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List of Health Insurance Companies in India in 2025

List of Health Insurance Companies in India

Company name IRDA Registration Number Founding year Headquarter location
National Insurance Co. Ltd. 58 1906 Kolkata
Go Digit General Insurance Ltd. 158 2016 Bengaluru
Bajaj Allianz General Insurance Co. Ltd. 113 2001 Pune
Cholamandalam MS General Insurance Co. Ltd. 123 2001 Chennai
Bharti AXA General Insurance Co. Ltd. 139 2008 Mumbai
HDFC ERGO General Insurance Co. Ltd. 146 2002 Mumbai
Future Generali India Insurance Co. Ltd. 133 2007 Mumbai
The New India Assurance Co. Ltd. 190 1919 Mumbai
Iffco Tokio General Insurance Co. Ltd. 106 2000 Gurugram
Reliance General Insurance Co. Ltd. 103 2000 Mumbai
Royal Sundaram General Insurance Co. Ltd. 102 2001 Chennai
The Oriental Insurance Co. Ltd. 556 1947 New Delhi
Tata AIG General Insurance Co. Ltd. 108 2001 Mumbai
SBI General Insurance Co. Ltd. 144 2009 Mumbai
Acko General Insurance Ltd. 157 2016 Mumbai
Navi General Insurance Ltd. 155 2016 Mumbai
Zuno General Insurance Ltd. (formerly known as Edelweiss General Insurance) 159 2016 Mumbai
ICICI Lombard General Insurance Co. Ltd. 115 2001 Mumbai
Kotak Mahindra General Insurance Co. Ltd. 152 2015 Mumbai
Liberty General Insurance Ltd. 150 2013 Mumbai
Magma HDI General Insurance Co. Ltd. 149 2009 Kolkata
Raheja QBE General Insurance Co. Ltd. 141 2007 Mumbai
Shriram General Insurance Co. Ltd. 137 2006 Jaipur
United India Insurance Co. Ltd. 134 1938 Chennai
Manipal Cigna Health Insurance Company Limited 151 2014 Mumbai
Aditya Birla Health Insurance Co. Ltd. 109 2015 Mumbai
Star Health & Allied Insurance Co. Ltd. 129 2006 Chennai
MAX Bupa Health Insurance Company Ltd. 145 2008 New Delhi
Care Health Insurance Ltd. 148 2012 Gurgaon
Universal Sompo General Insurance Co. Ltd. 134 2007 Mumbai

Now that you have seen the list of health insurance companies in India, understanding the difference between Insurance company, Insurance broker and Insurance Aggregator is also important.

 

List of Health Insurance Aggregators in India

Certificate Code Number Name of the Insurance Web Aggregator Website Address
IRDAI/INT/WBA/38/2016 Instabima Insurance Web Aggregator Private Limited www.instabima.com
IRDAI/INT/WBA/77/2023 Saarte Insurance Web Aggregators Pvt. Ltd. www.saarte.in
IRDAI/WBA/23/2015 Compare Policy Insurance Web Aggregator Private Limited www.comparepolicy.com
IRDAI/WBA/80/2023 Insure Fast Web Aggregators Private Limited https://insurefast.in/
IRDAI/INT/WBA/58/2019 KDGO Insurance Web Aggregator Private Limited www.policybharat.com
IRDAI/INT/WBA/53/2018 InstantCover Insurance Web Aggregator Private Limited www.eindiainsurance.com
IRDAI/INT/WBA/76/2023 Digibima Insurance Web Aggregator Private Limited https://digibima.com/
IRDAI/WBA/34/2016 Covernest Insurance Web Aggregator Private Limited www.covernest.com
IRDAI/WBA/14/2017 PolicyX.com Insurance Web Aggregator Private Limited www.policyx.com
IRDAI/INT/WBA/59/2021 INSUREIN Insurance Web Aggregator Private Limited www.insurewinsure.com
IRDAI/INT/WBA/60/2021 D CUBE Insurance Web Aggregator Private Limited www.dcubeinsure.in
IRDAI/INT/WBA/68/2022 Bimahub Insurance Web Aggregator Private Limited www.bimahub.in
IRDAI/INT/WBA/51/2018 Insuremile Insurance Web Aggregator Private Limited www.insuremile.in
IRDAI/INT/WBA/63/2021 MyBima Cafe Insurance Web Aggregator Private Limited www.mybimainsurance.com
IRDAI/INT/WBA/69/2016 Turanth Suraksha Insurance Web Aggregator Private Limited www.bimamandi.in
IRDAI/WBA/29/2015 MSF Insurance Web Aggregator Private Limited www.directinsure.in
IRDAI/INT/WBA/47/2017 KU Policy Insurance Web Aggregator Private Limited www.policyghar.in
IRDAI/INT/WEB/66/2021 Aditsh Insurance Web Aggregator Private Limited www.adfpolicy.com
IRDAI/INT/WBA/52/2018 Vivaan Insurance Web Aggregator Private Limited www.epolicymart.com
IRDAI/INT/WBA/54/2019 Check Your Premium Insurance Web Aggregator Private Limited www.checkyourpremium.com
IRDAI/INT/WBA/64/2022 Policy4us Insurance Web Aggregator Private Limited www.insurancepolicy4us.com
IRDAI/WBA/30/2016 Deztination Insurance Web Aggregator Private Limited www.policybachat.com
IRDAI/INT/WBA/50/2018 Great India Insurance Web Aggregator Private Limited www.insuringindia.com
IRDAI/INT/WBA/67/2019 Ramakumaaran Digital Insurance web aggregator LLP www.insurancebazzaar.com
IRDAI/INT/WBA/70/2019 Online policy house Insurance Web Aggregator Private Limited www.onlinepolicyhouse.com
IRDAI/INT/WBA/74/2019 Securesmarter Insurance Web Aggregator Private Limited www.sspolicy.com
IRDAI/INT/WBA/79/2019 Guide2Protect Insurance Web Aggregator Private Limited https://beema1.com
IRDAI/INT/WBA/61/2021 Skydda Insurance Web Aggregator Private Limited www.skydda.in
IRDAI/WBA/24/2015 MIC Insurance Web Aggregator Private Limited www.myinsuranceclub.com
IRDAI/INT/WBA/44/2017 Riskovery Insurance Web Aggregator Private Limited www.riskoveryinsurance.com
IRDA/WBA17/14 PolicyBazaar Insurance Web Aggregator Private Limited policybazaar.com
IRDA/WBA21/17 InsuranceDekho Insurance Web Aggregator Private Limited insurancedekho.com
IRDA/WBA19/15 Coverfox Insurance Web Aggregator Private Limited coverfox.com
IRDA/WBA25/21 ApnaPaisa Insurance Web Aggregator Private Limited apnapaisa.com
IRDA/WBA27/23 InsurancePundit Insurance Web Aggregator Private Limited insurancepundit.com
IRDA/WBA26/22 Insurancemall Insurance Web Aggregator Private Limited insurancemall.in

An insurance aggregator is more of an intermediary that focuses on insurance policies from different insurance companies so that the end-user has an array of choices in as many ways as possible. Intermediaries acquire data from various insurers and organise it to allow consumers to compare product features, advantages, and premiums.

On the other hand, a health insurer can be described as an entity that issues health insurance policies, bears the risk and processes claims. They cater to exigent factors like compensation for harm and other occurrences, including emergencies and other risks related to medical circumstances. 

To sum it up, an insurance aggregator allows you to see the differences in various insurance plans of different insurance companies. In contrast, a health insurer provides health insurance and is directly in charge of the insurance policies.

How is the Health Insurance Market in India?

The market segment of health insurance, in India especially, has been seen growing and evolving rapidly in a relatively short period. Let’s see how:

  • Valued at approximately USD 12.86 billion in 2022, the market is expected to grow at a compound annual growth rate (CAGR) of 11.55% from 2023 to 2030, projecting a market size of USD 82.5 billion by 2030. 
  • The significant factors for this growth include rising healthcare expenses, people’s awareness and income, large-scale government interventions such as the Ayushman Bharat Scheme, and, due to the influence of COVID-19, the issue of health insurance. 

Nonetheless, issues persist, including low penetration and the need for enhanced awareness and training, particularly in rural areas. Furthermore, India’s health insurance sector is expected to grow significantly shortly due to various factors such as economic liberalisation, rising income levels, the predominance of diseases, and technological advancement.

Year Market Size (USD BILLION) Growth Rate (%) Total Premium Collected (INR Cr) No. of Policies Issued (Million)
2019 7.5 10.5 45000 20
2020 8.3 10.7 50000 22
2021 9.2 10.8 55000 24
2022 12.86 11 60000 26
2023 14.3 11.5 65000 28

Legal Frameworks Governing Health Insurance in India

IRDAI New Rules for Health Insurance

Things to Check Before Choosing Health Insurance Policy

Benefits of Purchasing Health Insurance Directly from Insurance Company

Why Should You Choose Digit for Health Insurance?

Insurance Company vs Insurance Aggregators vs Insurance Brokers

Understand the difference between insurance companies, aggregators and brokers.

Insurance Company

Aggregators

Brokers

Insurance companies are businesses responsible for creating insurance products and selling them to customers.

Aggregators are third party entities who list all available insurance options, along with relevant data for potential customers to compare.

Brokers are mediating parties between an insurance company and its customers.

Role - Produce various insurance products for customers and offer adequate financial support to individuals who purchase these products.

Role - Offers a platform to potential insurance buyers to compare the various plans available so that they can pick the most suitable option.

Role - Sell or market insurance products to customers on behalf of the insurance company to earn a commission.

Employed By - None

Aggregators are third parties with no affiliations to any insurance companies operating in the market.

Brokers are often employed by the insurance company. Alternatively, they may be affiliated to such companies through a commission programme.

An insurance company is responsible for settling all credible claims from its policyholders.

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FAQs about Health Insurance Companies in India