Started in 1986 in India, the health insurance industry has seen exponential growth in the country. As of now, there are 30 insurance companies in the country that offer health insurance products.
Out of these, 25 are General Insurance Companies in India offering health insurance plans and 5 are Standalone Health Insurance companies.
A general insurance company deals in various insurance products such as travel insurance, motor insurance, health insurance, rural insurance, etc. except life insurance, whereas a standalone health insurance company deals only in health insurance.
- 1. IFFCO Tokyo General Insurance: Founded in the year 2000, IFFCO Tokyo General Insurance is a joint venture between Indian Farmers Fertilizer Cooperative Limited (IFFCO) and Tokyo Marine Group. The former is the world’s largest fertilizer manufacturer and th
- It is a general insurance company that apart from health insurance plans, sells car insurance plans, bike insurance plans, travel insurance plans, home insurance plans, and corporate policies like property insurance and liability insurance. The insurer offers a wide range of health insurance plans including individual health insurance plans, family floater health insurance plans, and senior citizen health insurance plans.
- Care Health Insurance: Care Health Insurance, earlier known as Relegate Health Insurance, is a joint venture of Reliance Enterprises Limited, Union Bank of India, and Corporation Bank. The company is a standalone health insurance company that offers a wide range of health insurance plans to cater to varied requirements of the policy buyers.
- These include individual health insurance plans, maternity health insurance plans, family floater health insurance plans, senior citizen health insurance plans, and critical illness health insurance plans. Some of the popular health insurance plans offered by the insurer include Care Freedom, Care, and Care Senior Policy. These plans come with different features and coverage benefits that suit different requirements of individuals at affordable premiums.
- Magma HDI Insurance: Magma HDI General Insurance Co. Ltd. is a joint venture of Magma Fencer Limited, and HDI Global SE Company, and is a popular insurance company in India. It has an impressive claim settlement ratio and offers a wide range of health insurance plans to fulfil different requirements of people.
- Apart from health insurance plans, it also offers other insurance products like fire insurance plans, marine insurance, motor insurance, etc. The insurer has a pan India presence with more than 135 offices in different states. Under its health insurance plans, the insurer offers wide coverage against various major healthcare expenses such as in-patient hospitalization expenses, pre-hospitalization and post-hospitalization expenses, daycare expenses, etc.
- The Oriental Insurance Company: Founded in 1947, the Oriental Insurance Company offers multiple health insurance products to its customers. The insurer has its head office in New Delhi and more than 29 regional offices and around 1,800 offices in different cities of the country.
The insurer also conducts overseas operations in Nepal, Dubai, and Kuwait. Health insurance plans offered by the insurer are suitable for people living in rural areas, as well in urban areas. The insurer has a wide network of hospitals where you can avail cashless treatment without paying anything for the treatments covered under the policy. The insurer offers affordable health insurance plans and is hence preferred by many.
5. New India General Insurance: New India General Insurance is a multinational general insurance company that is headquartered in Mumbai, India and operates in 28 countries. The insurance company has more than 250 products including different types of health insurance plans for different sections of the society.
The plans are affordable and cover you for several healthcare expenses such as in-patient hospitalization expenses, pre-hospitalization and post-hospitalization expenses, daycare expenses, organ donor expenses, road ambulance expenses, etc. The policies are available at affordable premiums and you can avail cashless treatment under them, at the network hospitals.
6. Bajaj Allianz General Insurance: Bajaj Allianz General Insurance is another popular insurance company with an impressive claim settlement ratio. It is a joint venture of Allianz SE, and Bajaj Fiserv Limited. One of the largest private insurers in the industry, Bajaj Allianz has its offices in more than 11 cities and towns. The insurer offers a wide range of insurance products, of which health insurance is one.
With more than 6,500 network hospitals, the insurer offers cashless treatment to the insured under its health insurance plans. One can avail individual health insurance plans, family floater health insurance plans, senior citizen health insurance plans, maternity health insurance plans, etc. Over the years, the insurer has won several awards and accolades, which prove that the insurer offers reliable products to its customers.
7. Max Buda Health Insurance: Max Buna Health Insurance is one of the most popular standalone health insurance companies in India. People choose this insurer to buy health insurance plans that cover them as well as their families at affordable premiums. The Insurance company has multiple health insurance plans that cater to different requirements of individuals and families at affordable premiums.
The plans come with different features and coverage benefits that you can choose as per your budget and other requirements. Some popular health insurance plans offered by the insurer are Health Premia, Health Companion, Reassure, and Money Saver Policy. These come with different sum insured options, that you can choose as per your requirement.
8.Navi Health Insurance: Navy Health Insurance is a new age online insurance company that offers different types of health insurance plans to fulfil varied health insurance needs of people. Started operating in 2017, the insurance company is a wholly owned subsidiary of Navy Technologies. It aims to make health insurance simple, affordable, and accessible to Indians. It is a general insurance company that apart from health insurance, also offers car insurance plans, bike insurance plans, property insurance plans, gadget insurance plans, and commercial insurance plans.
It has more than 10,000 network hospitals where you can avail cashless treatment without any hassle. The insurance company has a hassle claim settlement process and hence many people look up to this insurer for their health insurance needs.
9.HDFC Ergo General Insurance: HDFC Ergo general Insurance is a trustworthy insurance company that offers a wide range of health insurance plans. These include individual health insurance plans, family floater health insurance plans, senior citizen health insurance plans, maternity insurance plans, health insurance for children, etc.
The insurance company has a wide network of hospitals where the insured can avail cashless treatment without any hassle. The insurer has a helpful customer support team that solves the customers grievances.
10.ManipalCigna Health Insurance: A standalone health insurance company, ManipalCigna Health Insurance that was corporate in the year 2014. The insurance company offers a wide range of health insurance plans offering comprehensive coverage to the insured that cater to varied requirements of individuals.
It is a trusted insurance company that provides varied insurance solutions such as personal accident plans, top-up health insurance plans, individual health insurance plans, daily cash plans, etc.
