Buying insurance in India is not seen as one of the most important things by most people. However, in the kind of situation we are in, purchasing a health insurance policy is a prudent idea. As a matter of fact, once you have a health insurance policy, you do not have to be bothered about the hospital bills anymore. If need be, you can get hospitalized, receive the required treatment, and come back to your home. The hospital bill will be settled between the hospital and the insurance company.
Nevertheless, while you make up your mind about buying a health insurance policy, the toughest part is deciding which one to go for. The market is flooded with health insurance policies from several insurance companies. If you too are confused about it, then it is better to compare some of them and make a decision. Therefore, let us today make a comparison between two insurance companies and see which one is more suitable for you. The two of them are Star Health Insurance and New India Assurance Health Insurance.
Star Health Insurance vs New India Assurance Health Insurance
These are two well-known insurance companies that are known for offering some of the best products. However, before choosing any particular product from any of them, let us discuss the differences between these two.
The number of health insurance policies: Star Health Insurance offers more than 10 health insurance policies, and so does New India Assurance Health Insurance.
E-services: For both Star Health Insurance and New India Assurance Health Insurance, you can have access to 24X7 customer help for services like policy renewal, policy sale, branch locating, claim settlement, and online consultation.
The number of branches: Star Health Insurance has more than 600 branches in the country, while New India Assurance Health Insurance has over 1000 branches in India.
Claim Settlement Ratio (CSR): This is certainly one of the most important things to know about an insurance company. The CSR of Star Health Insurance is 90% and the CSR of New India Assurance Health Insurance is 95.92%.
Cashless claim settlement time: The time taken for settling cashless claims for policyholders of Star Health Insurance is 2 hours, while for policyholders of New India Assurance Health Insurance is not specified.
Hospital network: Before you finalize a certain insurance company, you need to know about the network hospitals it has. Star Health Insurance has more than 9000 network hospitals while New India Assurance Health Insurance has more than 1500 network hospitals.
Both of these insurance companies provide health insurance policies for people who come from rural areas. You can also find some of the most pocket-friendly health insurance policies that are offered by these two insurance companies. As a matter of fact, one of the health insurance policies of New India Assurance Health Insurance also supports treatment for mental illness and stress, while you can get Cancer Care Policy from Star Health Insurance which provides a sum insured amount of up to INR 5,00,000.
Now that you know the differences between these two companies, you can go ahead with any one of them. You can also check out the various health insurance policies that these two companies provide choose the one that suits your needs. To find the health insurance policies, you can visit the website of IIFL. Apart from these two insurance companies, there are several other options as well that you will come across. And you can even find term insurance policies too in the website of IIFL. Now, spare some time and visit the website to find the best health insurance policy for yourself and your family.
