HDFC ERGO Health Insurance vs Bajaj Allianz Health Insurance

Buying a health insurance plan for safeguarding your health is one of the best investments you can make. Moreover, the rising uncertainty of current times calls for immediate protection for yourself and your loved ones. But due to the vast number of insurance providers available in the market, picking a health insurance plan can be daunting. You can compare HDFC ERGO & Bajaj Allianz Health Insurance to get started.

HDFC ERGO versus Bajaj Allianz Health Insurance – Overview

Parameter	HDFC ERGO	Bajaj Allianz Health Insurance
Number of health insurance plans	10+	15+
E-services	Policy purchase, renewal, claim settlement and online consultation, 24×7 customer support	Policy purchase, renewal, claim settlement and online consultation, 24×7 call assistance
Branches	100+	200+
Incurred claims ratio	62%	77%
Claim settlement time	20 minutes for cashless claim settlement	60 minutes for cashless claim settlement
Hospital network	More than 10,000	More than 6,500

Health Insurance Policy: HDFC ERGO versus Bajaj Allianz Health Insurance. 

HDFC ERGO offers 10+ plans that cover individual, family, senior citizens, critical illnesses, COVID-19 needs, etc. They also have special policies for women and parents. 

Bajaj Allianz Health Insurance offers 15+ healthcare plans. They provide individual, family, senior citizens, critical illnesses, personal accident, and COVID-19 policies, among others. 

Both companies are leading players in the insurance sector and have earned customer loyalty over the years. 

Listed below are the key differences between HDFC ERGO versus Bajaj Allianz Health Insurance plans:

 

Individual and Family Health Insurance Plans: 

HDFC ERGO offers affordable health insurance policies for individuals and family members. Important features include:

• Available for people above 18 years of age, with no restriction on the upper limit
• Includes pre and post-hospitalization costs, in-hospital expenses, 24-hour daycare procedures, cashless home healthcare, free health check-ups, organ donor expenses, etc. 
• Offers AYUSH treatment and covers mental healthcare expenses
• Allows healthy individuals up to 45 years of age to buy a cover without a medical test
• Offers lifetime renewability

Bajaj Allianz Health Insurance offers a personal guard policy, individual as well as family floater policies. Key offerings include: 

• No lower age limit, even newborns and infants can be covered 
• Covers in patient hospitalization charges, pre and post-hospitalization charges, organ donor expenses, daycare procedures, ambulance charges, maternity expenses, Ayurveda treatment etc.
• Offers daily cash benefit during hospital stays 
• Offers lifetime renewability 

 

Critical Illness Insurance Plans: 

HDFC ERGO offers hassle-free coverage for 15 critical illnesses. Important features include:

• Offers two plans, Silver and Platinum, with a low premium and high coverage amounts. 
• Major critical illnesses like cancer, stroke, multiple sclerosis, paralysis, kidney failure etc. covered
• Offers lump sum payment
• Covers regular hospital bills
• Offers 1-2 year plans with the option of lifetime renewability

Bajaj Allianz Health Insurance provides coverage against 10 life-threatening illnesses and has policies catered to different individual needs. 

• Offers plans tailored to suit women’s critical illness needs covering 8 diseases like breast cancer, ovarian cancer, vaginal cancer, etc. 
• Offers plans for individual and family covering major illnesses like cancer, heart ailments, kidney failure, multiple sclerosis and paralysis, among others
• Covers donor expenses
• Offers lifetime renewability 

Corona Kavach Policy: 

Due to a surge in coronavirus cases across the country, prompt and reliable treatments have become the need of the hour. For this reason, the IRDAI launched the Corona Kavach Policy and passed a mandatory directive to all health insurance companies to offer protection against COVID-19 to their policyholders. Now, both HDFC ERGO and Bajaj Allianz Health Insurance offer a Corona Kavach Policy. Moreover, all their health insurance plans have been updated to cover COVID-19. 

When you compare HDFC ERGO and Bajaj Allianz Health Insurance, it is evident that barring a few differences both offer similar benefits:  

• In-hospitalization expenses including tests, PPE kits, oxygen, ICU, consultations, etc. 
• Pre hospitalization expenses for 15 days, post-hospitalization expenses for 30 days, ambulance expenses
• Homecare treatment and AYUSH Care treatment 
• Coverage for co-morbidity 

With access to comparative features of two leading companies, it becomes easier to choose a plan well suited to your needs. In case you need further guidance, you can always reach out to professional insurance experts.