Bajaj Allianz Health Insurance vs Future Generali Health Insurance

Investing in the safety of your health is one of the best investments you can make. Health insurance is one such crucial investment. It takes care of ever-increasing medical costs when a health crisis arises, letting you focus on recovering. All you need to do is find a policy that matches your health needs and budget. You can start your search by comparing the features of health plans from insurers like Bajaj Allianz Health Insurance and Future Generali Health Insurance. They offer value-for-money and all-inclusive insurance policies. 

Bajaj Allianz Health Insurance vs Future Generali Health Insurance – Overview 

ParameterBajaj Allianz Health InsuranceFuture Generali Health Insurance
No. of health insurance policies15+13
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer supportPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistance
Branches200+125+
Claim settlement ratio (CSR)95.01%95.28%
Cashless claim settlement timeWithin 60 minutesWithin 90 minutes
Hospital network6,500+6,000+ 

*Source: The Annual Report ofthe Insurance Regulatory and Development Authority of India (IRDAI) –years 2019-2020.

Health Insurance Policies: Bajaj Allianz Health Insurance vs Future Generali Health Insurance

Bajaj Allianz Health Insurance offers a range of insurance products. It is the first insurer to introduce innovative covers like pet dog insurance and cyber insurance. For its health insurance plans it has tie-ups with over 6,500 renowned hospitals and has one of the fastest claim settlement turnaround times.

Future Generali Health Insurance offers a range of insurance products such as car insurance, travel insurance and health insurance, among other products. The company has a proven record of high customer satisfaction. It has over 4,50,00,000 customers and settles more than 2,10,000 claims every year. It also has tie-ups with over 6000 hospitals across India.

Vector-borne Insurance Policy: 

Bajaj Allianz’s ‘M Care Insurance Policy’ provides: 

  • Protection against 7 vector-borne diseases including malaria, dengue fever, and chikungunya 
  • Multiple sum-insured (SI) options from Rs. 10,000 to Rs. 75,000
  • Lump-sum payouts on the diagnosis of a vector-borne disease 
  • 20% discount on premium on purchasing the policy from the insurer’s website 
  • The option to buy the policy on an individual or family floater basis 

Future Generali has ‘Future Vector Care’ that provides: 

  • Protection against 7 vector-borne diseases such as malaria, dengue fever, chikungunya, and other such ailments.
  • Multiple SI options ranging from Rs. 10,000 to Rs. 75,000
  • Payment of the entire SI on the diagnosis of a vector-borne disease
  • Waiver of pre-policy medical tests for all ages 

Senior Citizen Insurance Policy:

Bajaj Allianz’s ‘Silver Health’ policy offers: 

  • Multiple SI options between Rs. 50,000 and Rs. 5,00,000
  • Reimbursement for pre and post-hospital care expenses
  • Coverage for 25 pre-existing diseases ( with payouts of up to 50% SI) including cataract, hernia, benign prostate, etc. after completion of a 1-year waiting period 
  • Payouts up to Rs. 1,000 per claim for ambulance costs 
  • Inclusion of 130 daycare procedures 
  • Free pre-policy health check-up

Future Generali’s Future Varishta Bima Policy provides: 

  • Multiple SI options starting from Rs. 2,00,000 and extending up to Rs.10,00,000
  • Coverage for in-patient, pre and post-hospital care 
  • Inclusion of daycare procedures and road ambulance services 
  • Reimbursement of 50% charges incurred for pre-policy medical test 
  • Free annual health check-ups 

Corona Kavach Policy:

The Corona Kavach Policy is a standard health insurance policy all insurers across India offer as per the IRDAI’s mandate. This health plan provides affordable health insurance against the COVID-19 disease. 

Bajaj Allianz Health Insurance and Future Generali Health Insurance both offer the Corona Kavach Policy with the following features: 

  • Multiple SI options between Rs. 50,000 and Rs. 5,00,000
  • Cover for in-patient hospitalization, and pre and post-hospitalization treatments
  • Coverage for alternate (AYUSH) treatments and home care treatment expenses 
  • A daily hospital cash allowance (up to 0.5% of the SI) 
  • No requirement of pre-policy medical test 

Bajaj Allianz also settles the expenses incurred towards the purchase of PPE kits, gloves and oxygen.