Best Health Insurance Companies in India November 2023

Every health insurance company is distinct from each other in its own way and it is tough to find a health insurance company that can suit everyone’s needs. The definition of the best health insurance company varies from individual to individual depending on their requirements and health goals. For example, some people may prefer one insurance company over another because of its large network of partner hospitals that provide cashless claim services, while others may value the quality of services provided or the availability of customer service.

Listed below are some of the common factors that you must consider while buying health insurance plans in India:

1. Availability Of Health Insurance Plans

While some insurance companies only offer individual health insurance and family health insurance, others offer plans targeted to certain groups such as women, children, and senior citizens. So, always buy a plan from the insurance company that offers a plan matching your requirements.

2. Cashless Network Hospital

Every health insurance company has a number of hospitals with which it has a tie up to provide cashless claim solutions. When selecting a health insurance company, it is imperative to check the strength of the cashless network hospital the company is offering. The wider the network, the better it is so that you can initiate a cashless claim at a nearby hospital.

3. Claim Settlement Ratio

The claim settlement ratio of a health insurance company determines the number of claims settled by the insurance company out of the total number of claims received in one financial year. The higher the claim settlement ratio, the better it is.

4. Customer Support Service

Another important thing to keep in mind is to check on the customer service offered by the health insurance company.. Make sure to choose a health insurance company that offers 24*7 customer service so that you can get immediate help whenever you want.

5. Business Volume

The total number of policies sold and premiums collected by an insurance company is referred to as business volume. An insurance company with more policies sold has a higher market share and, as a result, can be trusted by the people. Business volume can be considered as a parameter to judge health insurance companies where higher volume means greater trust among the customers.

6. Claim Settlement Process

It is very important that you select an insurance company that offers a smooth claim settlement process since no one wants to deal with time-consuming, complicated operations in the middle of an emergency. As a result, it is recommended that you choose an insurance company with a smooth claim settlement process in order to save on time and effort.

7. Reviews And Ratings

Knowing reviews from existing policyholders about a health insurance company helps you make an informed decision. For this, you can read customer reviews of different insurance companies at InsuranceDekho and go for the company that has positive feedback. Also, consider the star ratings of the insurance companies which again you can find on InsuranceDekho’s website. You can also do some research in order to choose the best insurance company.

8. Awards and Accolades

The website of all insurance companies has a dedicated section where you can find a complete list of awards and accolades. The greater the number of awards and recognitions, the more respectable the company is. So, when choosing an insurance company, go with the one that has consistently won several awards and accolades that makes them the best in the business.

9. Customer Support

A good insurance company has a great customer support team. So, you must choose an insurer who is available 24*7. They must have a helpline number where you can call and get your grievances addressed. Not only call, but you should also be able to reach out to them via email, chat, etc. It makes it easy for you to face several doubts related to health insurance coverage when the insurer is helpful and easily approachable.

10. Digital Presence

As most insurance-related work now takes place online, you no longer need to visit an insurer's office, chase down insurance agents, pay any brokerage fees, or do any paperwork to get health insurance. All of this may be done easily through the insurer’s official website or an insurance aggregator. Thus, it is imperative that you buy a health insurance plan from an insurance company that has a strong digital presence so that it is easier for you to purchase the plan from the comfort of your home.

How To Buy A Suitable Health Insurance Policy Online in India With InsuranceDekho

InsuranceDekho offers a quick, transparent, and paperless process to buy health insurance. All you need to do is follow the simple steps given below and you can own the policy within a few minutes.

Step 1: Visit InsuranceDekho and click on the tab for ‘health’.

Step 2: Select your Gender. Enter your Name and Mobile Number. You will receive an OTP on the given mobile number, enter that.

Step 3: Tell us when you plan to buy the insurance policy. Click on ‘View Instant Quotes’ to proceed.

Step 4: Select the family members you want to include in the policy along with yourself. Click on ‘Continue’.

Step 5: Enter the age of the selected family members. Click ‘Continue’.

Step 6: Enter your Email ID and City and click on the ‘Submit and View Quotes’ button. You will see that the quotes will appear on your screen after which you can pick the one that best suits all your requirement.

Step 7: Choose the tenure of the selected health insurance plan, enter the required details, and proceed with the payment.

After successful payment of the health insurance premium, you will receive the policy documents via mail within the stipulated time.

It can be difficult to find the right health insurance provider in India because there are so many. As a result, search for one with a good claim settlement ratio, a large network of hospitals, smooth claim settlement process and a wide range of sum insured options. The aforementioned factors will assist you in selecting the best health insurance plan as well as the best health insurance company.

Best Health Insurance Companies in India

There are a number of health insurance companies in India that offer a wide range of health insurance plans to meet the medical needs of all age groups. Health insurance providers uniquely and carefully design their health insurance plans so that they can offer the right coverage to all their customers. Every health insurance company aims to provide its customers with a variety of features and benefits through its varied products. We also understand that finding a health insurance company that can meet all your needs can become difficult at times.

So, below, we have listed some of the leading health insurance companies in India. It is imperative to check the claim settlement ratio (CSR), a number of network hospitals, types of plans offered, etc, while comparing these health insurance providers in order to make an informed decision.

Here is a list of the top health insurance providers based on the claim settlement ratios (CSR):

There are 30 health insurance companies in India that provide a wide range of health insurance plans to cater to different health insurance requirements of different people. Health insurance providers uniquely and carefully design their health insurance plans so that they can offer the right coverage to all their customers. Out of these 30 health insurance companies in India, 25 are general insurance companies which offer other types of insurance policies also in addition to health insurance plans and the rest 5 are standalone health insurance providers.

Every health insurance company aims to provide different features and benefits to its customers via its wide array of offerings. Sometimes, it becomes a little difficult to figure out or choose a health insurance company on which you can depend completely for all your health insurance requirements.

So, below, we have listed some of the leading health insurance companies in India. It is imperative to check the claim settlement ratio (CSR), number of network hospitals, types of plans offered, etc, while comparing these providers in order to make an informed decision.