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• Driven by the core value of ‘Consumer Obsession’, the initiative highlights Tata AIA’s commitment to supporting consumers through their life journey.
• It furthers Tata AIA’s commitment to being a ‘Partner’ to consumers offering them innovative solutions that go beyond the ‘Payor’ approach to transactions.
MUMBAI, India , Nov. 29, 2022 /PRNewswire/ — Tata AIA Life Insurance (Tata AIA), one of India’s fastest growing life insurance companies, has tied up with Medix, a global company in team-based medical management solutions. of 300 in-house physicians, and a globally accredited network of more than 4,500 world-leading and independent medical professionals. The engagement will give TATA AIA consumers access to a network of local and global medical professionals to manage their medical journeys related to critical illness. This service is available to policyholders who have purchased eligible term life insurance products, savings, and retirement plans, a list of which the insurer will publish on its website from time to time.
This alliance will offer personalized medical care management (PMCM) facilities in India, bringing world-class medical advice, to consumers. This will include re-evaluating the medical case, its diagnosis and tailoring the appropriate treatment plan with quality care including referral to leading local specialists and care coordination. Through this service, Tata AIA consumers can track, manage, communicate with a dedicated medical team, and receive updates on their medical journey, ensuring continuous quality of care. This will reduce the stress and uncertainty that patients and their families have when dealing with serious medical problems. After that, Medix will continue to support them and collaborate with their treating doctor regarding ongoing treatment, side effects, complications, and questions.
A study by Harvard University indicates that 5.2 million medical errors occur every year in India. Cancer (38%), vascular events (29%) and infectious diseases (13%) account for 80% of these errors. Given the opportunity to receive Medix’s personalized medical case management services, Tata AIA consumers will benefit greatly from medical advice from globally renowned medical professionals.
Commenting on the tie-up, Naveen Tahilyani, MD & CEO of Tata AIA, said, “Family Health is a conversation. Important money in the current situation. and longer by partnering with them on their health and wellness journey. Through the association with Medix, we aim to enhance our value proposition. “
Commenting on the partnership, Mrs. Sigal Atzmon, President and CEO of Medix, said, “At Medix, we have pioneered and advanced virtual care, always combining digital solutions with human interaction and providing purposeful advice, and supporting our customers. , resulting in improved access to and implementation of high quality medical care. An exciting new chapter in our mission to significantly close the gap between patients and the healthcare system has been opened by our association with TATA AIA India in the provision of personalized medical case management services. The association with TATA AIA makes a real difference; it represents a shared commitment and vision to improve the overall health care experience, reduce the most important changes, and improve the overall health care experience.”
About Tata AIA Life
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, established by Tata Sons Pvt. Ltd and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s prestigious leadership position in India and AIA’s presence as the world’s largest independent Asian life insurance group covering 18 markets in the Asia Pacific region.
About the Tata Group
Founded by Jamsetji Tata in 1868, the Tata Group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals. The group operates in more than 100 countries across six continents, with a mission ‘to improve the quality of life of the communities we serve worldwide, through long-term stakeholder value creation based on trusted leadership’.
Tata Sons is the main investment holding company and promoter of Tata Corporation. Sixty-six percent of the share capital of Tata Sons is held by the company’s philanthropy, which supports education, health, livelihoods and arts and culture. In 2021-22, Tata’s revenue, combined, is $128 billion (INR 9.6 trillion). These companies employ more than 935,000 people.
Each Tata company or enterprise operates independently under the guidance and direction of its own board of directors. There are 29 publicly listed Tata companies with a combined market capitalization of $311 billion (INR 23.6 trillion) as of March 31, 2022. Tata companies include Tata Consulting Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Indian Hotels, Tata Communications, Tata Digital, and Tata Electronics.
About AIA
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent life insurance group in Asia. It is present in 18 markets – branches and wholly owned subsidiaries in mainland China, Hong Kong SAR (1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, Philippines, South Korea, Sri Lanka. , Taiwan (China), Vietnam, Brunei and Macau SAR(2), and 49 percent joint venture in India.
The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is the market leader in Asia (formerly Japan) based on life insurance premiums and holds leading positions across most markets. It has total assets of US$340 billion as of December 31, 2021.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and retirement services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves more than 39 million individual policyholders and more than 16 million members of group insurance programs.
AIA Group Limited is listed on the Main Board of the Stock Exchange of Hong Kong Limited under stock code “1299” with American Depositary Receipts (Level 1) traded in the over-the-counter market (ticker symbol: “AAGIY”).
About Medix
Medix is a medical management company that builds an engineering foundation to direct the full potential of leading science, expertise, treatments, and technology to people’s most important health needs.
Since 2006, Medix has changed the course of health for millions of customers by providing a medical response that has no borders, personalized and data driven. We empower health and life insurers, employers, financial groups, retailers, distributors and government institutions to transcend traditional care models, moving beyond transactional care to deliver better health, human and financial outcomes.
Medix’s response is tailored by the world’s leading medical team and proprietary AI and data analytics: combining the best digital tools with real human presence and operations on the ground for lifelong health needs. Medix Offer Period:
• Medical Prevention: Tools to reduce risk and get ahead of health challenges, from digital HRAs to self-triage to personalized screening plans to diagnosis, detection and risk management.
• Case Management: Continuous and multidisciplinary response to acute and complex medical conditions, from musculoskeletal, cancer, heart, covid-related problems – and more – to holistic consultation and treatment direction.
• Rehabilitation: Individual assessment of rehabilitation needs and support on the road to recovery, from multidisciplinary counseling to individual rehabilitation management services.
• Mental Health: Navigating the complex world of mental health, from diagnosis to treatment to long-term management.
Medix services can be found worldwide, active in more than 90 countries, with bases located in Mumbai, New York, London, Munich, Tel Aviv, Singapore, Jakarta, Kuala Lumpur, Bangkok, Melbourne and Hong Kong. As a company with shared values, Medix drives social and economic growth in the communities we serve while delivering proven medical and humane outcomes.
www.medix-global.com
(Disclaimer: The above press release comes to you under the auspices of PRNewswire and PTI has no editorial responsibility for the same.). PTI PWR
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