Accidents, diseases, and disorders can come at any stage of life needing you to pay lakhs of hospital bills. A good insurance company may provide health claim settlements up to 100%, providing financial relief in times of emergency.
However, many people in India do not pay attention to health insurance and primarily rely on government and private hospitals for health emergencies. However, getting insurance can keep you relaxed and tension-free and also give insurance coverage up to ninety percent of hospital bills.
If you are the one searching for the best health insurance company, you have come to the right place. Today, we will share with you a list of the health insurance companies in India that provide the best health insurance services.
But first, let us see the key benefits of health insurance at an early age:-
Benefits of Health Insurance
Health insurance at an early age can give you many benefits, such as:-
1. Full hospitalization coverage
Getting a health insurance plan can cover full hospitalization in every case, whether it is illness, accidental, capping on hospital room rent, daycare expenses, or any other treatment.
2. Health check-up coverage
A good health insurance company can cover for medical health check-ups. This is to ensure that an individual is aware of their health and proper preventive measures can be taken on time.
3. Discount on ‘no claim’ years
In years you do not claim insurance, you can get a discount or an increase in the total amount at no extra cost. But, the treatment for this depends on the individual company and patient.
4. Income tax benefits
You can also get an income tax benefit according to the ITA (Income Tax Act). In India, you may get benefits in the form of ITA rebates on premiums of health insurance as follows:-
- Health insurance for the family at INR 25,000
- INR 50,000 deduction on age 60 years old or more
- Additional deduction on the insurance of parents
5. Pre-and Post-Hospitalization Expenses
You can get coverage for pre and post-hospitalization expenses with health insurance. Whether it is a medical test, medicine, follow-up, doctor’s fees, or more, you can get expense coverage for 15 to 60 days prior to treatment.
Similarly, you may get paid for expenses ranging from 30 to 90 days from the discharge.
Best Health Insurance Company in India
India is a leading country in developing fatal diseases and having emergency accident cases. That is why having health insurance as an Indian is important.
During the COVID-19 years, the country saw a hike in health insurance, thankfully!
More people have understood its importance, and an increase in claims has been noticed.
Here is a list of the top 5 health protection policy companies in India:-
- Care Health Insurance
- Niva Bupa Health Insurance
- Aditya Birla Health Insurance
- Reliance Health Insurance
- Star Health Insurance
Now, let us discuss each health insurance company in detail:-
Care Health Insurance
Care Health Insurance is one of the best health insurance companies in India. The healthcare provider has a settlement ratio of more than 100%, which makes it stand out from other companies.
The company provides the best healthcare plans for families, personal accidents, senior citizens, and long-term illnesses.
Given that, here are some of its features:-
- It offers up to 600% cumulative bonus–the biggest in the health insurance industry.
- No limits or caps on hospitalization, AYUSH treatment, or domiciliary admission.
- Served more than three crore customers since establishment.
| Founded on | July 2012 |
| Parent organisation | Religare |
| Headquarters | Gurgaon, Haryana, India |
| Customer service | 1800-200-4488 |
Niva Bupa Health Insurance
Niva Bupa Health Insurance Company was established as a collaboration of two enterprises: Max India Limited and UK-based company Bupa Finance PLC.
One of the most attractive services of this company is a 30-minute cashless claim settlement without any intermediaries.
Given that, here are some of its features:-
- You can avail of multiple benefits and perks upon downloading their healthcare app
- Niva Bupa has a strong hospital network of more than 10,000+ hospitals
- A large range of available health insurance products.
| Founded on | 2008 |
| Parent organization | Bupa |
| Headquarters | New Delhi, India |
| Customer service | 1860 500 8888 |
Aditya Birla Health Insurance
The next one on our list of health insurance company in India is Aditya Birla Health Insurance. The company offers 360-degree health care coverage, including various long-term, undiagnosed, and serious diseases.
It was formed by a joint companionship between the Aditya Birla Group and MMI Holding. The company has a tie-up with more than 11,000 hospitals across India.
Given that, here are some of its features:-
- 360-degree wellness support
- Feasible health return features
- Binge refill features which allow you to avail unlimited refills to the sum insured in a policy year.
| Founded on | October 2016 |
| Parent organization | Aditya Birla Capital Ltd (ABCL) |
| Headquarters | Available in more than 5000+ cities |
| Customer service | 1800-270-7000 |
Reliance Health Insurance
Reliance Health Insurance Company is very popular because of its premium policy plans and full health coverage. It is one of the leading general insurance companies in the private sector.
It has over 139 offices across India and 28,900 intermediaries. Not just health, but the company provided products and insurance for motor, travel, and commercial as well.
Given that, here are some of its features:-
- Avail hassle-free customization option
- Universal insurance portfolio
- Smooth claim and settlement process
| Founded on | 17 August 2000 |
| Parent organization | Reliance Capital |
| Headquarters | Westin, Goregaon, Mumbai, India |
| Customer service | 022 4890 3009 |
Star Health Insurance
Last but not least on our list of health insurance company in India is Star Health Insurance. It is another stand-alone insurance provider with a massive customer base of 17 crore people.
The company has a large network of more than 14,000 hospitals across the country. It serves individual needs with customized health insurance plans and products. These reasons make it the best health insurance company.
Given that, here are some of its features:-
- Upto 90% cashless claim settlement within two hours
- There is a wide range of health insurance plans, including family plans, senior citizens, group plans, and more.
- A 360-degree health care system.
| Founded on | 2006 |
| Parent organization | CICI Venture, Sequoia Capital, Tata Capital Growth Fund, Oman Insurance |
| Headquarters | Chennai, India |
| Customer service | 1800 425 2255 |
Conclusion
Make a smart decision and get health insurance for you and your family today!
Increasing environmental factors are affecting the physical as well as mental health of almost everybody today, which can result in diseases and disorders in the long run. And, it is obvious that one-time hospitalization can debit lakhs from your account.
Government hospital processes can be too time-consuming, and private ones are too costly. In such a scenario, having health insurance from the best health insurance company in India is the wisest choice.
Do not make a delay and claim today.
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