ICICI Lombard vs Niva Bupa Health Insurance: What's Better?
Choosing the right health insurance is a big step toward a secure future. This decision can be difficult to make in a market full of promises. ICICI Lombard and Niva Bupa stand out as two heavyweights. Both offer solid plans, wide coverage, and trusted service. However, they differ in key areas like network hospitals, types of plans, and more. Read this comparison of ICICI Lombard vs Niva Bupa Health Insurance to find the one that suits your health needs in better manner.
Key Highlights
- ICICI Lombard and Niva Bupa health insurance provide wide hospital coverage.
- Both companies offer cashless treatment across networks.
- It’s important to assess your healthcare needs before finalizing between ICICI Lombard and Niva Bupa.
- Compare your budget and select the insurer that offers the best value.
ICICI Lombard Health Insurance
ICICI Lombard is one of India’s leading private general insurance companies with over 20 years of experience. It offers a wide range of insurance products, including motor, health, and personal accident policies. ICICI health insurance plans provide complete coverage for medical needs, including treatments for critical illnesses, pre and post-hospitalisation, daycare procedures, and ambulance services. The company has a large network of hospitals offering cashless treatment across India. Its health insurance plans start at just Rs. 20/day, with instant policy issuance and quick claim approval.
Niva Bupa Health Insurance
Niva Bupa is a customer-focused health insurance provider in India backed by Bupa Singapore Holdings. Niva Bupa health insurance plans come with added benefits like 24/7 support through its Insta Assist service and Health App. The company offers a variety of plans for families, individuals, and senior citizens. Niva Bupa focuses on delivering the best healthcare experience with extensive coverage options. It offers fast claim processing and wellness services to ensure comprehensive health protection.
ICICI Lombard vs Niva Bupa Health Insurance: Tabular Comparison
Below are some of the key parameters that will present a clear picture of the services offered by ICICI Lombard and Niva Bupa.
|
Parameters |
ICICI Lombard |
Niva Bupa |
|
10,300+ |
10,000+ |
|
|
Incurred Claim Ratio (ICR) |
78.85% |
59.02% |
|
Solvency Ratio |
2.62 |
2.55 |
|
|
|
|
App Support |
IL Take Care App |
Niva Bupa Health App |
|
Yes |
Yes |
|
|
Available |
Available |
|
|
Pre/Post-Hospitalization Cover |
Available |
Available |
|
AYUSH Treatment |
Available |
Available |
|
No Claim Bonus |
Available |
Available |
|
Available under Section 80 D, 1961 |
Available under Section 80 D, 1961 |
Health insurance is a long-term partner in your well-being. That’s why the choice of the insurer and the plan can’t be made in a hurry. Take time to carefully compare Niva Bupa health insurance plans and ICICI health insurance plans. It’s also important to look beyond the coverage and consider factors like the company’s stability, claim process, service quality, and support. Ultimately, the right insurer and health plan should offer financial protection and confidence for the years to come.
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