We do not want to get sick or hurt, but we cannot avoid experiencing sickness or accidents. These days, accidents are happening like a routine activity and there are many dirty environments, germs, bacteria, and viruses are bringing life-threatening health issues to people. Once you are sick or hurt, you need to take care of yourself with good medical care. We cannot say that everyone can afford money right after for their unplanned medical expenses. This is where health insurance plays a vital role in personal finance Blogs. The health insurance is something that can cover the costs included in the medical expenses.

With no doubts, the health insurance will protect you from unexpected medical bills. Besides covering your medical bills, the health insurance will provide a lot of benefits to you which are enough medical care with no insufficiency, cover pre-existing health issues, financial security, tax benefits and more. It is advisable to plan for health insurance as early as possible because you will never know when you will experience an emergency situation. There are many health insurance plans to choose from. Among that, you should choose the right plan for you. Choosing the right insurance company will help you choose the right plan.

Top Health Insurance Companies
To keep you informed about the top health insurance companies, MarketVein have explained some points below.

1. ICICI Lombard General Insurance Company Limited
The main product offered by this company is the health insurance. The health insurance plan offered by this company offers full coverage for expenses incurred in a case of a medical emergency. The various costs covered by the health insurance plans of this company are, dental expenses, ambulance charges up to a limit, cost of hospitalization and room rent. The claim ratio of the health insurance plans offered by this company is 87.38%. You can find various health insurance plans in this company to select from. All you have to do is to select the right health insurance plan that can make a big difference to your medical care.

2. New India Assurance Company Limited
It is the government insurance company operating in India. This insurance company has been operating since from the year 1919. This company is well-known for its Mediclaim policy. The best feature offered under the health insurance policy of this company is that it provides different ratings for major metros. The claim ratio of the health insurance plans offered by this company is 98.78%. With their various health insurance options, this company will help you choose the insurance plan that can make the most to you. Be it the reputed company, they can offer the best plan.

3. Apollo Munich Health Insurance Company Limited
This company has been in business for so long. This company is well known for their cost-effective health insurance plans and had an outstanding record of incurred claim ratio of 63.03% for the year 2014 to 2015. To add more strength to their existing health insurance policies, the company has added features like lifelong renewability and portability. You can surely find various health insurance policies in this company and by the way, you can find something for you. You can get in touch with the experts to choose the best plan for you.

4. Cigna TTK Health Insurance Company Limited
This is a new company in the Indian health insurance market. The reason is that, this company was launched in the year 2014 and it is just 4 years old. Regardless of years of experience, this company has fallen into the category of best health insurance company’s list. The claim ratio of the health insurance plans offered by this company is 64.32% for the year 2014 to 2015.

5. Star Health & Allied Insurance Company Limited
This company had a record of incurred claim ratio of 63.96% for the academic year 2014 to 2015. The company contains an in-house claim settlement procedure to deal with cashless hospitalization facility. The best part of choosing this company is that the company contains some beneficial health insurance plans to cover the medical expenses and offer protection to the HIV and diabetes patients.

6. Oriental Insurance Company Limited
It is another government health insurance company that proudly offers a wide range of health insurance plans in India. The best and impressive part of this company is that you do not need to do a pre-policy medical test up to the age of 60 years. On the other hand, there are health insurance companies that require medical examination done for people that are below 45 years of age. The incurred claim ratio of the company is 117.02% for the year 2014 to 2015.

7. Max Bupa Health Insurance Company Limited
It is one of the reputed insurance companies in India. This company had a record of incurred claim ratio of 55.16% for the academic year 2014 to 2015. People right from individuals to all age group can find the best health insurance plan in this company. All you ought to do is to visit the company in person and get informed about the health insurance policies of the company.

8. National Insurance Company Limited
It is completely a government-owned health insurance company. This company has been operating for more than a century. With no doubts, this insurance company can offer the best and productive health insurance plans to the individuals. The incurred claim ratio of the company is 110.02% for the fiscal year 2014 to 2015. The Varishtha Mediclaim is reckoned as the best health insurance plan offered by this company. This insurance plan is for senior citizens.

9. Bajaj Allianz General Insurance Company Limited
This company has some interesting health insurance plans to choose from. The health insurance plans of this company can offer huge benefits to the customers from a particular age group. This company offers three main health insurance plans which are Star Package, Health Guard, and Silver Health. All these plans get hold of some stunning benefits for the customers. The customers can choose any health insurance plan among the three. This company is the first company to offer captive TPA services with some extra benefits. The incurred claim ratio of the company is 73.59% for the fiscal year 2014 to 2015.

10. Religare Health Insurance Company Limited
This is a company that has exhibited extraordinary growth and results in a short period of time. With their short-term growth, this company has set up a benchmark in the Indian insurance market. The incurred claim ratio of the company is 61.13%. This health insurance company has been appreciated and promoted from time to time by the Fortis Hospitals. You can find some best and better health insurance plans in this company to choose for you. The experts of the company will help you choose the best health insurance plan for you.
I hope this article would have been useful to you to get to know about the various best health insurance companies in India. With this information, you can able to choose the best health insurance company that can match your requirements and budget. With the health insurance plan, you can keep yourself safe and could able to pay for your medical expenses without needing to stretch it for so long.

 

Author's Bio: 

Born libra, likes to lead from the front. Digital Marketing & Technology is his strength. He has pursued engineering. Traveling to new places is his idea of fun. In his free time, he is seen donning the chef's hat at home.