There are times when we are faced with an emergency and require instant medical attention. For that, we visit the hospitals but then after the treatment, it hits us that we need to pay up the expensive medical bills that the hospital has slapped us with.
To be financially ready in these dire times of need when we need to be quick on our wits and feet, a list of health insurance companies in India is there to help us. Many health insurance companies provide us with amazing plans and offer health insurance to us so that all our requirements are fulfilled and our struggle is shared by the companies too.
Our list of health insurance companies in India will help you to select the perfect health insurance plan for you.
Health Insurance Companies in India – Overview
| Top 10 Health Insurance Companies In India | Founder | Year | Website |
| IFFCO Tokio General Insurance | Anamika Roy Rashtrawar | 2000 | Â https://www.iffcotokio.co.in/ |
| Care Health Insurance | Religare | 1984 | Â https://www.careinsurance.com/ |
| Magma HDI health insurance | Vijay Deshwal | – | https://www.magmahdi.com/ |
| The Orient Insurance Company | Government of India | 1947 | https://orientalinsurance.org.in/ |
| New India General Insurance | Dorabji Tata | 1919 | https://www.newindia.co.in/portal/ |
| Bajaj Allianz General Insurance | Bajaj Finserv LTD. | 2001 | Â https://www.bajajallianz.com/ |
| Max Bupa Health Insurance | Fettle tone LLP | 2008 | https://www.maxbupa.com/ |
| Navi General Insurance | Sachin bansal | 2016 | https://www.naviinsurance.com/ |
| HDFC ERGO General Insurance | HDFC and ERGO group | 2002 | https://www.hdfcergo.com/einsurancepedia/index.html |
| Manipal Cigna Health Insurance | Manipal Education and Medical Group International India Pvt. Ltd. | 2014 | https://www.manipalcigna.com/ |
Top Health Insurance Companies in India
The following list of best health insurance companies in India caters to the requirements of the insurer when they develop the most critical sickness and offers the best offers that are available out there.
1. Bajaj Allianz General Insurance
Bajaj Allianz General Health Insurance comes in the list of best health insurance companies in India. This health insurance company offers a lot of amazing benefits to its insurers and that is what makes it one of the top health insurance companies in India.
What got it to the list of best health insurance companies is the fact that it offers captive TPA services to its insurers. One of the top health insurance companies in India, Bajaj Allianz Health Insurance has an outstanding incurred ratio of 85%.
Making it to the list of best health insurance companies in India provides three products that are a major part of health insurance. They are Health Guard, Silver Health, and Star Package.
Bajaj Allianz does not only offer coverage to individuals but also to families and senior citizens, which includes in the list of best health insurance companies. This health insurance company has bagged a place among top health insurance companies in India because it has created some health plans, especially that have coverage over life-threatening diseases.
Lying among the list of health insurance companies in India, this health insurance company provides the facility to carry out cashless transactions to their insurers and this facility is available in more than 6500 hospitals all over India. This best health insurance company offers a cashless claim settlement facility for their policyholders which is available in more than 6500 hospitals.
Top 5 Health Insurance of Bajaj Allianz
| S.no | Insurance Plans | Sum Assured | Entry Age |
| 1 | Bajaj Allianz Health Guard Individual Policy | Rs.1.5 lacs to Rs.50 lacs | 3 months to 30 years |
| 2 | Bajaj Health Guard Family Floater Option | Rs.1.5 lacs to Rs.50 lacs | 3 months to 30 years |
| 3 | Bajaj Allianz Extra Care Health Plan | Rs.10 lacs to Rs.50 lacs | 3-6 months and 18 years |
| 4 | Bajaj Allianz Premium Personal Guard Policy | Rs.10 lacs to Rs. 25 lacs | 5 years to 18 years |
| 5 | Bajaj Allianz Critical illness Health Insurance Plan | Rs. 1 lacs to Rs.50 lacs | 6 years to 18 years |
2. Care Health Insurance
One of the top health insurance companies in India, Care Health Insurance earlier used to be known as Religare Health Insurance Company. What makes it to be included in the list of the best health insurance companies in India is its ability to surpass all odds and grow to a great extent.
Mostly included in the list of health insurance companies in India, this health insurance company has incurred a claim ratio of 93%. This health insurance company is among the list of best health insurance companies in India because of its outstanding performance with the Fortis hospitals all over India. Making its mark amongst the top health insurance companies in India, this company offers people and family-oriented plans and does not ignorantly leave behind the needs of mental health patients too.
This health insurance company is one of the best health insurance companies in India because of its ability to cash out its insurance premium within 2 hours by its insurers or their nominees.
What makes it to the list of best health insurance companies in India is the fact that it offers an annual health check-up to its clients or insurers that is included in most of its plans offered by it.
Because its approach to care for the insurers or policyholders who are heart patients specifically by arranging health care heart plans makes it one of the top health insurance companies in India.
Top 5 Health Insurance of Care Health Insurance
| S. No. | Policies of Care Health Insurance | Term Insurance | Sum Assured |
| 1 | Care Health Joy Insurance Plan | 1, 2, 3 years | Rs. 3 lacs to 5 lacs |
| 2 | Care Health Care Senior Insurance Plan | 1, 2, 3 years | Rs. 3 lacs to 10 lacs |
| 3 | Care Health Enhance Super Top-up Plan | NA | Rs. 1 lacs to 30 lacs |
| 4 | Care Health Care Freedom | 1, 2, 3 years | Rs. 3 lacs to 10 lacs |
| 5 | Care Health Critical Mediclaim Policy | 1, 2, 3 years | Rs. 10 lacs to 200 lacs |
3. Max Bupa Health Insurance
Max Bupa Health insurance is one of the top health insurance companies in India because it provides amazing plans and offers outstanding benefits to its policyholders or insurers in their times of need.
What makes it to the list of best health insurance companies in India is the fact that it has grown substantially and garners a claim ratio of an outstanding 54%. This health insurance company is one of the top health insurance companies because it does not specifically target a particular age group but has a variety of plans and offers for insurers of all ages. This company is on the list of health insurance companies in India because it offers tailor-made health insurance plans to all its policyholders.
What gets it to the top health insurance companies of India is the fact that it offers health insurance coverage to its clients not only in India but in 190 countries across the globe covering 9 major critical illnesses. This company is among the list of health insurance companies in India because it not only covers insurance over illness all through India but also can tactfully settle insurance claims within half an hour.
One of the top health insurance companies in India, this company offers health insurance to all its insurers who face life-threatening diseases under Max Bupa Criticare Health Insurance Plan.
Top 5 Health Insurance of Max Bupa Health Insurance
| S.no | Insurance Plans | Sum Assured | Cover Available |
| 1 | Reassure | Rs.10 lacs | Upto Rs.1 crore |
| 2 | Health Companion | Rs.5 lacs | Upto Rs.12.5 lacs |
| 3 | Health Premia | Rs.5 lacs | Upto Rs.7.5 lacs |
| 4 | Corona Kavach | Rs.5 lacs | upto Rs.5 lacs |
| 5 | Go Active | Rs. 5 lacs | Upto Rs.4 lacs |
4. New India General Insurance
New India General Insurance is one of the top health insurance companies in India which is fully owned by the government of India. This company has been on the list of health insurance companies in India since 1919. Positioned in the list of best health insurance companies in India this company is the most popular for its policy known as Mediclaim.
One of the top health insurance companies in India, this health insurance plans separate ratings for all the metros. Among the list of health insurance companies in India, this company has incurred a health claim settlement ratio of 92.68%.
Among the list of health insurance companies in India, this company has a specific plan that caters to family-based individuals where they offer protection of the insurer, their spouse, and two children who are still dependent on them making it to the list of best health insurance companies in India.
This company offers coverage against cancer under the plan that is known as the New India Cancer Guard Policy making it one of the top health insurance companies in India. This health insurance company, although completely owned by the government, offers global coverage to its insurers known as New India Global Mediclaim Policy ranking it at the top in the list of best health insurance companies of India.
Top 5 Health Insurance of New India General Insurance
| S.no | Insurance Plans | Sum Assured |
| 1 | New India Assurance Aarogya Sanjeevani Policy | Rs.1-5 Lakhs |
| 2 | New India Group Cancer Medical Policy | NA |
| 3 | New India Family Floater Mediclaim Policy | Rs. 2-5 Lakhs |
| 4 | New India Family Mediclaim 2012 | NA |
| 5 | New India Corona Kavach Policy | Rs. 50,000 – 5 lacs |
5. The Oriental Health Insurance Company
Like News India General Insurance, Oriental Health Insurance Company is also completely owned by the government of India. This health insurance has made its place among the top health insurance companies in India. This health insurance company is counted on the list of best health insurance companies in India because it offers a wide range of plans and amazing policies to its insurers or policyholders.
What makes it in the list of best health insurance companies in India is the fact that it does not demand a pre-policy medical test until the insurer is 60 years old, whereas other health insurance companies do not do that and ask for a medical examination of the policyholders who are below 45 years of age.
This company is among the top health insurance companies in India in the list of health insurance companies because its incurred health settlement ratio is 92.68%.
Because Oriental Health Insurance Company offers a different plan for families and individuals, the company ranks in the list of best health insurance companies in India.
Most of the health insurance is created according to the needs of the insurers but if that also does not suit the needs of the policyholders, then the company customizes its plans to suit the policyholder’s needs making it one of the top health insurance companies in India.
Policyholders can reap the benefits of health insurance in India with this amazing health insurance company as it has a secure network among 4300 hospitals all over the country thus ranking it in the list of health insurance companies in India.
Top 5 Health Insurance Policies of Oriental Health Insurance
| S. No. | Health Insurance Policy | Sum Insured |
| 1 | Oriental Individual Health Insurance Plan | Rs.50000-5 Lacs |
| 2 | Oriental Happy Family Floater Plan | Rs.1.5 -10 Lacs |
| 3 | Oriental Overseas Mediclaim Plan | Rs.50,000 – 5 Lacs |
| 4 | Oriental Group Mediclaim Plan | NA |
| 5 | Jan Aarogya Plan | Rs. 5000 pa |
6. IFFCO Tokio General Insurance
IFFCO Tokio General Insurance Company is one of the top health insurance companies in India. What makes this global health insurance company rank in the list of health insurance companies in India is the fact that it garners a significant claim settlement ratio of 99.71%.
What makes this health insurance company rank among the top health insurance companies in India is the fact that it offers customizable and affordable plans to its insurers or policyholders so that they do not have to shoulder the burden of financial losses themselves.
This makes this company one of the top health insurance companies in India because it covers major critical illnesses through the various health plans it provides. Among the list of best health insurance companies, this company provides pre-planned procedures such as cataract, lithotripsy, et cetera.
Both pre and post-medical expenses of the insured and the people covered under the plan taken up by the insurer will be covered by the company which makes it one of the top health insurance companies in India. The charges of the room that the insured person uses while they are being treated, all the charges will be covered by the insurance company including it to the list of best health insurance companies in India.
Top 5 Health Insurance policies of IFFCO Tokio Health Insurance
| S. No. | Health Insurance Policies | Sum Insured | Online Renewal |
| 1 | Family Health Protector Policy | Rs.1 Lac to 30 lacs | Yes |
| 2 | Individual Health Protector Policy | Rs. 50,000 to 20 lacs | Yes |
| 3 | Swasthya Kavach Policy | Rs.1 lacs-5 Lakhs | Yes |
| 4 | Individual Medishield Policy | Rs. 50,000 to 5 lacs | Yes |
| 5 | Arogya Sanjeevani Policy | Rs.1 lacs to 5 lacs | YEs |
7. Navi General Insurance
Securing its position in the list of best health insurance companies in India, this health insurance company has more than 20 benefits in its health coverage plans. These plans include pre and post-hospitalization, medical expenses, covid-19 expenses, and hospitalization, 393-day care procedures, road ambulance cover, et cetera securing it in the list of best health insurance companies in India.
This company is listed in the list of health insurance companies in India because it does not take help from agents of any kind and the process of buying health insurance plans is a completely digital and paperless procedure.
Listing this company’s health insurance plans is so easy that it takes only the help of the internet and in 2 minutes the required policy is issued to the insurers on their application making it one of the top health insurance companies in India.
This company offers health insurance to policyholders in a huge range, ranging from rupees 2 lakh to rupees 1 crore. This is applicable for both families and individuals which makes it to the list of health insurance companies in India. Navi Health Insurance Company has its application which people can download from Google Playstore and can secure different plans and offers from there itself with the help of a single click. This company offers a simple and cashless claim that can be approved within 20 minutes. This tactfulness of the company makes it to the list of top health insurance companies in India.
Top 5 Health Insurance policies of Navi General Health Insurance
| S. No. | Health Insurance Policies | Sum Insured | Entry Age |
| 1 | Corona Kavach Policy | Rs. 50,000 to 5 Lacs | 1 day to 65 years |
| 2 | Corona Rakshak Policy | Rs. 50,000 to 2.5 Lacs | 18 years to 65 years |
| 3 | NaviCure | Rs.2 lacs-1 crore | NA |
| 4 | Group critical illness insurance policy | Rs. 10 Lacs to 50 lacs | NA |
| 5 | Arogya Sanjeevani Policy | Rs.1 lacs to 5 lacs | 18 years to 65 years |
8. HDFC ERGO General Insurance
HDFC ERGO General Insurance is one of the most trusted companies when it comes to buying health insurance. This company does not only provide impeccable plans and offers on their policies but also provides support when it comes to the health of the insurers by providing amazing customer support making it one of the top health insurance companies of India.
This company has made it to the list of best health insurance companies because it has created separate health insurance plans to cater to the needs of all its insurers. This company has made it to the list of best health insurance companies in India because of its plans that cater to the lifelong needs of the insurers by providing lifelong renewal so that the insurers do not have to stress about unforeseen emergencies.
What makes it one of the top health insurance companies is the fact that it provides a 5% bonus on the sum insured every year. This company makes perfect plans that specifically cater to the needs of not only the individuals but also the families and has created plans that suit the requirements of families with nuclear setups making it to the list of health insurance plans in India.
Top 5 Health Insurance policies of HDFC ERGO Health Insurance
| S. No. | Health Insurance Policies | Sum Insured | Recovery benefits |
| 1 | Silver Smart | Rs. 3 lacs to 5 Lacs | Rs. 50,000 |
| 2 | Gold Smart | Rs. 7.5 lacs to 15 Lacs | Rs. 15000 |
| 3 | Platinum Smart | Rs.20 lacs to 75 lacs | Rs. 25000 |
| 4 | Health suraksha | Rs. 5 lacs | NA |
| 5 | Optima Restore | Rs. 5 lacs | NA |
9. Magma HDI Health Insurance
Magma HDI Health Insurance Company is on the list of best health insurance companies because of the great plans and offers it provides on its policies to the insurers. What lands it on the list of best health insurance companies in India is the fact that it has an incredible 95.17% health claim settlement ratio. In the list of health insurance companies in India, it ranks among the top ones because of its amazing customer support and the huge network of more than 4300 hospitals it has all over India.
This health insurance plan is most loved by women because it provides a maternity cover which also gets it to the list of health insurance in India. One of the reasons this company is popular among all the citizens of India is because it offers its insurers the AYUSH cover which can go as high as 10% taking it to the list of health insurance companies in India.
Even the people who have become unemployed due to various reasons and especially due to the tough times because of covid-19, this company offers various insurance plans and offers to its insurers which secures its place in the list of best health insurance companies in India.
Top 5 Health Insurance policies of Magma HDI Health Insurance
| S. No. | Health Insurance Policies | Sum Insured | Entry Age |
| 1 | One Health | Rs. 2 lacs to 1 crore | Completed years of age |
| 2 | Individual Personal Accident | Rs. 1 lacs – 5 crore | 18 years – 65 years |
| 3 | Loan Guard | Rs. 1 lacs – 5 crore | 18 years |
| 4 | Magma HDI mediclaim Policy | Rs. 10 Lacs to 50 lacs | 18 years |
| 5 | Magma HDI Group health suraksha | Customisable | NA |
10. Manipal Cigna Health Insurance Company
The list of health insurance companies that are also the top health insurance companies in India will not be complete without Manipal Cigna Health Insurance Company. This health insurance company is on the list of best insurance companies in India as it provides a lot of health benefits on the plans and offers they provide to the policyholders or the insurers. This company has a standard health claim settlement ratio of 85.72% and an amazing network of more than 6500 hospitals all over the country.
What gets it to the list of health insurance companies in India is its ability to provide cashless transactions at more than 6500 hospitals all over the country. Policyholders of any kind of health insurance of this company are guaranteed a cumulative bonus of up to 200% of SI making it to the list of health insurance companies in India. This company has secured its position in the list of health insurance companies in India because it provides the benefits of saving tax under Sec 80D, IT Act.
Top 5 Health Insurance policies of Manipal Cigna Health Insurance
| S. No. | Health Insurance Policies | Sum Insured |
| 1 | Pro Health | Rs. 2.5 lacs to 1 crore |
| 2 | Lifetime Health | Rs. 50 lacs – 3 crore |
| 3 | Pro health Select | Rs. 0.5 lacs – 25 lacs |
| 4 | Super Top Up | Rs. 1 Lacs to 30 lacs |
| 5 | Arogya Sanjeevani Policy | Upto 10 lacs |
Health Insurance Companies in India- FAQs
Q1. What is the health settlement claim ratio of Magma HDI Health Insurance?
Ans. What lands it on the list of best health insurance companies in India is the fact that it has an incredible 95.17% health claim settlement ratio. In the list of health insurance companies in India, it ranks among the top ones because of its amazing customer support and the huge network of more than 4300 hospitals it has all over India.
Q2. What is the health settlement claim ratio of Manipal Cigna Health Insurance Company?
Ans. This health insurance company is on the list of best insurance companies in India as it provides a lot of health benefits on the plans and offers they provide to the policyholders or the insurers. This company has a standard health claim settlement ratio of 85.72% and an amazing network of more than 6500 hospitals all over the country.
Q3. Why is HDFC ERGO General Insurance popular?
Ans. What makes it one of the top health insurance companies is the fact that it provides a 5% bonus on the sum insured every year.
This company makes perfect plans that specifically cater to the needs of not only the individuals but also the families and has created plans that suit the requirements of families with nuclear setups making it to the list of health insurance plans in India.
Q4. Is there an app for Navi General Insurance Company?
Ans. Navi Health Insurance Company has its application which people can download from Google Playstore and can secure different plans and offers from there itself with the help of a single click.
This company offers health insurance to policyholders in a huge range, ranging from rupees 2 lakh to rupees 1 crore. This is applicable for both families and individuals which makes it to the list of health insurance companies in India.
Q5. Are there any insurance companies that operate globally?
Ans. IFFCO Tokio General Insurance Company is one of the top health insurance companies in India. What makes this global health insurance company rank in the list of health insurance companies in India is the fact that it garners a significant claim settlement ratio of 99.71%.
What makes this health insurance company rank among the top health insurance companies in India is the fact that it offers customizable and affordable plans to its insurers or policyholders so that they do not have to shoulder the burden of financial losses themselves.
Q6. What are some benefits that IFFCO Tokio General Insurance Company provides to its policyholders?
Ans. Among the list of best health insurance companies, IFFCO Tokio General Insurance Company provides pre-planned procedures such as cataract, lithotripsy, et cetera.
Both pre and post-medical expenses of the insured and the people covered under the plan taken up by the insurer will be covered by the company which makes it one of the top health insurance companies in India.
The charges of the room that the insured person uses while they are being treated, all the charges will be covered by the insurance company including it to the list of best health insurance companies in India.Â
Q7. Are there any government-owned insurance companies in India?
Ans. New India General Insurance is one of the top health insurance companies in India which is fully owned by the government of India. This company has been on the list of health insurance companies in India since 1919.
Like News India General Insurance, Oriental Health Insurance Company is also completely owned by the government of India. This health insurance has made its place among the top health insurance companies in India. This health insurance company is counted on the list of best health insurance companies in India because it offers a wide range of plans and amazing policies to its insurers or policyholders.
What makes it in the list of best health insurance companies in India is the fact that it does not demand a pre-policy medical test until the insurer is 60 years old, whereas other health insurance companies do not do that and ask for a medical examination of the policyholders who are below 45 years of age.
Q 8. What are the benefits offered by Manipal Cigna Health Insurance Company?
Ans. There are many benefits offered by Manipal Cigna Health Insurance Company.
- What gets it to the list of health insurance companies in India is its ability to provide cashless transactions at more than 6500 hospitals all over the country.
- Policyholders of any kind of health insurance of this company are guaranteed a cumulative bonus of up to 200% of SI making it to the list of health insurance companies in India.
- This company has secured its position in the list of health insurance companies in India because it provides the benefits of saving tax under Sec 80D, IT Act.
