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Steps to Find Best Health Insurance Company in India 2025
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Do you know how many health insurance companies are there in India?
More than two dozen! Each company offers a variety of health insurance plans and you are spoilt for choice. Among so many health insurers, do you know how to find the best health insurance company in India?
Here are 7 steps which would help you to find the best company for your health insurance needs:
1. Look for the company’s claim settlement ratio
Claim settlement ratio represents the claim payment record of the company. It is calculated as the proportion of claims paid against the total claims raised. The higher the ratio the better the company is in terms of paying claims. So, look for the company’s claim settlement ratio. Choose the company which has the highest ratio.
2. Understand the claim process
The next thing to understand is the health insurance claim process of the company. Find out if the company has an in-house claim settlement team of is tied up with a third party administrator. An in-house team is better as the claim gets settled easily. Also find out the claim settlement process. Choose cashless claims as they are more convenient for your finances.
3. The company’s hospital network
Cashless claim is provided only if you seek treatment in a hospital which is tied-up with the insurance company. So, find out the company’s list of networked hospitals. The more comprehensive the list the easier would it be for you to locate a networked hospital and avail cashless treatment.
4. The premium charged
This is another important consideration when finding the best health insurer. Since the premium is your expense, the lower the better. Compare health insurance premium of different companies to find out the best. However, comparison should be done keeping in mind the coverage offered too.
5. The coverage features
Look at the coverage features offered by the company’s health insurance plans. These features should match your coverage requirements. Furthermore, if the features are comprehensive, you can avail a more inclusive coverage. So, look for companies offering plans with more inclusive coverage features.
6. Value-added services
Health insurance companies have a fierce competition among themselves. As such, they offer various value-added services to score an edge over their rivals. You should look for the available value-added features. The better the features the better would be your health insurance experience.
7. Terms and conditions on coverage features
Health insurance companies impose waiting periods, restrictions and limits on their coverage features. These terms and conditions restrict the scope of coverage. Look for these restricting features in health plans and choose a company whose plan does not have too much restriction.
Use these yardsticks to compare different health insurance companies and find the best insurer in India.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 21 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
Over to You
Choosing the best health insurance plan isn’t just about comparing brochures or flipping coins. It’s about finding a policy that backs you up when life throws surprises your way. Both Care Supreme and Star Comprehensive check off several boxes that matter most to you, like broad hospitalisation cover, pre- and post-treatment benefits, day care procedures, and wellness features that keep you healthier beyond just claims. You also get perks like no-claim benefits, room rent flexibility, e-consultation options, and add-ons that can be customised for your lifestyle. So, whether you're single, part of a nuclear family, or juggling between office and ageing parents, both plans are built to support your needs in practical ways.
That said, your insurance journey shouldn’t stop at health alone. Think bigger. Look at other coverage types too. A solid plan can be paired with comprehensive car insurance or personal accident insurance to build an all-around financial safety net. Because when life happens, it rarely sticks to just one category.
So, take your time, match the benefits to your situation, and choose what feels right. Whether you lean toward these health insurance companies mentioned in this guide or any other provider available to you, the goal is to stay covered smartly and confidently, without any second guesses.
Speak to an Advisor That said, your insurance journey shouldn’t stop at health alone. Think bigger. Look at other coverage types too. A solid plan can be paired with comprehensive car insurance or personal accident insurance to build an all-around financial safety net. Because when life happens, it rarely sticks to just one category.
So, take your time, match the benefits to your situation, and choose what feels right. Whether you lean toward these health insurance companies mentioned in this guide or any other provider available to you, the goal is to stay covered smartly and confidently, without any second guesses.
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In case of a medical emergency, cashless hospitalization is the best option to avail for anyone. This is only possible if your insurer has a tie-up with some hospitals that are covered under its network and where you can seek treatment without spending a penny. Here we share the list of network hospitals empaneled with Aditya Birla Health Insurance.
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