Health Insurance Companies

Aditya Birla health insurance company is a subsidiary of Aditya Birla Capital Ltd. It was launched to simplify general insurance services for its customers. The company has a strong reputation with insurance providers across the globe such as in South-East Asia, the Middle East, and South Asia. 

Listed below are the benefits and features of buying medical insurance from Aditya Birla health insurance company:

• The insurance company offers cashless treatment in more than 8700 hospitals across 650 cities in India
• The insurer offers access to more than 800 fitness centres, yoga, gyms, and more
• The policyholders can also avail discounts on medicines across 2300 pharmacies in more than 250 cities
• In-patient Ayush treatment cover is also provided as per the plan opted
• The insurance company also provides access to fitness assessment centres, wellness centres, and diagnostic centres in addition to the hospitalization centres

Bajaj Allianz General Insurance Company has some health products that are very beneficial for customers from a particular age group. It was also the first to provide captive TPA services with certain additional benefits. Below are some of the features of Bajaj Allianz Health Insurance plans:

• One can select from 3 major health insurance products namely- Health Guard, Silver Health, and Star Package.
• The insurer offers health coverage to individuals, families, as well as senior citizens
• Bajaj Allianz's health insurance has designed specific health plans that cover life-threatening illnesses like strokes, tumours, cancer, etc.
• Additionally, the insurer makes cashless claim settlement facilities available in more than 6500 hospitals
• For international coverage, the insurer offers Global personal guard health plan
• Moreover, the insurer is known to settle cashless claims within 60 minutes

Commenced in August 2008, the company works in collaboration between Bharti Enterprises and AXA. Bharti AXA General Insurance owns 59 corporate offices in India. In the first year of operations, the company received ISO 9001:2008 certification, followed by an ISO 27001:2005. It is one of the most trusted and emerging insurance companies. Bharti AXA health insurance is known for its dedicated services, smooth customer relationships and hassle-free claim process. Below are some of the benefits of buying health plans from Bharti AXA Health Insurance:

• In most of the Bharti AXA health plans, there is no requirement for co-payment
• Certain plans provide unlimited hospital room rent
• There is the flexibility to choose the plan and you can avail of comprehensive medical cover up to Rs. 1 Crore
• Lifelong policy renewal facility is offered in all the Bharti AXA health insurance policies

Care Health Insurance Limited has shown tremendous growth in a short period of time, thereby setting a benchmark in the insurance market of India. Here are some of the key features of Care Health Insurance plans:

• There is a plan to meet everyone’s requirements namely- individual & family floater plan, health insurance plan for diabetes and hypertension, senior citizen plan, and top-up plans
• The insurer offers cashless claim approval within 2-hours in most of the cases
• Most of the plans offer annual-health check facility to the insured members
• For pre-existing health ailments and annual cardiac check-ups, Care Health Care Heart plan is available

Based on the T3 motto- ‘Trust, Technology and Transparency’ Cholamandalam GI Co. Ltd. was founded in the year 2001. The company has spread its business across the country and now it has 109 branches across the country. 

In the year 2011, it was awarded the Financial Insights Innovation Award at the Asian Insurance Congress for its innovativeness. Cholamandalam health insurance offers health coverage with attractive features and benefits at an affordable cost. Cholamandalam medical insurance plans are undoubtedly a safe bet for the following reasons:

• Cholamandalam health insurance company has more than 136 branches across India
• Both critical illnesses as well as and the accidental cover is available (in selected health plans)
• Most medical insurance plans cover pre-hospitalization expenses for 30 days and post-hospitalization expenses for 60 days
• Some health plans also offer annual health check-up facilities
• The insurer provides one of the most extensive family health plans, individual health plans, top-up plans, and critical illness insurance plans

Go Digit General Insurance Limited is headed by Mr Kamesh Goyal, CEO. In the last year only, the insurer has issued more than 10 lakh policies. The company also has a record of settling 87% of the claims in just one day. The insurance provider has also been felicitated with Asia’s General Insurance Company of the Year Award 2019. Let’s check out what makes Digit Health Insurance a suitable choice:

• The sum assured options range from as low as Rs. 1 lakh to Rs. 3 crores
• The insured can avail of cashless hospitalization cover in close to 6400 hospitals PAN India
• Digit health insurance plans are online and digital-friendly and can be purchased without much paperwork
• Moreover, there are no sub-limits on the hospital room rents

Zuno (Formerly Edelweiss) General Insurance is one of the most popular insurance providers in India and is trusted by millions of customers for its legacy bestowed by the Zuno (Formerly Edelweiss) Group. The insurance provider has been recognized with numerous awards such as the SAP Process Innovation Awards. Here are some of the advantages that the policyholder can avail on the purchase of Zuno (Formerly Edelweiss) health insurance plans:

• Zuno (Formerly Edelweiss) health insurance policies are designed to cover in-patient, pre and post-hospitalization expenses, critical illnesses, accidents, diseases, etc.
• The insurer offers SI ranging from 1 lakh to 5 crores.
• The insurer also facilitates with zero deposit and guaranteed bed to the policyholder
• 14 medical procedures such as maternity, gall bladder removal, cataract, etc, have zero discharge time across most of the hospitals

Future Generali India Insurance Company Limited is a joint enterprise between the Future Group of Industries and the Generali Group. Future Generali health insurance plans are tailor-made to meet the requirements of different kinds of medical insurance seekers. Below are some of the benefits of buying Future Generali health plans:

• There are different kinds of Future Generali medical insurance policies to cater to the needs of a wide range of customers i.e. Personal Accident plans, Critical illness policies, Hospital cash, Arogya Sanjeevani policy, mosquito insurance, Mediclaim insurance, Top-up plans, Senior Citizen insurance, etc.
• The insurer provides cashless hospitalization in more than 5100 hospitals PAN India
• Most of the health plans come with a lifelong renewability option
• To ensure convenience to the policyholders the insurer provides cashless hospitalization in approval in merely 90 minutes
• Additionally, the insured members can have easy access to the policy details with the Future Generali mobile app

IFFCO-Tokio General Insurance began its operations on December 4th, 2000 in collaboration among the Indian Farmers Fertilizer Co-operative (IFFCO), Nichido Fire Group and a popular Japanese insurance group - Tokio Marine.

The company’s incurred claim settlement ratio in the fiscal year 2020-2021 was 99.49%. Incurred Claim Ratio is the ratio of the total claims settled by the insurance company to the total amount of premium collected in that particular year. Here are some of the reasons to buy IFFCO Tokio health insurance:

• With IFFCO Tokio health insurance plans you can provide healthcare treatment to your family in case of any sudden illness, disease or injuries, which may require hospitalization, medical or surgical treatment, organ transplantation
• IFFCO Tokio health insurance plan compensates expenses incurred on chemotherapy, pacemaker, organ transplant, radiotherapy, dialysis, surgical appliances, blood, oxygen, operation theatre, medicines, drugs etc.
• The health insurance company caters to the rural population as well
• This company has the technical know-how to provide its customers timely and hassle-free claim settlement experience in a quick and efficient manner
• It also offers additional cover on critical illnesses by paying some extra premium on an existing health insurance policy

Kotak Mahindra General Insurance Company was formed as a subsidiary of the Kotak Mahindra Bank to serve the general insurance sector including health insurance and other domains. The insurer operates with more than 13 branches in PAN India. Customers can pick from a range of customised medical policies offered by Kotak Mahindra Health Insurance with the following features and benefits:

• Kotak health plans can be selected to cover basic emergency hospitalization and life-threatening illnesses like a benign tumours, end-stage liver diseases, coma, loss of speech, etc. as well
• The plans cover heart attack, cancer, organ transplants and personal accidents
• Kotak secure shield plan also provides loss of job benefits to the insured members along with child education benefits
• Some special coverage benefits in the policies include- Air ambulance cover, home nursing, compassionate visit, maternity cover, and new-born baby cover, among other benefits

*All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply.

Liberty General Insurance Limited started its operations in the year 2013. It is a collaboration among Liberty Mutual Insurance Group, DP Jindal Group, Liberty City state holdings PTE Ltd. and Enam Securities. The insurer is present in more than 23 states PAN India with over 5000 network hospitals. Some of the benefits of buying Liberty health insurance plans are given below:

• The insurer offers Unique Loyalty Perk Benefits and the sum assured increases by 10% to 100% for every claim-free year
• The policyholder also gets a free-look period of 15 days to cancel the policy post-purchase
• The health plans are designed to offer wider health protection coverage, and higher sum assured options
• One of the unique features include preventive care facilities such as first medical opinion, Live health talk, etc.

With an ICR of 56.09% for the fiscal year 2020-2021, Niva Bupa Health Insurance Company Limited is a standalone health insurance company in India. This company offers its health insurance policies to individuals from all age groups. Below are some of the benefits offered by Niva Bupa Health Insurance:

• Niva Bupa health plans offer cashless hospitalisation pan India across +7600 network hospitals
• The insurer also provides cashless claim authorization within 30-minutes
• There is a provision to cover life-threatening illnesses under the Niva Bupa Criticare health insurance plan

Manipal Cigna Health Insurance Company is comparatively a new player in the Indian insurance market, as it was launched in 2014. Its Incurred Claim Ratio for the fiscal year 2020-2021 is 61.13%. Below are some of the features of Manipal Cigna health insurance plans:

• One can select from a few health plans including top-up health plans, critical illness plans, accidental care, lifestyle plan, etc.
• Sum insured for various plans ranges from Rs. 0.25 lakh - up to 10 crores.
• Most of health plans are customizable to meet customer’s needs and preferences
• The insurer also offers one of the most comprehensive critical illness plans covering nearly 30 major illnesses
• In almost every medical plan the insurer provides 100% sum restoration of the sum insured
• The insured can easily track health insurance claims online

National Insurance Company Ltd. is a full government entity, which has been serving its customers for more than a century and provides health insurance coverage. Below are some of the benefits of buying National Health Insurance plans:

• National Insurance Company has more than 6000 hospitals offering cashless treatment
• Most health plans cover the cost of treatment for 30 days before hospitalization and 60 days after hospitalization respectively
• Some health plans also offer free health check-up benefits up to 1% of the Sum Insured on completion of 4 claim-free years
• The company offers one of the most extensive family health plans i.e. Parivar Mediclaim policy that offers coverage for up to 6 family members under a single plan

National General Insurance Company offers Varishtha Mediclaim which covers senior citizens.

New India Assurance is a fully government-owned entity of India, which has been in operation since 1919. This company is well-known for its Mediclaim policy. The feature offered under this health insurance policy is that it provides different ratings for major metros. Below are some of the features of New India Assurance health insurance:

• New India Assurance offers a comprehensive health insurance plan for families offering protection to themselves, spouse and two dependent children
• The insurer offers one cancer coverage plan i.e. New India Cancer Guard Policy
• The company also offers New India Pravasi Bhartiya Beema Yojana for emigrants with ECR or ECNR

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 55 years. Below are some of the benefits of buying Oriental health plans:

• The insurer’s Incurred Claim Ratio stood at 92.97% for the fiscal year 2020-21.
• Oriental Health Insurance company offers both family floater and individual health insurance plans
• Most health insurance policies can be customized as per the customer’s needs.
• Moreover, the insurer has tie-ups with more than 4300 network hospitals where the insured members can avail of cashless treatment

Reliance General Insurance Co. Ltd. is one of the most renowned insurers in India. The insurer has 139 offices across India offering seamless services to its customers. They are also present abroad. The provider has a huge customer base including individuals, corporates and SMEs. With online purchase and renewal services, they are Reliance health insurance plans are very accessible.

• The insurer offers the flexibility to pay the premium online through your debit card, credit card, net banking, etc. at your convenience
• Reliance health insurance offers restoration upon exhaustion of the base sum Insured
• Also, pre-existing diseases are covered after a waiting period of 4 years
• Health check-up expenses are reimbursed on completion of 4 claim-free years in most of the Reliance health insurance plans

Provided by Raheja QBE General Insurance Company Limited, this general insurance company was established to provide insurance services to its partners and consumers in the most seamless manner. Some of the features and benefits of Raheja QBE health insurance are given below:

• The insurance company offers a wide range of health policies such as basic health plan, comprehensive health insurance plan, A-La-Carte plan to include add-ons, super saver medical plans, etc.
• One of the unique features of Rajeha QBE health insurance plans is you get a 10% sum insured increase if you avail of cashless treatment in a network hospital
• Raheja QBE health insurance plans also offer no-claim bonus benefits and domiciliary hospitalization cover
• The sum insured limit in all the health insurance plans ranges from Rs. 1,00,000 to Rs. 50,00,000

Royal Sundaram General Insurance Co. Ltd. company has been felicitated with many awards for its efficient claim management services. It offers comprehensive insurance plans with innovative features and solutions. Take a look at some key features of Royal Sundaram health insurance plans:

• Royal Sundaram Lifeline Elite also offers worldwide emergency hospitalization expenses 
• Royal Sundaram lifeline supreme plan also offers a second opinion for 11 major critical illnesses
• The policyholder can avail of no-claim bonus (NCB) benefits between 10-50% of the sum assured. It is not reduced if a claim is filed in a particular year
• 100% restoration of the sum insured and No-claim discount if the coverage amount is exhausted during the treatment of different diseases 
• Domiciliary hospitalization and maternity coverage, are also provided in most of the plans

Star Health & Allied Insurance Company offers some of the most comprehensive medical plans for you and your family. The coverage can be as high as 2 crores. Below are some of the coverage benefits offered by Star Health insurance plans:

• The company has an in-house claim settlement procedure to deal with cashless hospitalization facilities.
• Star health insurance also offers a range of products covering Diabetes and HIV+ patients.
• Star health insurance has more than 13,000 hospitals where the insured can avail of cashless medical treatment
• The best part is that most of the Star health plans come with a lifetime renewability option
• The insurer also provides top-up health insurance plan that can be customized as per the insured’s needs

SBI Health Insurance Co. Ltd is a joint venture between the State Bank of India (SBI) and Insurance Australia Group. SBI holds a 74% stake while a 26% stake is held by Insurance Australia Group. SBI General Insurance has 139 branches across India. The company also reported a 50% increase in health insurance GWP in the fiscal year 2021-2022.

Here are some of the key features of SBI Health Insurance Plans:

• One can choose the amount of sum assured between Rs. 50,000 and Rs. 1 crore
• Applicants with a clean medical record do not require medical screening up to the age of 45 years
• Most health insurance plans cover pre and post-hospitalization expenses including nursing expenses
• Moreover, one can easily renew SBI health insurance plans online

Tata AIG General Insurance Company Ltd. works in collaboration between the American International Group and the TATA Group. The insurer commenced its operation in the year 2001. Since then it has earned a popular name in the Indian insurance industry. Tata AIG has tie-ups with over 7200 hospitals for cashless treatment across India. Tata AIG health insurance plans come with the following range of benefits-

• The insurer offers customized health plans for individuals, families, senior citizens, critical illnesses, and medical emergencies
• The insurer offers lifelong renewability and the new premium will be decided based on the revised age without any loading if no claim has been filed
• Tata AIG medical policies also recompense medical treatment taken at home if required as part of the treatment
• The plans are also designed to compensate for the cost of Homeopathy, Siddha, Unani, and Ayurveda treatment

United India Insurance Co. Ltd. is a merger of several Indian insurance companies and is one of the oldest general insurance companies in India. Dating back to 1938, it is headquartered in Chennai. The insurer offers affordable and personalized health plans to its customers. Furthermore, United India Insurance Company Ltd. has got ICRA accreditation for high solvency margin ratio and claim paying ability. Check out the benefits offered by United India health insurance policies:

• United India offers Health Insurance offers cashless medical treatment in more than 7000 hospitals across India
• The policyholders can avail of free medical check-ups after completion of 3-consecutive claim-free years
• The insurer offers a 5% of family discount on the premium paid for self, spouse and dependent children under one plan
• 15 days of free look period is provided from the date of policy inception to analyse the policy benefits and to decide whether to continue it or not
• Also, the premium paid can be availed for tax exemption benefits by the policyholder for both the individual and family plan

Universal Sompo General Insurance Company was established in 2007 as a public-private undertaking. It is a collaboration among Dabur Investment Corporation, Sompo Japan, and Karnataka Bank, Allahabad. Some of the salient features of Universal Sompo health insurance are listed below-

• The Insurer offers diversified plans available for families, individuals, groups, students, SMEs, NGOs, and the likewise
• The company also offers cashless hospitalization in more than 5000 hospitals across India
• Almost all medical insurance plans offer lifetime renewability to the insured members
• Moreover, Universal Sompo health insurance also offers special Mediclaim plans for people working abroad/rural people/groups