Care Health Insurance vs Bajaj Allianz Health Insurance

Have you been postponing buying health insurance thinking you’re probably too young to get it? If yes, then you might want to reconsider your decision. Most health insurance companies advise it is best to get insurance at an early age as the cost of policies is low and the coverage offered is high. Moreover, as you age, the chance of you getting health insurance becomes less because the insurer’s liability increases. Allow this comparison guide of Care Health Insurance and Bajaj Allianz Health Insurance to change your mind. 

Care Health Insurance vs Bajaj Allianz Health Insurance – Overview 

Parameter Care Health InsuranceBajaj Allianz Health Insurance
No. of health insurance policies14+15+
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support
Branches1000+200+
Claim settlement ratio92.3%95.01%
Cashless claim settlement time Within 2 hoursWithin 1 hour
Hospital network7,800+6,500+

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

Health Insurance Policies: Care Health Insurance vs Bajaj Allianz Health Insurance

Care Health Insurance and Bajaj Allianz Health Insurance both offer over 15 health insurance policies. Getting an insurance policy from either of the two insurers will ensure your claim is settled within a maximum of 2 hours. You will also get instant assistance at any of the hospitals from the vast networks of facilities associated with them. 

Family Floater Policy: 

Care Health Insurance offers: 

  • Care 
  • Care Advantage

These policies provide: 

  • Sum insured (SI) amount options up to Rs. 6,00,00,000
  • Coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses
  • Domiciliary hospitalization
  • Daycare procedures/ treatments
  • Organ donor expenses
  • Advanced treatments 
  • Ambulance charges 
  • Health check-up
  • Second medical opinion
  • Add-on covers for: 
  • Diagnostic tests 
  • Global coverage 
  • COVID-19 treatment 
  • OPD consultations 
  • Unlimited e-consultation 
  • Daily hospital cash allowances 
  • Automatic restoration of the SI on exhaustion once per policy year 

Bajaj Allianz offers: 

  • Health Guard 
  • Health Infinity 

These policies provide: 

  • Coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses
  • Domiciliary hospitalization
  • Daycare procedures/ treatments
  • Organ donor expenses
  • Advanced treatments 
  • Maternity and newborn baby needs 
  • Non-allopathic treatments 
  • Bariatric surgery 
  • Ambulance charges 
  • Daily hospital cash allowances

Personal Accident Policy: 

Care Health Insurance’s Personal Accident Policy provides: 

  • SI amount options up to Rs. 50,00,000
  • 100% of the SI for accidental death 
  • 50%-100% of the SI for permanent total disability
  • 100% of the SI in case the insured has disappeared due to an accident for more than 1 year 
  • Up to 100% of the SI for permanent partial disability 
  • Up to Rs. 20,000 per week for temporary total disability
  • Up to Rs. 2,00,000 SI for fractures, broken bones, and burns 
  • Coverage for: 
  • Reconstructive surgery
  • Child education expenses
  • Mobility expenses
  • Major agnostic tests 
  • Accidental hospitalization expenses
  • Repatriation of mortal remains

Bajaj Allianz offers two Personal Accident Policies: 

  • Personal Accident Policy
  • Global Personal Guard

These policies provide: 

  • SI amount options up to Rs. 25,00,00,000
  • 100%-125% of the SI for accidental death and permanent total disability 
  • Up to 75% of the SI for permanent partial disability
  • Rs. 5,000 per week for temporary total disability 
  • Up to Rs. 5,000 for the education expenses of each dependent child of the insured 
  • Up to Rs. 5,00,000 towards in-patient hospitalization 
  • Daily hospital cash allowances up to Rs. 1,000 for 30 days 
  • Up to Rs. 5,000 for funeral expenses 
  • 12 optional covers for: 
  • Death/injury due to engaging in adventure sports 
  • Loss of income due to injury caused by an accident 
  • EMI and loan payment, and more 

Corona Kavach Policy: 

After the IRDAI’s directive making it mandatory for insurers across India to provide COVID-19 coverage in their health insurance policies, all insurance providers now offer the Corona Kavach Policy. The policy is standard and affordable and offers similar benefits across insurers, including Care Health Insurance and Bajaj Allianz Health Insurance. The benefits include: 

  • SI amount options up to Rs. 5,00,000
  • Coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses
  • Domiciliary hospitalization
  • Non-allopathic treatments
  • Comorbidity treatment 
  • Ambulance charges