Health Insurance Companies

Aditya Birla Health Insurance Company Limited is a collaboration between Aditya Birla Group and MMI Holdings of South Africa. Listed below are the features and benefits of buying medical insurance from Aditya Birla Health Insurance Company Limited:

• It offers customized medical health insurance plans for critical illnesses, cancer, etc.
• In-patient treatment, OPD treatment, AYUSH treatment and home treatments are covered.
• Annual health check-ups and recovery benefits are available.
• Pre-existing diabetes, high cholesterol, high blood pressure and asthma are covered from day 1.
• It provides Health Returns discounts of up to 100% under its plans.
• It has a dedicated team of Care Managers that assist policyholders during claims.

Bajaj Allianz General Insurance Company Limited offers a variety of health insurance products, including plans catering to the needs of customers from a particular age group, such as senior citizens, women, etc. It was also the first to provide captive TPA services with certain additional benefits. Below are some of the features of Bajaj Allianz Health Insurance plans:

• The insurer offers health coverage to individuals, families, as well as senior citizens.
• Hospitalization expenses, maternity expenses, OPD expenses and consumables expenses are covered.
• Preventive health check-ups and cumulative bonus are also available.
• It offers specific health plans that cover life-threatening illnesses, like strokes, tumours, cancer, etc.
• For international coverage, the insurer offers the Global Health Care plan.
• Most plans do not require pre-policy medical check-ups for up to 45 years.
• The insurer's in-house Health Administration Team (HAT) is known to settle cashless claims within 60 minutes.

Care Health Insurance Limited provides plans to meet everyone's health requirements, including individual& family floater plans, health insurance plans for diabetes and hypertension, senior citizen plans, and top-up plans. Here are some of the key features of Care Health Insurance plans:

• In-patient hospitalization, unlimited e-consultations and domiciliary hospitalization are covered.
• Instant cover under Care Supreme will cover pre-existing asthma, diabetes, hyperlipidemia and hypertension from day 1.
• Most of the plans offer preventive health check facilities to the insured.
• Unlimited restoration of the sum insured and no claim bonus are available.
• For pre-existing health ailments and annual cardiac check-ups, the Care Heart plan is available.
• Wellness discounts of up to 30% are available.
• The insurer ensures cashless claim approval within 2 hours.

Cholamandalam MS General Insurance Company Limited offers health coverage with attractive features and benefits at an affordable cost. In 2011, it was awarded the Financial Insights Innovation Award at the Asian Insurance Congress for its innovativeness. Cholamandalam medical insurance plans are undoubtedly a safe bet for the following reasons:

• The insurer provides a diverse range of products, including individual health plans, top-up plans, and critical illness insurance plans.
• Hospitalization expenses, home treatment, AYUSH treatment and maternity expenses are covered.
• Global hospitalization, bariatric surgery and consumables cover are available.
• Most plans cover pre-hospitalization expenses for up to 30 days and post-hospitalization expenses for up to 60 days.
• Some health plans also offer annual health check-up facilities.
• Both critical illnesses as well as and accidental cover are available (in selected health plans)
• A health week discount of up to 10% are available.

Future Generali India Insurance Company Limited is a joint enterprise between the Future Group of Industries and the Generali Group. Future Generali health insurance plans are tailor-made to meet the requirements of different kinds of medical insurance seekers. Below are some of the benefits of buying these health plans:

• The insurer offers different kinds of medical insurance policies to cater to the needs of a wide range of customers, including personal accident, critical illness insurance, hospital cash insurance, top-up insurance, and senior citizen insurance plans.
• Day care treatments, hospitalization expenses and modern treatments are covered
• Cumulative bonus and preventive health check-ups are available
• It offers a family floater discount of up to 60%.
• The insurer provides cashless hospitalization approval in merely 90 minutes.
• The policyholder can easily access their policy details with the Future Generali mobile app.

Go Digit General Insurance Limited offers a diversified range of medical insurance plans for individuals and families in India. The company has a record of settling 87% of the claims in just one day. It has also been felicitated with Asia's General Insurance Company of the Year award in 2019. Check out what makes Digit Health Insurance plans a suitable choice:

• Coverage for domiciliary treatment, in-patient care and OPD expenses are available.
• Maternity benefit, worldwide cover and health check-up benefit are also available.
• Digit health insurance plans are available online and can be purchased without much paperwork.
• 10% city discount and 5% loyalty discount are available.

HDFC ERGO General Insurance Company Limited provides a variety of medical insurance plans for individuals, senior citizens, families and women. Take a look at the key benefits of buying HDFC ERGO health insurance plans:

• Customized plans for critical illnesses, diabetes, cancer, hypertension, dengue, etc. are available.
• Hospitalization expenses, home healthcare, alternative treatments and OPD treatments are covered.
• Consumables cover, preventive health check-ups and recovery benefit are available.
• Up to 50% family discount is available.
• The company settles all cashless claims within 2 hours.

ICICI Lombard General Insurance Company Limited has a wide range of health insurance plans in its product portfolio. Check out some of the reasons why buying ICICI Lombard health insurance plans is a great idea:

• The insurer provides specific health plans for senior citizens, families, critical illnesses, etc.
• In-patient treatment, home care treatments, maternity expenses and OPD treatments are covered.
• Preventive health check-ups, convalescence benefit and reset benefit are available.
• Up to 30% wellness discount is available.
• The customer support team is available 24x7 for assistance.

IFFCO-Tokio General Insurance Company Limited began its operations on December 4, 2000 in collaboration among the Indian Farmers Fertilizer Co-operative (IFFCO) and a popular Japanese insurance group - Tokio Marine. Here are some of the reasons to buy IFFCO Tokio health insurance plans:

• It provides coverage for any sudden illness, disease or injuries, which may require hospitalization, medical or surgical treatment, organ transplantation, etc.
• It compensates expenses incurred on chemotherapy, pacemaker, radiotherapy, dialysis, surgical appliances, blood, oxygen, operation theatre, medicines, etc.
• Up to 12.5% wellness discount is available.
• The company has the technical know-how to provide its customers timely and hassle-free claim settlement experience in a quick and efficient manner.
• It settles all cashless claims within 24 hours.
• It also offers critical illness add-on cover on payment of some extra premium.

Liberty General Insurance Limited started its operations in 2013. It is a collaboration between DP Jindal Group, Liberty City State Holdings PTE Ltd. and Enam Securities. Some of the benefits of buying Liberty health insurance plans are given below:

• The health plans are designed to offer wider health protection coverage with high sum insured options.
• Hospitalization expenses, worldwide cover, AYUSH treatment and ambulance charges are covered
• Some unique benefits include preventive care facilities, daily cash allowance, second medical opinion, etc.
• A wellness discount of 10% is available.
• The policyholder also gets a free-look period of 15 days to cancel the policy post-purchase

ManipalCigna Health Insurance Company Limited was launched in 2014 as a collaboration between India's Manipal Group and USA's Cigna Corporation. Below are some of the features of ManipalCigna health insurance plans:

• It offers a wide range of health plans, including a top-up health plan, critical illness plan, accidental care plan, lifestyle protection plan, etc.
• Most health plans are customizable to meet customer's needs and preferences.
• The insurer also offers a critical illness plan covering nearly 30 major illnesses.
• In-patient treatment, maternity expenses, OPD expenses and day care procedures are covered.
• Switch off benefit, premium waiver benefit, annual health check-ups, and unlimited teleconsultations are available.
• The insurer provides 100% restoration of the sum insured in most plans.
• A fitness discount of up to 20% is available.
• The company settles 96% of cashless claims within 2 hours.
• The insured can easily track health insurance claims online.

National Insurance Company Ltd. has been serving its customers for more than a century with comprehensive health insurance coverage. Below are some of the benefits of buying National Health Insurance plans:

• Coverage for in-patient care, mental illness, maternity expenses are available
• Most health plans cover medical expenses incurred for up to 30 days before hospitalization and 60 days after hospitalization.
• Adventure sports injuries, genetic disorders, obesity treatment and refractive error corrections are covered
• National Insurance Company Limited offers the Varishtha Mediclaim policy for senior citizens.
• A co-payment discount of up to 20% is available.
• Some health plans also offer free health check-up benefits.

New India Assurance Company Limited has been in operation since 1919. Below are some of the features of New India Assurance health insurance plans:

• It offers a comprehensive health insurance plan for families, protecting self, spouse and two dependent children.
• Hospitalization costs, ambulance charges, AYUSH treatments and cataract surgery are covered.
• The insurer offers cancer coverage under the New India Cancer Guard policy.
• The company also offers New India Pravasi Bhartiya Bima Yojana for emigrants with ECR or ECNR status.
• Health check-up benefit are also available under some plans.
• Up to 15% voluntary co-pay discount is available.

Niva Bupa Health Insurance Company Limited is a standalone health insurance company in India that offers health insurance policies to individuals and families from all age groups. Below are some of the benefits offered by Niva Bupa Health Insurance plans:

• Home care treatments, modern treatments and hospitalization expenses are covered.
• Lock the clock benefit, booster+ benefit and annual health check-ups are available.
• Pre-existing hypertension and diabetes are covered from day 1 with the Smart Health+ rider.
• Up to 30% live healthy discount is available.
• The insurer also provides cashless claim authorization within 30 minutes.

Raheja QBE General Insurance Company Limited was established to provide insurance services to its consumers in the most seamless manner. Some of the features and benefits of Raheja QBE health insurance plans are given below:

• In-patient hospitalization expenses, ambulance charges and non-medical expenses are covered.
• Medical check-ups, daily allowance and recharge benefit are available.
• Raheja QBE health insurance plans also offer no claim bonus and domiciliary hospitalization cover.
• A co-payment discount of 20% is available.

Royal Sundaram General Insurance Co. Ltd. offers comprehensive insurance plans with innovative features and solutions. Take a look at some key features of Royal Sundaram health insurance plans:

• OPD treatments, in-patient treatment, modern treatments and ambulance charges are covered
• Domiciliary hospitalization, health check-up facilities and maternity coverage are also available.
• It offers worldwide emergency hospitalization expenses along with a second opinion for 11 major critical illnesses.
• 100% restoration of the sum insured and no claim bonus are available
• A health & wellness discount is also available.

SBI General Insurance Co. Ltd is a joint venture between the State Bank of India (SBI) and four other investors. Here are some of the key features of SBI Health Insurance plans:

• Advanced procedures, in-patient treatment, OPD treatments and home healthcare are covered.
• Domestic emergency assistance services, bariatric surgery and annual health check-ups are available.
• Applicants do not need to undergo a pre-medical screening for up to the age of 45 years.
• Most health insurance plans cover pre and post-hospitalization expenses.
• Up to 30% walk healthy discount is available.

Star Health & Allied Insurance Company offers some of the most comprehensive medical plans for individuals and families. Below are some of the coverage benefits offered by Star Health insurance plans:

• Hospitalization costs, AYUSH treatments, second medical opinion and OPD expenses are covered.
• Star health insurance offers customized products covering diabetes and HIV positive patients.
• The insurer also provides a top-up health insurance plan that can be customized as per the insured's needs.
• Star Diabetes Safe plan covers pre-existing diabetes from day 1 under Plan A.
• Unlimited restoration of the sum insured, freeze the age and consumables cover are available.
• A wellness discount of up to 20% is available.
• The company has an in-house claim settlement procedure for cashless hospitalization facilities.

Tata AIG General Insurance Company Ltd. was started in collaboration between the American International Group and the TATA Group. The insurer commenced its operation in the year 2001. Tata AIG health insurance plans come with the following range of benefits-

• The insurer offers customized health plans for individuals, families, senior citizens, critical illnesses, and medical emergencies.
• Coverage for hospitalization expenses, OPD treatments and maternity expenses are available.
• Tata AIG medical policies also recompense medical treatments taken at home, if required, as part of the treatment.
• The plans are also designed to compensate for the cost of Homeopathy, Siddha, Unani, and Ayurveda treatment.
• Up to 100 critical illnesses are covered under the Criti Medicare plan.
• Consumables benefit, restore benefit and preventive health check-ups are available.
• No pre-policy medical check-up is required for up to 45 years.
• A family floater discount of up to 32% is available.

The Oriental Insurance Company Limited is also a government-owned general insurance company that offers a wide range of health insurance products in India. Below are some of the benefits of buying Oriental health plans:

• Oriental Insurance Company Limited offers both family floater and individual health insurance plans.
• Hospitalization expenses, mental illness treatment and OPD treatments are covered.
• Health check-ups, teleconsultations and second medical opinions are available.
• Most health insurance policies can be customized as per the customer's needs.
• It does not require a pre-policy medical test for up to the age of 55 years.
• A voluntary co-payment of up to 20% is available.

United India Insurance Co. Ltd. is one of the oldest general insurance companies in India. The insurer offers affordable and personalized health plans to its customers. Furthermore, United India Insurance Company Ltd. received ICRA accreditation for high solvency margin ratio and claim paying ability. Check out the benefits offered by United India health insurance policies:

• In-patient hospitalization, modern treatments and day care treatments are covered.
• Free medical check-ups and cumulative bonus are available.
• A no claim discount of up to 15% and a 5% of family discount is available.
• A 30-day free look period is provided from the date of policy inception.

Zuno (Formerly Edelweiss) General Insurance Company Limited is trusted by millions of customers for its wide range of insurance products. Here are some of the advantages of purchasing Zuno (Formerly Edelweiss) health insurance plans:

• The policies are designed to cover in-patient, pre and post-hospitalization expenses, critical illnesses, accidents, diseases, etc.
• AYUSH treatments, modern treatments and day care treatments are covered.
• Recovery benefit, shared accommodation benefit and health check-up benefit are available.
• A single premium discount of up to 10% is available.

Zurich Kotak General Insurance Company (India) Limited allows customers to pick from a range of customised medical policies. Zurich Kotak (formerly known as Kotak) health insurance plans come with the following features and benefits:

• Zurich Kotak health plans can be selected to cover basic emergency hospitalization and life-threatening illnesses like a benign tumours, end-stage liver diseases, coma, loss of speech, etc.
• The plans cover critical illnesses like heart attack, cancer, organ transplants, etc. and accidental injuries.
• Zurich Kotak Secure Shield plan also provides loss of job benefits to the insured along with child education benefit.
• It also offers coverage for air ambulance services, home nursing, maternity expenses, and newborn baby expenses.
• Compassionate visit, annual health check-ups and convalescence benefit are also available.

Ans: Yes. Some health insurance companies in India provide diabetes health plans that cover insulin expenses.

Ans: Yes. You can port your health insurance policy from one insurer to another insurer of your preference without losing the benefits accumulated. As per IRDAI, you have the right to port your mediclaim policy to another health insurance provider around 45 days before the expiry of your existing policy.

Ans: Yes. All health insurers cover the cost of dental treatments resulting from accidents. However, some health insurance companies do provide coverage for non-accidental dental treatments in India.

Ans: A lot of health insurance companies cover cancer treatment expenses. Moreover, some insurers also offer customized cancer insurance plans in India. You can check and compare various cancer medical insurance plans on Policybazaar.com before purchasing.

Ans: Kidney transplantation or failure is a critical illness and, therefore, is covered under a critical illness insurance policy. Most health insurers in India offer critical illness plans. You can compare them and buy the most suitable one on Policybazaar.com.

Ans: Yes, many health insurance companies in India cover OPD expenses, including the cost of doctor consultations, medicines and diagnostic tests.

Ans: As per the IRDAI Annual Report 2022-23, 32 insurance companies offer health insurance plans in India.

Ans: Firstly, make sure the health insurance company you have selected is approved by the IRDAI. Check the insurer’s details, like the Incurred Claim Ratio, claim settlement ratio, etc., on the official website of the insurer or by going through the IRDAI annual reports. You can also check customer reviews for various insurers to know about their reputation and quality of products & services.

Ans: Yes. All medical insurance companies in India offer the facility of cashless hospitalisation across all hospitals in India under the Cashless Everywhere facility.

Ans: To pick a good health insurance company for yourself, it is important to find a plan with good coverage under your budget. You should also check the company's reputation, customer reviews, and the product range it offers. You must confirm that the company has a high CSR (Claim settlement ratio) and does not take a lot of time to settle claims. You should also read the fine print and company policy document to be aware of the benefits offered.

Ans: Yes. There are 4 public insurance companies in India that offer different kinds of health plans. These are National Insurance Co. Ltd., The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd., and United India Insurance Co. Ltd.

Ans: Yes, CSR is an important way to know about the reputation of a health insurance company in India. However, CSR should not be the only deciding factor. Other important factors, like the ICR, time taken to settle claims, product portfolio, customer reviews, etc., should also be considered while selecting an insurer.

Ans: During an emergency, you can contact your health insurance provider by calling the customer service number, sending an email or through their designated mobile app, if available. You can also visit the nearest branch of the insurer.

Ans: Yes, there are 5 standalone health insurance companies in India offering a variety of plans. These are Aditya Birla Health Insurance Co. Ltd., Care Health Insurance Limited, ManipalCigna Health Insurance Co. Ltd., Niva Bupa Health Insurance Co. Ltd., and Star Health and Allied Insurance Co. Ltd.

Ans: Yes. Cashless hospitalisation or settlement can be availed at a non-network hospitals under the cashless everywhere benefit.