Top 10 Health Insurance Companies in India – Guide to Choose the Best Health Insurance Company, 2023 basis of CSR and Network Hospitals


6 min read

Updated on Sep 19, 2023

Searching for best health insurance company in Indi? You are at right place, find complete information in one go – everything from top Health Insurance Companies in India 2023, their Claim Settlement Ratio (CSR) and Network Hospitals list!

The Indian health insurance market has more than a dozen general insurance companies. Many of general insurers offer different types of health plans. As such, when you set out to buy insurance for your healthcare needs, you find so many plans from so many different companies that you get confused. To solve this confusion, here is a compilation of the best health insurance companies in India which promise you the best health plans.

List of Top Health Insurance Company in India (Sep 2023 Updated)

Sr. No List of Best Insurance Company Claim* % for 2021-22 Network Hospitals*
1 Acko General Insurance Company 97% 7100+
2 Aditya Birla Insurance Company 99% 10051+
3 Bajaj Allianz General Insurance Company 97% 8000+
4 Care Health Insurance Company 100% 20800+
5 Cholamandalam MS General Insurance Company 93% 10000+
6 Digit General Insurance Company 96% 10500+
7 Zuno General Insurance Company 97% 6000+
8 Future Generali India Insurance Company 96% 6300+
9 HDFC ERGO General Insurance Company 98% 13000+
10 ICICI Lombard Insurance Company 97% 6700+
11 IFFCO Tokio General Insurance Company 89% 7500+
12 Kotak Mahindra Health Insurance Company 97% 7000+
13 Liberty Insurance Company 97% 5000+
14 Magma HDI General Insurance Company 92% 7200+
15 Manipal Cigna Insurance Company 100% 8500+
16 Niva Bupa (earlier Max Bupa) Insurance Company 99% 9100+
17 National Insurance Company 86% 3000+
18 Navi General Insurance Company 100% 10000+
19 New India Assurance Company 93% 3000+
20 Oriental Insurance Company 90% 3500+
21 Raheja QBE General Insurance Company 93% 5000+
22 Reliance General Insurance Company 99% 8600+
23 Royal Sundaram Alliance Insurance Company 96% 7000+
24 SBI General Insurance Company 95% 20000+
25 Star Health and Allied Insurance Company 99% 14000+
26 Tata AIG General Insurance Company 94% 7200+
27 Universal Sompo Insurance Company 96% 4000+
28 United India Health Insurance 97% 6500

*Claim Settlement Ratio data sourced from IRDAI Annual Report 2020-2021
**Network Hospitals data sourced from the official websites of respective companies

PayBima Health Insurance Advisor & Consultant

Top 10 Health Insurance Companies in India 2023

#1. ICICI Lombard General Insurance

ICICI Lombard is a leading name in the general insurance industry with attractive products. ICICI Lombard’s health insurance plans are designed keeping in mind the needs of every individual. Whether it is a comprehensive plan or a top-up one, the company provides both types of insurance plans. Claim settlement is also easy with the company’s tie-up with more than 4500 hospitals across India. The company boasts of settling four claims every minute which is evident from its claim settlement ratio of 99.7% in the financial year 2022.

#2. Royal Sundaram

Royal Sundaram also offers different types of health insurance plans. While Royal Sundaram health insurance’s lifeline plan has no limits on room rents or other treatments, Family Plus plan covers up to 19 different relations. You can avail cashless claim across more than 3000 hospitals and the company’s claim process is ISO certified.

#3. Care (Formerly known as Religare) Health Insurance

Care is a standalone health insurance company that specializes in health insurance plans. The company has a tie-up with more than 5420 hospitals which facilitates easy cashless claim settlements. The health insurance at Religare handles the claims in-house. Its Care plan is a unique plan which offers sum insured levels up to Rs. 6 crores.

#4. Future Generali General Insurance Company

A part of the leading Future Group, Future Generali has a vast network in the country with tie-ups with more than 5000 hospitals and a branch presence across 125 locations. The company’s Health Total plan is an all-inclusive health plan which boasts of attractive benefits and sum insured levels up to Rs. 1 crore.

Also Read: Star Health Insurance Company provides Renewal Online

#5. Apollo Munich Health Insurance

Apollo Munich is another standalone health insurance company which focuses on the health insurance segment. The company offers a multitude of health plans from indemnity plans to disease specific plans. Its Dengue Care plan is a standalone health plan for dengue. There is also a specialised plan covering OPD expenses which are usually excluded from the coverage of normal health plans. Moreover, the company launched a new plan called Health Wallet which offers carrying forward of unused coverage benefits.

Also Read: Top Insurance Brokers in India

Visual Stories by Mahindra PayBima

#6. Max Bupa (now NIVA Bupa) Health Insurance

Max Bupa is a leading name in the health insurance industry with its popular plans. The health insurance max bupa offers hospitalisation plans, critical illness plans and also personal accident insurance plans. The company’s claim settlement ratio stands at 96% and it is awarded the Superbrand for two consecutive years.

#7. HDFC Ergo General Insurance

Health plans offered by HDFC Ergo are also popular because of the benefits they provide. Every plan is curated with the healthcare needs of individuals in mind. The HDFC Ergo health insurance has a network of over 6000 hospitals for cashless claim settlements and offers you a 24*7 service for any queries or complaints.

#8. Cigna TTK Health Insurance

Cigna TTK also deals only in health plans and offers uniquely designed plans for your needs. You can read tips to buy health plans on easy EMIs, a facility offered only by Cigna. When a company offers any health plan, there are no limits on room rents. Moreover, the company promotes cashless claim settlements.

#9. Star Health & Allied Insurance Company Limited

Another leading standalone health insurers, Star Health offers health plans with an in-house claim settlement team. The company has the largest network of more than 8400 tied-up hospitals. Moreover, the company has settled 87% of its cashless claims within 2 hours. In terms of health insurance plans, you can find comprehensive indemnity, top-up and super top-up, disease specific, critical illness as well as senior citizen health insurance plans. Thus, the company offers a health plan for each health need.

#10. The New India Assurance Company Limited

New India Assurance General Insurance company is not only has its branches in India, it has an international presence across 28 countries as well. The company is a leading name in the public sector general insurance companies. The New India Assurance Health Insurance offers six different types of products. Each product promises comprehensive coverage at affordable rates of premiums. You can choose a policy either for self or for your entire family. Moreover, a top-up policy is also available which increases your health coverage at minimal premium outgoes.

Popular Health Insurance Companies India, 2023

So, these are the list of health insurance company in India. When buying health insurance plans, select a plan from these health insurance companies in India and you would be surprised with the coverage you get and the ease of claim settlement.

Also Read: Tax benefit in health insurance

Found this post informational?

Browse Mahindra PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit Mahindra PayBima to Buy Insurance Online.

Try Mahindra PayBima Calculators –

Also, Check out the Mahindra PayBima Guide and Glossary section –

Related Articles:

FAQs: List of Top 10 Best Health Insurance Companies in India 2023

Top 5 health insurance companies in india 2023?

Following are top & best health insurance companies in India:

#1. ICICI Lombard General Insurance Company
#2. Royal Sundaram
#3. Religare Health Insurance
#4. Future Generali General Insurance Company
#5. Apollo Munich Health Insurance

Which is the best health insurance company in India?

Following are some of the top and best health insurance companies in India:

#1. ICICI Lombard
#2. Royal Sundaram
#3. Religare Health Insurance
#4. Future Generali
#5. Apollo Munich
#6. Max Bupa
#7. HDFC Ergo
#8. Cigna TTK
#9. Star Health & Allied Insurance
#10. The New India Assurance

Other Health Insurance Products

Mar 17, 2021
Author Bio
Author Image

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 17 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.

Related Blogs

Would love to hear from you

Share your candid feedback. Your email address won’t be published, we promise!

All fields are required

Find your suitable insurance plan

Speak to our advisor

Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800

Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).

Insurance is the subject matter of solicitation.

For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.

Copyright © 2023 Mahindra Insurance Brokers. All Right Reserved.

Get A Call Back
Get A Call Back