Top 10 Best Health Insurance Companies in India


Today, almost every family is opting for a health insurance which covers the health related expenditure of all the family members but with a limit as selected while making the policy. The IRDA publishes a list of the top companies providing health insurance every year.

Given below is such a list and the rankings are based on the companies’ incurred claim ratio, performance along with the overall benefits that they have provided their customers with.

Checkout the list of Top 10 Best Health Insurance Companies in India in 2017-2018

10. National Insurance Company Limited

National Insurance Company Limited Top Most Popular Health Insurance Companies in India 2017

The NICL is a health insurance company which is a government body. It has almost been a century that NICL is providing service to its customers besides providing the needed coverage for health insurance. The Incurred Claim Ratio of NICL is 110.02%.Varistha Mediclaim is the best product of health insurance that is offered by NICL through which the senior citizens can have their coverage.

9. Oriental Insurance Company Limited

Oriental Insurance Company Limited

The Oriental Insurance is a company providing general insurance to the people of India and is also owned by the government. It offers the Indians with various products of health insurance. The most attractive offering on the part of the company is that medical tests before a policy are not mandatory up to 60 years of age which is the case with the other providers of health insurance. If one is aged 45 or below, his medical examination is necessary before he goes for a health insurance.

8. New India Assurance Company Limited

New India Assurance Company Limited

The New India Assurance is fully owned by the government and has been carrying out the insurance operations since the year 1919. The company is most popular for the medical policies that it offers to the people of India. The most important feature that the insurance company offers is that every medical policy comes with various ratings, especially for the major metros. It’s Incurred Claim ratio is 98.78%.

7. Bajaj Allianz General Insurance Company Limited

Bajaj Allianz General Insurance Company Limited

The general insurance company from Bajaj Allianz provides the people with various health products which can be extremely beneficial for a definite age group. The 3 most important products of health insurance that are available are:

• Silver Health
• Health Guard
• Star Package

This insurance company has been the first one for providing the services of captive TPA along with various additional benefits. The approx Incurred Claim Ratio of the company is 73.59%.

6. Cigna TTK Health Insurance Company Private Limited

Cigna TTK Health Insurance Company Private Limited

This health insurance company was established in 2014. As soon as its foundation was laid, it secured its position amongst the top most companies in India that offered health insurance to the Indians. Being a new competitor in the insurance market of India, its Incurred Claim Ratio is 64.32%.

5. Religare Health Insurance Company Limited

Religare Health Insurance Company Limited

This company of health insurance has received a tremendous promotion from the Fortis Group of Hospitals and has also received its due appreciation on a regular basis from all its customers. In a very short span of time, the health insurance company has exhibited tremendous growth and popularity. It’s Incurred Claim Ratio is 61.13%.

4. ICICI Lombard General Insurance Company Limited

ICICI Lombard General Insurance Company Limited

The general insurance of ICICI Lombard has become quite popular among the Indians. It also offers health insurance products and services to its clients. One of the most well-known healthcare insurance products of ICICI Lombard is the Health Advantage which offers the policy holder with a total coverage for all the expenses that would arise in cases of medical emergencies. The various costs that the policy covers are:

• Dental expenses
• Hospitalization costs
• Ambulance charges
• Room rent

But all of these costs are covered till a certain limit. It’s Incurred Claim ratio is 87.38%.

3. Max Bupa Health Insurance Company Limited

Max Bupa Health Insurance Company Limited

In India, Max Bupa is known to be one of the most well-known and renowned insurance companies. It’s Incurred Claim Ratio is 55.16%. Individuals from every age group can be benefited from this insurance company as it provides plans and policies that are ideal for individual age groups. The company has been able to tailor healthcare and insurance products of perfect choices with the help of local knowledge and global expertise. The 3 most important categories for the health insurance plans are:

• Individual
• Family or Extended Family
• Fixed Benefit

Besides providing the customers with huge benefits, the insurance company also provides people with cost-effective insurance plans.

2. Star Health & Allied Insurance Company Limited

Star Health & Allied Insurance Company Limited

The insurance company from Star Health & Allied provides the people with a wide range of healthcare insurance policies along with various exciting products which offer a complete protection to the patients of HIV+ and Diabetes. The IRDA approved it in 2006 which was the year of its foundation. For years, it has been one of the most trusted names of health insurers. It’s Incurred Claim Ratio is 63.96%. The most important feature of the company is claiming an in-house procedure for settlement for being able to deal with the facility of cashless hospitalization. It also provides various health plans which come along with great facilities and benefits for individuals and families belonging to different backgrounds and strata of the society.

1. Apollo Munich Health Insurance Company Limited

Apollo Munich Health Insurance Company Limited Top Most Famous Health Insurance Companies in India 2018

In India, the operations of Apollo Munich were started in the year 2007. Securing the topmost position, health insurance from Apollo Munich has been providing an awesome and outstanding record and its Incurred Claim Ratio is 63.03%. It is the only insurance company that has brought about the additional benefits like the options of lifelong renewability and portability in the existing plans of health care insurance. It has strived to become one of the most trusted leaders in the industry of health insurance. Uncomplicating life is the motto of the company. The various health insurance policies serve families, individuals and senior citizens along with the corporate houses. It provides its customers with effective and simple solutions for covering the cost of their health issues.

All the health insurance companies mentioned in the article provides the people with various products and services. Most of the companies mentioned in the above list are widely known for the family plans that they provide. In order to find out the best and the most effective health insurance company, one can go through the plans of each of the companies in detail and can select the one that best suits his needs. Most of the companies mentioned are not only reliable but also provide the people with the most effective plans for the people of every age group. From individuals to senior citizens, health insurance plans are available for all.


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