Top 10 Health Insurance Companies in India 2024: Ranked by IRDAI

By Okbima 02 Mar 2024
top 10 health insurance companies in India


Looking for the top 10 health insurance companies in India? In 2024, some health insurance companies have become the best at giving full coverage and great service. This article will talk about the top 10 claim settlement ratio health insurance companies in India.


List of Top 10 Health Insurance Companies in India

As medical costs go up, having a good health insurance plan is important. We have mentioned the list of top 10 medical healthcare companies in India. Here is is best health insurance companies in India based on claim settlement ratio, hospital networks, and the types of insurance they offer.


Insurance Companies

Claim Settlement Ratio (CSR) FY 2022-23

Network Hospitals

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Care Health Insurance Company



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Star Health and Allied Health Insurance Company



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New India Assurance Company Limited



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HDFC ERGO Health Insurance



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Oriental Insurance Company Limited



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ICICI Lombard Health Insurance



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Manipal Cigna Health Insurance Company



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BAJAJ Allianz Health Insurance Company



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Niva Bupa Health Insurance 



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National Insurance Company



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Disclaimer: We have given all the data from analyzing other websites, and IRDAI officials. At Okbima, we do not promote any health insurance companies.


1. Care Health Insurance (Formerly Religare Health Insurance)

Care Health Insurance provides a health plan with some great features. With this insurance, you can get treated at a hospital without having to pay cash upfront. It covers serious illnesses like cancer, kidney problems, and heart issues. The plan helps with various expenses, including ambulance and room rent. 

You can also benefit from features like cashless transactions, coverage for costs before and after your hospital stay, a bonus for not making a claim, and tax benefits. Additionally, the insurance includes periodic medical checkups.

Care Health Insurance Plans:

  • Personal Health Insurance Plan

  • Family Health Insurance Plan

  • Critical Illness Health Insurance Plan

  • Senior Citizen Health Insurance Plan

  • Maternity Health Insurance Plan

  • Accident Health Insurance Plan


Take Control of Your Health with Care Health Insurance: Compare Health Insurance Now!


2. Star Health Insurance 

In 2006, Star Health became the first health insurance provider in India that focuses only on health insurance. They offer really good services and creative insurance plans for individuals, families, and businesses. 

They are known for providing excellent coverage for personal accidents and travel insurance abroad. Star Health mainly works with banks to sell insurance (Bancassurance) and has strong partnerships with many banks. 

Popular Star Health Insurance Plans:

  • Star Novel Coronavirus

  • Young Star Insurance Policy

  • Star Care Micro Insurance

  • Family Delite

  • Arogya Sanjeevani Policy

  • Corona Kavach Policy

  • Corona Rakshak Policy

  • Outpatient Care Insurance Policy

  • Star Micro Rural And Farmers Care Policy

  • Criticare Plus

  • Star Comprehensive

  • Red Carpet

  • Diabetes Safe

  • Cardiac Care

  • Medi Classic Insurance Policy

  • Cancer Care Gold

  • Star Health Gain

  • Special Care

  • Family Health Optima


Get Covered with Star Health Insurance: Buy Health Insurance Online!


3. New India Assurance Company Limited

The New India Assurance Company Limited is a government-owned multinational general insurance company. It is known for its mediclaim policy, particularly known for its unique features in its health insurance policies. The company operates in 28 countries, focusing on various non-life insurance businesses.

Their health insurance plan covers up to six family members and includes features such as pre-and post-hospitalisation coverage and a lifetime renewal benefit. The facility of online renewal adds to the convenience for policyholders, making it easy to manage their health insurance plans.

Health Insurance Plans by New India Assurance:

  • Mediclaim 2007 Policy

  • New India Top-Up Mediclaim

  • New India Assurance - Mediclaim 2012 Policy

  • New India's Senior Citizen Mediclaim Policy

  • New India Health Insurance Janata Mediclaim Policy

  • New India Assurance Personal Accident Policy

  • New India Asha Kiran Policy

  • Rasta Apatti Kavach (Road Safety Insurance)

  • Union Health Care Policy

  • New India family floater Mediclaim Policy


Get Peace of Mind with New India Assurance Company Limited: Get a Free Health Quote Today!


4. HDFC ERGO Health Insurance

Apollo Munich, now known as HDFC ERGO Health Insurance, is a highly trusted brand with over 1.5 crore happy customers. Their health insurance plan covers a variety of medical expenses, including the cost of hospitalization, charges for ICU (Intensive Care Unit), ambulance expenses, daycare procedures, and benefits related to Ayush (Ayurveda, Yoga, Unani, Siddha, and Homeopathy). 

The insurer also provides the option of lifelong renewability, allowing policyholders to continue their coverage throughout their lives. Additionally, they offer portability options, which means you can switch to their insurance plans without losing the benefits you have accumulated with your previous insurer.

Health Insurance Plans offered by HDFC ERGO:

  • Optima Secure Health Insurance Policy

  • My: Health Suraksha Insurance Plan

  • My: Health Koti Suraksha Insurance Plan

  • My: Health Women Suraksha Plan

  • My: Health Medisure Super Top-Up Plan

  • Critical Health Insurance Policy

  • Ican Cancer Insurance


Healthy You, Secure Future with HDFC ERGO Health Insurance: Compare & Save on Health Insurance!


5. Oriental Insurance 

The government-owned Oriental Health Insurance Company provides health insurance products with various benefits for customers, and individuals aged 60 years and above don't need to undergo a medical test when applying for coverage. 

The company has a network of over 4,300 hospitals where policyholders can receive cashless treatment. Their insurance plans allow coverage for up to seven family members and come with the added benefit of lifelong renewal, ensuring continued coverage for policyholders.

Top Health Plans by Oriental Insurance:

  • Happy Family Floater Policy

  • Mediclaim Insurance Policy (Individual)

  • Oriental Happy Cash-Nischint Rahein!

  • Oriental Super Health Top-up

  • Pravasi Bharatiya Bima Yojana

  • Arogya Sanjeevani Policy

  • Group Mediclaim Policy

  • Overseas Mediclaim Policy (E&S)

  • Jan Arogya Bima Policy

  • Oriental Dengue Kavach

  • Overseas Mediclaim Policy- Business and Holiday

  • Oriental Critical Illness Policy

  • Corona Kavach and Group Corona Kavach

  • Oriental Insurance Bank Saathi Policy - Group

  • Oriental Cancer Protect


Don't Wait, Get the Coverage with Oriental Insurance: Buy the Best Health Insurance Plans!


6. ICICI Lombard Health Insurance

ICICI Lombard General Insurance became well-known through its partnership with ICICI Bank and Fairfax Financial Holdings Limited (Canada). They provide extensive health insurance that includes coverage for daycare procedures, hospital expenses, ambulance charges, and even home-based hospitalization. In 2021, the company merged with Bharti AXA Health Insurance, expanding its distribution network and providing more options for customers.

Health plans offered by ICICI Lombard:

  • Complete Health Insurance Plan

  • Health Booster

  • Personal Protect

  • Arogya Sanjeevani Policy

  • Corona Kavach Policy

  • Saral Suraksha Bima


Secure Your Wellbeing with ICICI Lombard Health Insurance: Get Covered & Stay Healthy!


7. Manipal Cigna Health Insurance

Manipal Cigna, formerly known as Cigna TTK Health Insurance, has a broad network for cashless treatment, and over 6,500 hospitals. The company is dedicated to providing customized insurance plans that adapt to the changing stages of life. Manipal Cigna prioritizes enhancing the health, well-being, and peace of mind of each customer. 

They aim to make healthcare more affordable by collaborating with healthcare providers that offer both quality and cost-effective care. This approach ensures that policyholders have access to high-quality medical services while keeping the financial aspect in mind.

Manipal Cigna Health Plans:

  • Lifetime Health

  • ProHealth Insurance

  • ProHealth Select

  • Super Top Up

  • Arogya Sanjeevani Policy

  • Corona Kavach Policy

  • Corona Rakshak Policy

  • Saral Suraksha Bima

  • Lifestyle Protection Critical Care

  • ProHealth Cash

  • ProHealth Group Insurance Policy

  • Global Health Group Policy

  • Lifestyle Protection Group Policy

  • Group Overseas Travel Insurance

  • FlexiCare Group Insurance Policy


Enjoy Fast & Hassle-Free Claims with Manipal Cigna Health Insurance: Buy Health Insurance Online!


8. BAJAJ Allianz Health Insurance 

Bajaj Allianz Health Insurance provides several attractive features for its customers. It offers a family discount and options for lifetime reliability. The insurance plans aim to provide maximum coverage at affordable rates, and they are easy to purchase or renew online.

Policyholders can enjoy various benefits such as cashless treatment, tax benefits, daily hospital cash, cumulative bonus, free health checkups, coverage for ambulance charges, daycare procedures, and daily cash benefits. 

Best Health Plans by Bajaj Allianz:

  • Bajaj Allianz Silver Health Insurance Plan

  • Bajaj Allianz Health Infinity Plan

  • Bajaj Allianz Critical Illness Plan

  • Arogya Sanjeevani Policy

  • Bajaj Allianz Personal Guard

  • Bajaj Allianz M Care Health Insurance Plan


Invest in Your Wellbeing with BAJAJ Allianz Health Insurance: Get Covered Now!


9. Niva Bupa Health Insurance 

Max Bupa, now known as Niva Bupa Health Insurance, is a collaboration between True North, an Indian private equity firm, and Bupa, a healthcare service organization based in the UK. This insurance provider offers comprehensive coverage for the whole family, from newborns to senior citizens.

Their health insurance plans include options for lifetime renewal, allowing policyholders to continue their coverage throughout their lives. The coverage extends to various expenses such as pre and post-hospitalization, hospital room rent, outpatient department (OPD) expenses, organ donation, and daycare procedures. Additionally, the plans may include regular health check-ups once or twice a year to help monitor and maintain good health.

Health Plans by Niva Bupa:

  • Health Insurance Plans

  • Family Health Insurance Plans

  • Individual Health Insurance Plan

  • Critical Illness Insurance Plan

  • Personal Accident Insurance Plan

  • Senior Citizen Plan


Get Instant Savings on Health Plan with Niva Bupa Health Insurance: Compare Now!


10. National Health Insurance 

The National Insurance Company is a government entity that has been serving for over 100 years. They provide health insurance plans with several benefits. Policyholders can avail of a free health check-up benefit, which is up to 1% of the sum insured after completing four claim years.

National Insurance Company's health plans include add-on covers, cashless claims, and various benefits such as coverage for in-patient treatment, daycare treatments, pre-hospitalization and post-hospitalization expenses, ambulance services, and more. These features contribute to making their health insurance plans comprehensive and beneficial for policyholders.

Top Health Plans of National Insurance:

  • National Mediclaim Plus Policy

  • National Mediclaim Policy

  • Overseas Mediclaim Business and Holiday

  • Overseas Mediclaim Employment and Studies

  • Parivar Mediclaim Policy for Family

  • Arogya Sanjeevani Policy

  • Corona Kavach Policy

  • National Parivar Mediclaim


Protect Yourself & Your Loved Ones with National Health Insurance: Buy Now!



In conclusion, the top 10 health insurance companies in India offer a diverse range of policies and services to cater to the healthcare needs of individuals and families. These companies prioritize customer satisfaction, provide comprehensive coverage, and offer innovative solutions for a hassle-free claim settlement process. To buy the best health insurance policies from the best company, you can contact okbima experts to make an informed decision.



You should purchase a health insurance plan to ensure access to affordable medical care and protect yourself from exorbitant healthcare expenses in case of unexpected illnesses or accidents.

Yes, different companies offer different insurance policies based on their specific coverage options and pricing structures.

Claims should be considered as a factor when comparing health policies as they provide valuable insight into the efficiency and effectiveness of coverage offered by the insurance provider.

Yes, there are government-run insurance companies in some countries, providing coverage for various areas such as health, auto, or property insurance.

National Health Insurance Company is ranked as one of the leading health insurance companies in India, making it the perfect choice for protecting yourself and your loved ones.

When choosing a health insurance provider in India, you have the option to select from reputable stand-alone companies such as Care Health Insurance (100% ownership) and Star Health Insurance (99.06% ownership). These companies rank among the top 10 health insurance providers in the country and offer a diverse range of health insurance products for you to choose from.

Take into account the following aspects when considering buying a health insurance plan from the leading 10 health insurance companies in India Opt for a company with a high claim settlement ratio, Look for insurers with a diverse range of health insurance products, Consider the brand's reputation and legacy in the insurance industry, Select a plan with minimal restrictions or limitations, and Choose an insurer known for its efficiency and prompt customer service.

According to the claim settlement ratio (CSR), the leading 10 health insurance companies are Care Health Insurance, Star Health Insurance, Reliance General Health Insurance, HDFC Ergo Health Insurance, Acko Health Insurance, ICICI Lombard Health Insurance, Kotak Mahindra Health Insurance, Baja Allianz Health Insurance, IFFCO Tokio Health Insurance, and National Insurance.

HDFC ERGO's claim settlement ratio stands out among many companies, as it is exceptionally high at 99.8%.

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