The product is designed to provide a complete cover for prolonged hospitalisation, including a major surgery or a critical illness, says Tata AIG Life managing director Ian Watts. "The product has been created keeping in mind the difficulties faced by Indians while meeting the high medical and hospitalisation costs."

Tata AIG Health First will make life more comfortable for the insured and also that of his family while settling their medical expenses, he says. "One of the unique features of this policy is that a lump sum allowance is paid irrespective of the actual medical or hospitalisation expenses. The plan is also renewable till the age of 65 years, without any medical examination, with premiums increasing only once in every five years."