The Top 10 Health Insurance Companies in India are listed below:
1) Apollo Munich Health Insurance Company Limited
Apollo Munich Health Insurance Company had an outstanding record of Incurred Claim Ratio of 63.03% for the fiscal year 2014-15, and it has brought additional benefits like portability and lifelong renewability options in its existing health insurance plans. Read more
2) Star Health & Allied Insurance Company Limited
Star Health & Allied Insurance Company recorded the Incurred Claim Ratio of 63.96% for the fiscal year 2014-15. The company has an in-house claim settlement procedure to deal with cashless hospitalization facility. Along with this, Star Health & Allied insurance company comes up with a range of exciting products that offer protection to Diabetes and HIV+ patients. Read more
3) Max Bupa Health Insurance Company Limited
Max Bupa is one of the best-known insurance companies in India, which had an Incurred Claim Ratio of 55.16% for the fiscal year 2014-15. This company offers its health insurance policies to individuals from all age groups. Read more
4) ICICI Lombard General Insurance Company Limited
The most popular product offered by ICICI Lombard General Insurance is Health Advantage that offers full coverage for expenses incurred in a case of a medical emergency. It covers the cost of hospitalization, dental expenses, room rent, and ambulance charges up to a limit. It had an Incurred Claim Ratio of 87.38% for the fiscal year 2014-15. Read more
5) Religare Health Insurance Company Limited
Religare Health Insurance Company limited has shown tremendous growth in a short period of time, thereby setting a benchmark in the insurance market of India. It had an Incurred Claim Ratio of 61.13%. It is being regularly appreciated and promoted by the Fortis Hospitals. Read more
6) Cigna TTK Health Insurance Company Limited
Cigna TTK Health Insurance Company is comparatively a new player in the Indian insurance market, as it was launched in 2014 only and immediately fell into the category of the best health insurance companies in India. Its Incurred Claim Ratio for the fiscal year 2014-15 is 64.32%. Read more
7) Bajaj Allianz General Insurance Company Limited
Bajaj Allianz General Insurance Company has some health products that are very beneficial for customers from a particular age group. The 3 major health insurance products are Health Guard, Silver Health, and Star Package. Bajaj Allianz Insurance Company was the first to provide captive TPA services with certain additional benefits. Its Incurred Claim Ratio is 73.59% for the fiscal year 2014-15. Read more
8) New India Assurance Company Limited
New India Assurance is a fully government-owned entity of India, which has been in operations since 1919. This company is well-known for its Mediclaim policy. The best feature offered under this health insurance policy is that it provides different ratings for major metros. It had an Incurred Claim Ratio of 98.78% for the fiscal year 2014-15. Read more
9) Oriental Insurance Company Limited
Oriental general insurance is also a government-owned general insurance company that offers a wide range of health insurance products in India. The impressive part of Oriental health insurance is that it doesn’t require a pre-policy medical test up to the age of 60 years, whereas it is mandatory under other health insurance providers to get a medical examination done if you are below 45 years of age. Its Incurred Claim Ratio stood at 117.02% for the fiscal year 2014-15. Read more
10) National Insurance Company Limited
National Insurance Company Ltd. is a full government entity, which has been serving its customers for more than a century and also provides health insurance coverage. It had an Incurred Claim Ratio of 110.02% for the fiscal year 2014-15. The best health product offered by National General Insurance Company is Varishtha Mediclaim that offers coverage to senior citizens. Read more
Hope this article has shared with you useful information regarding top 10 health insurance companies in India. You can select a health plan from a wide range of products offered by these general insurance companies in India. These insurance companies are well known for their family floater plans. Now! Compare different insurance plans online to find the best insurance policy.
