Top 10 Health Insurance Companies in India

Health Insurance can be termed as the insurance, which cover all the medical costs involved in the treatment of illness or disease. It’s always beneficial to have a Health Insurance Policy so as to avoid hefty treatment and medication costs.

Depending on the type of policy availed, either insured person pays the cost of treatment and get reimbursement later or the insurer makes payment on the behalf of the insured person.

Presently, there are numerous health insurance companies in India, but to select the best one is really a difficult task. To solve this problem, here is the list of top 10 Health Insurance Companies in India.

1. Religare Health Insurance

religare health insuranceReligare Health Insurance Company Limited is the leader in providing the best health insurance policies in India. Religare Enterprises Limited, Corporation Bank and Union Bank of India are the three shareholders of this company. Religare Health Insurance offers Health Insurance Policy under the brand name of “Care”.

Religare Health Insurance Company was started in the year 2012 and within a short period of time it has earned trust of people by offering policies packed with great features. It offers facility of treatment at more than 4000 hospitals in the country. Apart from Health Insurance policy, Travel Insurance, Accident Insurance and Critical Illness Plan is also offered by the company.

2. ICICI Lombard

icici lombardICICI Bank and Fairfax Financial Holdings Limited came together in the year 2001 to form a new company, what we know today as ICICI Lombard.

ICICI Lombard offers Health Insurance Policy under the name of “iHealth Plan”. ICICI Lombard has received the award of “The Most Recommended Company” in the year 2013 for providing quality Health Insurance in the country. ICICI Lombard offers cashless treatment at more than 3000 hospitals across the country.

3. Apollo Munich

apollo munich A joint venture between Apollo Hospitals Group and Munich Health gave rise to Apollo Munich in the year 2007.

Since its inception, Apollo Munich has continuously provided the best of features and benefits in their policies and in the year 2014, Apollo Munich received the award of “Health Insurance Company of the Year”.

“Optima Restore” is the newly launched Health Insurance Policy by Apollo Munich. Under this policy, the company offers cashless treatment in more than 4000 hospitals across the country. Some other health policies of Apollo Munich are Optima Cash, Easy Health, Optima Super and Energy.

4. Max Bupa

max bupa

Headquartered in New Delhi, Max Bupa offers Health Insurance Plans under the name of “Heartbeat”. Winner of “IT Leadership Award”, Max Bupa offers excellent health services through its health plans and offers treatment in more than 3500 hospitals in the country.

Max India Limited and Bupa, a UK based Healthcare Group came together to form a health insurance company, what we know today as Max Bupa Health Insurance Company Limited. Some of the features offered by Max Bupa in its Health Insurance Plans include Direct Claim Settlement, Cashless Facility and Pre & Post Hospitalization Medical Expenses.

5. Bajaj Allianz

bajaj allianz life insuranceNext on this list is Bajaj Allianz, an insurance company, which was established in the year 2001, when Bajaj Finserv Limited and Allianz SE came together. Headquartered in Pune, Bajaj Allianz is a fast growing insurance company that offers Health Insurance, Home Insurance, Travel Insurance and Motor Insurance.

Bajaj Allianz offers Health Plans for Individuals and Family, which are packed with features like Cashless Treatment, Ambulance Charges, Pre and Post Hospitalization Charges and Medical Check Up.

6. HDFC Ergo

hdfc ergoHDFC ERGO occupies the sixth position in the list of top 10 best health insurance companies in India. Multiple Award Winner, HDFC ERGO was founded in the year 2002 when HDFC Ltd and ERGO International AG came together.

Some of the health insurance plans offered by HDFC ERGO include Health Suraksha, Health Suraksha Top Up, Critical Illness and Health Suraksha Gold.

7. SBI Life Insurance


SBI Life Insurance offers Health Plans under the name of “Smart Health Insurance”, which is packed with features like Lump Sum Payout, Pre Hospitalization Charges and Post Hospitalization Charges.

SBI Life Insurance Company is an Insurance Company, which came into existence in the year 2001, when State Bank of India (SBI) and BNP Paribas came together. SBI is a leader in Banking Sector, same is the case with SBI Life Insurance, which has made a remarkable position in the insurance sector.

8. Reliance General Insurance

relianceReliance General Insurance is next on this list, which is a leading Insurance Company in India, known for offering features packed Plans and Policies. HealthGain, HealthWise and Wellness are the Health Insurance Plans offered by this company.

9.  Star Health and Allied Insurance

star health insurance

Star Health and Allied Insurance offers Health Insurance Plans under the name of “Star Shri Individual Care” and “Star Shri Family Care”.

10. National Insurance Company

national insuranceNational Insurance Company (NIC) came into existence in the year 1906 and provides a complete insurance solution in the form of Health Insurance, Car Insurance, Accidental Insurance, Home Insurance, etc. Mediclaim Policy and Parivaar Mediclaim are the Health Insurance Plans offered by this company.

One Response

  1. Prabhuprasad August 5, 2016 Reply

Add a Comment

Your email address will not be published. Required fields are marked *

9 − 9 =