Best Health Insurance Companies in India

Every article on health insurance talks about how it is imperative to buy the best policy. However, there are 25 general insurers, 7 standalone health insurers, and 2 specialised insurers in the market. The goal of all insurance providers is the same, and that is to offer the right medical coverage to customers. Now, each insurance provider offers a plethora of healthcare policies and every plan has a unique set of features and caters to different needs. Hence, choosing the right health insurance plan seems daunting. Want to know the best health insurance company in India? The below list will help you identify that!

Best Health Insurance Companies in India 2022

Check out the below table to identify the top health insurance companies in India:

Health Insurance Companies

Network Hospitals

Incurred Claim Ratio

Bajaj Allianz Health Insurance

7,000+

85%

Aditya Birla Health Insurance

6,000+

59%

Care Health Insurance

7,500+

55%

Bharti AXA Health Insurance

4,500+

89%

Cholamandalam Health Insurance

7,000+

35%

Digital Health Insurance

5,500+

11%

Edelweiss Health Insurance

2,500+

115%

Future Generali Health Insurance

5,000+

73%

IFFCO Tokio Health Insurance

5,000+

102%

Kotak Mahindra Health Insurance

4,500+

47%

Liberty Health Insurance

5,000+

82%

Niva Bupa Health Insurance (Formerly known as Max Bupa Health Insurance)

4500+

54%

ManipalCigna Health Insurance

6500+

62%

National Health Insurance

6000+

107.64%

New India Assurance Health Insurance

3000+

103.74%

Oriental Health Insurance

4300+

108.80%

Raheja QuBE Health Insurance

5000+

33%

Royal Sundaram Health Insurance

5000+

61%

Reliance Health Insurance

7300+

14%

Star Health Insurance

9900+

63%

SBI Health Insurance

6000+

52%

Tata AIG Health Insurance

3000+

78%

United India Health Insurance

7000+

110.95%

Universal Sompo Health Insurance

5000+

92%

How to Buy a Suitable Health Insurance Policy Online in India Through Bajaj MARKETS

Now that you know the best health insurers in India, here’s good news for you: the most lucrative plans of these top insurance providers are available on Bajaj MARKETS. So, here’s how you can explore and buy the best-suited healthcare cover for yourself on our one-stop platform:

 

Step 1: Head over to our ‘health insurance’ page.

 

Step 2: Fill out the form with accurate details.

 

Step 3: Explore the plans listed on the screen and choose the one that fits you best. You can also include add-on covers to enhance the coverage.

 

Step 4: Upload the necessary documents and pay your health insurance premium online.

 

Step 5: And that’s it! Your policy shall be emailed to you shortly.

How to Choose the Best Health Insurance Company in India

The names of the best health insurance companies in India are out. You know who the top players are in the market. But not every leading company can be ideal for you, right? As an individual, you need to compare different aspects of all insurers and pick the one that strikes your fancy. Let’s understand these factors in brief:

  • Availability of Plans

The types of healthcare plans provided by insurers is the most important factor of comparison. Most health insurance providers only offer general health insurance, i.e. family health insurance and individual health insurance. However, there are insurance companies that have designed separate plans targeting specific genders and age groups. So, go for an insurance company that offers policies apt for you. In fact, it should seem like their plan is specially made for you.

  • Network Hospitals

These days, health insurance companies have tie-ups with different hospitals to ensure lack of cash doesn’t influence your decision at the time of emergency. As a policyholder, you do not have to pay a single penny while or after taking the treatment at a partner hospital. Hence, it is imperative that the insurer has multiple network hospitals around your locality.

  • Claim Settlement Ratio

The claim settlement ratio says a lot about the insurance company. It is the percentage of the number of claims settled by the total claims received within a financial year. Go for a company that has a better claim settlement ratio.

  • Customer Support

Responsive and friendly client assistance is paramount in the insurance industry. No one wants to be left hanging amid a financial crisis, right? So, make sure that the insurance company offers 24x7 customer support.

  • Business Volume

In the insurance industry, the business volume can be measured on the basis of the number of policies sold and renewed. Any company with more policies sold has a better market share, and hence is a more credible insurance provider. Business volume as a parameter will help you ascertain if the company is trusted by others.

Conclusion

That’s it. You are all set to choose the right insurance provider for yourself. However, do not miss out on reading the terms and conditions before you buy an insurance policy. It will help you understand the scope of your insurance coverage. At Bajaj MARKETS, we have a range of health insurance plans and add-on covers designed to suit individual needs. So, head over to our ‘Health Insurance’ section and buy now!

Best Health Insurance Plans Available at Finserv MARKETS

FAQs on Health Insurance Companies in India

  • ✔️Which health insurance companies in India offer cashless treatments?

    Aditya Birla Health Insurance, Bajaj Allianz Health Insurance, and Care Health Insurance are few best insurance companies in India that allow cashless treatments.

  • ✔️Can I port my health insurance policy from one insurer to another?

    Yes. You can port your health insurance policy from one insurer to another.

  • ✔️Can I compare health insurance plans from different insurers on Bajaj MARKETS?

    Yes. You can compare multiple health insurance plans from different insurers on Bajaj MARKETS.

  • ✔️How to choose the best health insurance company in India?

    Here are a few factors that can help you choose the no. 1 health insurance company in India:

    1. Customer support

    2. Claim settlement ratio

    3. Availability of plans

    4. Business volume

    5. Cashless hospitals

  • ✔️Which are the top 10 health insurance companies in India?

    Here are the top 10 health insurance companies in India:

    1. Aditya Birla Health Insurance

    2. Care Health Insurance

    3. Magma HDI Insurance

    4. The Oriental Insurance Company

    5. Bajaj Allianz General Insurance

    6. New India General Insurance

    7. Edelweiss Health Insurance

    8. Navi Health Insurance

    9. HDFC Ergo General Insurance

    10. ManipalCigna Health Insurance