Top Health Insurance Companies in India
Brief Overview: When evaluating health insurance providers in India, it is essential to assess various factors such as claim settlement statistics, the availability of network hospitals, operational effectiveness, net promoter scores, the company's historical performance, business scale, and range of products. Armed with this information, you can subsequently establish rankings for insurers according to the criteria that matter most to you.
In our view, these are the top health insurance companies in India for the year 2023.
| Company | CLAIM SETTLEMENT RATIO (avg. of last 3 years) | NETWORK HOSPITALS | GROSS WRITTEN PREMIUM (2020-21) | TRACK RECORD RATING OUT OF 5 | RATING OUT OF 5 |
|---|---|---|---|---|---|
| HDFC Ergo | 97.55% | 12,000+ | ₹4,281.6 Cr | 20 years | 4.42 |
| Care | 91.8% | 9,400+ | ₹2,559.75 Cr | 10 years | 4.3 |
| Niva Bupa (erstwhile Max Bupa) | 90.74% | 9,100+ | ₹1,750.78 Cr | 14 years | 4 |
| Bajaj Allianz | 94.18% | 8,000+ | ₹2,301.74 Cr | 21 years | 3.92 |
| ICICI Lombard | 86.67% | 6,700+ | ₹3,021.35 Cr | 21 years | 3.65 |