Bajaj Allianz Health Insurance vs Raheja QBE Health Insurance

The only thing certain about life is uncertainty. While it is not possible to find out the future, what is possible is to prepare for the unpredictability. When it comes to physical health, you can take steps to both improve your fitness and create funds to get adequate treatment for unforeseen health problems. You can do this with health insurance – an insurance product providing the financial backing you need at such times. Here are some viable health insurance policies offered by Bajaj Allianz Health Insurance and Raheja QBE Health Insurance to help you choose a health plan suitable for your needs. 

Bajaj Allianz Health Insurance vs Raheja QBE Health Insurance – Overview 

Parameter Bajaj Allianz Health Insurance Raheja QBE Health Insurance
No. of health insurance policies 15+ 14
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customersupport Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer help
Branches 200+ 12+
Claim settlement ratio 95.01% 83%
Hospital network 6,500+ 5,000+

*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 Raheja QBE Health Insurance

Bajaj Allianz Health Insurance, a joint venture between Allianz SE and Bajaj Finserv Ltd., is in operation since 2001. In the two decades it has been active, it has earned trust and reputation in metropolitan and rural areas across India. It offers customized health insurance products to individuals with diverse needs. It offers over 15 health insurance policies that cover eventualities such as accidents, critical illnesses, COVID-19, among others. 

Raheja QBE Health Insurance, a joint venture between Australia’s QBE Insurance Group and India’s Rajan Raheja Group, has been providing health insurance since 2008. The company has a strong administrative board with leaders having outstanding expertise running its operations. It offers 14 health insurance policies that cover eventualities such as accidents, cancer, COVID-19, and more. 

Family Floater Policy: 

Bajaj Allianz offers two family-centric health plans:

  • Health Guard 
  • Health Infinity 

The benefits of Health Guard include: 

  • Multiple sums insured (SI) options up to Rs. 1,00,00,000
  • Cover for pre, post and in-patient hospital care expenses
  • Expenses towards daycare procedures and organ donor transplant 
  • Settlement of Ayurveda and homeopathic treatment costs 
  • Maternity and newborn baby cover
  • Bariatric surgery cover 
  • Reimbursement for road ambulance cover costs
  • Daily hospital cash benefits 

The features of Health Infinity are: 

  • No upper limit on the SI amount
  • Coverage for pre and post-hospital care expenses
  • Settlement of in-patient hospital care required due to an illness/accidental injury
  • Payouts for daycare procedures
  • Reimbursement for road ambulance costs 
  • Preventive health check-ups

Raheja QBE offers 2 family floater policies:

  • Health QuBE
  • Health QuBE Super Top Up

Both the policies provide:

  • SI amounts up to Rs. 1,00,00,000
  • Reimbursement of pre, post and in-patient hospital care expenses 
  • Expenses towards daycare procedures and organ donor transplant
  • Coverage for domiciliary hospitalization and AYUSH treatment  
  • Settlement of dental treatment expenses arising due to an illness/injury
  • Daily hospital cash allowance
  • Ambulance costs 

Daily Hospital Cash Policy: 

Bajaj Allianz’s Daily Hospital Cash Policy offers: 

  • A daily hospital cash benefit from Rs. 500 to Rs. 2,500 
  • Twice the benefit amount on admission in the Intensive Care Unit (ICU) 
  • A 5% discount in premiums on coverage of 2 or more family members 

Raheja QBE’s Daily Hospital Cash Policy offers:

  • Daily hospital cash benefits on hospitalization 
  • Twice the benefit amount on hospitalization in the ICU 
  • Ten times the benefit amount on hospitalization due to an accident (up to Rs. 10,000)
  • Five times the benefit amount on daycare procedures (up to Rs. 5,000)
  • Extension of hospital cash benefit for a maximum of 15 days 
  • Convalescence benefits up to Rs. 10,000

Corona Kavach Policy: 

The Corona Kavach Policy is a one-size-fits-all health insurance policy against COVID-19. Both Bajaj The Corona Kavach Policies from Allianz Health Insurance and Raheja QBE Health Insurance both provide: 

  • SI amounts between Rs. 50,000 – Rs. 5,00,000
  • Coverage for pre, post and in-hospital care expenses
  • Expenses towards domiciliary hospitalization and AYUSH treatment 
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