Skip to content

Best Health Insurance Companies in India To Check 2023

  • Insurance
Top 10 Health Insurance Companies

Health insurance is a type of insurance that covers the medical expenses of an individual or a group of people in case of illness, injury, or hospitalization. Health insurance can provide financial protection and peace of mind in times of medical emergencies. It can also help in availing of quality healthcare services at affordable rates.

In India, there are many health insurance companies that offer various plans and policies to suit the needs and preferences of different customers. However, choosing the best health insurance company can be a challenging task, as there are many factors to consider, such as:

  • The coverage and benefits offered by the plan
  • The premium and co-payment charges
  • The claim settlement ratio and process
  • The network of hospitals and doctors
  • The customer service and support
  • The reputation and reviews of the company

To help you with your decision, we have compiled a list of the best health insurance companies in India for 2023, based on the latest data and information available from various sources. Here are the top 10 health insurance companies in India for 2023:

  1. Care Health Insurance Company: Care Health Insurance Company (formerly known as Religare Health Insurance Company) is one of the leading health insurance providers in India, with a claim settlement ratio of 100% for 2021-22. It offers a range of plans for individuals, families, senior citizens, women, youth, and corporate groups. Some of its popular plans are Activ Fit, Activ Health Platinum Enhanced, Activ Assure Diamond+ Super Health top-up, Activ Care Classic, Activ Secure Critical Illness Plans, and Activ Secure Personal Accident1. It has a network of over 10,000 hospitals across India1.
  2. Tata AIG Health Insurance Company: Tata AIG Health Insurance Company is a joint venture between Tata Group and American International Group (AIG), two of the most trusted names in the industry. It has a claim settlement ratio of 99.06% for 2020-21. It offers comprehensive and customized plans for individuals, families, senior citizens, women, and corporate groups. Some of its popular plans are MediCare Premier Plan, MediCare Protect Plan, MediRaksha Plan, MediSenior Plan, MediPlus Plan, and Super Top Up Policy. It has a network of over 7,500 hospitals across India3.
  3. Max Bupa Health Insurance Company: Max Bupa Health Insurance Company is a joint venture between Max India Limited and Bupa Finance PLC UK, two of the leading names in the healthcare sector. It has a claim settlement ratio of 96.15% for 2020-21. It offers innovative and flexible plans for individuals, families, senior citizens, women, youth, and corporate groups. Some of its popular plans are ReAssure Plan, Health Premia Plan, Heartbeat Plan, GoActive Plan, Money Saver Plan, and Super Top Up Plan. It has a network of over 6,000 hospitals across India.
  4. HDFC ERGO General Insurance Company: HDFC ERGO General Insurance Company is a joint venture between HDFC Limited and ERGO International AG Germany, two of the largest financial services companies in the world. It has a claim settlement ratio of 95.97% for 2020-21. It offers a wide range of plans for individuals, families, senior citizens, women, youth, and corporate groups. Some of its popular plans are my: Optima Secure Plans, my: Health Suraksha Plans, my: Health Women Suraksha Plans, my: Health Medisure Classic/Super-Top-Up Plans, and my Personal Accident Policy. It has a network of over 10,000 hospitals across India.
  5. ICICI Lombard General Insurance Company: ICICI Lombard General Insurance Company is a joint venture between ICICI Bank Limited and Fairfax Financial Holdings Limited Canada, two of the largest financial services companies in the world. It has a claim settlement ratio of 94.66% for 2020-21. It offers comprehensive and customized plans for individuals, families, senior citizens, women, youth, and corporate groups. Some of its popular plans are Complete Health Insurance Policy, Health Booster Policy, Arogya Sanjeevani Policy, Personal Protect Policy, and Critical Care Policy. It has a network of over 6,500 hospitals across India.
  6. Manipal Cigna Health Insurance Company: Manipal Cigna Health Insurance Company is a joint venture between Manipal Group and Cigna Corporation USA, two of the leading names in the healthcare sector. It has a claim settlement ratio of 94.07% for 2020-21. It offers comprehensive and customized plans for individuals, families, senior citizens, women, youth, and corporate groups. Some of its popular plans are ProHealth Protect Plan, ProHealth Plus Plan, ProHealth Preferred Plan, ProHealth Premier Plan, Lifestyle Protection Critical Care Plan, and Lifestyle Protection Accident Care Plan. It has a network of over 8,500 hospitals across India.
  7. Star Health and Allied Insurance Company: Star Health and Allied Insurance Company is one of the largest standalone health insurance providers in India, with a claim settlement ratio of 90.67% for 2020-21. It offers a variety of plans for individuals, families, senior citizens, women, youth, and corporate groups. Some of its popular plans are Star Comprehensive Insurance Policy, Star Family Health Optima Insurance Plan, Star Senior Citizens Red Carpet Health Insurance Policy, Star Medi Classic Insurance Policy, Star Health Gain Insurance Policy, and Star Super Surplus Insurance Policy. It has a network of over 12,000 hospitals across India.
  8. Bharti AXA General Insurance Company: Bharti AXA General Insurance Company is a joint venture between Bharti Enterprises and AXA Group France, two of the leading names in the industry. It has a claim settlement ratio of 89.09% for 2020-21. It offers various plans for individuals, families, senior citizens, women, youth, and corporate groups. Some of its popular plans are Smart Super Health Insurance Policy, Smart Health Assure Policy, Smart Super Top Up Insurance Policy, Smart Personal Accident Policy, and Smart Critical Illness Policy. It has a network of over 6,000 hospitals across India.
  9. New India Assurance Company: New India Assurance Company is one of the oldest and largest public sector general insurance companies in India, with a claim settlement ratio of 87.54% for 2020-21. It offers various plans for individuals, families, senior citizens, women, youth, and corporate groups. Some of its popular plans are New India Mediclaim Policy, New India Floater Mediclaim Policy, New India Asha Kiran Policy, New India Premier Mediclaim Policy, New India Top Up Mediclaim Policy, and New India Cancer Guard Policy. It has a network of over 3,000 hospitals across India.
  10. National Insurance Company: National Insurance Company is one of the oldest and largest public sector general insurance companies in India, with a claim settlement ratio of 83.78% for 2020-21. It offers various plans for individuals, families, senior citizens, women, youth, and corporate groups. Some of its popular plans are National Parivar Mediclaim Plus Policy, National Parivar Mediclaim Policy, National Mediclaim Plus Policy, National Mediclaim Policy, National Varistha Mediclaim Policy, and National Critical Illness Policy. It has a network of over 6,000 hospitals across India.

These are some of the best health insurance companies in India for 2023, based on the latest data and information available from various sources. However, before buying any health insurance plan, it is advisable to compare the features, benefits, exclusions, limitations, and terms and conditions of different plans and choose the one that best suits your needs and budget. You can also consult an expert or use online tools and calculators to help you with your decision.