In the recent decade, the Indian health insurance market has grown tremendously. There are already around two dozen general insurance companies offering health insurance coverage to the Indian population.
In India, health insurers offer a variety of health plans to meet the demands of the general public. Every health insurance provider in India designs Mediclaim policies with varied features for consumers,
Ranging from covering all major medical bills to offering additional advantages such as free health check-ups, wellness programmes, and so on.
Health insurance has now become a very important aspect of everyone's lives considering what we all have gone through during the pandemic.
Given the importance of having health insurance and options available, it has become very hard to choose or find the best health insurance company in India.
So, if you are someone looking for the top health insurance in India, this article is for you. Here is the most recent comprehensive list of the top health insurance companies in India.
It's essential to look over this list of the top health insurance companies to find the best health insurance policies for you and your family.
Our Top Picks
How to Choose the Best Health Insurance Company?
Before you get health insurance from one of these top health insurance companies, you should consider a few key features while reviewing the list.
Examining the characteristics allows you to assess the performance of the insurance provider.
Type of insurance plans, cashless network hospitals, claim settlement ratio, and claim procedure are some of these aspects. Prioritize the claim settlement ratio and the number of network hospitals.
1. Types of Health Insurance Plans
The kinds of health plans offered by insurance companies are one of the most important elements to consider when comparing different health insurance providers.
Some insurance companies only offer generic health insurance plans and some caters to specific demographics like women, children, and older citizens. Choose an insurance company that offers a plan that meets all your needs or policy requirements.
2. Insurer Reviews and Ratings
Knowing what existing policyholders have to say about a health insurance provider might help you make a clever decision.
You can do this by reading customer reviews and feedback for several insurance companies and choosing the one with positive and appreciative comments.
Also, consider the overall star ratings of the insurer. You can also conduct some research to get the greatest insurance provider.
3. Cashless Hospitals
You can undergo cashless treatment at a network hospital if you have a decent health insurance plan. It is an advantage because you do not have to pay out of pocket.
The insured only needs to complete the necessary documentation with the hospital authority and use the medical service, with the bill being paid by the health insurance company.
4. Claim Settlement Ratio
The claim settlement ratio is the percentage of claims resolved by the insurance company compared to the total number of claims filed. A reputable health insurance company should have a good claim settlement track record.
Always go with a company with a high claim settlement ratio. Your plan will be useless until you can be certain of receiving the claim when it is needed.
5. Customer Support Service
Another significant thing to consider when selecting a health insurance company is the customer service availability and quality. This factor can be the difference between life and death in a health-related situation.
When looking for a health insurance company, look for one that has a committed and responsive customer service department that is easy to contact.
6. Claims Procedure
Lastly, look for a simple claim settlement process that allows you to get your issues resolved quickly. The last thing anyone wants to be doing in an emergency is trying to figure out how to file a claim.
This is one of the key reasons why choosing an insurer with established processes for policy-related tasks such as filing a claim, applying for a policy, tracking your application, and so on is critical.
The list of Top Health Insurance Companies in India
Only the top health insurance companies will provide comprehensive medical coverage, including doctor visits, hospitalisation costs, surgical fees, medicinal costs,
Nursing reimbursement, hospital room rent, cashless service, and maternity plans, among other things. Here's an in-depth look at the best health insurance companies in India that can help you get through your problems.
1. Tata AIG
Because of its high level of trust, Tata AIG is regarded as India's top health insurance provider.
This general insurance company is a joint venture company,
Established after the collaboration of Tata Group (an Indian multinational conglomerate) and
American International Group or AIG (a multinational insurance corporation).
It was founded in 2001 and is headquartered in Mumbai, India. Neelesh Garg is the current Chief Executive Officer of Tata AIG.
He was appointed in the year 2015. As of September 2020, Tata AIG has an asset under management of around INR 14,295 Cr.
Tata AIG offers a variety of insurance policies for families, women, the elderly, critical illnesses, and other needs. Customers can also purchase low-cost health insurance on the company's website.
These are some of the health insurance plans offered by Tata AIG:
- Tata AIG MediCare
- Tata AIG MediCare Premier
- Tata AIG MediCare Protect
- Critical Illness Policy
- Wellsurance Family
- Wellsurance Woman
- Wellsurance Executive
- MediSenior
Details
Video Review
2. AEGON Life
Bennett Coleman and Company, India's largest media conglomerate, and Aegon N.V.
An international provider of life insurance, pensions, and asset management, merged to establish Aegon Life.
It was established in 2008 and Satishwar Balakrishnan is the current Managing Director and Chief Executive Officer of the company.
Customers can choose from a number of health insurance policies offered by Aegon Life Insurance Company, depending on their needs and requirements.
Each plan has its own set of benefits, and the premium rates are competitive, putting the competition on par with other insurers in the market.
These are some of the health insurances offered by AEGON Life:
- Critical Illness Health Plan
- Surgical Cash Benefit Policy
- Senior Citizen Health Plan
- Unit-linked health plans
- Mico-insurance Policy
- iCancer Plan
Details
Video Review
3. HDFC Ergo Health
HDFC Ltd (which owns a 74% share) and ERGO International AG (which holds a 26% stake) partnered to form HDFC ERGO in 2002.
Ritesh Kumar is currently the CEO of HDFC Ergo. With 104 locations in 87 cities throughout India,
HDFC ERGO is India's fourth-largest private sector general insurance company.
HDFC Ergo General Insurance is a reputable insurer that offers a variety of health insurance coverage.
Many of the company's health insurance policies have no upper age limit, allowing you to purchase the policy at any age.
The insurance firm has a large network of hospitals where the policyholders can receive cashless healthcare.
Some examples of health insurance provided by HDFC Ergo Health:
- Health Medisure Classic
- Women Health Insurance
- Health Suraksha Top-up
- Critical Illness insurance
- Health Medisure Top-up
The HDFC ERGO medical insurance policies include a variety of coverage benefits. When you purchase HDFC ERGO Mediclaim plans,
You may be eligible for a number of additional benefits, such as cashless claims, a dedicated app, free renewal health checkups,
and preventive health checkup coupons.
Details
Video Review
4. ICICI Lombard
Formed in 2001, ICICI Lombard General Insurance became well-known after,
The joint venture with ICICI Bank and Fairfax Financial Holdings Limited (Canada).
Bhargav Dasgupta was appointed the CEO of ICICI Lombard in 2009.
Daycare operations, hospital fees, ambulance charges, and domiciliary hospitalisation are,
All covered by the company's comprehensive health insurance. Bharti AXA Health Insurance and ICICI Lombard General Insurance combined in 2021.
Customers now have access to a larger distribution network as a result of this latest development.
Health Plans by ICICI Lombard:
- Complete Health Insurance Plan
- Health Booster
- Personal Protect
- Arogya Sanjeevani Policy
- Corona Kavach Policy
- Saral Suraksha Bima
Details
Video Review
5. Aditya Birla Health Insurance
Aditya Birla Health Insurance Company Limited (ABHICL) is a joint venture between Aditya Birla Group and,
MMI Holdings of South Africa and is a subsidiary of Aditya Birla Capital Ltd.
The company was created in 2015 and began operations in October of the same year.
Mayank Bathwal is the Chief Executive Officer of ABHICL since 2015 and is also a director on the Board of Directors.
Wellness and rewards are two of the most tempting benefits of Aditya Birla Health Insurance policies.
This company effort assists you in keeping a record of your health and encourages you to improve your health in order to achieve your goals and gain additional benefits.
Aditya Birla Medical Insurance also offers health plans with a variety of additional advantages.
Cashless care, ambulance coverage, AYUSH therapies, pre-and post-hospitalization fees, and many other perks are available through Aditya Birla Health Insurance policies.
Some Health Insurance Plans by Aditya Birla Company:
- Aditya Birla Corona Kavach
- Aditya Birla Global Health Secure
- Activ Secure Cancer Secure Plan
- Activ Secure Hospital Cash Plan
- Activ Secure Critical Illness Plan
- Activ Secure Personal Accident Plan
Details
Video Review
6. Bajaj Allianz General Insurance
Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited and,
Allianz SE, with Bajaj Finserv Limited owning 74% and Allianz SE owning the remaining 26%.
Headquartered in Pune, it was founded in 2001. Tarun Chugh is the current CEO of the company since 2017.
Bajaj Allianz is one of the most dependable insurance companies in the health ecosystem, offering lifelong renewal, pre and
Post hospitalisation coverage and coverage of pre-existing diseases after a four-year waiting period.
Health insurance plans by Bajaj Allianz General Insurance:
- Health Infinity Policy
- Silver Health
- Corona Kavach Policy
- Health-Guard Family Floater
- Premium Personal Guard
- Global Personal Guard
Details
Video Review
7. Care Health Insurance Limited
Care Health Insurance (previously Religare Health Insurance) is a stand-alone health insurance provider that,
Provides coverage to individuals, families, and businesses. Reliance Enterprises Limited, Corporation Bank, and
Union Bank of India are all partners in the initiative. It was founded in 2012 and Anuj Gulati is the MD and CEO of the company.
Most of the company's health insurance plans include a wide range of optional coverage advantages.
This allows you to tailor your coverage to your specific requirements. The health plan assists you in covering a variety of expenses by giving benefits such as,
Ambulance and room rental, cashless features, pre-and post-hospitalization fees, no-claim incentives, tax benefits, periodic medical checks, and so on.
Some of the best health policies offered by Care health Insurance:
- Personal Health Insurance Plan
- Family Health Insurance Plan
- Critical Illness Health Insurance Plan
- Senior Citizen Health Insurance Plan
- Maternity Health Insurance Plan
- Accident Health Insurance Plan.
Details
Video Review
8. Digit General Insurance Company
Fairfax Financial Holdings Limited, a well-known Canada-based global financial services company with operations in more than 30 countries,
Has funded Digit General Insurance. Digit General Insurance Company was founded in 2016 and
has become one of India's top non-life general insurers. It has won the Top Indian Start-ups award for the years 2018 and 2019.
In addition, the company was named Asia's General Insurance Company of the Year for 2019. It is headquartered in Bengaluru with Jasleen Kohli appointed as,
The Managing Director and Chief Executive Officer of Digit General Insurance. Digit health insurance plans protect you and,
Your family from losing all of your funds on healthcare bills in the event of an emergency by providing inexpensive health insurance plans.
Overall, the organisation is committed to providing people of all ages with simple, transparent, and tailored health insurance solutions that provide them with reassurance.
Some of the best health policies offered by Digit General Insurance:
- Arogya Sanjeevani Policy
- Corona Kavach Policy
- Health Care Plus Policy
- Total Protect Policy
- Complete Care Policy
Details
Video Review
9. Future Generali Total Insurance Solutions
The Future Generali India Insurance Company was founded in 2007.
It is a venture between the Future Group (India's largest retailer) and the Generali Group (a global insurance group).
It has 121 offices across India and provides customers with complete health insurance coverage.
Anup Rau is the current CEO of Future Generali Insurance Company. Future Generali India Insurance provides a diverse range of insurance services at reasonable costs.
Individuals, families, senior citizens, disease-specific health insurance plans, top-up health insurance plans, and,
Super top-up health insurance plans are all available through the insurer. The plans include complete coverage as well as tax advantages, a free look period, a grace period, and a lifetime renewability perk.
Some health insurance policies by Future Generali Total Insurance Solutions:
Corona Rakshak Policy
Future Health Suraksha
Arogya Sanjeevani Policy
Vector Care
Future Criticare
Health Total
Details
Video Review
10. IFFCO-Tokio General Insurance
In December of 2000, the Indian Farmers Fertilizer Co-operative (IFFCO) and,
Tokio Marine and Nichido Fire Group formed a joint venture.
Its 65 Strategic Business Units, 120 Lateral Spread Centres, and 255 Bima Kendras provide insurance products in India.
H.O. Suri is the Chief Executive Officer of the company.
The insurer offers a variety of health insurance plans to its consumers to meet their various healthcare requirements.
IFFCO-Tokio Health Insurance offers a variety of perks, including in-patient hospitalisation coverage, cashless facilities, health check-ups, ambulance charges, pre- and post-hospitalization fees, and more.
List of some of the health insurances by IFFCO-Tokio General Insurance:
- Family Health Protector
- Individual Health Protector Policy
- Corona Kavach Policy
- Corona Rakshak Policy
- Individual Medishield Policy
- Critical Illness Insurance Policy
Details
Video Review
11. Kotak Mahindra Health Insurance
Kotak General Insurance is owned entirely by Kotak Mahindra Bank Ltd.
After acquiring its licence from IRDAI, the company began operations in 2015.
Kotak Insurance has been delivering numerous products and expanding its presence across the country since its inception.
Suresh Agarwal was appointed the MD and CEO of the company in 2021.
Kotak Mahindra General Insurance aims to provide a superior value proposition to its personalised health insurance coverage.
The health insurance plans of Kotak Mahindra are specifically intended to meet the diverse needs of all segments of society and,
Provide comprehensive coverage at affordable costs. Kotak Mahindra General Insurance is one of India's most successful insurance companies, insuring thousands of individuals from unexpected events.
Health insurance plans provided by Kotak Mahindra General Insurance:
- Kotak Health Care
- Kotak Secure Shield
- Corona Kavach Policy
- Arogya Sanjeevani Policy
- Kotak Super Top-Up
- Kotak Health Premier
- Kotak Accident Care
Details
Video Review
12. Liberty Health Insurance
Liberty Health Insurance Ltd. is a joint venture between US-based Liberty Citystate Holdings PTE Ltd.
And privately controlled and managed Enam Securities.
In 2013, the company began operations with the goal of delivering insurance-related solutions.
When it comes to health care, the insurer offers a variety of health insurance plans for individuals, families, and businesses.
Several honours have been given to the company throughout the years for its constant and exceptional achievements.
Model Insurer Asia-Digital and Omnichannel award 2017, Most Influential Retail Leaders-CMO Asia, Digital Transformation Award 2016, and others are among the honours.
Some of the best health policies offered by Liberty Health Insurance:
- Liberty Health Connect
- Secure Health Connect
- Corona Kavach Policy
- Arogya Sanjeevani Policy
- Individual Personal Accident Policy
Details
Video Review
13. National Insurance Company
The Government of India wholly owns National Insurance Firm Limited (NICL), a General Insurance company.
The company was established in 1906 and is one of India's oldest general insurance companies.
The corporation is currently based in Kolkata and has offices around India, as well as a foreign office in Nepal.
Smt. Suchita Gupta is the current Chairman and Managing Director of the National Insurance Company.
After four claim years, it provides a free health check-up benefit of up to 1% of the insured amount.
Add-on covers, cashless claims, and a variety of advantages like as free health check-ups, cashless benefits, coverage for in-patient treatment, daycare treatments,
Pre-hospitalization and post-hospitalization, ambulance, and so on are included in the health plans. Individuals, families, senior citizens, and others can customise their National Health Insurance plans to meet their specific needs.
Top Health Plans of National Insurance:
- National Mediclaim Plus Policy
- National Mediclaim Policy
- Overseas Mediclaim Business and Holiday
- Overseas Mediclaim Employment and Studies
- Parivar Mediclaim Policy for Family
- Arogya Sanjeevani Policy
- Corona Kavach Policy
- National Parivar Mediclaim
Details
Video Review
14. Reliance General Insurance
Reliance General Health Insurance is part of the Reliance Anil Dhirubhai Ambani Group and is,
A wholly-owned subsidiary of Reliance Capital. Reliance General Health Insurance was founded in 2000,
And currently has 139 locations and over 28,900 intermediaries across the United States.
It provides customers with a diverse selection of insurance policies to choose from.
Individual plans, family floater plans, critical illness plans, and group mediclaim health insurance policies are among,
The products offered by Reliance General Health Insurance to fulfil the healthcare needs of various consumer groups.
This company's goal is to create affordable insurance plans that are available to everyone.
Health insurance policies by Reliance General Insurance:
- Reliance Health Gain Insurance Policy
- Reliance Health Infinity Insurance
- Reliance Personal Accident Insurance Policy
- Reliance Critical Illness Insurance
- Reliance Group Mediclaim Insurance Policy
- Corona Kavach Policy
Details
Video Review
15. Star Health & Allied Insurance Company
Star Health is India's first standalone health insurance provider.
It was founded in 2006.
Dr Prakash Subbarayan is the present CEO of the company.
The organisation provides outstanding service and creative products to individuals, families, and businesses.
It offers excellent personal accident and international travel insurance coverage.
With low premiums, Star Health Insurance Plans protect your funds from quickly rising medical expenditures.
Star Health Insurance has received numerous honours, demonstrating its status as one of India's leading health insurance providers.
Individuals, families, retired people, and corporations all benefit from Star Health Policies.
The insurance cover medical check-ups, AYUSH medicines, critical illnesses, and hospitalisation costs for the policyholder.
Additionally, coronavirus coverage is now available through Star Health Insurance's health insurance plans.
Best health insurance policies by Star Health & Allied Insurance Company:
- Family Health Optima Insurance Plan
- Medi-Classic Insurance Policy
- Super Surplus Insurance Policy
- Star Health Gain Insurance Policy
- Star Comprehensive Insurance Policy
- Senior Citizens Red Carpet Health Insurance Plan
Details
Video Review
Conclusion
Medical insurance companies typically offer a variety of policies with varying terms of service. So, before deciding on a health insurance policy, consider all of the criteria.
Make a thorough examination of your requirements and be honest about your current circumstances. Keep your budget in mind and purchase an affordable plan.
When you combine these factors with the suggestions above, you'll be able to choose the best health insurance policy.
As a result, don't wait for disaster to strike. Compare health insurance plans, select the most appropriate plan from a reputable health insurance provider, and live insured!
Frequently Asked Questions
1. Which is the No. 1 insurance company in India?
Many factors play their role in defining the No. 1 insurance company in India. Such factors are, claim settlement ratio, ratings, cashless service, policy coverage, etc.
Considering all these, IFFCO-Tokio General Insurance and Care Health Insurance can be deemed the No. 1 insurance company in India.
2. Which Mediclaim is best for the family?
These are some of the best Mediclaim (cashless) policies for families in India:
- Apollo Munich Optima Restore
- ICICI Lombard Health Care Plus
- New India Asha Kiran Policy
- Niva Bupa Heartbeat
- Niva Bupa Health Companion
- Reliance Health Gain Plan
- New India Floater Mediclaim Policy
3. Is insurance really necessary?
Life insurance plans are essential components for providing life coverage or healthcare insurance.
In the event of any unfortunate event, the benefit is paid to the nominee according to the provisions of the policy.
When it comes to protecting your loved ones' financial interests, the importance of insurance is undeniable.
Here are the best Health Insurance for Healthcare:
