History of insurance in India goes back to 1818 when the Britishers started Oriental Life Insurance Company at Calcutta. Insurance in India is included in the federal list. Life insurance premiums constitute around 2.5% of the GDP, while the general insurance premiums contribute around 0.65% to India's GDP. This sector has gone a major change in India after 1999, when the government permitted the entry of private players. Now 26% FDI is permitted in the sector. However the Life Insurance of India is the mammoth entity which still enjoys the numero-uno status in the field. In India spending on health and related things is on the upswing of late. So it is just logical to go for health insurance when one is still young. Different players in the health insurance sector have different criteria regarding the issuance of health cover plans. As per the market analysts, if one is below the age of 45 and enjoys good health condition, then it is better to opt for the Reliance. For those between the age group of 45 to 60 Appolo DKV is the relatively suitable plan, while Bajaj Allianz can be the most favored policy for those above 60.