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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.
Key Features | Specifications |
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 |
Renewability | Lifelong |
* 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.
Features:
Benefits:
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.
Features:
Benefits:
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.
Benefits:
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.
Features:
Benefits:
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 |
2018-2019 | 76.20% |
2019-2020 | 75.45% |
Also Read: Benefits of Opting For Global Coverage in Health Insurance Policy? | Importance of Health Insurance Plan for People Nearing Retirement | 5 Things You Might Not Know About Health Insurance Policy
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