Reliance Health Insurance vs Universal Sompo Health Insurance

Everyone needs a little help sometimes. At such moments, it is wise to accept support to get back on your feet. Support can come from family members, friends, and even strangers. 

However, have you planned for adequate financial support in case of health-related emergencies? Such situations might burden your pocket due to the rising costs of healthcare. But why put yourself in debt when you can get health insurance as your financial cushion in such unforeseen situations? 

Health insurance policies can save you from borrowing and also keep your hard-earned savings intact. But locating the right health insurance plan for your needs is not an easy task considering the vast number of plans available. However, a comparative guide, such as this one on Reliance Health Insurance and Universal Sompo Health Insurance, can simplify the process.

Reliance Health Insurance vs Universal Sompo Health Insurance – Overview 

Parameter Reliance Health InsuranceUniversal Sompo Health Insurance
No. of health insurance policies10+20+
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer servicePolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support
Branches130+86
Claim settlement ratio (CSR)94%90%
Network Hospitals 7,000+4000+

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

Health Insurance Plans: Reliance Health Insurance vs Universal Sompo Health Insurance

Reliance Health Insurance is one of the most reputed insurance providers having tie-ups with over 7,000 hospital networks. Its vast database also assists in understanding how insurance works and clarifies doubts. 

Universal Sompo Health Insurance has almost two decades of experience in the insurance sector. This company operates on a national and global scale and offers a range of innovative health insurance plans. It has tie-ups with over 4000 hospital networks and settled over 90% of claims raised last year. 

Group Health Insurance Policy: 

Reliance Health Insurance’s Group Health Insurance Policy offers: 

  • Sum insured (SI) amounts up to Rs. 1,00,000
  • Coverage for: 
  • Pre, post and in-patient hospitalization 
  • Daycare procedures
  • Pre-existing diseases after 48 months 
  • Maternity needs
  • Modern treatments 
  • Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) treatments 
  • Road ambulance costs 

Universal Sompo’s Group Health Insurance Policy offers:

  • Indemnification of: 
  • Pre-, post- and in-patient hospitalization expenses
  • Domiciliary hospitalization expenses
  • AYUSH treatment costs 
  • Coverage for: 
  • Daycare procedures
  • Pre-existing diseases
  • Maternity and newborn baby needs
  • Sterility and infertility treatment expenses
  • Cosmetic/ plastic surgery
  • Weight-control surgeries 
  • OPD expenses
  • Non-medical items 
  • Add-on covers for: 
  • Dental treatment 
  • Critical illnesses 
  • Organ donor transplant 
  • Emergency assistance services

Daily Hospital Cash Policy: 

Reliance Health Insurance’s Daily Hospital Cash Policy Hospi-care offers: 

  • Up to Rs. 4,000 towards daily cash benefits (DCB) for 60 days of hospitalization 
  • Twice the DCB for  hospitalization in the intensive care unit (ICU) 
  • SI amounts up to Rs. 10,00,000 for over 150 surgical procedures, including:
  • Heart transplant
  • Lung transplant
  • Gall bladder removal 
  • Bone marrow transplant 
  • Up to Rs. 50,000 for over 140 daycare procedures  
  • Up to Rs. 20,000 for vector-borne diseases such as malaria, dengue, and chikungunya 
  • Up to Rs. 20,000 cash for unlisted surgeries 

Universal Sompo’s Daily Hospital Cash Policy offers:

  • DCB up to Rs. 3,000 for up to 180 days of hospitalization 
  • Twice the DCB on admission to the ICU 
  • Convalescence benefits up to Rs. 10,000 
  •  5% family and group discounts on premiums 

Arogya Sanjeevani Policy: 

The Arogya Sanjeevani Policy is a standard and affordable insurance plan. It is offered by all insurers across India, including Reliance Health Insurance and Universal Sompo Health Insurance. Across insurers, this policy shares similar features, which include:  

  • SI amounts between Rs. 1,00,000 and Rs. 5,00,000 
  • Coverage for: 
  • Pre, post and in-patient hospitalization 
  • Domiciliary treatment
  • Daycare procedures
  • AYUSH treatments 
  • Modern treatments
  • Organ donor expenses 
  • Dental treatment needed due to a disease/ injury 
  • Plastic surgery needed due to a disease/ injury 
  • Ambulance cost reimbursement up to Rs. 2,000 per hospitalization 
  • Daily hospital cash benefits 
  • Lifetime renewability 

Related Posts: