Health Insurance in Mumbai

• Premiums as low as Rs12/day for coverage of Rs.4 Lakhs*
• 10,000+ hospitals for cashless treatment
• Claim up to Rs. 55,000 deduction under section 80D**

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Healthcare costs in India have been steadily increasing on a yearly basis. If you wish to protect yourself from having to incur unplanned expenses due to a medical emergency, it is necessary to purchase a comprehensive health insurance policy at the earliest. A health insurance policy covers the costs of a policyholder’s medical expenses in the event of planned or unplanned hospitalisation/medical treatment.

Healthcare in Mumbai

Mumbai has a number of public and private hospitals and healthcare facilities across the city. In Mumbai, the Municipal Corporation of Greater Mumbai (MCGM) along with the state government offer healthcare facilities to the residents of the city. Given the number of multi-speciality hospitals and state-run government facilities in the city, residents can avail treatment at any hospital/healthcare facility of their choice without too much trouble.

Need for Health Insurance in Mumbai

Mumbai, which is also known as the financial, entertainment, and commercial capital of India, is the most populated metro city in India. Thus, it is not uncommon to hear of residents having demanding work schedules and unhealthy lifestyle habits, which may, in turn, lead to a number of lifestyle diseases. The level of pollution and environmental stress in the rapidly growing city can also lead to the residents contracting a number of ailments.

While hospitalisation and treatment costs have increased throughout the country, this increase is especially apparent in metro cities like Mumbai. This makes it all the more important for individuals living in Mumbai to purchase health insurance plans to cover their medical expenses in the event of an unplanned medical emergency.

Health Insurance Companies in Mumbai

Several leading general insurance and standalone health insurance companies have offices in Mumbai such as:

• ICICI Lombard GIC Ltd.: Established in the year 2006, ICICI Lombard is one of the most preferred general insurance firms in the country. The insurer offers comprehensive health insurance solutions such as the ICICI Lombard Complete Health Insurance Plan, ICICI Lombard Health Booster, and the ICICI Lombard Personal Protect Policy. The insurer has a number of network hospitals across the city including Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute, Axis Multispecialty Hospital, Lilavati Hospital & Research Centre, etc.

• Reliance General Insurance: Reliance General Insurance, a private-sector insurance firm, offers a number of health insurance policies with attractive benefits and features for the benefit of its customers. Across the city, the insurer has around 6 branches. Reliance General Insurance has over 4,000 network hospitals across the country. In Mumbai, the insurer has partnered with several healthcare providers including Pulse Hospital, Sanjeevani Criticare Hospital, Vasan Eye Care Hospital, Pulse Dental Clinic, etc.

• Magma HDI General Insurance Company Ltd.: Magma HDI is a popular general insurance company in India that offers health insurance policies such as One Health, Loan Guard, and the Individual Personal Accident Policy. The insurer has four branches in the city and a large number of empanelled hospitals. A few hospitals that have tied up with Magma HDI include Fortis Hospitals Limited, Kokilaben Dhirubhai Ambani Hospital, Dr. L.H. Hiranandani Hospital, etc.

• Apollo Munich Health Insurance: Apollo Munich Health Insurance commenced its operations in India in the year 2007. Apollo Munich offers individual, family floater, and senior citizen health insurance plans as part of its product mix. The insurer has tied up with various network hospitals in Mumbai such as Apex Hospital, Agarwal Eye Hospital, Apollo Spectra Hospitals, Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute, etc. Apollo Munich also has 15 branch offices located in Mumbai.

• National Insurance Company Limited: One of the leading public-sector non-life insurance companies in India, National Insurance offers a number of health insurance and personal accident insurance policies, along with other general insurance products. The insurer has three regional offices located in Mumbai. For the benefit of its customers, National Insurance has tied-up with network hospital, such as Apex Hospital, Fortis Hiranandani Hospital, Aggarwal Eye Hospital, Kokilaben Dhirubhai Ambani Hospital, etc.

• United India Insurance Company Ltd.: United India Insurance Company, a popular public-sector non-life insurance company, offers both health insurance and personal accident insurance policies as part of its product portfolio. The insurer has 10 branch offices located across Mumbai. Further, United India Insurance has also partnered with hospitals such as Bethany Hospital, Dandekar Hospital, Godrej Memorial Hospital, etc., where its customers can avail cashless hospitalisation facility.

In addition to the above-mentioned health/general insurance firms, there are several other insurance providers that offer its insurance solutions to the residents of Mumbai. Thus, as a prospective policy buyer, make sure to visit the insurer’s website, familiarise yourself with the features of various policies, check the network hospital list, and pick a policy that meets your coverage needs and premium payment ability.