We have comprehensive information on the top health insurance companies, including their coverage, customer service and affordability. Our goal at Investkraft is to help you make an informed decision when selecting a health insurance provider. So, whether you are looking for individual, family or group coverage, we have got you covered.
According to IRDI, 7 health insurance companies offer various types of health insurance plans. As these companies are registered with the IRDAI, we can safely assume that all of these companies providing health insurance policies are best. Each of these health insurance providers has dedicated websites.
Choosing the right health insurance policy in India is essential for financial security during medical emergencies. With numerous companies offering a variety of policies, it can be overwhelming to navigate the options. Most promise quick customer support, easy purchasing, affordable premiums and efficient claim processes, making it difficult to decide on the best one.
Check out our list of top health insurance companies in India to find the best health plan for you and your family. We have compiled the best options to help you choose the right health insurance plan. Take your time to explore and compare the different health insurance companies to make a well-informed purchase decision.
How to Classify the Top Health Insurance Companies in India?
The top health insurance companies are determined on various criteria rather than focusing on a single factor. These criteria include the health insurer’s market share, customer satisfaction ratings, claim settlement ratio, the network of hospitals and healthcare providers, range of coverage and benefits offered, premium affordability, financial stability and reputation in the health insurance industry. Considering these factors collectively helps in identifying the top health insurance companies in India.
List of Best Health Insurance Companies in India and Their Policies
The table provides a comprehensive review of the leading health insurance companies in India, offering insights into their claim settlement ratios, key features, customer support effectiveness, provided benefits and customer feedback.
Insurer Name
CSR
Key Features
Efficient Customer Support
Benefits Provided
Customer Reviews
Aditya Birla Health Insurance Co. Ltd.
90%
Wellness programs, cashless hospitalization
24/7 helpline
No-claim bonus, health coach
Generally positive, noted for quick claims
Care Health Insurance Ltd.
95%
Comprehensive coverage, international travel insurance
24/7 customer service
Pre and post-hospitalization cover, day-care procedures
Positive feedback on policy clarity and support
Galaxy Health and Allied Insurance Co. Ltd.
85%
Flexible plans, personalized health services
Limited availability
Health check-ups, wellness rewards
Mixed reviews, some issues with claim processing
Narayana Health Insurance Ltd.
88%
Network of hospitals, affordable premiums
Responsive support
Coverage for pre-existing diseases after the waiting period
Positive for affordability and network access
Manipal Cigna Health Insurance Co. Ltd.
92%
Global coverage, wellness programs
Good customer service
Cashless hospitalization, health management programs
Generally favourable, praised for comprehensive plans
Niva Bupa Health Insurance Co. Ltd.
93%
Customizable plans, an extensive network of hospitals
24/7 support
Coverage for alternative treatments, global coverage
Positive, appreciated for customer service
Star Health & Allied Insurance Co. Ltd.
90%
Family floater plans, senior citizen plans
24/7 customer assistance
Health check-ups, no sub-limits on room rent
Generally positive, noted for prompt claim settlement
*Note - The data mentioned in the table above can have discrepancies. You are requested to visit the official website of the aforementioned health insurers for the updated data.
List of Best Policies Offered by the Top Indian Health Insurers
Now, we will disclose the best health insurance policies that these top Indian health insurers offer in the table below.
Aditya Birla Health Insurance Co. Ltd.
Policy Name
Premium (Approx.)
Benefits
Type of Plan
Other Important Parameters
Activ Health Platinum Enhanced
₹8,215/year
Health benefits include chronic care, cashless home treatment, 586 day-care procedures and 60 & 180 days of pre and post-hospitalization cover
Individual/Family
HealthReturns cover chronic illnesses from Day 1, expert health coach, sum insured reload up to 100%, COVID-19 hospitalization expenses covered
Activ Assure Diamond + Super Health Topup
₹11,746/year
1 crore rupees coverage, global emergency aid, 586 day-care procedures and Ayush therapy
Individual/Family
HealthReturns provides premium returns, increased sum insured reload, health coaching, COVID-19 hospitalization coverage and no-claim bonus
Activ Care Premier
₹18,000/year
Shorter waiting for pre-existing conditions, free annual check-ups, home care and daycare coverage
Senior Citizens
Limited room rent, disease sub-limits, co-payments, limited pre and post-hospitalization coverage
Activ Fit
₹6,863/year
Health benefits, rewards for healthy lifestyle, maternity coverage, pre and post-hospitalization expenses, unlimited sum insured refill
Individual/Family
Get up to 50% premium back with HealthReturns™, an early-bird discount, a no-claim bonus, the cashless facility at 10,000+ hospitals and a premium waiver for critical illness or disability (Aditya Birla Capital).
Activ Care Classic
₹5,000/year
Annual health check-ups, personal health coach, cashless treatment, home nursing, 586 day-care procedures.
Senior Citizens
21% HealthReturns, 3 plan variants, AYUSH in-patient treatment cover, COVID-19 hospitalization expenses covered by Aditya Birla Capital and Onsurity.
Care Health Insurance Ltd.
Policy Name
Annual Premium (Approx.)
Benefits
Type of Plan
Key Features
Care Supreme
₹7,665
Unlimited recharge, 7x health coverage
Individual/Family
Unlimited treatments, 30% off renewals, cashless treatment at 24,800+ hospitals
Care Health Insurance Plan
₹5,000
Full coverage for hospitalization and daycare procedures
Individual/Family
Advanced medical treatments, lifelong renewability and tax benefits under Section 80D
Care Senior Citizen Plan
₹8,000
Covers pre-existing diseases for senior citizens after 1 year
Individual
Daycare treatments are covered, no age limit for enrolment and cashless hospitalization
Care Critical Illness Plan
₹10,000
15 critical illnesses covered, lumpsum payment upon diagnosis
Individual/Family
Riders and tax benefits available under Section 80D
Care Family Floater Plan
₹6,500
The whole family insured under one amount
Family
Maternity benefits, newborn cover, no claim bonus included
The claim process is simple, treatment at 24,800+ hospitals without cash, and can renew lifelong
Galaxy Health and Allied Insurance Co. Ltd
Policy Name
Annual Premium (Approx.)
Benefits Offered
Type of Plan
Key Features
Galaxy Health Individual Plan
₹5,000 - ₹15,000
Hospitalization coverage, pre and post-hospitalization expenses and cashless treatment are included.
Individual
Insurance options range from ₹3 lakh to ₹1 crore.
Galaxy Family Floater Plan
₹10,000 - ₹30,000
Full family coverage, including maternity benefits.
Family
Insurance coverage for 6 members, with insured amount options ranging from ₹5 lakhs to ₹2 crores.
Galaxy Critical Illness Plan
₹7,000 - ₹20,000
Coverage for multiple critical illnesses with lump-sum payout.
Individual
Covers 20+ critical illnesses, with a waiting period.
Galaxy Senior Citizen Plan
₹8,000 - ₹25,000
Covers pre-existing conditions after the waiting period and is designed for seniors.
Individual
The age limit for this insurance is 60 years and above, and the sum insured options range from ₹3 lakhs to ₹50 lakhs.
Galaxy Top-Up Health Plan
₹3,000 - ₹10,000
Enhanced health insurance with more coverage, increased sum insured at lower cost.
Individual/Family
Options for adding credit, with a deductible.
Galaxy Maternity Plan
₹12,000 - ₹35,000
Maternity, newborn, and pre/post-natal care coverage.
Family
Maternity benefits require a waiting period.
Narayana Health Insurance Ltd.
Policy Name
Annual Premium
Sum Assured
Type of Plan
Key Features
Aditi Insurance
₹10,000
The budget allocation for surgeries is set at ₹1 crore, while ₹5 lakh has been allocated for medical management.
Family (covers up to 4 members)
Coverage for pre-existing diseases, no waiting period, discounted tests.
Manipal Cigna Health Insurance Co. Ltd.
Plan Name
Type of Plan
Annual Premium (approx.)
Sum Insured
Key Benefits
Lifetime Health Insurance
Individual/ Family
₹30,000 - ₹1,00,000
Up to ₹3 Crore
Get coverage for 27 major illnesses, enjoy cashless hospitalization, customize your coverage and opt for a critical illness rider
Health Insurance Plan
Individual/ Family
₹20,000 - ₹80,000
Up to ₹1 Crore
Full medical coverage with global coverage, including OPD expenses and optional add-on benefits
Critical Illness Plan
Individual
₹15,000 - ₹50,000
Up to ₹1 Crore
Insurance for specific critical illnesses and pays a lump sum upon diagnosis
Family Floater Plan
Family
₹25,000 - ₹90,000
Up to ₹2 Crore
One policy covers the whole family, more coverage and cashless hospitalization
Niva Bupa Health Insurance Co. Ltd.
Plan Name
Annual Premium
Sum Insured
Type of Plan
Key Benefits
Health Companion
₹5,116
₹300,000 - ₹1 Cr
Individual/Family
Daycare treatments covered, pre & post-hospitalization included, option for pre-existing diseases after the waiting period
ReAssure 2.0
₹10,431
₹1,000,000
Individual/Family
Premiums remain fixed from the entry age until a claim is filed, coverage up to 10 times the base sum insured and a renewal discount of up to 30% based on a healthy lifestyle
Health Premia
₹12,488
₹500,000 - ₹3 Cr
Individual/Family
Coverage includes pre and post-hospitalization, modern treatments, 50,000 rupees for HIV/AIDS, maternity benefits for 2 pregnancies and newborn vaccinations
GoActive
₹13,352
₹500,000
Individual/Family
Daycare, pre/post-hospitalization coverage, immediate chronic disease coverage, up to 30% renewal discount for a healthy lifestyle
Money Saver
₹9,504
₹3,000,000
Individual/Family
Combines base and top-up plans cover pre/post-hospitalization expenses and include an annual health check-up
Super Saver
₹9,214
₹2,000,000
Individual/Family
Daycare treatments, pre/post-hospitalization coverage, up to 1 crore rupees and an annual health check-up
Heart Beat
₹17,234
₹750,000 - ₹1 Cr
Individual/Family
Coverage for pre and post-hospitalization expenses, modern treatments, HIV/AIDS up to 50,000 rupees, maternity benefits (2 pregnancies) and newborn vaccinations
Senior First
₹13,453
₹500,000
Individual/Family
Insurance for senior citizens covers daycare, pre/post-hospitalization expenses and an annual check-up
Star Health & Allied Insurance Co. Ltd.
Plan Name
Type
Coverage (Sum Insured)
Annual Premium (Approx.)
Key Benefits
Star Comprehensive Insurance Plan
Family/Individual
₹5 Lakh - ₹1 Crore
₹10,000 - ₹50,000
Hospitalization, pre/post-hospitalization, AYUSH treatment and organ donor expenses
Family Health Optima Insurance Plan
Family
₹3 Lakh - ₹25 Lakh
₹7,500 - ₹25,000
Hospital, ambulance, maternity and newborn coverage
Star Health Gain Insurance Policy
Individual
₹1 Lakh - ₹5 Lakh
₹5,000 - ₹15,000
Doctor visits, medication costs and tests
Star Cancer Care Platinum
Individual
₹3 Lakh - ₹5 Lakh
₹15,000 - ₹35,000
Cancer treatment and post-treatment care
Star Criticare Plus Insurance Policy
Individual
₹2 Lakh - ₹10 Lakh
₹7,000 - ₹30,000
Cover for critical illnesses, hospitalization and ambulance
Young Star Insurance Policy
Individual/Family
₹3 Lakh - ₹1 Crore
₹6,000 - ₹45,000
Coverage for hospitalization, pre/post-hospitalization and outpatient emergencies
Star Senior Citizens Red Carpet
Individual
₹1 Lakh - ₹25 Lakh
₹12,000 - ₹60,000
Pre-existing diseases may require hospitalization or outpatient consultation after 1 year
Arogya Sanjeevani Policy
Individual/Family
₹1 Lakh - ₹5 Lakh
₹3,000 - ₹15,000
Hospitalization, pre/post-hospitalization, YUSH treatment and daycare procedures
Which Specific Health Insurance Companies Do You Recommend for an Individual?
Investkraft recommends the following health insurance companies based on their expert research. These companies were compared on factors such as sum insured, network hospitals, waiting periods, exclusions and premium costs.
Company Name
Claim Settlement Ratio
Solvency Ratio
Network Hospitals
Key Features
HDFC ERGO
100%
1.75
12,000+
Full coverage, cashless treatments, critical illness coverage and high claim settlement ratio
ManipalCigna
93.50%
1.57
18,000+
Corporate health programmes for employees, including OPD and wellness solutions
Care Health Insurance
95%
1.82
22,900+
Global coverage, fast approval for cashless claims
Niva Bupa
91.20%
1.79
10,000+
Customizable plans and flexible coverage
Star Health and Allied
85.47%
2.03
14,000+
Plans for seniors and pre-existing conditions with minimal wait times
Bajaj Allianz
93%
3.91
11,000+
Affordable premiums for comprehensive coverage
Acko
83.88%
4.26
14,300+
Online policy management and free yearly health checkups
ICICI Lombard
93%
2.51
7,500+
Promoting wellness and preventive care incentives
Tata AIG
78.33%
1.97
10,000+
Customize with add-ons and global coverage
SBI General
73.92%
1.86
6,000+
Government-affiliated insurer with trustworthy coverage
Choosing the right health insurance company is essential for financial security during medical emergencies. Investkraft’s guide on top health insurance companies offers detailed information on the coverage options, customer service and affordability, making decision-making easier. The listed providers have proven reliability with high claim settlement ratios, a wide hospital network and positive customer feedback.
Having the right health insurance policy is crucial for protecting your finances and ensuring access to quality healthcare. It is important to take your time and compare different plans before making a decision that suits your needs. Make sure to refer to the official websites of health insurance companies for the latest and most accurate information.
Frequently Asked Questions (FAQs)
Q: Which health insurance is best in India?
A: While selecting the best health insurance plan, it is important to consider individual health needs and personal circumstances. Some of the top health insurance plans in India for 2024 include:
ICICI Lombard Complete Health Insurance Plan
Star Comprehensive Insurance Plan
Care Health Insurance Plan
ManipalCigna ProHealth Protect Insurance Plan
HDFC ERGO Health Optima Restore
Q: How to compare two health insurance plans?
A: When comparing two health insurance plans, it is important to consider several factors:
Coverage Amount
Premium
Network Hospitals
Claim Settlement Ratio
Waiting Periods
Add-ons and Riders
Q: Who are the top 5 health insurance companies?
A: The top health insurance companies in India are determined by analyzing their performance and considering customer reviews:
ICICI Lombard General Insurance
Star Health and Allied Insurance
Care Health Insurance
ManipalCigna Health Insurance
HDFC ERGO Health Insurance
Q: What are the 2 most common health insurance plans?
A: Two common types of health insurance plans are:
Individual Health Insurance Plans: These plans cover a single person and provide benefits like hospitalization, pre- and post-hospitalization, and day-care procedures.
Family Floater Health Insurance Plans: These plans cover the entire family under a single sum insured, which is available to any family member during the policy tenure
Q: Which health insurance claim is best in India?
A: Choosing the best health insurance policy in India is influenced by factors like claim settlement ratio, coverage benefits, premiums and customer service. These are the top health insurance providers in India as they excel in these criteria:
Care Health Insurance (formerly Religare)
Niva Bupa Health Insurance (formerly Max Bupa)
ManipalCigna Health Insurance
HDFC ERGO Health Insurance
Star Health and Allied Insurance
ICICI Lombard Health Insurance
Aditya Birla Health Insurance
Q: Is it better to take Mediclaim or health insurance?
A: Health insurance offers more extensive coverage options and higher sum insured limits compared to Mediclaim, making it a better choice for comprehensive protection. On the other hand, if your main concern is only hospitalization expenses, a Mediclaim policy might be sufficient for your needs.
Q: What is the cost of a health insurance plan per month?
A: In India, health insurance premiums can vary from ₹500 to ₹5000 per month. The cost depends on factors such as the sum insured and the coverage features. Family floater plans, which provide coverage for all family members under a single policy, usually come at a higher cost compared to individual plans.
Q: Who gives the best health insurance in India?
A: The top health insurance providers in India, chosen for their extensive coverage, high claim settlement ratio and positive customer reviews, are:
HDFC Ergo
Star Health and Allied Insurance
Niva Bupa (formerly Max Bupa)
Q: Who are the top 3 insurance companies in India?
A: Some popular insurance companies in India include names like LICI, ICICI Lombard and HDFC Ergo.
Q: Which insurance company has the most complaints in India?
A: National Insurance and United India Insurance, two major public sector insurers, have been found to have higher complaint volumes in comparison to their size. This information was gathered by reviewing the annual reports of the Insurance Regulatory and Development Authority of India (IRDAI).
Q: What is the 2nd largest insurance company?
A: ICICI Lombard General Insurance is the second-largest insurance company in India after the Life Insurance Corporation of India (LICI). It holds a significant market share and collects substantial premiums in the general insurance sector.
Q: Which one is a good health insurance?
A: Based on your specific health needs and financial circumstances, it is important to select a health insurance plan that provides appropriate coverage and is affordable.
Q: Can I pay monthly for health insurance?
A: Yes, monthly payments for health insurance are a common option. These monthly premiums are essential for maintaining continuous coverage. As long as you keep up with the payments, your health insurance will remain intact.
Q: What is the waiting period for health insurance?
A: The waiting period in health insurance is an important consideration when choosing a plan, as it can impact when your coverage will take effect and when certain benefits will be available. The length of the waiting period can differ greatly between insurers and policy types, so it is crucial to review the details before making a decision.
Q: Which is the No 1 health insurance company in India?
A: The leading health insurance provider in India. Star Health and Allied Insurance Co. Ltd, is widely acknowledged for its wide-ranging policies, extensive network and exceptional customer service.
Q: Which health insurance claim is best?
A: In India, the best health insurance claim process depends on factors like filing ease, settlement speed and provided support. Star Health and Allied Insurance and HDFC Ergo have high claim settlement ratios and hassle-free processes.
Q: Which Mediclaim is best for families?
A: Several health insurance plans are well-regarded for families in 2024. Some of the top options include:
Niva Bupa Reassure 2.0
Care Supreme
ManipalCigna Prime Advantage
Aditya Birla Activ Health Platinum Enhanced
Star Health Assure
Q: How do I choose health insurance for myself?
A: When choosing health insurance for yourself, consider the following factors:
Coverage
Sum Insured
Network Hospitals
Premiums
Claim Settlement Ratio
Q: Can I claim health insurance after 1 month?
A: Most health insurance plans typically include a waiting period of 30 days, where claims can be made for accidents. However, once this period is over, you can start claiming for covered illnesses and treatments.
Q: What is the minimum period of stay in the hospital to get covered in health insurance?
A: The duration of stay required for health insurance coverage varies, but is generally at least 24 hours. However, there may be exceptions for certain treatments or procedures that do not require an overnight stay.
Q: Which government mediclaim is best?
A: Ayushman Bharat Yojana, a government-sponsored health scheme, is widely known for its extensive coverage for the economically weaker sections. It offers significant benefits and includes a wide range of treatments at empanelled hospitals.
Author: Abhik Das
Abhik Das is a versatile content writer with over 5 years of experience crafting engaging and informative content across diverse industries. His expertise spans the fields of ed-tech, pharmaceuticals, organic food, travel, sports, and finance.
Here's what sets Abhik apart:
Content Versatility: Able to adapt writing style and tone to suit various audiences and content needs.
SEO Proficiency: Creates content optimized for search engines, ensuring discoverability and organic traffic.
Deep Research: Conducts thorough research to ensure content accuracy and credibility across complex topics.
Engaging Storytelling: Captures reader interest with clear, concise, and compelling writing.
Abhik's diverse background empowers him to deliver insightful content across a wide range of subjects. Whether you're seeking engaging explainer pieces on the latest financial trends, informative guides to organic food choices, or captivating travelogues, Abhik has the expertise to craft content that resonates with your audience.
care@investkraft.com 
+91-9797971876
+91-9797971876
.jpg)
