Life Insurance

Compare Health Insurance Plans

Compare health insurance plans from top-rated insurers and clearly see the differences in coverage, premiums, and features.

Select Insurer

Let us know your insurer to compare plans.

Select at least 2 insurers to compare

Comparing health insurance plans isn't about finding the 'best' plan on paper. It's more about finding the right plan for you, your health, your family, and your budget.

How to Compare Health Insurance Plans?

You can compare health insurance policies along two verticals.

1

Compare Insurers

Evaluate operational performance, claim settlement figures, business scale and Net Promoter Score.

2

Compare Policies

Look at policy features, price point, and specific use cases to make a qualified choice.

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Compliant Advice

Comparing Insurers — How to decide which insurance company is better?

1

Track Record

A good insurance company should have an extensive track record. Any company with 10+ years is a good bet. 5+ years is decent. Avoid companies with less than 5 years.

10+ yearsgood5-10 yearsokayUnder 5 yearsavoid
2

Network Hospitals

A better network hospital bodes well for you. 8000+ hospitals is a decent bet. 5000-8000 is okay. Less than 5000 is a no-no.

8000+ hospitalsgood5000-8000okayUnder 5000avoid
3

Claim Settlement Ratio

CSR tells you the percentage of claims settled by an insurer. 90%+ is stellar. 80-90% is decent. Less than 80% is a no-go.

90%+good80-90%okayUnder 80%avoid
CompanyClaim Settlement Ratio (avg. 3 years)
New India Assurance98.9%
Digit98.6%
HDFC Ergo96.7%
Bajaj General96.7%
SBI96.1%
Acko96.5%
Aditya Birla95.8%
National Insurance94.6%
Niva Bupa91.6%
Star Health84.9%
ICICI Lombard84.5%
Navi71.4%
4

Operational Efficiencies

How well do insurers deal with application errors, paperwork, and customer complaints? Private insurers generally perform better than public/government-owned companies.

A Real World Example: HDFC Ergo vs Niva Bupa

Insurance Parameters

HDFC Ergo

Optima Restore

Recommended

Niva Bupa

ReAssure

Network hospitals
13,000
10,000
Claim settlement ratio
97%
92%
Co-payment
No
No
Room rent
Any Room
Any Room
Disease sub-limit
No
Yes
Pre-existing waiting
3 years
3 years
No claim bonus
50%/yr up to 100%
50%/yr up to 100%
Restoration benefit
100% once for any illness
100% unlimited for any illness
Health check-up
Once every year
Once every year
FAQ

Frequently Asked Questions

Start by checking the insurer's track record, hospital network, and CSR history.

No. Cheaper policies often have longer waiting periods or room rent restrictions.