🚀 Fincover® App is Now Live!
Join 10 Million+ users on web – now available on mobile!
Last updated on: August 7, 2025
The Bajaj Allianz Health Guard Family Floater Gold Plan and the Care Freedom Plan are popular health insurance options, but they cater to different needs. The Bajaj Allianz plan offers comprehensive coverage for families, including hospitalization, day-care procedures, pre- and post-hospitalization expenses, and maternity benefits, with sum insured options up to ₹1 crore. It is ideal for those seeking robust protection and broader benefits. On the other hand, the Care Freedom Plan is tailored for individuals with pre-existing diseases or senior citizens, offering coverage without medical check-ups and shorter waiting periods, but with lower sum insured options. Ultimately, choose Bajaj Allianz for holistic family protection and higher coverage limits, or opt for Care Freedom if you have health conditions or are an older individual seeking simplified enrollment.
Author
Read Bio
Reviewed by
Read Bio
One of the largest decisions of Indian families nowadays is to choose health insurance. With the increasing medical expenses annually, plans such as the Bajaj Allianz Health Guard Family Floater Gold and Care Freedom Plan are gaining a tremendous popularity. Which of them suits better the needs of your family in 2025? This critical comparison will encompass all the salient points so that you make an informed decision.
We will take a glance at the key characteristics, benefits, drawbacks, premium data, the benefits of pre-existing conditions, actual user examples, and professional opinions on these two industry-leading health insurance plans.
Bajaj Allianz and Care Health are household names in the field of health insurance in India. Both of these plans are family-specific plans with slightly different target audiences.
Bajaj Allianz Health Guard Family Floater Gold Plan is an insurance health premium that covers all major and minor medical cover such as hospitalization, surgeries and day care procedures. It best fits the families who need a wide coverage.
Care Freedom Plan by Care Health Insurance targets individuals and families in which their members can already possess such health-related conditions like diabetes or hypertension. It is a comprehensive cover that does not require pre-policy medical tests to some age brackets.
Professional Opinion: Health insurance advisors recommend that one should compare policy inclusions, pre-existing disease coverage, waiting periods and cashless hospital network before purchasing family floater health insurance.
The plan has a solid coverage that can be used by new and experienced buyers of health insurance.
This is a plan that is particularly appropriate to individuals who already have health issues.
Did you know? Care Freedom Plan is among the few in India specifically designed to suit diabetes patients and hypertension and has had the advantage of shorter waiting time and no medical checkup requirement on entry to the facility in many age categories.
| Feature/Aspect | Bajaj Allianz Health Guard Family Floater Gold | Care Freedom Plan by Care Health. |
|---|---|---|
| Sum Insured (2025) | 150,000 to 1 crore | 300,000 to 10,000. |
| Entry Age | 18 - 65 years (adults) | 18 - 75 years (adults) |
| Illness coverage that exists prior to the age of | 3 years | After 2 years |
| Room Rent Limit | Single room, private room, Shared room, covered room-up limits. | |
| Cashless Hospital Network | 8,000+ | 11,000+ |
| No Claim Bonus | Up to 100 percent | Up to 50 percent |
| Maternity Cover | Yes (Gold version) | No. |
| Free Yearly Health Checkup | Yes | Yes. |
| DCT Treatment | All covered | All covered |
| Day 1 coverage of PEDs | No | Only on select conditions. |
| Dialysis Cover | No | Yes |
| Lifelong Renewability | Yes | Yes. |
| Approx Annual Premium (Age 35 years old family of 4) | INR 15,000 -32,000 | INR 18,500 -29,000 |
Premiums may vary according to sum insured, location and others.
Indians also enquire: Does India have any family floater plan that has no limit on the amount of room rented to it?
Response: Having high-value floater plans of only a few insurers such as Bajaj Allianz makes single room coverage of a private room usable, and it essentially eliminates restriction of room rent on most hospital admissions.
The two plans cover the pre-existing diseases, but there are significant differences.
Bajaj Allianz Health Guard Gold: Waiting period of all pre-existing ailments is three years. The fourth policy year has a coverage. Best with families that are currently without any major health issues.
Care Freedom: Wait on pre-existing conditions (two years on most). In the cases of diabetes and hypertension, there is a day 1 coverage of related hospitalization. Targeted at people who already possess lifestyle illnesses.
Case Study:
Both Mr. and Mrs. Sharma, who are aged 48 years, have hypertension. Bajaj Allianz Gold would take 3 years to meet expenses of hypertension related hospitalization. Under Care Freedom, any claims using hypertension are covered after 2 years with some claims covered on the first day.
The amount of premiums is based on age and health conditions of family members. In the case of a common nuclear family of Indians (parents age 36, 34, children 8, 5) who want the sum insured to be 5 lakh:
Premiums may be different when the family has elders, includes pre-existing diseases and when they would like to have higher sum of insured.
Did you know? You may compare such plans and real time premiums by using reputed online market places. They display list of all insurers together so that it will be easy to select one.
The insurers have cashless claims at their hospital networks. The procedure resembles in general:
One of the most common characteristics among Bajaj Allianz is the seemingly quick provision of claims, and care support services via the Internet, whereas Care Health has already spread to Tier II and Tier III cities.
Cashless hospitalization is also one of the questions that are raised by people with both Bajaj Allianz and Care Health.
Response: YES, they are both cashless in thousands of hospitals across India. Always verify the availability of network at the local area first before purchasing.
The leader in terms of senior citizens and the population with lifestyle disorders (diabetes, hypertension, high cholesterol) is Care Freedom:
Bajaj Allianz Gold is apt in the case of families with no major pre-existing illnesses and require the greater coverage and optional maternity benefits.
There is no total freedom in the health plans. Significant exclusions and limits in 2025 are:
Bajaj Allianz Gold:
Care Freedom:
Hint: Care to read the policy wording to be aware of what is and is not covered or request a summary document to help you make a decision.
Online marketplaces are useful when it comes to comparing health insurance in 2025. They let you:
This helps in time saving and eliminates bias on sales by insurers of the offline channel. Trusted and approved web portals of agents who are licensed by IRDAI.
Did you know? A lot of online aggregators now provide help me choose services, in which a licensed professional calls you and explains plan options and the best fits your family.
We will consider the family of Verma, in Pune:
Under Bajaj Allianz Gold, the complications of Mr. Verma diabetes are paid after 3 years of disease and medical examinations may be compulsory because of his diabetes. Family premium is about INR 23,000.
Under Care Freedom, Mr. Verma coverage of diabetic is covered in some hospitalization on day 1 and all on 2 years. Premium is marginally lower, INR 25,500, but the documentation is less hassling.
In the case of healthy adults and children, Bajaj Allianz is cheaper and provides maternity cover whereas Care Freedom is more appropriate in the cases of existing illnesses within the immediate family.
Q1: Is it possible online to purchase family floater health insurance and insure the parents and children together?
A: Yes. Both these plans can cover self, spouse, dependent children, and parents on one policy - based on entry age. Compare and shop online.
Q2: What is required to have claim reimbursement?
A: Bills, discharge summary, investigation reports, and ID proof. In the case of cashless claims, only policy card and ID are normally required in the hospital.
Q3: Does the two plans cover AYUSH or alternative treatment?
A: Yes, Bajaj Allianz Gold and Care Freedom will cover Ayurveda, Yoga, Unani, Siddha, and Homeopathy on the policy sum insured as indicated under the IRDAI rules.
Q4: Which is the plan with shorter waiting time on chronic diseases?
A: Care Freedom requires a two-year waiting period on pre-existing conditions, which is shorter than the three-year wait on pre-existing conditions in other insurers, which partially covers diabetes and hypertension hospitalization on day one.
Q5: Does it have a seamless relationship with these insurers in claims settlement?
A: Both Care Health Insurance and Bajaj Allianz are judged to be more trusted insurers to make claims to, yet it is advisable to check the claim settlement ratios in the recent past and read actual customers online reviews.
The comparison between Bajaj Allianz Health Guard Family Floater Gold Plan and Care Freedom Plan is not only on the premium, but also on matching features, exclusions, and benefits to the health and age profile of your family. Bajaj Allianz Gold covers more and additional maternity benefits to young and healthy families. The Care Freedom Plan bridges the loopholes that most standard plans do not close, especially those with elders or with chronic conditions such as diabetes.
Nevertheless, to make the right choice, always read the policy terms, find out whether there are any hospital networks in your region, and take into consideration the medical history of your family, and make a correct comparison with the help of trusted online marketplaces.
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).
Loved by 1M+ users (web). Start your financial journey today!
