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Friday, November 19, 2021

Top 10 Best Health Insurance Company in India 2021

According to year 1986 in India, the health insurance industry has seen exponential growth in the country. Currently in India  there are 30 insurance companies in the country that offer health insurance products.

Out of these 30 insurance company , 25 are General Insurance Companies in India offering best insurance plans to peoples and 5 are Standalone Health Insurance companies. An insurance firm deals in various insurance products like travel insurance, motor insurance, health insurance, rural insurance, etc.Where standalone insurance company deals only in insurance .

Top 10 Highly Rated insurance Companies in India 2021:

Here are some details of top 10 best rated insurance companies as per the Claim Settlement ratio, as tabulated below are as follows:

1. IFFCO Tokio General Insurance : According to the field analysis of 2000, IFFCO Tokio General Insurance is a joint venture between Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Tokio Marine Group. We all know that farmer is that the world's largest fertilizer manufacturer and therefore the latter is one among the most important insurance groups in Japan. Nearly IFFCO holds almost of 51% in the company and the remaining 49% is held by the Tokio Marine Group. It's a general insurance firm that aside from insurance plans, sells automobile insurance plans, bike insurance plans, travel insurance plans, home insurance plans, and company policies like property insurance and liability insurance. The insurer offers a good range of insurance plans including individual insurance plans, family floater insurance plans, and oldster insurance plans.

2. Care Health Insurance: Care Health Insurance, earlier we all know this as Religare 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 8350+ of health insurance plans to networks hospital. These include individual insurance plans, maternity insurance plans, family floater insurance plans, oldster insurance plans, and important illness insurance plans. its claim settlement ration is near about of 95.5%. These plans accompany different features and coverage benefits that suit different requirements of people at affordable premiums.

3. Magma HDI Insurance
: Magma HDI General Insurance Co. Ltd. is a joint venture of Magma Fin corp Limited, and HDI Global SE Company, and is a popular insurance company in India.Magma HDI One Health Policy is highly recommended. The policy comes at an affordable premium and offers me many coverage benefits that I wanted under my policy.Magma HDI General Insurance also offers other insurance products like fire insurance plans, marine insurance, motor insurance, etc. The insurance features a pan India presence with quite 135 offices in several states. Under its health insurance plans, the insurer offers wide coverage against various major healthcare expenses such as in-patient hospitalization expenses, pre-hospitalization as well as post-hospitalization expenses and daycare expenses.

4. The Oriental insurance firm 
: In year 1947 it had been founded that The Oriental Insurance Company offers multiple insurance products to its customers . The gross premium at the top of the year 2018-19 the premium figure stands at Rs.13199 crores. The Oriental company also conducts overseas operations in Nepal, Dubai, and Kuwait. Health insurance plans are affordable and offered to the insurer are suitable for people living in rural areas, also in urban areas. The insurer has wide networks of hospitals where anyone can avail cashless treatment without paying anything for the treatments covered under the policy. The insurer offers affordable insurance plans and conditions and is hence preferred by many.

5. New India General Insurance: consistent with survey New India General Insurance may be a multinational general insurance firm that's headquartered in Mumbai, India and operates nearly in 28 countries. The NewIndia General company has quite 250+ products including differing types of insurance plans for various sections of the society. They affordable premiums 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. you can avail cashless treatment under them, at the network hospitals and the policies are available at affordable premiums.

6. Bajaj Allianz General Insurance: Bajaj Allianz General Insurance is another popular insurance firm with a powerful claim settlement ratio. It is a venture of Allianz SE, and Bajaj Finserv Limited. One of the most important private insurers within the industry, Bajaj Allianz has its offices in additional than 11 cities and towns. The insurer offers a good range of insurance products, of which insurance is one. The insurer offers cashless treatment to the insured under its health insurance plans with more than 6,500 network hospitals. One can avail individual insurance plans,senior citizen health insurance plans, family floater health insurance plans, maternity health insurance plans, etc. The insurer has won several awards and accolades, which prove that the insurer offers reliable products to its customers

7. Max Bupa insurance : Max Bupa Health Insurance is one among the foremost popular standalone insurance companies in India. People choose this insurer to shop for insurance plans that cover them also as their families at affordable premiums. The Insurance company has multiple health insurance plans that contains different requirements of individuals and families at affordable premiums. you can choose as per your budget and requirements ,the plans come with different features and coverage benefits.Some popular health insurance plans offered by the insurer are Health Premiums, Health Companion, Re-Assure, and Money-Saver Policy. you can choose as per your requirement. these all come with different sum insured options.

8. Navi Health Insurance: Started operating in 2017, the insurance company is owned subsidiary of Navi Technologies. This Insurance is a new age online insurance company that offers different types of health insurance plans to fulfil varied health insurance needs of people.The aims of this insurance is that it becomes simple, affordable, and accessible to Indians. It is a general insurance firm that aside from insurance , also offers automobile insurance plans, bike insurance plans, property insurance plans, gadget insurance plans, and commercial insurance plans. It has quite 10,000 network hospitals where you'll avail cashless treatment with none hassle. Hence many people look up to this insurer for their health insurance needs But here insurance company has a hassle claim settlement process.

9. HDFC Ergo General Insurance: HDFC Ergo general Insurance is a trustworthy insurance company that offers a wide range of affortable health insurance plans. In which they include individual health insurance plans, senior citizen health insurance plans, family floater health insurance plans, maternity insurance plans. they also provides health insurance for children.This insurance company is attached with wide network of hospitals. where the insured can avail cashless treatment without any problems.

10. ManipalCigna Health Insurance: A standalone insurance company, ManipalCigna insurance that was corporate within the year 2014. The insurance firm offers a good range of insurance plans offering comprehensive coverage to the insured that cater to varied requirements of people . It is a trusted insurance firm that gives varied insurance solutions like personal accident plans, top-up insurance plans, individual health insurance plans, daily cash plans, etc.

Best Health Insurance Companies in India 2021

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