Health Insurance in Delhi

• Enjoy options to cover yourself, your spouse, kids and even your parents
• Enjoy access to 10,000+ hospitals for cashless treatment
• Reduce your taxable income by up to Rs. 50,000 deduction under section 80D**

Inflation in the healthcare sector has caused the rates of medical treatments to go through the roof in recent times. Thus, it is necessary for every individual to purchase a health insurance policy to protect themselves against unforeseen medical expenses that they might have to incur. Most comprehensive health insurance policies cover inpatient hospitalisation, day care procedures, ambulance charges, room rent expenses, etc. A health insurance policy is, thus, invaluable in the event of a hospitalisation or a medical treatment.

Healthcare in Delhi

There are a number of private hospitals and government-run hospitals in Delhi. Further, the union territory also has several medical colleges. Some of the popular hospitals and medical colleges in Delhi are the All India Institute of Medical Sciences (AIIMS), Sir Ganga Ram Hospital, Fortis Hospital, Max Super Specialty Hospital, etc.

Need for Health Insurance in Delhi

With a population of over 11 million (as per the 2011 census), Delhi has the second-highest population in the country. Due to the dense population, changing working conditions, harsh weather conditions, and the rising pollution levels in the union territory, residents of Delhi have reported being affected by a number of lifestyle diseases, seasonal illnesses, and respiratory problems.

While there are a number of hospitals and healthcare facilities in Delhi, healthcare costs are comparatively higher in Delhi due to it being a metropolitan region. Thus, in order to manage medical expenses, it is necessary for residents of Delhi to invest in a comprehensive health insurance policy.

Health Insurance Companies in Delhi

Given that Delhi is the capital of the country, many general insurance and standalone health insurance companies have their branch/regional offices in the union territory. Further, most health insurance providers have tied-up with a number of hospitals, called network hospitals, across Delhi for policyholders to avail cashless hospitalisation at these facilities. Listed below are a few insurance companies that are present in Delhi:

• IFFCO-Tokio General Insurance: Established in the year 2000, IFFCO-Tokio is one of the leading general insurance companies in India. The insurer offers 7 health insurance policies as part of its product portfolio, and many of these policies can be purchased or renewed online through the insurer’s official website. The insurance provider has 9 offices located in New Delhi. IFFCO-Tokio has also tied-up with a number of empanelled hospitals across Delhi. A few hospitals that are part of the insurer’s network include Apollo Cradle, Apex Citi Hospital, Delhi Heart & Lung Institute, Fortis Hospitals Ltd., etc.

• Royal Sundaram General Insurance Co. Limited: Royal Sundaram General Insurance was licensed in the year 2000 by the Insurance Regulatory and Development Authority of India. The insurance provider offers two health insurance plans – Lifeline and Family Plus. Further, the insurance company also offers an individual personal accident plan. Royal Sundaram General Insurance has a branch office located in New Delhi. The insurer has also partnered with several leading hospitals in various cities and towns across India, including Delhi.

• Bajaj Allianz General Insurance: Bajaj Allianz General Insurance, a joint venture between Bajaj Finserv Limited and Allianz SE, commenced its operations in India in 2001. The insurer has 8 branches in Delhi and offers cashless hospitalisation facility to policyholders in a number of network hospitals located across the city. A few hospitals that are part of Bajaj Allianz’s network in Delhi include Fortis Healthcare Ltd., MGS Hospital, Ayushman Hospital, etc.

• Bharti AXA General Insurance Company Ltd.: Bharti AXA General Insurance began its operations in the country in the year 2008, after receiving its license from the Insurance Regulatory and Development Authority of India (IRDAI). The insurer offers health insurance plans as part of its product portfolio. A few network hospitals that the insurer has partnered with include Bhagwati Hospital, Phoenix Hospital, Nova Medical Centres, Max Hospital, etc.

• HDFC ERGO General Insurance Company Ltd.: A popular private-sector non-life insurance company, HDFC ERGO is a joint venture between HDFC Ltd. and ERGO International AG. The insurer offers individual health insurance plans, senior citizen health insurance, critical illness insurance, family floater insurance plans, etc. In New Delhi, the insurer has partnered with a number of network hospitals such as Aarogya Hospital, Apollo Spectra Hospitals, Phoenix Hospital, etc. HDFC ERGO has 5 branch offices in Delhi.

• The New India Assurance Co. Ltd. A world-renowned general insurance company, New India Assurance offers a number of health insurance solutions in order to meet the varied needs of their consumers. The insurer has a branch office in Delhi and has also partnered with certain network hospitals across the city. Customers can, thus, avail cashless treatment at any one of these hospitals.

A health insurance policy is a must-have, especially if you live in a metro city with high medical treatment costs. Given that there is no dearth of health insurance providers in Delhi, you will be able to purchase a health insurance policy from any insurer of your choice in a hassle-free manner. Before you select a particular policy, make sure to visit the official websites of various insurance providers and familiarise yourself with the terms and conditions of various policies to make an informed decision.