Today we will discuss Top 5 Best Health Insurance Companies in India in 2019

Health insurance is a type of insurance coverage that covers the medical and surgical expenses of an insured person. Depending on the type of health insurance coverage,

  • The insured person pays the costs and receives the reimbursement from the health insurance company or
  • The insurer makes the payments directly to the insured person

Let us look at the trending top 5 health insurance companies of the country for F.Y. 2019 – 20

List Of Health Insurance Companies in India in 2019

Top 5 Best Health Insurance Companies in India in 2019

1) HDFC Health Insurance

Image result for hdfc ergo health insurance logo

Started in 2002, HDFC ERGO General Insurance Company Ltd is a joint venture of HDFC Ltd and ERGO International AG (insurance company of Munich Re Group).

This venture tops the list of Top 5 Best Health Insurance Companies in India in 2019. It offers it’s clients different types of life insurance plans; individual plans, various group life plans and additional coverage for its clients.

HDFC ERGO’s Health Insurance plan starts from the age of 18yrs and there is no maximum age limit at entry.

Plans offered by HDFC ERGO:

  • HDFC ERGO’s Health Suraksha Policy
  • HDFC ERGO’s Health Suraksha Gold Policy
  • HDFC ERGO’s Health Suraksha Regain Policy
  • HDFC ERGO’s Health Suraksha Top-up Plus Policy
  • HDFC ERGO’s Critical Illness Silver Policy
  • HDFC ERGO’s Critical Illness Gold Policy
  • HDFC ERGO’s Critical Illness Platinum Policy
  • HDFC ERGO’s Personal Accident Insurance Policy
  • HDFC ERGO’s Health Medisure Classic Insurance
  • HDFC ERGO’s Health Medisure Super Top Up Insurance

Features of HDFC ERGO:

  • 8600+ Network Hospitals
  • 4yrs Waiting Period for Pre-existing Disease
  • 74.36 Incurred Claims Ratio
  • 6,54,375 Number of Policies Issued
  • 100% Grievances Solved
  • Lifetime Renewability

Benefits of HDFC ERGO Health Insurance:

  • HDFC ERGO offers a wide range of health insurance policies, including individual plans, group insurance plans, critical illness plans and even coverage plans.
  • Policyholders can choose to seek treatment at more than 6,000 cashless hospitals across the country.
  • The health insurance plans offered by HDFC ERGO also offer the benefit of an advanced bonus.
  • Insureds can choose from a range of premium payment options depending on their convenience.
  • These health insurance plans cover not only illnesses and accidents but also other related treatments such as pre and post-hospital expenses, home care and various day care procedures.
  • Insured persons are entitled to tax benefits for premiums paid for a health insurance policy in accordance with the provisions of Section 80D of the Income Tax Act 1961

Also read: Top 10 Best health insurance Plans In India 2019

2) Aditya Birla Health Insurance

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Founded in 2000, the company is a joint venture of Aditya Birla Capital and MMI Holdings Ltd. It is one of the newly launched companies in the health insurance industry which bags the 2nd position in Best Health Insurance Company in India in 2019

Aditya Birla’s Health Insurance plan starts from the age of 18yrs and there is no maximum age limit at entry.

Plans offered by Aditya Birla Health Insurance

  • Activ Health Essential
  • Activ Health Enhanced
  • Activ Secure – Personal Accident
  • Activ Secure – Critical Illness
  • Activ Secure – Hospital Cash
  • Activ Secure – Cancer
  • Activ Assure – Diamond
  • Group Activ Health

*Premiums may vary depending upon factors like age, location, term of the plan, and prevailing taxes/GST.

Features of Aditya Birla Health Insurance:

  • Add insured options from a minimum of INR 50,000
  • No maximum age to enter Day 1 coverage for various chronic diseases such as diabetes, hypertension, cholesterol, etc.
  • Free health check available once a year from qualified international specialists for various critical illnesses

Benefits of Aditya Birla Health Insurance:

  • Flexible plan options: Aditya Birla offers variety of plans based on the requirements of customers. Plans are available for individuals, families, and groups. There are plans available for specific benefits including personal accident, critical illness, cancer, etc.
  • Multiple sum insured options: Customers can choose the sum insured amount based on their requirement and affordability. Under specific plans, it is possible to get coverage for up to Rs.2 crore.
  • Wellness coaching: One of the features of Aditya Birla Health Insurance is that it provides access to health industry experts anytime and anywhere. Customers can get their doubts clarified anytime by various health specialists online.
  • Network hospitals: The company has a big network of hospitals and doctors. Customers can access the list of hospitals and doctors in their cities/towns.
  • Health Returns: The company offers rewards for healthy behaviour in its customers. Customers can access this information by visiting the company’s official website.
  • Tax relief: The premium amount paid towards various health insurance policies under Aditya Birla is eligible for income tax benefit as per section 80D of the Income Tax Act.

Also read: Tax benefits in health insurance


3) Apollo Munich Health Insurance

Image result for apollo munich life insurance logo

Founded in 2007, Apollo Munich Health Insurance an independent health insurance company is a joint venture of the Apollo Hospitals Group and Munich Health (world leader in health insurance)
Over the years given it’s performance, it has leaped to 3rd position in Top 5 Best Health Insurance Companies in India in 2019

Apollo Munich Health Insurance’s Health Insurance plan starts from the age of 18yrs and there is no maximum age limit at entry.

Plans Offered

  • Apollo Munich Easy Health– Individual and Family Floater
  • Apollo Munich Optima Restore Plan – Individual and Family Floater
  • Apollo Munich Optima Plus Plan
  • Apollo Munich Optima Super Plan – Individual and Family Floater
  • Apollo Munich Optima Vital Plan
  • Apollo Munich Dengue Care Plan – Individual and Family Floater
  • Apollo Munich Health Wallet Plan – Individual and Family Floater
  • Apollo Munich Day2Day Care Plan – Individual and Family Floater
  • Apollo Munich Maxima Plan – Individual and Family Floater
  • Apollo Munich Energy Plan
  • Apollo Munich Optima Senior Plan

Features of Apollo Munich:

  • 4500+ Network Hospitals
  • 4yrs Waiting Period for Pre-existing Disease
  • 90% Settlement Ratio
  • Lifetime Renewability

Benefits of Apollo Munich Health Insurance

  • Sum insured: You can choose an optimal level of sum insured that meets your needs. A good health insurance is an insurance that offers comprehensive health coverage at an affordable price.
  • Rapid health care: In the event of a medical emergency, such as a sudden illness or an accident requiring hospitalization, an appropriate health insurance policy, proposed by Apollo Monaco, will ensure prompt and adequate health care.
  • Cashless admission: The health insurance policies offered by the Apollo Munich provide for a cashless hospitalization in which the insurer will pay the medical expenses directly to the hospital. You do not have to pay hospital bills in advance. Apollo Munich has a quick and easy application approval procedure.
  • Portability: The health insurance plans offered by Apollo Monaco can be transferred from one insurer to another without losing the benefits of the policy, such as the waiting period and the non-credit bonus.
  • Tax Advantage: Under section 80 D of the Income Tax Act 1961, the examiner may obtain a tax deduction on the premium paid for a health insurance policy for himself, the parents and elderly parents, subject to predefined limits.
  • Permanent renewal: All health insurance plans offered by Apollo Monaco have a permanent renewal option that allows the insured to obtain health coverage if needed.
  • Claimless premium (NCB): For each year free of compensation, it earns up to 100% of the NCBs in the form of a 50 to 100% increase in the sum insured.
  • Reinstatement of benefits: In the case of certain health insurance policies offered by Apollo Munich, the insurer refunds the entire sum insured for any new illness if you or a member of your family exhausts the entire sum insured during the period of validity of the policy

Why you should buy Health Insurance Online?


4) Star Health Insurance

Image result for star health insurance logo

Started in 2006 Star Health and Allied Insurance Co Ltd provide health insurance solutions at affordable rates.

It has also become the 1st insurance company to launch a specialized policy called Star Cardiac Care for people with heart conditions.

Strengthening year by year, it has managed to keep itself in top 5 Best Health Insurance Companies in India in 2019

Star Health’s Health Insurance plan starts from the age of 18yrs and there is no maximum age limit at entry.

Plans Offered by Star Health Insurance:

  • Star Family Health Optima Insurance Plan
  • Star Senior Citizens Red Carpet Health Insurance Policy
  • Star Comprehensive Insurance Policy
  • Star Medi-Classic Insurance Policy
  • Star Health Gain Insurance Policy
  • Star Surplus Insurance Policy
  • Star Diabetes Safe Insurance Policy
  • Star Cardiac Care Insurance Policy
  • Star Cancer Care Gold
  • Star Net Plus
  • Star Care Micro Insurance Policy
  • Star Criticare Plus Insurance Policy
  • Star Family Delite Insurance Policy
  • Star Special Care

Features of Star Health Insurance

  • Lifetime renewal
  • Coverage of pre-existing conditions,
  • Extensive hospital network
  • Various premium option

Benefits of Star Health Insurance

  • Admission to hospital / treatment, including hospitalization costs, provided that one of them has been hospitalized for at least 24 hours.
  • Pre-hospitalization fee: usually up to 30 days.
  • Hospitalization costs: generally up to 60 days; usually met by a lump sum payment @ 7% of expenses or Rs 5,000, whichever is less.
  • Pre-existing illnesses are included subject to pre-emptive coverage by a national insurer; generally for the four years preceding the start of the policy (2 or 3 years if specified).
  • Floating base: the family includes the main insured, the husband / wife and the children who depend on the parent (generally subject to a 25-year age limit); The sum insured is divided equally between the members of the insured.
  • Individual basis: the sum insured under the policy is made available per person.
  • Restoration of the sum insured: normally authorized after a specified number of years, without compensation

Also read: LIC Health Insurance Plans

5) ICICI Lombard Health Insurance

Started in 2001, ICICI Lombard General Insurance Company Ltd, a subsidary of ICICI Bank offers a wide range of health insurance which includes flexible contract terms, premium payments, riders, treatment coverage and hospital networks.

At one time in top 3 of the top 5 Best Health Insurance Companies in India in 2019, it has slipped to number 5th in rankings

ICICI Lombard Health Insurances Health Insurance plan starts from the age of 18yrs and maximum age limit is 80yrs at entry.

Plans offered by ICICI Lombard Health Insurance:

  • ICICI Lombard Complete Health Insurance
  • ICICI Lombard Health Booster
  • ICICI Lombard Personal Protect Insurance Policy
  • ICICI Lombard Health Care Plus Policy
  • ICICI Lombard Group Personal Accident Policy
  • ICICI Lombard Group Health Insurance
  • 8600+ Network Hospitals

Features of ICICI Lombard Health Insurance

  • 4yrs Waiting Period for Pre-existing Disease
  • 76.89 Incurred Claims Ratio
  • 10,14,478 Number of Policies Issued
  • 98.91% Grievances Solved
  • Lifetime Renewability

Benefits of ICICI Lombard Health Insurance

  • Permanent Renewal: Protect yourself with Lombard ICICI insurance policies with a permanent renewal option so you can get medical coverage when you need it most.
  • Procedure for quick requests: Cashless requests must be resolved within 4 hours of claim registration and claims within 14 days.
  • AYUSH Treatment Coverage: Get reimbursement of alternative treatments such as Ayurveda, Unani, Siddha and Homeopathy (AYUSH) in a hospital or government institution recognized by the government or accredited by the Health Quality Council. ‘India.
  • Supplementary coverage: For wider coverage, basic health insurance can be supplemented by additional cover such as maternity and neonatal coverage, health coverage, prevention and outpatient treatment.
  • Reset the face amount to 100%: Once per insurance year, the face amount will be reset to 100%, provided that the claim was made in the same policy year. The sum insured will be reimbursed for an illness or accident unrelated to the credit already paid.
  • Value-added services: Get a free health check, talk to a doctor online, see a specialist to stay fit and healthy.
  • Tax benefit: get the tax deduction of the premium paid for a health insurance policy in accordance with section 80D of the Income Tax Act 1961.

Why you should buy Health Insurance Online?

Conclusion:

With the steady rise in the cost of health and lifestyle-related diseases, health insurance has become a necessity for all.

Additionally, it’s imperative that each insured person carefully reads the terms and conditions for exclusions.

Thus, as per your requirement, you can select your plans from the listed top 5 Best Health Insurance Companies in India in 2019 or connect to Insurance aggregator POLICY PLANNER for comparison of health insurance plans provided by all top & best health insurance companies in 2019

Also read: Diseases covered & not covered in health insurance

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FAQS

Q. What tax benefits will I get by taking Health Insurance?

Answer Insured persons are entitled to attractive tax benefits for the premiums they pay for a health insurance policy in specific sections of the Income Tax Act 1961.

Q. ​​​What do you mean by Pre and Post-Hospitalization charges in health Insurance?

Answer Pre-hospitalization costs are health costs incurred prior to hospitalization, while post-hospitalization costs are those incurred after discharge of the insured’s hospital. The duration of coverage of pre- and post-hospital costs may differ from one plan to another.

Q. In Health Insurance, what does “health check” facility mean?

Answer Some health insurance policies pay for specified expenses towards general health check-up once in a few years. Normally this is available once in four years.

Q. What is the method of claim processing followed by the health insurance companies in India?

Answer: The complaint resolution process is the real test of your health plan. You should inquire about the claims process of the company to determine if the process is simple or ambiguous. Also, be sure to note if the company resolves claims in cash or by refund. A cashless facility is the best solution to avoid any financial burden related to medical expenses.

Q. Who should have a health insurance plan?

Answer: A person who wishes to improve the existing health insurance must absolutely choose the fixed health insurance plans.
In addition, a person who is fearful of being exposed to a loss of income due to the excessive costs of hospitalization should definitely choose this plan. Employers do not offer a paid medical license from time to time. 
This is a continuing benefit for the Saver Health Insurance Plan. Anyone of any age can have a serious illness

Q. Is it necessary to buy top 5 Best Health Insurance Companies in India in 2019?

Answer: It depends on your requirement. Buying from top 5 Best Health Insurance Companies in India in 2019 removes all the basic hassles of investing time & efforts by plan comparison of 20+ insurance companies or getting influenced by insurance agents.

Created by Rishabh Mishra

Content Writer & SEO intern who specializes in Advertising & PR. Know more at LinkedinQuora
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