Kotak health insurance renewal
  • How to Renew Kotak Health Insurance
  • Process of Policy Renewal
  • Kotak Health Insurance Renewal Online
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How To Renew Your Kotak Health Insurance Policy

Every health insurance policy serves you healthcare support for a definite policy tenure. Given, that you must renew your policy every year, on time, to get continued benefits. Renewing your health insurance makes sure of continuous coverage, an enhanced sum insured, value with add-ons, premium stability, and so on. It's always considered wise for you to be aware of getting your policy renewed before it expires.

This page discusses how you can proceed with your Kotak Health Insurance Renewal, what are its benefits, and a few tips to consider during your policy's renewal.

Kotak Health Insurance Renewal Process

You can get your Kotak health insurance renewed in online or offline mode. Read below the steps through which you can renew your health policy:

  1. Online procedure

    Below are the steps to renew your Kotak health insurance policy:

    • Step 1:- You need to visit the official website of Kotak Health Insurance
    • Step 2:- Click on the ‘Renewal' button on the header section of their page
    • Step 3:- Select your policy and continue further
    • Step 4:- Fill in all the details asked in their pre-authorization form like - mobile number, date of birth, policy number, etc
    • Step 5:- Proceed to ‘submit' for verification and wait till you get a confirmation of renewal
    • Step 6:- You will further be redirected to a payment gateway where you can directly pay the premium for your policy
    • Step 7:- The last step would be receiving a confirmation mail and/or SMS from the company, that ensures your policy has been renewed
  2. Offline Procedure

    Kotak Health Insurance solely relies on the customer's satisfaction which leads you to a convenient renewal of your health insurance.

    To renew your Kotak health insurance in offline mode, you need to reach out to the executives of the company. You can do so by calling them on the toll-free number 1800-266-4545 or by visiting the nearest branch of Kotak Health Insurance.

How PolicyX Can Help You in the Kotak Health Insurance Renewal Process?

PolicyX.com is a leading policy web aggregator and policy advisor, readily available for its customers' queries 24x7. We are here to make sure you don't miss the chance of renewing your health insurance policy. We are known for our far-reaching customer support, ensuring all your concerns are addressed quickly.

For any queries related to your health insurance policy, you can reach out to customer care at PolicyX.com at 1800-4200-269 or write an email at helpdesk@policyx.com. For more information about health insurance companies, contact us without giving it a second thought.

Why Renew Kotak Health Insurance Before Expiry?

Here are a few reasons why you should renew your Kotak health insurance policy within the renewal period:-

  • Relieved waiting periods

    If you fail to renew your policy, you will have to complete the newly proposed waiting period, in the same way as you had with the previous policy. On the other hand, on the policy renewal, you can claim against your running policy without any fail and waiting period extensions.
  • Freedom for policy amendment

    During the renewal period of your insurance policy, you are free to make any changes, whether in sum insured limit, addition and removal of any family member (in case of family floater plans), deductibles, add-on cover, etc. It helps you to get the optimum benefits from your insurance.
  • Regulated and pocket-friendly premiums

    If you forget to renew your policy or it's lapsed, you'll need to buy a new policy which means you have to pay an additional or revised premium. On the opposite side, the policy's in-time renewal ensures your premiums stay similar to what it was at the time of policy commencement.
  • No pre-medical test is required

    Buying a new policy is easy but going through a complete pre-policy health check-up is painful and time consuming. Whereas, the policy's renewal makes sure that you get all the coverage benefits as usual without going through a thorough pre-policy medical check-up.
  • Uninterrupted medical coverage

    If you have not renewed your policy, all the facilitations related to hospitalization will be discontinued. In contrast, renewing the policy in a given interval of the renewal period will help you receive medical assistance without any discontinuation.
  • No-claim bonus/cumulative bonus

    You can avail of the cumulative bonuses in terms of sum insured enhancement that you might have received during the tenure under Kotak health insurance. However, if you fail to renew your health policy, you will lose out on simiar no-claim bonus benefits.
  • Tax exemption benefits

    The policyholder can avail of the tax benefits over all the premiums they've paid against health policy under Section 80D of the Income Tax Act, 1961.

How to Avoid Policy Lapse?

Not renewing your health insurance policy can lead to the policy's lapsation. However, you can avoid your policy's lapsation by following these guidelines:

  • Keep updated on your policy's renewal date
  • Activate email or SMS facility to get reminders
  • Use the auto-debit method to not miss a renewal date
  • Keep an eye on your policy's grace period (generally, you get 7 - 30 days to continue your policy benefits after the policy period is over)

Which is better: Policy Renewal or Policy Porting?

Here's an illustrative table of benefits of health insurance renewal over insurance portability:

Specifications Meaning Conditions on Renewal of Policy Conditions on Porting the Policy (a minimum of 30-60 days is allowed to intimate the insurer)
Approach a new health insurer 45-60 days before the existing policy's premium renewal, the policyholder needs to approach a new health insurer No Yes
Fill out the proposal form Send the requested proposal form with all the undersigned details of the previous policy No Yes
Document verification You need to go through extended verification with your previous policy's benefits, personal details, claim status, medical history, etc No Yes
Final verdict of health insurer The next insurer is freely entitled to either accept your request or reject it based on the thorough verification No Yes
Policy coverage lapsation All the coverage benefits and other inclusions could be exhausted and you would be required to follow the new policy's terms & conditions No Yes

Things to Remember while Renewing Health Insurance Policy

Keep these pointers in mind while getting a renewal of your health insurance policy:

  • Date of renewal for the policy
  • Ascending requirements in your health policy
  • Claim settlement facilitation/experience
  • The comparative monthly premium of the policy
  • Easy portability benefits for policy inclusions
  • Adding or removing any family members
  • Changes in sum insured or an optional cover
  • Discounts on premium or cumulative bonuses
  • Intimate your health insurer if any ailment/disease is diagnosed till the renewal period.

Why is there a Grace Period in the Health Insurance Policy?

The grace period is an extended time frame that comes after the expiration of your policy. Grace Period in health insurance helps you avoid a policy lapsation. With the Kotak Health Insurance renewal, you can avail of a grace period of 30 days to continue your policy. If you've paid your premiums during the grace period, it'll allow you to receive the continuity benefits without any extra charges (you can not claim during the grace period of your policy)

End-Note

It may seem hectic to renew your health insurance policy every year. Whereas, not renewing it will lead you to policy lapsation, meaning you're no longer entitled to receive the coverage benefits under your policy. To save yourself from paying a high premium after policy revision, and serving an elongated waiting period, etc, it's better to get your policy renewed within the given period.

Want to know more about your Kotak health insurance renewal? Reach out to the customer care executives of PolicyX.com at 1800 345 0330.

Kotak Mahindra Health Insurance Plans

Kotak Mahindra Health Insurance offers customized health insurance plans and complete health covers. Have a look below.

Kotak Health Care

Kotak Health Care protects you and your family financially against medical emergencies. The plan comes in three variants- Excel, Platinum and Prime.

Unique Features

  • Enhanced coverage
  • Free Annual Health Check-ups
  • Lifetime Renewability

A comprehensive health plan that offers protection plus rewards and value-added benefits. Additionally, the plan also comes with in-built maternity coverage.

Unique Features

  • Long Term & Family Discounts
  • Zone-wise premium classification
  • Critical Illness cover

Kotak Arogya Sanjeevani Policy

It is a standard health insurance plan that offers medical coverage of up to 10 Lakhs. Also, a fixed co-pay of 5% is applicable for all claims and ages in this policy

Unique Features

  • Coverage for cataract treatment
  • Modern treatments covered
  • Cumulative bonus of 5%

Kotak Secure Shield

A critical illness insurance plan that covers the expenses incurred in treating critical illnesses by paying a one-time lump sum insured to the beneficiary.

Unique Features

  • Child education benefit
  • Personal accident benefit
  • Loss of job benefit

Kotak Accident Care

The plan is specially designed to cover you and your family in case of an accidental injury, disability, or death.

Unique Features

  • Funeral expenses extension
  • Carriage of dead body
  • Ambulance charges

Kotak Super Top-up

Kotak Super Top-up plan offers additional coverage to the policyholder to meet his/her medical expenses in case their base health coverage is exhausted.

Unique Features

  • 100% restoration of SI
  • Ambulance coverage up to 2,000
  • AYUSH Cover

Corona Kavach Policy

Corona Kavach policy is a standard individual health insurance policy that protects you against hospitalization expenses that occur due to COVID-19.

Unique Features

  • Home care treatment expenses
  • Optional cover available
  • Benefit of up to 100% of SI

Kotak Health Insurance Renewal: FAQs

1. Can I switch my Kotak health insurance to another insurer before renewal?

Yes. You are allowed to switch your insurer before the renewal period of your policy.

2. Can I amend my Kotak health insurance after the renewal period?

No. All the amendments are supposed to be done before the renewal period. You must inform your insurer about any changes at least 30 days before the renewal period.

3. Will it be safe if I renew my Kotak health insurance policy online?

Yes, you can renew your Kotak health policy online by visiting the official website of Kotak Health Insurance.

4. How can I renew my Kotak health insurance?

You can renew your health policy by visiting the nearest branch of Kotak, or you can complete the renewal process on their official website.

5. What will happen to my policy if I don't renew it?

If you do not renew your policy before the renewal period terminates, you have your policy's grace period in your hands. However, failing to renew the policy during the grace period will further lead you to policy lapsation.

Health Insurance Companies

Kotak Health Insurance Reviews

Read what our customers have to say about Kotak health insurance company and Kotak health mediclaim policy.

Customer Review Image

pritam

Jalandhar

February 21, 2022

Very good company. our take care is their 1st priority. Good staff, advisors are educated. listen to our requirement and then help fully

Customer Review Image

Vishas Kumar

Chandigarh

September 13, 2021

100 ON 100 to this amazing health company. Best health insurance products with the best services. Glad to be your customer. Thumbs Up to you.

Customer Review Image

Konkana Sen Gupta

Chandigarh

September 13, 2021

Happy to be a proud customer of Kotak Health Insurance Company. With their customer-centricity attitude, the company will soon be the no. 1 health insurance provider.

Customer Review Image

Rakshit Bazaz

Jaipur

September 13, 2021

I was very doubtful in the beginning about buying health insurance but Kotak has supported me at my worst, Now I am very thankful to the company for helping its customers with their medical nee...

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Vishwajit Ray

Lukhnow

September 13, 2021

Very nice company with a vast variety of health insurance products. I am sure that in any medical need the company will be my saviour.

Customer Review Image

Arif Sheikh

Lukhnow

September 8, 2021

Nice company with the best health insurance solutions. From young individuals to senior citizens, from health plans to parents to children, everything is available.

Customer Review Image

Aishwarya Veer Pratap Chauhan

Jaipur

September 8, 2021

One of the amazing health insurance companies. Impressed with the working ideologies and methodologies. Keep up the good work guys.

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Gayatri Devi

Agra

September 8, 2021

I would definitely recommend Kotak Health insurance to literally anyone who is looking to buy a health insurance plan. Go For IT.

View All Kotak Health Insurance Reviews

Simran Nirala

Written By: Simran Nirala

Simran has an experience of 3 years in insurance content writing. She transitioned from hospitality to the insurance industry after her emerging interest in how vast insurance is. With her ability to write complex insurance concepts in a simple, relatable manner she keeps her audience hooked and solves their doubts smoothly.