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Top 5 Indian Health Insurance Companies

Published On Dec 02, 2020 5:30 AM By Sakshi Aggarwal

Health insurance purchase may not be a compulsion in India, but it is definitely a requisite. An ideal health insurance policy not only helps an individual strengthen their financial backing, but also maintain their peace of mind in an adverse medical situation. If you too lack health insurance as of now, make sure you analyze your specific medical needs and buy an affordable policy to provide you support at the time of need. Since there are many health insurance companies offering a vast range of health insurance policies with extraordinary coverage features, it would be easy for you to find one. However, for your ease, below mentioned is a list of the top 5 health insurance companies to choose your policy from in the first place.

List of Top 5 Health Insurance Companies on the Basis of CSR

Here are the top 5 health insurance companies you can rely on for your health insurance purchase. Note that the list is made on the basis of CSR or Claim Settlement Ratio. If new to the concept of CSR, learn that it refers to the total number of claims settled by the health insurance company.

The list comprises:

Health Insurance Companies

Claim Settlement Ratio

Iffco Tokio


Magma HDI


New India Assurance


Oriental Insurance


Bajaj Allianz


1. Iffco Tokio - Iffco Tokio is one of the large private sector general insurance companies. It has a claim settlement ratio of 96.57%. Incorporated in the year 2000, Iffco Tokio provides a wide range of plans including Family Health Protector, Individual Health Protector Policy, Corona Kavach Policy, Corona Rakshak Policy, Individual Medishield Policy, and more. For more details, click here.

2. Magma HDI - Magma HDI is one of the small private sector general insurance companies. It has a claim settlement ratio of 96.41%. A joint venture between Magma Fincorp Limited and HDI, the company provides a vast array of plans including OneHealth Insurance Policy, Aarogya Sanjeevani Policy, and Corona Kavach Policy. Check here for more.

3. New India Assurance - New India Assurance is one of the public sector general insurance companies. It has a claim settlement ratio of 95.92%. Having completed its 100 years recently, the health insurance company offers a wide series of policies including Floater Mediclaim, Mediclaim Policy, Corona Kavach Policy, Senior Citizen Mediclaim Policy, and more. Details can be found here.

4. Oriental Insurance - Oriental Insurance is a public sector general insurance company. It has a claim settlement ratio of 94.28%. Founded in the year 1947, Oriental Insurance has a massive policy range to offer. Some of the popular plans include Happy Family Floater Policy, Individual Mediclaim Policy, HOPE (Health of Privileged Elders), and more. For details, click here.

5. Bajaj Allianz - Bajaj Allianz is one of the large private sector general insurance companies. It has a claim settlement ratio of 93.68%. Having its headquarters in Pune, India, the company provides a vast range of policies that include Silver Health, Tax Gain, Surgical Protection Plan, and more. For detailed information, click here.


Now that you have a list of the top 5 health insurance companies, make sure you end up buying the ideal policy as per your needs. Do not forget to consider all your precise needs, premium, network hospital list as well as the claim settlement ratio so that you do not face disappointment at the last moment.

You May Also Like to Read: Here's Presenting a List of All Health Insurance Companies in India
Health Insurance Claim Settlements-Know The Process Here
Types of Health Insurance Policies Available in India

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.


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