Top 10 Indian Health Insurance Companies
India has a total 30 insurance companies that offer different types of health insurance plans. They cater to the different insurance needs of different individuals. In order to provide the right coverage for all their customers, insurance companies that specialize in health insurance plan design consider each customer’s needs and preferences.
- IFFCO Tokio Health Insurance Co. Ltd.
- Raheja QBE Health Insurance Co. Ltd.
- Star Health and Allied Insurance Co. Ltd.
- Reliance Health Insurance Co. Ltd.
- Future Health India Insurance C. Ltd.
- Acko Health Insurance Ltd.
- ICICI Lombard Health Insurance Co. Ltd.
- Cholamandalam MS Health Insurance Co. Ltd.
- Bajaj Allianz Health Insurance Co. Ltd.
- Liberty Health Insurance Co. Ltd.
- IFFCO Tokio General Insurance Co. Ltd.
IFFCO Tokio General Insurance Company Limited (India) is a major general insurance company. The company was founded in 2000. It is a joint venture formed by Tokio Marine, Indian Farmers Fertilizer Co-operative IFFCO and Nichido Fire Group. This joint venture was created with 51% ownership of IFFCO and 49% held by Tokio Marine. It offers insurance plans that include home, car, and bike insurance, as well as health insurance plans. It offers a variety of health insurance plans that include individual and family floater plans, senior citizen insurance plans, and group insurance plans.
Raheja QBE General Insurance Co. Ltd.
Raheja QBE General Insurance Co. Ltd. ranks among the top private insurance companies in India’s general insurance market. Raheja QBE is the joint venture between Rajan Raheja Group, QBE Insurance, Australia’s largest global insurer. Raheja QBE is a joint venture between Rajan Raheja Group and QBE Insurance, Australia’s second-largest global insurer. It was created to provide a conducive environment for partners and consumers in the insurance industry. Rajan Raheja Group offers a wide range of business knowledge and QBE Insurance brings global expertise in insurance. Together, they offer innovative insurance solutions to diverse customers. The company provides insurance services such as home and health insurance, two-wheeler, and private car insurance.
Star Health and Allied Insurance Co. Ltd.
Star Health Insurance Company stands alone as the largest health insurance company. Star Health Insurance Company, India’s original standalone health insurance provider, was founded in 2006. Star Health Insurance Company offers services in Health, Personal Accident, Overseas Travel Insurance, etc. Star Health Insurance Company created products that meet the needs and expectations of the general population. Star Health and Allied have more than 15 plans for health insurance that are available to seniors, families and groups.
Reliance General Insurance Co. Ltd.
Reliance General Insurance was founded on 17 August 2000. It is part the Reliance Group. It is known for being one of India’s most trusted insurance companies. The company strives to be the preferred choice of customers in all markets, domestic and international. It offers innovative solutions that address different customer needs, starting with Reliance car insurance and ending with travel products and health.
Future Generali India Insurance C. Ltd.
Future Generali Insurance, a joint venture between Future Group and Generali Group, is called Future Generali Insurance. In September 2007, the company was created in India. The company sells a wide variety of insurance products. Future Generali offers a variety Future Generali Health Insurance policies to suit the needs and wants of many customers.
Acko General Insurance Ltd.
Acko General Insurance Limited (India’s first online insurer) is India’s fastest-growing insurance firm. Acko General Insurance Limited is one of India’s leading private sector insurance providers. The company was founded in November 2016, and sells its insurance products through an online platform. There are many retail products available, such as car insurance, insurance for two-wheelers, and insurance for health. Insurance company provides a wide range of products to suit different needs when it comes to insurance. Customers can get customized health insurance plans at very affordable rates.
HDFC ERGO General Insurance Co. Ltd.
HDFC ERGO General Insurance Co. Ltd. was established by ERGO International AG in conjunction with HDFC Ltd. This is the first general insurer to provide product customization for both rural and corporate customers. One of India’s most cherished and trusted general insurance companies, HDFC Ergo General Insurance Company, is a top choice. HDFC Ergo General Insurance has a wide range of products for health insurance. These include customized policies that can be tailored to individuals, families, and senior citizens. The company offers a variety of solutions, including tailor-made solutions to address critical illnesses and personal accidents.
ICICI Lombard General Insurance Co. Ltd.
ICICI Lombard, a general insurance company, is one of India’s leading companies offering general insurance coverage. It offers coverage for Motor, Property, Health, among other classes. ICICI Lombard general Insurance has a nearly 8% market share in 2021. ICICI Lombard General Insurance offers a broad range of insurance plans when it comes to Health Insurance. ICICI Lombard General Insurance’s health insurance plans are designed to offer quality service and broad coverage.
Cholamandalam MS General Insurance Co. Ltd.
Cholamandalam General Insurance was created by the Murugappa Group in collaboration with Mitsui Sumitomo Insurance Company Limited of Japan. The company offers many insurance options to both its urban and rural customers. The company offers insurance products for individuals and corporations in the following areas: health, engineering and accident, motor, maritime, liability, travel, and insurance. Cholamandalam General Insurance offers various health insurance plans. These include hospitalization plans for critical illness, critical illness plans, super-top-up plans, daily benefit plans, and super top up plans.
Bajaj Allianz General Insurance Co. Ltd.
Bajaj Allianz General Insurance, one of the most popular insurance companies, has an impressive claim settlement rate. Bajaj Finserv Limited is the joint venture behind Allianz SE. Bajaj Allianz General Insurance has a range of insurance products. The most popular is the health insurance product. In its health insurance plans, the insurer offers cashless treatment to insureds with more than 6,500 network hospital. Individual health insurance plans can be accessed, as well as family floater and senior citizen plans. Maternity insurance plans are also available.
How to choose the Best Health Insurance Company
The industry of health insurance is one of most competitive in the world. It is important to compare and research different insurance companies before you decide on one. Before you buy a policy, ensure that you compare the prices and make sure you are getting the best deal. Here’s how to find the best insurance company for your needs:
- Do your research online
- Compare premium rates
- Check claim settlement ratio
- Verify the network hospitals
- Compare features and additional benefits
- See exclusions and terms & conditions