Bajaj Allianz Health Insurance vs Bharti AXA Health Insurance

This year, the onset of COVID-19 brought to light how important good health and ample finances to cover healthcare costs are. Think about it – in a health scare you want nothing more than access to enough resources to settle your medical bills and preserve your peace of mind. Health insurance can help you get both. These health insurance policies from Bajaj Allianz Health Insurance and Bharti AXA Health Insurance can aid in securing your future.

Bajaj Allianz Health Insurance vs Bharti AXA Health Insurance – Overview 

Parameter Bajaj Allianz Health Insurance Bharti AXA Health Insurance
Number of health insurance plans 15+ 5
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistance Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support
Branches 200+ 152+
Claim settlement ratio (CSR) 95.01% 98.27%
Cashless claim settlement time Within 1 hour  Within 6 hours
Hospital network 6,500+ 4,500+

*Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) – years 2018-19 

Health Insurance Policies: Bajaj Allianz Health Insurance vs Bharti AXA Health Insurance

Bajaj Allianz Health Insurance has been providing health insurance since 2001. In the last two decades, this company has made its mark in metropolitan and rural areas. It offers customized insurance solutions for diverse needs. It also has tie-ups with some of the best hospital networks and has won several awards for its consistent performance.

Bharti AXA Health Insurance has been providing health insurance since 2008. Since then, it has amassed a global customer base of around 105 million and settled over 19,00,000 claims. It is counted among the largest and most reputed insurance companies. It has also received several accolades for its services.  

Family Floater Policy: 

Bajaj Allianz offers two family-centric insurance policies:

  • Health Guard (offering multiple sums insured (SI) options up to Rs. 1,00,00,000)
  • Health Infinity (having no upper cap on the SI amount) 

These policies provide: 

  • Inclusion of self, spouse, children, and dependent parents under the policy 
  • Coverage for pre, post and in-patient hospital care expenses
  • Settlement of medical costs incurred for daycare procedures
  • Expenses towards organ donor transplant and alternate (AYUSH) treatment 
  • Maternity and newborn baby cover
  • Bariatric surgery cover 
  • Daily hospital cash benefits (Rs. 500 per day for ten days) 

Bharti AXA has two family-centric policies: 

  • Smart Super Health Insurance Policy
  • Smart Health Assure

These policies provide: 

  • Multiple SI options up to Rs.1,00,00,000
  • Coverage for in-patient, pre and post-hospital care expenses 
  • Expenses towards domiciliary hospitalization and alternate (AYUSH) treatments 
  • Reimbursement for daycare procedures and organ donor transplant 
  • Payouts for vaccination expenses necessitated due to an animal bite
  • A maternity and newborn baby benefit 
  • Outpatient emergency treatment cover
  • Dental treatment expenses arising due to an accident 
  • A lump-sum payout towards listed critical illnesses 

Top-up Insurance Policy: 

Bajaj Allianz offers an ‘Extra Care Plus Policy’ that provides:  

  • Multiple SI options up to Rs.50,00,000
  • In-patient hospitalization, and pre and post-hospitalization cover
  • Expenses towards daycare procedures, organ donor transplant, and maternity needs 
  • Inclusion of pre-existing diseases after a waiting period of 1 year 
  • Waiver of pre-policy medical test for individuals up to 55 years of age
  • Coverage for emergency road ambulance services 
  • Free health check-ups 

Bharti AXA’s ‘Smart Super Top-up Insurance’ policy that provides:

  • SI amounts up to Rs. 60,00,000
  • In-patient, pre and post-hospital care expenses
  • Inclusion of domiciliary hospitalization, organ donor expenses 
  • Expenses towards daycare procedures 
  • Reimbursement of expenses towards AYUSH and dental treatment 
  • Settlement of home nursing and ambulance service costs 

Arogya Sanjeevani Policy: 

The Arogya Sanjeevani Policy is a standard health insurance plan that all insurers in India offer. The policy is part of the IRDAI’s program to make health insurance affordable for every Indian national. 

The Arogya Sanjeevani plans from Bajaj Allianz Health Insurance and Bharti AXA Health Insurance both offer: 

  • SI amounts up to Rs.5,00,000
  • In-patient, pre and post-hospitalization cover 
  • Expenses towards daycare procedures (up to 50% of the SI)
  • Inclusion of AYUSH treatments 
  • Payment of 25% SI towards cataract treatment 
  • Cover for Ambulance expenses (up to Rs.2000 per hospitalization)