Guide: Best Health Insurance Company In India 2022

Since the health insurance companies have grown to be comparatively more active in recent times, they have well prepared themselves to handle and manage the changing situation and increasing demand well. Several companies are functioning in the market, offering various kinds of products and tools, catering to the varied needs of the wide customer base. The internet is loaded with a plethora of information, making it overwhelming for customers to decide which is the best. In this context, it must be remembered that blindly trusting any online resource or any insurance agent might land you in trouble in the future. You need to keep yourself alert and well-informed to manage the situation well.

How to choose the best health insurance company in India in 2022?

In order to choose the best health insurance company in India 2022, these are some of the factors that you need to consider:

1. Ease of claim and claim settlement process
2. Network hospitals
3. Types of plans available according to requirements
4. Customer support, etc.

However, you need to first analyze your requirements and then choose the plan according to your needs.

While creating this list of the best health insurance companies in India 2022, we have critically considered certain vital factors including, coverage span, affordability, fee structure, plan renewability, claim settlement ratio, and value-added benefits. These six factors are crucial determinants when selecting the best health insurance company in India.

List of the best health insurance companies in India 2022

1. Aditya Birla Health Insurance Company Ltd.

   This is one of the most noteworthy names as the best health insurance company in India. This is a joint venture between Aditya Birla Group and a South African compnFor the benefit of their widespread customer base, they have launched several attractive schemes and health packages. One of the best highlighting factors of these plans is that it includes homeopathy treatment coverage and a special health app known as “Abhiconnect”. Their exclusive app includes mental treatment coaches too for Activ Health Plan holders.

2. Tata AIG:

   Being one of the rulers of the Indian health insurance sector, Tata AIG is a result of a highly successful joint venture between the esteemed Tata Group and an insurance and finance company called American International Group.

   Starting its business back in 2001, it offers several business and personal insurance plans. It can boast of maintaining a claim settlement ratio of 95%, and the insurance designs are specifically crafted for women, senior citizens, families, critical illnesses, and many more. Some of the important products include Tata AIG Medicare Expert Protect, MediSenior, Wellsurance Executive, etc.

3. Star Health Insurance

   This is the result of a joint venture between Allied Insurance Company Ltd. and Star Health. Starting its journey back in 2006, it is one of the most prestigious insurance companies in the country. It consistently maintains an average incurred claim settlement ratio of 61.76% and offers several kinds of health insurance tools. It also qualifies to be one of the best health insurance company in India.

   It is one of the pioneers to offer any health plan, particularly crafted for cardiac patients, called Star Cardiac Care. Other significant products include Star Comprehensive Insurance Policy, Family Health Optima Insurance Plan, etc.

4.  HDFC Ergo Health:

   This is the fourth largest private general insurance company in the country. This company is a joint venture between Ergo International AG and HDFC Ltd. It maintains a record of settling around 90.32% of claims on average. Because of its impeccable customer service and innovative approaches, it has been prestigiously awarded the Best Customer Experience Award 2016, ‘iAAA’ rating by ICRA for high claim settlement ratio and high claim paying capacity. Some of the prominent dedicated health insurance products offered by the company include Health Medisure Top-up, Health Medisure Classic, Women Health Insurance, etc.

Conclusion

Apart from these, some other important health insurance companies operating in the country include ICICi Lombard, Star Health Insurance, Niva Bupa, Aditya Birla Capital Health Insurance, ManipalCigna Health Insurance, and Future Generali. All the health insurance companies mentioned here are approved by the IRDAI. According to a special study by TechVista, there are about 57 health insurance companies currently functioning in the country. We have carefully selected only the top best health insurance company in India, 2022, for your benefit.

FAQs

1. When I am not satisfied with the performance and service of my current health insurance company, what are my options for future proceeds?

There is a special service called health insurance portability, using which you can change your plan without paying any additional charges.

2. What are the major factors to consider while choosing the best health insurance companies in India?

You need to consider the following factors while making your choice for the best health insurance companies in India: features of the concerned plan; premium affordability, best riders, and benefits, claim settlement ratio, cashless network hospitals, ratings and reviews, customer service support, and seamless renewability of plan.