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The Oriental Insurance Company: Govt. New Delhi: 1947 30 United India Insurance Company: Govt. Chennai: 1938 31 Universal Sompo General Insurance Company Private Mumbai: 2007 32 Kshema General Insurance Limited Private Hyderabad: 2023 33 Galaxy Health Insurance Co Ltd Private Chennai: 2023
Policy price range: Insurance companies offer health insurance from a sum insured of ₹ 5,000 [11] for micro-insurance policies to a higher sum insured of ₹ 5 million (US$58,000) and above. The common insurance policies for health insurance are usually available from ₹ 100,000 (US$1,200) to ₹ 500,000 (US$5,800).
CVS Health United States: 62.2 16 Life Insurance Corporation India: 56.6 17 China Pacific Insurance Company China: 53.7 18 Health Care Service Corporation United States: 46.7 19 Progressive Corporation United States: 46.4 20 The Allstate Corp United States: 45.8 21 Zurich Ins Group Ltd Switzerland: 44.8 22 HDI Germany: 44.2 23 Liberty Mutual
The company claims to process nearly 25% of India's life insurance and over 7% of the country's retail health cover. [8] Policybazaar.com has tie-ups with insurance companies that help it procure information such as prices, benefits, insurance cover, etc. directly from the insurers.
Acko General Insurance is a private sector general insurance company in India. [ 1 ] [ 2 ] Founded in November 2016, the company received its license from the Insurance Regulatory and Development Authority of India (IRDAI) in September 2017.
The company acquired DHFL General Insurance in January 2020 and renamed as Navi General Insurance Limited. [ 24 ] [ 25 ] It launched Navi Health, a ‘2-Minute’ online retail health insurance product, in 2021.
In 2020, HDFC Ergo Health Insurance( earlier known as Apollo Munich Health Insurance) [4] merged with the company after the receipt of final approval from the Insurance Regulatory and Development Authority of India (IRDAI) making it the second-largest private insurer in the accident and health insurance business. [5]
Niva Bupa Health Insurance was founded in 2008 as a joint venture between Max India and Bupa and started operations in 2010. [2] [3]In Jun 2011, it integrated with Insurance Regulatory and Development Authority's Integrated Grievance Management System in real-time, which made the company the first health insurance company in India to have such a system.
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