Niva Bupa (Max Bupa) Health Insurance vs ICICI Lombard Health Insurance

If there’s one thing that the turn of this decade has taught the world, then it’s that healthcare must be given the utmost importance. The right investment, attention, and safeguarding measures can go a long way in keeping emergencies at bay. Having a trusted and efficient health insurance plan, thus, has become the need of the hour. 

To help you navigate through a wide market of insurance, here’s a detailed and objective Niva Bupa (Max Bupa) and ICICI Lombard Health Insurance comparison: 

Niva Bupa (Max Bupa) VERSUS ICICI Lombard Health Insurance

Parameter Niva Bupa (Max Bupa)  ICICI Lombard Health Insurance
Number of health insurance plans 10+ 6
E-services Policy purchase, renewal, claim settlement, online doctor consultation, and expert support Policy purchase, renewal, claim settlement, and online consultation
Branches 25+ 25+
Founding year  2008 2001
Cashless payments & reimbursements Available Available
Hospital Networks 5,000+ 6,500+

Niva Bupa (Max Bupa) Versus ICICI Lombard Health Insurance: A comparison 

Having one of the widest options of health care insurance, Niva Bupa (Max Bupa) thrives on providing premium and efficient plans to their beneficiaries. They have been operational since 2008 and have grown their hospital networks, insurance plans, and customer base at a massive scale.   

ICICI Lombard, on the other hand, has a vast network of hospital networks making the process of insurance claims hassle-free. The company has been serving its customers for more than 18 years and has built a strong standing in the Indian market.

Here is a comprehensive evaluation of the services offered by each of them that should help you get a clear picture of the Niva Bupa (Max Bupa) and ICICI Lombard Health Insurance comparison: 

Long Run Insurance Plans:

Niva Bupa (Max Bupa) offers a ‘ReAssure Family Health Insurance Plan’ that has the following features: 

  • Available in individual and family (up to six members) options
  • Covers hospital charges, ambulance fee, surgery costs like an organ transplant, all day-care treatments including ENT services, to name a few
  • Offers free lifetime renewability to customers

ICICI Lombard has a plan called ‘ICICI Lombard Complete Health Insurance.’ The highlights include: 

  • Primarily designed for individuals and offers floater benefit, i.e. you can get family members covered under the same policy by paying the premium amount 
  • Promises to cover a wide range of items including health check-ups, alternative treatments, surgery costs, hospital bills, etc. 
  • Lifetime support and coverage at no added cost 

 

Accident Specific Insurance Plans: 

Niva Bupa (Max Bupa) has an ‘AccidentCare- Personal Accident Insurance Policy.’ This includes: 

  • Up to 100% claim on accidental death 
  • Cover ranges between Rs 5lakhs to Rs 2 crores
  • One can extend the plan for family coverage as well 
  • Coverage beyond national borders 

ICICILombard offers the ‘Personal Protect Policy.’ The highlights include: 

  • Upon accidental death, the nominee can claim the insured sum 
  • Cover can be extended for hospitalization charges
  • The policy can be extended to cover for family members too
  • Coverage sum ranges between Rs 3 lakhs and Rs 25 lakhs 

Top Up Insurance Plans:

Niva Bupa (Max Bupa) has a top-up plan named ‘Health Recharge.’ This has the following highlights: 

  • Covers modern medical trends including e-consultations, alternative treatments, cashless hospital payments, etc. 
  • Includes a COVID 19 cover
  • Offers free lifetime renewability

ICICILombard offers a top-up insurance plan called the ‘Health Booster Cover.’ Some key features include: 

  • Meant to safeguard you from the financial burden of any unforeseen and unexpected health conditions
  • Includes the Coronavirus insurance cover
  • Lifetime renewability offered at no extra cost

Now that the basics of the Niva Bupa (Max Bupa) and ICICILombard Health Insurance comparison have been laid out, your next step should include assessing your needs and picking the right plan accordingly.

FAQs: Niva Bupa (Max Bupa) Vs ICICI Lombard Health Insurance Plan Comparison

Can I claim tax benefits on either of these plans?

Yes, health insurance enables policyholders to claim tax benefits under section 80D of the Income Tax Act of 1961 for all IRDA approved health insurance plans.

Can these policies be cancelled after signing up?

Most of them offer a 'free-look period' that varies from 7 days to 15 days. During this period, one can cancel the policy with written notice and without any commitments.

What documents are usually required for claim settlement?

Different policies have different requirements but broadly, one should keep their proof of address, age proof, proof of identity, income documents, bills and policy documents handy.

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