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With plenty of insurance providers offering their products in the market, it may quite difficult for one the choose the best option. Having said that, please find the below health insurers that offer comprehensive and affordable insurance policies.
A joint venture of Aditya Birla Group and MMI Holdings of South Africa, Aditya Birla Health Insurance Company Ltd. is one of the famous names in the insurance domain. The provider has a wide-spread presence in 650 cities with more than 17000 direct selling agents. The insurer offers some comprehensive health insurance solutions to cater to the needs of different individuals. Activ Health Platinum, Activ Assure, Activ Care, Active Secure etc. are some of the health insurance plans one can consider.
Based in Pune, Bajaj Allianz General Insurance Company is a merger between two large entities namely Bajaj Finserv Limited and Allianz SE. In the health insurance sector, the insurer is quite popular for its robust growth. As of 2019, Baja Allianz has registered a net profit of 780 crore with a revenue of Rs 11,097 crore collected. Health insurance plans offered by the insurer can be categorized into individual, family floater, critical illness, global personal accident, Arogya Sanjeevani policy etc. which can be availed as per one’s insurance needs.
Bharti AXA is a famous insurance provider which is a joint venture of Bharti Enterprises and AXA Group. The company has 51% shares form Bharti Enterprises and 49% stake from AXA. With a PAN India presence of 135 branches, the insurer strives for offering most comprehensive and pocket-friendly insurance products. Health insurance products offered by Bharti AXA are comprehensive in nature with a wide sum insured option up t 1 crore.
Being the health insurance arm of Religare Enterprises Ltd., Religare Health Insurance is another famous brand in the insurance sector. The insurer currently offers products in the retail segment such as Health Insurance, Personal Accident Insurance and Maternity insurance, Top-up Coverage, Critical Illness, Group Health Insurance, Group Personal Accident Insurance for corporates.
Cholamandalam is one of the renowned insurance companies in India. The company is a joint venture between Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan. Apart from health insurance, the insurer also offers other insurance products in the domain such as Motor, Travel, Property, Accident, SME and group insurance. Chola MS Health insurance policy provides financial support for hospitalization expenses incurred for the treatment of ailments, surgery or accidental hospitalization costs.
Led its foundation stone in the year 2016, Digit General Insurance Company is backed by a Canadian financial company Fairfax. Having its headquarter in Bengaluru, the insurer provides insurance solutions in the domain such as health, motor, travel, home mobile etc. Digit health insurance products are comprehensive in the market and can be easily availed through its digital portal.
Edelweiss Health Insurance is among the leading insurers that offer affordable and comprehensive insurance policies. When it comes to health insurance, the insurer strives for offering extensive coverage up to 1 crore. With 3 plan options, Edelweiss Health Insurance add-on cover Health 241 is a unique feature, where if you continue with a claim-free year for the first year, the insurer will cover you free for the second year.
Future Generali India Insurance Company is a joint venture of two leading business entities- Future Group and Generali Group. Over 125 branches across India, around 13.8 lakh policies and with a robust 95.15% claim settlement ratio, the insurer offers some innovative insurance solutions which are designed to cater to every genre. Health insurance products offered by Future Generali can be bought for individuals, families, senior citizens health insurance etc.
HDFC Ergo General Insurance Company is a merger between HDFC Ltd. and Ergo International AG. It marked its first merger in the sector of sector insurance in August 2017 with IRDA’s approval. With a huge network of 122 branches spreading over 106 cities, the insurer has spread its wings in domains like health, motor, travel, home, personal accident, property, SME etc.
Founded in the year 2000, IFFCO Tokio General Insurance Company is a joint venture of Indian Farmers Fertiliser Co-operative Ltd. and Tokio Marine Group. With a ratio of 51:49 shares from both, the company offers a comprehensive list of products is the domains such as health, travel, motor, home, corporate and SME. The company is the first organization to established Bima Kendras to boost insurance penetration in rural areas.
Known as 100% subsidiary of Kotak Mahindra Bank, Kotak Mahindra General Insurance was founded with the motive to serve the non-life segment of insurance in India. The company has 13 branches spread across the country for providing a range of non-life insurance services including motor insurance, health insurance etc.
The company is a joint venture between Liberty City state holdings PTE Ltd, Liberty Mutual Insurance Group and Liberty Industries Limited. Started its operations in the year 2013 for offering services in the retail sector. Some of the figures that speak about the company’s potentials include- more than 1200 employees, 97 branches in 95 cities, tie-ups with more than 5000 hospitals etc.
Founded in the year 2008, Max Bupa is an Indian general insurance company, headquartered in New Delhi. It is the result of a merger between Max India Limited and a British healthcare MNC, Bupa. Max Bupa health insurance products are comprehensive in nature, which can be bought for individuals, families, senior citizens with an extensive sum insured.
With Manipal Cigna Health Insurance, one can secure long-term financial goals. The insurer is famous for providing some innovative insurance policies catering to the various needs of the individuals. Some of the unique features of Manipal Cigna health insurance are maternity benefit, restoration of sum insured, cashless hospitalisation in more than 6500 network hospitals, rewarding wellness program etc. which make the insurer a good pick.
Famous as India’s oldest general insurance company, National Insurance was founded in the year 1906 in Kolkata. The company is well-spread in different parts of the country, with its global presence in Nepal. Health insurance policies offered by the insurer are especially designed for individual health insurance, family health insurance, senior citizens, international medical, employment insurance etc.
Founded in the year 1919 by Sir Dorab Tata, New India Assurance Company is one of the popular general insurers in India. The company claims to have a global gross premium for the financial year 2018-19 was Rs 28017 crore. With network offices of 2395, the insurer also has global presence in countries like Japan, Hong Kong, Philippines, Thailand, Australia, UK, New Zealand, Fiji, Mauritius etc. Ne India offers comprehensive health insurance with affordable health insurance premiums, which are loaded with unique features and benefits.
Incorporated in 1947 in Mumbai, Oriental Insurance is a 100% subsidiary of Oriental Government Security Life Assurance Company Ltd., which was founded to carry out non-life insurance services. The insurer has 31 regional offices, 1800+ operational offices in the country with a global presence in countries like Nepal, Kuwait and Dubai. The insurer offers insurance services in the domain such as motor, health, personal accident, public liability, SME, rural, marine etc.
A joint venture between Rajan Raheja Group and QBE Insurance, Australia. Raheja QuBE offers some customer-friendly insurance policies. Agility, customer centricity, innovation, collaboration, trust etc. are some of its USPs, which the insurer strives for. Health insurance policies of Raheja are comprehensive in nature that helps in mitigating those additional expenses arising out of a medical emergency.
It is the first private sector general insurance company incorporated in the year 2000. The insurer is merger between Sundaram Finance and other Indian Shareholders. Royal Sundaram offers insurance solutions in the retail sector for Motor, Health, Travel, Personal Accident, Home and Travel Insurance to individual customers. It also offers specialized insurance products in fire, marine, engineering, liability and business interruption risks to commercial customers.
With 139 offices and more than 28,900+ intermediaries in India, Reliance General Insurance is counted among the top general insurers in India. The insurer makes necessary arrangements for affordable insurance accessible to all individuals. Apart from health insurance, the provider also offers comprehensive coverage for retail spaces such as motor, travel, home, corporate and SME
Commencing its operations in the year 2006, Star Health is India’s first standalone company that offers health insurance. At its initial stage, offered services in health, personal accident and international travel insurance. Star health insurance is a unique product that caters to the needs of an individual, family or corporates. Currently, the insurer has more than 550 offices across India.
Founded in the year 2010 as a joint venture of State Bank of India and Australia Group, SBI General Insurance Company is a renowned name. The insurer offers a range of general insurance products both in the retail and commercial spaces including motor, travel, health, personal accident, home insurance etc.
TATA AIG General Insurance Company started its operations in the year 2001as a merger between Tata Group and American International Group (AIG). TATA AIG offers an array of comprehensive general insurance products under its two business verticals namely Consumer Lines and Commercial Lines. Health insurance products are to be availed for individual, family, women as individual policy, floater policy, critical illness, executive policy etc.
United India Insurance Company is fully backed by the Indian government, with its headquarter in Mumbai. The company was founded in the year 1983 and was nationalised in 1972, when 12 Indian, 5 international insurance companies and General Insurance operations of the southern region of Life Insurance Corporation of India were merged. Since then the company has been grown by leaps and bounds with over 2276 offices providing insurance coverage to 1.74 crore policyholders.
Based in Mumbai, Universal Sompo is a public-private joint venture of two nationalized banks namely Allahabad Bank and Indian Overseas Bank, one private sector bank Karnataka Bank, FMCG namely Dabur Investment Corp and a leading Japanese general insurer Sompo Japan Nipponkoa Insurance Inc. It is the first public-private collaboration in the general insurance sector. The insurer offers a range of comprehensive insurance products in the segments of health, motor, commercial, Bancassurance, PMFBY, Miscellaneous etc.
Disclaimer: Paisawiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.