Liberty Health Insurance vs IFFCO Tokio Health Insurance

Buying health insurance is like buying that combo super-saver pack at the movie theatre, where you get more for a lesser price. In insurance terms, this price is called a premium and has to be paid every month or year for a maximum period of 3 years. But the benefits, like the combo pack, are explosive. From lifestyle diseases to critical ailments, from unforeseen accidents and injuries arising due to it – health insurance covers it all. Believe it when you see it, after referring to this comparison guide of Liberty Health Insurance and IFFCO Tokio Health Insurance

Liberty Health Insurance vs IFFCO Tokio Health Insurance – Overview 

ParameterLiberty Health InsuranceIFFCO Tokio Health Insurance
No. of health insurance policies9+10+
E-servicesPolicy salePolicy renewal Claim settlement Branch locatorOnline consultation24x7 customer support Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support
Branches11020,000+
Claim settlement ratio (CSR) 91%92%
Hospital network5,000+5,000+

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

Health Insurance Policies: Liberty Health Insurance vs IFFCO Tokio Health Insurance

Whether you buy health insurance from Liberty Health Insurance or IFFCO Tokio Health Insurance, knowing they share similar credentials might ease the choice. The table above indicates the number of insurance policies offered by the two insurance companies, their CSR – (above 90%) and the hospital networks associated with them. 

Family Floater Insurance: 

Liberty Health Insurance offers 3 Family Floater Insurance Policies: 

  • Liberty Health Connect 
  • Secure Health Connect 
  • Health Connect Supra 

These policies provide: 

  • Sums insured (SI) up to Rs. 1,00,00,000
  • Deductible amounts up to Rs. 40,00,000 for co-payment of the SI 
  • Coverage for: 
  • Pre and post-hospitalization
  • In-patient hospitalization
  • Domiciliary hospitalization
  • 405 daycare procedures
  • Organ donor expenses 
  • Non-allopathic treatments (AYUSH) that include:
  1. Ayurveda
  2. Unani
  3. Siddha
  4. Homeopathy
  • Road ambulance charges
  • Daily hospital cash
  • Wellness and assistive programs 

IFFCO Tokio also offers 3 Family Floater Insurance Policies:  

  • Family Health Protector 
  • Health Protector Policy
  • Swasthya Kavach Policy  

These policies provide: 

  • SI up to Rs. 30,00,000
  • Deductible amounts up to Rs. 5,00,000 for co-payment of the SI 
  • Coverage for: 
  • Pre and post-hospitalization
  • In-patient hospitalization 
  • Domiciliary hospitalization
  • AYUSH treatments 
  • Nursing care expenses 
  • 160+ daycare procedures 
  • Organ donor expenses 
  • Critical illnesses 
  • COVID-19 treatment 
  • Ambulance charges 

Personal Accident Insurance: 

Liberty Health Insurance’s Personal Accident Policy provides: 

  • SI up to Rs. 1,00,00,000
  • 100% of the SI for accidental death (of the insured) 
  • 50%-100% of the SI for permanent total disablement 
  • Up to 70% of the SI for permanent partial disablement
  • Up to 100% of the SI for broken bones and fractures 
  • Weekly cash benefits up to Rs. 20,000 for temporary total disablement
  • 10 optional add-on covers for: 
  • In-patient hospitalization 
  • Daily hospital cash 
  • Life support assistance 
  • Loan support  
  • Education expenses of the insured’s children 

IFFCO Tokio’s Personal Accident Policy provides: 

  • SI up to Rs. 15,00,000
  • 100% of the SI for accidental death (of the insured) 
  • 100% of the SI for permanent total disablement 
  • Up to 50% of the SI for permanent partial disablement
  • Weekly cash benefits up to Rs. 25,000 for temporary total disablement 
  • Up to Rs. 25,000 towards an education fund for the insured’s children  
  • Up to Rs. 15,000 for loss of employment of the insured due to an accident 
  • Ambulance charges up to Rs. 1,000

Critical Illness Insurance: 

Liberty Health Insurance’s Critical Illness Policy offers: 

  • SI up to Rs. 1,00,00,000
  • 100% payout of the SI on the diagnosis of a policy listed critical illness 
  • Coverage for up to 60 life-threatening diseases including: 
  • Cancer
  • Coma 
  • Stroke
  • First heart attack
  • Third-degree burns 
  • Coverage for two subsequent critical illnesses during the insured’s lifetime 
  • Wellness and assistance services

IFFCO Tokio’s Critical Illness Policy offers: 

  • SI up to Rs. 1,00,00,000
  • 100% payout of the SI on the diagnosis of a policy listed critical illness
  • Coverage for 25 life-threatening diseases including: 
  • Cancer
  • Coma 
  • Lung failure 
  • Kidney failure 
  • Third-degree burns 
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