-->

Best Health Insurance Service Providers during Corona crisis

The Indian health insurance market is growing rapidly, although in the current scenario of corona crisis its challenging and tough time for health insurance industries to maintain the same pace of service.

 

Best Health Insurance Service Providers during Corona crisis

During this pandemic era service and support for those who seek medical care to cover themselves and their loved ones who ready to take health insurance and their service.

 

However, each insurance company has its own distinct characteristics which sets it apart from other companies. Also, there is no insurance company that is best for everyone. Definitions of the best health insurance providers in India vary from individual to individual depending on their needs.

 

For example, some insureds may find an insurance company best suited to their extensive network of hospitals that offer instant cashless claims, while others are known for the quality of services offered or the availability of customer support.


Keeping all these in mind we bring some Best Health Insurance Service Providers during Corona crisis. Such details may help to our readers to select best health insurance company for there health insurance need during this this pandemic.


Mention details based on the previous year's performance of such service provider and validated by the concern authority.  

 

1.  HDFC ERGO Health Insurance Company

 

HDFC ERGO Health Insurance Limited (formerly known as Apollo Munich Health Insurance) is basically a joint venture between HDFC Ltd and Munich Re. The company is well-known to offer a comprehensive range of health insurance plans.

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

63%

Cashless Hospitals

4500+

Grievances Solved

96.73%

 

2.  Star Health and Allied Insurance Company Limited


Star Health and Allied Insurance Company of India was established in the year 2006. The company has maintained a good reputation in the market due to its hassle-free claim settlement process. 


The company has been awarded "Claims Service Company of the year 2014” and has PAN India presence in more than 340 cities and towns.

 

Headquarters

Chennai

Incurred Claim Ratio (As per the IRDA report 2018-19)

63%

Cashless Hospitals

9800+

Grievances Solved

98.96%

 

3.  Future Generali India Insurance Company Ltd


Future Generali India Insurance Company Ltd. was established in the year 2007 and is in collaboration with Future Group, among the leading businesses and Assicurazioni Generali of Italy. 


The company offers effective and advanced plans to its customers with loads of benefits and features according to their requirements during.

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

73%

Cashless Hospitals

5000+

Grievances Solved

99.73%

 

4.  Bajaj Allianz General Insurance Company Limited

 

Bajaj Allianz General Insurance Company Limited was founded in the year 2001. It is a joint venture between Bajaj Finserv Limited held by the Bajaj Group and Allianz SE in Germany.  


Bajaj FinServ carries a 74% stake and the remaining 26% by other.

 

Headquarters

Pune

Incurred Claim Ratio (As per the IRDA report 2018-19)

85%

Cashless Hospitals

6500+

Grievances Solved

99.78%

 

5.  Manipal Cigna Health Insurance Company

 

Manipal Cigna Health Insurance Company was incorporated in the year 2014, previously known as Cigna TTK Health Insurance Company. 


IT is a joint venture between Cigna, the global business group for insurance and TTK Group (an Indian giant). The company focuses on producing effective plans for individuals as well as group.

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

62%

Cashless Hospitals

4500+

Grievances Solved

99.58%

 

6.  National Insurance Company Limited


National Insurance Company Limited is a public health insurance company that was established in 1906. 


The company is nationalized in 1972 and has become one of the leading insurance providers in India. It consists of several policies for all sectors of society to fulfil their   requirements. 

 

Headquarters

Kolkata

Incurred Claim Ratio (As per the IRDA report 2018-19)

107.64%

Cashless Hospitals

6000+

Grievances Solved

97.07%

 

7.  Iffco Tokio General Insurance Company Limited


Iffco Tokio General Insurance Company was founded in the year 2000. It is an effective health insurance company and a joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) and its associates with Nichido Fire Group biggest listed insurer of Japan & Tokio Marine.

 

Headquarters

Gurugram

Incurred Claim Ratio (As per the IRDA report 2018-19)

102%

Cashless Hospitals

4200+

Grievances Solved

98.47%

 

8.  New India Assurance Company Limited

 

The New India Assurance Company Limited is a public insurance company that operates in 28 nations. The company was founded in 1919 and it owns around 2452 offices in India. This company offers great products in budget prices.


Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

103.74%

Cashless Hospitals

1200+

Grievances Solved

99.94%

 

9.  Oriental Insurance Company Limited


The Oriental Insurance company was founded in 1947 and since then, it is offering multiple healthcare products and laying down a smooth system for the better convenience of customers.

 

Headquarters

New Delhi

Incurred Claim Ratio (As per the IRDA report 2018-19)

108.80%

Cashless Hospitals

4300+

Grievances Solved

73.83%

 

10.  Reliance General Insurance Company Limited

 

Reliance General Insurance Company Limited was founded in 2000 & is one of the leading general insurance companies (private sector) in India. 


The company deals with various needs of customers through a wide range of products related to motor, health, travel, and commercial.

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

94%

Cashless Hospitals

4000+

Grievances Solved

98.49%

 

11.  United India Insurance Company Limited

 

United India Insurance Company Limited was established in 1938 and got nationalized in 1972. The company offers a needful insurance cover to around 1 crore policyholders. It has a wide range of health insurance products.

 

Headquarters

Chennai

Incurred Claim Ratio (As per the IRDA report 2018-19)

110.51%

Cashless Hospitals

7000+

Grievances Solved

96.59%

 

12.  Royal Sundaram Alliance Insurance Company Limited


Royal Sundaram Alliance Insurance Company Limited was founded in 2001. It is a joint venture between Sundaram Finance (the most respected non-banking financial institutions of India) and RSA (the second-largest general insurer in the UK). 

 

Headquarters

Chennai

Incurred Claim Ratio (As per the IRDA report 2018-19)

61%

Cashless Hospitals

3000+

Grievances Solved

99.74%

 

13.  Tata AIG General Insurance Company Limited

 

TATA AIG was founded in 2001 & is a renowned name in the general insurance industry of   India. It is a joint venture between Tata Group and renowned American International Group, Inc.

At present, Tata AIG General Insurance Company is offering a wide range of general insurance products that include health, motor, travel, etc.

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

78%

Cashless Hospitals

3000+

Grievances Solved

99.90%

 

14.  Cholamandalam MS General Insurance Company Limited


Cholamandalam MS General Insurance Company Ltd. was founded in 2001. It is a joint venture between Mitsui Sumitomo Insurance Group of Japan & Murugappa Group.


It is a private insurance company that offers a wide range of insurance products that includes accident, engineering, health, liability, marine, motor, property, travel and rural insurance for both individuals and corporate.

 

Headquarters

Chennai

Incurred Claim Ratio (As per the IRDA report 2018-19)

35%

Cashless Hospitals

8000+

Grievances Solved

99.55%

 

15.  HDFC ERGO General Insurance Company Limited


HDFC ERGO General Insurance Company Limited was incorporated in 2002. It is a joint venture between HDFC Limited & ERGO International AG sharing a partnership with Applo munic.


The company offers a variety of health insurance products which can easily match the requirements of customers related to health, travel, motor, home, and personal accident.

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

62%

Cashless Hospitals

10000+

Grievances Solved

98%

 

16.  Universal Sompo General Insurance Company Limited

 

Universal Sompo General Insurance Company Limited was established in 2007. It is a joint venture between three banks and an FMCG company which is popular by the name of Sompo Japan Nipponkoa Insurance Inc.


The company offers an extensive range of healthcare products & also deals in motor and commercial insurance.

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

92%

Cashless Hospitals

4000+

Grievances Solved

98.20%

 

17.  Bharti AXA General Insurance Company Limited


Bharti AXA General Insurance Company was incorporated in 2008. The company is a joint venture between Bharti Enterprises of India, a pivotal Indian business group and the AXA group of Europe, a world leader in financial protection.


It has around 79 branch offices throughout the country. Apart from this, it is the first general insurance company that carries dual certifications of ISO 27001:2005 & ISO 9001:2008

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

89%

Cashless Hospitals

4500+

Grievances Solved

99.69%

 

18.  SBI General Insurance Company Limited


SBI General insurance company is a joint venture between Insurance Australia Group (IAG) & State Bank of India. SBI owns 74% of the total capital whereas the IAG carries 26%.


SBI follows a multi-distribution model that encompasses through broking & retail direct channels, agency, and bancassurance. SBI is the largest banking franchise in India that carries 23000 branches across the country and over 5500 Regional Rural Banks (RRBs).


At present, SBI General Insurance Company is providing coverage against travel, health, motor, personal accident and home insurance for individuals.

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

52%

Cashless Hospitals

3000+

Grievances Solved

96.01%

 

19.  Raheja QBE General Insurance Company Limited


Raheja QBE General Insurance Company Limited was founded in 1938 and is a joint venture that is promoted by Prism Cement Limited, and QBE Holdings (AAP) Private Limited (a wholly-owned subsidiary of QBE Insurance Group Limited, Australia). 


This insurance company offers an effective line of healthcare products that are designed.


Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

33%

Cashless Hospitals

2000+

 

20.  Max Bupa Health Insurance Company Limited


Max Bupa Health Insurance Company is a well-known health insurance company that provides a wide range of products to cater to the different needs of consumers. 


It is a joint venture between Max India Limited and UK based Bupa Finance PLC. The perfect mixture of global expertise and local knowledge in health care.

 

Headquarters

New Delhi

Incurred Claim Ratio (As per the IRDA report 2018-19)

54%

Cashless Hospitals

3500+

Grievances Solved

99.30%

 

21.  Religare Health Insurance Company Limited

 

Religare Health Insurance Company Limited was launched in 2012. It is one of the popular health insurance companies engaged in providing different health insurance products. 


 

Headquarters

New Delhi

Incurred Claim Ratio (As per the IRDA report 2018-19)

55%

Cashless Hospitals

5420+

Grievances Solved

99.30%

 

22.  Liberty Videocon General Insurance


Liberty Videocon General Insurance was established in the year 2013. The company was founded after the joint venture between Videocon Group and the US-based Liberty Mutual Insurance Group. 


It is a popular general insurance company that highly deals in a two-wheeler, private car and health insurance.

 

Headquarters

Mumbai

Incurred Claim Ratio (As per the IRDA report 2018-19)

82%

Cashless Hospitals

4000+

Grievances Solved

98.70%

 

23.  Shriram General Insurance Company

 

Shriram General Insurance Company was founded in 1974 after a joint venture between Shriram Group and South Africa based Sanlam Limited. Shriram Groups holds a 74% stake in the company while Sanlam enjoys a 26% stake. 


SCL and its operating entities have a customer base of over 12 million, more than 60,000 employees across 3,000 offices.

 

Headquarters

Gurugram

Incurred Claim Ratio (As per the IRDA report 2018-19)

53%

Cashless Hospitals

2000+

Grievances Solved

99.30%

 

24.  Magma HDI General Insurance Company Limited


Magma HDI General Insurance Co Ltd. is a well-known general insurance company which is a joint venture between Magma Fincorp Ltd, Kolkata, and HDI-Gerling Industry Versicherung AG Germany. 


Magma HDI General Insurance offers a wide range of effective health care and several other categories.

 

Headquarters

New Delhi

Incurred Claim Ratio (As per the IRDA report 2018-19)

90%

Cashless Hospitals

4100+

Grievances Solved

55.86%

 

Conclusion


Health insurance is one of the important place during corona pandemic as people more aware about there benefit and financial support  in need. 


however we will be suggested kindly visit respective service provider website and check complete details along with the term and condition before any decision and choose the best option as per there requirement.


Information share only for the education purpose which prime objective to introduce people about available service provider in the industry. 

 

ShowPostComments
Cancel