Major Health Insurance Companies in India

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
• New India Assurance
• United India Insurance
• ICICI Lombard
• Tata AIG
• Royal Sundaram
• Star Allied Health Insurance
• Cholamandalam DBS
• 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.