Top Govt Health Insurance Companies in India
India, with its 1.4 billion people, is the world’s largest democracy. However, many people still don’t have complete health insurance coverage. This is mainly due to a lack of awareness or the cost of insurance. To address this issue and make health insurance accessible for everyone, there are many Top govt health insurance companies available that offer various affordable schemes for everyone.
In this blog, let's learn more about Government Health insurance companies to get a better understanding.
List of Government Health Insurance Companies in India 2025
1. New India Assurance Co Ltd
- Claim Settlement Ratio : 95.04%
- Founding Year : 1919
- Headquarters Location : Mumbai
- Renewability : Lifelong
New India Assurance Company is fully owned by the Government of India. It is a large insurance company operating in 27 countries and is a leader in the non-life insurance sector in India. The company’s success comes from its strong presence in India and worldwide, a wide variety of insurance plans, advanced technology, and a good system for handling customer complaints. New India Assurance is the only company in India that is considered a direct insurer.
2. National Insurance Co Ltd
- Claim Settlement Ratio : 84.61%
- Founding Year : 1906
- Headquarters Location : Kolkata
- Renewability : Lifelong
National Insurance Company Limited is fully owned by the Government of India and has been helping customers for over 100 years. In the financial year 2018-19, the incurred claim ratio was 103.19%. Most of their health insurance plans cover treatment costs 30 days before hospitalization and 60 days after hospitalization.
3. Oriental Insurance Co Ltd
- Claim Settlement Ratio : 87.97%
- Founding Year : 1947
- Headquarters Location : New Delhi
- Renewability : Lifelong
Oriental Insurance Company is part of Oriental Government Security Life Assurance Company, which was founded on September 12, 1947. The company provides insurance for large projects like power plants, petrochemical plants, and steel plants. It offers a variety of insurance plans to people in both cities and rural areas. Oriental Insurance has a strong presence across India with 31 regional offices and over 1800 offices nationwide.
4. United India Insurance Co Ltd
- Claim Settlement Ratio : 84.28%
- Founding Year : 1938
- Headquarters Location : Chennai
- Renewability : Lifelong
United India Insurance Company Limited was founded on 18th February 1938. Since then, it has been offering a wide range of insurance products to meet the needs of different people. After the government took control of the general insurance business in India, United India Insurance merged with 12 Indian insurance companies, 4 cooperative insurance societies, and the Indian branches of 5 foreign insurance companies. The company’s headquarters is in Chennai, Tamil Nadu.
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.
Why is Health Insurance Beneficial for You?
Following are some of the major reasons to get health insurance:
Financial Protection
Health insurance can reduce the cost of medical treatment which is very expensive. With no insurance, you would need to pay a huge medical bill all by yourself.
Access to Quality Care
Health insurance gives you access to a large set of hospitals and physicians. This guarantees that the right treatment is available to you in times of need, without having to worry about the associated cost.
Preventive Care
You can receive regular preventative care with health insurance which helps you maintain good health and identify problems before they become life-threatening.
Emergency Coverage
In case of an emergency, health insurance provides quick coverage for hospital stays, surgeries, and treatments, helping you avoid high out-of-pocket expenses.
Peace of Mind
Having health insurance gives you the peace of mind that you won’t face financial strain in case of an unexpected health issue or medical emergency.
Conclusion
Government health insurance companies in India are crucial in making healthcare accessible and affordable. The above-mentioned are the top govt health insurance companies that give you financial protection and peace of mind in times of medical emergencies. So, compare different health insurance plans in one place with Square Insurance and make your future stress-free.
What is government health insurance in India?
Government health insurance is defined as insurance plans under state-owned companies to provide low-cost health insurance coverage to their citizens.
How can government health insurance help me?
It is used to make medical costs easy to cover, give financial protection in cases of a medical emergency or hospitalisation, and reduce the costs of health care in general.
Is government health insurance available for the whole family?
Yes, many government health insurance plans provide coverage for individuals and families.
What is a Claim Settlement Ratio (CSR)?
CSR represents (percentage) of claims settled by an insurance company. High CSR means the company is good at paying out claims.
Can I renew my government health insurance every year?
Yes, most government health insurance policies are renewable for a lifetime, ensuring continued coverage.
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