Health insurance is one of the key components of financial planning nowadays, and a decent health insurance plan keeps you and your family safe from sudden medical expenses that arise due to increasing healthcare costs. In this article, we have shared the top health insurance companies in India for the year 2024 and some tips on how to choose a suitable health plan.
Zero
Waiting period
14,300+
Cashless hospitals
100%
Bills covered
While selecting health insurance providers, the claim settlement ratio, customer service, number of plans offered, network hospitals, among other factors, should be considered. Given below are some of the top health insurance companies in India in the year 2024.
| ACKO Insurance | Reasonably priced for comprehensive cover with no waiting period, ACKO remains one of the most progressive health insurers. In fact, it even offers a high sum-insured option. ACKO has been a game-changer with its digital-first approach where claims are settled in minimal time and with complete ease. |
| Star Health and Allied Insurance | The company offers comprehensive coverage, making it one of the leading health insurers in the country with a fast claim settlement process. |
| HDFC ERGO | This insurance provides all categories of plans, starting from family floaters to individual health insurance. The biggest USP of HDFC ERGO is that it gives the best customer service with a widespread network of hospitals. |
| ICICI Lombard | Under their health insurance policy, ICICI Lombard offers comprehensive coverage under their plans including wellness programs, and it is provided with add-on benefits. |
| Max Bupa Insurance | This company offers preventive health care and wellness to families for their different medical needs. |
| New India Assurance | As it is a government-owned company, New India Assurance can offer relatively cheaper plans with full coverage and hence gain the trust of many. |
Get an all-inclusive cover at a competitive premium with the ACKO Standard Plan. Opt for a sum insured between ₹10 Lakhs, ₹25 Lakhs, ₹50 Lakhs, and ₹1 Crore—whichever suits your requirements the best.
The ACKO Platinum Plan has an all-inclusive coverage feature with a high sum insured, hence coming up with features like zero deduction on claims and no waiting period, among others, that make it excellent in terms of value for money.
ACKO Platinum Super Top-up Plan is created to enhance the existing health coverage. Added benefits of no waiting period along with the high sum insured after a deductible enhance the financial protection of the insured.
Choosing the proper health insurance company is quite a tough decision, yet it's very important for your financial situation. To make it easier, here are some clear tips that will help in finding the best health insurance provider in 2024.
An important factor is the network of hospitals connected with a health insurance provider. The larger the network of hospitals offering cashless treatment, whereby the insurer pays the hospital bill directly, the lesser will be your out-of-pocket expenses.
Everybody has different needs when it comes to health insurance, so choose an insurer that has many different types of plans available. Insurance companies sometimes focus on individual health plans, while other companies may offer better options for families. A company offering flexible coverage to suit specific needs can be a good option.
Customer reviews can help through its service quality and reliability in health insurance companies. Reviews from actual customers give you a real perspective of how the company handles claims, customer service, and policy renewals.
Waiting periods represent the time when some covers do not work after your policy commencement. Most of the policies have a waiting period for the coverage of any pre-existing condition and usually last for 2 to 3 years. In case you have a pre-existing condition, choose the policy with a minimum waiting period.
Selecting the right health insurance plan can be a daunting task, especially with the variety of options available in India. Each type of plan caters to different needs, so understanding the nuances can help you make an informed choice. Let’s dive deeper into the common types of health insurance plans in India.
Covers one person with a sum insured dedicated solely to them. Premiums are based on age, health, and medical history. Ideal for those with specific health needs or higher medical risks.
Insures the whole family in a single policy with a floater sum insured. It is cheaper and ideal for families that have young and healthy members.
Provides a lump sum payout upon diagnosis of serious illnesses like cancer or heart attack. Ideal for those with a family history of critical illnesses or seeking financial security against severe conditions.
Senior citizen health insurance is designed for people above 60, the policy covers age-related diseases at a higher premium. Some of its features include domiciliary hospitalisation and alternative treatments.
Provide additional cover over and above the base policy. Top-up insurance kicks in after the deductible amount per claim, whereas super top-up plan covers the costs exceeding the deductible annually. Ideal for those seeking additional protection at lower costs.
While comparing insurance companies in India, there are plenty of important points to be noted so that you get the best health plan for your needs. Here is a step-by-step guide to compare health insurance companies effectively.
Choosing the best mediclaim company in India involves understanding your needs, evaluating your options, and making an informed decision. With the right plan, you can ensure that your family is financially protected against any medical emergencies.
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Reviewed by Rupinderjit Singh 
Acko Technology & Services Private Limited
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