Top 10 Health Insurance Companies in 2019

Top 10 Health Insurance Companies in 2019

In this fast-paced life, sedentary lifestyle leads to many untimely diseases even among young generations. Life-threatening ailments are common affairs now and even young people are falling prey to this type of critical illness. The costs of treating various diseases have also increased by leaps and bounds in last few decades. So health insurance plans are no longer a luxury in India due to the increasing cost of treatments and hospitalization. It is truly difficult to cope with accelerating medical expenses.

Since Government of India spends very few on public healthcare, Indian citizens are forced to resort to private health facilities to avail standard treatment at an exorbitant price. Many a best health insurance company in India facilitates their customers with cashless facility in their entire network hospitals and manages their finance by taking care of their hospitalization expenses and many other expenses incurred during the course of treatments. In some cases, claim on a health insurance plan is paid on reimbursement basis, especially when insured people avail treatment in a hospital which is not included in the network of the company.

There is no dearth of quality health insurers in India. However, all health insurance providers are not equivalent in terms of claim settlement, reputation of the company, customer service and other features. Here is a list of top 10 health insurance companies in 2019 in India. You can compare these esteem health insurance providers in all aspects and make the deal as per your choice.

1. Star Health & Allied Insurance Company Limited

Star Health & Allied health insurance provider is the first in the list of standalone health insurance companies in India. Since its inception, Star Health has carved a niche for itself in the domain of health insurance in India. Star Health Insurance online plans safeguard one financially in time of medical emergency. Some of the beneficial of features of Star Health Insurance Company as follows,

  • The network of this company is enormous as it has more than 7,000 network hospitals across India.
  • The company boasts an in-house claim settlement team. The rate of cashless health insurance claims approved by this insurer is as high as 90%.
  • The Company also won the award for Health Insurance Company of the Year 2015.
  • Star Health Insurance plans are highly sought-after in India for exclusive benefits, affordable prices and the customer-centric approach.

2. Max Bupa Health Insurance Company

Max Bupa Health Insurance Company is a top notch insurer of a range of health insurance products. The company is a joint venture between Bupa Finance PLC and Max India Ltd. The company has brought together vast and varied knowledge in the field of insurance industry.

Following are the beneficial features of Max Bupa Health Insurance Company,

  • Max Bupa offers exclusive benefits in their mediclaim policy package such as coverage for room rent without sub-limits and lifelong renewal option.
  • The company is highly sought after health insurance provider in India and the reputed insurer has also won quite a few awards.
  • This renowned insurer offers a wide array of insurance products to individuals of all age and income groups.
  • The Heartbeat policy is the most highly praised health policy on offer at Max Bupa.

3. Apollo Munich Health Insurance Company

India’s renowned medical insurer Apollo Munich Health Insurance Company came into existence after the merger between The Apollo Hospitals Group and Munich Health. Among all health insurance companies in India, Apollo Munich health insurance is the best health insurance in India. This medical insurance company offers health policies with comprehensive coverage. Following are the important features of this health insurer,

  • One of the reasons why Apollo Munich health insurance is the best medical insurance in India is its wide range of offerings to cater to the needs of people from all walks of life
  • When it comes to cashless treatment facility, this health provider carries out a custom-made service by approving most of the cashless claims within a few hours.
  • No wonder, the company boasts more than 80% renewal rate as it keeps its policyholders satisfied.
  • The company settles 95% of claims on health insurance plans within 15 days.

4. Cigna TTK Health Insurance Company

The Company is a joint venture between Cigna and TTK group. Established in the year 2014, the company immediately became a part of the best health insurance companies in India, 2019. Following are the exclusive features of Cigna TTK Health Insurance Company,

  • The company offers a varied range of products to meet the health insurance needs of the individual and family.
  • This insurer offers over 4000 network garages across the country.
  • Policyholders of this insurer can avail lifelong renewal option.
  • Cigna TTK health insurance policy offers medical expenses coverage 60 days before and 90 days after hospitalization.

5. Religare Health Insurance Company

In a short time span, Religare Health Insurance Company has shown its tremendous growth. This medical insurer has set its benchmark in the India’s insurance market. This standalone health insurance provider consists of three entities such as, Religare Enterprises Limited, Corporation Bank and Union Bank of India. Health insurance policies from Religare Insurance offer following benefits,

  • When it comes to comprehensive network of hospitals all over India, Religare is not far behind the big shots in health insurance market.
  • The company offers cashless treatment facility in over 4100 hospitals across India.
  • Another USP of this health insurance provider is they settle claims directly. This helps the company maintain customer satisfaction and retain its customers as well.
  • Being one of the top health insurance providers, its package of health policies come with riders to provide additional coverage.

6. ICICI Lombard Insurance Company

ICICI Lombard Insurance Company is also a renowned name in India’s health insurance market. This insurer offers full coverage of expenses incurred during any medical emergency. Some of the beneficial features of ICICI Lombard Health Insurance policies as follows

  • This provider’s range of network hospital is massive as it facilitates cashless treatment benefits in more than 3200 hospitals in India.
  • The speed at which the company resolves claims is also impressive.
  • This insurer approves reimbursement claims in just 14 days.
  • ICICI Lombard is popular for its package of comprehensive health insurance policies that offer protection even in overseas countries.

7. New India Assurance Insurance Company

Among all the general insurance products that New India Assurance offers, New India health insurance plans are highly sought-after. New India Assurance mediclaim plans are so popular because of their beneficial features

  • New India Assurance online health plans provide cashless treatment facility in all the hospitals in the network.
  • At present, New India Assurance boasts more than 1200 hospitals in its network across India.
  • New India Assurance mediclaim insurance policies also provide lifetime renewal option.
  • Another benefit of buying health insurance from New India Assurance is free medical check-up.

8. Oriental Insurance Company Limited

Established in 1947, Oriental Insurance is fully government owned oldest general insurance company in India. This insurer provides an array of general insurance products including health insurance plans. Oriental Health Insurance plans come with a countless of beneficial features,

  • Oriental Insurance health insurance policies for families provide coverage for a maximum of 7 members of the family including 4 adults and 3 children.
  • Health insurance policies online available with Oriental Insurance come with lifelong renewal option.
  • The benefit of opting for Oriental Insurance family health insurance policy is 10% discount on offer for including the family members.
  • More than 4300 hospitals in the network of the company provide cashless treatment to the health insurance policyholders.

9. National Insurance Company

The fully government entity National Insurance Company Limited offers an ample range of general insurance products. It is one such insurer that provides the best medical insurance coverage among the best health insurance companies in India, 2019. Following are the coverage and benefits of health insurance policies provided by National Insurance Company,

  • National health insurance plans cover cost of treatment and care before and after hospitalization for 30 and 60 days respectively.
  • It offers free health check-up benefit up to 1% of chosen Sum Insured after 4 continuous years without any claim.
  • National health insurance plans for families such as Parivar Mediclaim policy covers up to a maximum 6 members of the family.
  • National Insurance Company Limited boasts over 6000 hospitals across India in its network to facilitate policyholders with cashless treatments.

10. Bajaj Allianz General Insurance

This leading general insurer provides variety of health insurance products, which will be helpful to meet your medical needs. Bajaj Allianz was the first company to offer captive TPA services along with certain benefits. Following are the major advantages of opting for Bajaj Allianz health insurance policy,

  • Bajaj Allianz offers customized health insurance plans which will be beneficial to meet the different kinds of need of customers.
  • The company provides health insurance plans for individuals, families, senior citizens and women-specific health insurance policies.
  • It also provides coverage against pre and post hospitalization expenses.
  • Policyholders can also get cashless treatment at more than 5000 network hospitals of Bajaj Allianz.

Conclusion

Whenever, you plan for purchasing any health insurance police policy, you should compare online health insurance quotes to buy the best medical insurance online. It has now become the norm in India. GIBL.IN is well aware of this upsurge trend and facilitates policy seekers with detailed information about each health insurer in India on one platform so that they can make an easy and fast comparison of all available mediclaim plans.

 

READ MORE: Top 10 Health Insurance Plans to Consider in 2019

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