*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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Kotak General Insurance Company follows a smooth and fast claim settlement process. And to check the ability of health insurance companies to pay off the claims, it is important to check their claim ratio. The insurer’s health claim settlement ratio is 76.20%, which is quite satisfactory. The claim settlement process is followed by the insurer is quite easy and offers convenience to the policyholders.
The insurance company offers a wide range of healthcare facilities and has settled multiple claims in a fast-paced manner. Under Kotak General Insurance policies, you can file both reimbursement and cashless claims.
Key Features |
Highlights |
Network Hospitals |
4000+ |
Incurred Claim Ratio |
48.21 |
Renewability |
Lifelong |
Waiting Period |
4 years |
A health insurance claim is the request made for reimbursement of medical expenses during the policy term. The insurance company can also make direct payments to the hospital. To avail of health insurance benefits and receive payments for medical expenses the insured needs to submit a claim request. Here we have explained both cashless and reimbursement processes in detail.
Check out your cashless insurance claim step-by-step:
Another way to file your health insurance claim is via reimbursement. You get the treatment done and pay the medical expenses upfront, and submit all the hospital bills to Kotak General Health Insurance. Upon assessment of the bills, the insurance company will reimburse the expenses you have incurred based on your sum insured limit. The procedure to file reimbursement is given below:
The most important documents that are necessary for Kotak health insurance claim settlement are given below:
If you need any more details on the Kotak health insurance claim settlement process then you can speak to our health insurance experts online. You can write to us at care@policybazaar.com and call us at 1800-208-8787
The claim settlement ratio is derived with a simple formula. The total number of health insurance claims is divided by the total number of claims settled. For instance, if a health insurance company receives 1000 health claims and settles 940, then its health ratio would be 94%.
Yes, Kotak health insurance offers in-house settlement of your health insurance claims.
Yes, you can avail cashless treatment in network hospitals if you are insured under any of the Kotak health insurance plans.