Oriental Health Insurance vs COCOCure Health Insurance

Despite the COVID-19 vaccine being approved and set to be distributed and administered across India in a big way, health problems remain a persistent threat to our lives. To prepare oneself in the face of a health crisis is vital. Here is where a health insurance policy comes in handy. A health insurance policy works as a financial shield when you need physical and mental aid. These insurance policies from Oriental Health Insurance and COCOCure Health Insurance provide extensive coverage. Check out the benefits offered by them. 

Oriental Health Insurance versus COCOCure Health Insurance – Overview 

Parameter Oriental Health Insurance COCOCure Health Insurance
Number of health insurance plans 10+ 7
E-services Policy sale, Policy renewal, Claim settlement, Online consultation, Branch locator, 24×7 customer support  Policy sale, Policy renewal, Claim settlement, Online consultation, Branch locator, 24×7 customer support
Branches 1000+ 17
Claim settlement ratio 94.28% 84.31%
Network Hospitals  4,300+ 5,000+

*Source: IRDAI Annual Report 2018-19

Health Insurance Policies: Oriental Health Insurance versus COCOCure Health Insurance

Oriental Health Insurance offers over 10 health insurance policies for individuals, families, senior citizens, and corporate groups. These plans cover accidents, critical illnesses, and COVID-19, among other health problems. 

COCOCure Health Insurance offers 7 health insurance policies for individuals, families, senior citizens and corporate groups. These plans cover critical illnesses, accidents, COVID-19, seasonal diseases like dengue, malaria and swine flu, and other health ailments. 

Here is a 3-plan comparison of Oriental Health Insurance and COCOCure Health Insurance to guide you in picking the right insurance plan by the right insurance provider and offering the best benefits.  

Family Floater Policy: 

Oriental Health Insurance’s ‘Happy Family Floater Policy’ provides: 

  • A sum insured (SI) amount up to Rs.20,00,000
  • 3 sub-covers – Silver, Gold and Diamond 
  • Reimbursement for pre, post and in-hospitalization charges 
  • Indemnification of alternate therapy (AYUSH) treatment expenses
  • Up to 10% of the SI for home treatment  
  • 10% lump sum payment of SI for organ donor expenses 
  • A maternity and newborn baby cover in the Diamond plan
  • Coverage for ambulance costs (between Rs.1,000 – Rs.3,000 per illness) 

Note: AYUSH (Ayurveda, Yoga, Unani, Siddha and Homeopathy)

COCOCure Family Floater Policy provides: 

  • Sum Insured (SI) amount up to Rs.1,00,00,000
  • Coverage for in-patient hospitalization, pre hospitalization and post hospitalization charges 
  • Coverage for 5 mental illnesses up to the SI or Rs.3,00,000, whichever is lower 
  • Coverage up to the SI for in-patient treatment for HIV/ AIDS 
  • Coverage for daycare procedures and organ donor expenses 
  • Home care treatment expenses and AYUSH treatment expenses 
  • Cover for maternity needs and newborn baby expenses for 2 deliveries (subject to a waiting period of 2 years)
  • Coverage for bariatric surgery costs 
  • 5 counseling sessions up to Rs.1,500 per session each policy year 

Personal Accident Policy: 

Oriental Health Insurance’s Personal Accident Policy provides: 

  • 100% of Sum Insured (SI) on accidental death and/or permanent total disability 
  • 50% of SI on permanent partial disability 
  • 100% lump sum payment of SI in the case of loss of employment due to a permanent total disability 
  • 1% of SI per week on temporary total disability (up to 100 weeks) 
  • Reimbursement of transportation expenses (up to 2% of SI)
  • Compensation towards an education fund for 2 dependent children (10%  of SI) 

COCOCure Personal Accident Policy – COCO Protect provides: 

  • 100% of Sum Insured (SI) on accidental death and 200% of SI on accidental death caused while using public transport
  • 150% of SI on permanent total disability 
  • Up to 75% of SI on permanent partial disability 
  • A weekly benefit of 1% of SI per week in case of temporary total disability (up to 100 weeks)
  • Coverage for fractures, broken bones and burns 
  • Child tuition benefit built into the plan
  • Reimbursement of physiotherapy expenses 
  • Payment for funeral and transport expenses 

Corona Kavach Policy: 

Oriental Health Insurance’s Corona Kavach Policy provides:

  • Indemnification of pre, post and in-patient hospitalization expenses 
  • Cashless claim settlement of reimbursement of homecare treatment expenses
  • Indemnification of treatment of COVID-19 expenses under AYUSH systems

COCOCure – Corona Kavach Policy provides: 

  • Sum Insured (SI) amount up to Rs.5,00,000
  • Indemnity cover for in-patient hospitalization expenses 
  • Coverage for pre and post-hospitalization charges
  • Coverage for AYUSH treatment and home care treatment 
  • Waiver of pre-policy medical test 

Before buying an insurance policy, read the entire document, and more importantly, don’t forget to read the fine print of the contract.