Cholamandalam Health Insurance vs Bharti AXA Health Insurance

The situation in India is very dire at the moment. With the second wave of the COVID-19 being stronger than ever, the cases are on a steep rise and the hospitals are overflowing with patients. If you haven’t taken how seriously a health crisis can affect an individual – and the nation as a whole – now would be a good time to do so and take all measures to safeguard your health. Apart from staying at home and following social distancing norms in case it is essential to go out, it is best to go all the way and get a health insurance policy to keep you covered in case the worst strikes. Take a look at how health insurance can help you during the COVID-19 pandemic with this comparative guide of Cholamandalam Health Insurance and Bharti AXA Health Insurance. 

Cholamandalam Health Insurance vs Bharti AXA Health Insurance – Overview 

Parameter Cholamandalam Health InsuranceBharti AXA Health Insurance
No. of health insurance policies10+7
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistancePolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support
Branches100+160+
Claim settlement ratio50.01%98.27%
Cashless claim settlement time Unspecified5 days 
Hospital network8000+4,500+

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

Health Insurance Policies: Cholamandalam Health Insurance vs Bharti AXA Health Insurance

Cholamandalam Health Insurance offers over 10 diverse health insurance policies for individuals, families, and corporate groups. The company is part of Chennai’s prestigious Murugappa Group and is operating since 2001. 

Bharti AXA Health Insurance might offer only 7 health insurance policies, but pack a punch in them. They offer extensive coverage for individuals, families, senior citizens, and corporate groups. The company is part of Bharti Enterprises and the AXA Group – both leading entities.  

Family Floater Policy: 

Cholamandalam Health Insurance offers two insurance policies for family healthcare: 

  • Chola Healthline
  • Flexi Health 

These policies offer: 

  • Sums insured (SI) up to Rs. 25,00,000
  • Coverage for: 
  • Pre and post- hospital care 
  • In-patient hospital care
  • Domiciliary/home hospitalization
  • Daycare procedures 
  • Organ donor expenses 
  • AYUSH treatments which include: 
  1. Ayurveda
  2. Unani
  3. Siddha
  4. Homeopathy 
  • Out-patient Departmental treatment costs 
  • Maternity and newborn baby care expenses
  • Ambulance charges up to Rs. 5,000

Bharti AXA Health Insurance offers 3 insurance policies for family healthcare: 

  • Smart Super Health 
  • Smart Health Assure
  • Health Advantage 

These policies offer: 

  • SI up to Rs. 1,00,00,000
  • Coverage for: 
  • Pre and post-hospital care 
  • In-patient hospital care
  • Domiciliary/home hospital care 
  • Daycare procedures
  • AYUSH treatments 
  • Accidental death 
  • Organ donor expenses
  • Maternity and newborn baby care needs 
  • Out-patient Departmental treatment expenses 
  • Animal bite vaccination expenses 
  • Dental treatment needed due to an accident/injury  
  • Bariatric surgery for obesity/weight-loss 
  • Pharmacy and diagnostic services
  • Road and air ambulance charges 

Top-up Policy:

Cholamandalam Health Insurance’s Super Top-up Policy offers: 

  • Two sub-policies – Premiere and Supreme 
  • SI up to Rs. 25,00,000
  • Deductibles up to Rs. 20,00,000
  • Coverage for:
  • Pre and post-hospital care 
  • In-patient hospital care
  • Domiciliary/home hospital care 
  • 141 daycare procedures
  • Organ donor expenses 
  • AYUSH treatments
  • Ambulance charges 

Bharti AXA Health Insurance’s Top-up Insurance Policy offers: 

  • SI up to Rs. 60,00,000
  • Multiple deductible options
  • Coverage for: 
  • Pre and post- hospital care
  • In-patient hospital care 
  • Domiciliary hospital care
  • Daycare procedures
  • AYUSH treatments 
  • Organ donor expenses
  • Pre-existing diseases after the waiting period 
  • Dental treatment necessitated due to an accident/injury 
  • Ambulance charges and daily hospital cash allowances 

Corona Kavach Policy: 

Last year, the IRDAI made it mandatory for insurers to provide COVID-19 insurance. After that, all insurance providers including Cholamandalam Health Insurance and Bharti AXA Health Insurance started offering standard COVID-19 policies – the Corona Kavach and the Corona Rakshak. 

The features of the Corona Kavach policy are similar across insurers and include:  

  • SI up to Rs. 5,00,000
  • Coverage for: 
  • Pre and post-hospital care
  • In-patient hospital care
  • Domiciliary/ home hospital care 
  • Daycare procedures 
  • AYUSH treatments
  • Ambulance charges up to Rs. 2,000 
  • Daily hospital cash allowances 

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