Bajaj Allianz Health Insurance vs New India Assurance Health Insurance

Staying prepared to tackle a rainy day is life lesson everyone has to learn. A health scare is one such rainy day you might have to face at some point. The most important backup necessary to tackle a health issue is health insurance. It provides financial protection against the medical expenses incurred, keeping your savings secure. Here’s a comparison between the health insurance policies from Bajaj Allianz Health Insurance and New India Assurance Health Insurance. It can help you locate the rainy-day cover you need.

Bajaj Allianz Health Insurance vs New India Assurance Health Insurance– Overview 

Parameter Bajaj Allianz Health Insurance New India Assurance Health Insurance
No. of health insurance policies 15+ 10+
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer service  Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer help
Branches 200+ 1000+
Claim settlement ratio (CSR) 95.01% 95.92%
Hospital network 6,500+ 1,500+

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

Health Insurance Policies: Bajaj Allianz Health Insurance vs New India Assurance Health Insurance

In operation since 2001, Bajaj Allianz General Insurance is one of the largest insurers in the world. It offers a wide range of insurance policies. When it comes to health insurance, its products are innovative, providing a large assortment of benefits. 

Since 1919, the New India Assurance Co. Ltd. has been operating on a national and global scale. With a century-long experience, the company is one of the leading insurers in India. Among the array of insurance options of offers the health insurance products are outstanding. 

Senior Citizen Policy: 

Bajaj Allianz offers Silver Health – a Senior Citizen Policy that provides: 

  • Sum insured (SI) amounts up to Rs.5,00,000
  • Reimbursement for pre and post hospitalization expenses 
  • Coverage for 25 pre-existing diseases such as: 
  • Cataract
  • Alzheimer’s disease
  • Endometriosis 
  • Parkinson’s disease
  • Hysterectomy, etc. 
  • A short 1-year waiting period for pre-existing disease coverage
  • Settlement of ambulance costs up to Rs. 1,000 per hospitalization 
  • Free health check-ups

New India Assurance’s Senior Citizen Policy offers: 

  • SI amounts up to Rs. 1,50,000
  • Coverage for up to 20 senior-citizen specific illnesses such as: 
  • Angiography 
  • Cataract
  • Prostate
  • Hernia 
  • Mastectomy, etc. 
  • Reimbursement of pre, post and in-patient hospitalization expenses 
  • 25% SI for AYUSH treatments
  • Payouts for ambulance costs up to Rs. 1,000 per hospitalization 
  • Cover for hospitalization expenses towards organ donor transplantation 

Individual Insurance Policy: 

The benefits of Bajaj Allianz’s Individual Insurance Policy include: 

  • Multiple SI options up to Rs. 1,00,00,000
  • Coverage for pre and post hospitalization expenses
  • Reimbursement for expenses up to Rs. 20,000 towards Ayurvedic and homeopathic treatments
  • Settlement of expenses for daycare procedures and organ donor transplantation
  • Covers for bariatric surgery, and maternity and newborn baby needs
  • Payouts for road ambulance costs
  • Daily hospital cash allowances
  • A convalescence benefit of up to Rs. 7,500 in case of continuous hospitalization beyond ten days 

New India Assurance’s Individual Insurance Policy offers: 

  • SI amounts up to Rs. 15,00,000
  • 25% SI for AYUSH treatment
  • 20% SI towards cataract surgery 
  • Coverage for organ donor transplant and 139 daycare procedures 
  • A maternity and newborn baby cover 
  • Settlement of ambulance costs
  • Daily hospital cash benefits
  • Cover for pre-existing diseases after completion of a 2-year waiting period  

Moreover, you can avail all insurance policies offered by Bajaj Allianz Health Insurance and New India Assurance Health Insuranceon an individual basis.

Arogya Sanjeevani Policy: 

All insurers in India offer the Arogya Sanjeevani Policy as it is a standard health insurance policy. The policy is part of the IRDAI’s program to make health insurance affordable to all sections of the Indian society. 

Bajaj Allianz Health Insurance and New India Assurance Health Insurance Companies’ Arogya Sanjeevani Policies share the same features, such as: 

  • SI amounts up to Rs.5,00,000
  • A cover for in-patient, pre and post-hospitalization charges 
  • Up to 50% SI towards daycare procedures 
  • Up to 25% SI towards cataract treatment 
  • Inclusion of AYUSH treatment expenses
  • Reimbursement for ambulance costs
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