Private Health Insurance Companies in 2019

By Suzan K Last updated May 9, 2019

What is Health Insurance?

Health Insurance is a contract between an insurer and the policyholder in which the policyholder pays a premium to the insurer either in bulk sum or in monthly payments. So what happens is when a policyholder is ill then the cost gets reimbursed by this insurance. In this article, we are going to discuss and compare some private health insurance companies.
So, let’s move on to the next part!

Why get Health Insurance?

Generally, it’s advised to get good health insurance. You may get it from government-owned or private health insurance companies too. Life-threatening diseases are very common now. You will definitely not want to stop the treatment of your loved because of high costs. This is why health insurance is important.

So, let’s move on to the next part! You will definitely not want to lose your family and even your family would not want to lose you ever for the sake of unavailability of money. It’s a true and very sad fact that many people die. Just because of lack of money. So, let’s move on to the next part!

Covered with Private Health Insurance

When you or your relative is in the clinic, your relatives will be under heaps of stress for sure. Likewise furthermore you will not have any desire to give them worry of less money. This may lead to stress to the victim. So, let’s move on to the next part!

Your health insurance will play a vital role here indeed. Generally, most of your treatment costs would be borne by your health insurance. These days health insurance are so vast that they cover a good percentage of your treatment costs and some provide very fast claims too. The main purpose of getting Health Insurance is to get the best medical care without sudden stress on your finances. Remember this, “Health is Wealth”. So, let’s move on to the next part!

Benefits of Private Health Insurance Companies

Health Insurance is very useful and full of tons of benefits. These days insurance plans have evolved. They are now covering very vast fields. Health Insurances are now available for very low prices!
So, let’s move on to the next part!

Benefits

Here are some benefits of Having Health Insurance for you:-

Covers Medical Expenses – You definitely know this point. All the thing that a health insurance covers revolve around this point. Medical Expenses are covered by the insurance provider so that you may receive the best care. So, let’s get to the next part.
Covers domiciliary treatment – Many insurance companies now offer the domiciliary treatment cover as an add-on package. Domiciliary treatment means the treatment under your home in medical supervision.
Convalescence Benefit – This add-on package covers your recovery benefits. Like the loss of your income while treatment. This add-on will help you recover your financial status.

Covers Critical Illness – Critical illness insurance covers the treatment costs when you get ill and that illness is in the insurance provider database. In this case, you have an entitlement to provide with a lump-sum amount. However, these policies need the policyholder to at least survive some minimum days. These range of minimum days are already set by the insurance provider at the time of taking the insurance. So, let’s getto the next part.

Cashless Claim – The traditional process can take very long and thus, insurance providers have started providing cashless claims to their customers. Moreover, You do not need to pay, the treatment charges are directly settled between your insurer and the hospital. But, you must note that to avail cashless claim you must be admitted to one of the hospitals registered in their panels.

Provides Serenity – The best advantage of having Health Insurance is that you have serenity. In addition, you can concentrate on your treatment without stressing over the budgetary expenses. Likewise, your family does not have to stress on the off chance when you have Health Insurance with you.

So, let’s move on to the next part!

Comparision of Private Health Insurance Companies

As of now, we have discussed a lot about insurance. So, let’s discuss about private insurance companies now.

Future Generali India Insurance Company Ltd – This is a joint venture between the Indian retailer Future group and Italy’s Generali group. It has over 17.5 Lakhs claims settled by now. Some of its features are that it has more than 2000 active corporate clients, 5000+ cashless hospitals and 6000+ agents across the country (India).
Bajaj Allianz General Insurance Co Ltd – Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE. The best part of this is that Bajaj Allianz General Insurance has received iAAA rating for the 11th year which means it has the highest claim paying ability.
Star Health and Allied Insurance Co Ltd – This insurance company started its operations in 2006. Because of its convenient direct-claim settlement, it got the title of “Claims Service Company of the year 2014” among 28 other general insurance companies. It has 8800+ hospital base and settled
Rs. 2552.30 Crores of claims in the financial year of 2018-2019.
National Insurance Co Ltd – It is a government-controlled company. The company recognised as one of “India’s premium brands” by The Economic Times. Rated as AAA by CRISIL.
Reliance General Insurance Co Ltd – It is a part of Reliance Anil Dhirubhai Ambani Group and it is an Indian Private Insurance Company. The company founded on 17 August 2000. One of the best things about them is that they have 4800+ garages, 4000+ network hospitals and 139+ branches in India.

Concclusion

So, as you saw in this article, we compared various private health insurance companies and hope that you might have got an idea of the basic details about them.