Top 5 Health Insurance Companies In India In 2024

Health Insurance or medical insurance is a type of insurance that covers your medical expenses. The medical expenses include hospitalization costs, diagnostic tests costs, cost of medicines, doctor consultation fees, etc. This coverage depends upon the type of insurance taken, the premium paid, and the company chosen. In this article, we will discuss the top 5 Health Insurance Companies in 2024.

This will help the readers get an insight into various health insurance plans that are working and performing the best in 2024.

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Advantages Of Choosing Health Insurance

• Health insurance covers all the major medical expenses which is a financial support for the patient and the patient party.
• It creates a sense of security amongst the policyholders as they don’t need to wait to arrange for funds at the time of emergency.
• It is a shield for the patient and the patient’s family in times of emergency.
• It removes the unnecessary financial burden on the patient and the patient party.
• Generally, all the health insurance covers the pre and post-hospitalization costs.
• Reimbursement of the expenses incurred by the patient himself.
• The health insurance also provides annual health checkups which helps in easy and early diagnosis of the diseases.

Let us discuss the top 5 Health Insurance Companies in 2024 :

#1. HDFC ERGO General Insurance

Formerly acknowledged as Apollo Munich Health Insurance, this entity underwent a transition. Consequently, this health insurance company is anticipated to rank among the top 5 Health Insurance Companies in 2024. This is a private sector health insurance company and is performing the best among all other insurance covers.

The company offers various types of insurance schemes like individual coverage, family plans, critical illness coverage, etc.

The basic features of this health insurance are:

• It has a strong cashless network across the country and almost 12,000+ centers.
• It has tax-saving benefits up to Rs. 75,000 (subject to terms and conditions.)
• Facility of health checkup within 60 days of renewal.
• It also provides a hassle-free claim settlement system within minutes.

The entry age is from 5 years to 65 years. Moreover, coverage for a dependent child begins on the 91st day if either parent is covered by this policy. Furthermore, selecting the policy for over 1 year offers access to various discounts.

The company’s unique system of division of various schemes makes it top the list of top 5 Health Insurance Companies in 2024. It also provides a plan for Dengue Cover. This plan covers all the expenses related to Dengue treatment including hospitalization.

#2. Niva Bupa Health Insurance

This was earlier known as Max Bupa Health Insurance. It offers an extensive range of products depending on various age groups. It caters to the medical needs of individuals, families, and senior citizens. The wide range of features helps it secure a position in the top 5 Health Insurance Companies in 2024.

Various features of this health insurance are:

• Pre and post-hospitalization expenses are covered.
• Coverage of Ambulance expenses.
• COVID-19 Coverage.
• Daycare procedure expenses.

It doesn’t cover some specific costs like:

• Cost of hearing aid.
• Cost of Artificial limbs.
• Cost of Artificial teeth.
• Cost of cosmetic surgeries like botox and plastic surgery.
• Also, self-inflicted injury is not covered by the company.

Eligibility Criteria

• The entry age for individuals is from 18 years to 65 years.
• It can be 70 years in certain specific conditions.
• Medical tests may be needed for specific conditions.
• Applicants must provide information about the pre-existing medical conditions.
• Children should be between 16 years to 18 years old.

Additionally, hassle-free application and reimbursement processes stand out as remarkable features of this health insurance. Consequently, these aspects contribute to its ranking among the top 5 Health Insurance Companies in 2024.

#3. ICICI Lombard Health Insurance

This health insurance is one of the most popular choices of individuals and this feature makes it eligible to get included in the top 5 Health Insurance Companies in 2024.

It has a wide range of over 6500+ network hospitals. It has a waiting period of 2 years for any pre-existing disease. I can be renewed for a lifetime.

The unique feature of this health insurance is that it covers AYUSH treatments at approved hospitals.

The features that it provides are:

• Post and pre-hospitalization covers.
• An additional sum is insured.
• Hospitalization Covers.
• Emergency Ambulance expenses.
• Wellness Programs.
• Free health checkups.

Moreover, It also has some additional covers like:

• Maternity cover.
• Donor expenses.
• Personal Accident Cover.
• Critical illness cover.
• Newborn baby coverage.

Eligibility Criteria

Minimum 6 years and there is no maximum age limit.

The most demanded booster plan provides no bar on OPD charges, wellness programs, etc. This makes it one of the top 5 Health Insurance Companies in 2024.

#4. Care Health Insurance

This was formerly known as Religare Health Insurance. It was renamed Care Health Insurance in 2020.

Eligibility for basic insurance:

• The minimum age requirement is 91 days.
• There is no bar on the maximum age.
• The minimum coverage is 3 lakhs and the maximum is 6 crores.

There are various other plans like Care Senior Health Insurance, Critical Freedom Plan, Care Heart Insurance Plan, etc.

It has a wide network of hospitals that are its partners. The various facilities like maternity benefits, international OPD charges, international second opinion consultation, annual cardiac health checkups, yearly three active health checks, etc make it unique and help secure a position in the top 5 Health Insurance Companies in 2024.

#5. Star Health Insurance

This is one of the top 5 Health Insurance Companies in 2024. It provides a top-notch quality of health insurance packages. It can be customized as per the needs whether it is individual, family, women, or senior citizens. There are a variety of schemes available for individuals to opt for.

It has a wide network of partner hospitals that enables it to provide top-quality services. The reimbursement system is one of the best systems followed. Various health insurance plans under this cover AYUSH treatments too.

A few things that are not covered under this insurance are:

• Self-inflicted injury.
• Injury occurred during the performance of risky or adventure sports.
• Expenses related to purchase of eyeglasses, wheelchairs, cosmetic or plastic surgery.

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Top 5 Health Insurance Companies : Conclusion

Hence, we have already learned about the top 5 Health Insurance Companies in 2024. Here we have learnt a great deal about the importance of health insurance covers and the types of expenses covered. It is important to make the correct choice for the protection of your loved ones.

These top 5 Health Insurance Companies in 2024 have been performing exceptionally well and are a great choice to protect yourself and your family from any unexpected medical expenses.