Comparison of Apollo Munich Dengue Care and Bharti Axa Smart Health Critical Illness Insurance 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 86.32 % for the 2nd insurer. Apollo Munich Dengue Care and Bharti AXA Critical Illness Insurance are of the type critical illness insurance.
Eligibility Criterion of an insurance plan defines the minimum and maximum entry age for that particular plan. To buy Apollo Munich Dengue Care, potential buyer has to be atleast 18 Years old while to buy Bharti AXA Critical Illness Insurance, he has to be atleast Not Available old. Maximum entry age for 1st policy is 65 Years while for 2nd policy, it is 55 Years. Some plans also provide cover for dependent children. Entry ages for dependent children are specified in the policy brochures.
Covers in Bharti AXA Critical Illness Insurance 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 Not Available .OPD charges are covered under 1st policy but not covered under 2nd policy. Many health insurance plans also provide compensation for day care procedures and domiciliary hospitalization.
Apollo Munich Dengue Care and Bharti Axa Smart Health Critical Illness Insurance 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 and also, it is 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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