365Telugu.com online news,Hyderabad, April 30th, 2025:TATA AIG General Insurance Company Limited, one of India’s leading general insurers, has reported over 3X growth in its retail health insurance portfolio across Telangana and Andhra Pradesh in the past year, providing coverage to more than 82,000 lives. This significant expansion highlights the increasing demand for trusted health insurance solutions in these underpenetrated southern markets.
With a presence across 51 districts and major branches in Hyderabad, Visakhapatnam, Vijayawada, Warangal, Karimnagar, and Nellore, TATA AIG has expanded its healthcare network to over 1600 hospitals and empowered 14,500 advisors, contributing to both improved access and local livelihood generation.
New Product Launch: MediCare Select
To address the growing demand for accessible healthcare, TATA AIG has launched MediCare Select — a flexible and affordable health insurance product tailored for a broad range of customers, from newborns to senior citizens. With no entry age limit, customizable features, and attractive benefits like a 7.5% salary discount and lifelong Young Family Discount, the plan is designed to cater to evolving health needs across income groups.
Medical inflation in the two states has reached 16%, surpassing the national average of 13%, prompting the need for more cost-effective health insurance solutions. MediCare Select aims to bridge this gap and offer protection against soaring treatment costs.
Rising Healthcare Costs & Claims Insights
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Over the past three years, cancer treatment has become the leading cause of hospitalization in Telangana and Andhra Pradesh, with a 25% rise in expenses and average costs at ₹1.6 lakh. Coronary Artery Disease (CAD) treatment costs have increased by 40%, and Chronic Kidney Disease (CKD) by 38%, underscoring the urgency of affordable coverage. Notably, TATA AIG settled a ₹1 crore claim in Hyderabad for a severe CAD case in 2025.
Company Outlook & Vision
Pratik Gupta, Head of Agency, commented:
“Telangana and Andhra Pradesh offer strong growth potential. We’ve grown our retail health market share from 2.1% to 3.6% in two years and aim for 5% shortly. With plans to onboard 15,000 additional distribution partners, we are focused on delivering innovative and customer-centric insurance solutions.”
Rudraraju Rajagopal, Head – Accident & Health Claims, added:
“The rising cost of healthcare calls for fast, cashless, and dependable insurance. Our cashless utilization stood at 81% in Telangana and 68% in Andhra Pradesh in FY 2024-25. We remain committed to expanding access and easing financial burdens for customers across both urban and rural areas.”
TATA AIG’s expansion and product innovation efforts continue to play a critical role in enhancing healthcare access and financial protection in the region.