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Health Insurance 1882 views October 1, 2020
Nowadays, a small medical emergency wash away all the savings of individuals. Therefore, it has become really necessary for all individuals to take a health insurance plan that would give them protection against medical emergencies. You can explore the features and benefits of the Kotak Secure Shield Insurance Plan that gives you the protection against 18 different critical illnesses. On the other hand, you will get the coverage for the job loss or child’s education in this insurance plan. If you become financially disabled due to an accident then it will be covered by the company. So, you must see all the advantages of this interesting health insurance plan.
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There are some exclusive benefits of this plan that will help you understand it better. You must see all the benefits of this plan and the risks covered under it.
This insurance plan gives you protection against 18 different illnesses. So, if in case you are diagnosed with any illness mentioned in the 18 illnesses then the company will compensate for the medical expenses and other hospitalization overheads.
If in case you met with any kind of personal accident and become permanently totally disabled then the company will give you the reimbursement for the loss. On the other hand, if in case the insured dies an unfortunate death due to a personal accident then the company will give the sum of money to his family.
This plan will handle the expenses of your child’s education in the future if you die or become permanently totally disabled due to a personal accident. Nowadays, education expenses are high, so your family can manage it using the money received from the insurance company.
In the Kotak Secure Shield Insurance Plan, you will get some benefits if you lose your current job. The insurance company will pay 3 EMIs of your existing loans so that your financial burden is lightened.
There are three options for choosing the policy term. You can take this health insurance plan for 1 year, 2 years, and 3 years. You can enjoy rebates on premiums if you take this policy for a long period of time.
Enjoy Tax Deductions by showing the premium of the policy while computing your annual income. The deductions are allowed as per Section 80C of the Income Tax Act 1961. So, you can save yourself from paying more taxes to the government.
The company gives you a free-look period of 15 days during which you can return the policy to the company if you don’t find the policy interesting. This period of 15 days starts from the date of the inception of the policy. You can study each and every clause of this policy within 15 days of the free-look period.
Particulars | Details |
---|---|
Minimum Age of Entry | 18 Years |
Maximum Age of Entry | 65 Years |
Minimum Policy Term | 1 Year |
Maximum Policy Term | 3 Years |
Policy Term Options | 1 Year, 2 Years, and 3 Years |
Renewal of Policy | Lifetime Renewability |
Tax Deductions | Allowed |