Which are the major health insurance companies in India?
The IRDA (Insurance Regulatory Development Authority has recognized the following companies in India)
The major health insurance companies in India are the
National Insurance Company
United India Insurance
Star Allied Health Insurance
Bajaj Allianz Apollo
AG Health Insurance Company
Insurance industry in India has witnessed a sea of change since the opening of the sector for private participation. Most of these insurance companies have appointed TPA(Third Party Administrator) and the best thing to happen on the service front is introduction of third party administrators. The introduction of this new breed of intermediaries in the sector will benefit both the insured and the insurer. While the insurers are benefited by reduction in their administrative costs the insured is benefited by better service.