IIMCAA Group Health Insurance: How To Register, What is Premium Amount – FULL DETAILS


November, 2022


  1. IIMCAA Group Health Insurance
  2. Healthcare Super Top Up
  3. Personal Accident Insurance
  4. Disclaimer
  5. IIMCAA Group Health Insurance

               We have got a Group Health Insurance Scheme from Tata AIG of Rs. 5 Lakh Sum Insured as                Family Floater.

1A: Salient Features of the Product are as under:

  • Covers family comprising two adults and up to two dependent children till the age of 25 years
  • Covers 30 days Pre and 60 days Post hospitalization
  • Almost all pre-existing disease covered
  • Day care: 541-day care procedures covered
  • Room rent: 1% of SI for Normal and 2% for ICU, Normal Room Rent is inclusive of Nursing Charges
  • In the event of insured getting admitted in higher room category, all hospital related expenses will be on proportionate basis to the eligibility limit as per room rent restriction. All other related charges in accordance with the room rent restriction or actuals whichever is lower
  • Terrorism: Any Hospitalisation due to terrorism activities will be covered up to IPD Sum Insured
  • Ambulance / Road Ambulance: Covered up to 1% of SI with maximum amount of INR 2000 Per Hospitalisation
  • Limit on Treatment/ Illness/ Surgery: No capping on Appendix, Eye related (other than Cataract), Gall Bladder, Hernia, Hydrocele, Hysterectomy, Piles, Urinary Stone (including DJ stent removal for same stone) and Joint Replacement including Vertebral joints
  • Maternity Benefit (For Normal and C Section): Covered for Metro locations (Normal Delivery – INR 50000, C-Sec – INR 50000) & For Non-Metro locations (Normal Delivery – INR 50000, C-Sec – INR 50000) – Applicable for Self and Spouse, for First two deliveries only, 9 Month Waiting Period for Maternity Waived Off
  • Pre and Post Natal Expenses Covered within Maternity Limit on IPD and OPD basis up to INR 5000
  • Baby day 1 cover: Not Covered
  • Family Transportation Covered: up to INR 5000
  • Nursing Allowance Covered for INR 100 per day up to a maximum of 15 days with a deductible of 2 days
  • Congenital Internal diseases: Covered
  • Congenital External diseases: Covered in Life threatening condition only
  • AYUSH Cover: Covered in Govt. Recognised hospitals only up to 25% of Sum Insured
  • Co-Pay on all Claims: No Co-payment on claims
  • Dental Treatment: Covered in case of hospitalization due to accident on IPD basis only
  • Cataract Limit (INR): Rs. 20,000/- per eye
  • Specified disease/ procedure waiting period: Waived off
  • 30 Days waiting period: Waived off
  • PED waiting period: Waived off
  • Co-pay for Specified illness: Cyberknife treatment/Stem Cell Transplantation covered with 50% Co Pay
  • Cochlear Implant treatment: Cochlear Implant treatment restricted to 50% of SI
  • Hospital Cash Benefit Hospital Cash Benefit is covered for Rs 500 per day for 7 days Only if Hospitalisation is more than 5 days
  • Psychiatric ailments Policy also covers hospitalization arising out of Psychiatric ailments within a limit of Rs. 50,000 per family
  • Refractive Error Correction Covered if correction index is +/- 6.5 D
  • Functional Endoscopic Sinus Surgery: Policy also covers hospitalization arising out of Functional Endoscopic Sinus Surgery within a limit of 35,000 per family within the Family Floater SI
  • COVID 19 Covered from Day 1
  • Domiciliary Hospitalisation: Not covered
  • Outpatient Department (OPD): Not Covered
  • Health Check Up: Not Covered
  • Metro Cities: Metro cities includes Mumbai, Delhi NCR, Chennai, Bengaluru, Kolkata, Hyderabad, Pune and Ahmedabad
  • Limit on Treatment/Illness/Surgery Metro Non metro
    • Appendix No Capping No Capping
    • Eye related (Other than Cataract) No Capping No Capping
    • Gall Bladder No Capping No Capping
    • Hernia No Capping No Capping
    • Hydrocele No Capping No Capping
    • Hysterectomy No Capping No Capping
    • Piles No Capping No Capping
    • Urinary Stone (incl DJ stent removal for same stone) No Capping
    • Joint Replacement including Vertebral joints No Capping 

1B: Premium for various age slabs for IIMCAA Group Health Insurance Plan:

Age (as on Dec 20, 2022)Premium (Rs.)
90 Days to 25 Years5,400
26 – 35 Years6,200
36 – 45 Years6,700
46 – 55 Years10,000
56 – 65 Years18,000
66 – 75 Years25,000
76 – 90 Years35,000

1C: Who are eligible:

Primary Applicant + Spouse + Up to two dependent children up to 25 years of age

Primary Applicant: Anyone who has completed any of the PG Diploma courses or has completed a training period of minimum three months course at any campus of IIMC and is between 91 days to 90 years of age is eligible to take IIMCAA Group Health Insurance.

1D: How to Register

Please fill up your data in the Google Form here: https://forms.gle/CSAFYVSsyFJ2k9dX6

After you have filled in the Google Form, please calculate the premium to be paid for each member of your family as per the table in 1B above. You will receive an email from iimcaainsurance@gmail.com mentioning exact premium you need to pay. Please transfer this amount to IIMCAA Bank Account via NEFT ONLY.

1E: Where to Pay: Please do NEFT to IIMCAA Account as per details below: Name of Beneficiary: IIMC Alumni Association

Account Number: 520101008472935

Bank Name: Union Bank of India

Branch Name: Green Park Branch

Address of the Bank: S-24, Green Park Ext., New Delhi – 110016

MICR No.: 110026168

IFSC Code of Bank: UBIN0801623

Account Type: Savings Account

1F: What after Payment: After making the payment, please send below details on

Email back to iimcaainsurance@gmail.com mentioning below details with subject of Email as: “PAID

IIMCAA Member Campus + IIMC Pass Out Year:

NEFT payment reference no. + Your bank name + Your bank branch (do not share A/c no. or anything confidential) and A/c holder name:

Amount Transferred:

Date and Time of NEFT transaction:

1G. Registration Period: Registration for IIMCAA Health Insurance will begin on Nov 21, 2022 and will end on Dec 05, 2022.


We have got the quotation from TATA AIG basis the survey we had done in March 2022. 

After the closure of the scheme, we will go back to TATA AIG with the final list. Depending on the number and other demography of our final list, TATA AIG will arrive at final premium amount, which may be higher or lower than the one they have offered now, depending on extent of variation in demographics of the final list from the original list. If TATA AIG premium is lower than the collected money, it will be notified to all participating alumni and a refund or an additional policy such as accidental coverage etc may be issued to them by our agent. Similarly, if TATA AIG fixes a higher premium than what we have collected, we will come back to participating alumni and seek additional funds to meet the shortfall. Please remember, Insurance Company reserves the right to change any feature of the policy or deny the policy. 

At this stage, we can only request all IIMCAA Members to participate in this in large numbers so that we can further negotiate with Insurance Company for some added benefits.

IIMCAA is on its way to scripting History. Be on its right side.

Personal Accident Insurance  + Healthcare Top UP Plan

Due to smaller number of respondents during our survey, no insurance company has offered us personal accident plan or top up plan. For PA Plan, its premium is very low. For top up, the premium is a function of demography (number of members in the family and their age) of each case.

To help IIMCAA members take these plans, we have got our Insurance Agency recommended plans from HDFC Ergo as they are one of the best in the industry with one of the best claim settlement ratios. Plus, our agency will handhold you during the process of taking insurance and during claim settlement also, should the need arise.

Recommended Super Top Up Product from HDFC Ergo


We recommend that you take Super Top Up of around Rs. 20 lakhs with Rs. 5 lakhs deductibles. Meaning, Super Top Up will trigger only when your medical bill crosses Rs. 5 lakhs.

Features of HDFC ERGO Super Top Up:

  • Private AC room allowed (no cap)
  • HDFC ERGO has the most networked hospitals across the country – cashless facility
  • In house TPA – no brokers/ intermediate agencies
  • Lifelong renewal
  • No Claims Experience Loading on Renewal
  • 30 days Pre and 60 days Post hospitalization covered

Recommended Personal Accident Plan from HDFC Ergo: https://www.hdfcergo.com/documents/crosslink/personal-accident-insurance-policy-wording.pdf Features of HDFC ERGO PA:

  • Low premium
  • Covers permanent disablement – depending on extent and organ
  • In-hospital medical expenses – accident only
  • Covers burn
  • Hostage release fees

Cashback on all plans other than IIMCAA Group Healthcare Insurance: Our agency has agreed to give a cashback of 5% of insurance premium excluding GST on all products that you may purchase from them. This will be returned to you via a mode you suggest to them after 30 days of issuance of policy. For Car insurance 5% cash back will be excluding GST and Third- Party Insurance.

Insurance Agency is an external party and not related with IIMCAA. It is the same agency that has got us the IIMCAA Group Health Insurance Plan. Because of statutory guidelines, they will not mention cash back in writing to any individual. They will facilitate and guide you in case your face any problems during claims and hospitalizations.

For products other than IIMCAA Group Healthcare Plan, you need to email to iimcaainsurance@gmail.com or WhatsApp to 7044419813 as under:

  • For Top up to with deductiblesTOPUP with DOB (dd/mm/yyyy) of all members
  • For Personal AccidentPA with DOB (dd/mm/yyyy) of adult members
  • For Car Insurance: CAR
  • For other Insurances like Home, Cyber, Investment Plans etc.: OTHERS


For all products other than IIMCAA Group Healthcare Plan, the payment will be made by you directly to the concerned Insurance Company and you will be dealing with the insurance company directly. The Agency will of course handhold you through the process. This is just an advisory from IIMCAA and IIMCAA is not involved in its pricing or anything else.

Thank You

– IIMCAA Insurance Committee

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