Aditya Birla Health Insurance vs Raheja QBE Health Insurance

With the rising incidence of lifestyle diseases that need long-term treatments, and escalating healthcare costs, it is vital to buy a health insurance policy. It can lessen the financial burden of medical expenses when the need for such treatments arises. Health insurance plans offered by leading insurance companies like Aditya Birla Health Insurance and Raheja QBE Health Insurance provide extensive financial protection. Here’s a comparison guide on the different policies offered by the two insurers. 

Aditya Birla Health Insurance vs Raheja QBE Health Insurance – Overview 

ParameterAditya Birla Health Insurance Raheja QBE Health Insurance
No. of health insurance policies10+14
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer supportPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer help
Branches65012+
Claim settlement ratio (CSR)93.68%83%
Hospital network7,000+5,000+

*Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) – years 2018-19 

Health Insurance Policies: Aditya Birla Health Insurance vs Raheja QBE Health Insurance

Aditya Birla Health Insurance was founded in 2015. It is part of the reputed Aditya Birla Group and ranks among the top financial companies mentioned in the Fortune 500 list due to its consistent performance. The company has maintained a high claim settlement ratio for the past 5 years, indicating efficient claim disbursal. It offers over 10 health insurance policies. 

Raheja QBE Health Insurance is a joint venture between the Rajan Raheja Group and Australian-based QBE Insurance Group Ltd.  The BFSI industry honoured its current CEO, Mr. Pankaj Arora with the Young Achievers Award in 2015. The company offers 14 health insurance policies. 

Refer to this comparison of three of popular health plans from these companies to find the one matching your needs.

Family Floater Policy: 

Aditya Birla offers 3 family floater policies: 

  • Activ Health Essential 
  • Activ Health Platinum 
  • Active Assure Diamond Plan 

These policies provide sum insured (SI) amounts up to Rs. 2,00,00,000. Coverage extends to: 

  • In-patient, pre and post-hospital care 
  • Domiciliary/ home care, 586 daycare procedures, organ donor expenses 
  • Non-allopathic (AYUSH) treatment
  • Air and road ambulance charges 
  • Medicines, diagnostic tests, and consultations for chronic illnesses such as diabetes, hypertension, asthma, etc. without any waiting period
  • Vaccination costs for children up to 18 years of age

The plan also offers:

  • Daily hospital cash benefits, recovery benefits, and second e-opinion for critical ailments
  • Wellness coach service and a management program for chronic diseases

Raheja QBE offers 2 family floater policies:

  • Health QuBE
  • Health QuBE Super Top Up

These policies provide:

  • SI amounts up to Rs.1,00,00,000
  • Reimbursement of expenses towards pre, post and in-patient hospital care 
  • Cover for daycare procedures, domiciliary care, and dental treatment arising due to a disease/ injury
  • Inclusion of non-allopathic (AYUSH) treatments, organ donor expenses, and ambulance charges 
  • Daily hospital cash allowance, coverage for medical check-ups and waiver of pre-policy medical test up to the age of 55 years

Individual Personal Accident Policy: 

Aditya Birla’s Individual Personal Accident Policy – ‘Activ Secure’ provides: 

  • Payouts on accidental death and permanent disability 
  • Weekly income for a pre-specified duration on temporary total disability
  • Coverage for the education of a dependent child 
  • 10% SI paid out to the surviving child in case of parents’ accidental death 
  • Covers for emergency road ambulance charges and funeral expenses 
  • Add-on financial benefits for broken bones, coma, burns

Raheja QBE’s Individual Personal Accident Policy provides: 

  • Payouts on accidental death and permanent total disability 
  • Compensation for permanent partial disability and temporary total disability
  • Supplemental income in case of policyholder’s loss of employment due to a permanent total disability
  • Cover for ambulance charges, funeral expenses, transportation expenses 

Corona Kavach Policy: 

The Corona Kavach Policy is a standard and affordable health insurance policy providing coverage for COVID-19. Both Aditya Birla Health Insurance and Raheja QBE Health Insurance offer Corona Kavach policies that share similar features. These plans provide: 

  • SI amount options from Rs. 50,000 to Rs. 5,00,000
  • Cover for pre, post and in-hospital care, home care and non-allopathic treatment 
  • Daily hospital cash benefits 

Aditya Birla also offers: 

  • A cover for protective equipment like PPE kits, masks and gloves 
  • A waiver of pre-policy medical test to buy the policy

Awareness about the comparative features of the policies described here can help you make an informed purchase decision.