Best health insurance policy providers in India 2023: - A little mishap or unexpected sickness might help you realize the value of medical insurance. But are you willing to wait for it? Alternatively, financial security can protect your health. It is critical to be financially prepared to deal with the costs of unexpected hospitalization or surgery. Having a plan is not enough; you must also sign an agreement with the best insurer.
Only the top health insurance companies will provide comprehensive medical coverage, including doctor visits, hospitalization costs, operation fees, pharmaceutical costs, nursing allowance, hospital room rent, cashless treatment, maternity plan, and so on. This is an in-depth look just at the leading health insurance in India that can help you with your problems.
There are several sorts of health insurance policies on the market. The health quotation, co-payment, coverage restrictions, and illnesses covered differ for each of them. It is recommended that while selecting a medical plan, you look at the list of health insurance firms.
1. National Health Insurance
National Insurance Company has been in operation for almost a century. After four claim years, it provides a free health check-up benefit of up to 1% of the total covered. The firm has over 6000 hospital networks and a claims ratio of 114.24%. Add-on covers, cashless claims, and a variety of advantages like free health check-ups, cashless benefits, coverage for in-treatment, daycare treatments, pre-hospitalization & post-hospitalization, ambulance, and so on are included in the health plans.
2. New India Health Insurance
The Government of India owns New India Assurance Firm Limited, a worldwide general insurance company. It provides a unique feature for health insurance policies and is well-known because of its medic aim policy. The corporation operates in 28 countries and is involved in non-life activities. It has almost 1200 cashless hospitals with a 103.74% incurred claim percentage. The health plan provides coverage for up to six family members. It includes pre- and post-hospitalization coverage as well as a lifetime renewal benefit. New India Health Insurance also provides the option of renewing coverage online.
3. Niva Bupa Health Insurance (Formerly Max Bupa Health Insurance)
Max Bupa, currently known as Niva Bupa Health Insurance, is a partnership between True North, an Indian private equity business, and Bupa, a UK-based healthcare services provider. It provides comprehensive coverage for the entire family, including newborns and the elderly. Niva Bupa has around 7600 hospital networks and a claim resolution percentage of 89.46%. The firm provides possibilities for lifetime renewal. It covers charges such as pre and post-hospitalization, hospital room rent, OPD expense coverage, organ donation, childcare, and yearly health check-ups.
4. Manipal Cigna Health Insurance
Manipal Cigna (formerly Cigna TTK Health Insurance) provides a large network of cashless treatment at over 6500 facilities and an 85.72% claim clearance ratio. The organization provides tailored programs based on the many stages of life. Manipal Cigna strives to promote each customer's health, well-being, and peace of mind. It makes health care more affordable by working with providers who deliver high-quality, cost-effective care.
5. Care Health Insurance (Formerly Religare Health Insurance)
Care health insurance includes benefits such as cashless hospitalization, coverage for serious illnesses such as cancer, renal and heart problems, and so on. The health plan assists you in covering a variety of expenditures by offering advantages such as ambulance and room rent, cashless features, pre-, and post-hospitalization fees, no-claim incentives, tax benefits, monthly medical checks, and so on. Care Health insurance offers a 7400+ hospital network and a 95% claim settlement percentage.
6. ICICI Lombard Health Insurance
ICICI Lombard General Insurance rose to prominence following its partnership with ICICI Bank & Fairfax Financial Holdings Limited (Canada). The organization provides complete health insurance that includes childcare treatments, hospital bills, ambulance fees, and in-home hospitalization. Bharti AXA Health Insurance joined ICICI Lombard general insurance in 2021. Customers now have access to a larger distribution network as a result of this transaction.
7. Bajaj Allianz Health Insurance
Family discounts and lifelong dependability are available with Bajaj Allianz Health insurance. It provides a cashless claim settlement service in over 6500 hospitals. It has a claim ratio of 77.61% as well. You receive the maximum coverage at reasonable prices that are simple to purchase/renew online. Bajaj Allianz provides a variety of perks including cashless treatment, tax advantages, daily hospital cash, cumulative bonus, free health exams, ambulance expenses, daycare procedures, daily cash benefits, and so on.
8. Star Health Health Insurance
Star Health, founded in 2006, is India's first solo health insurance company. The organization provides outstanding service and creative goods to individuals, families, and businesses. It offers excellent services in personal accident & international travel insurance. Star Health specializes in banc assurance and has long-standing relationships with several institutions. The insurer has a 90% incurred claim ratio. The firm currently has around 11000 cash hospitals and 640 outlets across the country.
9. Oriental Insurance Company Limited.
It is a government-owned general insurance firm that provides health insurance packages with a variety of consumer advantages. Anyone above the age of 60 is exempt from having to submit to a medical examination. The firm operates a network of over 4300 hospitals that provide cashless treatment. It has an 85.39% incurred claim ratio. Oriental Health Insurance provides policies that cover up to seven family members and provide a lifelong renewal benefit.
10. HDFC ERGO Health Insurance (Formerly Apollo Munich Health Insurance)
Apollo Munich, now HDFC ERGO Health Insurance, is one of the most trusted brands, with 1.5 Crores of satisfied clients. The firm has an outstanding claim resolution ratio of 86.52%. The plan covers medical expenditures, hospitalization costs, ICU charges, ambulance fees, childcare treatments, Aayush benefits, and so forth. HDFC ERGO has over 13,000 hospital networks across India. In addition, the insurer provides choices for lifelong renewability & mobility in the insurance policies.
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