Each and every year IRDA or Insurance Regulatory and Development Authority of India presents a list of companies which provides health insurance. To rate an Insurance company, there has to have some important features which become the basis of rating. The important features include the overall benefit offered to the customer, their performances, and incurred claim ratio. Now we’re going to list the top 10 health insurance companies in India which will help you get a better flow of understanding.
Apollo Munich Health Insurance Company Limited:
It had an excellent history of incurred claim ratio of 63.03% of the budgetary year 2014 to 2015. It has also brought supplementary conveniences such as life-long renewability options and portability for its prevailing health insurance plans.
- Restore Insurance Plan
- Easy Health Premium Plan
- Vital Insurance Plan
- Senior Insurance Plan
- Plus, Insurance Plan
Address: 11, RDB Blvd, GP Block, Sector V, Salt Lake City, Kolkata, West Bengal 700106
Phone: 033 4016 8444
Star Health & Allied Insurance Company Limited:
It has an astounding history of incurred claim ratio 63.96% for the budgetary year of 2014 to 2015. The company also houses an in-house claim settlement for the sole purpose of dealing with without cash hospitalization functionality. It has also come up with a wide range of arsenal of exciting products that offer protection against HIV+ patients and Diabetes.
- Optima Insurance
- Senior Citizens Red Carpet Insurance
- Comprehensive Insurance
- MediClassic Insurance
- Health Gain Insurance
Address: Star Health & Allied Insurance Co. Ltd,
No.1, New Tank Street, Valluvarkottam High Road,
Chennai – 600 034
Phone: 1800-425-2255 / 1800-102-4477
Max Bupa Health Insurance Company Limited
It is one of the best and most acclaimed health insurance companies in India. It had an incurred claim ratio of 55.16% for the budgetary year 2014 to 2015. This company offers health insurance policies to people of all age groups.
- Oriental Individual Mediclaim Plan
- Oriental Happy Family Floater Plan
- Oriental Overseas Mediclaim Plan
- Oriental Group Mediclaim Plan
- Jan Arogya Plan
Address: Max Bupa Health Insurance Company Limited,
B-1/I-2, Mohan Cooperative Industrial Estate,
Mathura Road, New Delhi-110044
ICICI Lombard General Insurance Company Limited
It is one of the most popular services offered by ICICI Lombard General Insurance which offers total coverage of expenses which incurred during a medical surgery. Furthermore, it also covers most of the costs of room rent, ambulance charges, dental expenses and hospitalization. It had incurred claim ratio of 87.38% for the budgetary year 2014 to 2015.
- Motor insurance
- Health insurance
- Travel insurance
- Home insurance
Address: ICICI Lombard House
414, P. Balu Marg,
Off Veer Sawarkar Marg,
near Siddhivinayak Temple, Prabhadevi
Phone: 1800 2666
Religare Health Insurance Company Limited
It saw a tremendous growth within a short period of time, therefore, setting a criterion for the Indian insurance market. It had incurred claim ratio of 61.13% for the budgetary year 2014 to 2015. Fortis hospitals have been frequently appreciating and promoting Religare Health Insurance Company.
- Care health insurance plan
- Joy Maternity Focus insurance plan
- Enhance top-up insurance for already insured
- Assured critical illness benefit plan
- Secure personal accident insurance
Address: Vipul Tech Square, Tower C, 3rd Floor,
Sector – 43, Golf Course Road, Gurgaon – 122009
Phone: 1860 500 4488
Cigna TTK Health Insurance Company Limited
Since it was released in 2014, this health insurance company is relatively a new player in the Indian insurance market. As soon as it launched, it fell into the category of being one of the best health insurance companies based in India. It’s incurred claim ratio for the budgetary year 2014 to 2015 was 64.32%.
- Pro-health protect plan
- Critical illness insurance
- International Health Insurance
- Cigna TTK lifestyle protection-accident care plan
- Pro-health cash
Address: 401/402, Raheja Titanium, Western Express Highway, Goregaon (East),
Bajaj Allianz General Insurance Company Limited
They house some health products and services which are very crucial as well as beneficial for customers from a very specific age group. Primarily, they offer three insurance products such as Silver Health, Health Guard, and Star Package. It’s incurred claim ratio is 73.59% for the budgetary year 2014 to 2015.
- Guard individual policy
- Guard family floater option
- Extra care health plan
- Premium personal guard policy
- Critical illness health Insurance plan
Address: Depends on the location. You can use their websites branch locator for branches near you.
Phone: 1800 209 5858
New India Assurance Company Limited
It is a fully owned government entity belonging to the Government of India. It started its operations in 1919. Mediclaim policy made this company popular. It provides an insurance policy that gives different ratings for different major metropolitan cities. It had incurred claim ratio of 98.78% for the budgetary year of 2014 to 2015.
- New India top up mediclaim policy
- New India Floater mediclaim policy
- New India Asha Kiran policy
- Mediclaim 2012 policy
- PravasiBharatiyaBimaYajona Policy
Address: Can be easily located using the “Locate Us” function on their website.
Oriental Insurance Company Limited:
It is also a government-owned health insurance company that offers a wide arsenal of health insurance products and services in India. It doesn’t require a pre-policy medical test up to the age of 60 years and it’s an impressive feat not undertook by any other health insurance company. It’s incurred claim ratio is at 117.02% for the budgetary year of 2014 to 2015.
- Individual medical plan
- Happy family floater plan
- Overseas medical plan
- Group medical plan
- Jan arogya plan
Address: Oriental House, A-25/27, Asaf Ali Road,
New Delhi – 110002
Phone No: 011-43659595
National Insurance Company Limited
It is also a fully governmental owned entity. It has been serving its customers for more than a hundred years and also provides full health coverage. It had incurred claim ratio of 110.02% for the budgetary year of 2014 to 2015. VaristhaMediclaim is the best Health product which is offered by National General Insurance Company.
- Overseas Medical Business and Holiday Policy
- National Insurance Parivar Mediclaim Policy
- National Insurance Parivar Mediclaim Plus Policy
- Overseas Medical Employment and Studies Policy
- National Insurance Mediclaim Plus Policy
Address: 3, Middleton Street,
Prafulla Chandra SenSarani,
Kolkata, West Bengal, 700071.
Phone: 1800 200 7710