Top Health Insurance Companies in India

 

The Indian government availed the health insurance industry in 1986s and since then the firm has been driven exponentially.  Now, there are nearly 30 insurance companies in India


2022-12-24 13:43:02
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The Indian government availed the health insurance industry in 1986s and since then the firm has been driven exponentially.  Now, there are nearly 30 insurance companies in India that provide health insurance services.  Out of these 5 are Standalone Health Insurance companies and 25 are General Insurance Companies providing health insurance products.

General insurance focuses on insurance products like rural insurance, travel insurance, health insurance, and motor insurance. While a standalone health insurance company focuses on health insurance only.

Top 10 Health Insurance Companies in India in 2023

1.    ManipalCigna Health Insurance

2.    IFFCO Tokio General Insurance

3.    HDFC Ergo General Insurance

4.    Care Insurance Health Insurance

5.    Navi Health Insurance

6.    Magma HDI Insurance

7.    Niva Bupa Health Insurance

8.    The Oriental Insurance Company

9.    Bajaj Allianz General Insurance

10. New India General Insurance

The following is a detailed list of the best health insurance companies in India:

IFFCO Tokio General Insurance

IFFCO Tokio General Insurance was established back in 2000. The company is a joint business empire between Tokio Marine Group and Indian Farmers Fertilizer Cooperative Limited. The first one is the largest insurance group in Japan and another one is the world's largest fertilizer manufacturer.

Tokio Marine Group holds 49% while IFFCO held the remaining 51%. They both fall under health insurance companies and general insurance companies offering products like home insurance plans, bike insurance plans, and travel insurance plans.

The company provides a wide array of health insurance packages such as senior citizen health insurance plans, individual health insurance plans, and family floater health insurance plans.

Care Health Insurance   

Care Health Insurance was popularly known as Religare Health Insurance. It’s a joint empire of Corporation Bank, Reliance Enterprise Limited, and Union Bank of India.  It's also a kind of Standalone health insurance company that provides a wide array of packages to clients.  Such products include critical illness health insurance plans, health insurance plans, senior citizen health insurance plans, and maternity health insurance plans.

Other common health insurance packages include Care Senior Policy, Care Freedom, and Care. These coverages come with different benefits and specs that match the many needs of clients at a pocket-friendly premium.

Magma HDI Insurance  

Magma HDI General Insurance Ltd is a joint business empire of HDI Global SE Company and Magma Fincorp Limited. It’s also one of the best insurance companies in India. The insurer provides an array of health insurance packages and the utmost claim settlement ratio to meet customers’ needs.  Besides health insurance packages, it offers marine insurance, fire insurance plans, and motor insurance. 

The company has over 135 offices in different states. In addition, it provides numerous plans against top-rated healthcare expenses like post-hospitalization, in-patient hospitalization expenses, daycare expenses, pre-hospitalization expenses, and much more.

The Oriental Insurance Company  

It was built back in 1947 and since then it offers different types of health insurance products that meet customer requirements. The company has built its headquartered in New Delhi and has over 29 regional offices.  Plus, nearly 1800 offices in different cities in India.

In addition, it conducts overseas activities in Kuwait, Nepal, and Dubai.  Health insurance packages provided by the company are best for individuals living in urban places and rural places.

The company offers a wide array of network hospitals that offer cashless treatment.  In addition, it provides pocket-friendly insurance plans.

New India General Insurance 

New India General Insurance is the leading general insurance company that’s headquartered in India, and Mumbai. The company works in 28 countries offering over 250 products including health insurance plans for different sections of society. These packages are more pocket friendly. 

Other popular plans include organ donor expenses, in-patient hospitalization, daycare expenses, pre-hospitalization and post-hospitalization, and road ambulance expenses.

Bajaj Allianz Insurance

Bajaj Allianz General Insurance is one of the best insurance companies with the utmost claim settlement ratio.  Plus, it’s a joint business empire of Bajaj Finserv Limited and Allianz SE.  Besides, it’s the biggest private company offering a wide array of products. It also has over 11 offices in towns and cities. 

Bajaj insurer has over 6500 network hospitals and provides cashless treatment to people under its health insurance packages. Other health insurance packages include maternity health insurance plans, family floater health insurance plans, and senior citizen insurance plans. 

The insurer has also won numerous accolades and awards which show how the empire offers the best services to clients.

Niva Bupa Health Insurance   

Niva Bupa Health Insurance is among the top-ranking standalone health insurance companies in India. Most people prefer it because of its affordable premiums.  In addition, it has different types of health insurance plans that suit many families' and individuals' needs. 

Other health insurance coverages provided by the Bajaj are MoneySaver Policy, Health Premia, ReAssure, and Health Companion.

Navi Health Insurance  

Navi Health Insurance is a digital insurance company that provides multiple health insurance packages that meet customer needs.  Founded in 2017 and is fully owned by Navi Technologies. Its goal is to make health insurance accessible, simple and affordable to Indians. 

Asides from a health insurance plan, it also provides commercial insurance plans, bike insurance plans, car insurance plans, gadget insurance plans, property insurance plans, and car insurance plans. 

Further, it has over 10000 network hospitals that allow cashless treatment.

HDFC Ergo General Insurance

HDFC Ergo General Insurance is one of the best insurance firms in India that offer a wide variety of products like senior citizen insurance plans, health insurance, family insurance plans, individual health insurance plans, family floater insurance plans, and health insurance for kids. The company has multiple network hospitals that support cashless treatment. Its customer support is 24/7 to solve customers’ issues.

ManipalCigna Health Insurance 

ManipalCigna Health Insurance is one of the standalone health insurance companies which was founded in 2014.  The company provides a wide array of health insurance packages that meet customers' needs.

Other insurance plans include daily cash plans, personal accident plans, individual health insurance plans, personal accident plans, and many more.   

   Also Read:  The-Biggest-Insurance-Companies

the firm has been driven exponentially.  Now, there are nearly 30 insurance companies in India that provide health insurance services.  Out of these 5 are Standalone Health Insurance companies and 25 are General Insurance Companies providing health insurance products.

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