Top 10 Best Health Insurance Companies in India 2020 (Benefits Explained)

Investing in a health insurance policy is no more an option, it’s a necessity. But With so many policy providers out there, choosing one could indeed be a difficult challenge. When indecisiveness in this regard takes over you, all you need is some guidance. And that’s what we bring to you here, the right guidance to help you pick from the Top 10 Best Health Insurance Companies in India.

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Top 10 Best Health Insurance Companies in India

Apollo Munich Health Insurance Company Limited

For amazing plans at unbeatable rates, Apollo Munich could be your go-to option. This company has one of the widest range of schemes in offer in all the categories like senior Citizen, family, and individual health insurance. They serve really well and their customer support team is prompt and helpful. They are technologically advanced and have a great website and app in place.

Star Health & Allied Insurance Company Limited

This reputed company is well known for its claim settlement record, which is exceptionally impressive. And this makes them one of the Best Health Insurance Companies in India. Their great customer support can help you with all your queries and doubts. The company also has many scheme offerings for its customers; starting from a sizeable family health insurance policy to a tiny top-up plan, you can avail of almost anything as per your needs.

Max Bupa Health Insurance Company Limited

Their health insurance policies are interesting and unique, to be best described. They are definitely one of the Top 10 Best Health Insurance Companies in India. Starting from addressing grievances and selling policies to settling claims, they do all things efficiently. Also, if variety in plans is your priority, then Max Bupa could be a great choice.

ICICI Lombard General Insurance Company Limited

They make buying health insurance easy for customers with their digitally powered services. They also settle claims really well. ICICI Lombard is one of the biggest private health insurance companies in India and is definitely among the Top 10 Best Health Insurance Companies in India for all valid reasons.

Religare Health Insurance Company Limited

This company boasts of a huge network of hospitals (more than 5,000), and is popular for its exceptionally high claim ratio. The services are affordable. And with tailored plans, you can really get what you desire. The availability of online plans makes it easy for people to purchase policies directly from their website. Also, want tax benefits? You can claim it under Section 10(10D) of the Income Tax Act, 1961.

Manipal Cigna Health Insurance Company

It is certainly among the top insurance providers, with one of the lowest policy rates. Their affordability is the most prominent reason why they make it to this list of best companies. They also provide you with a lot of options to pick from.

Bajaj Allianz General Insurance Company Limited

The USP of Bajaj Allianz is its reputation and stability. The company has a network of more than 6500 medical facilities across the country. For speedy claim settlement, they have an in-house team to address related issues. Facilities like online settlement and purchase of plans are also available. Further, you can enjoy tax benefits with your plan. What more? Plans, especially targeting women, and that cover 8 critical illnesses, are available for purchase.

New India Assurance Company Limited

New India is one of the oldest yet Best Health Insurance Companies in India, primarily because of its trustworthiness. What you will like most about this company is that it operates on high standards of work ethics. Besides, you find one of the best claim settlement ratios here.

Oriental Insurance Company Limited

This, again, is an old insurance provider, and has a trust factor associated with its name. Its customer support department is one of the best you will come across, so you can get your doubts and queries resolved quickly. They also have a wide variety of policy options to choose from.

National Insurance Company Limited

Talking about old insurance providers, this one definitely deserves a special mention. With unique facilities like pre-policy checkup, online availability, diligent customer care and tax benefits, it really stands out. Is there more? Yes, it has a good claim settlement ratio too.

Things to consider while choosing a Health Insurance Policy-

  • The first thing to consider is the individual or group for which the policy is needed. Different policies are meant for different entities, and hence, figuring out who you want the policy for is crucial.
  • The ease of settlement should also be checked, so that there is no delay in receiving the due.
  • Also, don’t ignore the cost of the policy, as there is no dearth of good policies being provided at agreeable rates.
  • Policies are difficult to understand, so a good customer support team could make things easier for you.
Sr. No.Health Insurance CompaniesBenefits
1Apollo Munich Health Insurance Company Limited# Amazing plans at unbeatable rates

# widest range of schemes in offer in all the categories like senior Citizen, family, and individual health insurance
2Star Health & Allied Insurance Company Limited# The company also has many scheme offerings for its customers; starting from a sizeable family health insurance policy to a tiny top-up plan

# Best Claim Settlement ratio in the Country
3Max Bupa Health Insurance Company Limited# Starting from addressing grievances and selling policies to settling claims

# A lot of policy options to choose from
4ICICI Lombard General Insurance Company Limited# ICICI Lombard is one of the biggest private health insurance companies

# Buying policy is very easy with proper customer support
5Religare Health Insurance Company Limited# This company boasts of a huge network of hospitals (more than 5,000)

# Online Plans availability
6Manipal Cigna Health Insurance Company# Lowest Policy Rates

# Wide Options to Pick from
7Bajaj Allianz General Insurance Company Limited# Has a network of more than 6500 medical facilities

#Speedy Claim Settlement

# Plans, targeting women that cover 8 critical illnesses
8New India Assurance Company Limited# Best Claim Settlement Ration

# Operates on high standards of work ethics
9Oriental Insurance Company Limited# Wide variety of policy options to choose from

#Great Customer Support
10National Insurance Company Limited# Unique facilities like a pre-policy checkup, online availability, diligent customer care.

# Good Settlement Ratio

As the old adage goes, “Health is wealth,” there is really nothing more important than this. So, choosing a good policy is not sufficient, you will also have to be sure of the reputation of the company that provides it. The above 10 providers are a great place to start. All of them are reputed and provide great services. All you need is to choose one based on your specific requirements, and you are good to go.

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