Insurance Plans Comparison
Niva Bupa Health Companion Variant 3 vs TATA AIG Medicare
Make an informed decision with our detailed side-by-side comparison of top health insurance policies. Compare...
Read moreHealth Companion Variant 3
High-cover family health insurance from ₹15 Lakh to ₹1 Crore with any room (except suite), 20% No Claim Bonus and a yearly refill.
What Makes It Special:
A high Sum Insured version of Health Companion (₹15 Lakh to ₹1 Crore) with near-any-room eligibility, a 100% refill and the highest animal-bite vaccination and Hospital Cash limits among Variants 1 to 3.
Best For:
Existing Health Companion customers renewing on the Variant 3 structure
People wanting an optional deductible to reduce premium
Buyers who want a No Claim Bonus of 20% per claim-free year
People who want to choose almost any hospital room
Families wanting a high Sum Insured of ₹15 Lakh or more
VS
Medicare
Tata AIG Medicare
What Makes It Special:
Tata AIG MediCare is a comprehensive health insurance plan that provides coverage for inpatient hospitalisation, Day Care Treatment, pre and post-hospitalisation expenses, domiciliary treatment and AYUSH treatment. The policy also includes benefits such as automatic restoration of the Sum Insured, Cumulative Bonus, preventive health check-ups, second medical opinion and additional...
Best For:
Customers who value additional healthcare services such as preventive health check-ups and second medical opinions.
Individuals looking for additional protection through restoration and Cumulative Bonus benefits.
Customers who want coverage for domiciliary treatment and AYUSH treatment.
Families looking for health insurance with Family Floater coverage.
Individuals looking for comprehensive hospitalisation and Day Care Treatment coverage.
Insurance Plans Comparison
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Quick Decision Guide
Things to Consider: Non-payable consumables in Annexure I are not covered, and no consumables add-on is listed for this variant.
Things to Consider: Maternity and OPD consultations are not covered.
Things to Consider: Refill cannot be used for the same illness in the same year.
Things to Consider: Pre-existing diseases are covered only after 36 months.
Things to Consider: Pre and post hospitalisation is limited to 30 and 60 days.
Reasons to Consider: Annual health check-up from the second year and animal-bite vaccination up to ₹7,500.
Reasons to Consider: 100% refill of Base Sum Insured once a year for a different illness.
Reasons to Consider: 20% No Claim Bonus per claim-free year, up to 100% of Base Sum Insured.
Reasons to Consider: Any room covered up to Sum Insured, except Suite or above.
Reasons to Consider: High Sum Insured options from ₹15 Lakh to ₹1 Crore.
The policy also provides additional benefits such as preventive health check-ups, second medical opinion and other healthcare support, subject to the applicable limits and conditions.
Domiciliary Treatment is covered when the treatment exceeds three days and the applicable policy conditions are satisfied.
A 50% Cumulative Bonus is added after each claim-free policy year, up to a maximum of 100% of the Sum Insured, subject to policy conditions.
The policy provides automatic restoration of the Basic Sum Insured after the Sum Insured and accrued Cumulative Bonus are exhausted, subject to applicable conditions.
Consider Tata AIG MediCare if you want coverage for inpatient hospitalisation, Day Care Treatment, pre-hospitalisation and post-hospitalisation expenses.
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Detailed Features Comparison
Compare the key features of different health insurance plans
Health Companion Variant 3 Health Insurance Plan VS VS |
![]() Medicare Health Insurance Plan |
| Room Rent |
|---|
Health Companion Variant 3 Covered up to Sum Insured, any room except Suite or above; proportionate deduction if a higher category is used |
VS VS |
Medicare
|
| ICU Charges |
|---|
Health Companion Variant 3 Covered up to Sum Insured as part of In-patient Care |
VS VS |
Medicare 4% of Sum Insured per day |
| Co-payment |
|---|
Health Companion Variant 3 No co-payment in base plan; 20% co-payment applies only under the legacy "Treatment only in Tiered Network" option (renewal customers who already chose it) for reimbursement treatment in 9 metro cities |
VS VS |
Medicare No Specific Mandatory Co-payment Mentioned |
| Disease-wise sublimits |
|---|
Health Companion Variant 3 No disease-wise sublimits stated; benefit limits apply to road ambulance (₹3,000), animal-bite vaccination (₹7,500) and Hospital Cash |
VS VS |
Medicare Applicable to Specified Treatments |
| Waiting Period |
|---|
Health Companion Variant 3 Information Unavailable |
VS VS |
Medicare
|
| Cashless Healthcare Providers |
|---|
Health Companion Variant 3 Cashless at Niva Bupa network hospitals (10,000+ per Niva Bupa Annual Report FY 2024-25; Requires verification for current count) |
VS VS |
Medicare 11,000+ Cashless Hospitals |
| Restoration Benefit |
|---|
Health Companion Variant 3 Refill up to 100% of Base Sum Insured, once per policy year, for subsequent claims of a different illness only (after Base SI and NCB are exhausted) |
VS VS |
Medicare Available Once for Road Traffic Accident |
| Cumulative Bonus |
|---|
Health Companion Variant 3 No Claim Bonus of 20% of expiring Base Sum Insured per claim-free year, up to 100%; NCB is not increased in a year following a claim |
VS VS |
Medicare 5% of Sum Insured per claim-free year |
| Daycare Treatment |
|---|
Health Companion Variant 3 Day care treatments (less than 24 hours) covered up to Sum Insured, incl. chemotherapy, radiotherapy and dialysis |
VS VS |
Medicare Cover expenses for listed Day Care Treatment due to disease/illness/injury during the policy period taken at a hospital or a Day Care Centre. |
| Consumable Cover |
|---|
Health Companion Variant 3 Consumables directly part of treatment (IV fluids, injection administration, medicines) covered under In-patient Care; non-payable items in Annexure I List I not covered; no consumables add-on stated for Variant 3 |
VS VS |
Medicare Not Covered as a Separate Benefit |
| AYUSH Treatment |
|---|
Health Companion Variant 3 In-patient Ayurveda, Unani, Siddha and Homeopathy in an AYUSH Hospital covered up to Sum Insured |
VS VS |
Medicare Cover for expenses incurred for treatment as in-patient in AYUSH Hospital. |
| Initial Waiting Period |
|---|
Health Companion Variant 3 30 Days (not applicable to accidents) |
VS VS |
Medicare 30 Days |
| Specific Waiting Period |
|---|
Health Companion Variant 3 24 Months for listed conditions (incl. cataract, hernia, joint disorders, chronic kidney disease, internal congenital anomaly); not applicable to accidents; cancer covered after 30 days |
VS VS |
Medicare 24 Months |
| PED Waiting Period |
|---|
Health Companion Variant 3 36 Months |
VS VS |
Medicare 36 Months |
| Modern Treatment |
|---|
Health Companion Variant 3 Covered up to Sum Insured (12 listed treatments incl. robotic surgery, oral chemotherapy, deep brain stimulation, stem cell therapy for haematological conditions) |
VS VS |
Medicare Covered up to 25% of Sum Insured |
| Annual Health Checkup |
|---|
Health Companion Variant 3 Annual, from 2nd policy year (on renewal), for insured aged 18+; cashless at empanelled providers; defined test list (CBC, urine, ESR, HbA1c, cholesterol, HDL, LDL, urea, KFT) |
VS VS |
Medicare Available as per Policy Terms |
| Pre-Hospitalisation |
|---|
Health Companion Variant 3 Up to 30 Days, covered up to Sum Insured (reimbursement basis) |
VS VS |
Medicare Covered for Up to 30 Days |
| Post-Hospitalisation |
|---|
Health Companion Variant 3 Up to 60 Days, covered up to Sum Insured (reimbursement basis) |
VS VS |
Medicare Covered for Up to 60 Days |
| Outpatient Department Cover (OPD Expense) |
|---|
Health Companion Variant 3 Not covered; only OPD vaccination after an animal bite, up to ₹7,500 |
VS VS |
Medicare Not Covered under Base Policy |
| Deductible Option |
|---|
Health Companion Variant 3 Optional Annual Aggregate Deductible of ₹1 / 2 / 3 / 4 / 5 / 10 Lakh |
VS VS |
Medicare Not Specified |
| Coverage Options |
|---|
Health Companion Variant 3 Base Sum Insured ₹15 Lakh, 20 Lakh, 30 Lakh, 50 Lakh, 1 Crore; Individual or Family Floater |
VS VS |
Medicare ₹1 Lakh to ₹10 Lakh |
| Claim Settlement Ratio |
|---|
Health Companion Variant 3 96.7% of claims settled (by number) for Health Companion in FY 2025-26 (all Health Companion UINs reported together). Source: Niva Bupa Public Disclosures FY2025-26 (Form NL-47), https://transactions.nivabupa.com/pages/doc/pub-dis/quarterly-reports/Website-Public-Disclosures-Mar-2026.pdf. Company-level: 94.4% (Niva Bupa Annual Report FY 2025-26) |
VS VS |
Medicare Not Specified |
| Maternity Cover |
|---|
Health Companion Variant 3 Not covered (Maternity excluded, Code Excl18) |
VS VS |
Medicare Not Covered |
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