Top 10 Health Insurance Companies in India for 2025 | Best Claim Settlement Ratios Explained

Health insurance is an essential financial safety net, ensuring you receive quality healthcare without worrying about excessive costs. With over 30 health insurance companies in India, choosing the right one can be overwhelming. The best insurance providers not only offer comprehensive coverage but also boast a high claim settlement ratio (CSR), extensive hospital networks, and excellent customer support.

To help you make an informed decision, we have analyzed the top health insurance providers in India for 2025, based on key factors such as claim settlement ratio, solvency ratio, number of policies issued, and customer feedback.

How We Selected the Best Health Insurance Companies

Before diving into the list, let’s understand the selection criteria:

1. Claim Settlement Ratio (CSR): A high CSR indicates a company’s reliability in settling claims. We have focused on insurers with a CSR above 95%.
2. Number of Policies Issued: More policies issued often mean better customer trust and service efficiency.
3. Network Hospitals: A larger network of cashless hospitals ensures easier access to medical care.
4. Solvency Ratio: This reflects the insurer’s financial health. IRDAI mandates a minimum of 1.5.
5. Customer Support & Reviews: Insurers with excellent service, quick grievance resolution, and minimal complaints rank higher.

Top 10 Health Insurance Companies in India for 2025

1. Star Health and Allied Insurance

• Claim Settlement Ratio: 99.06%
• Network Hospitals: 14,000+
• Solvency Ratio: 2.10
• Key Features:
  • Offers no-copayment options.
  • Lifetime renewability.
  • Special plans for diabetes and senior citizens.
  • Faster cashless claim approvals.

Why Choose Star Health? Star Health leads the market with its impressive CSR and customer-friendly services. It is well known for its fast claim processing and strong hospital network.

2. HDFC ERGO Health Insurance

• Claim Settlement Ratio: 99.01%
• Network Hospitals: 12,500+
• Solvency Ratio: 1.87
• Key Features:
  • Customizable plans for individuals and families.
  • Zero room rent cap on most policies.
  • Coverage for alternative treatments like Ayurveda and Homeopathy.

Why Choose HDFC ERGO? HDFC ERGO is known for transparent policies and minimal hidden clauses, making it a reliable choice for families.

3. ICICI Lombard Health Insurance

• Claim Settlement Ratio: 98.73%
• Network Hospitals: 10,000+
• Solvency Ratio: 2.25
• Key Features:
  • Covers daycare procedures.
  • No sub-limits on ICU charges.
  • Instant policy issuance with minimal documentation.

Why Choose ICICI Lombard? It offers quick claim settlements and extensive digital support for policyholders.

4. Niva Bupa (Max Bupa) Health Insurance

• Claim Settlement Ratio: 98.65%
• Network Hospitals: 8,500+
• Solvency Ratio: 1.80
• Key Features:
  • No-claim bonus up to 200% of sum insured.
  • Health check-up benefits.
  • Refill benefit that reinstates the sum insured if exhausted.

Why Choose Niva Bupa? A trusted insurer with innovative benefits for policyholders.

5. SBI Health Insurance

• Claim Settlement Ratio: 98.32%
• Network Hospitals: 9,000+
• Solvency Ratio: 2.12
• Key Features:
  • High sum insured options.
  • Comprehensive critical illness cover.
  • Coverage for organ donor expenses.

Why Choose SBI Health? SBI Health offers one of the best critical illness covers, ideal for individuals seeking long-term security.

6. Care Health Insurance (Religare)

• Claim Settlement Ratio: 98.22%
• Network Hospitals: 11,000+
• Solvency Ratio: 1.76
• Key Features:
  • High-value sum insured plans up to Rs. 6 Crore.
  • No-claim bonuses up to 150%.
  • AYUSH treatment coverage.

Why Choose Care Health? Ideal for those looking for extensive coverage at a reasonable premium.

7. Tata AIG Health Insurance

• Claim Settlement Ratio: 97.90%
• Network Hospitals: 7,000+
• Solvency Ratio: 1.95
• Key Features:
  • Covers advanced robotic surgeries.
  • Free annual health check-ups.
  • Comprehensive COVID-19 cover.

Why Choose Tata AIG? Excellent for people looking for specialized treatments like robotic surgeries.

8. Aditya Birla Health Insurance

• Claim Settlement Ratio: 97.50%
• Network Hospitals: 10,500+
• Solvency Ratio: 1.92
• Key Features:
  • Wellness programs with incentives.
  • Discounts for healthy lifestyle habits.
  • Cashless hospitalization within 4 hours.

Why Choose Aditya Birla Health? Ideal for health-conscious individuals who want rewards for staying fit.

9. ManipalCigna Health Insurance

• Claim Settlement Ratio: 97.20%
• Network Hospitals: 8,000+
• Solvency Ratio: 1.88
• Key Features:
  • OPD expenses covered.
  • Unlimited restoration of sum insured.
  • Maternity benefits with newborn coverage.

Why Choose ManipalCigna? Perfect for families looking for maternity and OPD benefits.

10. New India Assurance Health Insurance

• Claim Settlement Ratio: 96.99%
• Network Hospitals: 9,500+
• Solvency Ratio: 2.50
• Key Features:
  • Government-backed stability.
  • Affordable premiums for senior citizens.
  • Coverage for pre-existing diseases from the 2nd year.

Why Choose New India Assurance? Best for senior citizens due to affordability and solid government backing.

Conclusion

Choosing the right health insurance policy can be life-saving. The top 10 companies listed here provide a combination of high claim settlement ratios, excellent customer service, and extensive network hospitals. When selecting a policy, consider factors like coverage, exclusions, and additional benefits tailored to your needs.

If you found this guide useful, share it with family and friends looking for the best health insurance in India for 2025. Also, let us know in the comments which insurer you prefer and why!