Health Insurance Companies
Health Insurance companies are the ones which help people to bear the expenses incurred on their health by covering them against different medical emergencies with a plethora of health insurance policies. These companies make it affordable for people to tend to their health issues without the worry of losing all their savings
Highlights of Health Insurance Companies
Select an Health Insurance Company of Your Choice to See the Best Policies
Select an Health Insurance Company of Your Choice to See the Best Policies
Health Insurance Companies in India
There are a plethora of best health insurance companies in India offering some of the most cost-effective policies to take care of your complete health. In fact, many such companies present an impressive number of health plans all-encompassing the different needs of people. These customer centric insurance companies provide many attractive plans every year to attract customers year after year.
However, the availability of several insurers make it difficult for the common people to select the one best insurance company in India from the wide list of policy providers. Thus, it becomes a task for the common people to compare and analyze the different plans so that they can select a particular option suiting their requirements completely. Of course, it is not possible for a single insurer to fulfill the needs of everyone. Thus, it depends on individuals to check the various benefits of plans and the personal needs of the insured before selecting the best suitable policy.
Here we have listed down some of the top health insurance companies in India and their details to help you make your decision easy.
How to Choose the Best Health Insurance Company in India
Different health insurance plans differ in terms of their merits and features. As no two policies are perfectly same so it is not necessary that policies offered by one insurance company will suit the requirements of different individuals. Hence, it is necessary to choose the policy depending on individual health requirements and other related aspects.
Below are some parameters to choose the best medical insurance company in India and the best plans:
The key parameter to choose the best health insurance company is the availability of different health plans so that you can compare and choose the policy as per your requirement.
Having an extensive network of hospitals to avail cashless treatment is another important parameter to choose the best health insurance company in India. The better the network of hospitals, the easier it is to file for cashless treatment claims.
Smooth process of claim making is another important parameter to check. It is difficult to proceed with a complicated process to settle claims. So go for a policy offering hassle-free claims and minimal paperwork.
Smooth process of claim making is another important parameter to check. It is difficult to proceed with a complicated process to settle claims. So go for a policy offering hassle-free claims and minimal paperwork.
Availability of quality customer support service is another requirement to check while choosing your health insurance company.
Benefits of Medical Insurance
In India, there is an abundance of insurance companies providing a plethora of policies with a wealth of benefits. When it comes to choosing the best plan, the first thing that we consider is the benefits that can be availed with a particular plan. Here is a list of the common benefits that best health insurance companies in India offer as mentioned below:
Health insurance providers serve as a solution to manage the rising costs of medical treatment and services for common people.
Health Insurance companies permit financial security to the insured by protecting you from the expenses pertaining to medical treatment, health check-ups, in-patient hospitalization, and much more.
Further, health insurances allow tax relief on the amount of premium paid under Section 80D of Income Tax.
Health insurance companies in India also support the insurer from domiciliary expenses, if the patient has to undergo treatment at home under the observation of specialists.
Also, these insurance plans cover you against ambulance charges, pre, post hospital charges etc., to ensure your speedy recovery.
Health insurance companies also cover the insured against several critical illnesses such as stroke, kidney malfunction, organ transplant, loss of limbs, etc.
Sahi Advice,
Sahi Insurance
If you have any questions on how to choose the best insurance plan, you can connect with our IRDAI certified insurance advisors.
Paybima is the digital platform of Mahindra Insurance Brokers Ltd
Experience
Strong Team
Advisors
Ask Anything as We Have Answers to Everything in Insurance
There are many reputed health insurance companies in India offer cashless hospitalization facilities to the insured, including:
- Niva Buapa Health Insurance company.
- Apollo Munich Health Insurance company.
- Reliance Health Insurance company.
- ICICI Lombard Health Insurance company
- Star (earlier Religare) Health Insurance company
- Bajaj Allianz General Insurance
The top health insurance companies on the basis of Claim Settlement Ratio (CSR) are:
- Aditya Birla Health Insurance
- Bajaj Allianz Health Insurance
- Tata AIG Health Insurance
- Bharti AXA Health Insurance
- Care Health Insurance
- United India Health Insurance
- Universal Sompo Health Insurance
- SBI Health Insurance
Being a critical illness, kidney transplant is covered under health insurance plans offering coverage against critical illnesses. Some insurers covering kidney transplant cost are: Bajaj Allianz health insurance, SBI critical illness plan, Tata AIG Health Insurance, and Universal Sompo critical illness policy etc.
A general misunderstanding among people is that health insurance companies cover only hospitalization costs. However, the fact is, many health insurance plans are there in the market that cover treatment expenses as well. Further, they offer other coverage like daycare procedures, organ donation, domiciliary expenses, ambulance charges, OPD charges etc.
Yes, it is possible to port health insurance policy from one health insurance company to another in case the insurer avails the facility of portability. So, you must ensure at the time of buying a policy if the facility is available with your policy or not. However, you can port to another insurer only during renewal of policy.
Yes, there are many health insurance companies in India covering insulin expenses as well as other costs associated with diabetes. Star Health and Allied Insurance Co. Ltd., Care Health Insurance, HDFC Ergo General Insurance are some such plans that you can buy from Paybima.com.
In India, at present there are over 30 insurance companies catering to products on health insurance. 5 of them are standalone health insurance companies, while the remaining 25 are general insurance companies serving in India.
Judging a health insurance company as best would depend on various factors. Some of the best health insurance companies in India are IFFCO Tokio General Insurance, Care Health Insurance, Magma HDI Health Insurance, and The Oriental Insurance Company among others.
The standalone health insurance companies in India include:
- Max Bupa Health Insurance
- Care Health Insurance
- Star Health and Allied Insurance
- Manipal Cigna Health Insurance
- Aditya Birla Health Insurance
Public insurance companies in India are: New India Assurance Company, Oriental Insurance Company, National Insurance and United India Insurance.
26 private insurance companies are providing health insurance plans in India
