The healthcare sector of India has progressed immensely and the main contributing factors have been the advancement of medical technology along with the expansion of health insurance schemes. Now individuals can cover themselves and their family and secure their health without incurring unplanned medical expenses. Now, purchasing a health plan is no more a cumbersome process and can be bought quickly within minutes.
Let’s have a look at the list of various health insurance companies in India along with their health insurance plans.
List of Various Health Insurance Companies In India
| Insurance Company | Health Insurance | Cashless Hospitals |
|---|---|---|
| Aditya Birla Health Insurance | Activ Fit Activ Health Platinum Enhanced Activ Assure Diamond+ Super Health top-up Activ Assure Diamond Activ Care Classic Active Health Platinum Essential Activ Secure Activ Critical Illness Plans Activ Secure Personal Accident | 10,000+ |
| Acko General Insurance | 25L ACKO Platinum Plan 25L ACKO Platinum Super Top-up Health Insurance 50L ACKO Platinum Plan 50L ACKO Platinum Super Top-up Health Insurance 1 Cr. ACKO Platinum Plan 1 Cr. ACKO Platinum Super Top-up Health Insurance Unlimited ACKO Platinum Plan Unlimited ACKO Platinum Super Top-up Plan Aarogya Sanjeevani Group Health Insurance | Not Available |
| Bajaj Allianz General Insurance | Individual Health Insurance Family Health Insurance International Health Insurance Health Infinity Plan Aarogya Sanjeevani Corona Kavach Top-up Health Criti Care Global Personal Guard Senior Citizen M-Care Saral Suraksha Bima | 8,000+ |
| Cholamandalam MS General Insurance | Flexi Health Chola Healthline Super top-up Arogya Sanjeevani Policy Chola Hospital Cash Critical Healthline Accident Protection | 10,000+ |
| Manipal Cigna Health Insurance Company | Hospitalization Cover Personal Accident Cover Critical Illness Cover Daily Hospital Cash Riders | 8,500+ |
| Edelweiss General Insurance | Family Health Insurance Top-up Health Insurance | 5,300+ |
| Future Generali India Insurance | FG Health Absolute FG Health Elite Health Total Hospital Cash Future Advantage Top-up Super Saver Health Suraksha Senior Citizen Insurance Critical Illness Surakshit Loan Bima Arogya Bima Arogya Sanjeevani Policy Saral Suraksha Bima Mosquito Insurance Personal Accident | 7,500+ |
| Kotak General Insurance | Kotak Secure Shield Kotak Health Care Kotak Accident Care Kotak Health Super Top Up Kotak Health Premier Arogya Sanjeevani Policy Saral Suraksha Bima | 7,000+ |
| Go Digit General Insurance | Family/Individual Insurance Super Top-Up OPD Health Insurance Arogya Sanjeevani Policy Personal Accident Corporate Health Insurance | 10,500 |
| HDFC ERGO General Insurance | my:Optima Secure Plans Optima Restore Family/Individual Health Policy Personal Accident Policy My:health Suraksha Medicare Classic/Super-Top-Up Plan My:health Women Suraksha Critical Illness/Essential Plan My:health Women Suraksha Cancer Plus Plan Arogya Sanjeevani Policy iCan Health Insurance Corona Kavach Optima Secure Plans Koti Suraksha | 12,000+ |
| ICICI Lombard General Insurance | Complete Health Insurance Health Booster Personal protect Arogya Sanjeevani Corona kavach Saral Suraksha Health Advantage Golden Shield | 6,700+ |
| IFFCO TOKIO General Insurance | Family/Individual Health Protector Swathya Kavach Individual Medshield Personal Accident Policy Health Protector Policy Swasthya Raksha Bima Critical Illness Benefit MOS-BITE Protector Policy Arogya Sanjeevani Corona Rakshak And Corona Kavach policy Hospital Daily Cash Policy Saral Suraksha Bima | 7,500+ |
| Niva Bupa Insurance | ReAssure SeniorFirst Health Recharge MoneySaver Health Premia Aarogya Sanjeevani Health Companion GoActive Heart Beat Health Pulse Health Plus Corona Kavach and Rakshak Health Multiplier Smart Health Senior First Safeguard (Add-on) | 8,600+ |
| Reliance General Insurance | Health Gain Insurance Health Infinity Super Top-Up Aarogya Sanjeevani Health Wise Hospi Care Saral Suraksha Personal Accident Critical Insurance Corona Rakshak And Corona Kavach Wellness | 8,600+ |
| Care Insurance | Family/Health Insurance 1 Crore Health Insurance Senior Citizen Maternity Health Insurance Health Insurance For Diabetes Heart Health Insurance Super Top-Up Cancer Insurance Critical Illness Insurance Heart Mediclaim Operation Mediclaim | 19,000+ |
| Liberty General Insurance | Health Connect Policy Health Connect Supra Individual Personal Connect Policy Janta Personal Accident Insurance Policy Secure Health Connect Corona Kavach Policy Health Prime Connect | 5,800+ |
| Royal Sundaram General Insurance | Royal Sundaram Lifeline Plan Royal Sundaram Family Plus Health Insurance Plan Royal Sundaram Hospital Cash Insurance Plan Aarogya Sanjeevani Plan Personal Accident Plan | 11,800+ |
| SBI General Insurance | Arogya Supreme Policy Arogya Sanjeevani Policy Arogya Premier Arogya Plus Arogya Top-Up Critical Illness Hospital Daily Cash Super Health Personal Accident Policy | 20,000+ |
| Star Health & Allied Insurance | Comprehensive Insurance Policy Senior Citizens Red Carpet Health Insurance Policy Diabetes Safe Insurance Policy Cardiac Care Insurance Special Care Novel Coronavirus Cancer Care Platinum Critical Illness Young Star Insurance Policy Micro Rural and Farmers Care Women Care Health Premier Surplus Insurance | 13,000+ |
| Tata AIG General Insurance | TATA AIG Medicare Medicare Plus Super Top-Up policy Family Health Insurance Corporate Health Insurance Corona Kavach Critical Illness Arogya Illness | 7,200+ |
| The New India Assurance | Arogya Sanjeevani Policy Corona Kavach Policy New India Asha Kiran Policy New India Cancer Guard Policy New India Floater New India Mediclaim Policy New India Premier Mediclaim Policy New India TOP-UP Mediclaim Policy Young India Digi Health Policy Yuva Bharat Health policy | 1,500+ |
| The Oriental Insurance Company | Happy Family Floater Policy Health Insurance Mediclaim Insurance Policy Happy Cash-Nischint Rahein Plan Super Health Top-Up Plan Pravasi Bhartiya Bima Yojna Health of Privileged Elders Aarogya Sanjeevani Policy Dengue Kavach Critical Illness Policy Corona Kavach Policy Cancer Protect Jan Arogya Policy | 5,000+ |
| Universal Sompo General Insurance | Complete Healthcare Super Healthcare Arogya Sanjeevani Insurance Corona Rakshak Policy Corona Kavach Policy Saral Suraksha Bima | 4,000+ |
Now that you have seen the list of health insurance companies in India, read our article Best Health Insurance Policies of India, to know the best health insurance plans from the insurance providers.
Why Is Health Insurance Important?
- 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 IRDAI Approved Health Insurance Company: The IRDAI (Insurance Regulatory and Development Authority) is the regulator of the insurance sector in India which is responsible for the development and regulation of the insurance companies.
Brand Reputation: While comparing the different health insurance companies, do not just select the company on the basis of premium quotes, the overall brand reputation of insurance companies also matters a lot especially during the time of medical emergencies.
Claim Settlement Ratio: Past track record of claim settlement ratio is extremely crucial while 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 cashless treatment at networked hospitals. In such cases, the policyholder does not need to follow any reimbursement procedure to get financial assistance. Choose health insurance companies with a maximum number of network hospitals, so that you can avail 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 surely 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 further helps to understand the benefits and coverage of the policy. This will help the policyholder to 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.
- Customize your insurance plan as per your need and requirements from the various customization options provided by the 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. As, there is no commission payment that has to be given when one buys the policy directly from the insurance company.
How To Buy A Health Insurance Policy Online?
You can buy the health insurance policy directly from the insurance company at any given point of time. Online buying allows you to avail various online discounts which helps in lowering the 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 website of the insurance company 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 for the premium via various online payment methods and receive a soft copy of the policy document within minutes on your registered email id.
Frequently Asked Questions (FAQs)
How to select the best health insurance company in India?
Well, it totally depends on the covered individual needs and requirements. However, one should look at the parameters such as claim settlement ratio, cashless network, reputation of the company and the policy inclusions and exclusions.
What should I do when my health insurance expires?
If your health policy gets lapsed, remember that you are not covered any longer under the same policy. It is advisable to apply for the renewal or new policy at least 45 days prior to the date of expiration of the insurance policy.
What do you mean by lifelong renewability in health insurance?
As per the rules, if any health insurance company offers a benefit of lifetime renewability, then the company allows the policyholder to renew the policy without again applying from scratch for a new health insurance policy. Through this option, the policyholder can renew the plan for a lifetime and continue to receive a policy coverage for life.
Which are the top health insurance policies in India?
1. Aditya Birla Activ Health + Multiply Fit Combo
2. ICICI Lombard- Complete Health Insurance Policy
3. STAR Health’s Senior Citizens Red Carpet Health Policy
4. HDFC ERGO My: Health Women Suraksha
5. Care Youth Health Insurance plan
6. Niva Bupa Health Pulse Policy
7. Reliance Health Gain Policy
8. Royal Sundaram Family Plus Policy
9. Bajaj Allianz Criti Care Policy
10. IFFCO Tokio Personal Accident Insurance Policy
11. Tata AIG Super Top Up Policy
How can I save tax by purchasing a health insurance policy?
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.
