Aditya Birla Health Insurance vs IFFCO Tokio Health Insurance

Are you searching for a reliable health insurance policy? You should trust leading health insurance providers like Aditya Birla Health Insurance and IFFCO Tokio Health Insurance to find an airtight insurance policy for you and your loved ones. After all, you need a healthy policy that is a combination of adequate cover, priced economically and is from a reputed stable.

Aditya Birla Health Insurance versus IFFCO Tokio Health Insurance – Overview 

ParameterAditya Birla Health Insurance IFFCO Tokio Health Insurance
Number of health insurance plans10+13
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer supportPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support
Branches65020,000+
Claim settlement ratio (CSR)93.68%98.47%
Cashless claim settlement timeWithin 2 hoursWithin 24 hours
Hospital network7,000+5,000+

*Source: IRDAI Annual Report 2018-19 

Health Insurance Policies: Aditya Birla Health Insurance versus IFFCO Tokio Health Insurance

Aditya Birla Health Insurance, founded in 2015, is part of the Fortune 500 because of its consistent stellar performance. Its high CSR is proof of its commitment to customers and reliability in the health insurance sector. It offers over 10 health insurance policies. 

IFFCO Tokio Health Insurance, founded in 2000, has a nationwide presence in not just metropolitan cities, but tier-2, tier-3 and rural areas. The company is one of the first to establish rural-centric initiatives and policies; truly representing the spirit of the country. Recently, it won ‘Asia’s Top Most Influential Insurance Leaders Award’ (take a look at its high CSR). It offers 13 health insurance policies. 

Here is a 3-plan comparison guide of Aditya Birla Health Insurance and IFFCO Tokio Health Insurance for you to take your pick.  

Individual Health Insurance Policy: 

All of Aditya Birla’s Health Insurance Policies are available on an individual and family floater basis. Its best individual health insurance policies are Activ Health Platinum – Essential and Enhanced, and Activ Assure Diamond. They provide: 

  • A sum insured (SI) amount up to Rs.2,00,00,000 (2 crore)
  • Cover for in-patient hospital care, pre and post-hospital care, and alternate (AYUSH)# treatment  
  • Cover for domiciliary hospitalization, 500 day-care procedures, chronic diseases and organ donor expenses 
  • Health check-ups, health and wellness programs and health rewards 
  • A daily hospital cash allowance, cover for road ambulance expenses, and domestic and international emergency care services
  • Accidental and cancer hospitalization add-on cover 

# – AYUSH (Ayurveda, Yoga, Unani, Siddha, Homeopathy)

All IFFCO Tokio health insurance policies are available on an individual and family floater basis. However, it also offers two separate individual insurance policies – Individual Health Protector Policy and Individual Med shield Insurance. They provide: 

  • A sum insured (SI) amount of Rs.5,00,000 and above
  • Cover for in-patient hospital care, pre and post-hospital care
  • A waiver of pre-policy medical test for those aged up to 60 years
  • Cover for over 160 day-care procedures, AYUSH treatment, organ donor expenses, ambulance expenses
  • Cover for vaccination and health check-up expenses
  • Cover for critical illnesses and emergency assistance services 

Personal Accident Policy: 

Aditya Birla Personal Accident Policy, called Activ Secure provides: 

  • 100% lump-sum payment of SI on accidental death and permanent total disability 
  • Up to 100% payment of SI on permanent partial disability
  • A weekly benefit of up to Rs.50,000 per week for up to 100 weeks on temporary total disability
  • Lump-sum payment of 10% of SI for the education of a dependent child 
  • An orphan benefit up to 10% of SI in case of accidental death of parents
  • Add-on covers for broken bones, coma and burns
  • A modification benefit and a compassionate visit benefit

IFFCO Tokio Personal Accident Policy provides: 

  • 100% lump-sum payment of SI on accidental death and permanent total disability
  • A specific percentage of payment (assessed by the doctor in charge) on permanent partial disability 
  • A weekly benefit of up to Rs.25,000 per week for around 100 weeks on temporary total disability  
  • Lump-sum payment of 10% of SI for the education of one or more dependent children 
  • Cover for loss of employment, ambulance expenses and funeral expenses 

Corona Kavach Policy: 

The Corona Kavach Policy is a standard health insurance policy that provides coverage against COVID-19. Both Aditya Birla Health Insurance and IFFCO Tokio Health Insurance Corona Kavach Policy share similar features which include:  

  • A sum insured (SI) amount up to Rs.5,00,000
  • Cover for pre, post and in-hospital care
  • Cover for home treatment and AYUSH treatment expenses
  • A waiver of the pre-policy medical test before issuing the policy