4 min read
Updated on Sep 09, 2022
The Indian health insurance market has more than a dozen general insurance companies. Many of the 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.
ICICI Lombard is a leading name in the general insurance industry with attractive products. The 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 99.4% in the financial year 2017.
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.
Religare is a standalone health insurance company which specialises 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.
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.
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.
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 91.2% and it is awarded the Superbrand for two consecutive years.
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.
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.
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.
New India 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.
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
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