Top 12 Health Insurance Companies in India

In a country where wellness is becoming a priority, health insurance plays a pivotal role. The escalating medical costs make it imperative for individuals to have a reliable health insurance plan. This article will unravel the intricacies of health insurance in India, guiding you through the top 12 companies that excel in providing comprehensive coverage.

Factors to Consider When Choosing Health Insurance

Health Insurance Companies in India

Coverage options

The first checkpoint in your health insurance journey is understanding the coverage options. A good health insurance policy should offer a wide range of coverage, including hospitalization, pre and post-hospitalization expenses, and critical illness coverage.

Premiums and deductibles

The financial aspect is crucial. Evaluate premiums and deductibles carefully. While a lower premium might seem attractive, ensure that it doesn’t compromise the coverage you need. Assess the deductibles and co-payments to avoid any surprises during claims.

Network hospitals

A robust network of hospitals ensures that you can avail cashless treatment at various medical facilities. Check the list of network hospitals associated with the insurance company to ensure there’s a convenient option near you.

Claim settlement ratio

This ratio reflects the efficiency of the insurance company in settling claims. A higher ratio indicates a smoother and quicker claims process. Look for companies with consistently high claim settlement ratios.

Top Criteria for Evaluating Health Insurance Companies

Financial stability

Opting for an insurance provider with a stable financial background is crucial. It ensures that the company can fulfill its financial commitments, especially during times of crisis. Check the company’s financial ratings and stability.

Customer reviews and ratings

Feedback from existing customers can provide valuable insights. Explore reviews and ratings on independent platforms to gauge the customer satisfaction levels. A company with positive reviews is likely to prioritize customer service.

Range of policies offered

A one-size-fits-all approach rarely works in health insurance. Look for companies offering a diverse range of policies catering to different needs. Whether it’s a family floater plan or a senior citizen policy, diversity is a sign of a comprehensive insurer.

Additional benefits and features

Beyond the basic coverage, assess the additional benefits and features offered. Some insurers provide wellness programs, coverage for alternative treatments, and discounts on health services. These perks can enhance the overall value of your policy.

Apollo Munich Health Insurance

Overview and history

Apollo Munich, now HDFC ERGO Health Insurance, was a joint venture between Apollo Hospitals Group and Munich Health. Established in 2007, it aimed to provide innovative and customer-centric insurance solutions.

Key policies and features

Apollo Munich’s flagship policies include Optima Restore, Easy Health, and Personal Accident Plan. These plans offer a range of features like restore benefit, lifelong renewability, and coverage for critical illnesses.

Pros and cons

Pros: Strong brand reputation, comprehensive coverage, and a wide network of hospitals. Cons: Premiums might be on the higher side compared to some competitors.

In the next section, we’ll delve into Star Health and Allied Insurance, another key player in the Indian health insurance landscape.

Star Health and Allied Insurance

Company background

Star Health and Allied Insurance, established in 2006, focuses exclusively on health insurance. This specialization has contributed to its prominence in the industry.

Notable policies

Star Health’s policies include Family Health Optima, Senior Citizens Red Carpet, and Star Comprehensive. These plans offer unique features like automatic recharge of the sum insured and in-built maternity coverage.

Customer feedback

Customer reviews often praise Star Health for its prompt claim settlement and customer-friendly approach. The company has gained trust through its dedicated focus on health-related insurance products.

Moving forward, let’s explore Max Bupa Health Insurance, a company known for its customer-centric policies.

Max Bupa Health Insurance

Company profile

Max Bupa, a collaboration between Max India Limited and Bupa Finance PLC UK, has been a key player in the health insurance sector since its establishment in 2008.

Policy highlights

Max Bupa offers policies like Health Companion, Heartbeat, and GoActive. These plans come with features such as international coverage, lifelong renewability, and comprehensive wellness solutions.

Unique selling points

Max Bupa stands out for its commitment to customer wellness. The GoActive plan, for instance, provides personalized health coaching and worldwide emergency assistance.

As we journey through the health insurance landscape, the following section will shed light on ICICI Lombard General Insurance.

ICICI Lombard General Insurance


ICICI Lombard, a collaboration between ICICI Bank and Lombard Canada Ltd., has been a stalwart in the general insurance sector since its inception in 2001.

Popular health insurance plans

ICICI Lombard’s health insurance portfolio includes iHealth, Complete Health Insurance, and Personal Protect. These plans offer features like in-built critical illness coverage and cashless hospitalization.

Customer satisfaction

Customer testimonials often highlight ICICI Lombard’s seamless claims process and responsive customer support. The company’s commitment to technological innovation has contributed to its popularity.

The next contender in our exploration is the New India Assurance Company, a veteran in the insurance industry.

New India Assurance Company

Brief history

Established in 1919, New India Assurance is one of the oldest players in the Indian insurance market. With decades of experience, it has garnered trust and credibility.

Noteworthy policies

New India Assurance offers policies like Mediclaim, New India Floater Mediclaim Policy, and New India Family Floater Mediclaim Policy. These plans provide comprehensive coverage for various medical expenses.

Claim settlement process

The company is known for its efficient claim settlement process. The use of technology has streamlined the claims procedure, ensuring a hassle-free experience for policyholders.

Now, let’s delve into the offerings of Religare Health Insurance, a company with a commitment to providing comprehensive health coverage.

Religare Health Insurance


Religare Health Insurance, now Care Health Insurance, is a subsidiary of Religare Enterprises Limited. It entered the health insurance market in 2012, emphasizing customer-centric policies.

Comprehensive policies

Religare Health Insurance offers policies like Care, Care Freedom, and Joy. These plans cover a spectrum of medical expenses, including hospitalization, pre and post-hospitalization, and daycare procedures.

Notable advantages

The company’s policies stand out for features like automatic recharge of the sum insured, global coverage, and no-claim bonus. Religare Health Insurance prioritizes the well-being of its policyholders.

Transitioning to the next player, let’s explore HDFC ERGO General Insurance, a company that has emerged as a prominent choice for health coverage.

HDFC ERGO General Insurance

Company information

HDFC ERGO, a collaboration between HDFC Ltd. and ERGO International AG, has been a leading name in the insurance sector since 2008.

Key health insurance products

HDFC ERGO offers policies like Health Suraksha Gold, Optima Restore, and my: health Medisure Super Top-Up. These plans provide extensive coverage, including maternity benefits and wellness programs.

User experiences

Customer reviews often highlight HDFC ERGO’s user-friendly policies and hassle-free claim settlement. The company’s commitment to transparency and innovation has contributed to its popularity.

Now, let’s explore Oriental Insurance Company, a stalwart in the insurance industry with a legacy that spans decades.

Oriental Insurance Company

Establishment and growth

Established in 1947, Oriental Insurance Company has played a pivotal role in the development of the insurance sector in India. With a vast network, it has been a reliable choice for many.

Prominent policies

Oriental Insurance offers policies like Individual Mediclaim Policy, Happy Family Floater Mediclaim Policy, and Oriental Super Health Top-up Policy. These plans cater to a diverse range of medical needs.

Claim handling efficiency

The company is known for its efficient and transparent claim settlement process. Policyholders often commend Oriental Insurance for its prompt and fair approach to claims.

Our exploration now leads us to United India Insurance Company, a player with a rich history and a comprehensive range of insurance offerings.

United India Insurance Company

Historical background

Established in 1938, United India Insurance Company has a legacy of over eight decades. It has evolved to meet the changing needs of the insurance landscape in India.

Diverse insurance offerings

United India Insurance provides policies like Family Medicare Policy, Individual Mediclaim Policy, and United India Super Top-up. These plans offer a comprehensive spectrum of coverage.

Strengths and weaknesses

While the company boasts a vast network and a range of policies, some customers cite delays in the claims settlement process. However, its long-standing presence in the market signifies stability and reliability.

Next on our list is SBI Health Insurance, a company with a significant footprint due to its affiliation with State Bank of India.

SBI Health Insurance

Affiliation with SBI

SBI Health Insurance is a joint venture between State Bank of India and Insurance Australia Group (IAG). This collaboration has fortified its position in the insurance sector.

Signature policies

The company offers policies like Arogya Sanjeevani, Arogya Premier, and Arogya Plus. These plans provide extensive coverage, including pre-existing conditions after a waiting period.

Consumer satisfaction

Customers often appreciate SBI Health Insurance for its prompt customer service and transparent communication. The company’s association with SBI lends it credibility and trust.

Our exploration concludes with Future Generali India Insurance, a company that embraces innovation and customer-centric policies.

Future Generali India Insurance

Company snapshot

Future Generali, a joint venture between Future Group, Generali Group, and Industrial Investment Trust Ltd., has been a dynamic player since its establishment in 2007.

Standout health insurance plans

Future Generali offers plans like Future Health Surplus, Future Hospicash, and Future Health Total. These policies come with unique features like a health wallet and coverage for alternative treatments.

Customer-centric approach

The company’s focus on customer satisfaction is evident in its innovative policies and personalized approach. Future Generali continues to evolve to meet the changing needs of policyholders.


Choosing the right health insurance company in India is akin to navigating a maze. Each company brings its unique strengths to the table. Whether it’s the comprehensive coverage of Apollo Munich, the customer-centric approach of Max Bupa, or the legacy of United India Insurance, the top 12 companies cater to diverse needs. As you embark on your health insurance journey, consider your priorities, assess the features that matter to you, and make an informed decision.

Frequently Asked Questions (FAQs)

  1. What factors should I consider when choosing a health insurance policy?
    • Coverage options, premiums, network hospitals, and claim settlement ratio are crucial factors to evaluate.
  2. How do I assess the financial stability of an insurance company?
    • Look at the company’s financial ratings and stability indicators provided by independent agencies.
  3. What are the advantages of policies with automatic recharge of the sum insured?
    • Policies with automatic recharge ensure that your sum insured is replenished in case it gets exhausted during the policy term.
  4. Are there health insurance policies covering alternative treatments?
    • Yes, some policies offer coverage for alternative treatments, enhancing the overall scope of your health coverage.
  5. What role does a network of hospitals play in health insurance?
    • A robust network ensures you can avail cashless treatment at various medical facilities, offering convenience during emergencies.
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