Health insurance is an insurance that completely covers you and your family at the time of medical emergencies by paying for the number of expenses that has incurred during the treatment. The insured has to pay the premium as per the plan that is selected and the cumulative amount is paid during the medical contingency. It is called as Medi claim. It acts as a tax saving tool by providing tax under section 80D. We have some of the best health insurance companies in Hyderabad. Highlighting the above factor we have come up with the list of Top 10 Health insurance companies in Hyderabad.
Top 10 Health Insurance companies in Hyderabad
#10 Oriental Insurance Company Limited
Oriental general insurance is a government-owned insurance company that offers a completely different range of health insurance products in Hyderabad. Situated in Kukatpally this company has many branches in parts of Hyderabad. The impressive part about Oriental health insurance is that it has a pre-policy medical test until the age of 60 years whereas otherwise, it is compulsory for other health insurance providers to get a medical examination done below the age of 45.
#9 Bajaj Allianz Insurance Company
This insurance company is considered to be as one of the best health insurance companies in Hyderabad. It has some health products that are very much beneficial for customers of a particular age group. The major health insurance products are Health Guard, Silver Health and Star package.It was the first company to provide captive TPA services with additional benefits.
#8 National Insurance Company Limited
It is a full government entity, that has been serving its customers for over a century and provides complete health insurance coverage. It had a claim ratio of 110% for the year 2014-15. The best product offered by the National Insurance Company is Varisththa Mediclaim that has coverage for senior citizens.
#7 Religare Health Insurance Company
Situated in Begumpet, this insurance company is one of the top health insurance companies in Hyderabad that has shown tremendous growth in a very short amount of time, because of which it has turned out to create a benchmark in the insurance market of Hyderabad.It is promoted by Fortis Hospitals.
#6 Cigna TTK Health Insurance Company
This health insurance company is a new player that was launched in the year 2014 and immediately had set its place as one of the top 10 health insurance companies in Hyderabad. It had an incurred claim ratio of 64.32% for the year 2014-15.
#5 Max Bupa Health Insurance Company
It is one of the best health insurance companies in Hyderabad that is well known for its insurance policies that has many offers for people of different age group. It had a claim ratio of 55.16% for the year 2014-15. It offers different policies for various age group categories.
#4 New India Assurance Company Limited
It is a government-owned entity of India, that has been operating since 1919. This company is very well known for the mediclaim policy they offer. The main feature offered under this policy is that it provides different ratings for metros. It had an incurred ratio of 98% for the year 2014-15.
#3 ICICI Lombard General Insurance Company
Another popular player in the industry is ICICI Lombard Insurance company which has its main product Health Advantage that offers complete coverage for expenses in case of medical emergency. It covers almost everything i.e cost of hospitalization, dental expenses and ambulance charges up to a certain limit.
#2 Star Health & Allied Insurance Company
This insurance company is on top for many reasons, mainly because of its house claim settlement procedure to deal with cashless hospital facility. Situated in Bhoiguda, this insurance company comes up with a different range of products that offer protection to Diabetes and HIV+ patients.
#1 Apollo Munich Health Insurance Company
It has an outstanding record of claim ratio i.e 63.3% for the year 2014-15 and has an additional benefit like portability and lifelong renewability in its health insurance plans.This insurance company is considered as one of the top health insurance companies in Hyderabad.