Which Health Insurance Company is Best in India?
Best Health Insurance Companies in India
At present, more than 25 health insurance providers operate across India. All of them offer effective health coverage plans and other useful benefits. So, confusion may arise about which health insurance company to choose that is reliable and prioritises customer settlement procedures.
Signs of a Top-Tier Health Insurance Company
As the health insurance industry experiences cutthroat competition, the best-suited health insurance company will be the one that can cater to your specific coverage needs.
Read on to find some of the prominent factors to consider while choosing your health insurance provider:
●Claim Settlement Ratio
This factor indicates how dependable a health insurance company is. It is the percentage of overall claims settled by the insurer against the number of claims raised by their clients. Therefore, when you choose a health insurance company with a high claim settlement ratio, you increase your chances of receiving the necessary financial support during medical emergencies.
●Wide Range of Health Plans
Customers should always prioritise health insurance companies that promote various types of health insurance plans. Some providers only offer individual and family health plans, while other specialised operators prepare tailored healthcare solutions at reasonable rates. These include unique medical policies for women, families of 3-4 people, individuals over 50 years of age, senior citizens, rural area residents, and so on.
Relying on a health insurance company that can cater to your varying needs will give you peace of mind, knowing that you are covered in different circumstances.
●Wide Range of Cashless Network Hospitals
This is one of the foremost factors you should consider when picking your health insurance partner. Usually, health insurance brands tie up with multiple speciality hospitals across India to ensure their customers can easily access cashless treatment without having to travel far from home. So, whichever health insurance company you select, make sure they have partnered with your preferred hospitals in the desired localities.
Additional Factors to Narrow Down on the Best Health Insurance Provider
Once you have gone through the above checkpoints, you can compare your shortlisted health insurance providers based on the following:
●Out-of-pocket Costs
Regardless of the medical insurance provider you choose, their plan features should clearly state how much you will have to pay out-of-pocket for medical costs. So, be sure to check the deductibles and accordingly gauge whether the quoted premium is commensurate with the coverage a company promises to provide.
●Scope of Services
Make sure to check the summary of benefits of relevant health insurance plans by your shortlisted health insurers to determine which one gives a better scope of services. Some can commit to offering superior emergency coverage, while others can provide you with much better medical coverage against mental health care, heart care, physical therapy, and so on.
●Customer Reviews
Eventually, it is the most reliable parameter to measure the trustworthiness of a medical insurance company. In this respect, you can trust Star Health, a company that is known for settling more than 5000 individual health insurance claims every day. Moreover, we have customer reviews posted across the internet that you must definitely check before exploring our top-rated health insurance plans.