Apollo Munich Health Insurance vs New India Assurance Health Insurance

Don’t know which health insurance company to buy health insurance from? Fret not and follow this 3 step rule – Click, Check, and Compare. First, click on the health insurer in your mind. Second, check its credentials by looking at parameters such as its claim settlement ratio, turnaround time, and brand value. Third, compare that insurer with another insurer of your choice – to see which one matches your needs better. Here is a comparison of Apollo Munich Health Insurance and New India Assurance Health Insurance to get you started. 

Apollo Munich Health Insurance vs New India Assurance Health Insurance – Overview 

ParameterApollo Munich Health InsuranceNew India Assurance Health Insurance
No. of health insurance policies 10+10+
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer servicePolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer help
Branches200+1000+
Claim settlement ratio (CSR)92%95.92%
Network Hospitals 10,000+1,500+

*Source: Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) – 2019-20.

Health Insurance Policies: Apollo Munich Health Insurance vs New India Assurance Health Insurance

Both Apollo Munich Health Insurance and New India Assurance Health Insurance offer over 10 health insurance policies. These policies cover the needs of individuals, families, senior citizens and corporate groups. 

Cancer Care Policy: 

Apollo Munich offers a Cancer Insurance Policy called ‘iCan’ that gives: 

  • Sum insured (SI) amounts up to Rs. 50,00,000
  • Coverage for: 
  • All stages of cancer
  • Standard and advanced cancer treatments such as: 
  1. Chemotherapy 
  2. Immunotherapy
  3. Proton beam therapy 
  4. Stem cell transplantation 
  • Pre and post-hospitalization expenses
  • Follow-up care for 60 days post-hospitalization 
  • A second medical opinion 
  • Extra SI of 60% over and above the base SI on the diagnosis of cancer

New India Assurance offers a Cancer Guard Policy that gives:  

  • SI amounts up to Rs. 50,00,000
  • Coverage for:
  • Standard and advanced treatments such as:
  1. Chemotherapy
  2. Radiotherapy
  3. Immunotherapy
  4. Stem cell transplantation
  • 58 additional daycare surgical procedures
  • Reconstruction of the affected body part(s) post a cancer surgery
  • Post-hospitalization follow-up care
  • A second medical opinion
  • An extra benefit of 50% of the SI over and above the base SI 

Critical Illness Policy: 

Apollo Munich’s Critical Illness Policy offers:  

  • SI amounts up to Rs. 10,00,000
  • 100% of the SI on the diagnosis of a listed critical illness 
  • Coverage for up to 15 critical illnesses including:
  • Cancer 
  • Heart attack 
  • Kidney failure 
  • Multiple sclerosis
  • Alzheimer’s disease 

New India Assurance covers critical illnesses under its Premier Mediclaim Policy that provides: 

  • SI amounts up to Rs. 1,00,00,000
  • 100% of the SI on the diagnosis of a listed critical illness 
  • Coverage for 11 critical illnesses including: 
  • Cancer
  • Stroke
  • Kidney failure
  • Permanent paralysis
  • Motor neuron disease
  • An extra payout up to Rs. 5,00,000 upon the diagnosis of a listed critical illness

Personal Accident Policy: 

Apollo Munich’s Personal Accident Policy provides:

  • 100% of the SI on accidental death
  • 100% of the SI on permanent total disablement 
  • Up to 100% of the SI on permanent partial disablement 
  • Up to 100% of the SI for broken bones, fractures and major burns 
  • Weekly cash benefits for temporary total disablement 
  • Benefits such as: 
  • A hospital surgery benefit for in-patient hospitalization expenses
  • A child education benefit for the insured’s dependent children
  • A counseling benefit for the insured’s immediate family 
  • A parental care benefit for the insured’s dependent parents 
  • A reconstructive surgery benefit 

New India Assurance’s Personal Accident Policy offers: 

  • 100% of the SI for accidental death
  • 100% of the SI for permanent total disablement 
  • Up to 50% of the SI for permanent partial disablement 
  • Weekly cash benefits for temporary total disablement 
  • Compensation towards the education expenses of the insured’s dependent children 
  • Coverage for in-patient hospitalization expenses on the payment of additional premium
  • Up to Rs 2,500 for transportation expenses