Top 7 Health Insurance Companies in India to secure your Life   - Takez

Tuesday, July 5, 2022

Top 7 Health Insurance Companies in India to secure your Life  


Only the top health insurance providers will offer broad medical coverage to reduce costs. With the health insurance claim, you can receive coverage for hospitalization, doctor visits, surgery charges, medicinal costs, nursing allowances, and so on. This is why we listed the top seven medical insurance providers in India that can give you peace of mind from your troubles

Best Health Insurance Company

Choosing the Best Health Insurance Company: Here's the Point
The right medical insurance company out of the many available options is essential. When choosing the best health insurance policy, it is customary to select an option based on suggestions. Here are some significant aspects to consider before choosing a health insurance provider.
  • Coverage
  • Claim Settlement Ratio
  • Service Quality
  • Financial Solidity
  • Cost per Plan
  • Plan Renewability
  • Value Plus Benefits

Top 7 Health Insurers in India: Buy the Plan to Safeguard your Health

There are a variety of health insurance firms in India that offer an array of health insurance plans that meet the different needs of health insurance for different individuals. With their various offerings, each health insurance provider is determined to provide their customers with various benefits.
It isn't easy to choose or locate the most reliable health insurance provider with whom you can be able to trust for all your health insurance requirements. Take a look at this well-known reliable health insurance company in India.

HDFC Ergo Health Insurance

A joint venture of HDFC Ltd. and Ergo International AG, HDFC Ergo is the fourth-largest General insurance firm in the private industry. The company provides a broad array of health insurance services and has a resolution ratio of 90.32 percent.
It has been awarded numerous high-profile awards for providing exceptional customer service. One of them was the Top Customer Service Award for the year. ICRA has also awarded it the rating 'iAAA' for its outstanding claims-paying capability.

Major Insurance Plans

  • Optima Secure Health Insurance Policy
  • Health Suraksha Insurance Plan
  • Critical Health Insurance Policy
  • Cancer Insurance

Bharti AXA General Insurance

Bharati AXA General Insurance Company is among India's most well-known and respected medical insurance providers. The company is part of a joint venture with Bharti Enterprises (a leading Indian business company) along with AXA Group of France (a pioneer in wealth management and financial protection).

It offers various insurance options to businesses and individuals; health insurance, group health, Life, and vehicle. Bharati AXA has some of the most effective health insurance policies available online. It has over 60 branch offices of corporate across the nation.

It offers a straightforward, smooth, fair, and efficient claim settlement process that is transparent, fair, and smooth. Additionally, it has a documented history of high claims settlement ratio in the past, including 98.27 percent in the year 2018-19.

Major Insurance Plans

  • Bharti AXA Smart Health Assure Insurance Policy
  • Bharti AXA Smart Super Health Insurance Policy
  • AXA Smart Health Critical Illness Insurance Plan
  • AXA Smart Personal Accident Insurance Plan

Tata AIG Insurance

One of India's most significant health insurance companies, Tata AIG General Insurance Company Limited, is an alliance between the well-known Tata Group and American International Group (a finance and insurance company). The company was established in 2001 and offered individual and business insurance plans.
The company boasts an average 95% claims settlement ratio in all. Tata AIG offers various plans for seniors, families, women with critical illnesses, and much more. It also permits customers to purchase online health insurance at very affordable prices.

Major Insurance Plans

  • Tata AIG MediCare
  • AIG MediCare Premier
  • Tata AIG MediCare Protect
  • Wellsurance Woman, Family
  • Critical Illness

Star Health Health Insurance

Star Health is India's first independent health insurance company, which was founded in the year 2006. Star Health provides excellent customer service with new products that cater to families, individuals, and corporations.
It offers sterling services for personal accidents and Overseas Travel Insurance. Star Health is predominantly into Bancassurance and has a strong partnership with several banks.
Like that, Star Health is one of the top health insurance providers in claims settlements. Star Health's incurred claim settlement rate is 61.76 percent. It has an estimated incurred claim ratio of 90 percent. The company currently has over 11000 cash hospitals and more than 640 branches throughout the United States.

Major Insurance Plans

  • Senior Citizens Red Carpet Health Insurance
  • Comprehensive Insurance Policy
  • Super Surplus Insurance Policy
  • Medi-Classic insurance policy

Niva Bupa Health Insurance

Niva Bupa Health Insurance is a joint venture of True North, an Indian private equity company, and Bupa Healthcare, a British healthcare service-based organization. It provides comprehensive coverage for all family members, including infants and older adults.
Niva Bupa has 7600+ hospitals across its networks, with a settlement ratio of 89.46 percent. The company provides lifetime renewal options. It also covers costs including post and pre-hospitalization and hospital room rental, OPD expense cover, organ donation, daycare, and regular health check-ups at least once or twice a year.

Major Insurance Plans

  • Health Insurance Plans
  • An individual medical insurance policy
  • Critical illness Plan
  • Senior Citizen Plan
  • Personal accident insurance Plan

AEGON Life Insurance

AEGON Insurance is a joint venture of AEGON Life (a leading Dutch financial services company) along with Bennett, Coleman & Company (publishers of Times of India). The company was founded in 2008 and is among the top insurance companies awarded in India.
It has always had a high settlement rate for claims, which was 95.67 percent in 2017/18.

Major Insurance Plans

  • Critical Illness Health Plan
  • iCancer Plan
  • The Surgical Cash Benefit Policy
  • Mico-insurance Policy

National Health Insurance

National Health Insurance National Insurance Company is a public company that has been in operation for over 100 years. The company offers free health check-up benefits up to 1percent of the amount covered after four claims years.
The company is home to over 6000 networks of hospitals and has had a claims ratio of 114.24 percent. The health plans include additional covers, including cashless claims and many benefits. Free health checks and cashless daycare treatment, including pre-hospitalization, post-hospitalization ambulances, and more. Are covered on the Plan.

Major Insurance Plans

  • National Mediclaim Plus Policy
  • Overseas Mediclaim Business and Holiday, Employment and Studies
  • Parivar Mediclaim Policy on Family
  • National Parivar Mediclaim


Why Should I Buy a the Health Insurance Plan?

Health insurance is a security measure that prevents you from spending your savings on a medical emergency. You'll need to take money from your savings account to pay the costs in an emergency medical situation unless you have insurance.
If you have an insurance policy covering health issues, you can claim benefits over the amount you are insured.

What are the various factors that determine health insurance policy?

The various elements that determine the cost of the health insurance policy are listed below:
  • Age
  • Medical background
  • Claim years of free time

How do I pick the most reliable health insurance company within India?

To choose the most trustworthy health insurance provider in India, it is essential to be aware of the following aspects:
  • Health Insurance Plans
  • Affordable Costs
  • Claim Settlement Ratio
  • Cashless Network Hospitals
  • Reviews and Ratings
  • Hassle-free Plan Renewability