Top 5 Health Insurance Companies in India - 2025

List of Top Health Insurance Companies in India - 2025

1. Care Health Insurance

• Claim Settlement Ratio : 75.10%
• Network Hospitals : 11,400+

Care Health Insurance, formerly known as Religare Health Insurance, is one of the most recognized health insurance companies in India. It offers a range of health insurance plans for individuals and families. The company was launched in 2012 as part of Religare Enterprises and renamed Care Health Insurance in August 2020.

It has many plans like Care Critical Mediclaim, Care Classic, Care Heart Mediclaim, Care Freedom, Care Supreme, Care Cancer Mediclaim, and so on. It covers your health as well as the health of your family under all these different plans.

2. HDFC ERGO Health Insurance

• Claim Settlement Ratio : 86.90%
• Network Hospitals : 12000+

HDFC ERGO Health Insurance is a joint venture between HDFC Limited and ERGO International AG. It is a very popular insurance company with a wide range of health insurance plans. HDFC ERGO focuses on complete and customer-friendly coverage. It has more than 12,000 network hospitals in over 170 locations. Innovation, honesty, and customer satisfaction are the qualities that make HDFC ERGO a trusted name in health insurance.

3. ICICI Health Insurance

• Claim Settlement Ratio : 82.59%
• Network Hospitals : 7500+

ICICI Lombard Health Insurance is a well-known company in India. It is a joint venture between ICICI Bank from India and Fairfax Financial Holdings from Canada. ICICI Health Insurance offers a variety of plans that cover hospital bills, daycare treatments, ambulance costs, and at-home treatment.

4. Niva Bupa Health Insurance

• Claim Settlement Ratio : 88.57%
• Network Hospitals : 10000+

Niva Bupa Health Insurance, previously called Max Bupa Health Insurance, is a top health insurance provider in India. It offers health insurance plans for individuals, families, and senior citizens. Niva Bupa provides a range of plans, including Health Premia, Senior First, Super Protect Plus, Personal Accident Plan, Health Recharge, ReAssure, Travel Assure, and more, to meet different healthcare needs.

5. Star Health and Allied Health Insurance

• Claim Settlement Ratio : 75.10%
• Network Hospitals : 14000+

Star Health is one of the top health insurance companies in India. It has gained a large number of customers by offering support and financial security during tough times. Star Health Insurance offers many plans, including coverage for AYUSH treatment, access to 14,000+ network hospitals, domiciliary hospitalization, day-care treatment, and more, to ensure the best care for its customers.

Disclaimer : The list above is in alphabetical order. Square Insurance does not support, rate, or recommend any specific insurance company or its products. For a full list of insurance companies in India, please visit the Insurance Regulatory and Development Authority of India (IRDAI) website at www.irdai.gov.in.

How to Choose the Right Health Insurance Company?

With changing lifestyles and more health problems, having good health insurance is very important. Here are a few key things to consider when choosing the right health insurance to meet your needs:

1. Claim Settlement Ratio (CSR)

CSR shows how many claims the insurance company has settled compared to the total claims filed by customers. A higher CSR means the company is good at paying claims and taking care of its customers.

2. Solvency Ratio

The Solvency Ratio tells you if the insurance company is financially capable of paying out claims or not. The higher your ratio, the more stable your company is financially.

3. Number of Products & Add-ons

This allows you to choose the best plan that suits your health needs and budget. Look for a company that offers many options so you can customize your plan.

4. Customer Support

Good customer support should also be considered when opting for health insurance. You should look for a company that can help you with any future questions or problems. Companies that have good customer service would definitely make your insurance process smoother and less stressful.

Conclusion

Choosing the right health insurance is very important to keep you and your family safe. The top 5 health insurance companies listed in this blog offer good plans with great coverage and support. By looking at the details of each company, you can pick the best plan that suits your health needs and budget. Take your time to compare different options with Square Insurance before making your choice.