New India Health Insurance vs Edelweiss Health Insurance
Buying a health insurance policy suited to your needs and financial capacity is very convenient these days. There are several insurance companies offering policies at highly competitive rates. With a little research and comparison, you can find your ideal health plan. You can start with this New India Health Insurance and Edelweiss Health Insurance comparison.
New India Health Insurance versus Edelweiss Health Insurance – Overview
| Parameter | New India Health Insurance | Edelweiss Health Insurance |
| Number of health insurance plans | 10 | 6 |
| E-services | Policy sale Policy renewal Claim settlement Branch locator Online consultation 24×7 customer support | Policy sale Policy renewal Claim settlement Branch locator Online consultation 24×7 customer support |
| Branches | 1000+ | 10+ |
| Incurred claim ratio | 103% | 70% |
| Hospital network | 1,500+ | 2,570+ |
Source: IRDAI Annual Report, 2018-19
Health Insurance Policies: New India Health Insurance versus Edelweiss Health Insurance
New India Health Insurance offers 10 health insurance policies for individuals, families, and senior citizens. The policies cover accidents, critical illnesses, and COVID-19, among other eventualities.
Edelweiss Health Insurance provides 6 health insurance policies on an individual and family floater basis. Their policies cover accidents, critical illnesses, and COVID-19, and other medical conditions.
Here’s a comparative account of New India Health Insurance and Edelweiss Health Insurance companies’ three health policies. Take a look at the offerings and pick the one that best fits your requirements.
Individual and Family Health Insurance Policy:
New India Health Insurance’s policies can be availed on an individual and family floater basis. Its family-centric insurance policies – New India Mediclaim Policy, Premier Mediclaim Policy, and Floater Mediclaim Policy, feature:
- Coverage for policyholder, spouse, dependent parents and dependent children
- Reimbursement for pre, post and in-hospitalization and daily hospital cash allowance
- Indemnification for 130+ day-care procedures and alternate (AYUSH) treatment
- Critical illness cover, Maternity and newborn cover
- Payouts for cataract treatment
- Cover for psychiatric treatments (Premier Mediclaim Policy)
Edelweiss Health Insurance’s individual and family-centric health insurance policies offer:
- 3 sub-plans (Platinum, Gold and Silver) with varying sum insured (SI) amounts
- Reimbursement for pre, post and in-hospitalization and domiciliary hospitalization
- Indemnification for day-care procedures, alternate treatment and organ donor transplantation
- Cover for critical illnesses in the Gold and Platinum health plan
- Maternity benefit (up to Rs.2 lakhs) and recovery benefit (from the day of hospitalization)
Arogya Sanjeevani Policy:
An Arogya Sanjeevani Policy is a standard health plan offered by insurance providers all over India according to the IRDAI’s mandate. The policy aims to make health insurance affordable for every sector of the Indian society.
New India Health Insurance’s Arogya Sanjeevani Policy offers:
- SI amounts between Rs.1 lakh – Rs.5 lakhs
- Inclusion of pre, post and in-hospitalization
- Coverage for alternate treatment and dental treatment due to an illness/injury
- 25% SI for cataract treatment
- 50% SI for modern treatments
- Reimbursement for mental health conditions
- Waiver of pre-policy medical test
Edelweiss Health Insurance’s Arogya Sanjeevani Policy offers:
- SI amount between Rs.1 lakh- Rs.5 lakhs
- Reimbursements for pre, post and in-patient hospitalization and alternate treatment
- 25% SI for cataract treatment
- Cumulative bonus of 5% for a claim-free year
- Coverage for pre-existing diseases (subject to a 48-month gestation period)
- No upper-age cut off and lifelong renewability
Corona Kavach Policy:
In the wake of COVID-19, the IRDAI has directed all insurance providers in India to provide coverage against the disease. New India Health Insurance and Edelweiss Health Insurance offer similar benefits in their Corona Kavach Policies. They include:
- SI amounts between Rs.50 thousand – Rs.5 lakhs
- Indemnification for pre and post hospitalization expenses
- Coverage for homecare treatment and alternate AYUSH treatment
- Policy terms of 3.5, 6.5 and 9.5 months
Additionally, New India Health Insurance offers a 5% discount to females, while Edelweiss provides a 25% discount on the premium. It also waives off the requirement for a pre-policy medical test for individuals below 61 years of age. You should always read the insurance policy wordings carefully before buying one. That way, you won’t miss out on any exclusions/ limitations. For further help, you can contact a professional insurance expert to purchase health insurance.
