The Indian health insurance segment has grown tremendously in the last decade. Today, there are more than two dozen general insurance companies which are offering health insurance plans for the Indian population. Each company has a set of different varieties of health insurance plans which aim to fulfil the varied health related requirements of every individual. There are both private health insurers and Government owned health insurers. Here is a list showing the health insurance companies operating in the market today
|Privately owned health insurers||Government-owned health insurers|
|Bajaj Allianz General Insurance Company Limited||National Insurance Company Limited|
|ICICI Lombard General Insurance Company Limited||The New India Assurance Company Limited|
|IFFCO Tokio General Insurance Company Limited||The Oriental Insurance Company Limited|
|Reliance General Insurance Company Limited||United India Insurance Company Limited|
|Royal Sundaram General Insurance Company Limited|
|TATA AIG General Insurance Company Limited|
|Cholamandalam MS General Insurance Company Limited|
|HDFC Ergo General Insurance Company Limited|
|Star Health and Allied Insurance Company Limited|
|Apollo Munich Health Insurance Company Limited|
|Future Generali India Insurance Company Limited|
|Universal Sompo General Insurance Company Limited|
|Raheja QBE General Insurance Company Limited|
|Bharti AXA General Insurance Company Limited|
|SBI General Insurance Company Limited|
|Max Bupa Health Insurance Company Limited|
|Religare Health Insurance Company Limited|
|Magma HDI General Insurance Company Limited|
|Liberty Videocon General Insurance Company Limited|
|Cigna TTK Health Insurance Company Limited|
|Kotak Mahindra General Insurance Company Limited|
|Aditya Birla Health Insurance Company Limited|
|DHFL General Insurance Company Limited|
Though there are so many insurance companies offering health insurance plans, plans of some companies are very popular among individuals. Here are top 10 health insurers who offer diverse health insurance plans
|Name of the company||Company profile||Popular plans|
|Apollo Munich Health Insurance Company Limited||Apollo Munich offers a range of health plans suiting the needs of every individual|| |
|Bajaj Allianz General Insurance Company Limited||A joint venture between Bajaj Finserv and Allianz SE, Bajaj Allianz offers various types of general insurance plans, health insurance being one of them|| |
|HDFC Ergo General Insurance Company Limited||The company has been formed as a joint venture between HDFC Limited and Ergo International AG. It has been given iAAA rating by ICRA|| |
|Religare Health Insurance Company Limited||Religare is a standalone health insurance company which is formed by Religare Enterprises, Union Bank of India and Corporation Bank|| |
|The New India Assurance Company Limited||A government backed company New India is a trusted name in the health insurance industry. It offers a range of health plans with varying coverage levels and benefits|| |
|Star Health and Allied Insurance Company Limited||Star Health is another leading name in the health insurance sector. This is also a standalone health insurer with a gamut of health insurance products in its kitty|| |
|7. TATA AIG General Insurance Company Limited||The company is formed as a joint venture between Tata Group and American International Group. A whole lot of general insurance products are offered by the company including health insurance|| |
|Bharti AXA General Insurance Company Limited||The company is a venture between Bharti Enterprises and AXA Group and offers a lot of general insurance products|| |
|Reliance General Insurance Company Limited||Reliance is a leading name in the Indian industrial sector. Its general insurance arm offers a wide variety of products including health insurance|| |
|Cigna TTK Health Insurance Company Limited||The company is a joint venture between USA’s global health service provider Cigna Corporation and Indian industry TTK Group|| |
Turtlemint is an online platform which is tied up with all the leading health insurance providers in India. At Turtlemint, you can find the available plans of all top insurers and buy a plan directly. Moreover, at the time of claim, you can seek assistance from Turtlemint’s dedicated claim settlement team which helps you in speedy settlement of your health insurance claims.
Many health insurers provide a specially designed plan covering critical illnesses. You can compare the various critical illness plans and buy a plan which covers the maximum illnesses.
Claim settlement depends on the coverage of the health insurance plan and the authenticity of your claims. Both private insurers and Government owned insurers ensure claim settlement if your claims are genuine and are covered under your health insurance plan.
Family floater health plans are those plans which cover the entire family under one plan. Family consists of the policyholder, spouse, dependent children and dependent parents.
Yes, the Insurance Regulatory and Development Authority of India (IRDAI) regulates the working of both life insurers and health insurers.
Yes, the premiums you pay for health insurance plans qualify for tax deduction under Section 80D up to Rs.25, 000. The limit increases to Rs.50, 000 if you are a senior citizen. You can also claim an additional deduction of up to Rs.50, 000 if you pay health insurance premiums for your dependent senior citizen parents separately.
Health Insurance Companies