Bajaj Allianz Tax Gain and Future Generali Cancer Protect Comparison
Bajaj Allianz Tax Gain and Future Generali Cancer Protect comparison can be made on the basis of the incurred claims ratio of their insurance providers. Incurred claims ratio of insurer of plan 1 is 86.60 % while it is 84.45 % for insurer of plan 2. Incurred claims ratio is defined as money spent on claim settlement as opposed to money earned through premiums. This ratio is published each year by IRDA. The figure mentioned here is for the year 2013-14.
One other feature for finding a better plan is number of network hospitals covered under it. Number of network hospitals covered under plan 1 is 3000 + while it is 4200 + under plan 2. One can avail cashless hospitalization if patient is admitted in a network hospital. That is, the hospital bills are directly settled by the insurance company and the policy holder does not have to pay anything from his pocket.