Niva Bupa (Max Bupa) Health Insurance vs New India Assurance Health Insurance

Without health insurance, it would be tough to get through a health crisis and you would have to spend an inflated amount out of your pocket. But with it, you would be able to negate the effects of inflation and get the health insurance company to settle everything without having to worry about having cash at hand. Read this comparative guide of leading insurance companies Niva Bupa (Max Bupa) Health Insurance and New India Assurance Health Insurance and uncover the benefits of health insurance. 

Niva Bupa (Max Bupa) Health Insurance vs New India Assurance Health Insurance – Overview 

Parameter Niva Bupa (Max Bupa) Health Insurance New India Assurance Health Insurance
No. of health insurance policies 10+ 10+
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locatorAssistive chat services Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer help
Branches 25+ 1000+
Claim settlement ratio (CSR) 92% 95.92%
Cashless claim settlement time 30 minutes  Unspecified
Hospital network 5,000+ 1,500+

Source: The Insurance Regulatory and Development Authority of India’s (IRDAI) Annual Report – 2019-20. 

Health Insurance Policies: Niva Bupa (Max Bupa) Health Insurance vs New India Assurance Health Insurance

Niva Bupa (Max Bupa) Health Insurance and New India Assurance Health Insurance both offer over 10 health insurance policies. Their policies cover a wide range of health needs – including post-accidental hospitalization, critical ailment care, maternity and newborn baby care, and others. 

Top-up Insurance: 

Niva Bupa (Max Bupa) offers 2 top-up insurance policies: 

  • Health Recharge 
  • Money Saver 

These policies offer: 

  • Sums insured (SI) up to Rs. 1,00,00,000
  • Premium prices as less as Rs. 3,762 per year 
  • Deductible options up to Rs. 10,00,000 for co-payment of the SI 
  • Coverage for: 
  • Pre and post-hospitalization 
  • In-patient hospitalization 
  • Domiciliary hospitalization 
  • Daycare procedures and treatments 
  • AYUSH treatments including: 
  1. Ayurveda
  2. Unani
  3. Siddha
  4. Homeopathy
  • Organ donor transplant expenses 
  • Mental illnesses and their treatment 
  • HIV/ AIDS treatment 
  • Advanced technology treatments 
  • Life maintenance support equipment 
  • Daily hospital cash benefits 
  • Emergency ambulance charges 
  • E-consultation, pharmacy and diagnostic services 
  • Optional personal accident and critical illness covers 

New India’s Top-up Policy offers: 

  • SI up to Rs. 22,00,000
  • Deductible amount options up to Rs. 8,00,000 for co-payment of the SI 
  • Coverage for:
  • Pre and post-hospitalization 
  • In-patient hospitalization
  • Domiciliary hospitalization
  • AYUSH treatments 
  • Daycare procedures and treatments 
  • Organ donor transplant expenses 
  • Cataract treatment expenses 
  • Mental illnesses and their treatment
  • Behavioural and genetic disorder treatment
  • Advanced technology treatments 
  • Pre-existing diseases after 2 years
  • Daily hospital cash benefits 
  • Ambulance charges up to Rs. 8,000

Personal Accident Insurance: 

Niva Bupa (Max Bupa)’s Personal Accident Policy offers: 

  • SI up to Rs. 5,00,00,000
  • Premium prices as less as Rs. 6,444 per year
  • 100% of the SI to the nominee on the demise of the insured due to an accident 
  • 125% of the SI on permanent total disability 
  • Up to 100% of the SI for permanent partial disability 
  • Weekly cash benefits on temporary total disability 
  • Coverage for:
  • Education costs of the insured’s dependent children
  • Hospitalization expenses  
  • Funeral expenses 

New India’s Personal Accident Policy offers: 

  • SI up to 72 times of the annual income of the insured
  • 100% of the SI to the nominee on the demise of the insured due to an accident  
  • 100% of the SI for permanent total disability 
  • Up to 50% of the SI for permanent partial disability 
  • Weekly cash benefits for temporary total disability 
  • Coverage for: 
  • Education costs of the insured’s children
  • Transportation expenses 

COVID-19 Insurance: 

In March 2020, the IRDAI made it mandatory for insurance companies to provide COVID-19 health on a standalone basis or in their existing health insurance policies. As per that, all insurers including Niva Bupa (Max Bupa) Health Insurance and New India Assurance Health Insurance now offer the Corona Kavach and the Corona Rakshak – two standard and affordable COVID-19 insurance policies. 

The features of the Corona Kavach include:  

  • SI up to Rs. 5,00,000
  • Coverage for: 
  • Pre and post-hospitalization 
  • In-patient hospitalization
  • Domiciliary hospitalization
  • Daycare procedures 
  • AYUSH treatments
  • Ambulance charges up to Rs. 2,000 per hospitalization
  • Daily hospital cash benefits

The features of the Corona Rakshak include: 

  • SI up to Rs. 2,50,000
  • Full payout of the SI on the diagnosis of COVID-19 and continuous hospitalization of the insured for 72 hours

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