By | July 11, 2017

Health Insurance is important part of investment to cover your medical expenses at times of need. Like any other insurance policy purchase, you are supposed to pick a plan suiting your circumstances and pay premium amount regularly to get covered. IRDA is the regulatory authority in India to regulate Health Insurance providers. According to the Annual Report by IRDA for the period 2015-16; Health Insurance sector is getting significance response from the people. Due to changes in mindset of the people and changing life style it is getting imperative to have an exhaustive health insurance that covers most of critical illness.

For implementing enhanced coverage, health insurance providers are trying to add features like covering critical illness like Alzheimer’s and Parkinson’s diseases, covering cost of alcohol and drug rehab and many more. Daily cash coverage and extensive coverage of diabetes and hypertension have attracted many insured. There are many market players when it comes to health insurance plans.

If you are looking for comprehensive guide to choose best health insurance company for your insurance investment, then you are going to love this post. As per the IRDA regulations, Health insurance companies with highest claim incurred ratio are considered as stable and better company. We have listed Top 5 popular and standalone Health Insurance Companies in India for your reference-

Top 5 Health Insurance Companies in India

Apollo Munich Insurance

Apollo Munich is one of the best standalone Health Insurance provider with 98% claim settlement ratio and offers 4500+ cashless hospital settlement. Their robust campaigns and partnership with Apollo Chain of Hospitals has made the offers and policies very popular among people. Apollo Munich Insurance is the partnership with Apollo Hospitals and Munich Health, a world wide health insurance provider.

Their distinctive features-

  • Comprehensive health cover like cashless treatment, post and pre hospital expense coverage
  • Within 4 hours Cashless settlement in more than 4500 hospitals around the country
  • No sub- limits and Co- pay clauses
  • Online purchase with EMI
  • Unique multiplier


Star Health Insurance Company

Star Insurance came into business in 2006 with focus on Health Insurance only. It is a standalone Health Insurance provider with the aim to provide best of medical policies with easy settlement and timely disbursement. The Health plans with this company are very simple and comes with auto restore facility. You can plan health insurance for yourself, for your family or for your parents only. It also covers death due to Accident or permanent disability and you can also avail the services of travel insurance.

Their distinctive features-

  • No pre medical check up required even if you are getting senior citizen parents insured.
  • Auto cover for new born baby of the insured mother
  • Free Health check ups
  • Double insured amount for free after claim free year

Max Bupa Health Insurance Company

Max Bupa is the partnership product of Max India Limited and UK based healthcare expert company Bupa. With the customer base of more than 190 millions all over the country, Bupa is assisting Max India Limited with their expertise in the matter of Healthcare. The company has simple health policies that covers most of all the critical illness, superb customer satisfaction and cash less approval within an hour.

Their distinctive features-

  • ¬†Comprehensive coverage for specific needs
  • International coverage
  • Maternity benefits
  • Internationally recognized


ICICI Lombard

ICICI Lombard General Insurance Company is most trusted name when it comes to non- life insurance policies. The company has a huge profile that gets you best healthcare policies, wide chain of hospitals for settlement and very quick settlements records. In case of medical emergency you need not worry about the hospitals, as this policy has tie- ups with more than 4500 hospitals across country. Also check out our list of Top 5 Car Insurance Companies in India for its enlisting.

Their distinctive features-

  • They are pioneers in this field
  • They have extensive customer services for optimal customer satisfaction
  • Complete Health Coverage with OPD benefits,¬† maternity cover and wellness benefits


Bajaj Allianz Health Insurance

Bajaj Allianz is last on our list but it is very popular and best health insurance provider that offers extensive plan with specific coverage.  It offers range of health/ medical policies that comes into your budget. They have highest settlement claim ratio among the private insurers. Policy holders can avail the benefits of cashless treatment, post and pre hospitalization expenses covered and ease of quick settlement.

Their distinctive features-

  • There are women specific plans
  • Cashless treatment in more than 5700 hospitals
  • Claim settlement in an hour
  • In house health administration team

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