Manipal Cigna Health Insurance vs Kotak General Health Insurance

Are you going company to company looking for a health insurance policy? Or dabbling between agents to find an affordable plan? Or simply relying on word of mouth to buy one? Well, now you don’t have to do any of those! You can choose to go paperless and save time and money, both, by referring to this comparison guide of trusted insurers Manipal Cigna Health Insurance and Kotak General Health Insurance. It is concise, informative and more importantly will not take more than five minutes of your time.

Manipal Cigna Health Insurance vs Kotak General Health Insurance – Overview 

ParameterManipal Cigna Health InsuranceKotak General Health Insurance
No. of health insurance policies119
E-servicesPolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer support Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support 
Branches471600
Claim settlement ratio (CSR)89.50%97.40%
Claim settlement time2 hours for cashless claim settlement15 days for reimbursement
Hospital network6,500+4000+ 

*Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) –years 2019-2020.

Health Insurance Policies: Manipal Cigna Health Insurance vs Kotak General Health Insurance

Manipal Cigna Health Insurance offers 11 health insurance policies. They take care of individual, family, parental, maternity, and corporate group needs, among other health requirements. 

Kotak General Health Insurance offers 9 health insurance policies. They cover the needs of individuals, families, and corporate groups, among others. 

Critical Illness Policy: 

Manipal Cigna’s Critical Illness Policy offers: 

  • Sums insured (SI) up to Rs. 25,00,00,000
  • Lump-sum or staggered payout of the SI on the diagnosis of a critical disease 
  • Coverage for up to 30 life-threatening diseases such as: 
  • Cancer
  • Deafness
  • Multiple sclerosis 
  • Permanent paralysis 
  • Loss of sight
  • Family floater discount of 10% in premiums 

Kotak General Health has a Critical Illness Policy called ‘Kotak Secure Shield’. It offers: 

  • SI amounts up to Rs. 10,00,000
  • Full payment of the SI on the diagnosis of a critical disease 
  • Coverage for 18 critical illnesses including: 
  • Kidney failure 
  • Motor neuron disease 
  • Cancer 
  • Hypertension

Group Accident Policy: 

This policy is available for corporations or organizations wanting to cover their employees and their dependents/ family members. 

Manipal Cigna offers the Lifestyle Protection Group Policy. It provides: 

  • SI amounts up to Rs. 50,00,00,000
  • 100% of the SI for accidental death and permanent total disability 
  • Up to 50% of the SI for permanent partial disability 
  • Up to 100% of the SI for burns and broken bones 
  • 100% of the SI for coma caused by an injury 
  • Weekly cash benefits for temporary total disability 
  • Benefits such as: 
  • Animal attack benefit 
  • Rehabilitation benefit 
  • Funeral expenses benefit 
  • Loss of income benefit 
  • Dependent child/spouse/parent benefit 
  • Family counseling benefit, etc. 

Kotak General Health’s Group Accident Policy provides: 

  • 100% of the SI for accidental death and permanent total disability 
  • Up to 50% of the SI for permanent partial disability 
  • Up to 100% of the SI for burns and broken bones 
  • Weekly cash benefits for temporary total disability 
  • Weekly cash benefits if the insured falls under a coma 
  • Benefits for: 
  • Child education 
  • Accidental hospitalization 
  • Ambulance charges 
  • Daily hospital cash allowances 
  • OPD treatment
  • Loss of job, etc. 

COVID-19 Policy: 

As per the IRDAIs mandate to provide COVID-19 coverage, insurers now offer two standard insurance policies:

  • Corona Kavach 
  • Corona Rakshak

These policies share standard features. Manipal Health Insurance and Kotak General Health Insurance Companies’ Corona Kavach Policies offer: 

  • SI amounts up to Rs. 5,00,000
  • Coverage for: 
  • Pre, post and in-patient hospitalization 
  • Domiciliary hospitalization
  • AYUSH treatments
  • Road ambulance costs up to Rs. 2,000

Their Corona Rakshak policy offers: 

  • SI amounts up to Rs. 2,50,000
  • 100% of the SI on the positive diagnosis of COVID-19 and a minimum of 72 hours of hospitalization. 
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