Top 5 Private Health Insurance Companies in India 2016

private health insurance companiesGone are the days when medical insurance was viewed in India as a high-end. In this age of increasing medical inflation, health care expenditures are surpassing our price. It is far from being sensible to depend upon our own cost savings to pay medical costs. Although, a lot of us have group health covers that are either specific or household floater policies supplied by their companies, these strategies are not extensive and the advantages frequently disappoint real requirements. This is why a standalone health insurance is the requirement of the hour for us and our households. If you are uninformed of the increase of health care expense over the previous 10 years, here are some statistics for you.

Health care expenses are soaring in India

Medical treatment expenses had actually increased at more than 10% rate over the last years in both city and backwoods in India. Just recently, in the very first half of 2014 National Sample Survey Office or NSSO performed a study throughout the USA on the typical expense of hospitalization. Here are the findings;

5 finest medical insurance companies in India

Now that you understand how pricey it is for an Indian to handle health care expenses, you would certainly be trying to find a health cover to remain economically secured. However the trickiest part is finding the ideal medical insurance supplier merely since there are over 25 insurance providers running in India and all of them are far from being equivalent in regards to policy protection, premium quantity, insurance claim sustained ratio and lot numerous other specifications. To make your lives much easier, I made the effort to examine the quality of each medical insurance supplier in India and have actually developed a thorough list of 5 finest medical insurance provider in India and their most popular insurance items; both specific and household floater strategies.
Nevertheless, my function of offering the list of finest medical insurance companies is to make you knowledgeable about these insurance companies and their items. If you truly wish to obtain a health insurance, you have to go through lots of consider the similarity waiting duration, pre-existing diseases, claim-loading, list of exemptions, renewal procedure and a lot more. Picking the ideal medical insurance cover is not a breeze as it needs great deal of discretion.

Max Bupa

Max Bupa Health Insurance Company Limited is the result of a joint endeavor that happened in 2010 in between Max India Limited and Bupa which is a distinguished UK based Healthcare Group. Based from New Delhi, Max Bupa provides bespoke services and provides cashless treatment in more than 3500 medical facilities India. A few of the standout functions of a Max Bupa health insurance policy consist of cashless center and medical expenses for pre & post hospitalization. The company has actually currently bagged the "IT Leadership Award". Max Bupa is commonly considered among the very best medical insurance companies in India for its specific and household floater strategies.
Exactly what makes Max Bupa standout from the rest of insurance providers is they do not fill their insurance policy holders. Furthermore, this leading health insurance company in India figure out premium for their insurance items according to the area. They do not enforce any upper age limitation to obtain a health policy which helps with individuals regardless of their ages can purchase their health covers. In addition, Max Bupa medical insurance prepares had a life time renewal choice which is well and genuinely bliss for senior individuals. There are likewise advantages like pregnancy cover when the waiting duration is over.

Cigna TTK

Cigna Corporation and TTK Group combined with a view to assemble an insurance home entirely concentrating on providing health insurance items. The Company was certified by IRDA in 2013 and started to run from the February of 2014. Cigna TTK is among the couple of stand-alone medical insurance companies in India. Cigna TTK is extremely well-known for its economical insurance covers and robust customer care. The facility even intends to enhance individual health management to its insurance policy holders through its health insurance. Here is a list of medical insurance prepares readily available at Cigna TTK.
  • ProHealth Protect Plan
  • ProHealth Preferred Plan
  • ProHealth Plus Plan
  • ProHealth Premier Plan
  • Life Protection - Accident Care Plan
  • Life Protection - Critical Care Plan
Cigna TTK presented Cigna Global Health Policy, an unique group medical insurance item that covers Indian workers worldwide while circumnavigating the world. Cigna TTK is the partner of 2 popular Marathons particularly Standard Chartered Mumbai Marathon and Airtel Delhi Half Marathon.

Star Health

Star Health is a joint endeavor amongst some insurance veterans in India, ETA Ascon Group and Oman medical insurance Company. It is likewise the very first standalone medical insurance supplier operating in India to offer customers with specific and household floater health insurance.
The company got appeal for providing lots of an ingenious policy like Diabetes Safe implied for diabetic clients and Star Netplus to accommodate the requirements of individuals struggling with HIV+. Unlike other medical insurance facilities Star Health boasts an internal TPA. Their clients are likewise offered with the distinct center to talk to basic doctor totally free in a few of their medical insurance strategies.

Apollo Munich

Apollo Munich originated back in 2007 after the partnership in between Munich Health and Apollo Hospitals Group. Apollo Munich bagged the distinguished award of "Health Insurance Company of the Year" in 2014 for its quality in providing helpful health policies to make medical costs budget friendly.
Apollo Munich, under its "Optima Restore" policy provides cashless treatment choice in over 4000 health centers all over India. Aside from Optima Restore, other popular health covers available at Apollo Munich are Optima Cash, Optima Super and Energy and Easy Health.
The majority of the health insurance available at Apollo Munich boast some special characteristics in the similarity mobility of existing policies together with all due advantages and life time renewal alternative. Its health insurance likewise provide maternal cover, after a particular waiting duration.


Religare Health Insurance Company entered into look in 2012 when Religare Enterprises Limited, Union Bank of India and Corporation Bank consolidated one another. It is an Indian stand-alone medical insurance company.
The network of Religare Health Insurance Company for cashless hospitalization is huge as it incorporates over 4000 medical facilities throughout India.

How will you evaluate the reliability of a medical insurance supplier?

Those list of 5 finest medical insurance companies in India will absolutely offer you a concept about their offerings. This is very important due to the fact that prior to completing any insurance coverage you have to learn about protection, exemptions and other functions. However, together with the functions you ought to likewise get info on the performance history of these insurance companies in insurance claim settlement. The primary reason that you will purchase a health insurance in India is to obtain advantages like prevent paying by yourself pocket when a medical urgency takes place. If your insurance claim demand does not get authorized the entire function of acquiring a health policy would be beat. This is where insurance claim sustained ratio of a health insurance provider enters into play and needless to point out, you have to choose the insurance provider with unparalleled insurance claim sustained ratio.

A special contrast of insurance claim sustained ratio of 5 finest medical insurance companies in 2015

Health Insurance Provider
Premium earned (Net)
Claims Incurred (Net)
Incurred Claim Ratio
Max Bupa
Rs. 891210(up to 30th June 2015)
Rs. 576410 (up to 30th June 2015)
Cigna TTK
Rs. 81494 (up to 30th June 2015)
Rs. 51,897 (up to 30th June 2015)
Star Health
Rs. 3808408 (up to 30th June 2015)
Rs. 2188415 (up to 30th June 2015)
Apollo Munich
Rs. 1791609 (up to 30th June 2015)
Rs. 1146297 (up to 30th June 2015)
Rs. 691502.6 (up to 30th September 2015)
Rs. 416061.0
In easy words, the insurance claim sustained ratio is figured out by the insurance claim settled by a specific insurance provider to the overall premium that is gathered by that particular insurance service provider for a specific duration. For a circumstances, if an insurance company's sustained insurance claim ratio is 80% it suggests, the insurance company invests 80 Rs on insurance claim settlement for every single Rs 100 it makes from premium. This ratio shows how effective a basic insurer that offers medical insurance or a standalone medical insurance company is when it pertains to assert settlement. Certainly, your picked health insurance company should have high sustained insurance claim ratio.


Since the personal gamers have actually participated in Indian insurance sector, the market went from strength to strength and insurance policy holders acquired a variety of advantages. The majority of medical insurance companies have actually turned to TPAs to care for cashless hospitalization of insurance policy holders for quality medical treatment as well as for supplying support at the time of insurance claim settlement. Really just recently some websites have actually created long-lasting health insurance items too.
So, here are the very best medical insurance provider in India that carried out remarkably in 2015. You are now all set to pick the very best health cover for you and your whole household from either a basic insurer or stand-alone medical insurance companies. Nevertheless, if you still believe discovering the very best health strategy is challenging, here is a recommendations that you can attend to. Rather of going to each of these 5 insurer' websites you can constantly turn to online insurance contrast websites. GIBL is one such website that will care for your contrast procedure effectively and in a lot more faster style. Upon sending your individual information and the type of policy you wish to protect, GIBL will offer you with a list of health policies within a couple of minutes. All you have to do is choose the ideal health strategy and get it at the earliest due to the fact that GIBL likewise permits you to purchase the policy right from its website.
Disclaimer: These medical insurance strategies are neither ranked in rising nor in coming down order. These heath insurance companies are chosen by the author and show his individual option. It is recommended that purchasers utilize their discretion when picking any particular insurance item.