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A health insurance company is a type of general insurance company that solely provides health-insurance policies. These policies provide financial protection against medical expenses incurred during hospitalization due to an illness or injury.
A health-insurance policy is a basic necessity in today’s time due to expensive healthcare and medical emergencies. While purchasing this policy, you must make sure your insurer is a well known company in the market.
Additionally, you must verify they are IRDAI-registered. In this blog post, we will provide you with the list of top 10 health insurance companies in India.
Mentioned below are the top 10 health insurance companies in India. All of them are authorized by the Insurance Regulatory and Development Authority of India to provide health-insurance services:
In 2006, Star Health and Allied Insurance began as a joint venture with Allied Insurance. In 2025, Star Health and Allied Insurance is one of the top 10 health insurers in India. It offers a broad range of health-insurance plans that offer financial coverage for hospitalization costs, ambulance charges, second medical opinion and OPD treatments among others.
Apart from this, the health insurer provides customized mediclaim plans for people with special needs, senior citizens, women, cancer patients, diabetic patients, autistic children, etc. It was the first insurer in India to offer maternity coverage to existing pregnant women.
A variety of health-insurance policies, including individual, family, senior citizen, and specialty plans, are available from Star Health and Allied Insurance. Star Comprehensive Insurance Policy, Star Health Assure, Star Young Star, Star Health Gain and Star Cardiac Care are a few of the well-liked plans. It also provides specialty plans such as Star Critical Illness Multipay and Star Cancer Care.
In 2015, the Aditya Birla Group of India and MMI Holdings, a company located in South Africa, partnered to form the Aditya Birla Health Insurance Company. With an emphasis on chronic care and wellness incentives, the Aditya Birla Health-Insurance provides a range of health-insurance policies. In addition, it provides parents with personalized health plans for conditions including COVID-19, cancer and other illnesses.
It has a group of committed Care Managers that support policyholders throughout the claims procedure. A variety of medical insurance plans are available from Aditya Birla Health-Insurance Company to help insured individuals at the time of medical emergencies.
ABHICL has dedicated a significant amount of time and energy to understand the current relationships between personal health decisions and good health. The goal of ABHICL's product philosophy is to integrate knowledge of this science with an analysis of the unmet demands of sizable client segments that are now unmet.
It aims to provide easy access to a holistic health and wellness ecosystem in a personalized, effective and economical manner through digitalized processes. It promotes healthy behavior with incentives that make efforts worthwhile. Also, it focuses on protecting health by helping clients better manage chronic lifestyle conditions and by protecting health needs with dignity.
Niva Bupa Health Insurance is one of the top health insurance companies in India. It was formerly known as Max Bupa Health Insurance Company Ltd. It is a joint venture of Fettle Tone LLP, an Indian private equity firm, and UK based healthcare services provider, Bupa Singapore Holdings.
While Fettle Tone LLP (an affiliate of True North Fund VI LLP) is a prominent Indian private equity firm that specializes in investing in and turning mid-sized profitable businesses into world-class industry leaders, Bupa has six decades of experience in the healthcare sector and has 29 million customers across more than 190 countries. Fettle Tone has invested in over 50 Indian firms over the past 20 years, effectively guiding them through the process of becoming significant, reputable, long-lasting and socially conscious enterprises.
Niva is a Sanskrit word meaning Sun i.e., a symbol of hope, optimism, energy and above all, life itself. The vision of the company is to become India’s most loved health insurance company by empowering their customers via knowledge, offering expertise and providing a variety of services that instils confidence.
The mission of Niva Bupa is to give every Indian the confidence to access the best healthcare. For the company, health insurance is more than an annual transaction. For them, this insurance is about building a lasting relationship with their customers.
Care Health Insurance is one of the best medical insurance companies in India. It was earlier known as Religare Health-Insurance Company Ltd. Then, the company was rebranded in August 2020 after being incorporated in 2012 as a Religare Enterprises subsidiary.
Maternity insurance, senior citizen insurance, diabetes insurance, heart insurance, cancer/critical illness insurance, OPD plans and other health-insurance products for individuals and families are among the insurer’s specialties.
It achieved a 65.05% incurred claim ratio in 2021-2022. A variety of health-insurance plans are available from Care Health-Insurance to meet the needs and financial constraints of various clients. Popular health-insurance plans offered by Care Insurance Limited include Care Plan, Care Joy Insurance Plan and Care Senior Health-Insurance Plan.
In 2014, the US-based Cigna Corporation and the Indian behemoth Manipal Group founded the ManipalCigna Health Insurance Company together. Today, Manipal Cigna Insurance is renowned for providing a large selection of health-insurance plans with attractive features and advantages, including premium waivers and switch-off benefits. Additionally, it provides specialized health-insurance for accidents, urgent illnesses and senior citizens.
96% of cashless claims at ManipalCigna Insurance Company are resolved in less than two hours. This shows the company's speedy and simple claim procedure. The insurance company's financial stability in the market is further shown by its incurred claim ratio of 76.17% in 2020-21.
The health-insurance plans of ManipalCigna offer medical coverage to individuals with distinct health needs and financial budget. Some popular health-insurance plans that ManipalCigna offers include ManipalCigna Pro Health-Insurance Plan, ManipalCigna Super Top Up Plan, ManipalCigna Arogya Sanjeevani Policy and ManipalCigna Lifestyle Protection - Accident Care Plan.
Another health insurer in the list of top 10 health insurance companies in India is Galaxy Health Insurance Limited. It was formerly known as Galaxy Health and Allied Insurance Company Limited. In March 2024, it was licensed by IRDAI to provide health-insurance plans.
The company is a joint venture between Shri Venu Srinivasan (Chairman Emeritus of TVS Motor Company and Sundaram-Clayton Limited) and Shri V. Jagannathan (founder of Star Health & Allied Insurance Company and ex-Chairman and Managing Director of United India Company Ltd.).
Galaxy provides a wide range of health-insurance plans for individuals, families and senior citizens. Some popular plans offered by Galaxy Insurance include Galaxy Promise Plan and Galaxy Guardian Plan.
ICICI Lombard General Insurance is one of the best health insurance companies in India. Although it is registered as a general insurance company with the Insurance Regulatory and Development Authority of India (IRDAI), it also provides health-insurance services.
ICICI Lombard is a leading company in terms of offering a detailed and well-diversified range of products through several distribution channels including liability, marine, crop, fire, motor, engineering, personal accident and health-insurance.
It provides online health-insurance policies that cover routine medical needs to critical illnesses. It offers pre-hospitalization and post-hospitalization care, daycare procedures, cashless treatment and ambulance services at a wide network of hospitals.
ICICI Lombard Health-Insurance policies cover diseases like cancer, heart diseases, diabetes, eye-related disorders, respiratory diseases, gastrointestinal disorders, diabetes, orthopaedic problems, neurological disorders, etc.
Narayana Health Insurance is a health-insurance company registered with the Insurance Regulatory and Development Authority of India. It provides quality healthcare that is accessible and affordable. The company’s insurance plans are carefully designed to meet the needs of individuals. It provides comprehensive coverage to ensure financial security and peace of mind for the policyholders.
The company focuses on transparency and trust. It aims to simplify healthcare for individuals so they can focus on their health. Narayana team supports policyholders at every stage of their healthcare journey, from hospital stays to surgeries.
They stand by the side of individuals during preventive care and emergency treatments. They provide services and passionate care to make sure the insured individuals and their loved ones are always protected.
Narayana Health believes that everyone should be able to access quality healthcare. Many family members in India find it difficult to afford comprehensive coverage.
They know its value but they haven’t had options to meet their needs. That’s why the company makes healthcare financing simpler and more affordable. So that families can focus on their health and well-being.
Bajaj Allianz is one of the leading insurance companies in India. It is a joint venture between Bajaj Finserv Ltd and Allianz SE. The company provides a variety of services like health, care, pet, travel, cyber, crop insurance and more. In today’s time, Bajaj Allianz is among the top insurers in India.
What sets the company apart from its competitors is its passion and enthusiasm for making their customers’ lives easy and convenient. It also focuses on creating a resilient society via the Forward Karo Care initiative, allowing it to look after the community at large. The company makes sure everyone is looked after and not left unhelped in emergency situations.
Bajaj Allianz has a strong network of 10,000 employees, over 99,000 agents, 115 bancassurance collaborations, 28,500 motor dealerships and all major motor manufacturer/NTU collaborations. This strong network allows the company to look after its customers’ requirements. Apart from this, Bajaj Allianz Ltd has also teamed up with all the major brokers, e-commerce players and web aggregators. It has provided services to nearly 14 cr customers in approx. 23 years.
The corporation has a presence across nearly 1,000 locations in India. Some achievements that Bajaj Allianz has achieved include General Insurance Company of Year title at 27th Asia Insurance Industry Awards 2023, Leader in Customer Experience Initiative at the ELETS Insurance Innovation Awards 2023 and recognition as one of the Iconic Brands of India by ET Edge.
Additionally, it also won New Ways of Working (Gold Medal) and Operational Efficiency (Bronze Medal) at the Qorus Reinvention Awards - APAC 2023. For its health-insurance services, the company won Product Innovator of the Year (Health Insurance) at the 4th Annual BFSI Excellence Awards 2023.
A variety of health plans with extensive coverage for a range of medical costs are available at Bajaj Allianz General Insurance. Inpatient and daycare hospitalization fees, pre-hospitilization and post-hospitalization charges, organ donor expenses and sometimes even AYUSH therapies are covered by its health plans. Additionally, it offers options for maternity benefits, critical illness care and even coverage for outpatient expenses.
HDFC Ergo is one of the best insurers in India when it comes to insurance. The company is a joint venture between HDFC and ERGO International AG. Some popular products offered by HDFC Ergo include health insurance, travel insurance, home insurance, cyber insurance, vehicle insurance and personal accident insurance. It also provides liability, property and marine insurance. For the rural sector, it provides rainfall index insurance, cattle insurance policy and Pradhan Mantri Fasal Bima Yojana.
When we specifically talk about health-insurance, HDFC Ergo offers a variety of health-insurance plans like individual and family floater options and plans that focus on specific requirements like critical illness and maternity. The company provides comprehensive coverage for hospitalization costs, day care treatments, pre-hospitalization and post-hospitalization costs and under certain conditions, domiciliary treatments (i.e., treatments at home). Certain plans offered by the company include benefits like free health check-ups, cashless hospitalization and AYUSH treatments’ coverage.
HDFC ERGO’s leading position as one of the top 10 health insurers is further demonstrated by the several awards and accolades it has received in areas like customer satisfaction, product innovation and financial reporting. It won Counter Fraud Team of the Year at the India Fraud Risk Summit & Awards 2025. Additionally, the company was also recognized as a top player in general insurance at the India Insurance Summit & Awards 2025. In 2025, it won the "Best Customer Retention Initiative of the Year in Insurance" award at the CX Excellence Awards.
Health insurance companies are companies authorized by IRDAI to provide health-insurance plans to customers. The leading health insurers in India include: (i) Star Health and Allied Insurance, (ii) Aditya Birla Insurance, (iii) Niva Bupa, (iv) Care, (v) ManipalCigna, (vi) HDFC ERGO, (vii) Bajaj Allianz, (viii) Narayana, (ix) ICICI Lombard and (x) Galaxy. If you want to establish your own health insurance company, it is mandatory for you to secure an IRDAI license. For assistance in obtaining this license, connect with Registrationwala’s IRDAI consultants.
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