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PRI ECO GEN NAT .MUMBAI DCM28 Tata AIA Life Insurance Tata AIA Life associates with Medix to offer specialized ‘Critical disease’ services related to its consumers Driven by the core value of ‘Consumer Obsession’, the initiative supports Tata AIA’s commitment to support its consumers. 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 world-class company in medical management solutions with a team of 300 internal physicians, and a globally certified network of more than 4,500 people worldwide. 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, Ms. 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 objective advice, and supporting our customers. , leading to improved access and implementation of high-quality medical care. An exciting new chapter in our mission to bridge the gap between patients and the healthcare system has been opened by our association with TATA AIA India in personalized medical case management services. Association with TATA AIA makes a real difference; It represents a shared commitment and vision to reduce variation in uninsured healthcare across the region, improve medical outcomes, and most importantly, improve the overall care experience.” About Tata AIA Life 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 largest independent Asian life insurance group in the world 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 around the world, through long-term stakeholder value creation based on trusted leadership’. Tata Sons is the principal investment holding company and promoter of Tata Corporation. Sixty-six percent of the equity capital of Tata Sons is a philanthropic company that supports education, health, manufacturing 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 has 18 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 a 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 savings and long-term protection needs of individuals by offering a variety of products and services including life, 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 created to direct the full potential of leading science, expertise, treatment, 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 offers span: Medical prevention: tools to reduce risks and move forward in health challenges, from digital HRAs self-triage to individual screening plans to early diagnosis, detection and risk management. Case management: continuous and multidisciplinary response to serious and complex medical conditions, from muscle, cancer, heart, problems related to Covid and others to comprehensive consultation and treatment guidance. Rehabilitation: Individualized assessment of rehabilitation needs and support on the road to recovery, from multidisciplinary counseling to individualized 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 is brought to you under the auspices of PRNewswire and
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