Choosing a health insurance company can be a daunting task, it can leave you wondering how to pick the best one among all the companies present in the Indian market. It’s usually advised to notice the insurance company’s data, which can give you an insight to understand if the insurer is dependable or not. This is why we look for the claim settlement ratio of a company. Claim Settlement Ratio can be defined as the number of claims paid by the health insurance company against the number of claims made in a year. For example, Kotak Health Insurance Company has a claim settlement ratio of 96% which means that the insurance company has settled 96 claims out of 100 claims for the year 2021 - 2022.
Kotak Health Insurance has a smooth and fast claim settlement process, it's quite easy and does not cause inconvenience to the policyholder . The company has a Claim Settlement Ratio of 96.90% which is the reflection of its reliability for its customers.
Kotak Health Insurance Company offers two types of claims-settling processes to its customers. These are-
In this claim process the insurance company settles the medical bill directly with the hospital. This claim settlement process is most famous among the two claim settlement processes.
The company has tie-ups with most of the leading hospitals in the country where customers can avail of cashless claim settlements. The company has a network of more than 7000 cashless hospitals. Kotak General Insurance offers the benefit of cashless claims to save its policyholders from worrying about medical expenses borne by their own pocket.
Kotak General Insurance Company has a simple, app-based claim process to make your experience with the customer fuss-free. You can contact the company for a claim, submit your documents, and check your claim status easily on their customer app’ Kotak Mahindra General Insurance' and on their official website as well. Let’s go through the Kotak Health Insurance Cashless Claim process step by step.
In this process the policyholders have to clear their medical expenses that are out of hospitalization from their own pocket and then raise a reimbursement claim by submitting proper medical bills and documents.
In this process the policyholders have to clear their medical expenses that are out of hospitalization from their own pocket and then raise a reimbursement claim by submitting proper medical bills and documents. A customer can file a reimbursement claim at both, network and non-network hospitals of Kotak Health Insurance Company. Here are the steps for the reimbursement claim process:
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