1. Star health and allied insurance company limited
Star health and allied insurance company limited started their operations in 2006 and they are the first standalone health insurance company. Their services are excellent in terms of every paramenter. They provide products like health insurance, travel insurance and international travel insurance. They have highest market share in the industry of 10.6 percent and 63 percent incurred claim ratio.
2. Apollo munich health insurance company limited
HDFC ERGO previously known as apollo munich insurance company limited. HDFC ERGO aquired it in january 2020 by buying a majority stake of 51 percent of apollo munich. Its headquarter is located in mumbai. Their main products are health insurance, travel insurance and and accidental insurance. They has a market share of 4.4 percent and 62 percent incurred claim ratio.
3.Max bupa health insurance company limited
Max bupa health insurance company limited is founded in 2008 but the company started its operation from 2010. Its headquarter is located in New Delhi. In april 2019, the company has won "The economics time best 2019 brand award". The company have a market share of 0.5 percent and 54 percent incurred claim ratio.
4. Icici lombard general insurance company limited
Icici lombard is founded in 2001. Icici lombard general insurance company leads the insurance industry with a market share of 15.6 percent. And it is the only private general insurance company listed on NSE. Its main products are health insurance, vehicle insurance, personal accidental policy, marine insurance, home insurance. It has a 76 percent incurred claim ratio.
5. Tata aig general insurance company limited
Founded in 2001, It is the joint venture between Tata and american insurance group. Tata aig is in the market leaders in general insurance industry and its headquarter is in mumbai. Their main products are travel insurance, health insurance, motor insurance, marine insurance, home insurance. It has 60.8 percent incurred claim ratio.
6. Religare health insurance company limited
Religare health insurance company limited founded in 2012. Its headquarter is in New delhi. Their main products are health insurance, critical illness insurance, travel insurance, personal accidental insurance, group personal accidental insurance, group health insurance. It has a incurred claim ratio of 52 percent.
7. Bajaj allianz general insurance company limited
Bajaj allianz general insurance company limited founded in 2001, headquartered in pune, India. Bajaj allianz is also the leading company in general insurance sector. It is the joint venture between the bajaj finserv and allianz. Its main products are travel insurance, health insurance, motor insurance,home insurance. It has a incurred claim ratio of 85 percent.
8. National insurance company limited
National insurance company limited founded in 1906, is a public sector company. It serves in India and Nepal. Its headquarter is located in kolkata. Their main products are motor insurance, health insurance, property insurance. It has a inccured claim ratio of 115.55 percent.
9. Aditya birla health insurance
Aditya birla is the indian multinational group. Its headquarter is in mumbai. The group operates in 34 countries and has more than 120000 employees worldwide. They also provide us health insurance. The incurred claim ratio of aditya birla health insurance company is 56 percent.
10. Bharti axa general insurance company limited
Bharti axa general insurance company limited founded in 2008 and its headquarter located in mumbai. Their products are car insurance, two wheeler insurance, health insurance, critical illness insurance, home insurance, personal accidental insurance and travel insurance. Incurred claim ratio of bhari axa is 89%.
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