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  • Niva Bupa

  • GoDigit

  • Tata AIG

Niva Bupa logo

MEDICAL INSURANCE

Niva Bupa

  • Carry forward unused base sum insured up to 10 times of base cover
  • Get back your base coverage, unlimited times and forever
  • Health Check-up from Day 1
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TATA AIG Logo

MEDICAL INSURANCE

Tata AIG

  • Global Cover for Planned Hospitalization
  • Restore Benefit
  • Emergency Air Ambulance Cover
  • Sum insured options up to 1 Crore
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GoDigit

MEDICAL INSURANCE

GoDigit

  • 9,000+ Cashless Network Hospitals1: Extensive network for your convenience
  • Digital Claim Settlement Process: Hassle-free claims process
Buy Now

What is medical insurance?

Medical insurance is a very targeted and limited form of health insurance wherein you get coverage for a pre-defined and limited set of medical expenses. Additionally, there is a ceiling on the maximum sum assured - generally Rs.5,00,000, and there is no scope to enhance the coverage through riders/add-ons.

Disclaimer: Tata Capital Limited (“TCL”) bearing License no. CA0896 valid till 21-Jan-2027, acts as a Composite Corporate Agent for TATA AIA Life Insurance Company Limited, HDFC Life Insurance Company Limited, BAJAJ Allianz Life Insurance Company Limited, Kotak Mahindra Life Insurance Company Limited, GO DIGIT Life Insurance Company Limited, TATA AIG General Insurance Company Limited,  IFFCO Tokio General Insurance Company Limited, GO DIGIT General Insurance Company Limited, Cholamandalam MS General Insurance Company Limited, Magma HDI General Insurance Company Limited, The Oriental Insurance Company Limited, Star Health and Allied Insurance Company Limited and Niva Bupa Health Insurance Company limited.

Please note that, TCL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms & conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.

The Registered office of TCL is Tata Capital Limited, 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam, Marg, Lower Parel, Mumbai-400013

Is Health Insurance the Same as Medical Insurance?

  • In a broad sense, both health and medical insurance provide financial support in a health emergency. This is in the form of cashless claim settlement or reimbursement. They also offer tax benefits under Section 80D of the Income Tax Act, 1961. However, this is where the similarity ends.

  • Health insurance provides extensive coverage for various health conditions. Medical insurance provides limited coverage for specific health emergencies. The extent of coverage in Medical Insurance is pre-defined and limited to specific injuries, accidents and illnesses. 

  • The coverage provided by medical insurance is lesser than that provided by health insurance. Since the sum insured (SI) amount is pre-capped, the premium rate payable for medical insurance is low and affordable. Medical insurance also doesn’t give its policyholders the option to add extra covers or riders as health insurance does.

  • Health insurance is much more flexible. Policyholders can choose the scope of coverage and the SI amount, and the policy term. Medical insurance does not provide any add-on covers. In comparison, Health insurance offers optional add-on covers like maternity and new born, accidental, critical illness, etc. One can avail of it on a standalone basis or as a rider.

Conclusion?

To conclude, health insurance and medical insurance are not the same. Medical insurance suits those with specific health needs. Health insurance works for those looking for comprehensive coverage for various health needs.

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