Choosing the right sum insured in a health insurance plan is one of the most important decisions when buying a policy. It determines how much financial protection you’ll have in case of medical emergencies. If you’re considering the Tata AIG Medicare Plus Plan, understanding how to pick the right coverage amount can help you avoid underinsurance while staying within your budget.

In this article, we’ll guide you step-by-step to choose the ideal sum insured under the Tata AIG Medicare Plus health insurance plan, keeping your needs, family size, and medical inflation in mind.

What Is Sum Insured in Health Insurance?

The sum insured is the maximum amount your health insurance company will pay during a policy year for medical expenses. For instance, if you have a sum insured of ₹10 lakh, your insurer will cover up to ₹10 lakh in hospitalization and other eligible healthcare costs during the policy term.

Why Choosing the Right Sum Insured Matters

Selecting a low sum insured to save on premiums might seem appealing initially, but it can lead to huge out-of-pocket expenses if hospitalization bills exceed your coverage. On the other hand, unnecessarily high coverage could lead to paying more premium than required.

With healthcare costs rising every year, selecting the right coverage under the Tata AIG Medicare Plus policy ensures peace of mind and financial security.

Factors to Consider While Choosing the Sum Insured in Tata AIG Medicare Plus Plan

1. Your Age and Health Condition

Younger individuals (20s–30s) can usually start with a moderate sum insured like ₹5–10 lakhs.
For people over 40 or with pre-existing medical conditions, a higher sum insured (₹10–25 lakhs) is advisable.

2. Family Size and Medical History

If you're buying a family floater plan, consider the age and health status of each member.
Families with elderly parents or children should opt for higher coverage to account for potential hospitalizations.

3. City of Residence

Medical treatment costs vary depending on the city. In metros like Delhi, Mumbai, or Bangalore, even basic procedures can be expensive. A higher sum insured is recommended for residents in Tier 1 cities.

4. Medical Inflation and Future Costs

Healthcare costs in India are increasing by 10–15% annually. The treatment that costs ₹5 lakh today might cost ₹7–8 lakh five years from now. To stay ahead of inflation, consider this while deciding your coverage amount.

5. Your Budget and Premium Affordability

Tata AIG Medicare Plus offers multiple sum insured options. Compare premiums for different cover amounts and choose what fits your budget. Don’t forget to consider deductibles, co-payments, and other terms.

Popular Sum Insured Options in Tata AIG Medicare Plus Plan

The Tata AIG Medicare Plus plan offers sum insured choices typically ranging from ₹2 lakh to ₹50 lakh. Most users prefer ₹5–10 lakh for individual cover and ₹10–20 lakh for family floater plans, balancing affordability with adequate protection.

Use Add-Ons to Enhance Your Coverage

If you're not sure about a high base sum insured, consider add-ons like:

Restore Benefit (refills the sum insured after it's used)
Top-Up Plans (extra coverage beyond a certain threshold)
No Claim Bonus (increases coverage every year without a claim)

These options help maximize benefits under the Tata AIG Medicare Plus policy without drastically increasing your premium.

Final Thoughts

Choosing the right sum insured in Tata AIG Medicare Plus Plan involves careful planning, not guesswork. Consider your family’s needs, health history, medical costs in your area, and future risks. A well-chosen coverage limit ensures that you're not financially burdened when it matters most.

How to Choose the Right Sum Insured in Tata AIG Medicare Plus Plan