Kotak Life Insurance Claim Settlement
Claim Settlement of Kotak Life Insurance
Kotak Mahindra Life Insurance offers a smooth and quick claim registration and claims settlement process. For the financial year 2020-21, the insurer featured an impressive claim settlement ratio of 98.50% which shows that the insurer is trustworthy when it comes to settling claims. Apart from this, Kotak Life Insurance offers a 24x7 digital service option to provide its customers with all the information about the claim settlement process.
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Claim Process at Kotak Life Insurance
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FAQs
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What is the claim settlement ratio of Kotak Life Insurance?
Kotak Life Insurance featured a high claim settlement ratio of 96.38% in the FY 2019-20.
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What is the helpline number of Kotak Life?
The toll-free helpline number of Kotak Life is 1800 209 8800.
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What is the average time period of the claim settlement process?
Kotak Life strives to provide a claim amount in 7-15 days but in certain cases, it takes 120 days from the date of claim intimation for the claims department to fully assess and settle a claim.
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Who will receive the claim benefit in the absence of the nominee/demise of the policyholder?
If in any case the policyholder dies and there is no nominee mentioned in the policy or in case of unfortunate demise of the nominee/policyholder the claim benefit will be provided to the legal heir after the submission of legal title proof.
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How can I track my Kotak Life Insurance claim?
You can track your claim online at the website of Kotak Life Insurance by entering the policy holder’s details like claim type, policy number and date of birth.