Health Insurance Companies in India: Every year the Insurance Regulatory and Development Authority (IRDA) announces the list of the best health insurance companies. There are some important features that help the rate of insurance companies, such as their performance, estimated claim ratio and the rate of overall profits provided to their customers. Now read about top ten health insurance companies in India.
Top 10 Health Insurance Companies in India following listed are:
1) Apollo Munich Health Insurance Company Limited
Apollo Munich Health Insurance Company had an excellent record of estimated claim ratio of 63.03% for the financial year 2014-15, and additional benefits such as portability and lifetime renewal option have been introduced in existing health insurance plans.
2) Star Health and Allied Insurance Company Limited
Star Health and Allied Insurance Company have recorded an estimated claim ratio of 63.96% for the financial year 2014-15. The company has an internal claim settlement process to deal with the facility of cashless hospital recruitment, as well as the Star Health and Allied Insurance Company, along with many exciting products that provide protection to diabetes and HIV + patients.
3) Max Bupa Health Insurance Company Limited
Max Buma is one of the most famous insurance companies in India, with an estimated claim ratio of 55.16% in the financial year 2014-15. This company provides its health insurance policy to individuals of all age groups.
4) ICICI Lombard General Insurance Company Limited
The most popular product offered by ICICI Lombard General Insurance is health benefits, which provides full coverage for the expenses incurred in the case of a medical emergency. It involves the cost of hospital admissions, dental expenses, room rent, and ambulance fees to a limit. It was an estimated claim ratio of 87.38% for the financial year 2014-15.
5) Religare Health Insurance Company Limited
Religare Health Insurance Company Limited has seen tremendous growth in a short period, thereby establishing a benchmark in India’s insurance market. There was an estimated claim ratio of 61.13%. It is being regularly appreciated and encouraged by Fortis Hospital.
6) Signa TTK Health Insurance Company Limited
Signa TTK Health Insurance Company is the relatively new player in the Indian Insurance market because it was only started in 2014 and was immediately counted as one of the best health insurance companies in India. Its estimated claim ratio for the financial year 2014-15 is 64.32%
7) Bajaj Allianz General Insurance Company Limited
Bajaj Allianz General Insurance Company has some health products which are very beneficial for customers of a particular age group. 3 major health insurance products are Health Guard, Silver Health, and Star Packages Bajaj Allianz Insurance Company was the first to provide captive TPA services with some additional benefits. Its estimated claim ratio for the financial year 2014-15 is 73.59%.
8) New India Assurance Company Limited
New India Assurance is a fully government-owned entity of India, which is in operation since 1919. This company is famous for its Mediclaim policy. The best feature offered under this health insurance policy is that it provides different ratings for major metros. For the financial year 2014-15, it had an estimated claim ratio of 98.78%.
9) Oriental Insurance Company Limited
Oriental General Insurance is a government-owned general insurance company that provides a wide range of health insurance products in India. The effective part of Oriental Health Insurance is that it does not require pre-policy medical examination till the age of 60, whereas other health insurance providers are mandatory to take a medical examination if you are under age 45 years of age. The impact ratio for the financial year 2014-15 is 117.02%.
10) National Insurance Company Limited
National Insurance Company Limited is a full government entity, which has been serving its customers for more than a century and also provides health insurance coverage. There was an estimated claim ratio of 110.02% for the financial year 2014-15. There is a variety of mediclaim in the best health product offered by the National General Insurance Company, which provides coverage to senior citizens.
Hope this article has shared useful information about Top 10 Health Insurance Companies in India with you. You can choose a health plan from a wide range of products offered by these general insurance companies in India, these insurance companies are well known for their family’s floater plans. Now! Compare different insurance plans to find the best insurance policy.