Aditya Birla Health Insurance Company Limited (ABHICL) is one of India's newer standalone health insurers, having started operations in October 2016. It is a joint venture between Aditya Birla Capital Limited, which holds 45.89%, and the Momentum Group of South Africa, which holds 44.08%. The company is headquartered at One World Centre in Mumbai and operates under IRDAI registration number 153.
Aditya Birla Health Insurance has a wellness-first product design that is genuinely different from most peers. The Activ Health and Activ One MAX plans run on a HealthReturns programme — customers can earn back up to 100% of their premium by staying active and engaged with the wellness ecosystem. The mechanism uses tracked physical activity, preventive health check-ups and screening to compute rewards. For families that want to combine cover with a wellness habit, this is one of the most innovative product designs in Indian health insurance.
The product portfolio covers individual and family floater health plans (Activ Assure Diamond, Activ Health Platinum, Activ Assure, Activ Care and Activ Secure), critical illness cover (Cancer Secure and Activ Secure), Personal Accident plans, worldwide travel insurance, dedicated senior citizen products, and group health covers for employers. The company has crossed 24 million lives covered and distributes across 5,000+ cities in India.
Latest published Claim Settlement Ratio is 72.80% for FY 2018-19. The cashless network includes 7,000+ network hospitals. Through Policywings, you can compare Aditya Birla Health against other standalone insurers like Star Health, Niva Bupa, Care Health and ManipalCigna, and pick the right fit for your family and budget.