Niva Bupa (Max Bupa) Health Insurance vs Raheja QBE Health Insurance

If you are someone who knows how to ride a bicycle, your earliest memory might be of your parents telling you to put on your helmet before going for a ride. The helmet might have felt like a hassle at first, but then be your rescuer in case you had a nasty fall. This simple precautionary tool protects you against big mishaps. In the same way, a simple health insurance policy can be of huge help during a health crisis. If you read this comparison guide of Max Bupa Health Insurance and Raheja QBE Health Insurance, you can learn how.  

Niva Bupa (Max Bupa) Health Insurance vs Raheja QBE Health Insurance – Overview 

Parameter Max Bupa Health Insurance Raheja QBE Health Insurance
No. of health insurance policies 10+ 10+
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locatorAssistive chat services Policy salePolicy renewalClaim settlementBranch locatorOnline consultation24x7 customer service
Branches 25+ 12+
Claim settlement ratio (CSR) 92% 83%
Cashless claim settlement time 30 minutes  Unspecified
Hospital network 5,000+ 5,000+

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

Health Insurance Policies: Niva Bupa (Max Bupa) Health Insurance vs Raheja QBE Health Insurance

Max Bupa Health Insurance and Raheja QBE Health Insurance offer over 10 health insurance policies to cater to the needs of individuals, small and large families, senior citizens and corporate groups. They have insurance policies to fit each one’s budget and health needs. 

Family Floater Policy: 

All health insurance policies from Max Bupa Health Insurance and Raheja QBE Health Insurance are available on an individual and family floater basis. However, there are separate family-centric policies offered by the two insurance companies. 

For Max Bupa, these include 8 Family Health Insurance Policies: 

  • GoActive
  • MoneySaver 
  • HeartBeat
  • Health Pulse 
  • Health Premia
  • Health Companion
  • SuperSaver 
  • ReAssure 

These policies offer: 

  • Sums insured (SI) up to Rs. 3,00,00,000
  • Coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses
  • Domiciliary (home) hospitalization expenses 
  • AYUSH treatments that include:
  1. Ayurveda
  2. Siddha
  3. Unani
  4. Homeopathy 
  • Organ donor expenses 
  • Daycare procedures
  • Maternity care expenses
  • Newborn baby care 
  • Advanced treatments 
  • OPD consultations
  • Diagnostic tests 
  • Ambulance charges 
  • Daily hospital cash 
  • Health check-up

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

  • 4 sub-policies – Basic, Comprehensive, Super Saver, and Ala Carte Plan
  • SI up to Rs. 50,00,000
  • Indemnification of:
  • Pre and post-hospitalization expenses
  • In-patient hospitalization expenses 
  • Domiciliary hospitalization expenses 
  • Organ donor transplant expenses 
  • AYUSH treatment expenses 
  • Coverage for:
  • Daycare procedures
  • Health check-up 
  • Non-medical items 
  • Daily hospital cash benefits 
  • Dental treatment needed due to a disease/ injury
  • Pre-existing diseases after completion of the waiting period

Personal Accident Insurance: 

Max Bupa’s Personal Accident Policy offers: 

  • Worldwide coverage 
  • SI up to Rs. 5,00,00,000
  • 100% of the SI on the demise of the insured due to an accident 
  • 125% of the SI on permanent total disability 
  • Up to 100% of the SI for permanent partial disability 
  • Weekly cash benefits for temporary total disability 
  • Coverage for:
  • Education costs of the insured’s dependent children
  • In-patient hospitalization expenses  
  • Physiotherapy expenses 
  • Diagnostic tests expenses 
  • Funeral expenses 

Raheja QBE’s Personal Accident Policy offers: 

  • 100% of the SI on the demise of the insured due to an accident
  • 100% of the SI for permanent total disability 
  • Up to 75% of the SI for permanent partial disability 
  • Rs. 5,000 per week for temporary total disability 
  • A job loss benefit (caused due to a permanent total disability) 
  • Coverage for: 
  • Education fund for the insured’s dependent children 
  • Rs. 2,500 for funeral expenses
  • Rs. 1,000 for transportation expenses 
  • In-patient hospitalization expenses 
  • Up to Rs. 1,000 for damaged clothing 
  • Daily hospital cash benefits of Rs. 500 

Arogya Sanjeevani Insurance: 

The Arogya Sanjeevani Policy is a standard and affordable insurance policy offered by all insurers across India, including Max Bupa Health Insurance and Raheja QBE Health Insurance. It shares similar features and offers:  

  • SI up to Rs. 5,00,000 
  • Coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses 
  • Domiciliary hospitalization expenses 
  • Daycare procedures and AYUSH treatments 
  • Cataract treatment expenses 
  • Ambulance costs up to Rs. 2,000 per hospitalization 
  • Daily hospital cash benefits

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