Health insurance is one of the fastest growing industries in India, as also, one of the most competitive! With ever-increasing population and awareness comes every rising demand for more comprehensive, economical and beneficial health insurance cover. Prominent insurance providers put in a lot of research and effort to devise health cover policies that can outdo the competition while, at the same time, appeal to consumers from every demographic. Here’s a short list comprising the ones that have mastered the art and claimed the right to be ranked amongst the best health insurance providers in India…
A joint venture between Apollo hospitals and the health business division of Munich Re, Germany, AMHI Company has remained one of the top health insurance companies in India since becoming operational in 2007. The company works with the motto ‘Let’s uncomplicate,’ and it has served its business well over the years. It offers a wide range of insurance services, all high-end, and caters to both the elite as well as the common man. With multi-specialized hospitals spread across the nation and a dedicated team of doctors to handle insurance claims, the company’s records reveal that an estimated 98 percent of claims received get satisfactorily settled within 15 days. Apollo Munich Optima Restore is one of the best selling health insurance policies in India.
BAHI is a collaboration between Bharti Enterprises, one of India’s most renowned and respected business groups and AXA, a global leader in the fields of wealth management and financial protection. The company started operating in India in 2008 and holds the distinction of being the first insurance provider to have received dual ISO certifications in its initial year. With well thought and carefully designed plans to meet the requirements of individuals from all sections of the society, the company has consolidated on its early laurels to become one of India’s best health insurance companies in the recent years. BAHI policies offer the facility of cashless hospitalization in 4300 top-of-the-line medical centers across the country. They also have a 24x7 dedicated helpline to cater to its customers and resolve their queries. Bharti AXA SmartHealth policy, one of the company’s best offerings in recent times, is one of the most popular, as also, one of the best health insurance policies in India today.
SHAI Company Limited began operations in India in 2006. A partnership between ICICI Ventures Funds Limited, TCGF, OI Company, Sequoia Capital and Alpha TC Holdings, the company focuses solely on health insurance, striving to come up with the best health insurance policies and to provide the best customer service. The company has a strong nationwide presence, with over 6000 branch offices and more than 7000 network hospitals across the country. The direct, in-house claim settlement procedure guarantees hassle-free settlement of insurance claims. The company’s health cover plans - Star Health Senior Citizen Red Carpet and Star Health Cardiac Care have been two of the best selling health insurance policies in India in the recent past.
MBHI Company Limited strives to be the nation’s most admired insurance provider. Business collaboration between Max India Limited and Bupa, a renowned healthcare service provider, based in the United Kingdom, Max Bupa offers health coverage to individuals of all ages. Bupa’s considerable experience and customer base- over six decades and more than 11.3 million customers worldwide, combined with Max India’s innovative customer service and dedicated clinical research has rendered the company one of the best insurance providers not just in India, but globally. The company offers the facility of cashless hospitalization in 3,500 plus network hospitals in India, along with the similar service in over 190 countries of the world. With no third party involvement required for claim settlement, the customers are assured quick, easy claim settlement. Their policy Max Bupa Heartbeat is amongst India’s best-selling insurance policies in the recent past.
Religare Health Insurance Company
One of the fastest growing, as also, one of the best health insurance vendors in India, Religare has enjoys a stable support structure in its primary promoter- Religare Enterprises Limited and major shareholders- Union Bank (India) and Corporation Bank (India). The company has a unique heritage in the healthcare sector and is backed by Fortis Healthcare Limited, one of the nation’s top medical units. Religare customers have the benefit of availing cashless medical treatment in over 4758 hospitals around the country. The company also has a highly efficient customer support system in place to ensure trouble-free settlement of insurance claims. Religare ‘Care’ is one of the company’s most popular offerings in recent times. It’s also one of the top-selling health insurance policies in all of India.
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