Best Health Insurance Companies in India

Considering the uncertain nature of life, it is essential to be financially secure in order to have a safe future. Out of the several investment options available in India, insurance policy sector has witnessed a major growth and almost every individual today owns an insurance policy to fight economic difficulties in an easy way.

Due to lifestyle changes, people are afflicted with diseases and infections that cost lakhs of rupees for treatment. However, to provide people with financial cover in times of medical emergencies, health insurance policies have come into existence.

Health insurance is a type of general insurance policy that covers medical and surgical expenses incurred by the insured. There are several types of health insurance plans in India:

Individual floater: This type of plan is designed to provide cover to an individual against several medical expenses.

Family floater plan: This type of plan provides cover for all the members of the family, including insured, his/her spouse, kids, parents and parent-in laws.

Critical illness policy: This type of plan provides cover against life threatening diseases such as cancer, kidney failure, and heart attack.

Benefits of having a health insurance plan in hand is that it offer services such as cashless treatment, covers pre and post hospitalization charges, ambulance cost, and free medical check-up.

Here are top four health insurance companies in India:

  • Royal Sundaram:

Established in 2001, Royal Sundaram is one of the leading health insurance companies in India. It is a joint venture between Sundaram finance and Royal & Sun alliance insurance. Their health insurance plan covers all the pre and post-hospitalization charges, maternity cover and provides tax benefits under section 80 (D). One can avail this health insurance plan online too.

  • Max Bupa Health Insurance

An Indian insurance company which has established itself as one of the leading providers of general insurance policies in India, Max Bupa is a joint venture between Max India limited and Bupa finance UK. Their health insurance plan covers for up to 50 family members and provides facilities such as regular health check-up, vaccination for new babies, and lifetime renewal plan.

  • ICICI Lombard:

This Company is a joint venture between ICICI bank limited and Fairfax financial holdings limited. They provide several general insurance policies, with one of them being health insurance too. Their health insurance plan covers ambulance charges, room rent, and cashless facility.

  • Reliance General Health Insurance:

An Indian insurance company which is a part of the Reliance Capital Limited. The company was incorporated in the year 2000 and since then has been one of the leading health insurance companies in India.