hospital is not on the list you can easily benefit from the reimbursement option in addition to this your health insurance plan must have no restriction on room rent this will help you have access to the best possible treatment at all times it should cover the costs of all the medical aid that is required in your treatment this is important in the current times as there are various medical aids and equipment that the patient or their family is required to buy externally and share with the hospital staff tata aig covers all these needs under consumable benefits in addition to this it also offers benefits over 540 different day care procedures highend opd tests and some vaccinations tata aig medical also offers restore benefits which replenish your sum insured as well as the accrued cumulative bonus after it is exhausted due to an emergency and talking about cumulative bonus tata aig offers noclaim benefits for those years where you do not need to avail the health insurance plan this noclaim benefit can be used to either reduce your premiums or increase your health cover always check the claim settlement ratio the biggest contributor to choosing a health insurance policy is to pick a brand that you can completely trust their claim settlement ratio gives you a clear picture on the trust aspect of any insurer take tata aig for example in addition to the stronghold of tata which is undoubtedly one of the most trusted companies in india the tata aig health insurance also boasts of a claim settlement ratio of 9643 in fy 201920 these high numbers prove that anyone who is relying on tata aig health insurance can be rest assured that their medical costs are covered lets talk benefits while these are the factors that you need to check while investing in a health plan there are various benefits of making this investment especially in the beginning of the financial year for starters we all know that health insurance offers a muchneeded financial cushioning and tackles all our stress regarding any uncertainty or sudden hospitalisation in addition to this health plans also offer tax benefits under section 80d of the income tax act 1961 if you are a salaried individual under 60 years of age and avail a health plan for yourself and a separate plan for your parents also below 60 years then you can avail tax deduction of up to rs 50000 rs 25000 for individual and rs 25000 for parents under this section in case your parents are above 60 years of age their health insurance premium eligible for deduction goes up to rs 50000 in addition to this you can also claim tax exemption of rs 5000 per year for preventative health check ups for your parents below 60 years of age and up to rs 7000 for those above 60 years all these factors make health insurance a musthave in your financial plan and there is no questioning the