Every year, a list of top health insurance companies in India is declared which helps in taking the right insurance decision. There are few important features that help it to rate the insurance companies, such as their performances, Incurred Claim Ratio, and overall benefits offered to their customers. With the increasing risk of life-threatening diseases and the soaring costs of medical treatment having an adequate health insurance cover is definitely the need of the hour.
There are a plethora of options when it comes down to buying health insurance policy for you. Not only this, there are a number of insurance providers that offer the best deal of health insurance to its customers. However, it is actually not possible to figure out which is the best insurer that can actually fulfill all your needs and requirements while deciding an appropriate health plan for you.
We have listed some of the best health insurance providers in India. You can check their Incurred claim ratio, the number of network hospitals, and other features while selecting a health insurance provider. Below is the list of top 10 health insurance companies in India. You can compare them on the basis of coverage benefits and their features and then make a choice.
Let’s read about some of the best health insurance companies in India.
Apollo Munich Health Insurance Company had an outstanding record of Incurred Claim Ratio of 92% for the fiscal year 2018-19, and it has brought additional benefits like portability and lifelong renewability options in its existing health insurance plans. Below are some of the coverage benefits offered by Apollo Munich Health Insurance Company:
Star Health &Allied Insurance Company offers some of the most comprehensive medical plans for you and your family. The insurer recorded the Incurred Claim Ratio of 90% for the fiscal year 2018-19. Below are some of the coverage benefits offered by Star Health Insurance Company:
Max Bupa is one of the best-known insurance companies in India, which had an Incurred Claim Ratio of 92% for the fiscal year 2018-19. This company offers its health insurance policies to individuals from all age groups. Below are some of the coverage benefits offered by Star Health Insurance Company:
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 26% stake is held by Insurance Australia Group. It operates out in around 14,000 official branches across the globe. With an Incurred Claim Ratio of 52.93% for the fiscal year 2018-19, SBI Health Insurance Company has issued 198876 policies. Here are some of the key features of SBI Health Insurance Company:
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 93% for the financial year 2018-19. It is being regularly appreciated and promoted by the Fortis Hospitals. Here are some of the key features of Religare Health Insurance plans:
Manipal Cigna 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 2018-19 is 91%. Below are some of the features of Manipal Cigna Health Insurance plans:
Bajaj Allianz General Insurance Company has some health products that are very beneficial for customers from a particular age group. Bajaj Allianz Insurance Company was the first to provide captive TPA services with certain additional benefits. Its Incurred Claim Ratio is 98% for the fiscal year 2018-19. Below are some of the features of Bajaj Allianz Medical Insurance plans:
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 97% for the fiscal year 2018-19. Below are some of the features of New India Assurance Company:
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 103.19% for the fiscal year 2018-19. Below are some of the benefits of buying health plans from National Insurance Company:
The best health product offered by the National General Insurance Company is Varishtha Mediclaim that offers coverage to senior citizens.
Over to you!
Hope this article has shared with you useful information regarding the 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.
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