Tata AIG Health Insurance vs Bajaj Allianz Health Insurance

One of the main aspects of all-round financial planning is investing in insurance. While wealth creation through savings and investments is important, having different forms of insurance is also essential. One form of insurance that comes to your aid in times of a physical or mental health crisis is health insurance. Health insurance provides extensive financial support and covers the costs of medical care when you fall ill, face an accident, or suffer from an injury. You can learn more about the benefits of health insurance with this Tata AIG Health Insurance and Bajaj Allianz Health Insurance comparison guide. 

Tata AIG Health Insurance vs Bajaj Allianz Health Insurance – Overview

Parameter Tata AIG Health InsuranceBajaj Allianz Health Insurance
Number of health insurance plans1115+
E-servicesPolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer support Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support
Branches90+200+
Claim settlement ratio96.43%95.01%
Cashless claim settlement time Within 4 hoursWithin 1 hour
Hospital network5,800+ 6,500+

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

Health Insurance Policies: Tata AIG Health Insurance vs Bajaj Allianz Health Insurance

Tata AIG Health Insurance and Bajaj Allianz Health Insurance are leading players in the insurance sector. They are well-known for their high claim paying abilities (with a CSR of 95%), comprehensive range of health insurance policies, and quality customer services. 

Critical Illness Policy: 

Tata AIG’s Critical Illness Policy offers: 

  • Sum insured (SI) amounts up to Rs. 15,00,000
  • Full payout of the SI on the diagnosis of a listed critical illness 
  • Coverage for 12 life-threatening diseases and surgical procedures including: 
  • Cancer
  • Paralysis
  • First heart attack
  • Kidney failure
  • Major organ transplant 
  • Bone marrow transplant 

Bajaj Allianz’s Critical Illness Policy offers:  

  • SI amounts up to Rs. 50,00,000
  • Full payout of the SI on the diagnosis of a listed critical illness 
  • Coverage for 10 life-threatening diseases and surgical procedures including:
  • Cancer
  • Stroke
  • Hypertension
  • Kidney failure 
  • Multiple sclerosis 
  • Coronary artery surgery
  • Aorta surgery 

Family Floater Policy: 

Tata AIG offers two family floater policies: 

  • Medicare (Medicare, Medicare Protect, and Medicare Premier) 
  • Medicare Plus 

These policies give: 

  • SI amounts up to Rs. 1,00,00,000
  • Coverage for: 
  • Pre and post-hospitalization 
  • In-patient hospitalization 
  • Organ donor transplant expenses 
  • 540+ daycare procedures 
  • Non-allopathic treatments – Ayurveda, Unani, Siddha and Homeopathy (AYUSH) 
  • Bariatric surgery 
  • Domiciliary/home hospitalization 
  • Dental treatment needed due to an accident/injury 
  • Maternity needs 
  • Costs towards: 
  • Consumables 
  • Hearing aids 
  • Health check-up
  • Second opinion 
  • Vaccination expenses 
  • OPD expenses
  • Road ambulance services 
  • Diagnostic tests 

Bajaj Allianz offers two family floater policies: 

  • Health Guard 
  • Health Infinity 

These policies give: 

  • SI amounts up to Rs. 1,00,00,000
  • Coverage for: 
  • Pre and post-hospitalization 
  • In-patient hospitalization 
  • Organ donor transplant expenses 
  • Daycare procedures 
  • AYUSH treatments 
  • Bariatric surgery 
  • Domiciliary/home hospitalization 
  • Maternity and newborn baby needs 
  • Daily hospital cash benefits
  • Road ambulance costs 
  • Health check-up

Personal Accident Policy: 

Tata AIG offers 7 accident insurance policies: 

  • Accident Guard 
  • Accident Shield
  • Income Guard 
  • Injury Guard 
  • Secured Future 
  • Maha Raksha 
  • Secured Income High 

These policies provide:

  • SI amounts up to Rs.1,00,00,00
  • 100% of the SI for accidental death and permanent total disability 
  • Up to 100% of the SI for permanent partial disability 
  • Up to 100% of the SI for fractures and burns 
  • Up to Rs. 50,000 for temporary total disability 
  • Up to Rs. 1,00,000 towards the education expenses of the insured’s dependent children
  • Up to Rs. 1,00,000 for artificial life maintenance support equipment 
  • Coverage for in-patient hospitalization expenses 

Bajaj Allianz offers two Personal Accident policies: 

  • Personal Accident Policy
  • Global Personal Guard Policy

These policies provide: 

  • SI amounts up to Rs. 25,00,000
  • 100%-125% of the SI for accidental death and permanent total disability 
  • Up to 70% of the SI for permanent partial disability 
  • Rs. 5,000 per week for temporary total disability 
  • Rs. 10,000 for the education expenses of the insured’s dependent children 
  • Up to Rs. 5,00,000 for in-patient hospitalization expenses 
  • Hospital cash allowance, funeral expenses, and costs towards transportation of mortal remains