Best Health Insurance Companies in India 2026

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List of Health Insurance Companies in India

How to Compare Health Insurance Companies in India

Factors to Consider Before Choosing a Health Insurance Company

Why Should You Compare Health Insurance Companies in India?

How to Choose an Ideal Health Insurance Company in India?

Best Health Insurance Company for Senior Citizens in India

Best Health Insurance Company for Families

Best Health Insurance Company for Long-Term Reliability

Best Health Insurance Company with Budget-Friendly Options

Benefits of Choosing the Ideal Health Insurance Company

List of Health Insurance Companies in India – in Detail

Health Insurance Companies in India: FAQs

List of Health Insurance Companies in India

Before you start with comparison, you must know how many health insurance companies are there in India. There are 28 health insurance companies in India that are approved by IRDAI, out of which 5 are standalone health insurance companies and 23 are general insurance companies.

Here is a look at the list of health insurance companies in India along with their Incurred Claim Ratio (ICR) as per the Insurance Regulatory & Development Authority of India (IRDAI) Annual Report of 2024-2025. You can also search for the best health insurance company in India as per the claim settlement ratio to understand how many claims are made to and paid by the company in a financial year.

Health Insurance Companies	Incurred Claim Ratio (2024-2025)	Solvency Ratio (as on March 2025)
Aditya Birla Health Insurance Company Limited	68.31%	1.84
Bajaj General Insurance Limited	84.96%	3.25
Care Health Insurance Limited	57.69%	1.68
Cholamandalam MS General Insurance Company Limited	66.67%	2.18
Generali Central (Formerly Future Generali) Insurance Company Limited	84.62%	1.96
Galaxy Health Insurance Company Limited	NA	4.70
Go Digit General Insurance Limited	93.87%	2.24
HDFC ERGO General Insurance Company Limited	80.98%	2.00
ICICI Lombard General Insurance Company Limited	78.85%	2.69
IFFCO Tokio General Insurance Company Limited	107.46%	1.85
Liberty General Insurance Limited	79.92%	1.75
Magma HDI General Insurance Company Limited	87.46%	2.02
ManipalCigna Health Insurance Company Limited	63.78%	1.76
National Insurance Company Limited	90.83%	-0.67
New India Assurance Company Limited	105.87%	1.91
Niva Bupa Health Insurance Company Limited	59.02%	3.03
Raheja QBE General Insurance Company Limited	106.27%	1.72
IndusInd (formerly Reliance) General Insurance Company Limited	89.42%	1.59
Royal Sundaram General Insurance Company Limited	92.06%	2.20
SBI General Insurance Company Limited	NA	2.03
Star Health & Allied Insurance Company Limited	66.47%	2.21
Tata AIG General Insurance Company Limited	77.94%	1.81
The Oriental Insurance Company Limited	101.96%	-1.03
United India Insurance Company Limited	109.23%	-0.65
Universal Sompo General Insurance Company Limited	105.76%	1.97
Zuno General Insurance Company Limited	88.45%	1.58
Zurich Kotak General Insurance Company (India) Limited	59.06%	5.73

*The above table was last updated on 10th March 2025.

Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in.

How to Compare Health Insurance Companies in India?

The rising healthcare costs in India have made health insurance a crucial aspect of our lives today. Before choosing your health insurance provider, you must first check whether it is legitimate. There are many ways through which you can compare and decide which health insurance company is the best. Some of the key metrics for comparing health insurance companies include the incurred claim ratio, claim settlement ratio, solvency ratio and the time taken to settle a claim.

Factors to Consider Before Choosing a Health Insurance Company

We know that it is important to thoroughly compare health insurance companies in India before purchasing a mediclaim policy. It cannot be said which is the number one health insurance company in India, as the definition of ‘best’ differs from one individual to another. However, there are certain key points to consider when choosing a health insurance company to ensure you make a suitable choice.

Here are the important factors to evaluate when deciding which is the best health insurance company in India:

Claim Settlement Ratio: Claim settlement ratio is the percentage of claims settled by the insurer against the claims received by them. The higher the CSR, the higher the probability of easy claim settlement.
Network Hospitals: A wide network of hospitals ensures that there are more options for availing cashless facilities. Some insurers also offer a discount for choosing to receive their treatment at the insurer’s recommended network hospital.
Claim Process: Easy and consistent the insurer’s claim settlements, the better the customer experience.
Brand Reputation: Choose an insurer that has a trusted repute and vast industry experience. Since health insurance is an intangible product, an insurer's reputation signifies reliability.
Solvency Ratio: A high solvency ratio indicates that the insurer can meet future, long-term financial obligations. The IRDAI guidelines mandate health insurance companies to maintain a solvency ratio of 1.5 (i.e., 150%).
Variety of Health Insurance Plans: Choose an insurer that offers a wide range of plans customized for different people (senior citizen health insurance, parents health insurance, etc.) or disease-specific plans, such as health insurance for diabetes, dengue health insurance, etc.
Waiting Periods: Choose an insurer that offers shorter waiting periods or flexibility to reduce them.
Customer Support: Choose an insurance company that offers 24/7 customer support. Efficient customer support signals that the insurer can be easily reached in the times of medical needs.

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Why Should You Compare Health Insurance Companies in India?

Now that we know how to compare health insurance companies in India, let us see why it is important. You should compare health insurance companies because not all health insurers in India are the same, as they do not offer the same level of coverage, services, and benefits at the same premium.

Comparing health insurance companies in India is crucial to finding the insurer that best suits your health needs and budget. Comparison allows you to evaluate not just their coverage and premiums, but also additional benefits and services that are important for gaining the value of the premium. It also provides an overall idea of how health insurance companies work, helping you make an informed decision when choosing which is the top health insurance company in India.

How to Choose an Ideal Health Insurance Company in India?

You may often wonder which are the top 5 health insurance companies in India and what makes them ideal. An ideal health insurance company is the one that:

Provides more comprehensive health insurance plans at affordable premiums
Is a reputed brand and has substantial industry experience
Has higher claim settlement ratio (ideally above 85-90%)
Has a wide network of top hospitals (7000+)
Has a decent number of healthcare providers in your neighbourhood. It should not take you more than 20-30 minutes to reach a hospital in a situation of medical emergency
Has a transparent and smooth claim process
Offers various renewal benefits and add-on options (no claim bonus, annual health check-ups, wellness discount, etc.)
Offers 24/7 customer support
Has a high positive customer reviews (ideally complaint ratio should be less than 20 per 10,000 claims)

You must always remember that there is no direct answer to which company’s health insurance is best. This is because different people have different health needs and require different coverage and benefits. Hence, it is crucial to know which company is best for health insurance according to your needs.

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Best Health Insurance Company for Senior Citizens in India

For senior citizens, the focus to choose the best health insurance company in 2026 should not be only on claim settlement ratio, instead ‘the best insurer’ should balance acceptance, claim accessibility, affordability and coverage benefits for an individual’s health condition.

Easy Profile Acceptance

The best health insurer for senior citizens is often the one that accepts their profile without much terms and conditions. For senior citizens, their age and pre-existing conditions highly impact profile acceptance, premium and imposed limitations.

Hence, choose a company that accepts the senior citizen’s profile and does not put major restrictions on them.
Higher Claim Settlement Ratio

Another crucial factor for senior citizens is the claim settlement ratio. This is because at their age, a delay in pre-hospitalization approval or claim acceptance can result in delayed treatment (which can be critical) or in major financial losses. They must prefer an insurer with at least 90% CSR. Also, try to get insights on real claim experiences of different customers to understand how easily the insurer accepts a claim and how long does it take to process it.
Minimal Co-Payment

Choose an insurer that offers lower co-payment options. Typically, insurers impose 30-50% co-payment on senior citizen health policies. Opt for an insurer that has a lower co-pay or offers an option to reduce co-payment to ensure that you have to pay minimal out-of-pocket expenses.
Specific Coverage

Check for higher coverage options for critical illnesses, chronic conditions and home care treatment since senior citizens are more likely to claim for their hospitalization or treatment.

Best Health Insurance Company for Families

Health insurance coverage for families can be challenging. The best health insurer for families is the one that streamlines shared risk and claim experience while providing wider coverage across all family members.

Is buying family floater policy the only option to cover multiple members?

While buying family floater health insurance may look like an optimal choice when wanting to cover multiple members, you must critically evaluate whether it is the right choice for your family.

For instance, if you want to cover family members including parents, the ideal choice is to buy separate health insurance for parents and a floater plan for other family members. If you are a small, nuclear family, a family floater plan would suffice. Buying a base policy and adding a top-up health insurance plan for a higher coverage can also be an optimal option if you fear coverage exhaustion in a floater plan.

Choose a health insurer that offers all types of plan options so that you can build a combination that best suits your family’s coverage requirements.

What are the factors to consider for choosing the best health insurance company for a family?

Diverse Coverage: With multiple family members under a single policy, it is important that coverage needs for all are met. Choose an insurer that provides diverse coverage benefits like maternity, OPD, daycare procedures, annual health check-ups, chronic disease management, etc., that meet the whole family’s requirements.
Network Hospitals: Since different family members have different medical needs, they need more flexible options. The insurer’s network of healthcare service providers must have hospitals that are multispeciality and in your vicinity.
Stronger Restoration Benefits: It is important to choose an insurer that provides automatic refill of sum insured to ensure the family gets continued coverage even when they exhaust the base sum insured in a policy year.
Opt for Better Claim Experience: Choose an insurer that does not just provide a high CSR, but have an overall positive claim experience. Check for its turnaround time for claim settlement, complaint ratio and ease of claim process.

Best Health Insurance Company for Long-Term Reliability

To find out which company provides the best health insurance in India, especially for long-term reliability, do not just look at a company that feels strong today. It is not just about present status, but also about future relevancy and financial stability. An ideal company will also have consistent claim settlements and stable premiums over time.

What are the key factors to consider when choosing a health insurer for long-term reliability?

Keep in mind the below factors when checking an insurer’s long-term reliability:

Solvency Ratio to Check Financial Strength

Checking insurer’s financial strength is the most crucial factor as it gives a wider picture of their future stability. Check for the company’s solvency ratio. According to IRDAI’s guidelines an insurer must maintain a minimum solvency ratio of 1.5 (or 150%). The higher the ratio, the healthier is its financial stability.

A weak solvency ratio may mean that the insurer does not have much ability to pay off its liabilities, hence it can delay claims or even sharply increase the premiums.
Past Claim Settlement Trends

Even if you find out which health insurance company has the best claim settlement ratio, it would only show one half of the picture, i.e., how much percentage of claims does the insurer pays. Another important factor to consider is the consistency of these numbers. Consistent CSR over time implies stable operations, signalling better reliability. Try to get the whole picture associated with claim settlements – CSR, past trends, and claim settlement duration & quality.
Check Incurred Claim Ratio

Incurred claim ratio (ICR) means how much claims did the insurer pay in comparison to the premium collected by them. ICR = claims paid ÷ collected premiums. Ideally, an insurer must have at least ICR between 70% and 90%.

An ICR lower than 50% often indicates that the insurer is rejecting more claims or not paying the full claim amount or overcharging for premiums. An ICR above 95-100% can mean that the company is under financial stress, resulting in struggles in future claim settlements or sharp premium hikes.
Complaint Ratio & Customer Reviews

Real customer experience contributes to the on-ground reputation of the insurer. If looking for long-term renewability, ensure that the insurer has more positive customer reviews and low complaint ratio (complaints made against the insurer per 10,000 claims).

Pro Tip: An insurer with high CSR and low complaint ratio can be a good choice, reflecting that they settle more claims and their claims have lower complaints.
Check Product Continuity

You must check whether the insurer withdraws plans frequently or changes a plan’s coverage or terms and conditions too often. Fewer plan withdrawals or policy redesigns imply more product stability, meaning more long-term reliability.
Regulatory Compliance

Insurers that are transparent with their data and processes and follow the IRDAI guidelines efficiently are more reliable in the long-term.

Best Health Insurance Company with Budget-Friendly Options

For most people, budget-friendly means lowest premiums. However, this is not the reality. A true budget-friendly option is the one that minimizes your total cost, not just the premiums, and does not turn out to be costlier at the times of claims.

How to choose an insurer with budget-friendly options?

To ensure that you choose an insurer with budget-friendly options you must compare their plan prices with the benefits they are offering and not just the premiums of different plans. A budget-friendly option is not the one that is cheaper in terms of premiums but costlier during claims.

For example, Plan A has a premium of ₹10,000, and out-of-pocket expenses under this plan amount to ₹1 lakh. However, Plan B has a premium of ₹14,000, but the out-of-pocket expenses in this plan are ₹20,000 only. In this case, even though Plan B’s premium is higher than Plan A, yet overall Plan B is a more budget-friendly option.

What type of health insurer should I choose to stay in my budget?

Choose a health insurance company that does not increase the premiums repeatedly or unpredictably, and offers a wide range of plans.

What are important points to consider for choosing an insurer with budget-friendly options?

To ensure that you choose a health insurance plan which is budget-friendly, it is important that:

You do not overbuy or underbuy coverage amount
Your plan does not have features that you may not use. For instance, OPD cover, maternity, etc.
Do not choose a co-payment of 20-30% for premium discounts. Choose deductibles or co-payments strategically, as it reduces the premium but increases your share in claim cost.

Benefits of Choosing the Ideal Health Insurance Company

Here are the key benefits of choosing an ideal health insurance company in India:

Choose from Variety of Health Plans - An ideal health insurance company offers a variety of medical insurance plans to choose from, including customized plans for senior citizens and women.
Wide Options of Sum Insured - A good health insurance company provides multiple sum insured options, allowing you to select a coverage amount that fits your health needs and budget.
Disease-specific Plans - Top-rated health insurance companies allow you to buy plans specific to a disease, like critical illness insurance, health insurance for high blood pressure, etc.
Wider Coverage & Renewal Benefits: A good health insurance company offers balanced coverage and renewal benefits in their plans. Comprehensive coverage ensures there are fewer coverage gaps. Renewal benefits, including cumulative bonus and preventive health check-up, provide continuity benefits to manage health risks over time.
24/7 Customer Assistance: Choosing an ideal health insurance company helps you get round-the-clock customer support anytime, anywhere. An ideal health insurer has a well-established grievance redressal system to handle all your complaints.
Higher Chances of Easy Claim Settlement: Top health insurance companies come with an easy claim process and ensure a faster & quicker settlement of claims.
Reduced Out-of-Pocket Expenses: When you choose an ideal health insurer, you get options to reduce out-of-pocket expenses with minimal co-payment or room rent modification options. Its wider network of cashless hospitals also helps to save upfront payments.
Wider Choice of Network Hospitals: With a good health insurer that keeps on expanding their network of cashless hospitals, you get wider options to choose from. The probability of your preferred neighbourhood hospital to be in the network also increases, helping you immensely during medical emergencies.
Reduced Risk of Claim Rejections: Since an ideal health insurance company lays its policies transparently and lists policy exclusions & limitations clearly, it helps you raise claims in a more informed way, resulting in reduced claim rejections for unexpected reasons.

List of Health Insurance Companies in India – in Detail

Check out the list of all IRDAI-approved health insurance companies in India:

Aditya Birla Health Insurance Company Limited
Aditya Birla Health Insurance Company Limited is a collaboration between Aditya Birla Group and MMI Holdings of South Africa. Listed below are the features and benefits of buying Aditya Birla health insurance plans:
- It offers customized medical health insurance plans for critical illnesses, cancer, etc.
- In-patient treatment, OPD treatment, AYUSH treatment and home treatments are covered.
- Annual health check-ups and recovery benefits are available.
- Pre-existing diabetes, high cholesterol, high blood pressure and asthma are covered from day 1.
- It offers the lowest maternity waiting period of 3 months, implying pregnant women can also buy its maternity plan.
- It provides Health Returns discounts of up to 100% under its plans.
- It has a dedicated team of Care Managers that assist policyholders during claims.
Bajaj General Insurance Limited
Bajaj General Insurance Limited (Formerly known as Bajaj Allianz General Insurance Company Limited) offers a variety of health insurance products, including plans catering to the needs of customers from a particular group, such as senior citizens, women, etc. It was also the first to provide captive TPA services with certain additional benefits. Below are some of the features of Bajaj health insurance plans:
- The insurer offers health coverage to individuals, families, as well as senior citizens.
- Hospitalization expenses, maternity expenses, OPD expenses and consumables expenses are covered.
- Preventive health check-ups and cumulative bonus are also available.
- It offers specific health plans that cover life-threatening illnesses, like strokes, tumours, cancer, etc.
- For international coverage, the insurer offers the Global Health Care plan.
- Most plans do not require pre-policy medical check-ups for up to 45 years.
- The insurer's in-house Health Administration Team (HAT) is known to settle cashless claims within 60 minutes.
Care Health Insurance Limited
Care Health Insurance Limited provides plans to meet everyone's health requirements, including individual& family floater plans, health insurance plans for diabetes and hypertension, senior citizen plans, and top-up plans. Here are some of the key features of Care health insurance plans:
- In-patient hospitalization, unlimited e-consultations and domiciliary hospitalization are covered.
- Instant cover under Care Supreme covers pre-existing asthma, diabetes, hyperlipidemia and hypertension from day 1.
- Most of the plans offer preventive health check-up facilities to the insured.
- Unlimited restoration of the sum insured and no claim bonus are available.
- The Care Heart plan is available for pre-existing cardiac ailments and annual cardiac check-ups.
- Wellness discounts of up to 30% are available.
- The insurer processes cashless claim approval within 2 hours.
Cholamandalam MS General Insurance Company Limited
Cholamandalam MS General Insurance Company Limited offers health coverage with attractive features and benefits at an affordable cost. It offers family health insurance, senior citizen health plans, maternity insurance and critical illness plans. Cholamandalam medical insurance plans are a safe bet for the following reasons:
- The insurer provides a diverse range of products, including individual health plans, top-up plans, and critical illness insurance plans.
- Hospitalization expenses, home treatment, AYUSH treatment and maternity expenses are covered.
- Global hospitalization, bariatric surgery and consumables cover are available.
- Most plans cover pre-hospitalization expenses for up to 30 days and post-hospitalization expenses for up to 60 days.
- Some health plans also offer annual health check-up facilities.
- Both critical illnesses as well as accidental cover are available (in selected health plans)
- A health week discount of up to 10% is available.
Generali Central (Formerly Future Generali) Insurance Company Limited
Generali Central (Formerly Future Generali) Insurance Company Limited is a joint enterprise between the Future Group of Industries and the Generali Group. Generali Central 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 these health plans:
- The insurer offers different kinds of medical insurance policies to cater to the needs of a wide range of customers, including personal accident, critical illness insurance, hospital cash insurance, top-up insurance, and senior citizen insurance plans.
- Day care treatments, hospitalization expenses and modern treatments are covered
- Cumulative bonus and preventive health check-ups are available
- It offers a family floater discount of up to 60%.
- The insurer processes cashless claims in merely 90 minutes.
- The policyholder can easily access their policy details with the Generali Central (Formerly Future Generali) mobile app.
Galaxy Health Insurance Company Limited
Galaxy Health Insurance Company offers affordable medical insurance plans for individuals and families catering to their specific health needs. Here are some of the reasons buying Galaxy health insurance plans is a good idea:
- Comprehensive coverage against a wide range of emergency and planned treatments are available
- Hospitalization expenses, maternity benefit, hospice care and OPD expenses are covered
- Coverage for PED asthma, blood pressure and cholesterol is available from 31st day.
- Home care treatment, bariatric surgery, cataract treatment and newborn baby expenses are covered
- No co-payment and pre-acceptance medical screening are required
- The insurer ensures hassle-free claims through their in-house claim settlement team.
- The customer support team is available for assistance round the clock.
Go Digit General Insurance Limited
Go Digit General Insurance Limited offers a diversified range of medical insurance plans for individuals and families in India. The company has a record of settling 75% cashless in just thirty minutes Check out what makes Digit Health Insurance plans a suitable choice:
- Coverage for domiciliary treatment, in-patient care and OPD expenses are available.
- Maternity benefit, worldwide cover and health check-up benefit are also available.
- Digit health insurance plans are available online and can be purchased without much paperwork.
- 10% city discount and 5% loyalty discount are available.
HDFC ERGO General Insurance Company Limited
HDFC ERGO General Insurance Company Limited provides a variety of medical insurance plans for individuals, senior citizens, families and women. Take a look at the key benefits of buying HDFC ERGO health insurance plans:
- Customized plans for critical illnesses, diabetes, cancer, hypertension, dengue, etc. are available.
- Hospitalization expenses, home healthcare, alternative treatments and OPD treatments are covered.
- Consumables cover, preventive health check-ups and recovery benefit are available.
- Up to 50% family discount is available.
- The company settles all cashless claims within 2 hours.
ICICI Lombard General Insurance Company Limited
ICICI Lombard General Insurance Company Limited has a wide range of health insurance plans in its product portfolio. Check out some of the reasons why buying ICICI Lombard health insurance plans is a great idea:
- The insurer provides specific health plans for senior citizens, families, critical illnesses, etc.
- In-patient treatment, home care treatments, maternity expenses and OPD treatments are covered.
- Preventive health check-ups, convalescence benefit and reset benefit are available.
- Up to 30% wellness discount is available.
- The customer support team is available 24x7 for assistance.
IFFCO Tokio General Insurance Company Limited
IFFCO-Tokio General Insurance Company Limited began its operations on December 4, 2000 in collaboration among the Indian Farmers Fertilizer Co-operative (IFFCO) and a popular Japanese insurance group - Tokio Marine. Here are some of the reasons to buy IFFCO Tokio health insurance plans:
- It provides coverage for any sudden illness, disease or injuries, which may require hospitalization, medical or surgical treatment, organ transplantation, etc.
- It compensates expenses incurred on chemotherapy, pacemaker, radiotherapy, dialysis, surgical appliances, blood, oxygen, operation theatre, medicines, etc.
- Up to 12.5% wellness discount is available.
- The company provides its customers timely and hassle-free claim settlement experience in a quickly and efficiently.
- It settles all cashless claims within 1 hour for initial authorization and 3 hours for discharge approval.
- It also offers critical illness add-on cover on payment of some extra premium.
Liberty General Insurance Limited
Liberty General Insurance Limited started its operations in 2013. It is a collaboration between DP Jindal Group, Liberty City State Holdings PTE Ltd. and Enam Securities. Some of the benefits of buying Liberty health insurance plans are given below:
- The health plans are designed to offer wider health protection coverage with high sum insured options.
- Hospitalization expenses, worldwide cover, AYUSH treatment and ambulance charges are covered
- Some unique benefits include preventive care facilities, daily cash allowance, second medical opinion, etc.
- A wellness discount of 10% is available.
- The policyholder also gets a free-look period of 15 days to cancel the policy post-purchase
ManipalCigna Health Insurance Company Limited
ManipalCigna Health Insurance Company Limited was launched in 2014 as a collaboration between India's Manipal Group and USA's Cigna Corporation. Below are some of the features of ManipalCigna health insurance plans:
- It offers a wide range of health plans, including a top-up health plan, critical illness plan, accidental care plan, lifestyle protection plan, etc.
- Most health plans are customizable to meet customer's needs and preferences.
- The insurer also offers a critical illness plan covering nearly 30 major illnesses.
- In-patient treatment, maternity expenses, OPD expenses and day care procedures are covered.
- Switch off benefit, premium waiver benefit, annual health check-ups, and unlimited teleconsultations are available.
- The insurer provides 100% restoration of the sum insured in most plans.
- A fitness discount of up to 20% is available.
- The company settles over 96% of cashless claims within 2 hours.
- The insured can easily track health insurance claims online.
National Insurance Company Limited
National Insurance Company Ltd. has been serving its customers for more than a century with comprehensive health insurance coverage. Below are some of the benefits of buying National health insurance plans:
- Coverage for in-patient care, mental illness, maternity expenses are available
- Most health plans cover medical expenses incurred for up to 30 days before hospitalization and 60 days after hospitalization.
- Adventure sports injuries, genetic disorders, obesity treatment and refractive error corrections are covered
- National Insurance Company Limited offers the Varishtha Mediclaim policy for senior citizens.
- A co-payment discount of up to 20% is available.
- Some health plans offer free health check-up benefits.
New India Assurance Company Limited
New India Assurance Company Limited has been in operation since 1919. Below are some of the features of New India Assurance health insurance plans:
- It offers a comprehensive health insurance plan for families, protecting self, spouse and two dependent children.
- Hospitalization costs, ambulance charges, AYUSH treatments and cataract surgery are covered.
- The insurer offers cancer coverage under the New India Cancer Guard policy.
- The company also offers New India Pravasi Bhartiya Bima Yojana for emigrants with ECR or ECNR status.
- Health check-up benefits are also available under some plans.
- Up to 15% voluntary co-pay discount is available.
Niva Bupa Health Insurance Company Limited
Niva Bupa Health Insurance Company Limited is a standalone health insurance company in India that offers health insurance policies to individuals and families from all age groups. Below are some of the benefits offered by Niva Bupa health insurance plans:
- Home care treatments, modern treatments and hospitalization expenses are covered.
- Lock the clock benefit, booster+ benefit and annual health check-ups are available.
- Pre-existing hypertension and diabetes are covered from day 1 with the Smart Health+ rider.
- Up to 30% live healthy discount is available.
- The insurer also provides cashless claim intial authorization within 30 minutes.
Raheja QBE General Insurance Company Limited
Raheja QBE General Insurance Company Limited was established to provide insurance services to its consumers in the most seamless manner. Some of the features and benefits of Raheja QBE health insurance plans are given below:
- In-patient hospitalization expenses, ambulance charges and non-medical expenses are covered.
- Medical check-ups, daily allowance and recharge benefit are available.
- Raheja QBE health insurance plans also offer no claim bonus and domiciliary hospitalization cover.
- A co-payment discount of 20% is available.
Royal Sundaram General Insurance Company Limited
Royal Sundaram General Insurance Co. Ltd. offers comprehensive insurance plans with innovative features and solutions. Take a look at some key features of Royal Sundaram health insurance plans:
- OPD treatments, in-patient treatment, modern treatments and ambulance charges are covered
- Domiciliary hospitalization, health check-up facilities and maternity coverage are also available.
- It offers worldwide emergency hospitalization expenses along with a second opinion for 11 major critical illnesses.
- 100% restoration of the sum insured and no claim bonus are available
- A health & wellness discount is also available.
SBI General Insurance Company Limited
SBI General insurance Co. Ltd is a joint venture between the State Bank of India (SBI) and four other investors. Here are some of the key features of SBI General Health Insurance plans:
- Advanced procedures, in-patient treatment, OPD treatments and home healthcare are covered.
- Domestic emergency assistance services, bariatric surgery and annual health check-ups are available.
- Applicants do not need to undergo a pre-medical screening for up to the age of 45 years.
- Most health insurance plans cover pre and post-hospitalization expenses.
- Up to 30% walk healthy discount is available.
Star Health & Allied Insurance Company Limited
Star Health & Allied Insurance Company offers some of the most comprehensive medical plans for individuals and families. Below are some of the coverage benefits offered by Star Health insurance plans:
- Hospitalization costs, AYUSH treatments, second medical opinion and OPD expenses are covered.
- Star health insurance offers customized products covering diabetes and HIV positive patients.
- The insurer also provides a top-up health insurance plan that can be customized as per the insured's needs.
- Star Diabetes Safe plan covers pre-existing diabetes from day 1 under its Plan A.
- Unlimited restoration of the sum insured, freeze the age and consumables cover are available.
- A wellness discount of up to 20% is available.
- The company has an in-house claim settlement procedure for cashless hospitalization facilities.
- Star Health & Allied insurance company is one of the largest standalone health insurance companies in India with a wide variety of plans for retail and senior citizens.
- It offers customized products for diabetes and HIV positive patients. Moreover, Star Diabetes Safe plan covers pre-existing diabetes from day 1 under its Plan A.
- A wellness discount of up to 20% is available.
- The company has an in-house claim settlement procedure for cashless hospitalization facilities.
Tata AIG General Insurance Company Limited
Tata AIG General Insurance Company Ltd. was started in collaboration between the American International Group and the TATA Group. The insurer commenced its operation in the year 2001. 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.
- Coverage for hospitalization expenses, OPD treatments and maternity expenses are available.
- Tata AIG medical policies also recompense medical treatments 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.
- Up to 100 critical illnesses are covered under the Criti Medicare plan.
- Consumables benefit, restore benefit and preventive health check-ups are available.
- No pre-policy medical check-up is required for up to 45 years.
- A family floater discount of up to 32% is available.
The Oriental Insurance Company Limited
The Oriental Insurance Company Limited is also a government-owned general insurance company that offers a wide range of health insurance products in India. Below are some of the benefits of buying Oriental health insurance plans:
- Oriental Insurance Company Limited offers both family floater and individual health insurance plans.
- Hospitalization expenses, mental illness treatment and OPD treatments are covered.
- Health check-ups, teleconsultations and second medical opinions are available.
- Most health insurance policies can be customized as per the customer's needs.
- It does not require a pre-policy medical test for up to the age of 55 years.
- A voluntary co-payment of up to 20% is available.
United India Insurance Company Limited
United India Insurance Co. Ltd. is one of the oldest general insurance companies in India. The insurer offers affordable and personalized health plans to its customers. Furthermore, United India Insurance Company Ltd. received ICRA accreditation for high solvency margin ratio and claim paying ability. Check out the benefits offered by United India health insurance policies:
- In-patient hospitalization, modern treatments and day care treatments are covered.
- Free medical check-ups and cumulative bonus are available.
- A no claim discount of up to 15% and a 5% of family discount is available.
- A 30-day free look period is provided from the date of policy inception.
Zuno (Formerly Edelweiss) General Insurance Company Limited
Zuno (Formerly Edelweiss) General Insurance Company Limited is a trusted health insurance provider with a wide range of insurance products. Here are some of the advantages of purchasing Zuno health insurance plans:
- The policies are designed to cover in-patient, pre and post-hospitalization expenses, critical illnesses, accidents, diseases, etc.
- AYUSH treatments, modern treatments and day care treatments are covered.
- Recovery benefit, shared accommodation benefit and health check-up benefit are available.
- A single premium discount of up to 10% is available.
Zurich Kotak General Insurance Company (India) Limited
Zurich Kotak General Insurance Company (India) Limited allows customers to pick from a range of customised medical policies. Zurich Kotak health insurance plans come with the following features and benefits:
- Zurich Kotak health plans can be selected to cover basic emergency hospitalization and life-threatening illnesses like benign tumours, end-stage liver diseases, coma, loss of speech, etc.
- The plans cover critical illnesses like heart attack, cancer, organ transplants, etc. and accidental injuries.
- Zurich Kotak Secure Shield plan also provides loss of job benefits to the insured along with child education benefit.
- It also offers coverage for air ambulance services, home nursing, maternity expenses, and newborn baby expenses.
- Compassionate visit, annual health check-ups and convalescence benefit are also available.

Health Insurance Companies in India: FAQs

Q1. Which company is best for health insurance in India?

Ans: No single insurer can be said to be the best health insurance company in India. This is because the medical coverage needs of different people are different. And hence, the definition for best varies. However, an ideal health insurance company is the one that offers comprehensive benefits at an affordable price and has a high claim-settlement ratio, 24/7 customer support, transparent policies and claim process, wide network of hospitals and a high solvency ratio.
Q2. How to select the best health insurance?

Ans: To select the best health insurance plan, you must first assess your medical care requirements and decide your budget. Choose a health insurance company that is reliable, and offers adequate coverage at an affordable premium. Review the exclusions, sub-limits, waiting period and co-payment clauses to get a clear picture. Always compare various health insurance plans to ensure you buy the one that is the best for your specific needs.
Q3. What is the best private healthcare plan?

Ans: There is no single best private healthcare plan as medical coverage requirements differ among people. There is no one-size-fits-all plan that provides coverage requirements and benefits critical to everyone. The ideal health plan depends on your specific requirements and details, including age, location, pre-existing diseases and family history.
Q4. Does any health insurance company cover insulin expenses in India?

Ans: Yes. Some health insurance companies in India provide diabetes health plans that cover insulin expenses.
Q5. Can I port my health insurance policy to another company?

Ans: Yes. You can port a health insurance policy from one insurer to another insurer of your preference without losing the benefits accumulated. As per IRDAI, you have the right to port your mediclaim policy to another health insurance provider around 45 days before the expiry of your existing policy.
Q6. Does any health insurance company offer dental cover?

Ans: Yes. All health insurers cover the cost of dental treatments resulting from accidents. However, some health insurance companies provide dental health insurance coverage for non-accidental treatments as well.
Q7. Does any health insurance company cover cancer treatment expenses?

Ans: A lot of health insurance companies cover cancer treatment expenses. Moreover, some insurers also offer customized cancer insurance plans in India. You can check and compare various cancer medical insurance plans on Policybazaar.com before purchasing.
Q8. Is there any health insurance company that covers kidney transplantation or kidney failure treatment costs?

Ans: Kidney transplantation or failure is a critical illness and, therefore, is covered under a critical illness insurance policy. Most health insurers in India offer critical illness plans. You can compare them and buy the most suitable one on Policybazaar.com.
Q9. Are OPD expenses covered by medical insurance companies in India?

Ans: Yes, many health insurance companies in India offer OPD cover for expenses, doctor consultations, medicines and diagnostic tests.
Q10. How many health insurance companies are there in India?

Ans: As per the IRDAI Annual Report 2023-24, 28 insurance companies offer health insurance plans in India.
Q11. How can I be assured about a health insurance company's reputation?

Ans: Firstly, make sure the health insurance company you have selected is legitimate and approved by the IRDAI. Check the insurer’s details, like the incurred claim ratio, claim settlement ratio, etc., on the insurer's official website or by going through the IRDAI annual reports. You can also check customer reviews for various insurers to know about their reputation and quality of products & services.
Q12. Is cashless hospitalisation provided by all health insurance companies in India?

Ans: Yes. All medical insurance companies in India offer the facility of cashless hospitalisation across all hospitals in India under the Cashless Everywhere facility.
Q13. How do I choose a good health insurance company?

Ans: To pick a good health insurance company for yourself, it is important to find a plan with adequate coverage under your budget. You should also check the company's reputation, customer reviews, and the product range it offers. Ensure that the company has a high CSR (Claim settlement ratio) and less claim-settlement time.
Q14. Are there any public insurance companies in India offering health insurance?

Ans: Yes. There are 4 public insurance companies in India that offer health insurance plans. These are National Insurance Co. Ltd., The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd., and United India Insurance Co. Ltd.
Q15. Is CSR a good way to select a good health insurance company for your health plan?

Ans: Yes, CSR is an important way to know about the insurer's reputation. You can search for the best health insurance company in India as per claim settlement; however, remember that CSR should not be the only deciding factor. Other important factors, like the ICR, time taken to settle claims, product portfolio, customer reviews, etc., should also be considered while selecting health insurer.
Q16. In case of an emergency, how can I contact my health insurance company?

Ans: During medical emergency, you can contact your health insurance provider by calling the customer service number, or through their designated mobile app. You can also visit the nearest branch of the insurer.
Q17. Are there any standalone health insurance companies in India?

Ans: Yes, there are 5 standalone health insurance companies in India offering a variety of plans. These are Aditya Birla Health Insurance Co. Ltd., Care Health Insurance Limited, ManipalCigna Health Insurance Co. Ltd., Niva Bupa Health Insurance Co. Ltd., and Star Health and Allied Insurance Co. Ltd.
Q18. Will my health insurance company provide a cashless settlement if I go to a non-network hospital?

Ans: Usually, the health insurers provide cashless claims only at network hospitals. For treatments at non-network hospitals, reimbursement claims must be raised. However, with the new ‘Cashless Everywhere’ benefit, most health insurers provide cashless hospitalisation even at non-network hospitals. For this, you must inform your insurer within 48 hours of a medical emergency and at least 48 hours before a planned treatment.

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in