Top health insurance companies : How to identify them

Health care and health insurance have become a very costly necessity in every day life and these necessities are addressed by top health insurance companies who have increased their presence and profits exponentially. Amongst the many companies, there are a few who stand apart and are generally regarded as successful. Any other upcoming company will do well to emulate these top guns but for that we need to understand the reasons or the parameters that define the success of the company. The factors determining their success is fairly common across all companies and we now will have a look at the most important amongst those:

Credit rating and financial strength: Just like an individual’s financial strength, all organizations’ financial strength is graded and ratings are given. There are a few credit rating companies and the most prominent and reliable amongst them is Standard and Poor. The S & P ratings are calculated based on the companies performance in terms of profits, its assets, sales, investment performance, credibility in the market, stock market worth, etc., (amongst many other parameters). The rating gives an overall picture of the robustness of the company and also it’s standing in the people’s purview. The top health insurance companies according to S & P. are most probably the best companies for you to take your health insurance from.


Policies issued: While the S & P scores give us an overall picture, it also must be noted that long standing and well established companies tend to score more. The relatively newer companies cannot hope to match the well entrenched ones. But for us to identify a good and creditable health insurance company is by checking the number of new policies issued in the latest financial year. This number is a fair indication of the performance of the companies’ products. After all if there are a high number of new policies issued, that company is doing some thing good and the people are liking their products. It would also do well to have a look at companies who have lesser S & P scores but who have scored high in the number of policies issued.

Revenue earned: All top health insurance companies have a strong investment strategy and healthy asset base. These components invariably form a major part of any company’s financial strength. The information about the top health insurance companies’ investment and asset building strategies is easily available on the internet. If a good spread across high, medium and low risk/yield investments is found, the chances of increased profits for the company are good. Careful scrutiny of year end statements (available on the company websites) will reveal the success or failure of the health insurance companies. We might not ba able to completely comprehend the strategies and investment patterns but we can surely understand numbers! Higher the earning, better the company.

These pointers are just indicative and do not necessarily mean that you can obtain the top health insurance covers by checking on these parameters. There are several options out there and you can choose a health policy based on your needs, but, before you do that, checking on the above pointers will give you a better understanding of the company.

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