COCOCure Health Insurance vs Manipal Signa Health Insurance

Managing your health without a health insurance plan is like skydiving without a parachute. You just cannot afford to take that kind of risk. In life, it is always better to remain prepared for exigencies. This is more so when it comes to something as valuable and precious as your health. A health insurance plan reduces the burden of finances during a medical emergency. It lets you focus on regaining your health without having to worry about settling hospitalization bills. Read this COCOCure Health Insurance and Manipal Cigna Health Insurance guide to find out a good health plan for your needs. 

COCOCure Health Insurance and Manipal Cigna Health Insurance – Overview 

ParameterCOCOCure Health InsuranceManipal Cigna Health Insurance
Number of health insurance plans711
E-servicesPolicy sale
Policy renewal
Claim settlement
Branch locator
Online consultation
24×7 customer service
Policy sale
Policy renewal
Claim settlement
Branch locator
Online consultation
24×7 customer support 
Branches1747
Incurred Claim ratio78.9%54%
Claim settlement ratio84.31%97%
Claim settlement timeCashless claim approval within 24-48 hoursCashless claim approval within 2hours

Source: Insurance Regulatory and Development Authority of India (IRDAI) Annual Report 2018-19 

Health Insurance Plans: COCOCure Health Insurance versus Manipal Cigna Health Insurance

COCOCure Health Insurance is a well-established insurance company. It offers 7 comprehensive health care policies for individuals, family, senior citizens, and corporate group needs. These provide coverage against critical illnesses, personal accident, and even seasonal ailments like dengue/ malaria. 

Manipal Cigna Health Insurance has established customer-trust since its founding. It offers 11 health care policies that provide extensive coverage for individual, multi-individual, family, and employee needs. The plans cover critical illnesses, travel, and Covid-19, and several others.

Individual and Family Health Plans: 

COCOCure Health Insurance offers COCO Cure – an all-inclusive health plan for the entire family. Key benefits include:

  • Cover for pre-and post-hospitalization expenses
  • Sum assured amount up to Rs.1crore
  • Counseling services and wellness rewards 
  • Reimbursement for modern allopathic and traditional AYUSH treatment 
  • Coverage for infertility treatment and also for bariatric surgery 

Manipal Cigna Health Insurance offers three health plans – Pro-Health Insurance, Super Top-up, and Pro-Health Select. The hallmarks of these plans are as follows: 

  • Provides coverage for pre, post, and in-hospitalization expenses
  • Covers expenses for home-care treatment, AYUSH treatment, and day-care procedures
  • Give full sum assured in case of a medical emergency anywhere across the globe
  • Reimburses maternity and new-born medical bills
  • Offer a critical illness add-on cover 

Arogya Sanjeevani Health Plans: 

The Insurance Regulatory and Development Authority of India (IRDAI) believe that health insurance should be affordable to all. To make this a reality, it directed all insurance companies to provide health coverage at low premiums. These policies, called Arogya Sanjeevani policies aim to offer cost-effective and standard health coverage.

Features of COCOCure Health Insurance Arogya Sanjeevani Policy: 

  • Covers pre, post, and in-hospitalization expenses 
  • Includes coverage for daycare, cataract, modern and AYUSH treatment 
  • Requires no pre-policy medical check-up for individuals aged up to 50years 
  • Provides sum assured between Rs. 1 lakh and Rs 5 lakhs. 

Features of Manipal Cigna Health Insurance Arogya Sanjeevani Policy:

  • Provides coverage for allopathic and traditional AYUSH treatment 
  • Covers charges for daycare treatment and modern/ advanced treatment 
  • Bears expenses for pre, post, and in-hospitalization charges. 
  • Provides sum assured between Rs. 1 lakh and Rs 5 lakhs. 

Corona Kavach/ Corona Rakshak Health Plans: 

The IRDAI has directed all insurance companies to offer standard/ advanced health care policies in the wake of the Covid-19 pandemic. The policies called, Corona Kavach and Corona Rakshak policies are issued for 3.5, 6.5, and 9.5 months. Both COCOCure Health Insurance and Manipal Cigna Health Insurance offer these plans. 

COCOCure Health Insurance offers: 

  • Indemnity cover/ lump-sum payout upon positive diagnosis 
  • Sum assured value ranging between Rs.50,000-Rs.5lakhs
  • No need for pre-policy medical test 
  • Coverage for pre, post, and in-patient hospitalization

Manipal Cigna Health Insurance offers:  

  • Coverage for pre, post, and in-patient hospitalization
  • Inclusion of home treatment and AYUSH treatment 
  • No need for pre-policy medical test 
  • 5% discount for healthcare workers
  • Option of lump-sum payout upon diagnosis

The purpose of this COCOCure Health Insurance vs Manipal Cigna Health Insurance comparative guide is to help you pick a suitable health insurance plan between the two. For further help, you can reach out to professional insurance experts like us.

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