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Best Health Insurance Company In India – National Insurance or United India Insurance?

 June 23, 2017  /  Comments Off on Best Health Insurance Company In India – National Insurance or United India Insurance?

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India’s health care system is mostly inclined to private sector. This is because, there is no health scheme by Government for all the citizen. Since, citizens are not protected by any National health care scheme, they have to pay from their own pockets to avail required treatments. Since private sector is more dominant in India’s health care domain, the out-of-pocket expenses are, more often than not, beyond the capacity of common Indians, especially from rural sectors. According to studies, out-of-pocket health care expenses are one of the main reasons behind poverty in India. Government of India spends a negligible percentage on health care and treatment charges at private facilities are exorbitant. In the given circumstances, commoners are unable to avail proper and quality treatment.

Best Health Insurance Company In India - National Insurance or United India Insurance?

Go Grab a Health Insurance and Forget Out-of-Pocket Medical Expenses

With a comprehensive health insurance for you and your family, you don’t have to pay from your own pocket to treat yourself or your near ones. Health insurance in India works offers both cashless and reimbursement facility.

Finding The Best Health Insurance Companies in India

There is no dearth of health insurance companies in India. Although, each provider comes with its own set of benefits, it is worthwhile to go for a public sector general insurance company. PSUs have an edge over private health insurers in India for a number of reasons. Public sector health insurers like National Insurance Company come under GIPSA and hence are capable of offering health insurance at a cheaper cost. You have to pay minimum premium for expensive treatments and surgeries. Claim paying ability and claim settlement rate is also higher with insurance companies that belong to public sector. Out of 4 PSUs operating in India, National Insurance Company and United India Insurance Company are your best bets when it comes to securing your entire family through medical insurance plans. Let’s gain some crucial information about these two PSUs will help you understand why  National Insurance Company and United India Insurance Company are the best providers of health insurance in India.

National Insurance Company

Established in 1906, National Insurance Company is the oldest general insurance Company in India. . After nationalization in 1972, National Insurance Company became one of the four PSUs in India. Presently, National Insurance operates in India and in Nepal through its 1998 offices manned by 14902 skilled professional. According to GDWP,  National Insurance is the 2nd largest general insurer in India.

Let’s take a look at some of the reasons why health insurance plans on offer at National Insurance Company are so highly sought-after.

Advantages of Availing Health Insurance from National Insurance

  • National Insurance doesn’t impose any mandatory co-pay on policyholders. However, you can avail 10% discount on your health insurance policy offered by National Insurance if you opt for 2% co-pay.
  • Health insurance policy offered by National Insurance come with lifelong renewal option
  • Family health insurance plans available with National Insurance cover up to a maximum of 5 people.
  • National Insurance provide 10% discount on total premium if you buy health insurance for your family including yourself
  • National Insurance provides cashless treatment facility in over 6000 hospitals in the network of National Insurance Company
  • National Insurance provides cumulative bonus worth 5% of your chosen Sum Insured for every year without claim
  • If you don’t make any claim on your health insurance for 4 consecutive years, National Insurance provides free health check-up up to 1% of your chosen Sum Insured

Different Health Insurance Plans Available with National Insurance

  • National Insurance Overseas Mediclaim Business and Holiday
  • National Insurance Parivar Mediclaim
  • National Insurance Parivar Mediclaim Plus
  • National Insurance Overseas Mediclaim Employment and Studies
  • National Insurance Mediclaim Plus Policy
  • National Insurance Parivar Mediclaim
  • National Insurance Mediclaim Policy

National Insurance Company has been operating in India;s general insurance market for over a century. According to A.M. Best,  rated  financial strength of National Insurance Company is rated B++ and issuer credit of National Insurance Company is rated bbb+. These ratings confirm the fact that, you can count on stability and claim paying ability of National Insurance Company.

United India Insurance Company

Apart from National Insurance, United India Insurance can also take care of your health insurance requirements. United India Insurance Company Limited came into existence in 1938. United India Insurance got nationalised in 1972.  At present, United India Insurance caters to a staggering over 1 Crore policyholders from 1340 branch offices across India manned by a whopping 18300 employees. United India Insurance has also set up Micro Offices to reach out to over 200 towns and villages. United India Insurance took insurance to the rural sector of India by successfully implementing Universal Health Insurance Programme initiated by Government of India.

Advantages of Availing Health Insurance from United India Insurance

  • United India Insurance provides cashless treatment facility in over 7000 hospitals in the network of United India Insurance Company all over India
  • Health insurance plans available with United India Insurance come with lifetime renewal option so that you can stay protected throughout your life
  • If you don’t make any claim for three consecutive years, United India Insurance provides free health check-up up to 1% of your chosen Sun insured

Different Health Insurance Plans Available with United India Insurance

  • United India Insurance Family Medicare
  • United India Insurance Family Medicare 2014
  • United India Insurance Gold
  • United India Insurance Individual Mediclaim
  • United India Insurance Platinum
  • United India Insurance Senior Citizen
  • United India Insurance Super Top-up
  • United India Insurance Top-up
  • United India Insurance UNI Criticare

United India Insurance won the Best Health Insurance Provider’ award at Outlook Money Awards 2013.

This shows how efficient is United India Insurance as a health insurance provider in India.

While choosing between United India Insurance and National Insurance for your health insurance, you need to understand your requirements properly and finally make an informed decision.

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