HDFC ERGO Health Insurance vs Bajaj Allianz Health Insurance

Buying a health insurance plan for safeguarding your health is one of the best investments you can make. Moreover, the rising uncertainty of current times calls for immediate protection for yourself and your loved ones. But due to the vast number of insurance providers available in the market, picking a health insurance plan can be daunting. You can compare HDFC ERGO & Bajaj Allianz Health Insurance to get started.

HDFC ERGO versus Bajaj Allianz Health Insurance – Overview

Parameter HDFC ERGO Bajaj Allianz Health Insurance
Number of health insurance plans 10+ 15+
E-services Policy purchase, renewal, claim settlement and online consultation, 24×7 customer support Policy purchase, renewal, claim settlement and online consultation, 24×7 call assistance
Branches 100+ 200+
Incurred claims ratio 62% 77%
Claim settlement time 20 minutes for cashless claim settlement 60 minutes for cashless claim settlement
Hospital network More than 10,000 More than 6,500

Health Insurance Policy: HDFC ERGO versus Bajaj Allianz Health Insurance

HDFC ERGO offers 10+ plans that cover individual, family, senior citizens, critical illnesses, COVID-19 needs, etc. They also have special policies for women and parents. 

Bajaj Allianz Health Insurance offers 15+ healthcare plans. They provide individual, family, senior citizens, critical illnesses, personal accident, and COVID-19 policies, among others. 

Both companies are leading players in the insurance sector and have earned customer loyalty over the years. 

Listed below are the key differences between HDFC ERGO versus Bajaj Allianz Health Insurance plans:

 

Individual and Family Health Insurance Plans: 

HDFC ERGO offers affordable health insurance policies for individuals and family members. Important features include:

  • Available for people above 18 years of age, with no restriction on the upper limit
  • Includes pre and post-hospitalization costs, in-hospital expenses, 24-hour daycare procedures, cashless home healthcare, free health check-ups, organ donor expenses, etc. 
  • Offers AYUSH treatment and covers mental healthcare expenses
  • Allows healthy individuals up to 45 years of age to buy a cover without a medical test
  • Offers lifetime renewability

Bajaj Allianz Health Insurance offers a personal guard policy, individual as well as family floater policies. Key offerings include: 

  • No lower age limit, even newborns and infants can be covered 
  • Covers in patient hospitalization charges, pre and post-hospitalization charges, organ donor expenses, daycare procedures, ambulance charges, maternity expenses, Ayurveda treatment etc.
  • Offers daily cash benefit during hospital stays 
  • Offers lifetime renewability 

 

Critical Illness Insurance Plans: 

HDFC ERGO offers hassle-free coverage for 15 critical illnesses. Important features include:

  • Offers two plans, Silver and Platinum, with a low premium and high coverage amounts. 
  • Major critical illnesses like cancer, stroke, multiple sclerosis, paralysis, kidney failure etc. covered
  • Offers lump sum payment
  • Covers regular hospital bills
  • Offers 1-2 year plans with the option of lifetime renewability

Bajaj Allianz Health Insurance provides coverage against 10 life-threatening illnesses and has policies catered to different individual needs. 

  • Offers plans tailored to suit women’s critical illness needs covering 8 diseases like breast cancer, ovarian cancer, vaginal cancer, etc. 
  • Offers plans for individual and family covering major illnesses like cancer, heart ailments, kidney failure, multiple sclerosis and paralysis, among others
  • Covers donor expenses
  • Offers lifetime renewability 

Corona Kavach Policy: 

Due to a surge in coronavirus cases across the country, prompt and reliable treatments have become the need of the hour. For this reason, the IRDAI launched the Corona Kavach Policy and passed a mandatory directive to all health insurance companies to offer protection against COVID-19 to their policyholders. Now, both HDFC ERGO and Bajaj Allianz Health Insurance offer a Corona Kavach Policy. Moreover, all their health insurance plans have been updated to cover COVID-19. 

When you compare HDFC ERGO and Bajaj Allianz Health Insurance, it is evident that barring a few differences both offer similar benefits:  

  • In-hospitalization expenses including tests, PPE kits, oxygen, ICU, consultations, etc. 
  • Pre hospitalization expenses for 15 days, post-hospitalization expenses for 30 days, ambulance expenses
  • Homecare treatment and AYUSH Care treatment 
  • Coverage for co-morbidity 

With access to comparative features of two leading companies, it becomes easier to choose a plan well suited to your needs. In case you need further guidance, you can always reach out to professional insurance experts.

Hdfc Ergo Vs Bajaj Allianz Health Insurance Plan Comparison

What documents do I require to buy a health insurance plan in India?

You will need to submit the following documents to purchase a health insurance plan:
1. Policy form
2. Residential proof & Identity proof (Any 1)
Voter’s ID/ Driving license, Aadhar Card, Passport, Electricity bill, Ration Card
3. Age Proof (any 1)
Aadhar Card, Birth certificate, PAN card, 10th/ 12th grade mark sheet

How can I purchase health insurance online?

You can easily purchase a health insurance policy online. Follow these steps:
1. Visit the company website
2. Compare plans and select the one you want to buy
3. Enter your details like your name, DOB, address, family member details, etc.
Get a quote based on the information entered and proceed to pay

Is it mandatory to have a health insurance policy?

No, it is not mandatory to purchase a health insurance policy in India. However, it is advisable to do so, as it comes to aid in times of medical emergencies and reduces the monetary burden of treatment extensively. Cashless treatment can also address your liquidity challenges.

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