best health insurance company in india

Every year, Insurance Regulatory and Development Authority of India (IRDA) announces a list of health insurance companies. There are few important features that help it to rate the insurance companies, such as their performances, Incurred Claim Ratio, and overall benefits offered to their customers. Lets us read about top ten health insurance companies in India.

The Top  Health Insurance Companies in India are listed below:

1) Apollo Munich Health Insurance Company Limited

Apollo Munich Health Insurance Company had an outstanding record of Incurred Claim Ratio of 63.03% for the fiscal year 2014-15, and it has brought additional benefits like portability and lifelong renewability options in its existing health insurance plans.

2) Star Health & Allied Insurance Company Limited

Star Health & Allied Insurance Company recorded the Incurred Claim Ratio of 63.96% for the fiscal year 2014-15. The company has an in-house claim settlement procedure to deal with cashless hospitalization facility. Along with this, Star Health & Allied insurance company comes up with a range of exciting products that offer protection to Diabetes and HIV+ patients. Read more

3) Max Bupa Health Insurance Company Limited

Max Bupa is one of the best-known insurance companies in India, which had an Incurred Claim Ratio of 55.16% for the fiscal year 2014-15. This company offers its health insurance policies to individuals from all age groups. Read more

4) ICICI Lombard General Insurance Company Limited

The most popular product offered by ICICI Lombard General Insurance is Health Advantage that offers full coverage for expenses incurred in a case of a medical emergency. It covers the cost of hospitalization, dental expenses, room rent, and ambulance charges up to a limit. It had an Incurred Claim Ratio of 87.38% for the fiscal year 2014-15.

5) Religare Health Insurance Company Limited

Religare Health Insurance Company limited has shown tremendous growth in a short period of time, thereby setting a benchmark in the insurance market of India. It had an Incurred Claim Ratio of 61.13%. It is being regularly appreciated and promoted by the Fortis Hospitals.

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