Reliance Health Insurance vs IFFCO Tokio Health Insurance

If you could go back in time to two to three years back, would you get health insurance for yourself and your loved ones? If yes, then it is not too late to do so. However, as a health insurance policy comes with a waiting period of 2-4 years before you receive any healthcare benefits, it is always a good idea to purchase it beforehand. So when any health crisis strikes, you will be ready to tackle it. Use this Reliance Health Insurance and IFFCO Tokio Health Insurance comparison guide as the first step towards your health care journey. 

Reliance Health Insurance vs IFFCO Tokio Health Insurance – Overview 

Parameter Reliance Health InsuranceIFFCO Tokio Health Insurance
No. of health insurance policies10+10+
E-servicesPolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer servicePolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support
Branches130+20,000+
Claim settlement ratio (CSR)94%92%
Hospital network7,000+5,000+

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

Health Insurance Policies: Reliance Health Insurance vs IFFCO Tokio Health Insurance

Both Reliance Health Insurance and IFFCO Tokio Health Insurance offer over ten health insurance policies catering to diverse health needs. They have a CSR of above 90% – so chances of getting your claim settled are high with either of the two insurers. 

Personal Accident Insurance: 

Reliance Health Insurance’s Personal Accident Policy provides: 

  • Worldwide accident insurance protection
  • Sums insured (SI) up to Rs. 20,00,000
  • 100% of the SI on the accidental death (of the insured) 
  • 100% of the SI on permanent total disablement 
  • Up to 75% of the SI on permanent partial disablement 
  • An education cash benefit for the insured’s children 
  • Reimbursement of in-patient hospitalization expenses 
  • Up to Rs. 2,500 for transportation expenses 
  • Coverage for carriage of the deceased insured 

IFFCO Tokio’s Personal Accident Policy provides: 

  • SI up to Rs. 15,00,000
  • 100% of the SI on accidental death (of the insured) 
  • 100% of the SI on permanent total disablement 
  • Up to 50% of the SI on permanent partial disablement
  • Weekly cash allowances up to Rs. 25,000 on temporary total disablement 
  • Up to Rs. 25,000 towards an education fund for the insured’s children  
  • Up to Rs. 15,000 towards job support 
  • Up to Rs. 1,000 towards ambulance charges 

Family Floater Insurance: 

Reliance Health Insurance offers two Health Gain and Health Wise – two Family Floater Policies. They provide: 

  • SI up to Rs. 18,00,000
  • Coverage for: 
  • Pre and post-hospital care
  • In-patient hospital care 
  • Domiciliary (home) hospital care
  • Nursing care benefits 
  • Daycare procedures
  • Organ donor expenses 
  • AYUSH treatments: 
  1. Ayurveda
  2. Unani
  3. Siddha
  4. Homeopathy 
  • Critical illness treatment 
  • Advanced technology treatments 
  • Pre-existing diseases after 3 years 
  • Ambulance charges up to Rs. 1,500 
  • Convalescence benefits 
  • Wellness benefits
  • Automatic restoration of the SI 

IFFCO Tokio offers three Family Floater Policies – Health Protector, Family Health Protector and Swasthya Kavach. 

They provide: 

  • SI to Rs. 30,00,000
  • Coverage for: 
  • Pre and post-hospital care
  • In-patient hospital care
  • Domiciliary  hospital care
  • Nursing care benefits  
  • AYUSH treatments 
  • 160+ daycare procedures 
  • Organ donor expenses 
  • Critical illness treatment 
  • Vitamins, tonics, and medicines 
  • Vaccination charges 
  • COVID-19 treatment 
  • Emergency assistive services 
  • Ambulance charges up to Rs. 3,000
  • 100% restoration of the SI 

Daily Hospital Cash Insurance:

Reliance Health Insurance’s Daily Hospital Cash Policy provides:

  • Daily cash benefits up to Rs. 4,000 for up to 60 days of hospitalization 
  • Double the benefit amount for 15 days of intensive care unit (ICU) hospitalization 
  • SI up to Rs. 10,00,000 for surgical procedures such as:
  • Heart transplant
  • Lung transplant 
  • Coronary artery grafting 
  • Major organ transplant 
  • Bone marrow transplant
  • Up to Rs. 50,000 for daycare surgeries and treatments 
  • Up to Rs. 20,000 for surgeries not listed in the policy
  • Up to Rs. 20,000 for malaria, dengue, and chikungunya 

IFFCO Tokio’s Daily Hospital Cash Policy provides:

  • Daily cash benefits up to Rs. 5,000 for up to 180 days of hospitalization
  • Double the benefit amount for ICU hospitalization
  • A one-time lump-sum cash benefit for daycare surgeries and procedures 
  • Daily cash for 12 advanced technology treatments

Related Posts: