Apollo Munich Health Insurance vs Bharti AXA Health Insurance

Health insurance keeps you and your loved ones financially covered in times of medical crises. Knowing your medical expenses are taken care of allows you to rest stress-free and recover. However, the extent of financial protection you get depends on the type of insurance policy you choose. To help you make an informed choice, here is a comparison guide. 

Apollo Munich Health Insurance vs Bharti AXA Health Insurance– Overview 

Parameter Apollo Munich Health Insurance Bharti AXA Health Insurance
No. of health insurance policies 10+ 5
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer service Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support
Branches 100+ 152+
Claim settlement ratio 92% 98%
Cashless claim settlement time Within 20 minutes  Within 6 hours
Network Hospitals  10,000+ 4,500+

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

Health Insurance Policies: Apollo Munich Health Insurance vs Bharti AXA Health Insurance

Apollo Munich Health Insurance, now known as HDFC Ergo Health Insurance, is a joint venture between HDFC Ltd. and the Munich Re Group. The company has received several prominent awards in the insurance sector for its performance, including the ‘Best Insurance Company’ award at the World HRD Congress and the ICAI award for excellence in financial reporting. 

Bharti AXA Health Insurance is a joint venture between Bharti Enterprises and the AXA Group. It has a global customer base of around 105 million. Since its establishment in 2008, it has settled over 19,00,000 claims and has won several accolades over the years. 

Individual and Family Floater Family: 

Apollo Munich has 7 individual and family-centric policies: 

  • MyHealth Suraksha Silver Smart 
  • MyHealth Suraksha Gold Smart 
  • MyHealth Suraksha Platinum Smart
  • MyHealthMedisure Super Top-up 
  • Optima Restore Individual Plan
  • Optima Restore Family Plan
  • Women Critical Illness Comprehensive Plan

These policies provide: 

  • Varied sum insured (SI) options with the maximum amount going up to Rs.75,00,000
  • Reimbursement for in-patient, pre and post-hospital care
  • Inclusion of domiciliary care, alternate (AYUSH) treatment expenses, organ donor expenses
  • Cover for 586 daycare procedures and mental healthcare  
  • Payouts against air and road ambulance expenses 
  • Lumpsum payouts towards recovery benefits 
  • Coverage for all stages of cancer, cardiac ailments, 41 critical illnesses, major and minor illnesses, maternity and newborn baby needs and other surgical procedures in the Women Critical Illness Comprehensive Plan
  • Worldwide coverage and options to pay the premium in installments

Bharti AXA has 3 individual and family-centric policies: 

  • Smart Super Health Insurance Policy
  • Smart Health Assure
  • Smart Super Top-up Insurance

These plans provide: 

  • Varied SI options up to Rs.1,00,00,000
  • Coverage for 
    • In-patient, pre and post-hospital care
    • Domiciliary care
    • AYUSH treatment expenses
    • daycare procedures
    • Critical ailments 
    • Organ donor expenses
    • Vaccination expenses arising from animal bites
    • Dental treatments required due to accidents 
    • Maternity and newborn baby needs
  • Reimbursement for air and road ambulance expenses 

Arogya Sanjeevani Policy: 

An Arogya Sanjeevani Policy is a one-size-fits-all health insurance policy offered by all insurers across India. Apollo Munich Health Insurance and Bharti AXA Health Insurance companies’ Arogya Sanjeevani Policies share similar features and offer: 

  • SI amounts up to Rs.5,00,000
  • Coverage for in-patient, pre and post-hospital care
  • Inclusion of domiciliary care and alternate (AYUSH) treatment expenses 
  • 25% SI for cataract treatment 
  • 50% SI for modern treatments and daycare procedures 
  • Reimbursement for dental treatment and plastic surgery caused due to disease or injury
  • Payouts for road ambulance expenses 

Corona Kavach Policy: 

The Corona Kavach Policy is also a standard health insurance policy offered by all insurers across India to battle the spread of COVID-19. Corona Kavach Policies from Apollo Munich Health Insurance and Bharti AXA Health Insurance offer: 

  • SI amounts from Rs.50,000 to Rs.5,00,000
  • Coverage for in-patient, pre and post-hospital care 
  • Inclusion of alternate (AYUSH) treatment and domiciliary care 
  • Reimbursements for treatments of any related comorbidities 
  • Optional daily hospital cash allowance 

The coverage offers both cashless claim settlements and indemnity. 

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