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Top 10 Health Insurance Companies in India 2024

The question of the hour is, "Are you looking for the best health insurance companies?" If yes, then you are at the right place as we are here to provide you with valid answers to all your important questions.

As per the list generated by IRDAI, 28 general insurance companies offer different types of insurance and 5 stand-alone companies offer only health insurance. Although, when it comes to health insurance companies, all 33 health insurance-providing companies are the best.

Defining the top 10 health insurance companies in India does not depend on a singular factor. However, there are multiple criteria defining the same:

  • Claim Settlement Ratio (CSR)
  • Key features
  • Efficient customer support
  • Benefits provided
  • Customer reviews

Health insurance is one of the crucial components of financial planning. It offers financial security and peace of mind during the hard times of medical emergencies. In India alone, there are loads of health insurance companies that provide a range of medical policies to their customers. Mostly, they promise quick customer support, easy buying procedures, affordable premiums, great features & benefits, and efficient claim processes. But, it is a confusing task to choose the best policy for us out of so many policies readily available today. To solve this problem, we have a compilation of the best health insurance companies in India that offer you the best health plans.

Explore the Top 10 health insurance companies in India to make a suitable purchase decision for yourself and your loved ones.

List of 10 Best Health Insurance Companies in India 2024

We have closely analysed each company and found that these top 10 health insurance companies are the best.

Insurance Company
Claim Settlement Ratio for FY (2021-22)
Network Hospitals
Solvency Ratio
Incurred Claims Ratio (2023)
Star Health and Allied Health Insurance 99.06%14000+265
Care Health Insurance 100% 11400+ 1.8 53.82
Niva Bupa Health Insurance 99.99% 10000+ 1.7 54.05
HDFC ERGO Health Insurance 98.49% 12000+ 1.7 79.04
ICICI Lombard Health Insurance 97.07% 7500+ 2.5 77.33
Aditya Birla Health Insurance 99.41% 11000+ 2.3 64.48
ManipalCigna Health Insurance 99.90% 8751+ 1.5 64.66
TATA AIG Health Insurance 93.55% 10000+ 3.9 78.33
SBI Health Insurance 95.04% 6000+ 1.8 73.92
Reliance Health Insurance 98.65% 10,000+ 1.5 86.31
What is Insurance Company?

Any company that sells an insurance policy is the insurance provider. A good insurance company has a high CSR, solvency ratio, good customer reviews, a vast product portfolio, and transparency towards its customers.

What is Claim Settlement Ratio?

Claim Settlement Ratio is the percentage of claims settled by an insurer compared to the total claims received in a financial year. A good CSR lies somewhere between 95 to 99 percent.

What is Network Hospitals?

All the hospitals that have a tie-up with an insurance company where the policyholders of that company can get cashless treatments are known as the network hospitals.

What is Solvency Ratio?

Solvency ratio denotes the insurer's ability to settle its long term debts by comparing the company's available capital to its total liabilities.

What is Incurred Claim Ratio?

The ratio of the entire claim amount paid by the insurer to the total premium collected in one financial year is called the incurred claim ratio (ICR).

Best Health Insurance Companies- At a Glance

Star Health and Allied Insurance Company

One of the leading standalone health insurance companies, Star Health has amassed a vast customer base and has helped its customers by providing them with comfort and financial security during the hard times. Star Health Insurance has various products of health insurance featuring AYUSH treatment, 14000+ network hospitals for the best Medicare along with domiciliary hospitalization, day-care treatment, and much more.

  • India's one of the top standalone health insurance companies.
  • You can get a 360-degree wellness system if you purchase your health insurance from Star Health Insurance.
  • You can avail of a cashless claim settlement within 2 hours.
  • You can get the benefit of AYUSH treatment as well along with other benefits.

Care Health Insurance Company

Care Health Insurance formerly known as Religare Health Insurance is a specialized standalone company in India. With a history dating back to its establishment in 2012, Care Health aims to make quality healthcare accessible to every citizen. They offer very innovative health insurance products that cater to the diverse healthcare needs of individuals and families. With a strong emphasis on customer satisfaction and ethical business practices, Care Health Insurance has established itself as a reliable and reputable entity in the Indian Insurance industry.

  • Earlier Care Health Insurance was known as Religare Health Insurance.
  • Care is one of the top health insurance companies having 24800+ healthcare providers.
  • You can get the best health insurance as well as micro-insurance products for rural and urban areas.
  • You can avail of health care services at any of the network hospitals. And they have networked with more than 11400+ hospitals in India.

Niva Bupa Health Insurance

A standalone health insurance company, founded in 2008. The main aim of the company is to provide complete protection against your medical bills. Like any wise investment, health insurance by Niva Bupa can be your valued investment partner. Niva Bupa Health Insurance Company is recognised by several awards 'The Economic Times Best Brand- 2019' and many others.

  • Niva Bupa Aspire is one of the best and top-selling plans in India.
  • The most highlighted feature of Niva Bupa Health insurance plans is that you can make a claim and get the process started within 30 minutes.
  • You will get coverage for ambulance charges, doctor consultations, organ donors, and daycare.
  • Niva Bupa provides health insurance to people based in over 190 countries.
  • The plan premiums at Niva Bupa start as low as Rs 20 per day.

HDFC ERGO Health Insurance

HDFC ERGO Health Insurance Company is a joint venture of HDFC Limited and ERGO International AG. It has become a prominent insurance company that offers a wide range of healthcare coverage solutions. HDFC ERGO is known for its commitment to providing comprehensive and customer-centric health insurance plans. The company has a network of more than 12000+ branches spread across 170+ places. Their dedication to innovation, transparency, and customer satisfaction sets them apart in the insurance sector.

  • With HDFC ERGO health insurance, you can get 100% of your coverage restored instantly after your first claim.
  • You can get a free health check-up within 60 days of renewal of the policy.
  • The company provides comprehensive coverage related to any medical expenses.
  • You will get a 100% restoration benefit on the base coverage if you claim in the same policy period.

ICICI Lombard Health Insurance

ICICI Lombard Health Insurance company has created a prominent niche for itself in the Indian Insurance sector. It is a joint venture of ICICI Bank Limited from India and Fairfax Financial Holdings Limited from Canada. The company offers a wide range of health insurance that covers the expenses of hospitalization, daycare procedures, ambulance charges, and domiciliary hospitalization.

  • They offer comprehensive health insurance plans.
  • With the family floater plan of ICICI Lombard Health Insurance, you can cover up to 5 members of your family.
  • You can get the super top-up plan that can give additional coverage to you and your family.
  • The company has insured more than 32.7 million policyholders by now.

Aditya Birla Health Insurance

A subsidiary of Aditya Birla Capital, Aditya Birla Health Insurance is a company that provides several plans to safeguard you in case of a medical emergency. With the plans by Aditya Birla, you will get benefits like cashless treatment, ambulance charges, AYUSH treatment, and much more.

  • Aditya Birla Health Insurance has a presence with over 60 digital partners.
  • They offer several health insurance plans that can cover everyone, such as children, adults, senior citizens, critical illness patients, and women.
  • The main agenda is dedicated customer support.
  • The app by Aditya Birla named Activ Health is there to support and motivate you to stay healthy.

ManipalCigna Health Insurance

India's second largest healthcare chain, in 2014 Manipal Group came up with ManipalCigna health insurance plans to give financial protection in case of medical emergency. By now they have served up to 1 lakh customers with their top-notch health insurance products.

  • The usual waiting period for pre-existing diseases is 2 years for all the ManipalCigna health plans.
  • You will get the additional benefit of free health check-ups with the plan.
  • When opting for employer-employee coverage, you will get additional benefits.
  • They have been recognised as the Best Innovation for Products in 2024.

TATA AIG Health Insurance

A joint venture between TATA Group and AIG Group. Tata AIG health insurance plans that cater to the needs of you and various members of your family. They have plans for individuals, families, women, senior citizens, and children.

  • These plans will give financial protection in case of hospitalisation, accident, domiciliary treatment, surgeon cost, OPD coverage, and much more.
  • They offer 24 hours claim settlement option.
  • They offer ambulance coverage in all of their plans.
  • You will opt for a sum insured of up to INR 3 Crore.

SBI Health Insurance

SBI is the nation's trusted banking option, but yes they offer health insurance products as well. SBI health insurance is one of the fastest-growing private general insurance companies. They are carrying forward the legacy of trust and security of their customers.

  • The most transparent, health insurance company that offers many affordable health plan options.
  • The claim settlement process is superfast, your claim will be settled within 6 hours.
  • You will get the option of several add-on covers for enhanced coverage.
  • Ambulance charges will also be covered under the plans by SBI General Insurance.

Reliance Health Insurance

Started in the year 2000, the company Reliance Health Insurance is the independent subsidiary of Reliance Anil Dhirubhai Ambani Group. Currently, they have 11 health insurance plans to cater for the needs of the general public.

  • Total 127 branches in India.
  • Average 4.2 customer rating.
  • You can opt for direct claim settlement from the company.
  • Their main goal is to make affordable insurance accessible to all.

How To Identify Top 10 Health Insurance Companies In India

Look for the following factors to determine the top 10 health insurance companies:

  • High CSR

    A claim settlement ratio is the hallmark of trust and reliability for any health insurance provider. A high CSR indicates the number of claims settled by the insurer in a financial year as compared to the number of claims filed. To know the CSR of each company you can visit our data labs.
  • Vast Product Portfolio

    The top 10 health insurance companies are the ones that offer a wide range of health insurance products. You need to opt for health insurance providers that offer various health plans like an individual, family, critical illness, senior citizen, etc to suit your every need. Visit to understand about different companies.
  • Brand Legacy

    Opt for legacy brands that have been around and built customer trust over the years. Such companies are part of the top health insurance companies in the Indian market due to their long-standing service towards the customers with health plans, customer service, and end-to-end claim settlements.
  • Efficiency

    The top 10 health insurance companies are the ones that offer prompt and efficient customer support not only during claim settlements but also during queries. Making customers feel supported leads any health insurance company to be a trusted brand. Recognise these companies that will offer support to you in emergencies. You can also call us to understand more.
  • Minimal Limitations

    A common USP of health insurance companies in India is designing health insurance plans with minimal limitations. Such as no room-rent limits, no disease-specific sub-limits, etc. Such health plans offer peace of mind and satisfaction to the insured individual.

How to choose the best Health Insurance Company?

Choosing the best health Insurance Company requires careful consideration of several factors. Here are some points to remember before choosing a health insurance company.

  • Understand Your Needs

    Determine what coverage is suitable for your needs and how much you can afford to pay in premiums.
  • Research Your Options

    Look for health insurance companies and check for their reviews and CSR reports.
  • Compare Plans

    Gather the information on the plans offered by different insurance companies. Pay your attention to the coverage details, including in-network and out-network providers. Also, compare the premiums, deductibles, co-pays, and out-of-pocket maximums.
  • Check Provider Networks

    Make sure that your preferred doctors, specialists, hospitals, and healthcare facilities are in the network of the insurance company.
  • Read the reviews and ratings

    Check the customer reviews or ratings of the insurance companies you are considering. Pay attention to the satisfaction of the customers and claim processing.
  • Check the Financial Stability

    Research the financial stability of the insurance company by reviewing its ratings and financial statements.
  • Understand Exclusions and Limitations

    Carefully review the policy documents and understand the coverage, exclusions, and limitations.
  • Customer Service

    Try talking to the customer care of the selected company by asking questions and evaluating their response, how they are helping you, and their willingness to assist you.
  • Check for Additional Benefits

    Some insurance plans offer a few additional benefits like wellness programs, telehealth services, and much more. Consider whether these extras are valuable to you.
  • Seek Professional Advice

    Consider consulting with the expert for your doubts and queries.

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Health Insurance Companies

Tax Benefit With Health Insurance

You can opt for any health insurance company to get tax benefits under section 80D. You can check the following criteria to understand tax benefits for different individuals.

Types of Policyholders Tax Benefit (Deductions) In Rs.
Age above 60 years Age below 60 years
Parents 50,000 25,000
Dependent children None 25,000
Spouse and Self 50,000 25,000
Preventive Healthcare 5,000 5,000

Insurance holders are eligible to buy health insurance plans with the tax deductions mentioned above.


A reliable health insurance policy is essential for safeguarding your financial well-being in case of unexpected medical expenses. The top 10 health insurance companies listed here can serve as a starting point for your research, but you need to dig deeper before selecting the perfect insurance policy for yourself. So, we have chosen these top 10 health insurance companies among 30 companies based on

  • Benefits provided by the company,
  • Premiums,
  • Claim settlement,
  • Customer support
  • Customer reviews.

To know more about health insurance. If you have any doubts, you can call us at the toll-free number 1800-4200-269

Top Health Insurance Company: FAQ's

1. Top 5 health insurance companies in India based on claim settlement ratio.

The following are the top 5 health insurance companies in India based on the latest claim settlement ratio (CSR) for the year 2021-22:

  • Care Health Insurance (100%)
  • Niva Bupa Health Insurance (99.99%)
  • Navi Health Insurance (99.99%)
  • ManipalCigna Health Insurance (99.90%)
  • Aditya Birla Health Insurance (99.41%)

2. Which is the most popular type of health insurance?

The 2 most popular health plans are individual and health policies for family.

3. Which health insurance company has the highest incurred claim settlement ratio in India?

As per IRDAI's 2023 data, Raheja QBE Health Insurance Company has the highest incurred claim settlement ratio which is 138.67%.

4. How many health insurance companies are there in India?

There are a total of 33 companies that provide health insurance in India.

5. Can I port my policy from one health insurance company to another one?

Yes, you can port your health insurance policy from one company to another. You need to follow the process of porting. You can discuss your query with the company and fill out the form for the porting process.

6. Is there any health insurance company in India that covers insulin expenses?

Yes, insulin charges will be covered under diabetes health insurance. Plans from Star Health Insurance, Care Health Insurance, Aditya Birla Health Insurance, HDFC ERGO Health Insurance and many more will cover insulin charges.

7. What are the benefits of a health insurance policy?

Health insurance policy covers pre and post-hospitalisation expenses. It covers you from high and unexpected medical expenses.

8. What does the waiting period for a health insurance policy mean?

Waiting period in health insurance plans is the period for which you need to wait before getting the insurance benefits. It starts from the date of policy commencements and the insured cannot claim health insurance benefits during that time.

9. What are the top 10 health insurance companies in India according to CSR?

The top 10 health insurance companies as per the claim settlement ratio (CSR) are:

  • Care Health Insurance
  • Niva Bupa Health Insurance
  • Navi Health Insurance
  • ManipalCigna Health Insurance
  • Aditya Birla Health Insurance
  • Star Health Insurance
  • Reliance Health Insurance
  • HDFC ERGO Health Insurance
  • ACKO Health Insurance
  • ICICI Lombard Health Insurance

10. How to select the top 10 health insurance companies in India?

When looking to purchase a health plan from the top 10 health insurance companies in India consider the following factors:

  • High Claim Settlement Ratio
  • Vast Product Portfolio
  • Brand Legacy
  • Minimal Limitations
  • Efficiency

11. Which standalone companies are a part of the top 10 health insurance companies in India?

Stand-alone companies like Care Health Insurance and Star Health Insurance are among the top 10 health insurance companies in India. You can opt for a wide range of health insurance products when opting for these stand-alone health insurers.

What Our Customers Have to Say

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Achintya Sharma


May 10, 2024

I’ve been covered by HDFC ERGO Platinum Health Guard plan for years now, and it has been a lifesaver. The coverage is extensive, and the claim process is so easy. I highly recommend the p...

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Parag Mehta


May 10, 2024

I’m impressed with the assistance of the ManipalCigna Prime Senior Insurance policy that I’ve bought for my father. I don’t fear now being a NRI because I’m assured of h...

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Anshul Garg


May 10, 2024

The ManipalCigna LIfestyle Protection Critical Care Policy has coverage for up to 30 critical illnesses with a sum insured of up to 25 Crores. If you’re searching for a policy like this, ...

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Shivalika Varghese


May 10, 2024

If you are searching a health insurance like ManipalCigna ProHealth choose that offers straightforward claim assistance and the flexibility to optimize your coverage, go for it.

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Pratibha Chandrakar


May 10, 2024

I was majorly focused on pre and post-hospitalization expenses coverage and found the best health coverage for these with the ManipalCigna ProHealth insurance policy.

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Kanupriya Ghadge


May 10, 2024

For anyone who’s looking for a comprehensive health insurance policy, I would recommend buying the ManipalCigna ProHealth Prime insurance plan as it provides maximum coverage.

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Neelam Sharma


May 10, 2024

Star health has been my health insurer for more than 2 years and I am happy. Thanks to PolicyX for suggesting me Star Health

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Adi Kukreja


May 10, 2024

My wife fell ill and was diagnosed with jaundice, due to which she had to be hospitalised for a week. But Star’s Family Health Optima Insurance Plan helped me pay the bill and PolicyX mad...

Simran Saxena

Written By: Simran Saxena

An explorer and a curious person, Simran has worked in the field of insurance for more than 3 years. Traveling and writing is her only passion and hobby. Her main agenda is to transform insurance information into a piece that is easy to understand and solves the reader’s query seamlessly.