Which Company Is Best in Health Insurance?

Unexpected medical emergencies can burn a hole in your pocket. However, health insurance ensures that even during this uncertain time, you have peace of mind. Many insurance companies offer numerous health plans. Therefore, it is substantially important to compare and buy from the best health insurance company in India. 

Best Health Insurance Companies in India 

Over 25 general insurance companies in India provide a wide variety of health insurance plans. As a result, the process of comparing and selecting the best health insurance company may get tedious for you. But, fret not as the below section highlights some of the most trustable health insurance providers in India. 

Reliance Health Insurance

• The company was established in August 2000, however, started its operations in October month of the same year. 
• The headquarters of the company are in Mumbai. It is solely owned and operated by Reliance Capital Group. 
• Customers can choose from a wide range of health insurance products, including individual health insurance, family floater health insurance, senior citizen health insurance, and others. 
• The policyholders of Reliance Health Insurance can claim their policies online with ease. Furthermore, you can avail of the cashless treatment facility at 9100+ cashless network hospitals.

HDFC Ergo Health Insurance

• The company was incorporated in 2002 and is headquartered in Mumbai. 
• It is a joint venture between HDFC and Ergo International AG, one of the best insurance companies of Munich Re Group in Germany. 
• HDFC Ergo is one of the most trusted health insurance companies, with a 4.4 customer rating. 
• The company provides numerous health insurance plans from which policyholders can compare and select the one that best suits their needs. 
• The company has a wide hospital network of 12000+ hospitals that you can visit for cashless treatment. 

Care Health Insurance

• Established in 2012, Care Health Insurance has become one of the best insurance companies in India. 
• The company is headquartered in Gurgaon, Haryana. 
• The policyholders of Care Health Insurance get their claim settlement within 2 hours of initiation. 
• There are over 21,100 cashless healthcare providers associated with the company. You can visit these network hospitals for cashless treatment. 

Aditya Birla Health Insurance

• The company is a subsidiary of Aditya Birla Group and is headquartered in Mumbai. 
• It was established in 2015 and started its operations in October 2016. 
• The company is associated with more than 10,000 network hospitals to provide cashless treatment to policyholders. 
• The policyholders of Aditya Birla Health Insurance can easily claim or renew their plan online in a few easy steps. 

Manipal Cigna Health Insurance

• The company is a joint venture between the Indian-based Manipal Group and Cigna Corporation from the USA. 
• The company was incorporated in 2014. It has won the trust of many customers within a short span of time. 
• Manipal Cigna Health Insurance provides a quick and easy 2 hours claim settlement service to its policyholders. 
• More than 8000 hospitals and healthcare centres are associated with the company to provide cashlessly medical services to policyholders. 

Factors to Consider While Choosing the Best Health Insurance Company

Here are some factors that you should keep in mind while choosing the best health insurance provider in India. 

• Network Hospital: During a medical emergency, the first thing that will hit you is to take your loved one to the nearest hospital for treatment. Therefore, compare the number of cashless network hospitals associated with an insurance company nearest to your location. 
• Claim Settlement Ratio: Another important factor that you should keep in mind is the claim settlement ratio. It is the number of claims settled during a particular financial year. The higher claim settlement ratio represents the higher credibility of an insurance company. 
• Riders: Riders are the additional benefits that policyholders can add to their standard health insurance plan by paying an extra premium. Check the types of riders that your insurance company is offering before purchasing a health insurance plan. 
• Customer Support: Medical emergencies can happen any time of the day. Therefore, select an insurance company that provides 24/7 customer support. This will ensure that you inform your insurance company about the hospitalization at the earliest possible time. 
• Online Presence: The Internet has made things easier and more convenient for everyone. Therefore, when choosing the best health insurance company, check if it provides online services to its customers. 

Wrap Up 

In conclusion, it may get tedious for you to know which company offers the best health insurance. Therefore, to ease your process, you can compare health insurance plans offered by the above-mentioned health insurance companies.

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