Which Private Health Insurance Provider is the Best?

Health insurance, which insures individuals and their families against medical emergencies, is offered by both public and private sector enterprises. In case you wish to join a private insurer, you can choose from the list of best private health insurance companies shown in this post. These companies have impressive health covers along with high claim settlement ratio. Let’s compare their features and benefits shown below and choose the suitable one for you.

Star Health and Allied Insurance Company

Buying health insurance from Star Health means you are protecting yourself, your family or your parents against medical expenses. The following is the list of policies that are available at Star Health –

1. Senior Citizen Red Carpet Health Insurance
2. Star Comprehensive Insurance Plan
3. Star Surplus Insurance Policy
4. Star Family Health Optima Insurance Plan
5. Star Medi classic Insurance Policy (Individual)
6. Star Health Gain Insurance Policy
7. Star Diabetes Safe Insurance Policy
8. Star Cardiac Care Insurance Policy
9. Star Cancer Care Gold 
10. Star Care Micro Insurance Policy
11. Star Criticare Plus Insurance Policy
12. Star Family Delite Insurance Policy
13. Star Special Care
14. Star Micro Rural and Farmers Care
15. Star Hospital Cash Insurance Policy
16. Star Outpatient Care Insurance Policy
17. Young Star Insurance Policy
18. Star Novel Coronavirus (nCoV) (COVID-19) Insurance Policy
19. Star Arogya Sanjeevani Policy
20. Star Corona Rakshak Policy

The company’s claim settlement ratio is 78.15% for the financial year 2018-19, as per the Insurance Regulatory and Development Authority of India (IRDAI) annual report. Star Health Insurance premium amount will start from INR 1,170 per year.

HDFC ERGO General Insurance Company

HDFC Ergo is a suitable insurer for you because it has the following features –

1. 24×7 Customer Support Service – For any query call 022 6234 6234
2. Instant Policy Approval – Within a few hours, you can get your health insurance approved
3. No Paperwork – With HDFC Ergo online services, now everything is digital, so just upload the required documents and relax!
4. Transparency in Claim Settlement – There Is nothing hidden from the customer in case of claim settlement. You can track your claim status online as well.
5. No room Rent Capping – Most of us get worried about the room rent charges when we get hospitalized, but no such worries will be there when you purchase health insurance from HDFC Ergo.
6. Cashless Home Healthcare – Your home care treatment shall also be cashless, so don’t pay upfront because HDFC Ergo health insurance has got everything covered
7. Free Health Check-ups on Renewal – At each policy anniversary, you will get the benefit of health check-up coverage under HDFC Ergo health insurance plans
8. No medical Tests upto 45 Years – If your age is under 45 years and you have no medical history, you don’t need to go through the pre-accident medical test to purchase HDFC Ergo health insurance.
9. 90% Reimbursement within 7 days – In case you seek reimbursement under HDFC Ergo, 90% of your claim amount shall be assured to your bank account within 7 days from the date of claim approval.

List of health insurance plans available at HDFC Ergo

1. HDFC Ergo Day2Day Care
2. HDFC Ergo Maxima
3. HDFC Ergo Easy Health Family
4. HDFC Ergo Easy Health Individual
5. HDFC Ergo Dengue Care
6. HDFC Ergo ENERGY Health Insurance
7. HDFC Ergo iCan Insurance
8. HDFC Ergo Health Wallet Insurance
9. HDFC Ergo Optima Restore
10. HDFC Ergo Optima Senior
11. HDFC Ergo Optima Super
12. HDFC Ergo my:health Suraksha
13. HDFC Ergo Corona Kavach Policy
14. HDFC Ergo Arogya Sanjeevani Policy
15. HDFC Ergo my:health Women Suraksha
16. HDFC Ergo my:health Medisure Super Top Up
17. HDFC Ergo Critical Illness
18. HDFC Ergo Health Suraksha Top Up
19. HDFC Ergo Health Suraksha Top Up Plus

HDFC Ergo claim settlement ratio is 90.32% for the financial year 2018-19, as per the IRDAI annual report, and the company will take only 20 minutes for your cashless claim approval.

ICICI Lombard General Insurance Company

Customers love purchasing health insurance from ICICI Lombard General Insurance Company because here they will get the policy instantly with the following benefits –

1. No medical checkup
2. Cover for illnesses including COVID-19
3. 6500+ cashless hospitals

The following are the available health insurance plans from ICICI Lombard –

1. ICICI Lombard Complete Health Insurance
2. ICICI Lombard Health Booster
3. ICICI Lombard Arogya Sanjeevani Policy

From this insurance company, you will get coverage up to INR 50 Lakh, and as per the IRDAI annual report 2018-19, the ICICI Lombard claim settlement ratio is 79. 98%.

Care Health Insurance Company

From Care Health Insurance, you will get a wide range of health insurance policies, 24×7 customer support service, access to 15,500+ network hospitals, and direct claim settlement. As per the information given on the Care Health official website, its claim settlement ratio is 92.3%, which indicates the claim can be settled easily here. The following is the list of plans that you can purchase from Care Health –

1. Care Health Insurance for Individual & Family
2. Care Freedom
3. Care Advantage
4. Arogya Sanjeevani
5. Care Heart
6. Care Senior
7. Care Enhance
8. Care Joy
9. Corona Kavach

Care Health Insurance will determine your premium amount based on your age, gender, lifestyle and medical history. You will get a financial cover against healthcare expenses up to INR 6 Crore from Care Health.

Bajaj Allianz General Insurance Company

Bajaj Allianz gives you financial protection against medical emergencies with its health insurance plan. Purchasing an insurance plan from Bajaj Allianz means you will get the following benefits –

1. Cashless treatment at 6500 + network hospitals
2. Health insurance coverage up to INR 50 Lakh
3. In-house claim settlement service
4. Claim settlement within 60 minutes of its approval

The following is the list of plans available at Bajaj Allianz –

1. Individual Health Insurance
2. Family Health Insurance
3. Critical Illness Insurance
4. Health Insurance for Senior Citizens
5. Health Infinity Plan
6. Top Up Health Insurance
7. M Care Health Insurance
8. Hospital Cash
9. Arogya Sanjeevani Policy
10. Comprehensive Health Insurance
11. Tax Gain
12. Health Ensure
13. Star Package Policy

According to the IRDAI annual report 2018-19, the Bajaj Allianz claim settlement ratio is 88.35%. And the Bajaj Allianz Health insurance premium starts from INR 160 per year.