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The health care sector in India has undergone massive change in the last few years. One of the main reasons which have contributed to the change is that people have become more conscious about their health. Moreover, they know the immense expenses that are incurred in the case of an ailment or treatment of some critical disease. Getting admitted to a hospital for the treatment can practically make one bankrupt if one is not financially secure. In a country like India, this is a common scenario.
One of the ways of avoiding this chaos is getting a health insurance plan. There are innumerable insurance companies which work in India offering various kinds of health insurance plans. There are both private companies as well as government companies offering health insurance plans to people. The features offered and the premiums vary from one company to another. It is recommended to check the list of government health insurance companies in India and understand what they are offering. Even the government health insurance companies are coming up with new and better health insurance plans for customers.
List Of Government Health Insurance Companies In India
National Insurance Company Limited
National Insurance Company Limited is one of the oldest and best general insurance companies in India. The company was incorporated in the year 1906 in Kolkata. After 66 years of inception, the company merged with 11 Indian and 21 foreign companies for the formation of National Insurance Company Limited. Today it is one of the 4 subsidiaries of the Government-owned General Insurance Corporation of India. National Insurance Company Limited comes with a huge workforce and innumerable offices and branches all over India along with operations in Nepal.
Tailor-made and comprehensive insurance plans are devised by the company. Some of the most popular health insurance policies offered by the company include:
- National Insurance Parivar Mediclaim Policy
- Overseas Mediclaim Business and Holiday Policy
- National Insurance Parivar Mediclaim Plus Policy
- National Insurance Mediclaim Policy
- National Insurance Mediclaim Plus Policy
- Overseas Mediclaim Employment and Studies Policy
- National Critical Illness Policy
- National Varistha Mediclaim Policy for Senior Citizen
- National Individual Personal Accident Policy
Oriental Health Insurance Company Ltd.
The incorporation of Oriental Health Insurance Company Ltd. took place in the year 1947 on 12th September at Bombay. The company was a completely owned subsidiary of the Oriental Government Security Life Assurance Company Ltd. The main aim of the company was to carry out general insurance business. The Company was a subsidiary of Life Insurance Corporation of India from the year 1956 to 1973. It was till the time that General Insurance Business was nationalized in the country. in the year 2003, massive step was taken when all shares of the company held by General Insurance Corporation of India was transferred to the Central Government.
The various health insurance plans of Oriental Health Insurance Company Ltd. offer excellent financial assistance and cushioning in case of any kind of severe or critical health issues, ailments, etc. The schemes are also very useful for planned or sudden need for hospitalization and treatment. Some of the most popular health insurance plans offered by the company include:
New India Assurance Company Limited
If you are looking for the best health insurance company in claim settlement in India, there is no better option than New India Assurance Health Insurance. New India Assurance Company Limited is a completely owned subsidiary of the Indian Government. Headquartered in Mumbai, the company came into existence in the year 1919 and was founded by none other than Sir Dorabji Tata. Presently the company operates in a total of 28 countries.
The health insurance plans and programs launched by the company are for individual people as well as for families. The best thing about the health insurance plans from the company is that they are highly cost-effective in nature. Hence the majority of people can avail these health schemes for themselves and their families. The eligibility and conditions of the plans might vary from one another. It is therefore recommended to check each plan thoroughly and understand the areas that will be covered. Some of the prominent health insurance plans offered by the company include:
- New India Floater Mediclaim Policy
- New India Top Up Mediclaim Policy
- Mediclaim 2012 Policy
- New India Asha Kiran Policy
- Mediclaim 2007 Plan
- Pravasi Bharatiya Bima Yojana Policy
- Janata Mediclaim Policy
- Family Floater Mediclaim Policy
- Personal Accident Policy
- Senior Citizen Mediclaim Policy
- Overseas Mediclaim Policy
SBI General Insurance Company
SBI General Insurance Company Limited has a joint venture with State Bank of India and Insurance Australia Group. Headquartered in Mumbai, the company is highly active in more than 56 cities all across India. State Bank is a government-owned corporation. Along with 7 associate banks, there are more than 18500 branches all over the country. On the other hand, Insurance Australia Group Limited is an internationally acclaimed general insurance group. The business operates in Asia, the United Kingdom, Australia, and New Zealand.
There are special health insurance plans which are launched by SBI General Insurance. With such plans in hand, you will be able to deal with all kinds of medical emergencies quite effectively. With a good health insurance plan from SBI, you will be able to bear the costs of medical expenses without much headache. Some of the important SBI health insurance plans include:
- SBI General Health Insurance Policy â€“ Retail
- SBI General Critical Illness Insurance Policy
- SBI General Group Health Insurance Policy â€“ For individual and family
- SBI General Hospital Daily Cash Insurance Policy
- SBI General Arogya Plus Policy
- SBI General Arogya Premier Policy
- SBI General Arogya Top Up Policy
Now that you have the list of government health insurance companies in India, you can choose the one which suits your requirements best.