t just selling a policy here. They’re offering a plan that grows with your family—not just in size, but in protection.
