Cholamandalam Health Insurance vs Raheja QBE Health Insurance

Due to the COVID-19 crisis, around 82% of Indians showed a change in their perspective regarding health insurance. A major part of India now believes that health insurance is an absolute must to battle any health crisis without burning a hole in their pocket. Moreover, considering how holistic health insurance coverage is – as it covers various health issues and unforeseen situations – all the more increases its appeal. If you want to know more about the benefits of health insurance, check out this comparative guide of Cholamandalam Health Insurance and Raheja QBE Health Insurance.

Cholamandalam Health Insurance vs Raheja QBE Health Insurance – Overview 

Parameter Cholamandalam Health InsuranceRaheja QBE Health Insurance
No. of health insurance policies10+10+
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistancePolicy salePolicy renewalClaim settlementBranch locatorOnline consultation24x7 customer service
Branches100+12+
Claim settlement ratio50.01%83%
Hospital network8000+5,000+

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

Health Insurance Policies: Cholamandalam Health Insurance vs Raheja QBE Health Insurance

Cholamandalam Health Insurance and Raheja QBE Health Insurance offer over 10 health insurance policies. These policies cater to the needs of individuals, families, senior citizens and corporate groups alike. 

Individual Personal Accident Policy:

Cholamandalam Health Insurance’s Individual Personal Accident Policy gives: 

  • Sums insured (SI) up to Rs. 1,00,00,000
  • 100% payout of the SI on the accidental death of the insured 
  • 100% payout of the SI for permanent total disablement 
  • Up to 60% payout of the SI for permanent partial disablement
  • Up to Rs. 1,00,000 for broken bones/ fractures 
  • Up to Rs. 7,500 per week for temporary total disablement 
  • Up to Rs. 25,000 towards an education fund for the insured’s children 
  • Up to Rs. 50,000 towards modification expenses of the insured’s vehicle/ home 
  • Compensation in case of loss of employment due to permanent total disablement
  • Up to Rs. 5,000 for funeral and cremation costs 
  • Daily hospital cash allowances and coverage for ambulance charges 

Raheja QBE’s Individual Personal Accident Policy gives: 

  • 100% of the SI on the accidental death of the insured
  • 100% of the SI for permanent total disablement
  • Up to 75% of the SI for permanent partial disablement 
  • Rs. 5,000 per week for temporary total disablement 
  • Rs. 5,000 towards the education expenses of the insured’s dependent children 
  • Compensation in case of loss of employment due to permanent total disablement
  • Rs. 2,500 for funeral and cremation expenses
  • Rs. 1,000 for family transportation expenses 
  • Reimbursement of hospitalization expenses 
  • Daily hospital cash benefits of Rs. 500 

COVID-19 Policy: 

Cholamandalam Health Insurance offers the Chola MS COVID-19 Cover that gives: 

  • SI up to Rs. 50,000
  • Lump-sum payout of the SI on the diagnosis of COVID-19
  • 50% of the SI for 3 months in case the insured loses his/ her job due to the diagnosis of COVID-19
  • Daily cash benefits up to Rs. 1,000 for each day of hospitalization 

Raheja QBE offers the standard Corona Kavach Policy that gives:  

  • SI up to Rs. 5,00,000
  • Coverage for: 
  • Pre and post-hospitalization
  • In-patient hospitalization
  • Domiciliary/ home hospitalization
  • Daycare procedures 
  • Non-allopathic treatments which that: 
  1. Ayurveda
  2. Unani
  3. Siddha
  4. Homeopathy
  • Ambulance charges up to Rs. 2,000 per hospitalization 
  • Add-on cover for daily hospital cash allowances 

Daily Hospital Cash Policy: 

Cholamandalam Health Insurance’s Daily Hospital Cash Policy gives: 

  • Daily hospital cash benefits up to Rs. 3,000 
  • Twice the benefit amount on the admission of the insured in the Intensive care unit (ICU) 
  • Up to Rs. 20,000 towards convalescence benefits 
  • A 10% discount in premiums on coverage of two or more family members

Raheja QBE’s Daily Hospital Cash Policy gives: 

  • Daily hospital cash benefits up to Rs. 5,000 
  • Twice the benefit amount on the admission of the insured in the ICU 
  • Twice the benefit amount for hospitalization due to an accident 
  • Benefits up to Rs. 5,000 for daycare procedures 
  • Convalescence benefits up to Rs. 10,000 
  • A loss of income benefit up to Rs. 1,000
  • An international emergency benefit up to Rs. 25,000
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