List of top insurance companies in India in 2020


Insurance is essential to provide financial assistance to the person and his family to reduce risks in uncertain times. The insurer has to pay premiums in exchange for transferring the risk to the insurance company. There are different types of insurances which can be further categorised into life insurance, vehicle insurance, health insurance, home insurance and business insurance. Moreover, insurances can be bought both in online and offline modes.

List of best health insurance companies in India

There are a large number of health insurance companies in India, all providing different kinds of benefits to the insurer. Mentioned below are some of the top health insurance companies in India.

Manipal Cigna Health Insurance Company Limited

Cigna Corporation is a health service company with a prime objective to improve the health and well being of the people around the world. The company mainly provides its services through the operating subsidiaries which are spread throughout 30 countries and jurisdictions around the world and hence, serving 70 million customers globally.

The company provides many different kinds of health insurance products such as:

  • ManipalCigna ProHealth Insurance
  • ManipalCigna Lifestyle Protection
  • ManipalCigna ProHealth Cash
  • ManipalCigna Global Health Group Policy

National Insurance Company Limited

National Insurance is India’s oldest general insurance company which was incorporated in Kolkata in the year 1906. It is the first company to introduce office on wheels in India. The company has also been awarded several national and international awards such as The Asset Asian awards 2017 for cash management solutions and Economics Times Iconic Brands 2018 (General Insurance Category).

The popular products/policies of the company are:

  • Overseas Mediclaim Employment and Studies
  • National Mediclaim Policy (Individual Plan)
  • Overseas Mediclaim Business and Holiday

Religare Health Insurance Company Limited

Religare Health Insurance Company provides health care services across the globe in listed network hospitals even on a cashless basis. It also provides unlimited automatic recharge so that the insured never runs out of coverage. They also provide annual health check-ups for all the members covered by the policy. The company also provides air ambulance cover. By renewing the policies each year, the company provides lifelong renewability services to the insured.

The company provides 5 kinds of plans as listed below.

  • Super Saver Care 3 (4 lakhs)
  • Elite Care 4 (5,7,10 lakhs)
  • Elite Plus Care 5

Star Health & Allied Insurance Company Limited

Star Health & Allied Insurance was incorporated in the year 2006 and currently 10600+ employees 460+ branches throughout India. It provides cashless treatment at 9600+ hospitals across the nation, free second medical opinion and also personalized doctor visits for customers getting hospitalized. The company has also been awarded Health Insurance Provider of the Year 2018 by Outlook Money awards and India’s Leading Insurance Company of the year by the Dun & Bradstreet BFSI Summit & Awards in the year 2019.

The plans provided by the company are:

  • Senior Citizen Red Carpet Health Insurance Plan
  • Star Comprehensive Insurance Plan
  • Super Surplus Insurance Policy

Universal Sompo General Insurance Company Limited

Universal Sompo is a joint venture of Karnataka Bank LimitedIndian Overseas Bank, Dabur Investments, Allahabad Bank and Sompo Japan Nipponkoa Insurance Inc. This company has 86 branches and 17 Zonal offices across India. The company has also been partnering with the Government of India for extending social security packages.

The healthcare plans availed by the company are:

  • Complete Healthcare Insurance
  • Individual Health Insurance
  • Janta Personal Accident Insurance

The insured can claim benefits for all the illness covered under the health insurance policy and can also claim tax benefits for the premiums paid according to Section 80D of the Income Tax Act,1961. It is also necessary to have a look at the fine prints to know about the coverage offered by your health insurance provider.