Medical insurance can be very important if you have an unplanned accident or get sick. Do you really want to wait? Instead, you can protect your health with financial security. It is vital to be financially ready to cover unexpected hospital costs or surgery. It is important to have a plan, but signing an agreement with the right insurer is just as important.
Only the most reputable insurance companies offer comprehensive medical coverage. This includes doctor visits, hospitalization costs, surgical fees, medical cost, medication cost, nursing allowances, hospital room rents, cashless treatment and maternity plans. This is a detailed look at India’s top-rated health insurance companies that can help you get relief from your problems.
Tips for Buying Best Medical Insurance
There are many types of insurance policies for health that are available on the market. Each one has a different health quote, copayment, coverage limits and covered illnesses. It is a good idea to look at the list of health insurance companies before you choose a medical plan.
Top 10 Best Health Insurance Companies in India
Some of the best health insurance companies in India are listed below:
- HDFC ERGO Health Insurance (Formerly Apollo Munich Health Insurance)
- Niva Bupa Health Insurance (Formerly Max Bupa Health Insurance)
- Care Health Insurance (Formerly Religare Health Insurance)
- ICICI Lombard Health Insurance Company Limited
- Manipal Cigna Health Insurance Company Limited
- Bajaj Allianz Health Insurance Company Limited
- Star Health & Allied Insurance Company Limited
- New India Assurance Company Limited
- Oriental Insurance Company Limited
- National Insurance Company Limited
1. HDFC ERGO Health Insurance (Formerly Apollo Munich Health Insurance)
Apollo Munich, which is now HDFC ERGO Health Insurance is one of the most trusted brands with happy customers of 1.5+ crores. The company has an exceptional record of an 86.52% claim settlement ratio. The plan covers medical expenses, cost of hospitalization, ICU charges, ambulance cost, daycare procedures, Ayush benefits, etc. HDFC ERGO has 13,000+ networks of hospitals across India. The insurer also offers lifelong renewability and portability options in the insurance plans.
Health Insurance Plans by HDFC ERGO
- My: Health Medisure Super Top-Up Plan
- My: Health Koti Suraksha Insurance Plan
- Optima Secure Health Insurance Policy
- My: Health Suraksha Insurance Plan
- My: Health Women Suraksha Plan
- Critical Health Insurance Policy
- iCan Cancer Insurance
2. Niva Bupa Health Insurance (Formerly Max Bupa Health Insurance)
Max Bupa is now Niva Bupa Insurance. It’s a joint venture of True North, an Indian private equity company, and Bupa (a UK-based healthcare service-based organization). The insurance provides coverage for all members of the family, including seniors and newborns. Niva Bupa offers 7600+ hospitals and a claim settlement ratio at 89.46%. There are lifetime renewal options available. The policy covers hospital expenses such as pre- and post hospitalization, room rent, OPD expense coverage, organ donation, daycare, and regular health checks once or twice a year.
Health Plans by Niva Bupa
- Senior Citizen Plan
- Health Insurance Plans
- Critical illness insurance Plan
- Family health insurance Plans
- Individual health insurance plan
- Personal accident insurance Plan
3. Care Health Insurance (Formerly Religare Health Insurance)
The Care insurance policy offers coverage for critical illnesses such as cancer, heart disease, and kidney failure. The Health Plan helps you to cover many costs. It provides a variety of benefits such as room rent and ambulance, cashless feature, pre and post-hospitalization costs, tax benefits, periodic medical checkups, and no claim bonus. Care Health insurance offers a network of hospitals of 7400+ with a 95% claim settlement rate.
Best Care Health Plans
- Family Health Insurance Plan
- Accident Health Insurance Plan
- Personal Health Insurance plan
- Maternity Health Insurance Plan
- Senior Citizen Health Insurance Plan
- Critical Illness Health Insurance Plan
4. ICICI Lombard Health Insurance Company Limited
After its joint venture with ICICI Bank (Canada) and Fairfax Financial Holdings Limited, ICICI Lombard General Insurance was in the spotlight. The company provides comprehensive insurance for health that includes daycare, hospital expenses, ambulance costs, and domiciliary care. After its joint venture with ICICI Bank (Canada) and Fairfax Financial Holdings Limited, ICICI Lombard General Insurance was in the spotlight. The company provides comprehensive insurance for health that includes daycare, hospital expenses, ambulance costs, and domiciliary care.
Health Plans by ICICI Lombard
- Health Booster
- Personal Protect
- Saral Suraksha Bima
- Corona Kavach Policy
- Arogya Sanjeevani Policy
- Complete Health Insurance Plan
5. Manipal Cigna Health Insurance Company Limited
Manipal Cigna, formerly known as Cigna TTK Health Insurance, has a large network of cashless treatment at 6500+ hospital and a claim settlement rate of 85.72%. It offers customized plans to suit changing life stages. Manipal Cigna is focused on improving the health, well being and peace of mind for every customer. By partnering with quality, cost-effective providers, Manipal Cigna makes it easier to get health care.
Manipal Cigna Health Plans
- Super Top Up
- Lifetime Health
- ProHealth Cash
- ProHealth Select
- Saral Suraksha Bima
- ProHealth Insurance
- Corona Kavach Policy
- Corona Rakshak Policy
- Arogya Sanjeevani Policy
- Global Health Group Policy
- Lifestyle Protection Critical Care
- Lifestyle Protection Group Policy
- Group Overseas Travel Insurance
- FlexiCare Group Insurance Policy
- ProHealth Group Insurance Policy
6. Bajaj Allianz Health Insurance Company Limited
Bajaj Allianz Health Insurance offers family discounts and lifetime reliability options. You can get cashless claims settlement in over 6500+ hospitals. It has a also incurred claim ratio (77.61%). It offers maximum coverage at affordable rates that are easy to purchase/renew online. Bajaj Allianz offers many benefits such as cashless treatment, tax benefits and daily hospital cash.
Best Health Plans by Bajaj Allianz
- Bajaj Allianz Silver Health Insurance Plan
- Bajaj Allianz Health Infinity Plan
- Bajaj Allianz Critical Illness Plan
- Arogya Sanjeevani Policy
- Bajaj Allianz Critical Illness Plan
- Bajaj Allianz Personal Guard
- Bajaj Allianz M Care Health Insurance Plan
7. Star Health & Allied Insurance Company Limited
Star Health, India’s first independent health insurance provider, was established in 2006. Star Health offers a great service and innovative products that cater to individuals, families, and corporations. The company offers outstanding services in overseas Travel Insurance and personal accident insurance. Star Health is primarily into Bancassurance, and has a strong relationship with many banks. The insurer boasts a 90% incurred claims ratio. The company currently has more than 11000 cash hospitals and 640+ branches throughout the country.
Popular Star Health Insurance Plans
- Red Carpet
- Special Care
- Cardiac Care
- Diabetes Safe
- Family Delite
- Criticare Plus
- Star Health Gain
- Cancer Care Gold
- Star Comprehensive
- Corona Kavach Policy
- Family Health Optima
- Corona Rakshak Policy
- Star Novel Coronavirus
- Arogya Sanjeevani Policy
- Star Care Micro Insurance
- Young Star Insurance Policy
- Medi Classic Insurance Policy
- Outpatient Care Insurance Policy
- Star Micro Rural And Farmers Care Policy
8. New India Assurance Company Limited
New India Assurance Company Limited, a multinational insurance company that is owned by the Government of India, is a multi-national general insurance company. It is renowned for its Mediclaim policy, which offers unique features for health insurance policies. It is currently active in 28 countries and works with non-life companies. The plan includes 1200+ cashless hospitals and a 103.74% incurred claim ratio. The health plan can be used to cover up to six family members. The plan includes a lifetime renewal benefit and pre- and post-hospitalization coverage. New India Health Insurance offers online renewal.
New India Assurance Health Insurance Plans
- Mediclaim 2007 Policy
- Union Health Care Policy
- New India Asha Kiran Policy
- New India Top Up Mediclaim
- New India family floater Mediclaim Policy
- New India’s Senior Citizen Mediclaim Policy
- Rasta Apatti Kavach (Road Safety Insurance)
- New India Assurance – Mediclaim 2012 Policy
- New India Assurance Personal Accident Policy
- New India Health Insurance Janata Mediclaim Policy
9. Oriental Insurance Company Limited
It is a government-owned insurance company that offers health insurance products and a variety of other benefits. A medical exam is not required for anyone over 60. There are 4300+ hospitals in the network that offer cashless treatment. It has a rate of 85.39% for incurred claims. Oriental Health Insurance provides plans that cover up to seven family members and a lifetime renewal benefit.
Top Health Plans by Oriental
- Jan Arogya Bima Policy
- Oriental Cancer Protect
- Group Mediclaim Policy
- Oriental Dengue Kavach
- Arogya Sanjeevani Policy
- Happy Family Floater Policy
- Oriental Critical Illness Policy
- Oriental Super Health Top-up
- Pravasi Bharatiya Bima Yojana
- Overseas Mediclaim Policy (E&S)
- Oriental Happy Cash-Nischint Rahein!
- Mediclaim Insurance Policy (Individual)
- Corona Kavach and Group Corona Kavach
- Oriental Insurance Bank Saathi Policy – Group
- Overseas Mediclaim Policy- Business and Holiday
10. National Insurance Company Limited
National Insurance Company has been a government entity for over 100 years. After four years of claims, it offers a free health check-up benefit of up to 1% of the insured sum. It has over 6000 hospitals in its network and has an 114.24% claims ratio. These plans include add-on coverages, cashless claims and many benefits such as free health checks, cashless benefits and coverage for inpatient, daycare, prehospitalization and post-hospitalization treatment, ambulance, etc.
Top Health Plans of National Insurance
- National Mediclaim Policy
- Arogya Sanjeevani Policy
- Corona Kavach Policy
- National Parivar Mediclai
- National Mediclaim Plus Policy
- Parivar Mediclaim Policy for Family
- Overseas Mediclaim Business and Holiday
- Overseas Mediclaim Employment and Studies
Conclusion
Most medical insurance companies offer a variety of policies with different terms. If you are buying for your family, it is a good idea to select the best plan for you. Don’t wait for misfortunes to strike. Compare insurance plans and choose the most suitable plan from a well-respected company to get insured.
More Stories
Understanding the Health Implications of THC Vaping
Learn How Omega-3 Fatty Acids Improve Your Gut Health
The Financial Realities of Battling Cancer in the Indian Healthcare System