*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Kotak Mahindra Health Insurance provides several health insurance plans to the Indian customer with an eclectic choice. Family Floater cover, in addition to Top-up options, Kotak Mahindra Health Insurance has all in its portfolio to be a one-stop called Kotak Medical Insurance.
It is a bouquet of health insurance plans, designed by Kotak Mahindra General Insurance, a wholly-owned subsidiary of Kotak Mahindra Bank, a leading private sector bank in the country. When it comes to purchasing of Health Insurance Policy, credential of the insurer is an important factor for the choice. With Kotak Health Insurance, there is no such worry, due to the sound ethos of the sponsor driving its operations. Kotak Health Insurance has its headquarters in Mumbai and has so far established 13 branch offices pan India, apart from the wide presence of its Principal. The insurer also boasts of a partner network of 4000+ Network Hospitals, ever ready to provide a seamless experience to the insured through cashless hospitalization, both in case of planned and emergency medical contingencies.
Kotak Mahindra Health Insurance aims to provide solutions to a wide cross-section of society with a customer-centric business model with the support of the state of the art technology and digital infrastructure. The wide array of health insurance plans in their portfolio is testimony to their commitment to quality and innovation to satisfy the preferences of a wide segment of customers not bound by geographical boundaries within the country.
Very similar to the adage, the proof of the pudding is in the eating, so is the case with Kotak Health Insurance when it comes to features of coverage, claim settlement and overall customer experience, they are second to none. Thus, they have health insurance plans to meet every demand of Indian citizens be it Individual, Family Floater and Individual with family members included in the single policy. To top it, there are Kotak Health Insurance Plans for the discerning, dedicated for a specific illness, top-up and the standard as defined by IRDAI. All these, coupled with a robust Customer Care mechanism, make Kotak Health Insurance a worthy protection tool for self and family alike.
Kotak Mahindra Health Insurance has several plans in different flavours to suit individual preferences. Some of the innovative features that make it extremely attractive for purchase are:
With Kotak Health Insurance, one is not only assured plans with varied coverage features but also round the clock support for availing hassle-free services. All these and much more are availed hagainst affordable premiums and benefits that allow savings both in the premium, and tax liabilities.
**Tax benefit is subject to changes in tax laws.
**All savings offered by the insurer are as per the IRDAI approval. Standard T&C apply.
Having learnt about the classification of health insurance plans, Kotak Mahindra dishes out the following in both the classes.
On learning the different types of Kotak Health Insurance Plans on offer, it is not out of place to compare plans in different genres to help the customer have a picture of the features at a glance. It not only will help in shortlisting the desired health insurance plan of choice, but also match with an individual health profile.
The purpose of the below grid is to display the salient features and covers available in each of the listed Kotak Health Insurance Plans at a glance comprehension. The customer will have to compulsorily build up on it by going through the detailed description to follow in due course.
Comparison of Kotak Health Insurance Policies |
||||||
Parameters |
Health Care |
Health Premier |
Arogya Sanjeevani |
Accident Care |
Super Top Up |
Secure Shield |
Sum Insured |
Rs 2 L to Rs 1 cr |
NA |
Rs/1 L to Rs 5 L |
|
|
Rs 5 L to Rs 10 L |
Policy Term |
1, 2 and 3 years |
1, 2 and 3 years |
1 year |
1, 2 and 3 years |
1, 2 and 3 years |
1, 2 and 3 years |
Critical Illness |
Y |
Y |
- |
- |
- |
Y |
Accident |
Y |
Y |
- |
Y |
- |
Y |
Child Edn |
- |
- |
- |
Y |
- |
Y |
Loss of Job |
- |
- |
- |
- |
- |
Y |
Plan Variants |
Y |
- |
- |
- |
- |
- |
Hospital |
Y |
Y |
Y |
Y |
Y |
- |
Day Care |
Y |
Y |
Y |
- |
Y |
- |
Pre Hosp |
Y |
Y |
Y |
- |
Y |
- |
Post Hosp |
Y |
Y |
Y |
- |
Y |
- |
Domiciliary |
|
Y |
|
- |
|
- |
Ambulance |
Y |
Y |
Y |
Y |
Y |
- |
Check up |
Y |
Y |
|
|
|
- |
Bonus |
Y |
Y |
Y |
- |
Y |
- |
Maternity |
|
Y |
- |
- |
|
- |
Convalescence |
Y |
Y |
- |
Y |
|
- |
Donor Expenses |
Y |
|
|
|
Y |
- |
Ayush |
- |
- |
Y |
|
Y |
- |
Daily Cash |
- |
Y |
- |
Y |
|
- |
Restoration |
- |
Y |
- |
|
Y |
- |
Permanent Exclusions: There are a host of conditions that are permanently excluded from cover either in the base policy or the add-on options. They are:
*The list is not exhaustive and is recommended that the customer consult the prospectus or the policy document for further information
This plan caters to a wide range of customers who are keen to protect themselves with financial cover without compromising on the quality of treatment. Keeping in view the broad spectrum of targeted customers, the plan offers two variants to choose from.
Optional Covers:
Policy Option: Individual and Family Floater
Optional Covers:
Policy Option: Individual and Family Floater
Optional Covers:
Policy Option: Individual and Family Floater
Features:
As the name suggests, it is a comprehensive health insurance plan that provides reward and value-added benefits for staying fit along with the customary protection to counter medical contingencies.
Features
It is a standard health insurance template introduced by IRDAI for rolling out by all the insurers operating in India with effect from April 1, 2020.
Features:
The policy is designed to cushion the outcome of accidents leading to permanent disability, thus robbing the insured of gainful income jeopardizing the life of the family.
Features:
It is designed to substantially augment the sum insured cover of the base health insurance policy at a fraction of the original cost. With the provision of deductible, the plan can be taken even without a base policy. In other words, the sum insured in the Super Top-up comes into play only when the sum insured in the base plan is exhausted, or the deductible amount has been expended by the insured .
Features:
The plan covers expenses related to Critical Illness, which practically needs both short term as well as long term health management, resulting in a perpetual financial drain on the suffering patient. In the event of the first diagnosis of any of the listed critical illnesses, the sum insured is paid in a lump sum to enable meeting medical expenses and other liabilities in tune with emergent requirements.
Features:
Corona Kavash is an indemnity based standard health insurance policy introduced by IRDAI to cover the treatment expenses related to coronavirus. The policy features are unique and specially designed to cover coronavirus.
Features:
Corona Rakshak is defined-benefit based policy that covers corona test-related expenses. The policy comes in handy in covering the expenses while someone is corona positive and requires to be hospitalized.
Features:
As the first step towards an informed decision, it is worthwhile to check for eligibility norms. The below grid defines the minimum and maximum entry ages in the different listed pans. The exit age is important, and it signifies how long the insured will remain covered. It is heartening to note that Kotak Health Insurance offers Lifelong renewability in all its plans.
Comparison of Kotak Health Insurance Plans with Age for Eligibility Factor |
|||
Health Policy |
Min Entry Age |
Max Entry Age |
Renewal |
Kotak Health Care |
5 years Individual 91 days Floater |
65 years |
Lifelong |
Kotak Health Premier |
91 days for a child 18 years for adult |
65 years |
Lifelong |
Kotak Arogya Sanjeevani |
18 years |
65 years |
NA |
Kotak Accident Care |
5 years |
65 years |
Lifelong |
Kotak Super Top-up |
NA |
NA |
NA |
Kotak Secure Shield |
18 years |
65 years |
Lifelong |
Child above 25 years is considered as an adult |
Being a fully owned subsidiary of Kotak Mahindra Bank, the entire network of the bank, as well as the branch offices of the insurer, are geared for the purchase of suitable Kotak Mahindra Health Insurance Plan. There are primarily three options for the purchase of the policy- through Agent, visiting the insurer or Bank Office and by far the most popular, online at the official portal of Paisawiki.com. Thus, the purchase mechanism can be broadly classified as offline and online.
Offline: The Agent or an authorised expert from the insurance company will explain the features and benefits of the plan for the customer to select. The premium can be paid through cheque or other means after comapleting all other formalities like completion of the proposal form and pre-policy health check-up if any. Once the proposal is accepted, the policy document is released.
Online: It needs meticulous analysis to compare plans and arrive at an informed choice. Having done so, the next steps are simple in the following sequence.
The emphasis on digital infrastructure and paperless environment helps Kotak Mahindra Health Insurance to deliver quick and accurate services aimed at customer comfort. Thus, whether it is for purchase or claim, documentation is sparse.
Additional Documents, if required
Payment of renewal premium in due time keeps the policy live so that the insured can avail of Kotak Health Insurance assistance in medical emergencies. The most popular mode of the renewal process is online at Paisawiki.com in a few simple steps.
A: Yes, every plan carries a 15 days free-look period for cancellation and refund of the policy, if not satisfied.
A: Normally the policy should be renewed on or before the due date to obviate avoidable hassles. Failing which, there is a Grace Period of 30 days to pay renewal premium to keep it in force.
A: The two primary claims types in indemnity plans are Cashless and Reimbursement.
A: The following documents are compulsorily needed.
A: It should be submitted to the TPA for processing.
A: As per IRDAI guidelines, any health insurance policy can be ported at the time of renewal with continued benefit of a waiting period, if not satisfied with the existing insurer.
A: For planned hospitalization, it is 48 hours whereas it is 24 hours in the case of emergency hospitalization.
A: Insured can cover Self, Spouse and dependent Son, Daughter, Mother and Father.
A: The medical screening is done at the network diagnostic centres, and if the proposal is accepted, 50% of the cost is borne by Kotak Health Insurance.
A: When the child attains 25 years of age, he or she is considered an adult and rendered as ineligible.