Compare and Choose from the Top Health Insurance Companies in India
- List of Best Health Insurance Companies in India (Updated 2024)
- Role of CSR in Choosing a Health Insurance Company
- Comapre Claim Settelment Ratio, No of Add-ons & Solvency Ratio
- Factors Shaping the Right Health Insurance Company Choice
How to Choose the Best Health Insurance Company?
Selecting the right health insurance company is like finding a reliable partner for your well-being journey. Listed below are the key factors that you should keep in mind while choosing your health insurance partner:
- Claim Settlement Ratio: The Claim Settlement Ratio (CSR) is a key indicator of how reliable a health insurance company is in honoring claims. This ratio represents the percentage of claims settled by an insurance company against the total claims filed. A higher CSR signifies that an insurance provider handles claims efficiently.
- Solvency Ratio: When considering health insurance companies, the solvency ratio plays a significant role. This ratio indicates the company's ability to meet its financial obligations. Therefore, it's always good to opt for a company with a healthy solvency ratio.
- Gross Direct Premium: The Gross Direct Premium is the total premium collected by the insurance company before deducting reinsurance and commission. While it's crucial to consider the cost, it's equally important to weigh it against the coverage offered. So, we suggest you look for a balance i.e. a company offering comprehensive coverage at a reasonable premium as it will ensure that you get the best value for your money.
- Number of Products & Add-ons: A wide range of insurance products and add-ons allows you to tailor your coverage as per your specific needs and requirements. Therefore, one must always choose a company that offers a variety of plans and additional riders as it ensures you can customise your health insurance policy to match your unique health requirements and financial situation.
- Customer Support: Effective customer support acts as a lifeline when you have questions or need assistance. You must always go for a health insurance company that is known for its responsive and helpful customer support. This will make your experience smoother and more reassuring.
- Network Hospitals: As you know a strong network of hospitals is crucial for easy access to quality healthcare services, therefore it's imperative to check if the health insurance company has a wide network of hospitals. A larger network will mean you have more choices for medical facilities.
- Claim Settlement Process: Understanding the claim settlement process is also important. A transparent and streamlined process ensures that in the event of a claim, you won't be caught in complexities. One must always look for a health insurance company with a straightforward claim settlement process as it will make your entire experience either hassle-free or disturbed.
- Customer Reviews and Ratings: Last but not least, make sure you go through customer reviews and ratings to gain insights from real experiences. The opinions of others can provide valuable perspectives on a health insurance company's service, responsiveness, and overall customer satisfaction.
Best Health Insurance Companies in India (Updated 2024)
Here's a list of the Top 10 Health Insurance Companies in India with the highest Claim settlement ratio & maximum no of products and add-ons.
Check the details below properly to decide on which health insurance company details you’d like to know more about to purchase your policy:
Health Insurance Company |
Claim Settlement Ratio FY22 (in %) |
Number of Products and Add-Ons |
HDFC ERGO General Insurance |
100.00 |
6 |
Reliance General Insurance |
100.00 |
4 |
ICICI Lombard General Insurance |
99.70 |
7 |
Go Digit General Insurance |
96.00 |
6 |
Aditya Birla Health Insurance |
96.00 |
6 |
Care Health Insurance |
95.22 |
7 |
Niva Bupa Health Insurance |
90.70 |
8 |
Star Health & Allied Insurance |
89.90 |
14 |
Manipal Cigna Health Insurance |
88.00 |
2 |
SBI General Insurance |
66.08 |
5 |
The data has been taken from the official IRDAI website.
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What are Products & Add-ons?
No. of Products here refers to the health insurance products that act as financial instruments and provide coverage for medical expenses. Moreover, these products offer financial protection in case of any health emergency like illness, injury, or other covered health-related issues.
On the other hand, Product add-ons are supplementary features that medical insurance policyholders can include in their health insurance policy to avail of additional benefits.
Top 5 Health Insurance Companies with the highest no of products & Add-ons
The tabular data below highlights the No. Of Products & Add-ons of different health insurance providers in India:
S.No. |
Health Insurance Company |
Number of Products and Add-Ons |
1. |
Bajaj Allianz General Insurance Co. Ltd. |
19 |
2. |
Star Health and Allied Insurance Co. Ltd. |
14 |
3. |
Future Generali India Insurance Co. Ltd. |
11 |
4. |
Niva Bupa Health Insurance Co. Ltd. |
8 |
5. |
Royal Sundaram General Insurance Co. Ltd. |
8 |
The data for No. of Products & Add-ons has been taken from the official IRDAI website.
Understanding Claim Settlement Ratio in Detail
The Claim Settlement Ratio is a crucial metric used to analyse the performance of an insurance company. This ratio represents the percentage of claims settled by an insurer against the total number of claims received within a specific period, usually a financial year. Notably, the Claim Settlement Ratio goes beyond being a mere statistic. It's a reflection of an insurance company's commitment to its policyholders.
Best Health Insurance Companies with Highest Claim Settlement Ratio
The tabular data below highlights the CSR of different health insurance providers in India for FY 2022:
S.No. | Company | Claim Settlement Ratio FY22 (in %) |
1. | HDFC ERGO General Insurance | 100 |
2. | Reliance General Insurance | 100 |
3. | ICICI Lombard General Insurance | 99.7 |
4. | Liberty General Insurance | 97 |
5. | Kotak Mahindra General Insurance | 97 |
6. | Aditya Birla Health Insurance | 96% |
7. | Care Health Insurance | 95.22% |
8. | Cholamandalam MS General Insurance | 94 |
9. | Future Generali India Insurance | 94 |
10. | Zuno General Insurance | 94 |
11. | Go Digit General Insurance | 93 |
12. | The New India Assurance | 92.68% |
13. | Bajaj Allianz General Insurance | 92.24 |
14. | Royal Sundaram General Insurance | 92 |
15. | Niva Bupa Health Insurance | 90.70% |
16. | Magma HDI General Insurance | 90 |
17. | Star Health and Allied Insurance | 89.90% |
18. |
ManipalCigna Health Insurance Co. Ltd. | 88.00% |
19. | SBI General Insurance | 66.08 |
The data for Claim Settlement Ratio has been taken from the official IRDAI website.
Best Health Insurance Plans In India
- Reassure 2.0 Platinum+Cover ₹ 5 LStarting at ₹ 832/month*No room rent limit 100% no claim bonusUnlimited restoration benefits3 years PED waiting periodView All Features
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Understanding Solvency Ratio in Detail
In the insurance sector, the solvency ratio plays a significant role in understanding the financial health and resilience of an insurance company. Essentially, this ratio reflects how much capital the insurance company possesses in comparison to the risks it has undertaken. In other words, this calculation involves subtracting Liabilities from Total Assets, which provides insights into the insurer's capacity to meet its financial obligations.
A higher solvency ratio is indicative of a strong financial position for an insurance company. This stability is vital for an insurer's ability to meet its obligations, including timely and complete claims payment. For policyholders, this ratio translates to a higher level of confidence in the insurance provider's ability to meet financial responsibilities.
The solvency ratio holds significant importance in the insurance sector, playing a crucial role in safeguarding policyholders' interests and ensuring insurance companies' financial stability.
Here's why the solvency ratio is important
- Policyholder Protection: The primary purpose of the solvency ratio in the insurance industry is to protect policyholders. It ensures that insurance companies have sufficient financial resources to meet their long-term commitments, especially when policyholders file claims.
- Timely Claim Settlements: A high solvency ratio indicates that an insurance company has substantial assets relative to its liabilities. This financial strength allows the health insurance company to settle claims promptly and efficiently, providing timely support to policyholders during tough times.
- Financial Stability: The solvency ratio serves as an indicator of an insurance company's financial stability. A healthy ratio reflects the company's ability to withstand unforeseen financial shocks and market fluctuations. This moreover instils confidence among policyholders.
- Credibility and Trust: A high solvency ratio enhances an insurance company's credibility and trustworthiness. Policyholders are more likely to choose insurers with a strong financial foundation, knowing that their claims will be settled without any delays or complications.
Best Health Insurance Companies with highest Solvency Ratio
Let’s look at the Solvency Position of different health insurance companies for FY 22 & 23:
S. No |
Health Insurance Company |
June 2022 |
September 2022 |
December 2022 |
March 2023 |
1. |
Bajaj Allianz General Insurance Co. Ltd. |
3.49 |
3.62 |
3.73 |
3.91 |
2. |
Cholamandalam MS General Insurance Co. Ltd. |
2.08 |
2.13 |
2.06 |
2.01 |
3. |
Future Generali India Insurance Co. Ltd. |
1.67 |
1.75 |
1.93 |
2.1 |
4. |
Go Digit General Insurance Co. Ltd. |
2.18 |
2.00 |
1.9 |
1.78 |
5. |
HDFC ERGO General Insurance Co. Ltd. |
1.68 |
1.78 |
1.74 |
1.81 |
6. |
ICICI Lombard General Insurance Co. Ltd. |
2.61 |
2.47 |
2.45 |
2.51 |
7. |
Kotak Mahindra General Insurance Co. Ltd. |
2.55 |
2.14 |
2.3 |
1.83 |
8. |
Liberty General Insurance Co. Ltd. |
2.69 |
2.44 |
2.2 |
2.05 |
9. |
Magma HDI General Insurance Co. Ltd. |
2.77 |
2.19 |
1.7 |
2.1 |
10. |
Reliance General Insurance Co. Ltd. |
1.60 |
1.58 |
1.59 |
1.57 |
11. |
SBI General Insurance Co. Ltd. |
1.94 |
1.91 |
1.85 |
1.72 |
12. |
Zuno General Insurance Co. Ltd |
1.71 |
1.65 |
1.73 |
1.8 |
13. |
The New India Assurance Co. Ltd. |
1.72 |
1.77 |
1.91 |
1.87 |
14. |
Aditya Birla Health Insurance Co. Ltd. |
2.16 |
1.67 |
3.03 |
2.63 |
15. |
Care Health Insurance Co. Ltd. |
1.64 |
1.97 |
1.9 |
1.82 |
16. |
ManipalCigna Health Insurance Co. Ltd. |
1.59 |
1.56 |
1.55 |
1.56 |
17. |
Niva Bupa Health InsuranceCo. Ltd. |
1.89 |
1.77 |
1.81 |
1.67 |
18. |
Star Health and Allied Insurance Co. Ltd. |
1.87 |
1.95 |
2.17 |
2.14 |
19. |
Royal Sundaram General Insurance Co. Ltd. |
2.16 |
2.09 |
2.14 |
2.27 |
The data for Solvency Ratio has been taken from the official IRDAI website.
What is Gross Direct Premium?
In the insurance industry, the gross direct premium is the total amount of premiums received by the insurer before any commissions, reinsurance payments, or other associated costs are subtracted. It shows the total amount of money the insurance company received from policyholders for coverage during a given time frame.
The Gross Direct Premium includes premiums collected for all types of insurance policies offered by the company, such as life insurance, health insurance, property insurance, and liability insurance. Understanding the Gross Direct Premium is essential for assessing an insurance company's financial health and its ability to underwrite policies effectively. It provides insights into the company's revenue base and its capacity to meet claim obligations.
List of all Health Insurance Companies in India - An Overview
The overview of the best health insurance companies in India is tabulated below:
S.No. |
Health Insurance Company |
Number of Products and Add-Ons |
Number of Employees |
Founded In |
Cashless Network Hospitals |
1. |
HDFC ERGO General Insurance Co. Ltd. |
6 |
9700+ |
2002 |
12000+ |
2. |
ICICI Lombard General Insurance Co. Ltd. |
7 |
12000+ |
2001 |
7500+ |
3. |
Reliance General Insurance Co. Ltd. |
4 |
3800+ |
2000 |
8600+ |
4. |
Go Digit General Insurance Co. Ltd. |
6 |
1000+ |
2016 |
11300+ |
5. |
Cholamandalam MS General Insurance Co. Ltd. |
5 |
5000+ |
2001 |
11000+ |
6. |
SBI General Insurance Co. Ltd. |
5 |
7000+ |
2009 |
6000+ |
7. |
Royal Sundaram General Insurance Co. Ltd. |
8 |
1800+ |
2000 |
10000+ |
8. |
Future Generali India Insurance Co. Ltd. |
11 |
1000+ |
2006 |
8400+ |
9. |
Liberty General Insurance Co. Ltd. |
3 |
1200+ |
2013 |
6000+ |
10. |
Zuno General Insurance Co. Ltd |
7 |
200+ |
2017 |
5000+ |
11. |
Magma HDI General Insurance Co. Ltd. |
5 |
1000+ |
2009 |
7800+ |
12. |
Bajaj Allianz General Insurance Co. Ltd. |
19 |
1000+ |
2001 |
7000+ |
13. |
Kotak Mahindra General Insurance Co. Ltd. |
3 |
700+ |
2015 |
7200+ |
14. |
Niva Bupa Health Insurance Co. Ltd. |
8 |
1000+ |
2008 |
8700+ |
15. |
Care Health Insurance Co. Ltd. |
7 |
8500+ |
2012 |
21100+ |
16. |
Star Health and Allied Insurance Co. Ltd. |
14 |
640+ |
2006 |
14000+ |
17. |
Aditya Birla Health Insurance Co. Ltd. |
6 |
1200+ |
2015 |
10500+ |
18. |
ManipalCigna Health Insurance Co. Ltd. |
2 |
1100+ |
2014 |
8700+ |
19. |
The New India Assurance Co. Ltd. |
5 |
16000+ |
1919 |
7500+ |
The data has been taken from the official IRDAI website.
Health Insurance Providers in India: Key Products Overview
Imagine having a healthcare partner who not only understands your needs but also stands by you during any health uncertainty. If you want a similar health partner then there's no better choice than the health insurance companies included in the list below.
Whether it's the ease of claim settlement, a wide network of hospitals, or a broad range of offerings, these insurers are setting the standard for what the best health insurance company should be.
1. HDFC ERGO General Insurance Co. Ltd.
HDFC ERGO General Insurance Co. Ltd. is a result of a collaboration between HDFC, India's premier Housing Finance Institution, and ERGO International AG, a key insurance entity of the Munich Re Group. As a subsidiary of HDFC Bank - one of India's leading private sector banks, HDFC ERGO General Insurance Co. Ltd. offers a comprehensive range of general insurance products. From motor, health, travel, home, and personal accident coverage for individuals to property, marine, and liability insurance for businesses, the company has got it all covered.
Key Products:
- General Insurance
- Health Insurance
- Vehicle Insurance
- Travel Insurance
- Home Insurance
- Accidental Insurance
- Commercial Insurance
- Rural Insurance
2. ICICI Lombard General Insurance Co. Ltd.
With a rich history spanning over 21 years, ICICI Lombard General Insurance Co. Ltd. is dedicated to prioritising its customers through their brand ethos of 'Nibhaaye Vaade.' The company's commitment is reflected in its extensive range of insurance products, covering motor, health, crop, fire, personal accident, marine, engineering, and liability.
Having issued over 32.7 million policies and successfully settling 3.6 million claims, the insurer's track record speaks volumes. With a widespread presence through 300+ branches and a team of 12000+ dedicated employees, ICICI Lombard General Insurance Co. Ltd. provides comprehensive and diversified insurance solutions. Their general insurance offerings extend to cover various aspects, including business, personal, and project liabilities, catering to both rural and urban areas across India.
Key Products:
- General Insurance
- Health Insurance
- Vehicle Insurance
- Travel Insurance
- Home Insurance
- Crop Insurance
- Business Insurance
3. Reliance General Insurance Co. Ltd.
With a goal of making affordable insurance accessible to all, Reliance General Insurance Co. Ltd. has 127 offices and more than 90,000+ intermediaries across India. They also have 3 crore plus policyholders across India and have 100+ insurance products. With a focus on protecting policyholders’ interests, Reliance General Insurance Co. Ltd. has a 98.6% claim settlement ratio.
If you are looking for an insurance partner who has a track record of claim settlement (1.26 Cr+ claim settled), who also has a smooth process of paperless and cashless claims, then Reliance General Insurance Co. Ltd. should definitely be in your priority set.
Key Products:
- Health Insurance
- Vehicle Insurance
- Travel Insurance
- Home Insurance
- Crop Insurance
- Marine Insurance
4. Go Digit General Insurance Co. Ltd.
Loved by 3 crore plus customers, Go Digit General Insurance Co. Ltd. is on a mission to simplify insurance products so that even a 15-year-old can understand them. With a claim settlement ratio of above 80%, Go Digit General Insurance Co. Ltd. is reimagining products and redesigning processes.
Key Products:
- Car Insurance
- Bike Insurance
- Health Insurance
- Travel Insurance
- Property Insurance
- Shop Insurance
- Commercial Vehicle Insurance
5. Cholamandalam MS General Insurance Co. Ltd.
Cholamandalam MS General Insurance Co. Ltd. is a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan. With 11000+ cashless network hospitals, over 297 lacs customers, Cholamandalam MS General Insurance Co. Ltd. has over 29 lacs+ claims settled. The company has about 93.23% claim settlement ratio.
Key Products:
- General Insurance
- Car Insurance
- Two Wheeler Insurance
- Commercial Vehicle Insurance
- Health Insurance
- Property Insurance
- Travel Insurance
- Accident Insurance
- Marine Insurance
- Crop Insurance
6. SBI General Insurance Co. Ltd.
One of the fastest-growing general insurance companies in India, SBI General Insurance Co. Ltd. was established in 2009. Having served 55.55 crore customers, SBI General Insurance Co. Ltd. has a 95% plus claim settlement ratio. The company’s vision is to become the most trusted general insurer for a transforming India.
Key Products:
- Health Insurance
- Vehicle Insurance
- Accident Insurance
- Travel Insurance
- Home Insurance
- Aviation Insurance
- Fire insurance
- Liability Insurance
- Crop Insurance
7. Royal Sundaram General Insurance Co. Ltd.
With over 2 crore customers in India, Royal Sundaram General Insurance Co. Ltd. is a subsidiary of Sundaram Finance Group. The claim settlement ratio of the company stands at over 90%.
Key Products:
- General Insurance
- Vehicle Insurance
- Health Insurance
- Home Insurance
- Travel Insurance
- Accident Insurance
- Marine Insurance
8. Future Generali India Insurance Co. Ltd.
Future Generali India Insurance Co. Ltd. has a claim settlement ratio of 96.01% and has settled over 2.6 lacs claims last year. With 8000+ cashless hospitals, the company’s vision is to protect and enhance people’s lives actively. Future Generali India Insurance Co. Ltd. is a joint venture between the Generali Group and the Future Group. Established in 2006, the company's goal is to offer insurance solutions for retail, commercial, personal, and rural needs to both individuals and corporations, aiding them in effectively managing and minimising risks.
Key Products:
- Health Insurance
- Motor Insurance
- Travel Insurance
- Home Insurance
- Lifestyle Insurance
- Commercial Insurance
- Social/Rural Insurance
9. Liberty General Insurance Co. Ltd.
With a claim settlement ratio of 94%, Liberty General Insurance Co. Ltd. is a joint venture between Liberty Citystate holdings PTE Ltd. and Enam Securities. The total number of partner hospitals of the company stands at 6000 pan-India. Liberty General Insurance Co. Ltd. aims to provide comprehensive retail, commercial, and industrial insurance solutions in the country. Their vision is to go beyond what other health insurance companies or car insurance companies in India might offer; to become an attentive and empathetic insurer of choice for the citizens of the country.
Key Products:
- Motor Insurance
- Health Insurance
- Travel Insurance
- Property Insurance
- Commercial & Industrial Insurance
10. Zuno General Insurance Co. Ltd.
Formerly known as Edelweiss General Insurance, Zuno General Insurance Co. Ltd. was born from the conviction that any kind of insurance should be easy, friendly, and transparent.
Key Products:
- Motor Insurance
- Health Insurance
- Commercial Insurance
11. Magma HDI General Insurance Co. Ltd.
By maintaining a claim settlement ratio of 90% and above, Magma HDI General Insurance Co. Ltd. is a company jointly held by Adar Poonawalla and Rising Sun Holdings Pvt Ltd. The company caters to all your General Insurance needs with over 70 products across various categories.
Key Products:
- Health Insurance
- Motor Insurance
- Marine Insurance
- Fire Insurance
- Engineering Insurance
- Liability Insurance
- Shopkeeper's Package
- Burglary Insurance
- Householder's Package
12. Bajaj Allianz General Insurance Co. Ltd.
Bajaj Allianz General Insurance Co. Ltd. has a claim settlement ratio of 98%. The company is a joint venture between Allianz SE, and Bajaj Finserv Limited. Bajaj Allianz General Insurance Co. Ltd. has a strong focus on customer centricity and aims at delivering an excellent experience to its customers with care and superior value.
Key Products:
- Motor Insurance
- Health Insurance
- Life Insurance
- Travel Insurance
13. Kotak Mahindra General Insurance Co. Ltd.
Claiming to have a jet speed in addressing claims, Kotak Mahindra General Insurance Co. Ltd. has a claim settlement ratio of 98%. The company is a 100% subsidiary of Kotak Mahindra Bank Ltd. and aims to cater to a wide range of customers across the Indian region offering a variety of non-life insurance products like Motor, Health, Home, and Commercial.
Key Products:
- General Insurance
- Vehicle Insurance
- Health Insurance
- Home Insurance
14. Niva Bupa Health Insurance Co. Ltd.
Formerly known as Max Bupa Health Insurance Co. Ltd., Niva Bupa Health Insurance Co. Ltd. enjoys the trust and support of over 1 crore customers across India. The company has a 91.6% claim settlement ratio and is a joint venture between Fettle Tone LLP and Bupa.
Their mission involves empowering every Indian by imparting knowledge, offering expert guidance, and providing a comprehensive range of services in healthcare. This approach instills confidence and returns control to individuals, aligning with their desire for each moment of life to unfold just the way they want.
Key Products:
- Health Insurance
- Travel Insurance
15. Care Health Insurance Co. Ltd.
Care Health Insurance Co. Ltd. has secured 3 crore plus lives keeping its vision of being the most preferred health service provider, which is caring, cost-effective, innovative, and reachable on top. With a claim settlement ratio of 95.2%, the company has settled 38 lacs plus claims.
Key Products:
- Health Insurance
- Travel Insurance
- Accident Insurance
- Corporate Insurance
16. Star Health and Allied Insurance Co. Ltd.
Having 14000+ network hospitals across India, and 4.68 user rating based on 9050 user reviews, Star Health and Allied Insurance Co. Ltd. is one of the most trusted companies in India. With a 99.06% claim settlement ratio, the company claims to settle 90% of cashless claims within 2 hours of it being raised. Star Health and Allied Insurance Co. Ltd. operates with a simple and clear vision - To be the Most admired health Insurance company in India.
Key Products:
- Health Insurance
- Travel Insurance
- Accidental Insurance
17. Aditya Birla Health Insurance Co. Ltd.
With 96% claim settlement ratio, Aditya Birla Health Insurance Co. Ltd. is a part of Aditya Birla Capital Ltd. (ABCL), and a joint venture between Aditya Birla Group and MMI Holdings of South Africa.
Key Products:
- Life Insurance
- Motor Insurance
- Travel Insurance
- Health Insurance
- Corp General Insurance
18. ManipalCigna Health Insurance Co. Ltd.
ManipalCigna Health Insurance Co. Ltd. is a joint venture between Manipal Group and Cigna Corporation. With 94% of cashless approvals settled within 2 hours, the company has served over 14 lacs claims. The claim settlement ratio of ManipalCigna Health Insurance Co. Ltd. is 99.9%
Key Products:
- Health Insurance
19. The New India Assurance Co. Ltd.
With over 2 crore policies issued, The New India Assurance Co. Ltd. has settled over 99.4 lac claims. The company has so far served 3.75 crore happy customers. The New India Assurance Co. Ltd. is on a mission to provide Financial Security to Individuals, Trade, Commerce & all other segments of Society by offering Insurance products & Services of High Quality at affordable Cost.
Key Products:
- General insurance
- Vehicle insurance
- Health insurance
- Marine insurance
- Property insurance
- Crop insurance
- Aviation insurance
Role of IRDA in Regulating the Insurance Industry
The term "IRDA" or “IRDAI” stands for the Insurance Regulatory and Development Authority of India which serves as the regulatory body overseeing the insurance industry in the nation. The primary role of IRDA is to safeguard the interests of policyholders and regulate the operations of both Life Insurance and General Insurance companies in the country.
The key functions of IRDA include:
- Protecting policyholders
- Fostering the orderly growth of the insurance sector for the common man's benefit
- Contributing to the nation's economic development through long-term funds
- Establishing and enforcing high standards of integrity, fair dealing, financial soundness, and competence among insurance providers
In addition to all this, IRDA aims to expedite genuine claim settlements, prevent malpractices and fraud through grievance redress mechanisms, and promote transparency and fairness in financial markets.
In essence, the IRDA, as the apex body of the insurance industry, takes measures to formulate rules and regulations that are clear and unbiased, ensuring that no particular insurance company faces ambiguity in its implementation.
Top Companies
- Niva Bupa Health Insurance
- Care Health Insurance
- Magma HDI Health Insurance
- National Health Insurance
- United India Health Insurance
- New India Assurance Health Insurance
- Liberty Health Insurance
- Kotak Mahindra Health Insurance
- IFFCO Tokio Health Insurance
- Cholamandalam Health Insurance
- Oriental Health Insurance
- Future Generali Health Insurance
- Digit Health Insurance
- SBI Health Insurance
- Bharti AXA (now ICICI Lombard) Health Insurance
- Reliance Health Insurance
- Tata AIG Health Insurance
- Navi Health Insurance
- Bajaj Allianz Health Insurance
- ICICI Lombard Health Insurance
- Aditya Birla Health Insurance
- Raheja QBE Health Insurance
- Universal Sompo Health Insurance
- Royal Sundaram Health Insurance
- Zuno Health Insurance
- HDFC ERGO Health Insurance
- ManipalCigna Health Insurance
- Star Health Insurance
- Acko Health Insurance
Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
FAQs
-
Which is the No. 1 Health Insurance company in India?
Based on the current claim settlement ratio as per IRDAI, HDFC ERGO and Reliance Health Insurance are ranked as the number 1 health insurance companies in India with CSR of 100% each.
-
What are the Top 3 factors to consider while choosing a health insurance company?
The top 3 factors to consider while choosing a health insurance company are to look at the company’s Claim Settlement Ratio (CSR), Solvency Ratio, and Waiting Period (overall and for pre-existing diseases).
-
How do I choose the best health insurance company for my needs?
To choose the best health insurance company based on your needs, you must look at the following factors: Claim Settlement Ratio (CSR), Solvency Ratio, Waiting Period (overall and for pre-existing diseases), Lives Covered so far, Riders and add-ons offered.
-
Which is the most Trusted Insurance company in India?
With over 17 crore lives covered, Star Health & Allied Insurance Co. Ltd. is the most trusted Health Insurance company in India. Based on the claim settlement ratio (CSR), it is HDFC ERGO and Reliance Health Insurance with a CSR of 100% each.
-
Can I compare health insurance plans from different companies?
Yes, you can compare health insurance plans offered by different companies directly on InsuranceDekho’s website. You can also call +91-7551196989 to get direct assistance from an InsuranceDekho advisor on buying the best health insurance policy as per your need.