Kotak Mahindra Critical Illness Health Insurance Plans
Rohit, 49, was loved by everyone in the office and was frequently consulted by his colleagues regarding insurance and investments. He was an avid follower of insurance plans and loved discussing their finer nuances with his colleagues. One fine day, he arrived at work, only to find his younger colleague Suresh weeping profusely.
A shocked Rohit enquired about the reason, only to be given a jolt! Suresh’s father had unfortunately been diagnosed with cancer. The doctor had referred him to a leading hospital for treatment. However, Suresh’s existing family insurance plan was not sufficient to cover treatment costs and other modalities in this case. He was worried about raising the extra money. This gave Rohit a profound insight into the realities of such situations and families. He immediately summoned his other colleagues and requested them to get critical illness insurance policies over and above their regular office/family health insurance plans.
Why Critical Illness Insurance?
There are several life-threatening or potentially-fatal illnesses which may crop up during a policyholder’s lifetime. Regular health insurance policies will never have the financial heft to cover the expensive treatment costs of these plans and other related expenditures. Hence, it is always wise to go for a suitable critical illness plan which can ensure a lump sum payout to the customer in case of any such diagnosis, helping cover treatment costs, and other related expenditures simultaneously.
Kotak Mahindra Critical Illness Insurance
Kotak is one of the most reputed insurance providers in the country today. The company is known for its diverse line-up of policies that cover varied requirements of customers. Since critical illness costs are becoming prohibitive for most policyholders, Kotak General Insurance Company offers much-needed relief via its Kotak Secure Shield plan. Availing of the Kotak critical illness policy will naturally help customers get coverage for such costly treatments upon diagnosis. You should carefully check out all available Kotak critical illness riders as well in order to get additional coverage and/or benefits.
Kotak Critical Illness Main Highlights
- 75.45% is the settlement ratio for Kotak critical illness plans.
- There are more than 4,000 network hospitals where cashless treatment may be availed by policyholders.
- Free health check-ups are also available for customers.
- Kotak has also established in-house facilities for settling claims in another major boon for customers.
- The company has already sold more than 3,49,931 policies till date in the country, making it a reputed and trusted market player.
- There is the lifelong renewal facility for all policyholders, which represents another major benefit by all means.
Kotak Critical Illness Policy- Secure Shield
The Kotak Secure Shield policy offers a good way to financially safeguard yourself and your entire family from the impact of hospitalization and treatment for life-threatening and disabling ailments. With financial protection, you will not have to worry about any compromises on healthcare quality as well. This plan offers coverage for 18 kinds of critical ailments, medical procedures and the like. Some of them include end-stage liver or lung diseases, open-chest CABG, coma and cancer (at various stages) and so on.
Kotak Mahindra Critical Illness Benefits & Features
- The Kotak critical illness policy offers comprehensive critical illness coverage for policyholders.
- A one-time lump sum amount or the sum insured is paid out upon diagnosis.
- There is coverage for 18 types of ailments and medical treatments.
- People can thus get high-quality medical care without having to compromise on the costs of the same.
- The family remains financially stable while the futures of children are also non-affected financially in case of the unfortunate death or permanent and total disability of the policyholder, or even in case of an accident.
- The policy also ensures financial support in case of the policyholder’s financial liabilities like existing loans and debts.
- In this case, the maximum benefit available is up to 3 months of the EMI amount due against the debt/loan in question.
- The critical illness insurance plan comes with the portability option, i.e. you can migrate to a policy with better benefits and coverage if needed.
- You can also get Kotak Mahindra health insurance renewal facilities for a lifetime, saving you costs and hassles in the long run.
- There is cashless treatment available at a vast network of partner hospitals throughout the country.
- There is a dedicated loss of job benefits for policyholders.
- Claim settlements are done in-house courtesy of a simplified procedure as well.
You can choose the Kotak Secure Shield with the age limits being 18 years at a minimum and 65 years at the maximum. The sum insured amount begins from Rs. 5 lakh and you can avail of a higher amount if you wish. Check the list of critical illnesses covered under the policy before finalizing the same.
Kotak Mahindra Critical Illness Insurance FAQs
What is the name of the Kotak critical illness insurance policy?
The Kotak General Insurance Company offers a critical illness insurance plan known as the Kotak Secure Shield.
What is the minimum sum insured under this policy?
The minimum sum insured under the policy is Rs. 5 lakh.
What is the duration of the policy?
Renewals can be done by the customer for a lifetime. The maximum age limit for getting the policy is 65 years.
How many ailments are covered under this policy?
The policy covers a total of 18 ailments or critical illnesses.
What is the claim settlement ratio of the company?
The company has a claim settlement ratio of 75.45%.