Health Insurance 517 views March 11, 2021

Health insurance has now become every individual’s priority amid the  increasing costs of medical treatment. It ensures you don’t have to pay for the treatment. Many insurers offer health insurance plans, but if you are new to this field, you may require help from experts such as Wishpolicy, a renowned online portal offering tips on insurance products, to choose the best health insurance company. Of the many, we have picked the top 5 health insurance companies offering a wide range of  policies along with attractive claim settlement ratio, low premium amount and high sum insured. Let’s read further and know in detail about the top 5 health insurance companies.

Health Insurance

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Max Bupa Health Insurance

Max Bupa is a joint venture between True North, a well-established top private equity firm, and Bupa, which has expertise in healthcare. At Max Bupa, customers get instant claim settlement for their health expenses with the facility of reimbursement and cashless claim. As per the Insurance Regulatory and Development Authority of India (IRDAI), Max Bupa claim settlement ratio is 89.43% as on 31st March, 2019.

Table Showing the List of Max Bupa Health Insurance Plans

Policy NameMinimum Yearly Premium Amount (In INR)Sum Insured (In INR)
Health Premia – Family Health Insurance Plan12,488Up to 3 Crore
Health Companion - Family Health Insurance Plan5,085Up to 1 Crore
GoActive™ – Family Health Insurance Plan13,352Up to 25 Lakh
Heartbeat – Family Health Insurance Plan16,414Up to 1 Crore
Health Recharge – Family Health Insurance 3,762Up to 95 Lakh
Health Pulse – Family Health Insurance 8,339Up to 10 Lakh
Money Saver – Family Health Insurance Plan8,181Up to 1 Crore
ReAssure – Family Health Insurance Plan9,111Up to 1 Crore
Arogya SanjeevaniAs specified by the insurerUp to 5 Lakh
CritiCare – Critical Illness Insurance Policy12,521Up to 2 Crore

Star Health and Allied Insurance

Star Health provides you innovative products with the best in class services supported by a 24×7 multilingual call center and dedicated claim assistance. Customers can seek cashless treatment at 10200+ network hospitals across India. Also, you will get a hassle-free in-house claim settlement service without TPA, from Star Health. As per the IRDAI 2018-19 annual report, Star Health and Allied Insurance claim settlement ratio is 78.15%.

Table Showing the List of Star Health Insurance Plans

Policy NameMinimum Yearly Premium Amount (In INR)Sum Insured (In INR)
Star Comprehensive Insurance Policy7,015Up to 1 Crore
Senior Citizens Red Carpet Health Insurance Policy4,450Up to 25 Lakh
Medi classic Insurance Policy (Individual)4,015Up to 25 Lakh
Super Surplus Insurance Policy9207 Lakh and 10 Lakh for Silver Plan
&
Up to 25 Lakh for Gold Plan
Family Health Optima Insurance Plan4,605Up to 25 Lakh
Star Health Gain Insurance Policy15,000Up to 50,000

Care Health Insurance

Care Health provides health insurance policies for corporate employees and individual customers. With its effective application of technology, it delivers excellent customer servicing, product innovation, and value-for-money services. So if you are thinking about getting health insurance, consider Care Health Insurance among your list. The company’s claim settlement ratio is 92.58% as on March 31, 2019.

Table Showing the List of Care Health Insurance Plans

Policy NameSum Insured (In INR)
Care FreedomUp to 10 Lakh
Care HeartUp to 10 Lakh
Domestic Staff Insurance Add-onUp to 5 Lakh
Care EnhanceEnhance I - up to 30 Lakh
Enhance 2 - Up to 55 Lakh
Care Joy3 Lakh or 5 Lakh
Care SecureUp to 25 Crore
Care Super MediclaimUp to 6 Crore
Grameen CareUp to 50,000
Care AssureAbove 3 Crore

Note – The premium for the above-mentioned Care Health Insurance policies is not shown on the company’s website. It will depend on the insurer’s underwriting norms.

HDFC Ergo Health Insurance

HDFC Ergo has established a strong position in the health insurance market by having serviced over 1.5 Crore happy customers. For the convenience of customers, it provides access to 10,000+ cashless hospitals in India. It will take hardly 20 minutes for your cashless claim approval. HDFC Ergo claim settlement ratio is 90.32% as on 31st March 2019.

Table Showing the List of HDFC Ergo Health Insurance Plans

Policy NameMinimum Yearly Premium Amount (In INR)Sum Insured (In INR)
Day2Day Care6,903As specified by the insurer
Maxima12,6823 Lakh
Easy Health FamilyAs specified by the insurerUp to 50 Lakh
Easy Health IndividualAs specified by the insurerUp to 50 Lakh
Dengue Care44450,000 or 1 Lakh
Energy Health4,597Up to 50 Lakh
iCan Insurance685Up to 50 Lakh
Health WalletAs specified by the insurerUp to 50 Lakh
Optima Restore4,679Up to 50 Lakh
myhealth Suraksha4,192Up to 75 Lakh
Corona Kavach300Up to 5 Lakh
Arogya Sanjeevani2,785Up to 10 Lakh

Aditya Birla Health Insurance

Aditya Birla, till now, has insured 8.9 million lives under its health insurance plans. The attractive features of this health insurance company are its 8,000+ network hospitals, instant claim settlement, 29,700+ advisors, etc. As per the IRDAI annual report 2018-19, Aditya Birla Health Insurance claim settlement ratio is 72.80%.

Table Showing the List of Aditya Birla Health Insurance Plans

Policy NameMinimum Yearly Premium Amount (In INR)Sum Insured (In INR)
Aditya Birla Activ - Assure Diamond2,774Up to 2 Crore
Aditya Birla Activ Health Platinum Essential PlanAs specified by the insurerUp to 2 Crore
Aditya Birla Activ Health Platinum Enhanced PlanAs specified by the insurerUp to 2 Crore
Aditya Birla Activ Secure Personal Accident PlanAs specified by the insurerUp to 10 Crore
Aditya Birla Activ Secure Critical Illness PlanAs specified by the insurerAs specified by the insurer
Aditya Birla Activ Secure Hospital Cash PlanAs specified by the insurerAs specified by the insurer
Aditya Birla Activ Secure Cancer PlanAs specified by the insurerAs specified by the insurer
Aditya Birla Activ Care Senior Citizen Plan10,871 1As specified by the insurer
Aditya Birla Group Activ Health PlanAs specified by the insurerAs specified by the insurer

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