Health Insurance Companies

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

Top 10 health insurers in India

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
  • Easy Health – the plan comes in three variants with increasing coverage features and sum insured levels
  • Optima restore – a health plan with sum insured restoration, multiplier benefits and health related premium discounts
  • Dengue care – a specified dengue related plan covering expenses related to dengue
  • Energy – a plan for diabetics
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
  • Health Guard Plan – a comprehensive health plan which comes both in the individual and family floater variants
  • Silver Health Plan – a senior citizen health plan which covers pre-existing conditions after 12 months
  • Extra care plus – a super top-up health plan which comes at very affordable premium rates
  • Critical illness for women – a special critical illness plan for women covering women related illnesses
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
  • HDFC Suraksha Gold – a family floater plan which has no entry age restrictions and sub-limits on coverage features
  • HDFC Ergo my: Health Medisure Classic Insurance – this plan is for senior citizens which allows lifetime entry and covers all day care treatments
  • Critical Illness Insurance Policy – the plan comes in two variants. One covers nine illnesses while the other covers 16
  • Health Medisure Super Top Up Insurance – a super top-up health plan at very affordable premium rates
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
  • Care – this plan comes in many variants with sum insured levels going as high as Rs.6 crores
  • Joy – a specially-designed maternity health plan, Joy covers maternity expenses after a very short waiting period of 9 months only
  • Care freedom – this plan is a senior citizen health plan which is available without any medical check-ups
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
  • New India Mediclaim Policy – the policy is a comprehensive health plan which provides all the basic coverage features at affordable premium rates
  • Asha Kiran – a health plan with the aim of providing coverage for the girl child, the plan is available to parents of a girl child
  • Cancer medical expenses individual – a cancer oriented health plan which aims to pay for cancer related expenses
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
  • Family Health Optima – a family floater plan which offers sum insured restoration feature and comes at affordable premiums
  • Senior citizens red carpet health insurance policy – this is a senior citizen plan which offers sum insured levels of up to Rs.10 lakhs
  • Star Cardiac Care Insurance Policy – a health plan for cardiac patients
  • Star Net Plus – a one of a kind health plan for HIV positive individuals
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
  • Mediprime – a health plan which covers all health insurance features
  • Wellsurance Woman – a women oriented health plan which covers 11 critical illnesses pertaining to women
  • Medisenior – a senior citizen health plan with cashless coverage across 3000+ hospitals
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
  • Smart Super Health Insurance Policy – coverage under this policy is available for up to Rs.1 crore and there is no capping on room rent
  • Smart Health Insurance Policy – this plan allows coverage for up to Rs.5 lakhs and has an inbuilt critical illness cover
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
  • Health Gain – a health plan which gives attractive premium discounts to make the premiums affordable
  • Critical illness plan – the plan covers 10 major illnesses with coverage of up to Rs.10 lakhs
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
  • Cigna TTK Pro Health Insurance – a lot of variants are offered in the Pro Health category. Each plan comes with a different sum insured level suiting different coverage needs
  • Lifestyle Protection Critical Care – two plans are available with 15 and 30 illnesses covered under the two variants
  • Pro Health Cash – a health plan providing fixed benefit on each day of hospitalisation

How Turtlemint helps in choosing the best health insurer in India

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.


FAQs

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.