Liberty Health Insurance vs Raheja QBE Health Insurance

Have you heard about health insurance before but never learned what it entails because you felt it was not worth it? If yes, then now is your chance to change your mind and learn about health insurance with the help of this Liberty Health Insurance and Raheja QBE Health Insurance comparison guide. The guide compares two leading insurance providers in the Indian insurance sector. It enlists three of their health insurance policies and highlights its best features, so you can weigh your options and choose one as per your needs and budget. 

Liberty Health Insurance vs Raheja QBE Health Insurance – Overview 

ParameterLiberty Health InsuranceRaheja QBE Health Insurance
No. of health insurance policies9+10+
E-servicesPolicy salePolicy renewal Claim settlement Branch locatorOnline consultation24x7 customer support Policy salePolicy renewalClaim settlementBranch locatorOnline consultation24x7 customer service
Branches11012+
Claim settlement ratio (CSR) 91%83%
Hospital network5,000+5,000+

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

Health Insurance Policies: Liberty Health Insurance vs Raheja QBE Health Insurance

Liberty Health Insurance is operating since 2013 across 29 states in India. It is part of the prestigious Liberty Mutual Insurance Group – a legacy name in itself – having over a century of insurance experience. 

Raheja QBE Health Insurance is part of the Rajan Raheja Group and operates on an international scale. It partnered with Australia’s second-largest insurer – QBE Insurance over a decade ago and has been offering health insurance since then. 

Family Floater Insurance:

Liberty Health Insurance offers 2 Family-centric Insurance Policies: 

  • Liberty Health Connect 
  • Secure Health Connect 

These policies provide: 

  • Sum insured (SI) amount options up to Rs. 15,00,000
  • Coverage for: 
  • Pre and post-hospitalization
  • In-patient hospitalization
  • Domiciliary (home) hospitalization
  • Nursing allowance 
  • 405 daycare procedures
  • Organ donor expenses 
  • Cataract treatment 
  • Second medical opinion
  • Non-allopathic treatments (AYUSH) that include:
  1. Ayurveda
  2. Unani
  3. Siddha
  4. Homeopathy
  • Road ambulance charges
  • Daily hospital cash
  • Health check-up
  • Recovery benefits 
  • Wellness and assistive programs 

Raheja QBE’s Family Floater Policy called Health QuBe offers: 

  • SI amounts up to Rs. 1,00,00,000
  • Indemnification of:
  • Pre and post-hospitalization expenses
  • In-patient hospitalization expenses 
  • Organ donor expenses 
  • AYUSH treatments 
  • Coverage for:
  • Daycare procedures/ treatments
  • Domiciliary (home) hospitalization
  • Dental treatment needed due to a disease/ injury
  • Pre-existing diseases after completion of the waiting period

Personal Accident Insurance:

Liberty Health Insurance’s Personal Accident Policy offers: 

  • SI amounts up to Rs. 1,00,00,000
  • 100% of the SI on the death of the insured due to an accident 
  • 50%-100% of the SI for permanent total disablement 
  • Up to 70% of the SI for permanent partial disablement
  • Weekly cash benefits for temporary total disablement
  • Up to 100% of the SI for fractures and broken bones 
  • Up to 100% of the SI towards an education benefit for the insured’s children 
  • Coverage for: 
  • In-patient hospitalization expenses 
  • Ambulance charges 
  • Funeral and transportation expenses 
  • Daily hospital cash 
  • 10 optional add-on covers including:
  • Life support assistance cover 
  • Loan protector cover 
  • Double indemnity cover

Raheja QBE’s Personal Accident Policy offers: 

  • 100% of the SI on the accidental death of the insured
  • 100% of the SI for permanent total disablement
  • Up to 75% of the SI for permanent partial disablement 
  • Rs. 5,000 per week for temporary total disablement 
  • Rs. 5,000 towards the education of the insured’s dependent children 
  • Compensation in case of loss of employment due to permanent total disablement
  • Rs. 2,500 for the funeral, cremation, and family transportation expenses
  • Reimbursement of hospitalization expenses 
  • Daily hospital cash 

COVID-19 Insurance: 

Both Liberty Health Insurance and Raheja QBE Health Insurance offer insurance policies for COVID-19 treatment. These include: 

  1. The Corona Kavach Policy, that offers:
  • SI amounts up to Rs. 5,00,000
  • Coverage for: 
  • Pre and post-hospitalization
  • In-patient hospitalization 
  • Domiciliary (home) hospitalization 
  • AYUSH treatments 
  • Comorbidity treatment 
  • Ambulance charges 
  1. The Corona Rakshak Policy (only offered by Liberty Health Insurance), that offers: 
  • SI amounts up to Rs. 2,50,000
  • 100% payout of the SI on the diagnosis of COVID-19 and a minimum requirement of 72 hours of continuous hospitalization of the insured. 

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