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Last updated on: May 20, 2025
When comparing Bajaj Allianz Health Insurance and Chola MS Health Insurance, both offer comprehensive health coverage, cashless hospitalization, and a network of hospitals across India. Bajaj Allianz is distinguished by its wide-ranging plans, high claim settlement ratio, and extensive digital services for policy management, appealing to tech-savvy customers. Chola MS, on the other hand, is known for its affordable premiums and focused customer support, making it attractive for budget-conscious policyholders. While Bajaj Allianz may offer greater customizability and add-on options, Chola MS typically provides simpler policies with smooth claim processes. Ultimately, your choice should depend on specific needs—such as coverage extent, premium budget, and customer service expectations—with Bajaj Allianz better for comprehensive needs and digital convenience, and Chola MS excelling in affordability and personalized assistance
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Read BioHealth insurance is now a need of Indian families, considering the increasing medical expenses. Bajaj Allianz Health Insurance and Chola MS Health Insurance are some of the most popular providers. The plans provided by both companies include coverage of hospitalisation, critical illness, family floater plans, and a wide range of hospitals. However, when you are going to make a choice in 2025, how do you make a decision that one is best suited to you?
We provide a clear, detailed comparison of Bajaj Allianz and Chola MS health insurance policies, including all key features, advantages and disadvantages, prices, and frequently asked questions–so you can make an informed decision.
Bajaj Allianz Health Insurance is a joint venture between Bajaj Finserv Ltd and Allianz SE. With its customer-focused approach, innovative products, and extensive hospital network, Bajaj Allianz has gained popularity among individuals and families.
Chola MS Health Insurance is a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan. It is also known to have a simplified claim settlement process and low premiums which are more convenient to young professionals and first-time buyers.
Fun Fact:
More than a quarter of policy purchasers in 2024-25 favored insurers that have digital claim settlement, according to the Insurance Regulatory and Development Authority of India.
Bajaj Allianz has some strong health insurance covers to consider in 2025. These are key highlights:
The philosophy of Chola MS is low premiums and fast settlement. A summary of what 2025 buyers can expect:
Expert Insight
“Digital-first insurers with quick claims and wider network coverage saw a 37 percent rise in customer satisfaction scores in the last year," says a leading insurance market analyst.
| Feature | Bajaj Allianz | Chola MS |
|---|---|---|
| Network Hospitals | 6500+ | 10,000+ |
| Claim Settlement Ratio (2024) | 97 percent | 96 percent |
| Pre-existing Disease Waiting | 2-4 years | 2-3 years |
| Renewal Age | Lifetime | Lifetime |
| Access to | 24x7 | 10 am-7 pm |
| Maximum Sum Insured | Up to 2 crore | Up to 25 lakh |
| Premium of 5 lakh, Age 30 | Rs 7,500 per year | Rs 5,300 per year |
| Wellness Rewards/App | Yes | Limited |
| Maternity Coverage | Yes (in select plans) | Optional add-on |
| Free Health Check-up | Yes | Yes |
| Digital Claim Process | Yes | Yes |
Quote of a healthy non-smoking male, Delhi, 2025
How do I compare Bajaj Allianz and Chola MS health insurance?
Comparing these two providers in 2025, pay attention to:
Annual premiums are important to understand by Indian policyholders, particularly when planning a family or business budget. Here’s an illustrative comparison for a 30-year-old male (non-smoker), opting for a Rs 10 lakh sum insured, individual policy:
| Insurance Provider | Premium (Yearly, INR) | Coverage | Network Hospitals |
|---|---|---|---|
| Bajaj Allianz | Rs 11,200 | Comprehensive | 6500+ |
| Chola MS | Rs 7,900 | Basic with add-ons | 10,000+ |
This shows Chola MS is more affordable, but Bajaj Allianz provides higher sum insured (and optional riders) to match higher healthcare costs in metro areas.
There are more than 30 insurers that offer a variety of health plans, and it is now easier to compare policies. You can go to good online marketplaces to:
These platforms are a one-stop shop to health insurance shopping in 2025 and can help guarantee you pay the best price with the right coverage.
In Mumbai, the Kumars (parents in early 40s, two children) needed health cover. Their primary criteria:
After comparing features and costs online, they found Bajaj Allianz’s Health Guard Family Floater suited them with better wellness perks and network hospitals. Their relatives in small towns, however, chose Chola MS because of the broader rural hospital network and lower premiums.
Which insurer has a better availability of network hospitals in rural areas?
Chola MS covers more than 10,000 listed hospitals, particularly in remote and tier-2 or 3 locations. Bajaj Allianz has good presence in metros and big cities.
Fun Fact:
In 2025, the proportion of health claims settled cashless at network hospitals in India was more than 70 percent, indicating an increase in digital adoption.
Both Bajaj Allianz and Chola MS have a good claim settlement ratio and have good digital claim processes. The difference is, however, in customer service and experience:
In 2024, Bajaj Allianz was marginally better in metro cities and Chola MS had better customer satisfaction ratings in the rural areas as per independent surveys.
The similar exclusions by both insurers include cosmetic procedures, injuries caused by illegal activities, and treatments not advised by a doctor. Bajaj Allianz is the only company that has longer waiting periods on some of the lifestyle diseases on some of its plans. Chola MS is more restrictive on sub-limits on cheaper plans.
Is it possible to transfer my policy between Bajaj Allianz and Chola MS?
Yes, you can transfer health insurance between one insurer to another according to the IRDAI rules. This enables one to continue the accrued benefits like waiting period credits.
Expert Insight
Bajaj Allianz is the best in terms of maximum coverage and urban hospitals. Chola MS is a good option among affordable health insurance to young families or rural dwellers in 2025, says a health insurance broker.
Both are the leading health insurance providers in India by 2025. Compare premium, features, and network coverage using online marketplaces and then make a final decision.
Which company will have a superior claim settlement ratio in 2025?
The two are over 95 percent. Bajaj Allianz 97 percent, Chola MS 96 percent in 2024.
Is it possible to Cancel Bajaj Allianz or Chola MS health insurance online?
Both have paperless online purchasing, instant quotes, and online policy issuance.
Does Bajaj Allianz and Chola MS insurance cover COVID and critical illnesses?
Most plans cover COVID-19 when hospitalisation is needed. Both insurers offer critical illness cover as an add-on rider.
Who is Chola MS Health Insurance suitable to?
Young professionals, low-claim families, and those who require greater access to rural hospitals at affordable premiums.
Does it include an annual health check-up?
Both have free or discounted annual health check-ups based on plan and sum insured.
How could we improve this article?
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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