Tata AIG Life Insurance Company has announced the launch of Tata AIG HealthFirst, a unique health insurance plan with life cover that provides a complete cover for prolonged hospitalisation, including a major surgery or a critical illness. One of the unique features of this policy is that a lump-sum allowance is paid irrespective of the actual medical or hospitalisation expenses. The other innovative feature of this policy is that it is renewable till age 65 without any further medical examination with premiums increasing only once every five years.