All You Need To Know About Kotak Health Care Plan
Updated On Jul 02, 2021
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Kotak Mahindra General Insurance is a completely owned subsidiary of Kotak Mahindra Bank. It aims to excel in customer service, quality, and innovation by designing and delivering customized insurance products to its policyholders. Kotak Health Insurance provides an all-rounder coverage plan for the customers and ensures their financial stability while providing them with all the necessary benefits. The company does not fail to impress its customers with the wide range of products that it has to offer to individuals, their families, children, and dependent parents.
You can add up to 8 members to the family floater plans of Kotak Health Insurance and also save money on taxes as per section 80D of the Income Tax Act. the Kotak Health Insurance company started operating in 2015, and since then it has been growing rapidly and satisfying its customers by ensuring their safety and quality of life.
About Kotak Health Insurance
Kotak Health Insurance company provides various plans like the Kotak Health Care Plan for the customers to cover the policyholder as well as their family. Let us look at some of the features of Kotak Health Insurance:
- The company has a network of 4000+ hospitals to provide cashless treatment to its policyholders.
- The claim settlement ratio of the firm was 75.45% in FY 2019-20.
- It provides a lifetime renewability option to its policyholders.
All You Need To Know About Kotak Health Care Plan
Kotak Health Care Plan is a comprehensive health insurance plan by Kotak General Insurance. This plan is primarily meant to support the financial needs of the policyholders so that the patients recover peacefully without worrying much about the cash arrangements. This plan can cover both the individual and the family. It is available in three different variants which are Excel, Premium, and Prime.
You may also like to read:- 4 Popular Health Insurance Plans by Kotak General Insurance
Under this plan, all the basic facilities and requirements are covered like pre and post-hospitalization charges, health check-up expenses, and medical bills. Let us look at the inclusions and exclusion in this plan:
Inclusions
- Medical expenses incurred in 150-day care procedures are covered.
- 30 days of pre-hospitalization and 60 days of post-hospitalization expenses are incurred by the insurer in case of a mishap.
- Medical charges for individuals minimum and continuous 24 hours of hospitalization.
- On-road ambulance cost of Rs. 1,500
- 10% cumulative bonus on annual policy renewal
Exclusions
- Sterility or sexually transmitted diseases not covered.
- Routine eye or ear medical examination not included.
- Intentional self-injury or disorder due to alcohol intake will not be covered
- Vaccination, accept post animal bite, will not be included
Benefits of Kotak Health Insurance
Before purchasing a health insurance policy, you must compare the plans of different companies and choose the most appropriate one. Kotak Mahindra General Insurance can be a worthy choice to go for. Let us look at some of its benefits and features:
- It includes in-patient and OPD covers for its patients.
- Little to no paperwork during the claim settlement process at one of its network hospitals.
- 24X7 call assistance and claim settlement.
- You can avail standard discounts like NCB, Voluntary/ Compulsory deductible, etc.
- Within a single premium amount, the policy can be extended to multiple members of a family.
- Tax saving benefits can be availed under section 80D.
- Comprehensive plans and exclusive add-ons available for the policyholders.
Add-On Covers Under Kotak Health Insurance
Add-ons are covers that add extra benefits to your existing policies without much increase in price. Some of the widely known add-ons provided by Kotak Health Insurance are:
- Donor expenses
- Double sum insured
- Critical illness covers
- Hospital daily cash
- Covers for room rents
- Convalescence benefits
These top-up benefits are completely optional and depend on the policyholder’s will or requirement. Suppose an individual has a pre-existing critical illness then, apart from the regular health insurance plans, he/she can also take a critical illness cover which will be pocket-friendly and will be of immense help during an emergency.
Also Read:- How To Make A Claim For Bajaj Allianz Health Insurance Plans?
Conclusion
Kotak Health Insurance is a famous and trustworthy company to purchase your health insurance plans from. You must go through the details of the policy purchased carefully and also, should be thorough about the claim settlement process, as it a crucial stage during emergency treatment.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
