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10 health insurance companies in India


India is one of the most densely populated countries in the world, with a population scaling upwards of 120 Crore citizens. A company that has so many citizens is sure to see a lot of medical issues as well. With the medical expenses constantly on the rise, it is but necessary for individuals to own medical or health insurance. It is not possible for the government alone to take responsibility for so many of its citizens. A health insurance, on the other hand, will secure you and your family’s health and well-being for a longer span of time.

What is health insurance?

Health insurance can be described as an insurance against various illnesses. Here the insurer that is the policy giver promises to pay your expenses during or post medical emergencies under a said circumstance. You will occupy the position of the insured based on the fact that you pay premiums on regular contracted intervals. This will keep your insured status intact.

Why is it important to own health insurance?

It is a known fact that sky is the limit for medical expenses. Accidents and health hassles do not always come after knocking on the door, and hence it can be hard to financially be prepared for the moment. The health insurance companies act as your financial backbone during these sudden situations of medical emergency and help you and your family through this tough period.

Paying stipulated amount of premium from time to times, makes you liable for reimbursement at crucial times. At the moment, there are quite a number of companies in the market providing the citizens with health insurance. The challenge here is to choose the ones that are genuine and have policies designed to help you and not them.  IRDA has recently provided India with the list of top 10 health insurance companies in India.

Top 10 health insurance companies in India:

Here are the names of the top 10 health insurance companies in India that you should consider when looking for health insurance covers.

  • #10 – National Insurance Company

NIC or National Insurance Company is one of the oldest and mightily recognised insurance offering companies in the country. Ever since its establishment in the year 1906, it has been providing insurance covers in the field of health insurance, accidental insurance, car insurance, fire insurance, home insurance, etc. Lately, NIC has been come to be known for its wonderfully designed health insurance policies, namely Mediclaim and Parivar Mediclaim policies. The illnesses covered by these health insurances include- cancer, organ transplant, multiple sclerosis, coronary artery surgery, stroke, major organ transplants, etc.

  • #9 – Allied Insurance and Star health

Both these companies are tied at spot nine on this list of the top 10 health insurance providing companies in the country. The health insurance plans put forward by these companies, come by the name of Star Shri Family Care and Star Shri Individual Care. The policy covers different illnesses, like- heart diseases, fractures, accidental costs, etc.

  • #8 – Reliance General Insurance

Reliance General Insurance is the first company in the country that provides packaged policies. Some of their health insurance packages include- HealthWise, HealthGain, and Wellness plans. Reliance is a trusted name in a number of sectors and insurance is no different. Other insurance fields covered by the company include- home insurance, travel insurance, car insurance, etc.

  • #7 – SBI Life Insurance

BNP Paribas and the State Bank of India collaborated together in the year 2001 to incept a new company, i.e. the SBI Life Insurance. Not only is SBI the king bank in the field of banking but also the leading name when it comes to providing insurance policies. The health insurance policy extended by SBI Life Insurance is well compiled and comes by the name of Smart Health Insurance. Benefits that can be banked from this policy includes- Pre-Hospitalization Charges, Lump Sum Payouts and also Post Hospitalization Charges.

  • #6 – HDFC ERGO

Ever since its inception in the year 2002, HDFC Ergo has come to receive a number of awards, all thanks to its fantastic and insuring services to the Indian Citizens across the multiple states. DFC Ergo has collaborated with more than 4800 hospitals throughout the country and provides a number of health insurance plans, some of which are- Health Suraksha, Critical Illness, Health Suraksha Gold and Health Suraksha Top Up.

  • #5 – Bajaj Allianz

Bajaj Finserv Limited and Allianz SE collaborated with each other in the year 2002 to give birth to a new insurance company, namely Bajaj Allianz. The company provides health insurance covers both for individuals as well as families. Some of the benefits you can enjoy with their covers include- ambulance charges, cashless treatment, medical checkups, etc.

  • #4 – Max Bupa

The Max Bupa is an undertaking that specialises in health and health alone. It offers some of the leading services in over 3500 hospitals across the country through it’s leading health insurance plans. Pre & Post-medical charges and medical checkups are only a couple of benefits offered by their plans.

  • #3 – Apollo Munich

Thanks to its commendable plans, their features and the benefits bestowed, Apollo Munich has come to be the third highest ranked in the list of the top 10 health insurance companies in India. Ever since its inception in the year 2007 Apollo Munich has been increasing its spread and reaching out to affect lives more positively.

  • #2 – ICICI Lombard

ICICI Lombard is another company that saw its inception in the year 2001 and has never looked back. It’s wonderfully laid out plans have allowed it to capture the second position on this list.

  • #1 – Religare Health Insurance

Over the years, Religare Health Insurance has surfaced to be the top and the leading most institution when it comes to health insurance covers or insurance at large. Over the last couple of years Religare Health Insurance as collaborated with 4000 hospitals throughout the nations to bring forward the best facilities to its clients.

Contact any of these companies for a safer and healthier future for yourself and your family.



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