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.
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:
Below are the steps to renew your Kotak health insurance policy:
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.
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.
Here are a few reasons why you should renew your Kotak health insurance policy within the renewal period:-
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:
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 |
Keep these pointers in mind while getting a renewal of your 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)
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.
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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.