In order to assist customers with the purchase of health insurance, the Indian Insurance Supervision Authority and the Development Authority (IRDAI) make a list of the best health care companies every year. Life insurance companies (private and public), general insurers (private and public) and specialized insurers are entitled to offer health plans for customers. Based on the results of the Incurred Claims Ratio (ICR) and its overall economic situation, the top 10 healthcare companies in India are:

  1. New India Assurance Company Limited

New India Assurance Company is a company owned by the Indian government, which has been in business since 1919 and is most famous for its Mediclaim policy. The special feature of this health insurance is that it offers a differentiated assessment for large metros compared to other locations. It had an ICR of 87.84%, which could be on the higher side, but covers any loss or deficit of other insurance products.

  1. ICICI Lombard General Insurance Company Limited

The most popular product offered by ICICI Lombard General Insurance Company is the health benefit, which not only covers hospital costs, but also provides external benefits such as dental expenses within a limit. They had an ICR of 81.47% for 2015-16.

  1. Bajaj Allianz General Insurance Company Limited

This company is a joint venture linking between Bajaj Finserv Limited plus Allianz SE has health products under control. The three main products are Health Guard, Silver Health and Star Package. Bajaj has the honor of being the first company to provide captured TPAs ​​with certain efficiencies. Its ICR is 72.30% to 2015-16.

  1. Star Health & Allied Insurance Company Limited

Star Health & Allied Insurance Company is a joint venture between Oman Health Insurance Company, ETA Ascon Group and some of the country’s veteran’s benefit from an ICR of 53.81%. The company has an internal TPA for easy treatment without money, along with exciting products such as Safe Diabetes (for diabetics) and Star NetPlus (for HIV + patients).

  1. Max Bupa Health Insurance Company Limited

Max Bupa Health Insurance Company is a joint venture between Max India Limited and the Bupa Group created in 2010. The health care company has a 59.53% ICR and offers a listing of its policies for citizens of all ages.

  1. Oriental Insurance Company Limited

Oriental Insurance Company is the general insurance company offering a number of health insurance products. The best part of this insurer is that it does not require medical examination of potential clients up to the age of 60, while other medical research companies have been lobbying for over 45 years. Its ICR stands at 83.71% according to IRDAI data.

  1. Cigna TTK Health Insurance Company Limited

Cigna TTK Health Insurance Company is a relatively new player in the insurance industry of India, which was launched in 2014 and immediately became one of the best health insurance companies in India. It is ICR for 2015-16 which reaches 78.66%, which means a performance does not mean that it is so new on the market.

  1. Apollo Munich Health Insurance Company Limited

This company is a joint venture among Apollo Hospitals Group as well as Munich Health, part of Germany Munich Re. It had an impressive ICR of 64.61% and brought innovations such as life time upgrades and benefits from the portability of existing policies.

  1. National insurance company Limited

The National Insurance Company is a general insurance company owned by the government, which is over 100 years old and also provides health insurance. Its ICR is 95.28% for 2015-16, but covers its losses with other insurance products in some other categories. The most popular health product of the company is Varishtha Mediclaim for the elder people.

  1. Religare Health Insurance Company Limited

It is sponsored by the founders of Fortis hospitals. The Religare Health Insurance Company is a joint venture between Religare Enterprises Limited, the Bank Union of India and the Bank Corporation, which was launched in 2012. In a short time, however, they have grown tremendously with an ICR of 89.40%.


I hope you find this information helpful. Discover the various plans offered by these general insurance companies in India and buy a health insurance for you and your family now!


Please enter your comment!
Please enter your name here