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Best Health Insurance Company Among All

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Business volume and claim settlement ratio of each individual health insurance companies (Note-All figures are in Lakh, data based on IRDA Annual Report 2012-2013).

According to IRDA report 2012-2013, there are 17 Private Insurance companies who do business in General Health Insurance along with Health Insurance, 4 Public Sector Units and 4 standalone insurance companies who’s core business in only Health Insurance.

Here companies are categorised in 3 categories as and are coloured differently for each category.
Next differentiation is of Group Insurance Schemes, Family floater and Individual Health Insurance Schemes.

It is clear that in group insurance segment private insurers are aggressive in claim settlement, but in family floater segment general insurance companies and public sector companies are doing good than sandalone health insurance companies.

Finally for individual health insurance category again public sector companies are performing good.

The fact that is most surprising here is, standalone companies claim settlement ratio for family floater and individual health insurance policies were low compare to others.

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