BANGALORE: There has been a considerable rise in health insurance companies in the world. In the general sense, health insurance refers to insurance against loss occurring due to ill health. Health insurance benefits are administered by agencies like government, private business or not-for-profit organizations.

Health insurance, like any other form of insurance, is a written agreement between two parties, the insurer and the insured. The insurer is a company which is approved by an appropriate authority and the insured is the person who seeks the insurance. Health insurance covers medical expenses if there is a case of hospitalization over 24 hours inclusive of surgery, nursing care and diagnostic tests.

Here are the world’s best health insurance companies as compiled by Investopedia.

1. AXA

AXA is a French global retirement, investment and insurance group company whose headquarter is located in Paris. This group works mainly in North America, Western Europe, the Middle East and the Asia Pacific region. It runs its businesses according to the rules and regulations of various countries. This company offers health, life and numerous other forms of insurance and also investment management.

Its five operating business segments include: International Insurance with reinsurance, asset management, property and casualty, life and savings and other financial services. They claim that they have innovative methods that will definitely answer your risk management needs.