Reliance Health Insurance vs Bajaj Allianz Health Insurance

If you haven’t bought health insurance yet, then this comparative guide of Reliance Health Insurance and Bajaj Allianz Health Insurance is for you. It will answer all your questions, if any and lead you to the right health insurance policy. Get the financial security and much-needed peace of mind you deserve today! 

Reliance Health Insurance vs Bajaj Allianz Health Insurance – Overview 

Parameter Reliance Health InsuranceBajaj Allianz Health Insurance
No. of health insurance policies10+15+
E-servicesPolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer servicePolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support
Branches130+200+
Claim settlement ratio94%95.01%
Cashless claim settlement time UnspecifiedWithin 1 hour
Hospital network7,000+6,500+

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

Health Insurance Policies: Reliance Health Insurance vs Bajaj Allianz Health Insurance

When you hear the names Reliance and Bajaj Allianz, does it ring a bell of recognition and trust in your mind? If yes, then you are not wrong. The Reliance and Bajaj Allianz groups are legacy companies in India that started offering health insurance a few years back. Known as Reliance Health Insurance and Bajaj Allianz Health Insurance, the two insurers offer health insurance policies for diverse health needs. 

Critical Illness Insurance: 

Reliance Health Insurance’s Critical Illness Policy offers:

  • Sums insured (SI) up to Rs. 10,00,000
  • 100% payout of the SI on the diagnosis of a policy listed critical illness 
  • Coverage for:
  • 10 critical illnesses including:
  1. Cancer
  2. Coma
  3. Kidney failure
  4. Third-degree burns 
  5. Total blindness 
  • Surgical procedures such as:
  1. Major organ transplant 
  2. Heart valve replacement 

Bajaj Allianz’s Critical Illness Policy offers:  

  • SI up to Rs. 50,00,000
  • 100% payout of the SI on the diagnosis of a policy listed critical illness
  • Coverage for:
  • 10 critical illnesses 
  1. Cancer
  2. Hypertension
  3. Kidney failure 
  4. Heart attack
    • Surgical procedures such as:
  1. Open chest CABG
  2. Aorta graft surgery

Personal Accident Insurance: 

Reliance Health Insurance’s Personal Accident Policy gives: 

  • Worldwide insurance coverage 
  • SI up to Rs. 20,00,000
  • 100% of the SI on the death of the insured due to an accident
  • 100% of the SI for permanent total disability 
  • Up to 75% of the SI for permanent partial disability 
  • A cash benefit for covering the educational costs of the insured’s children 
  • Reimbursement of in-patient hospitalization expenses 
  • Up to Rs. 2,500 for transportation expenses 

Bajaj Allianz offers two Personal Accident Policies: 

  • Personal Accident Policy
  • Global Personal Guard 

The Personal Accident Policy gives: 

  • SI up to Rs. 25,00,000
  • Between 100%-125% on the death of the insured due to an accident
  • 100%-125% of the SI for and permanent total disability 
  • Up to 70% of the SI for permanent partial disability 
  • A weekly cash benefit of Rs. 5,000 per week for temporary total disability 
  • A child education fund up to Rs. 5,000 for each child of the insured 
  • Coverage for:
  • Hospitalization expenses 
  • Daily hospital cash benefits up to Rs. 1,000
  • Up to Rs. 5,000 for transportation expenses  

The Global Personal Guard Policy gives: 

  • SI up to Rs. 25,00,00,000
  • 100% of the SI on the death of the insured due to an accident
  • 100% of the SI for permanent total disability 
  • Up to 75% of the SI on permanent partial disability 
  • 12 optional covers for: 
  • Accidental hospitalization
  • Adventure sports injury
  • Broken bones/ fracture care
  • Air and road ambulance
  • Daily hospital cash support 
  • EMI payment support 
  • Coma recovery 
  • Child education  
  • Travel expenses 
  • Loan protection 
  • Job support 

Saral Suraksha Bima: 

The Saral Suraksha Bima is a standard accident insurance policy offered by almost all insurance companies in India, including Reliance Health Insurance and Bajaj Allianz Health Insurance. The insurance policy offers the same benefits: 

  • SI up to Rs. 1,00,00,000
  • 100% of the SI on the death of the insured due to an accident
  • Up to 100% of the SI for permanent total disability  
  • Up to 50% of the SI on permanent partial disability  
  • Add-on coverage for:
  • Temporary total disability  
  • Education of the insured’s children
  • In-patient hospitalization expenses
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