6 min read
Updated on Jul 13, 2022
Kotak Health Insurance is an insurance provider established in 1985 as a subsidiary of Kotak Mahindra Bank Ltd. and is working towards meeting the insurance requirements of a growing number of people in the country. As an insurer, Kotak health insurance company values not just quality but also emphasizes on innovation and customer satisfaction.
Kotak general insurance company caters to a wide range of insurance products including:
In the health insurance sector, the company offers numerous customized plans designed specially to cater to the different needs and health requirements of people at affordable premiums. Due to this Kotak health insurance is regarded as one of the most promising insurers in the country.
Further, with the rising cost of healthcare, financial security in terms of health is a prime requirement for everyone. Without the security of an insurance one is sure to lose all the savings if he/she is hit by a health emergency. In such a situation, Kotak mediclaim comes to the rescue of an insured person.
|Network Hospitals Available||4000+|
|Waiting Period (Pre-existing Ailments)||4 years|
|Claims Settlement Ratio||75.45%|
|Policies Issued||3, 49, 931|
|Free Health Checkup||Available|
* Year Data 2019-20
Kotak health insurance presents numerous benefits and features as mentioned below:
Kotak Health Insurance present a wide-range of health insurance products which secure people against different health needs.
Here are some of the top Kotak Health Insurance Plans:
The Kotak secure shield is a health insurance policy that protects you against lifestyle diseases like diabetes. As such lifestyle related diseases are on the rise and they affect your life adversely along with affecting your savings. So, with a Kotak Secure Shield you can get protection against such critical diseases. Under this plan, the insured gets a lump sum amount at the time when a critical disease is detected, which can be used for treatment of the disease.
This policy assures the insured of not incurring huge medical expenses during an emergency health situation. This is a quality healthcare policy that will ensure the speedy recovery of the insured.
The accident care plan by Kotak health insurance is designed in a way to protect the insured and his/her family against accidents, permanent or temporary disability or in case of death. The insurance policy covers hospitalization costs, along with paying a lump sum amount.
The Kotak Health Super Top Up plan comes with a higher sum insured amount which can be utilized when the basic sum insured is over. This policy is available with a low premium as compared to other plans.
Kotak health premier is an all-inclusive health plan that offers total protection along with numerous benefits to suit your needs.
You can follow the steps below to buy a kotak medical insurance policy online:
Below are the steps that can be followed to renew Kotak medical insurance policy:
The following steps can be taken to ensure a seamless claim settlement with Kotak Mahindra health insurance by making a claim under cashless claims and reimbursement claim settlement process.
The cashless claim can be availed at any of the network hospitals of the insurer without paying any penny. Here are the steps to follow:
This claim process can be availed from any hospital (not under the network of the insurer). The insurer has to pay the hospital costs at the time of discharge and later can claim for the policy. Here are the steps to follow:
Claim Settlement Ratio is the ratio of claims that are settled by an insurer during a policy year as against the complete claims that the insurer receives during the year.
The claim settlement ratio of Kotak Mahindra Health Insurance for the financial year 2018-19 was 76.20%, while it was 75.45% for the financial year 2019-20.
|Financial Year||Claim Settlement Ratio|
Kotak health insurance serves the purpose of people looking for individual or family floater plans at affordable premium prices. Kotak insurance offer customer-focused plans with tailor-made products that can be availed via online processes. They offer comprehensive policies to cover medical treatment against health emergencies at lower premiums.
Below are some benefits of buying kotak health insurance plans:
# Kotak health insurance plans offer all-inclusive coverage.
# These plans offer in-patient protection as well as OPD coverage.
# They come with instant policy renewal facility for online plans.
# Acquiring a Kotak health insurance policy involves less paperwork while making a claim.
# They offer 24x7 insurance assistance.
# They also offer a fast registration process while making a claim.
# The Kotak Insurance plans also offer NCB discounts etc.
# These policies allow portability.
# Cashless hospitalization at network hospitals is also available
# One policy can offer coverage to an entire family under a family floater plan where you just need to pay a single premium.
# Tax benefit on premiums is also available.
Yes, you can port your health insurance policy to Kotak health insurance but for that you have to wait till the policy renewal time. So, when your existing health insurance policy is due for renewal you can inform your current insurer and switch plans to avail Kotak health policies. To make sure the portability is taken care of on time, apply at least 45 days prior to the expiry of your existing policy.
Claims can be made via cashless and reimbursement process.
Cashless Claim Process:
> Fill the pre-authorization form before 48 hours for planned hospitalization and within 24 hours for emergency hospitalization.
> Once the request gets approved, the treatment can be started from a network hospital.
> Finally submit documents via TPA so that hospitalization costs can be paid directly by the insurer.
Reimbursement Claim Process:
> Call and inform the insurer at the toll-free number 1 800 266 4545, immediately after getting hospitalized.
> Pay the hospital bills on your own at the time of getting discharged, while keeping the documents safe.
> Submit a claim within 30 days of getting discharged with relevant documents.
> The claim will be settled by the insurer after verifying details.
Kotak insurance company caters to a wide range of insurance products including:
1. health insurance plans
2. car insurance plans
3. bike insurance plans
4. home insurance plans, and
5. commercial insurance plans
> Go to the official website of Kotak health Insurance.
> Go to the Renewals page by clicking on the renewal tab.
> Enter your registered mobile number and ‘Login’.
> Select the renewal quote of your choice and make the payment online via a secured payment gateway.
Claim settlement processes allowed by Kotak Mahindra health insurance include cashless claim settlement and reimbursement claim settlement.
Health card issued by Kotak Mahindra General Insurance
Reports/prescriptions related to the ailment
Photo Id of the insured such as PAN card, Driving License, Passport, Employer ID, Voter ID etc.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
About National Insurance Company This year, National Insurance Company is celebrating its 116th year in the country. National Insurance Company Limited is the oldest general.
About HDFC ERGO General Insurance Company: A joint venture between HDFC Limited and ERGO International AG, HDFC ERGO is a reputed general insurance company in.
Speak to our advisor
Corporate Office : Mahindra Insurance Brokers Ltd ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, Behind Mahindra Towers, Worli, Mumbai 400018.
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2022 Mahindra Insurance Brokers. All Right Reserved.