Kotak Health Premier Health Insurance

This is an additional cover that offers lump sum benefit to the insured individual in the event of death due to an accidental or permanent or total disablement. The coverage is provided over and above the base sum insured by paying a little extra premium.

As per this optional cover, the policyholder by paying a little additional amount of premium can opt for capping on room rent and can become entitled to a discount on the base premium. Claims are meant to be paid at a rateable proportion that is based on the actual cost of the room and the eligible room rent.

Choosing Kotak Health Premier will be a fruitful decision for you as this policy has an abundance to offer. When it comes to expenses covered, the list comprises of in-patient treatment, pre hospitalisation, post hospitalisation, emergency ambulance expenses, organ donor expenses, air ambulance cover, domiciliary hospitalisation, convalescence benefit, home nursing benefit, compassionate visit, and daily cash for accompanying an insured child. The other key elements of coverage include - 

• Specified/listed 405 daycare procedures requiring less than 24 hours of hospitalisation
• 100% restoration of the base sum insured once in a policy year
• Cumulative bonus up to 50%/100% of the sum insured as per plan opted in case of a claim free year at 10% per year
• One free health check-up for each insured person above 18 years of age
• Second E-opinion on medical condition occurring during policy period (multiple times)
• Alternative treatment expenses
• Hospital daily cash (from day one in case the hospitalisation extends for at least 3 consecutive days)
• Maternity benefit, newborn baby cover, and vaccination expenses (all covers need to be taken together) - Available under certain plans only
• Optional cover - Critical illness cover, personal accident cover, cap on room rent

Kotak Health Premier has lots to offer. Rich in benefits and features, which help insured individuals and families handle their finances in emergency situations, Kotak Health Premier also provides- 

• Guaranteed renewal for life
• 30 days grace period for renewal
• Health & Rewards (Basis plan opted)
• Tax benefit up to Rs. 25,000 for people below 60 years & Rs. 30,000 for senior citizens 
• Long term discount - 2.5% on 2 year policy and 5% on 3 year policy
• Family discount - 2.5% for two eligible members and 5% for more than two people

Kotak Health Premier meets the expectations of many. Overall, it can be considered the ultimate savior one can rely on to get their medical requirements fulfilled without having to spend their savings.

If you plan to invest in Kotak Health Premier, doing so on an online platform will be beneficial as you will get the policy issued soon. Additionally, purchasing the policy from InsuranceDekho will help you with policy portability, claim settlement support, policy transparency, and multiple benefits, which may be hard to find elsewhere.

The Kotak Health Premier Plan offers coverage to different relations such as Self, Spouse, Natural or Adopted Dependent Children, Dependent Parents, Parent in Laws, and Siblings.

Yes, the plan offers a discount of 2.5% and 5% on the purchase of 2 and 3-year policy respectively. In addition to this, a family discount of 2.5% is offered on buying the policy with 2 eligible members only, while 5% discount is given if more than 2 members are covered under Kotak Health Premier Plan.

No, the plan has no variants under it.

The insured individuals can request for a claim only after getting hospitalised for at least 24 hours. Only in the case of daycare treatments, the hospitalisation can be less than 24 hours. 

Yes, Kotak Health Premier Plan does have co-payment feature, which is applied and classified as per the zones. Zones are categorised in three types, such as:

Zone I: Mumbai (including Thane and Navi Mumbai) and Delhi (including NCR areas)
Zone II: Kolkata, Hyderabad, Chennai, Pune, Bangalore and Gujarat
Zone III: Rest of India, excluding the locations mentioned under Zone I & Zone II 

The customer might have to undergo some medical screening or tests based on the underwriting guidelines, which are issued by the insurance providing firm from time-to-time. The medical tests are facilitated by the insurance company only and are conducted at its network hospitals or diagnostic centres. The validity of these tests is up to 30 days. The charges of the medical test and the centre, at which such tests are conducted, are conveyed to the policyholders before the medical examination.  

The policy provides one free health check-up in each policy year at its network hospital for each and every insured individual above the age of 18 years. Availing these health check-ups will not impact the base sum insured or the cumulative bonus. This will be offered regardless of any claim under the policy.

Yes, the policy offers the coverage for medical costs incurred during delivery or lawful termination of pregnancy. The cover is available for 2 deliveries across all policy years. However, pre and post-natal costs are also covered under the benefit. Besides, the plan covers medical expenses of newborn baby as well.  

Yes, policyholders are eligible to get a tax exemption on the premium amount as per Section 80D of the Income Tax Act. With this feature, they can avail tax benefit up to Rs. 25,000 for people below 60 years & Rs. 30,000 for senior citizens.