Comparison of Apollo Munich Dengue Care and Bajaj Allianz Tax Gain can be done on the basis of the incurred claims ratio of the insurance providers. For the year 2013-14, this ratio for insurer of plan 1 was 65.59 % whereas it was 86.60 % for the 2nd insurer. Apollo Munich Dengue Care is of the type critical illness insurance and Bajaj Allianz Tax Gain is of the type family floater insurance.
Eligibility Criterion of an insurance plan defines the minimum and maximum entry age for that particular plan. Policy holder has to be atleast 18 Years old to buy either of the plans. Maximum entry age for 1st policy is 65 Years while for 2nd policy, it is 75 Years. Some plans also provide cover for dependent children. Entry ages for dependent children are specified in the policy brochures.
Covers in Bajaj Allianz Tax Gain and Apollo Munich Dengue Care include Hospital Cover and Medical Cover. In 1st policy, pre- hospitalization charges are Covered up to 15 Days while in 2nd policy, these charges are Listed in your Policy Schedule .OPD charges are covered under 1st policy and also covered under 2nd policy. Many health insurance plans also provide compensation for day care procedures and domiciliary hospitalization.
Apollo Munich Dengue Care and Bajaj Allianz Tax Gain Medical Cover provides compensation against medical charges required for ambulance, blood or oxygen supply, nursing, etc. Fees of a medical practitioner are covered in plan 1 while they are not covered plan 2. Ambulance charges upto some amount are covered under most of the health insurance plans.
Benefits under these plans are No Claim Bonus, Health Checkup allowance, AYUSH treatment allowance, etc. Many health insurance providers offer a bonus if no claim is made during the policy year. The bonus value is a percentage of basic sum assured. AYUSH Treatment is composed of Ayurvedic, Unani, Sidha and Homeopathic treatment. Many health insurance plans also provide compensation for maternity expenses. Critical illness cover is provided under plan 1 whereas, it is not provided under plan 2.
Grace period and Free look period are a part of terms and conditions of a health insurance plan. Generally grace period provided is of 30 days and free look period provided is of 15 days. Some insurance providers apply higher premium rates based on claim based loading formula. Cover of pre-existing diseases, if provided, usually starts after 48 months from the date of purchase of the insurance plans.
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