Each health insurance company differs from each other in its own way and it is difficult to find a health insurance company that suits everyone’s needs. The definition of the best health insurance company varies from person to person depending on their needs and health goals.
For example, some may prefer one insurance company over another because of the large network of partner hospitals providing cashless claim services, while others may value the quality of services provided or the availability of customer service. Are.
While some insurance companies offer only individual health insurance and family health insurance, others offer plans targeted at certain groups such as women, children and senior citizens. Hence, always buy a plan from an insurance company that offers a plan that matches your needs.
Best Family Health Insurance Plans in India 2023
|Rank||Health Insurance Company|
|1||IFFCO Tokio General Health Insurance|
|2||Care Health Insurance|
|3||Magma HDI Health Insurance|
|4||Oriental Health Insurance|
|5||New India Health Insurance|
|6||Bajaj Allianz Health Insurance|
|7||Niva Bupa Health Insurance|
|8||Navi Health Insurance|
|9||HDFC ERGO Health Insurance|
|10||ManipalCigna Health Insurance|
|11||Edelweiss Health Insurance|
|12||National Health Insurance|
|13||Future Generali Health Insurance|
|14||Royal Sundaram Health Insurance|
|15||Liberty Health Insurance|
|16||ICICI Lombard Health Insurance|
|17||Star Health Insurance|
|18||United India Health Insurance|
|19||Reliance Health Insurance|
|20||Tata AIG Health Insurance|
|21||Kotak Mahindra Health Insurance|
|22||Acko Health Insurance|
|23||Aditya Birla Health Insurance|
|24||Universal Sompo Health Insurance|
|25||SBI Health Insurance|
|26||Digit Health Insurance|
|27||Cholamandalam MS Health Insurance|
Health Insurance companies in India
Every health insurance company has a number of hospitals with whom it has a tie-up to provide cashless claim solutions. While selecting a health insurance company, it is imperative to check the strength of the cashless network hospital being offered by the company. The wider the network, the better you can initiate cashless claims at the nearest hospital.
The claim settlement ratio of a health insurance company determines the number of claims settled by the insurance company out of the total claims received in a financial year. Higher the claim settlement ratio, better it is.
Customer Support Service
Another important thing to keep in mind is to check the customer service offered by the health insurance company. Make sure to choose a health insurance company that offers 24*7 customer service so that you can get immediate assistance whenever you want.
The total number of policies sold and premium collected by an insurance company is called the volume of business. An insurance company selling more policies has a higher market share and as a result can be trusted by people. The business volume can be considered as a parameter to judge the health insurance companies where more volume means more trust among the customers.
Claim Settlement Process
It is very important that you choose an insurance company that offers a smooth claim settlement process as no one wants to deal with time-consuming, complicated operations in the midst of an emergency. Consequently, it is recommended that you choose an insurance company with a smooth claim settlement process to save time and effort.
Reviews and Ratings
Knowing the reviews of the existing policyholders about the health insurance company helps you in making an informed decision. For this, you can read customer reviews of different insurance companies on Policy Master and choose the company whose feedback is positive.
Also, consider the star ratings of the insurance companies, which again you can find on Policy Master’s website. You can also do some research to choose the best insurance company.
Awards and Appreciation
All insurance companies have a dedicated section on their website where you can find a complete list of awards and recognitions. The higher the number of awards and recognitions, the more respected the company.
Hence, while selecting an insurance company, choose one that has consistently won several awards and accolades which makes them the best in the business.
A good insurance company has a great customer support team. Hence, you should choose an insurer that is available 24*7. They should have a helpline number where you can call and get your complaints resolved.
Not only call, but you should also be able to reach them via email, chat, etc. When the insurer is helpful and easily approachable, it becomes easier for you to deal with many doubts related to health insurance coverage.
Since most insurance-related work now happens online, you no longer need to visit an insurer’s office, chase insurance agents, pay brokerage fees, or do any paperwork to get health insurance.
All this can be done easily through the official website of the insurer or through an insurance aggregator. Thus, it is imperative that you buy a health insurance plan from an insurance company that has a strong digital presence, so that it becomes easy for you to buy a plan from the comfort of your home.