Why We Must Need Health Insurance?
Health is wealth! But what happens when unexpected medical emergencies drain your savings? That’s where health insurance becomes a lifesaver, offering financial protection, access to quality healthcare, and peace of mind. With rising medical costs, having a health insurance policy is no longer an option—it’s a necessity!
In India, medical inflation is increasing by 14% annually, making treatments expensive. A simple hospital stay can cost ₹50,000 – ₹2 lakhs, while critical illnesses like cancer or heart disease may require ₹10 lakhs or more. Without health insurance coverage, these expenses come directly from your pocket, putting financial stress on your family.
Below, we provide a list of the Top 10 Best Health Insurance Companies in India and the 7 essential factors you must consider before choosing a health insurance plan.
Top 10 Health Insurance Companies in India – Comparison Table & Essential Factors
| Insurance Company | Claim Settlement Ratio (%) | Premium Affordability (₹ per annum) | Network Hospitals | Waiting Period (in years) | No-Claim Bonus (NCB %) | Cashless Claim Approval Time (hrs) | Final Rating | Check Plans Now |
|---|---|---|---|---|---|---|---|---|
| Acko General Insurance | 96.5% | ₹5,000 – ₹8,500 | 7,000+ | 2-3 | Up to 50% | 2-4 hrs | 4.5/5 | Check Plans Now |
| Star Health Insurance | 94.2% | ₹6,500 – ₹10,000 | 14,000+ | 2-4 | Up to 100% | 2-3 hrs | 4.6/5 | Check Plans Now |
| HDFC ERGO Health | 97.0% | ₹7,500 – ₹12,000 | 12,000+ | 2-4 | Up to 50% | 3-6 hrs | 4.7/5 | Check Plans Now |
| Bajaj Allianz Health | 98.0% | ₹6,000 – ₹11,500 | 8,000+ | 2-3 | Up to 50% | 4-8 hrs | 4.3/5 | Check Plans Now |
| Niva Bupa Health | 93.8% | ₹6,000 – ₹9,500 | 10,000+ | 2-4 | Up to 50% | 4-6 hrs | 4.2/5 | Check Plans Now |
| ICICI Lombard Health | 95.5% | ₹7,000 – ₹12,500 | 8,500+ | 3-4 | Up to 50% | 3-5 hrs | 4.4/5 | Check Plans Now |
| Reliance General Health | 92.5% | ₹5,500 – ₹9,000 | 7,500+ | 2-3 | Up to 40% | 4-7 hrs | 4.0/5 | Check Plans Now |
| SBI General Health | 91.2% | ₹6,200 – ₹10,800 | 6,500+ | 3-4 | Up to 30% | 5-8 hrs | 3.9/5 | Check Plans Now |
| Tata AIG Health | 94.0% | ₹6,800 – ₹11,200 | 9,500+ | 3-4 | Up to 50% | 3-6 hrs | 4.1/5 | Check Plans Now |
| ManipalCigna Health | 93.5% | ₹7,200 – ₹11,500 | 6,800+ | 3-5 | Up to 50% | 4-7 hrs | 4.0/5 | Check Plans Now |
7 Must-Know Health Insurance Factors Before Buying!
1. What is Claim Settlement Ratio?
✅ Bajaj Allianz Health – 98.0%
✅ HDFC ERGO Health – 97.0%
✅ Acko General Insurance – 96.5%
2. What is Premium Affordability (₹ per annum)?
✅ Acko General Insurance – ₹5,000 – ₹8,500
✅ Reliance General Health – ₹5,500 – ₹9,000
✅ Bajaj Allianz Health – ₹6,000 – ₹11,500
3. What are Network Hospitals?
✅ Star Health Insurance – 14,000+ hospitals
✅ HDFC ERGO Health – 12,000+ hospitals
✅ Niva Bupa Health – 10,000+ hospitals
4. What is Waiting Period (in years)?
✅ Acko General Insurance – 2-3 years
✅ Bajaj Allianz Health – 2-3 years
✅ Reliance General Health – 2-3 years
5. What is No-Claim Bonus (NCB %)?
✅ Star Health Insurance – Up to 100%
✅ Acko General Insurance – Up to 50%
✅ HDFC ERGO Health – Up to 50%
6. What is Cashless Claim Approval Time (hrs)?
✅ Star Health Insurance – 2-3 hours
✅ Acko General Insurance – 2-4 hours
✅ HDFC ERGO Health – 3-6 hours
7. What is Final Rating in Insurance?
⭐ HDFC ERGO Health – 4.7/5
⭐ Bajaj Allianz Health – 4.5/5
⭐ Acko General Insurance – 4.5/5
Conclusion from Our Experienced Insurance Advisors:
Our experienced insurance advisors highly recommend these Top 3 Health Insurance Companies in India based on their performance:
✅ Acko General Insurance – Low Premiums, Fast Claim Approvals
✅ HDFC ERGO Health – High Claim Settlement Ratio, Largest Network
✅ Bajaj Allianz Health – Affordable Premiums, Quick Claim Settlements
💡 Tip: Always compare policies based on your personal healthcare needs before making a decision!
Leave a Reply