10 Best Health Insurance Company in India

One of the main components of financial planning is Health Insurance. Health insurance provides you peace of mind and financial safety during medical emergencies. You will find many Health Insurance companies in India. These companies provide a variety of medical policies according to customer’s needs and budgets. 

Best Health Insurance Company in India

But, it is really tough work to select the best Health Insurance company for you as there are so many good options available. But don’t worry, we are here to guide you. After doing thorough research, we have gathered a list of the Best Health Insurance Company in India that are trustworthy and reliable. 

These companies promise to give you the best health plans and they offer special features to meet the different needs of their consumer. So grab a cup of coffee and start exploring with us.

One thing to note if a company has a Claim Settlement Ratio (CSR) of more than 85% then it can be considered as a good health insurance company.

Here is the table of the Top-Rated health insurance company in India.

No Insurance Company Foundation Year Headquarters Claim Settlement Ratio For FY 2021-22Network Hospitals 
1Bajaj Allianz Health Insurance Company2001Pune96.59%Over
2Star Health Care Insurance2006Chennai 99.06%Over
3Acko Health Insurance Company2016Bengaluru97.20%Over
4HDFC ERGO Health Insurance Company2002Mumbai 98.49%Over
5IFFCO Tokio Health Insurance Company2000Haryana 89.38%Over
6ICICI Lombard Health Insurance Company2001Mumbai 97.07%Over
7Care Health Insurance Company2012Haryana 100%Over
8Reliance General Health Insurance Company2000Mumbai 98.65%Over
9Niva Bupa Health Insurance Company2008New Delhi 99.99%Over
10Kotak Mahindra Health Insurance Company2015Mumbai 96.90%Over

Bajaj Allianz Health Insurance Company is one of the leading and most popular health insurance providers in India. The company, which was established in 2001 as a joint venture between BAJAJ Finserv Limited and BAJAJ Allianz SE, the top insurer in the world, has established a strong presence in the insurance market with over 10 crore clients, 9000 staff members, 80,000 agents, and 240 bank partners

Through its insurance products, Maharashtra has improved millions of lives throughout the last 20 years of its existence. Bajaj Allianz’s headquarters is in Pune. Customers can choose different types of health insurance like individual health insurance, senior citizen health insurance plans, maternity insurance plans, family health insurance plans, and many more.

  • Founded: 2001
  • Headquarters: Pune
  • Claim Settlement Ratio: 96.59% 99.04%
  • Hospitals Cover: Over 8000
  • Contact: customercare@bajajallianz.co.in, Toll-free:1800-209-7272
  • Official Website: Bajaj Allianz

Star Health, one of the top independent health insurance providers, has an extensive client base and has supported its clients by offering satisfaction and financial stability throughout difficult times. Star Health Insurance offers a range of health insurance solutions, including daycare, AYUSH therapy, Medicare’s finest network of over 14,000 hospitals, domiciliary hospitalization, and much more.

Star Health Insurance company was founded in 2006 and its headquarters is located in Chennai, Tamil Nadu. It is a multinational insurance company, that provides health insurance, accident insurance, and travel insurance. Star Health has a lengthy history of working with several banks and is well-known for its bancassurance business.

  • Founded: 2006
  • Headquarters: Chennai
  • Claim Settlement Ratio: 99.06%
  • Hospitals Cover: Over 14000
  • Contact: info@starhealth.in Tel: 1800 425 2255 / 1800 102 4477
  • Official Website: Star Health

Since its founding in 2016, Acko Health Insurance has quickly become a well-known name in the Indian healthcare insurance market. They provide a selection of cutting-edge, client-focused insurance solutions. To simplify the insurance process, from buying policies to processing claims, Acko has introduced digital platforms. Their headquarters is located in Mumbai, Maharashtra.

Their goal is to make insurance easily accessible and hassle-free. They have established a solid presence in the market because of their dedication to client satisfaction, accessibility, and simplicity. During medical emergencies with zero deduction claims and amazing built-in add-ons, they offer an additional cushion for their customers.

  • Founded: 2016
  • Headquarters: Bengaluru
  • Claim Settlement Ratio: 97.20%
  • Hospitals Cover: Over 7100
  • Contact: hello@acko.com Tel:1800 266 2256
  • Official Website: Acko

A joint venture between ERGO International AG and HDFC Limited is HDFC ERGO Insurance Company. It has grown to be a well-known insurance provider with a large selection of healthcare coverage options. It is well known that HDFC ERGO is dedicated to providing complete and client-focused health insurance coverage. HDFC ERGO was established in 2002 and its headquarters is in Mumbai, Maharashtra. 

The business has a network of more than 200 branches in more than 170 locations. They stand out in the insurance industry for their commitment to innovation, honesty, and client pleasure. HDFC ERGO covers various types of insurance like Health Insurance, accidental insurance, travel insurance, vehicle insurance, etc.

  • Founded: 2002
  • Headquarters: Mumbai
  • Claim Settlement Ratio: 98.49%
  • Hospitals Cover: Over 13000
  • Contact: Tel: 8169500500
  • Official Website: HDFC ERGO

One of the well-known businesses providing a broad range of health insurance options is IFFCO TOKIO Health Insurance Company. This business was founded in 2000 as a joint venture between the IFFCO and the prestigious Japanese corporation Tokio Marine Group. It has established a reputation for being the most complete and reasonably priced health insurance choice available to everybody. 

The company’s goal is to provide high-quality insurance. IFFCO Tokio insurance company provides a wide range of products such as Health Insurance, Home Insurance, Travel Insurance, and more. In their joint venture IFFCO gets 51% and the rest 49% goes to Tokio Marine Group. IFFCO Tokio’s main office is located in Haryana.

  • Founded: 2000
  • Headquarters: Haryana
  • Claim Settlement Ratio: 89.38%
  • Hospitals Cover: Over 7500
  • Contact: support@iffcotokio.co.in Tel: 917993407777
  • Official Website: IFFCO Tokio

The Indian insurance market has seen significant growth for the ICICI Lombard Health Insurance business. It is a joint venture between Canadian Fairfax Financial Holdings Limited and Indian ICICI Bank Limited. The organization provides a broad array of health insurance plans including hospitalization, ambulance charges, daycare procedures, etc. 

It is a general insurance company that was established in 2001 and its headquarters is located in Mumbai, Maharashtra. In their joint venture, ICICI Bank had a 64% share and Fairfax had a 36% share. They have a wide range of insurance products such as Health Insurance, car insurance, home insurance, travel insurance, two-wheeler insurance, weather insurance, etc.

  • Founded: 2001
  • Headquarters: Mumbai
  • Claim Settlement Ratio: 97.07%
  • Hospitals Cover: Over 6700
  • Contact: customersupport@icicilombard.com Tel: 1800 2666
  • Official Website: ICICI Lombard

Care Health Insurance is a specialist standalone business in India that was originally known as Religare Health Insurance. Since its founding in 2012, Care Health has worked to ensure that all citizens have access to high-quality healthcare. They provide very creative health insurance plans that address the various healthcare requirements of both individuals and families. 

In the Indian insurance market, Care Health Insurance has made a name for itself by placing a high value on client pleasure and moral business conduct. The headquarters of care health insurance is located in Gurgaon, Haryana. They have approximately 158 offices in India with over 8000 employees.

  • Founded: 2012
  • Headquarters: Haryana
  • Claim Settlement Ratio: 100%
  • Hospitals Cover: Over 20800
  • Contact: 8860402452
  • Official Website: Care Health

Reliance Health Insurance is a Reliance Anil Dhirubhai Ambani Group company and a subsidiary of Reliance Capital. The organization was founded in 2000 and currently has over 139 offices and over 50,000 intermediaries across the nation. 

To satisfy their healthcare demands, they provide a large selection of health insurance products, including critical illness plans, individual plans, family floater plans, and group medical health insurance policies. They offer a wide range of insurance products like health insurance, vehicle insurance, travel insurance, Home insurance, and many more. The company was founded by Anil Ambani and its headquarters is located in Mumbai.

  • Founded: 2000
  • Headquarters: Mumbai
  • Claim Settlement Ratio: 98.65%
  • Hospitals Cover: Over 8600
  • Contact: rgicl.services@relianceada.com Tel: +91 22 48903009​
  • Official Website: Reliance General

Niva Bupa Health Insurance Company is a popular Indian insurance company that was founded in 2008 and its headquarters is located in New Delhi. Formerly known as Max Bupa Health Insurance Company Limited, Niva Bupa Health Insurance Company Ltd. is a joint venture between the Indian private equity firm Fettle Tone LLP and UK-based healthcare services company Bupa Singapore Holdings Pte. Limited.

The insurance provider offers a variety of cost-effective health insurance policies to meet the needs of both individuals and families. This company offers several well-liked health insurance policies, including MoneySaver Policy, Health Premia, Health Companion, and ReAssure.

  • Founded: 2008
  • Headquarters: New Delhi
  • Claim Settlement Ratio: 99.99%
  • Hospitals Cover: Over 8500
  • Contact: 1860-500-8888​
  • Official Website: Niva Bupa

After being granted a license by the IRDAI, Kotak Mahindra Health Insurance, a division of Kotak Mahindra Bank, joined the industry in 2015. Although Kotak Mahindra has a long history in the financial industry, the company is now diversifying into the health insurance market with new products and services. 

They provide a wide range of reasonably priced health insurance policies with many coverage alternatives. The headquarters of Kotak Mahindra Insurance Company is in Mumbai, Maharashtra. They provide various Insurance services, such as Health Insurance, Home Insurance, and Vehicle Insurance

  • Founded: 2015
  • Headquarters: Mumbai
  • Claim Settlement Ratio: 96.90%
  • Hospitals Cover: Over 7000
  • Contact: care@kotak.com Tel:1800 266 4545
  • Official Website: Kotak Mahindra

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Health insurance, also referred to as medical insurance plans or policies, is a crucial financial tool that pays for medical care for illnesses, injuries, and other conditions. It ranges from basic hospitalization coverage to comprehensive policies with additional benefits like death benefits and preventive medical care.

Choosing the appropriate health insurance guarantees that, in the event of an unexpected sickness or injury, you and your family will be financially secure. We have covered the top 10 best health insurance companies in India. Hope this article helped you a lot to make a wise decision.

Best health insurance in India
  1. What are the Best Health Insurance Company in India?

Answer: Some top and best health insurance service providers are Bajaj Allianz, Star Health, Acko Health Insurance, HDFC ERGO Health Insurance, Care Health Insurance, IFFCO Tokio Health Insurance, ICICI Lombard Health Insurance, etc.

  1. Which health insurance company has the highest claim settlement ratio in India?

Answer: Care Health Insurance has the highest claim settlement ratio of 100% in India.

  1. Which is the best health insurance for a family?

Answer: Bajaj Allianz is one of the best health insurance companies. They have a wide range of plans for your family according to your budget.

  1. What are the 4 most important insurances?

Answer: Experts say there are four types of insurance that you must have. These are life insurance, health insurance, long-term disability insurance, and vehicle insurance.

  1. Which health insurance company has the highest market share in health insurance?

Answer: Surveys indicate that Star Health is among the top health insurance providers in the retail health insurance sector, holding the most market share. HDFC Ergo General finished in a distant second with 10% of the total gross premium collection, while Star Health took home 31% of the total.

  1. Which age is best for health insurance?

Answer: When Is the Appropriate Time to Purchase Health Insurance? You should purchase health insurance coverage between the ages of mid-twenties and early thirties. You are probably in the finest health of your life at this age, and you won’t have any family financial obligations.

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