The healthcare sector of India has progressed immensely, and the main contributing factors have been the advancement of medical technology and the expansion of health insurance schemes. Now, individuals can cover themselves and their families and secure their health without incurring unplanned medical expenses. Purchasing a health plan is no longer a cumbersome process; it can be done quickly and within minutes.
Let’s examine the list of various health insurance companies in India and their health insurance plans.
Featured Partners
1
Aditya Birla Activ Health Insurance
Sum Insured
INR 2 lakh to INR 2 crore
Network Hospitals
9,000+
Early Bird Discount
5% discount from 4th to 7th policy year
On Aditya Birla's secure website
2
Niva Bupa Health Insurance
Claims Settlement Ratio
91.6%
Cashless Network of Hospitals
10,000+
Features and Benefits
30 minute cashless claim processing, 24x7 dedicated relationship manager
List of Health Insurance Companies in India
| Insurance Company | Health Insurance | Cashless Hospitals |
|---|---|---|
| Aditya Birla Health Insurance | Activ Health Platinum EnhancedActiv Assure DiamondActiv Health Platinum EssentialActiv Health Platinum PremiereActiv Care ClassicAarogya SanjeevaniCorona KavachActiv Secure – Cancer Health Insurance PlanActiv Secure Critical Illness PlanActiv Secure Personal AccidentActiv One NxtActiv Fit | 11,000+ |
| Acko General Insurance | 10L to 1 Cr. ACKO Standard Health Insurance Plan10L to 50L ACKO Platinum Super Top-up Health Insurance PolicyUnlimited ACKO Platinum Health Insurance PolicyArogya Sanjeevani by ACKOCorona Kavach by ACKOFamily Health Insurance PlanIndividual Health InsuranceSenior Citizen Health InsuranceCritical Illness Health InsuranceParents Health InsuranceCashless Health Insurance | $14,300 |
| Bajaj Allianz General Insurance | Individual Health InsuranceFamily Health InsuranceInternational Health Insurance Health Infinity PlanArogya Sanjeevani PolicyCorona Kavach PolicyTop Up Health InsuranceCriti Care PolicyCritical Illness InsuranceGlobal Personal GuardSenior Citizen Health InsuranceM-CareSaral Suraksha BimaMy Health Care Plan | 18,400+ |
| Chola MS General Insurance | Flexi SupremeFlexi HealthArogya SanjeevaniChola HealthlineCritical HealthlineSuper Topup PlanAccident ProtectionSarva Shakti | 11,000+ |
| Manipal Cigna Health Insurance Company | ProHealth PrimeLifetime HealthPrime SeniorProHealth InsuranceProHealth SelectSuper Top UpArogya Sanjeevani PolicySecureHealth PolicyManipalCigna Accident ShieldLifestyle Protection Accident CareSaral Suraksha BimaLifestyle Protection Critical CareProHealth CashHealth 360ProHealth Group Insurance PolicyGlobal Health Group PolicyLifestyle Protection Group PolicyGroup Overseas Travel InsuranceFlexiCare Group Insurance Policy | 18,000+ |
| Zuno (Formerly) Edelweiss General Insurance | Variations: Silver, Gold, and PlatinumHealth 241Newborn Care | 10,000+ |
| Future Generali India Insurance | Health VitalHealth PowherDIY Health InsuranceFG Health AbsoluteFG Health EliteHealth TotalFuture Advantage Top Up | 7,500+ |
| Zurich Kotak General Insurance | Critical illness insurance - Secure ShieldHealth Super Top UpPersonal accident insurance - Accident Care | 9,450+ |
| Go Digit General Insurance | Individual/Family Health InsuranceSuper Top-up Health InsuranceArogya Sanjeevani PolicyCorporate Health InsuranceHealth Insurance Portability | 16,400+ |
| HDFC ERGO General Insurance | Health Insurance For Individuals/ Family/ Parents/ Senior CitizensGlobal Health InsuranceOptima Secure Individual/ Family/ GlobalOptima Super Secure plan Optima Restore Family Floater/ IndividualCritical illness InsuranceSuper Top-up InsuranceArogya SanjeevaniHDFC ERGOICAN Cancer InsuranceEnergy Diabetes Plan | 13,000+ |
| ICICI Lombard General Insurance | Health Insurance For Individuals/ FamilyElevateMaxProtectHealth BoosterHealth AdvantEdgewyn HealthPersonal ProtectGolden ShieldArogya Sanjeevani Policy, ICICI LombardCorona Kavach Policy, ICICI LombardSaral Suraksha Bima, ICICI Lombard | 13,000+ |
| IFFCO TOKIO General Insurance | Family Health Insurance (Floater)Individual Health Insurance1 Crore Health Top-UpPersonal Accident Insurance (PA)Top-Up PolicyCritical Illness Policy | 7,000+ |
| Niva Bupa Insurance | AspireReassure 2.0Health CompanionHealth PremiaGo ActiveMoney SaverHeart BeatSuper SaverSenior FirstAccident CareCriti CareCorona KavachSaral Suraksha BimaAccident Care | 10.000+ |
| Reliance General Insurance | Health Insurance For Individuals/ FamilyHealth Global Insurance DotHealth Infinity Insurance DotHealth Gain InsuranceSuper Top-up InsuranceSpecially Abled Health InsuranceHospi Care InsuranceCritical Illness InsuranceSaral Suraksha BimaPersonal Accident InsuranceArogya Sanjeevani PolicyGroup Mediclaim Insurance Policy | 10,000+ |
| Care Insurance | Health Insurance Plans For Individuals/ Family1 crore health insurance planSenior citizen health insuranceMaternity health insurance Health insurance for diabetes Heart health insurance Super top-up health insurance Cancer insurance Critical illness insuranceHeart Mediclaim Operation Mediclaim | 24,800+ |
| Liberty General Insurance | Liberty Health Connect PolicyHealth Connect Supra PolicyIndividual Personal Accident PolicyJanta Personal Accident Insurance PolicySecure Health Connect PolicyCorona Kavach PolicyHealth Claims | 1.200+ |
| Royal Sundaram General Insurance | Health insurance for Individuals/ FamilyLifeline health insuranceFamily plus health insuranceAdvanced top-up health insuranceMultiplier health insurancePersonal accident insuranceArogya Sanjeevani policyDivyang plus | 10,000+ |
| SBI General Insurance | Health EdgeArogya Supreme PolicyArogya Sanjeevani PolicyArogya Plus PolicyArogya Top Up PolicyCritical Illness Insurance PolicySuper Health InsuranceHospital Daily Cash Insurance PolicyDivyanga SurakshaLoan Insurance PolicySurrogacy Suraksha Policy | 20,000+ |
| Star Health & Allied Insurance | Star Women Care Insurance PolicyStar Comprehensive Insurance PolicySenior Citizens Red Carpet Health Insurance PolicyFamily Health Optima Insurance PlanStar Health Premier Insurance PolicySuper Surplus Insurance PolicyMedi Classic Insurance Policy (Individual)Star Health Gain Insurance PolicyStar Micro Rural and Farmers CareStar Hospital Cash Insurance PolicyStar Out Patient Care Insurance PolicyYoung Star Insurance PolicyArogya Sanjeevani PolicyStar Health Assure Insurance PolicyDiabetes Safe Insurance PolicyStar Cardiac Care Insurance Policy/ PlatinumStar Critical Illness Multipay Insurance PolicyStar Extra Protect (Add on)Star Special CareYoung Star Extra Protect–Add on Cover | 13,000+ |
| Tata AIG General Insurance | TATA AIG MedicareMedicare Plus Super Top-Up policyTata AIG ElderCareCritical IllnessPersonal Accident Insurance PolicyCoronavirus Health Insurance | 11,000+ |
| The New India Assurance | Yuva Bharat Health PolicyArogya Sanjeevani PolicyNew India Asha Kiran PolicyNew India Cancer Guard PolicyNew India Mediclaim PolicyNew India TOP-UP Mediclaim PolicyNew India Premier Mediclaim PolicyNew India Sixty Plus Mediclaim PolicyYoung India Digi Health Policy | 20.855+ |
| The Oriental Insurance Company | Health PoliciesArogya Sanjeevani PolicyOriental Mediclaim Insurance Policy (Individual)Oriental Youth Eco Care PolicyOriental Super Health Top-Up PolicyHappy Family Floater Policy-2021Oriental Cancer Protect PolicyMediclaim Insurance Policy(Group)Oriental Happy Cash-Nischint Rahein!Oriental Critical Illness Policy | 4,000+ |
| Universal Sompo General Insurance | Complete Healthcare InsuranceA Plus Health InsuranceSuper Healthcare InsuranceArogya Sanjeevani InsuranceLoan Secure Insurance PolicyIndividual Accident PolicyCritical Illness Insurance PolicyCorona Rakshak PolicyCorona Kavach PolicyGroup Health Insurance PolicySenior Citizen Health Insurance PolicySurva Vidyarthi Bima YojanaSwarna Gramin Bima Yojana for Individuals/ Group | 4,000+ |
Now that you have seen the list of health insurance companies in India read our article “Best Health Insurance in India” to learn about the best health insurance plans from the insurance providers.
Why Is Health Insurance Important?
- It helps to tackle medical inflation by protecting your savings.
- Access to comprehensive coverage.
- Efficient and timely medical care.
- Get add-on riders for enhanced protection.
- Offer coverage to the entire family under one plan.
- Simple and easy claim process.
- Offers various tax benefits under Section 80D.
Factors To Consider Before Choosing A Health Insurance Company
Select an IRDAI-approved health Insurance Company: The IRDAI (Insurance Regulatory and Development Authority) is the regulator of the insurance sector in India and is responsible for developing and regulating insurance companies.
Brand Reputation: When comparing different health insurance companies, do not select the company solely based on premium quotes. The overall brand reputation of insurance companies also matters a lot, especially during medical emergencies.
Claim Settlement Ratio: The past track record of the claim settlement ratio is exceptionally crucial when selecting a health insurance policy. A health insurance company must be speedy enough to approve the claim requests and provide the necessary assistance on time. So, before picking your health insurance company, check its claim settlement ratio.
Network Hospitals: The covered individuals are allowed to avail themselves of cashless treatment at networked hospitals. In such cases, the policyholder does not need to follow any reimbursem*nt procedure to get financial assistance. Choose health insurance companies with a maximum number of network hospitals so that you can avail of cashless treatment every time.
Compare Different Health Insurance Providers: Compare the health insurance providers on the basis of premium quotes, policy terms and conditions, inclusions and exclusions, and other crucial factors. Doing so will help you pick up a proper insurance provider without any compromise on financial security during medical emergencies.
Analyze The Policy Document: Read all terms and conditions in your policy documents, which will help you understand the policy’s benefits and coverage. This will help the policyholder maximize its benefits in the long term.
Why Is It Better To Buy A Policy Directly From the Health Insurance Company?
- Choose the best plans from the various options provided by all the insurance companies in India.
- You can customize your insurance plan according to your needs and requirements using the various customization options provided by insurance companies.
- Buy your policy directly at ease without the involvement of any third-party agent or aggregator.
- Health insurance policies are cheaper when bought directly from the insurance provider. There is no commission payment to make when one buys the policy directly from the insurance company.
How To Buy A Health Insurance Policy Online?
You can buy a health insurance policy directly from the insurance company at any time. Online buying allows you to avail yourself of various online discounts, which help lower premiums. The online policy also involves zero paperwork and saves a lot of time, as the policy gets issued within just a few minutes of buying.
Steps To Buy A Health Insurance Policy Online:
- Step 1: Log on to the insurance company’s website and navigate to the health insurance section.
- Step 2: Select the type of policy you want to choose under the health insurance section.
- Step 3: Click on the “buy online” tab, which will direct you to a secure webpage.
- Step 4: Determine the premium that you will be required to pay for the policy coverage.
- Step 5: Fill in the personal details such as name, correspondence address, contact details, and a history of ailments or diseases.
- Step 6: Pay the premium via various online payment methods, and you will receive a soft copy of the policy document within minutes on your registered email ID.
Featured Partners
1
Aditya Birla Activ Health Insurance
Sum Insured
INR 2 lakh to INR 2 crore
Network Hospitals
9,000+
Early Bird Discount
5% discount from 4th to 7th policy year
On Aditya Birla's secure website
2
Niva Bupa Health Insurance
Claims Settlement Ratio
91.6%
Cashless Network of Hospitals
10,000+
Features and Benefits
30 minute cashless claim processing, 24x7 dedicated relationship manager
Frequently Asked Questions (FAQs)
How to choose the best health insurance plan in India?
Well, it totally depends on the covered individual’s needs and requirements. However, one should look at parameters such as claim settlement ratio, cashless network, company reputation, and policy inclusions and exclusions.
What should you do if your health insurance expires?
If your health policy lapses, remember that you are no longer covered under the same policy. It is advisable to apply for a renewal or new policy at least 45 days before the policy expires.
What do you mean by lifelong renewability in health insurance?
As per the rules, if any health insurance company offers the benefit of lifetime renewability, the company allows the policyholder to renew the policy without again applying for a new one. Through this option, the policyholder can renew the plan for a lifetime and continue to receive policy coverage for life.
Can I claim health insurance on my tax return?
The health insurance policy offers tax benefits on the premium amount paid by the policyholder. The premium is tax-deductible under Section 80D of the Indian Income Tax Act. The maximum amount of deduction on premiums paid for self and family (if senior citizen) plus premiums paid for separate health insurance for parents is INR 1 lakh every year.
Which health insurance company in India has the highest claim settlement ratio?
Care Health Insurance had the highest Claim Settlement Ratio (CSR) of 100% in FY 2021-2022, as declared in the IRDAI Annual Report 2021-22.
Which health insurance company in India has the largest network providers?
Care Health Insurance has the most extensive network of providers, with more than 20,000 hospitals across India, followed by Aditya Birla Health Insurance, Digit General, and Star Health and Allied Insurance company.
Which health scheme is best in India?
If we talk scope-wise, then the government of India’s flagship scheme, Pradhan Mantri -Jan Arogya Yojana (PM-JAY), is one of the largest health insurance schemes in India, fully financed by the government. PM-JAY offers health coverage to almost 12 crore families (nearly 55 crore beneficiaries), forming 40% of India’s population.
