Nobody can deny the importance of health insurance. It helps protect policyholders' wealth while assisting the
m in paying their medical bills. Getting insured provides much-needed financial security and should thus be prioritised. However, customers face challenges in the process. Too many options and the resulting confusion being the primary one.
Moreover, people recognise the difference between life insurance and health insurance. They are therefore seeking companies that specialise in the latter. This article has sought to make the selection process easier by outlining the top mediclaim providers in India.
Benefits of Best Medical Insurance Company
To choose the best insurance provider, you must first assess your requirements based on age, medical history, lifestyle, etc. Then you must investigate and compare the different available plans. This would require time and effort. But the following benefits offered by the top insurers make it worth it.
- Value for money
- Prompt grievance redressal
- Wide coverage
- A vast network of specialists
- Adequate sum insured
- Discounts and cashback
- Higher claim-settlement ratio
- Lifetime renewability
- Easy portability
- Re-fill benefit
- No-claim bonus
- Flexibility and customisation
- Positive user reviews
- 24*7 customer support
Best Health Insurance Companies in India
The finest insurance alternatives available in India are covered below, according to metrics like market share, financial soundness, and client satisfaction.
Niva Bupa Health Insurance
It used to be known as Max Bupa and has a sizable hospital network of more than 9100. ReAssure, Money Saver, Senior First, Health Pulse, Corona Kavach, Health Premia, Health Companion, etc., are just a few of the programmes it offers. Claims are processed directly in 30 minutes without any third-party involvement. Through a smartphone application called Niva Bupa Health, it focuses on creating lasting relationships with its users.
IFFCO Tokio General Insurance
They support cashless treatment in more than 7500 network facilities and can boast 20 years of experience. The high claim-settlement ratio of 95.82% is responsible for the high level of consumer trust it enjoys. Programmes, including Individual Medshield, Personal Accident Policy, Health Protector Policy, Swasthya Raksha Bima, and Arogya Sanjeevani, cater to a diverse population.
Care Health Insurance
Care Health Insurance is a trusted financial ally with over 20800 healthcare providers and a claim settlement percentage of 95.2%. The prices for its plans are reasonable, starting at about ₹25 per day. For hospitalisation, pre- and post-hospitalisation, AYUSH treatment, and daily allowance, among other things, they offer comprehensive protection.
HDFC ERGO Health Insurance
It has been providing services to customers for 20 years and has a 4.4-star rating. In addition, 12000+ hospitals meet customers' needs with premiums of as little as ₹19 per day. Additionally, the claim settlement procedure is swift. One claim is settled every minute after it has been approved in 20 minutes. It also covers costs up to 60 days after admission and 180 days after discharge, in addition to inpatient care.
Star Health Insurance
It is India's first standalone mediclaim provider. 14000+ network hospitals and 5.5 lakh agents work under it. It has it all: individual, family, senior citizen, and corporate plans. Along with 24*7 support, it also provides wellness services. 90% of its cashless claims are processed in 2 hours, while reimbursement claims take 15 days.
Bajaj Allianz Health Insurance
Established as a partnership between Bajaj Finserv Ltd and Allianz SE, it includes 8,000+ hospitals in its network. Faster claim processing is facilitated by the internal health administration team, resulting in a turnaround time of just 60 minutes. A no-claim bonus is also given up to 150% of the sum insured. For an even higher coverage, a health prime rider can be added.
Conclusion
You must check the official websites of the providers mentioned above for an in-depth understanding of their plans, for instance, individual, family floater, senior citizen, and group health insurance policy. You can also use the online premium calculators to get an estimate of the policy's cost burden. If you have any other doubts, you can get in touch with an insurance agent.