Health Insurance 1882 views October 1, 2020

Kotak Secure Shield Insurance Plan

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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Features of Secure Shield Plan

  1. 18 Different types of Critical illnesses are covered in this insurance plan.
  2. You will get a personal accident cover in this plan.
  3. Flexibility of choosing the Sum Assured at the time of inception of the policy.
  4. You can choose the policy term of up to 3 years in this plan.
  5. There are tax benefits as well that you can claim as per the existing Tax Laws.
  6. There is a free-look period of 15 days during which you can return the policy.

Benefits of Secure Shield Health Plan by Kotak

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.

Critical Illness Cover

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.

Personal Accident Cover

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.

Child’s Education Cover

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.

Loss of Job Benefits

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.

Policy Term

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.

Income Tax Deductions

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.

Free Look Period

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.

Eligibility Criteria for Kotak Secure Shield Insurance Plan

Minimum Age of Entry18 Years
Maximum Age of Entry65 Years
Minimum Policy Term1 Year
Maximum Policy Term3 Years
Policy Term Options1 Year, 2 Years, and 3 Years
Renewal of PolicyLifetime Renewability
Tax DeductionsAllowed

Exclusion of this Health Insurance Plan

  1. Any Pre-existing Diseases will not be covered for a period of 48 months.
  2. First occurrence of any medical condition or event within 90 days of policy commencement.
  3. Claim arising or resulting from Insured Person committing any breach of the law
  4. War, invasion, the act of a foreign enemy, hostilities, civil war, rebellion, revolution, insurrection, mutiny, military or usurped power, seizure, capture,
    arrests, and restraints.
  5. Ionising radiation or contamination by radioactivity from any nuclear fuel.
  6. Usage, consumption or abuse of substances intoxicants, hallucinogens, alcohol, and drugs.
  7. Self-destruction or self-inflicted injury attempted suicide or suicide.
  8. Sexually transmitted diseases like Acquired Immuno Deficiency Syndrome (AIDS), AIDS-related complex syndrome (ARCS).
  9. Injuries while serving in any branch of the Military or Armed Forces of any country during war or warlike operations.

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