Care Health Insurance vs Reliance Health Insurance

So much of your time is spent in creating and multiplying your wealth, that little time is left for taking care of your health. But it is your good health that enables you to improve your financial strength. If you lose your health, you lose the ability to increase your financial resources. An early realization of this can propel you towards safeguarding your health with health insurance. It is a safety net that ensures you have enough monetary backup for adequate medical assistance during a health emergency. Here are the details of a few insurance policies offered by Care Health Insurance and Reliance Health Insurance to help you set off on your health insurance purchase journey.

Care Health Insurance vs Reliance Health Insurance – Overview 

Parameter Care Health InsuranceReliance Health Insurance
Number of health insurance plans14+11
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer service
Branches1000+130+
Claim settlement ratio (CSR)92.3%94%
Cashless claim settlement timeWithin 2 hoursWithin 2 days of intimation 
Network Hospitals 7,800+7,000+

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

Health Insurance Policies: Care Health Insurance vs Reliance Health Insurance

Care Health Insurance has two decades of experience in the insurance sector. The company offers a range of affordable health insurance policies customized to different needs. Till now, it has settled over 23,00,000 claims. 

Reliance Health Insurance is part of the prestigious Reliance Capital Group. The company started operating in 2017 and offers several health insurance policies. It has maintained consistent performance levels and acquired a 94% Claim Settlement Ratio in the 2019-2020 financial year. 

Family Floater Policy

Care Health Insurance offers ‘Care’ – a family floater insurance plan. The features of the plan include: 

  • Multiple sum insured (SI) options up to Rs. 6,00,00,000
  • Pre, post and in-patient hospitalization coverage
  • 10% SI for domiciliary hospitalization
  • Inclusion of daycare treatments
  • Payouts up to Rs. 5,00,000 towards organ donor expenses
  • No sub-limit on ICU charges
  • Reimbursement of ambulance costs up to Rs. 3,000 per hospitalization
  • Health check-up and second medical opinion

Reliance Health Insurance offers 3 family floater policies: 

  • Health Gain
  • Health Wise 
  • Health Infinity

The benefits of the policies include: 

  • Multiple SI options up to Rs. 1,00,00,000
  • Option to extend SI up to Rs. 30,00,000 over and above the base coverage 
  • No sub-limit on in-patient hospitalization expenses
  • Settlement of pre and post hospitalization expenses 
  • Coverage for daycare procedures,  domiciliary hospitalization, and organ donor transplant 
  • An Ayurveda, Yoga, Unani, Siddha and Homeopathy (AYUSH) treatment benefit 
  • Reimbursement for ambulance costs up to Rs. 1,500

Critical Illness Policy: 

Care Health Insurance’s Critical Illness Policy offers: 

  • SI amounts up to Rs. 2,00,00,000
  • Coverage for 32 critical ailments such as: 
  • Cancer
  • Kidney failure
  • Stroke 
  • Permanent paralysis
  • Pre, post and in-patient hospitalization expenses
  • Inclusion of daycare procedures and alternative (AYUSH) treatments
  • Settlement of expenses towards organ donor transplant, chemotherapy and radiotherapy
  • Payment towards ambulance costs up to Rs. 3,000 per hospitalization
  • OPD cover
  • Dialysis cover 
  • Payouts for 8 recovery counseling sessions

Reliance Health Insurance’s Critical Illness Policy offers:

  • SI up to Rs. 10,00,000
  • Coverage for 10 critical illnesses such as: 
  • Cancer
  • Multiple sclerosis 
  • Coma
  • End-stage renal disease
  • Full payout of SI on the diagnosis of the listed ailments 
  • A waiver of the pre-policy medical check-up up to 45 years of age

Corona Kavach Policy: 

Care Health Insurance’s Corona Kavach Policy offers: 

  • SI options up to Rs. 5,00,000
  • Pre, post and in-patient hospitalization coverage 
  • Inclusion of home care treatment and AYUSH treatment  
  • Daily hospital cash allowances 
  • Cover for comorbidities 

Reliance Health Insurance’s Corona Kavach Policy offers: 

  • SI options up to Rs. 5,00,000
  • Pre, post and in-patient hospitalization coverage 
  • Reimbursement for home care treatment and AYUSH treatment  
  • Daily hospital cash allowances 

Before buying an insurance policy, always read the terms and conditions carefully to avoid any complications during claim settlement. 

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