Home > Money > Question
Need Expert Advice?Our Gurus Can Help

Confused about Mediclaim in India? Let's Explore the Top Players!

Ramalingam

Ramalingam Kalirajan  |8027 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 20, 2025

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Nitiksha Question by Nitiksha on Jan 16, 2025Hindi
Listen
Money

Which is the No 1 mediclaim company in India?

Ans: When selecting a health insurance provider, it's essential to consider factors like claim settlement ratio, customer service, and policy offerings. Here are some leading health insurance companies in India:

1. Aditya Birla Health Insurance Company Limited

Claim Settlement Ratio: Aditya Birla Health Insurance reported a claim settlement ratio of 90.24%.

Overview: Aditya Birla Health Insurance offers a range of health insurance plans tailored to individual and family needs.

2. Bajaj Allianz General Insurance Company Limited

Claim Settlement Ratio: Bajaj Allianz General Insurance has a claim settlement ratio of 74.27%.

Overview: Bajaj Allianz provides comprehensive health insurance policies with various benefits and coverage options.

3. HDFC ERGO General Insurance Company Limited

Claim Settlement Ratio: HDFC ERGO General Insurance boasts a claim settlement ratio of 79.04%.

Overview: HDFC ERGO offers a variety of health insurance plans, including critical illness and family floater policies.

4. ICICI Lombard General Insurance Company Limited

Claim Settlement Ratio: ICICI Lombard General Insurance has a claim settlement ratio of 77.33%.

Overview: ICICI Lombard provides health insurance policies with extensive network hospitals and cashless facilities.

5. Star Health & Allied Insurance Company Limited

Claim Settlement Ratio: Star Health & Allied Insurance has a claim settlement ratio of 65.00%.

Overview: Star Health & Allied Insurance offers specialized health insurance plans, including coverage for pre-existing diseases.

6. Care Health Insurance Limited

Claim Settlement Ratio: Care Health Insurance has a claim settlement ratio of 53.82%.

Overview: Care Health Insurance provides a range of health insurance policies with customizable options.

7. Niva Bupa Health Insurance Company Limited

Claim Settlement Ratio: Niva Bupa Health Insurance has a claim settlement ratio of 54.05%.

Overview: Niva Bupa offers health insurance plans with extensive coverage and wellness benefits.

8. Tata AIG General Insurance Company Limited

Claim Settlement Ratio: Tata AIG General Insurance has a claim settlement ratio of 78.33%.

Overview: Tata AIG provides health insurance policies with a focus on customer satisfaction and quick claim settlements.

9. Reliance General Insurance Company Limited

Claim Settlement Ratio: Reliance General Insurance has a claim settlement ratio of 86.31%.

Overview: Reliance General Insurance offers a variety of health insurance plans with competitive premiums.

10. Bajaj Allianz General Insurance Company Limited

Claim Settlement Ratio: Bajaj Allianz General Insurance has a claim settlement ratio of 74.27%.

Overview: Bajaj Allianz provides comprehensive health insurance policies with various benefits and coverage options.

Final Insights

Selecting the right health insurance company involves evaluating factors such as claim settlement ratio, customer service, and policy offerings. It's advisable to compare these aspects to find a provider that best suits your healthcare needs.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Sanjib

Sanjib Jha  |66 Answers  |Ask -

Insurance Expert - Answered on May 31, 2022

Listen
Money
This is Bobby here and have a few questions related to your article (enclosed), Mediclaim: What You Must Know Would like to know, with your experience in this field, as to: 1. Which mediclaim policy or policies, currently in INDIA and especially Mumbai has all the required coverage as mentioned in your article 2. We are a family of 3 with a school going child and both of us are aged 45 3. Have acquired diabetes a few months ago and have hepatitis B and kidney stones  4. What should be the approximate premium, per annum to cover all that is mentioned in your article and keep us safe from the issues arising out if and when we really require hospitalisation and save us from rejected claims.   5. Presently we are covered under Mediclaim policy from Star Health Would be highly obliged should you guide us on the above to make our lives easier.
Ans: Hi Bhupesh, there is no ‘one size fits all’ concept with health insurance. Health insurance is based on preferences of the customer and then the premium quotes are generated based on those factors. You can use insurance broking websites to compare the offerings on the mentioned 5 factors and the premiums for various policies that will help you to compare their benefits and make an informed choice. Depending on your priorities, weigh out the factors and decide accordingly.

Since you have mentioned about your family, you can opt for Family Health Insurance policies with an appropriate sum insured to cover your entire family. Like I have mentioned before, premiums are unique to individuals depending on their preferences, the sum insured they deem suitable, the riders they choose, their medical history etc.

What you can do to ensure you buy the correct policy for yourself is to evaluate policies carefully, keeping in mind the 5 important parameters.

:

..Read more

Latest Questions
Ravi

Ravi Mittal  |536 Answers  |Ask -

Dating, Relationships Expert - Answered on Feb 21, 2025

Asked by Anonymous - Feb 19, 2025
Relationship
Recently, we got Engaged after a Courtship Period of 6 Months. Prior to this, my Fiancee had been in a Long Term Relationship, while I had never been into any Serious Romantic Relationship, apart from Platonic Friendship, with the Female Gender. Some 3 Months ago, my Fiancee confessed everything about her Past Relationship. Apparently, her Ex Boyfriend was quite Toxic. He used to Abuse her Emotionally but still Manipulate her into having Sexual Intercourse with him, which he was really good at. She also confessed that she enjoyed the Sexual Intimacy, even though she felt Emotionally invalidated in her previous Relationship. Apparently, their Relationship ended when she started being Assertive & tried taking a stand for herself. Then he Gaslighted her & Broke up the Relationship which was almost 5 years long. Initially, I felt uncomfortable hearing all these details from her as I was Virgin without any Prior Relationship Experience. But gradually, I began to Empathize with her. I appreciated her Honesty, as most other Women may not have Confessed all these before having an Arranged Marriage. Hence, I decided to Love her, without Judging her Past. Over the next 3 Months, we both became Emotionally close to each other & got Engaged with the Blessings of both Families. At the beginning of the Valentine's Week, I expressed my desire to lose my Virginity to her & also check our Sexual Compatibility, only if she's comfortable with it. She agreed & promised me that she would be taking the lead to ensure that my 'First Experience' would be memorable. On the 14th of February (Valentine's Day), she was the one who took me out on a Romantic Date, pampered me with Gifts, Treated me to exquisite Food & Drink. She had Pre-booked a Room in a Classy Hotel & had it arranged like it was meant for the First Night of a Just-Married Couple. We freshened up & got into the act. Initially, it was going great, but when we were in the middle of it, she started moaning the name of her Ex Boyfriend, in a Sub-conscious state. I was shocked & turned off. Immediately, I left the Hotel Room & went back Home & cried throughout the Night, thinking about my First Experience which was Ruined like this. The next day, she came over to meet me at my Place & gave me a Flower Bouquet with an Apology Note. My Heart wouldn't let me meet or talk with her. Hence, she expressed herself in Text. She profusely apologized for ruining my First Experience, though it was not intentional. She promised me that she would make up for this Bad Experience with a much better Experience, if I am willing to give her another chance. But I have a Gut Feeling that she was missing the Sexual Intimacy, which she used to enjoy with her Ex Boyfriend & that she can never Love me, as deeply as she Loved him, that she was unable to forget him even after going through an Abusive Relationship & a Traumatic Breakup. During the last 3 Months, I had treated gently with Empathy, showering her with Affection, so that she'd heal from her Past Relationship Trauma & I never tried to Pressurize her into having Sex with me, I just expressed my Desires & gave her the choice, whether or not to fulfill them. She seemed to have agreed, wholeheartedly. Several times, I asked her whether she was Physically, Mentally & Emotionally Prepared for it, just to Reassure myself that I am not being Manipulative like her Ex Boyfriend. Even if she had expressed 1% Uncertainty to go ahead, I wouldn't have insisted her & put it away to a later point of time, when she felt comfortable with me. She reassured me that she's completely ready & did all the Arrangements herself, which really touched my Heart as most other Girls expect the man to put in most of the efforts & feel as if they are doing him a Favour by 'giving him Sexual Pleasure'. But what happened on our First Night, Devastated me completely. Now I feel that she had been Faking it all the time. I told her clearly that I felt Cheated & that it would be Difficult for me to Trust her again. She excused herself saying that it was just a 'Mistake' & she didn't even consider it as 'Cheating' as it happened involuntarily. But I am Worried about such scenarios recurring after we get Married. What if she keeps thinking & fantasizing about her Ex Boyfriend, everytime we get Intimate? It would be as if, she's just present with me, physically but not Emotionally. It Would Ruin my Peace of Mind as I want to Enjoy a Blissful Sex Life with my Wife after getting Married. I am worried that this Incident may keep playing in my Subconscious Mind, everytime we get Intimate & that I'll never be able to enjoy Sexual Intimacy ever again. I told her that I am not really Sure about going ahead with the Marriage, but I am not able to discuss this matter with my Parents (or even her Parents) as they wouldn't approve of the Pre-marital Sex, which we engaged in. I am also Worried that even if I Cancel this Marriage, I may or may not get another Girl who's as good as this one & I am also worried about how the Next Girl would be Judging me, if I disclose all this to her. I am losing my Sleep over-thinking all this & unable to lead my Daily Life, Peacefully. Meanwhile, my Fiancee messages me several times every day, Requesting for another chance to Please me Sexually (in order to keep me attached to her, so that I don't try to Cancel the Marriage). I don't understand what to do, in this situation, Please advise me. Shall I Cancel the Marriage? What shall we tell our Parents? Or does she really Deserve another Chance?
Ans: Dear Anonymous,
First of all, I am really sorry you are going through such a tough time. Secondly, from all the details you have given, you were certainly not manipulative. Now coming to your query, I understand that it can be very difficult to discuss such an intimate moment with parents or make them understand why you decided to break things off, but if that is the only thing holding you off, I would say it's better to have a few uncomfortable discussions than a lifetime of wondering "if your wife is thinking about her ex." And even if she does not, would you ever truly believe that? You have two options- either you postpone the wedding and ask for some time to figure things out, in the meanwhile seek couples' counseling and see if this is a compatible match, or you completely rethink the alliance. After all, it is a matter of your entire life. The one thing I would definitely suggest is not to make hasty decisions or decisions based on "will I find someone else?" These both will make you make choices that are made in desperation. Remember it is better to be alone than in an unhappy and lonely marriage. And why would anyone judge you? You are not in the wrong here.

One more thing, as far as telling your parents is concerned, you can cite a reason like "compatibility issues which are slightly personal." I am sure they won't press on it. But please do not rush into anything.
Hope this helps.

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x