Find and buy the best health insurance plans in India

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

Top health insurance companies 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 health insurance companies in India who offer diverse health insurance plans

A look into the top health insurance companies in India 

The above list of health insurance companies shows the company composition and the popular plans offered. Here’s a look into the salient features and benefits of each company mentioned in the above list of health insurance companies which are the best –

1. Bajaj Allianz General Insurance Company Limited 

• The company has a network of 6500+ hospitals wherein you can avail cashless treatments
• The in-house claim settlement team of the company promises 60-minute claim settlement process
• A range of health insurance plans are available to fulfil all your coverage needs
• The plans offer a comprehensive scope of coverage and yet the premiums payable are affordable 

2. HDFC ERGO General Insurance Company Limited

• The company recently acquired Apollo Munich Health Insurance Company thereby increasing the number of plans in its bouquet 
• Under many health insurance policies offered by the company, there is no limit on the entry age allowing you to buy the plan even at older ages without any limitations
• The company has launched the Tele Clinic facility for its customers. Customers can download the company’s mobile application and avail doctor consultations online right from their home without having to step out. These consultations are free of cost and can be availed as many times as required
• The company has a strong network of more than 10, 000 hospitals throughout India for cashless claim settlements

3. Care Health Insurance Company Limited (Previously called Religare Health Insurance Company Limited)

• A wide range of plan offering including the standard Arogya Sanjeevani Policy and COVID specific health insurance plans. all the plans offer a comprehensive scope of cover at affordable premiums
• There are a wide range of optional coverage benefits under most health insurance plans offered by the company. This allows you to customize your coverage as per your needs
• The company is tied up with more than 11, 000 healthcare providers across the world for cashless claim settlements
• The company has a high claim settlement ratio of 92.3% and tries to process and settle the claims within 2 hours of intimation through its in-house claim settlement team

4. The New India Assurance Company Limited

• New India is a public sector general insurance company which is present not only in India but also in 28 countries around the world
• As of the financial year ended 31st March 2020, the company boasted of strong financial with a Gross Written Premium of more than INR 31,000 crores and a growth rate of 11.52%
• The company’s asset base comprises of more than INR 74, 000 crores and it had a solvency ratio of 2.11 as of the financial year ending on 31st March 2020
• New India offers a range of health insurance plans for your varying coverage needs and its premiums are also pocket-friendly 

5. Star Health and Allied Insurance Company Limited

• Star Health is a standalone health insurance company which offers some of the widest range of plans in the industry. The company’s Cancer Care policy is a pilot product which is not offered by any other best health insurance company in India
• More than 90% of the company’s claims get settled within 2 hours and the company has settled more than 49 lakh claims ever since it was formed
• The company has a hospital network of more than 9900 hospitals throughout India for easy cashless claim settlement and it settles its claims in a hassle-free manner with an in-house claim handling team
• The company has won the Health Insurance Provider of the Year Award and is a reputed name in the health insurance industry

6. TATA AIG General Insurance Company Limited

• TATA AIG is considered as the best health insurance company in India because of the trust that the company enjoys. The company has insured more than 5 crore customers and has issued more than 1 crore policies in the last year itself
• The company allows online purchases and issues instant policies where you can get covered instantly
• The company is tied-up with more than 5800 hospitals in India where you can seek cashless treatments without any hassles

7. Bharti AXA General Insurance Company Limited

• Bharti AXA is another leading name in the list of health insurance companies in India. The company offers a wide range of health insurance plans which are comprehensive in nature with affordable premiums
• The company has a wide customer base as it has issued more than 2 crore policies ever since it became operational and has also settled more than 19 lakh claims
• The company is tied-up with more than 4500 hospitals throughout India
• The company has received the Claims Service Of The Year – Large (PrivateSector) Award for the year 2018 at the BFSI Awards presented by ABP News

8. Reliance General Insurance Company Limited 

• The company allows instant policy issuance online without involving lengthy paperwork formalities and the policy is delivered to you within 10 seconds
• Reliance is an ISO 9001:2015 company which also carries the ISO 31000:2018 Risk Assurance Global Certification. These certifications make the company reputed with quality products and efficient services
• For the financial year 2019-20 Reliance had a high claim settlement ratio of 94% showing that it settled its claims duly
• The company has a network of more than 7300 hospitals in India and is present pan India with a branch network of more than 139 branches in major Indian cities

9. Manipal Cigna Health Insurance Company Limited

• Manipal Cigna is a standalone health insurance company which provides a wide range of health insurance plans for all your health insurance needs
• Ever since the company has been operational, it has settled claims worth INR 621+ crores and approves about 97% of its cashless claims within 2 hours
• Manipal Cigna’s international claim settlement is also sound as the company boasts of having settled more than 90, 000 claims internationally
• The company promotes healthy living through health rewards in its health insurance plans. There are more than 54, 000 customers enrolled under the company’s health rewards programs and they have earned more than 9.8 crore healthy points through a healthy lifestyle

How to choose the best medical insurance company for yourself?

From the range of health insurance companies available in the market, choosing the best health insurance company in India might prove challenging. Here are some of the important factors which you can consider to find the top health insurance companies in India for your health insurance needs –

• The range of plans offered

  The health insurance needs of different individuals are different. Besides a medical insurance plan which covers hospitalisation expenses, other plans are also needed for an all-round protection. Plans like critical illness plans, disease specific plans, senior citizen plans, etc. are also needed for complete protection. Health insurance companies which offer a wide range of plans are recommended so that you can find solutions to all your health insurance needs at one place itself.

• The coverage benefits

  Besides the range of plans, the coverage benefits in the plans are an important parameter as well. The top health insurance companies in India often offer some of the most comprehensive health insurance plans which provide an all-round coverage. Such companies provide coverage even against medical costs which are otherwise excluded from coverage. So, if you choose health plans of the best health insurance company in India you would be comprehensively covered.

• The premium rates

  Another important factor is the pricing policy of health insurance companies. The best health insurance company in India would be the one which prices its plans affordably without compromising on the scope of coverage offered.

• The list of networked hospitals 

  You should always choose a company which has a wide network of cashless hospitals throughout India. When the company has a wide network, it would be easy for you to locate the hospital wherein you can avail cashless claim settlement. So, look for top health insurance companies in India which have the largest hospital network in the country. 

• The claim settlement ratio and process

  The last thing to check is the claim settlement ratio and process of the health insurance companies. The best health insurance company in India would be the one which has a high claim settlement ratio indicating that it settles most of its claims. Moreover, the top health insurance companies in India would also have an easy claim settlement process wherein you can get your claims settled without hassles. So, look for health insurance companies which have a claim settlement ratio of 90% and above and also those who have in-house claim settlement within the least amount of time.

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.