IFFCO Tokio Health Insurance vs Edelweiss Health Insurance

In times of health crises, the last thing you want to worry about is arranging finances. At the same time, you cannot allow the health crisis to drain your hard-earned savings. Getting a health insurance policy will keep your finances intact by covering all your medical expenses at such times. You only have to choose the one providing you with the right cover. This comparative analysis of IFFCO Tokio Health Insurance and Edelweiss Health Insurance will give you an idea about how to go about buying an all-round health insurance policy.

IFFCO Tokio Health Insurance versus Edelweiss Health Insurance – Overview 

ParameterIFFCO Tokio Health InsuranceEdelweiss Health Insurance
Number of health insurance plans136
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer supportPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support
Branches20,000+10+
Claim settlement ratio98.47%79.82%
Cashless claim settlement timeWithin 24 hoursWithin 72 hours
Hospital network5,000+2,500+

*Source: IRDAI Annual Report 2018-19 

Health Insurance Policies: IFFCO Tokio Health Insurance versus Edelweiss Health Insurance

IFFCO Tokio Health Insurance offers 13 health insurance policies that cover individuals, families, and senior citizens. They cover critical illnesses, accidents, vector-borne diseases, COVID-19, among other health issues. 

Edelweiss Health Insurance offers 6 health insurance policies on an individual and also on family floater basis. They provide coverage against accidents, critical illnesses, and COVID-19, and other health issues. 

Here is a comparison of three of IFFCO Tokio Health Insurance and Edelweiss Health Insurance’s most popular health insurance policies. 

Family Floater Policy: 

IFFCO Tokio offers 3 family-centric health insurance policies – Family Health Protector Policy, Swasthya Kavach Policy, and Health Protector Plus Policy. They offer: 

  • Coverage for in-patient hospitalization, pre and post hospitalization charges
  • Coverage for over 160 daycare procedures 
  • 7.5% of the sum insured (SI) for cataract treatment 
  • Coverage for AYUSH # treatment at AYUSH hospitals/ day-care centers
  • Coverage for ambulance expenses (up to Rs.3,000 per hospitalization)
  • 20% of the SI for domiciliary hospitalization 
  • Waiver of pre-policy medical test for individuals up to the age of 60 years 

# – AYUSH refers to Ayurveda, Yoga, Unani, Siddha and Homeopathy

Edelweiss Health Insurance offers 3 family-centric plans – Silver Plan, Gold Plan and Platinum Plan. They offer: 

  • A Sum Insured (SI) amount of up to Rs.10,000,000 
  • Coverage for in-patient hospitalization, pre and post hospitalization charges
  • Coverage up to the SI for daycare procedures, alternate (AYUSH) treatment and domiciliary hospitalization 
  • An organ donor cover (only in the Gold and Platinum Plan) 
  • An optional add-on critical illness cover 
  • A maternity benefit and a recovery benefit (only in the Gold and Platinum Plan) 
  • Coverage for ambulance charges 
  • A health check-up for every claim-free year 

Arogya Sanjeevani Policy: 

IFFCO Tokio Arogya Sanjeevani Policy offers: 

  • A Sum Insured (SI) amount up to Rs.5,00,000
  • Coverage for in-patient hospitalization, pre and post hospitalization charges
  • 25% SI for cataract treatment 
  • Coverage for dental treatment owing to disease/ injury
  • Coverage for AYUSH treatment 
  • Road ambulance expense cover (up to Rs.2,000 per hospitalization) 

Edelweiss Health Insurance Arogya Sanjeevani Policy offers:

  • A SI amount between Rs.1,00,000 – Rs.5,00,000 
  • Coverage for in-patient hospitalization, pre and post hospitalization charges
  • 2% SI for daily room rent expenses 
  • 25% SI for cataract treatment
  • 100% SI for AYUSH treatment 
  • Coverage for pre-existing diseases after a 48-month waiting period 

COVID-19 Insurance Policy: 

Both, IFFCO Tokio Health Insurance and Edelweiss Health Insurance provide coverage against COVID-19 in their Corona Kavach and Corona Rakshak insurance policies.

IFFCO Tokio Corona Kavach Policy provides:

  • A Sum Insured (SI) amount ranging between Rs.50,000 and Rs.5,00,000
  • Coverage for in-patient hospitalization, pre and post hospitalization charges
  • Coverage for in-patient care from AYUSH treatments 
  • Coverage for home treatment 
  • The Policy term for 3.5, 6.5, and 9.5 months

Edelweiss Health Insurance Corona Kavach Policy provides:

  • A Sum Insured (SI) amount ranging between Rs.50,000 and Rs.5,00,000
  • Coverage for in-patient hospitalization, pre and post hospitalization charges
  • Coverage for AYUSH treatments and home treatment 
  • The Policy term for 3.5, 6.5, and 9.5 months
  • Up to 25% discount on the premium rate

IFFCO Tokio Corona Rakshak Policy provides: 

  • A Sum Insured (SI) amount ranging between Rs.50,000 and Rs.2,50,000
  • 100% lump-sum payout of SI on the diagnosis of COVID-19

Edelweiss Health Insurance Corona Rakshak Policy provides:

  • 100% lump sum payout of SI on the diagnosis of COVID-19

This IFFCO Tokio Health Insurance versus Edelweiss Health Insurance comparative study will help you make an informed choice.