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+91-9797971876Comparing Top Health Insurance Companies in India Offering the Best Policies 2024
We have comprehensive information on the top health insurance companies, including their coverage, customer service and affordability. Our goal at Investkraft is to help you make an informed decision when selecting a health insurance provider. So, whether you are looking for individual, family or group coverage, we have got you covered.
According to IRDI, 7 health insurance companies offer various types of health insurance plans. As these companies are registered with the IRDAI, we can safely assume that all of these companies providing health insurance policies are best. Each of these health insurance providers has dedicated websites.
Choosing the right health insurance policy in India is essential for financial security during medical emergencies. With numerous companies offering a variety of policies, it can be overwhelming to navigate the options. Most promise quick customer support, easy purchasing, affordable premiums and efficient claim processes, making it difficult to decide on the best one.
Check out our list of top health insurance companies in India to find the best health plan for you and your family. We have compiled the best options to help you choose the right health insurance plan. Take your time to explore and compare the different health insurance companies to make a well-informed purchase decision.
How to Classify the Top Health Insurance Companies in India?
The top health insurance companies are determined on various criteria rather than focusing on a single factor. These criteria include the health insurer’s market share, customer satisfaction ratings, claim settlement ratio, the network of hospitals and healthcare providers, range of coverage and benefits offered, premium affordability, financial stability and reputation in the health insurance industry. Considering these factors collectively helps in identifying the top health insurance companies in India.
List of Best Health Insurance Companies in India and Their Policies
The table provides a comprehensive review of the leading health insurance companies in India, offering insights into their claim settlement ratios, key features, customer support effectiveness, provided benefits and customer feedback.
| Insurer Name | CSR | Key Features | Efficient Customer Support | Benefits Provided | Customer Reviews |
| Aditya Birla Health Insurance Co. Ltd. | 90% | Wellness programs, cashless hospitalization | 24/7 helpline | No-claim bonus, health coach | Generally positive, noted for quick claims |
| Care Health Insurance Ltd. | 95% | Comprehensive coverage, international travel insurance | 24/7 customer service | Pre and post-hospitalization cover, day-care procedures | Positive feedback on policy clarity and support |
| Galaxy Health and Allied Insurance Co. Ltd. | 85% | Flexible plans, personalized health services | Limited availability | Health check-ups, wellness rewards | Mixed reviews, some issues with claim processing |
| Narayana Health Insurance Ltd. | 88% | Network of hospitals, affordable premiums | Responsive support | Coverage for pre-existing diseases after the waiting period | Positive for affordability and network access |
| Manipal Cigna Health Insurance Co. Ltd. | 92% | Global coverage, wellness programs | Good customer service | Cashless hospitalization, health management programs | Generally favourable, praised for comprehensive plans |
| Niva Bupa Health Insurance Co. Ltd. | 93% | Customizable plans, an extensive network of hospitals | 24/7 support | Coverage for alternative treatments, global coverage | Positive, appreciated for customer service |
| Star Health & Allied Insurance Co. Ltd. | 90% | Family floater plans, senior citizen plans | 24/7 customer assistance | Health check-ups, no sub-limits on room rent | Generally positive, noted for prompt claim settlement |
*Note - The data mentioned in the table above can have discrepancies. You are requested to visit the official website of the aforementioned health insurers for the updated data.
List of Best Policies Offered by the Top Indian Health Insurers
Now, we will disclose the best health insurance policies that these top Indian health insurers offer in the table below.
Aditya Birla Health Insurance Co. Ltd.
| Policy Name | Premium (Approx.) | Benefits | Type of Plan | Other Important Parameters |
| Activ Health Platinum Enhanced | ₹8,215/year | Health benefits include chronic care, cashless home treatment, 586 day-care procedures and 60 & 180 days of pre and post-hospitalization cover | Individual/Family | HealthReturns cover chronic illnesses from Day 1, expert health coach, sum insured reload up to 100%, COVID-19 hospitalization expenses covered |
| Activ Assure Diamond + Super Health Topup | ₹11,746/year | 1 crore rupees coverage, global emergency aid, 586 day-care procedures and Ayush therapy | Individual/Family | HealthReturns provides premium returns, increased sum insured reload, health coaching, COVID-19 hospitalization coverage and no-claim bonus |
| Activ Care Premier | ₹18,000/year | Shorter waiting for pre-existing conditions, free annual check-ups, home care and daycare coverage | Senior Citizens | Limited room rent, disease sub-limits, co-payments, limited pre and post-hospitalization coverage |
| Activ Fit | ₹6,863/year | Health benefits, rewards for healthy lifestyle, maternity coverage, pre and post-hospitalization expenses, unlimited sum insured refill | Individual/Family | Get up to 50% premium back with HealthReturns™, an early-bird discount, a no-claim bonus, the cashless facility at 10,000+ hospitals and a premium waiver for critical illness or disability (Aditya Birla Capital). |
| Activ Care Classic | ₹5,000/year | Annual health check-ups, personal health coach, cashless treatment, home nursing, 586 day-care procedures. | Senior Citizens | 21% HealthReturns, 3 plan variants, AYUSH in-patient treatment cover, COVID-19 hospitalization expenses covered by Aditya Birla Capital and Onsurity. |
Care Health Insurance Ltd.
| Policy Name | Annual Premium (Approx.) | Benefits | Type of Plan | Key Features |
| Care Supreme | ₹7,665 | Unlimited recharge, 7x health coverage | Individual/Family | Unlimited treatments, 30% off renewals, cashless treatment at 24,800+ hospitals |
| Care Health Insurance Plan | ₹5,000 | Full coverage for hospitalization and daycare procedures | Individual/Family | Advanced medical treatments, lifelong renewability and tax benefits under Section 80D |
| Care Senior Citizen Plan | ₹8,000 | Covers pre-existing diseases for senior citizens after 1 year | Individual | Daycare treatments are covered, no age limit for enrolment and cashless hospitalization |
| Care Critical Illness Plan | ₹10,000 | 15 critical illnesses covered, lumpsum payment upon diagnosis | Individual/Family | Riders and tax benefits available under Section 80D |
| Care Family Floater Plan | ₹6,500 | The whole family insured under one amount | Family | Maternity benefits, newborn cover, no claim bonus included |
| Care Mediclaim Policy | ₹4,500 | Covers hospital bills, daycare, pre/post hospitalization costs | Individual/Family | The claim process is simple, treatment at 24,800+ hospitals without cash, and can renew lifelong |
Galaxy Health and Allied Insurance Co. Ltd
| Policy Name | Annual Premium (Approx.) | Benefits Offered | Type of Plan | Key Features |
| Galaxy Health Individual Plan | ₹5,000 - ₹15,000 | Hospitalization coverage, pre and post-hospitalization expenses and cashless treatment are included. | Individual | Insurance options range from ₹3 lakh to ₹1 crore. |
| Galaxy Family Floater Plan | ₹10,000 - ₹30,000 | Full family coverage, including maternity benefits. | Family | Insurance coverage for 6 members, with insured amount options ranging from ₹5 lakhs to ₹2 crores. |
| Galaxy Critical Illness Plan | ₹7,000 - ₹20,000 | Coverage for multiple critical illnesses with lump-sum payout. | Individual | Covers 20+ critical illnesses, with a waiting period. |
| Galaxy Senior Citizen Plan | ₹8,000 - ₹25,000 | Covers pre-existing conditions after the waiting period and is designed for seniors. | Individual | The age limit for this insurance is 60 years and above, and the sum insured options range from ₹3 lakhs to ₹50 lakhs. |
| Galaxy Top-Up Health Plan | ₹3,000 - ₹10,000 | Enhanced health insurance with more coverage, increased sum insured at lower cost. | Individual/Family | Options for adding credit, with a deductible. |
| Galaxy Maternity Plan | ₹12,000 - ₹35,000 | Maternity, newborn, and pre/post-natal care coverage. | Family | Maternity benefits require a waiting period. |
Narayana Health Insurance Ltd.
| Policy Name | Annual Premium | Sum Assured | Type of Plan | Key Features |
| Aditi Insurance | ₹10,000 | The budget allocation for surgeries is set at ₹1 crore, while ₹5 lakh has been allocated for medical management. | Family (covers up to 4 members) | Coverage for pre-existing diseases, no waiting period, discounted tests. |
Manipal Cigna Health Insurance Co. Ltd.
| Plan Name | Type of Plan | Annual Premium (approx.) | Sum Insured | Key Benefits |
| Lifetime Health Insurance | Individual/ Family | ₹30,000 - ₹1,00,000 | Up to ₹3 Crore | Get coverage for 27 major illnesses, enjoy cashless hospitalization, customize your coverage and opt for a critical illness rider |
| Health Insurance Plan | Individual/ Family | ₹20,000 - ₹80,000 | Up to ₹1 Crore | Full medical coverage with global coverage, including OPD expenses and optional add-on benefits |
| Critical Illness Plan | Individual | ₹15,000 - ₹50,000 | Up to ₹1 Crore | Insurance for specific critical illnesses and pays a lump sum upon diagnosis |
| Family Floater Plan | Family | ₹25,000 - ₹90,000 | Up to ₹2 Crore | One policy covers the whole family, more coverage and cashless hospitalization |
Niva Bupa Health Insurance Co. Ltd.
| Plan Name | Annual Premium | Sum Insured | Type of Plan | Key Benefits |
| Health Companion | ₹5,116 | ₹300,000 - ₹1 Cr | Individual/Family | Daycare treatments covered, pre & post-hospitalization included, option for pre-existing diseases after the waiting period |
| ReAssure 2.0 | ₹10,431 | ₹1,000,000 | Individual/Family | Premiums remain fixed from the entry age until a claim is filed, coverage up to 10 times the base sum insured and a renewal discount of up to 30% based on a healthy lifestyle |
| Health Premia | ₹12,488 | ₹500,000 - ₹3 Cr | Individual/Family | Coverage includes pre and post-hospitalization, modern treatments, 50,000 rupees for HIV/AIDS, maternity benefits for 2 pregnancies and newborn vaccinations |
| GoActive | ₹13,352 | ₹500,000 | Individual/Family | Daycare, pre/post-hospitalization coverage, immediate chronic disease coverage, up to 30% renewal discount for a healthy lifestyle |
| Money Saver | ₹9,504 | ₹3,000,000 | Individual/Family | Combines base and top-up plans cover pre/post-hospitalization expenses and include an annual health check-up |
| Super Saver | ₹9,214 | ₹2,000,000 | Individual/Family | Daycare treatments, pre/post-hospitalization coverage, up to 1 crore rupees and an annual health check-up |
| Heart Beat | ₹17,234 | ₹750,000 - ₹1 Cr | Individual/Family | Coverage for pre and post-hospitalization expenses, modern treatments, HIV/AIDS up to 50,000 rupees, maternity benefits (2 pregnancies) and newborn vaccinations |
| Senior First | ₹13,453 | ₹500,000 | Individual/Family | Insurance for senior citizens covers daycare, pre/post-hospitalization expenses and an annual check-up |
Star Health & Allied Insurance Co. Ltd.
| Plan Name | Type | Coverage (Sum Insured) | Annual Premium (Approx.) | Key Benefits |
| Star Comprehensive Insurance Plan | Family/Individual | ₹5 Lakh - ₹1 Crore | ₹10,000 - ₹50,000 | Hospitalization, pre/post-hospitalization, AYUSH treatment and organ donor expenses |
| Family Health Optima Insurance Plan | Family | ₹3 Lakh - ₹25 Lakh | ₹7,500 - ₹25,000 | Hospital, ambulance, maternity and newborn coverage |
| Star Health Gain Insurance Policy | Individual | ₹1 Lakh - ₹5 Lakh | ₹5,000 - ₹15,000 | Doctor visits, medication costs and tests |
| Star Cancer Care Platinum | Individual | ₹3 Lakh - ₹5 Lakh | ₹15,000 - ₹35,000 | Cancer treatment and post-treatment care |
| Star Criticare Plus Insurance Policy | Individual | ₹2 Lakh - ₹10 Lakh | ₹7,000 - ₹30,000 | Cover for critical illnesses, hospitalization and ambulance |
| Young Star Insurance Policy | Individual/Family | ₹3 Lakh - ₹1 Crore | ₹6,000 - ₹45,000 | Coverage for hospitalization, pre/post-hospitalization and outpatient emergencies |
| Star Senior Citizens Red Carpet | Individual | ₹1 Lakh - ₹25 Lakh | ₹12,000 - ₹60,000 | Pre-existing diseases may require hospitalization or outpatient consultation after 1 year |
| Arogya Sanjeevani Policy | Individual/Family | ₹1 Lakh - ₹5 Lakh | ₹3,000 - ₹15,000 | Hospitalization, pre/post-hospitalization, YUSH treatment and daycare procedures |
Which Specific Health Insurance Companies Do You Recommend for an Individual?
Investkraft recommends the following health insurance companies based on their expert research. These companies were compared on factors such as sum insured, network hospitals, waiting periods, exclusions and premium costs.
| Company Name | Claim Settlement Ratio | Solvency Ratio | Network Hospitals | Key Features |
| HDFC ERGO | 100% | 1.75 | 12,000+ | Full coverage, cashless treatments, critical illness coverage and high claim settlement ratio |
| ManipalCigna | 93.50% | 1.57 | 18,000+ | Corporate health programmes for employees, including OPD and wellness solutions |
| Care Health Insurance | 95% | 1.82 | 22,900+ | Global coverage, fast approval for cashless claims |
| Niva Bupa | 91.20% | 1.79 | 10,000+ | Customizable plans and flexible coverage |
| Star Health and Allied | 85.47% | 2.03 | 14,000+ | Plans for seniors and pre-existing conditions with minimal wait times |
| Bajaj Allianz | 93% | 3.91 | 11,000+ | Affordable premiums for comprehensive coverage |
| Acko | 83.88% | 4.26 | 14,300+ | Online policy management and free yearly health checkups |
| ICICI Lombard | 93% | 2.51 | 7,500+ | Promoting wellness and preventive care incentives |
| Tata AIG | 78.33% | 1.97 | 10,000+ | Customize with add-ons and global coverage |
| SBI General | 73.92% | 1.86 | 6,000+ | Government-affiliated insurer with trustworthy coverage |
Conclusion
Choosing the right health insurance company is essential for financial security during medical emergencies. Investkraft’s guide on top health insurance companies offers detailed information on the coverage options, customer service and affordability, making decision-making easier. The listed providers have proven reliability with high claim settlement ratios, a wide hospital network and positive customer feedback.
Having the right health insurance policy is crucial for protecting your finances and ensuring access to quality healthcare. It is important to take your time and compare different plans before making a decision that suits your needs. Make sure to refer to the official websites of health insurance companies for the latest and most accurate information.
Frequently Asked Questions (FAQs)
Q: Which health insurance is best in India?
A: While selecting the best health insurance plan, it is important to consider individual health needs and personal circumstances. Some of the top health insurance plans in India for 2024 include:
- ICICI Lombard Complete Health Insurance Plan
- Star Comprehensive Insurance Plan
- Care Health Insurance Plan
- ManipalCigna ProHealth Protect Insurance Plan
- HDFC ERGO Health Optima Restore
Q: How to compare two health insurance plans?
A: When comparing two health insurance plans, it is important to consider several factors:
- Coverage Amount
- Premium
- Network Hospitals
- Claim Settlement Ratio
- Waiting Periods
- Add-ons and Riders
Q: Who are the top 5 health insurance companies?
A: The top health insurance companies in India are determined by analyzing their performance and considering customer reviews:
- ICICI Lombard General Insurance
- Star Health and Allied Insurance
- Care Health Insurance
- ManipalCigna Health Insurance
- HDFC ERGO Health Insurance
Q: What are the 2 most common health insurance plans?
A: Two common types of health insurance plans are:
- Individual Health Insurance Plans: These plans cover a single person and provide benefits like hospitalization, pre- and post-hospitalization, and day-care procedures.
- Family Floater Health Insurance Plans: These plans cover the entire family under a single sum insured, which is available to any family member during the policy tenure
Q: Which health insurance claim is best in India?
A: Choosing the best health insurance policy in India is influenced by factors like claim settlement ratio, coverage benefits, premiums and customer service. These are the top health insurance providers in India as they excel in these criteria:
- Care Health Insurance (formerly Religare)
- Niva Bupa Health Insurance (formerly Max Bupa)
- ManipalCigna Health Insurance
- HDFC ERGO Health Insurance
- Star Health and Allied Insurance
- ICICI Lombard Health Insurance
- Aditya Birla Health Insurance
Q: Is it better to take Mediclaim or health insurance?
A: Health insurance offers more extensive coverage options and higher sum insured limits compared to Mediclaim, making it a better choice for comprehensive protection. On the other hand, if your main concern is only hospitalization expenses, a Mediclaim policy might be sufficient for your needs.
Q: What is the cost of a health insurance plan per month?
A: In India, health insurance premiums can vary from ₹500 to ₹5000 per month. The cost depends on factors such as the sum insured and the coverage features. Family floater plans, which provide coverage for all family members under a single policy, usually come at a higher cost compared to individual plans.
Q: Who gives the best health insurance in India?
A: The top health insurance providers in India, chosen for their extensive coverage, high claim settlement ratio and positive customer reviews, are:
- HDFC Ergo
- Star Health and Allied Insurance
- Niva Bupa (formerly Max Bupa)
Q: Who are the top 3 insurance companies in India?
A: Some popular insurance companies in India include names like LICI, ICICI Lombard and HDFC Ergo.
Q: Which insurance company has the most complaints in India?
A: National Insurance and United India Insurance, two major public sector insurers, have been found to have higher complaint volumes in comparison to their size. This information was gathered by reviewing the annual reports of the Insurance Regulatory and Development Authority of India (IRDAI).
Q: What is the 2nd largest insurance company?
A: ICICI Lombard General Insurance is the second-largest insurance company in India after the Life Insurance Corporation of India (LICI). It holds a significant market share and collects substantial premiums in the general insurance sector.
Q: Which one is a good health insurance?
A: Based on your specific health needs and financial circumstances, it is important to select a health insurance plan that provides appropriate coverage and is affordable.
Q: Can I pay monthly for health insurance?
A: Yes, monthly payments for health insurance are a common option. These monthly premiums are essential for maintaining continuous coverage. As long as you keep up with the payments, your health insurance will remain intact.
Q: What is the waiting period for health insurance?
A: The waiting period in health insurance is an important consideration when choosing a plan, as it can impact when your coverage will take effect and when certain benefits will be available. The length of the waiting period can differ greatly between insurers and policy types, so it is crucial to review the details before making a decision.
Q: Which is the No 1 health insurance company in India?
A: The leading health insurance provider in India. Star Health and Allied Insurance Co. Ltd, is widely acknowledged for its wide-ranging policies, extensive network and exceptional customer service.
Q: Which health insurance claim is best?
A: In India, the best health insurance claim process depends on factors like filing ease, settlement speed and provided support. Star Health and Allied Insurance and HDFC Ergo have high claim settlement ratios and hassle-free processes.
Q: Which Mediclaim is best for families?
A: Several health insurance plans are well-regarded for families in 2024. Some of the top options include:
- Niva Bupa Reassure 2.0
- Care Supreme
- ManipalCigna Prime Advantage
- Aditya Birla Activ Health Platinum Enhanced
- Star Health Assure
Q: How do I choose health insurance for myself?
A: When choosing health insurance for yourself, consider the following factors:
- Coverage
- Sum Insured
- Network Hospitals
- Premiums
- Claim Settlement Ratio
Q: Can I claim health insurance after 1 month?
A: Most health insurance plans typically include a waiting period of 30 days, where claims can be made for accidents. However, once this period is over, you can start claiming for covered illnesses and treatments.
Q: What is the minimum period of stay in the hospital to get covered in health insurance?
A: The duration of stay required for health insurance coverage varies, but is generally at least 24 hours. However, there may be exceptions for certain treatments or procedures that do not require an overnight stay.
Q: Which government mediclaim is best?
A: Ayushman Bharat Yojana, a government-sponsored health scheme, is widely known for its extensive coverage for the economically weaker sections. It offers significant benefits and includes a wide range of treatments at empanelled hospitals.
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