Royal Sundaram Health Insurance vs Kotak Mahindra Health Insurance

A health crisis comes unannounced. That’s why preparation against a health crisis is critical. The best way to do so is to get a health insurance plan. It reduces the financial woes of treatments and lets you focus stress-free on regaining your health. Here’s a Royal Sundaram Health Insurance versus Kotak Mahindra Health Insurance comparison guide to give you an idea of what to look for in a health insurance plan. 

Royal Sundaram Health Insurance and Kotak Mahindra Health Insurance – Overview 

ParameterRoyal Sundaram Health InsuranceKotak Mahindra Health Insurance
Number of health insurance plans78
E-servicesPolicy sale
Policy renewal
Claim settlement
Online consultation
Branch locator
24×7 customer care.
Policy sale
Policy renewal
Claim settlement
Online consultation
Branch locator
24×7 customer support
Branches15013+
Claim settlement ratio85%97.40%
Claim settlement timeClaim settlement within 3 hours Claim settlement at the time of discharge
Hospital network5,000+4,000+

*Source: IRDAI Annual Report 2018-19

Health Insurance Policies: Royal Sundaram Health Insurance versus Kotak Mahindra Health Insurance

Royal Sundaram has 7 health insurance policies. All their policies are available on an individual and family-floater basis. They also provide coverage against accidents, critical illnesses, COVID-19, and other eventualities. 

Kotak Mahindra has 8 health insurance policies. All their policies are available on an individual or family floater basis. Their policies secure you against accidents, critical ailments, COVID-19 and other eventualities. 

This comparison of Royal Sundaram Health Insurance and Kotak Mahindra Health Insurance will help you choose a health plan best suited to your needs.

Family Health Insurance Policy: 

Royal Sundaram offers two family-centric plans. The ‘Lifeline’ and ‘Family Plus’ Health Insurance Plans provide extensive coverage. 

Lifeline comes in 3 sub-types – Elite, Supreme and Classic. It offers: 

  • A Sum insured (SI) amount up to Rs.1.50 crore
  • Coverage for pre, post and in-hospitalization expenses 
  • Cover for 200 daycare procedures and OPD treatment 
  • Coverage for AYUSH treatment and domiciliary hospitalization 
  • Coverage for maternity expenses (only offered by Elite Plan)

Family Plus is an affordable health plan that provides coverage for up to 19 familial relations. It offers:

  • A SI amount between Rs.15 lakhs and Rs.50 lakhs 
  • Coverage for pre, post and in-hospitalization charges
  • Coverage for AYUSH treatment and domiciliary hospitalization 
  • Cover for over 200 daycare procedures 
  • Coverage for maternity and newborn expenses 

Kotak Mahindra offers Kotak Health Care to secure families. It offers 3 sub plans – Excel, Premium, and Prime, that provide:

  • Coverage for pre, post and in-patient hospitalization expenses
  • Coverage for up to 150 daycare procedures
  • SI options between Rs.2 lakhs and Rs.1 crore
  • Emergency ambulance services and a free health check-up every year 
  • Optional add-on of critical illness cover, alternative treatment, and maternity and newborn cover

Arogya Sanjeevani Policy: 

Royal Sundaram Arogya Sanjeevani Policy offers:

  • SI of Rs.1 lakh and Rs.5 lakh at premium rates as low as Rs.7 per day
  • Coverage for pre, post and in-hospitalization expenses 
  • Coverage for modern, AYUSH and cataract treatment 
  • Extended coverage to parents and in-laws

Kotak Mahindra Arogya Sanjeevani Policy offers: 

  • SI of Rs.1 lakh and Rs.5 lakh at premium rates as low as Rs.7 per day
  • Coverage for pre, post and in-hospitalization expenses 
  • Coverage for AYUSH and daycare treatments
  • 50% of SI for modern treatment, 25% of SI for cataract treatment and 5% of SI for ICU expenses  
  • Cover for ambulance charges up to Rs.2 thousand

COVID-19 Insurance Policy: 

In the wake of COVID-19, the IRDAI has directed all insurance companies to provide coverage against the disease. Both Royal Sundaram Health Insurance and Kotak Mahindra Health Insurance offer this policy an individual and family floater basis.  

Royal Sundaram COVID Secure Policy gives: 

  • Fixed lump sum payout of SI (between Rs.25 thousand and Rs.50 thousand) upon positive diagnosis of COVID-19 (subject to in-patient hospitalization or home quarantine treatment)

Kotak Mahindra Corona Kavach Policy gives: 

  • Minimum SI of Rs.50 thousand and maximum SI of Rs.5 lakhs
  • Coverage for pre, post and in-hospitalization expenses
  • Coverage for home-care and AYUSH treatment
  • A road ambulance cover 

A wise hack to buy a health insurance plan is to assess your needs and financial capacity and then zero in on a policy that meets both these needs. Professional insurance experts will be able to guide you further to buy health insurance.

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