Health insurance is an insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons. By estimating the overall risk of health care and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the healthcare benefits specified in the insurance agreement. Here is a list of some top medical insurance companies in the world right now.
United Health Group:
United Health Group was founded in 1977 in Minnesota, USA. It is the sixth in the list of Fortune 500 companies in America. Diversity creates a healthier atmosphere: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law. Providing you a drugs free workplace. All candidates are required to pass a drug test before beginning employment. Its whole revenue is $10+ billion (USD) per year. Giant insurance companies such as Aetna, Humana, WellPoint are their competitors. Their only mission is to help people live healthier lives and to help the health care system work better for everyone.
Then we came to know about Allianz SE, which is in the second position in the best insurance companies’ list. It was founded in1890. It is a European financial service company staying in Munich, Germany. It deals with insurance and asset management. Carl Von Thieme is the founder of this company. It is the second best company for providing international health insurance. Allianz has operations around 70 countries all over the world. Australia, Belgium, Bulgaria, Canada, Colombia, Germany, India, Indonesia have included countries in their projects. In 1905, they started fire insurance. Allianz provides international health, life and disability cover, plus a range of health and protection services, 24/7 multilingual helpline, and emergency assistance.
BUPA stands for British United Provident Association. It is a private healthcare, not a for-profit company limited by guarantee, as opposed to the UK’s National Health Service (NHS), which is a tax-funded healthcare system. Founded in 1947it’s headquarter is located in London, United Kingdom. It provides health
insurance, care homes, health at work services, hospitals, dental clinics, health assessments. The company is serving 32 million customers in 190 countries. Its revenue is £9.8 billion GBP (2014). It has conducted many projects in different countries. The firm has entered in Indian health insurance market through a joint venture with the local conglomerate, called Max BUPA health insurance Limited. BUPA Global is the largest health insurance company in Saudi Arabia when health insurance regulation issues arose in Saudi Arabia. Whether someone wants to see a preferred doctor close to home or a specialist in another country, they remain always ready to aim to deliver an exceptional worldwide network of choice.
AIA is the largest independent public listed pan-Asian life insurance group. The company is running over 18 countries in Asia like Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, a 97% subsidiary in Sri Lanka, a 49% joint venture in India and a representative office in Myanmar.It was founded in 1919 and staying in Hong Kong, China. It provides Life insurance, accident and health insurance, savings plans, employee benefits, credit life and pension service. Total asset is US$172 billion. AIA recognizes everyone has different needs at different stages of life. AIA is committed to helping you meet your financial needs and goals with a wide range of life and health protection and long-term saving. They have a project, named Critical Illness Protection. Significant events such as heart attack, stroke or cancer can happen to anyone. It’s an emotional time and can often be a financial struggle when a family member is diagnosed with a life-threatening or debilitating health condition – the last thing you want to worry about is paying the bills. This product helps ease the financial burden. Should you be unfortunate enough to suffer a critical illness?
Humana Health Insurance
Humana Medicare Supplements provides you every medical term that you often need. Taken into consideration as one of the largest health insurance company in the United States, located in Kentucky, United States. It was founded on August 18, 1961.Its total revenue is US$ 54.379 billion (2016) and the total asset is US$ 25,396 billion (2016). It is dealing with 13 million individual customers. It is ranked 73 in Fortune 500 companies. Humana offers 8 health insurance plans. Plan A, B, C, F, G, K, L and N. Your plan availability will vary from your state.
Life is full of risks but your healthcare shouldn’t be one of them. Unexpected medical expenses could lead to a lot of anxiety and represent a significant threat to your finances. Protect yourself against unexpected medical expenses with our medical protection plans.
Health insurance can ease your urgent medical care and needs. But to get the best insurance policy you need to find the best company. We have discussed with some best insurance companies. Get a health insurance if you don’t have one. Without one, you will face the serious problem in getting proper treatment.