Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term

Protect Your family’s financial future with Kotak e-Term. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Kotak Lifetime Income Plan

Retirement years are the golden years of life. Know more


Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Why You Must Review Your Health Insurance Policy/ Plan Every Year?

A health insurance policy is a powerful tool that provides financial security against medical emergencies that may occur at any time. Click here to know more.

  • Dec 16, 2021

Why You Must Review Your Health Insurance Policy/ Plan Every Year?

A health insurance policy is a powerful tool that provides financial security against medical emergencies that may occur at any time. But it is vital to assess your specific healthcare needs to purchase the right type of policy and get the maximum benefit from it. And the best way to do so is to keep reviewing your health insurance policy every year. 

As you grow, both professionally and personally, your health requirements also evolve at different junctures of your life. Therefore, it is vital to make suitable changes to your health insurance to make the most of it.

Let us look at a few crucial reasons why you must review your health insurance policy every year.

Scope of coverage

As healthcare in India evolves, insurance companies also make changes to their health insurance plan and add coverage for more diseases and treatments. If you’ve bought a health insurance plan with a set of illnesses covered, make sure you review your plan every year so that you can understand what other treatments have been added and ask for modifications to your plan accordingly.

Latest Policy Features

Technology is advancing at a breakneck pace, and even products like health insurance are benefiting from the digitisation of the world. Your existing policy may become outdated if you don’t review it regularly. You’ll come to know all about your policy’s latest features and benefits only if you review it during renewal. 

Pre-existing Conditions

Insurers usually set a waiting period of six months to three years for certain pre-existing diseases. If you keep reviewing your policy, you may find that other insurance products are available with lesser waiting time, and you can switch accordingly. The same can be true if other insurance products are offering similar benefits at a much lower premium. 

Changes in Lifestyle

Possibly the most important reason to keep reviewing your health plan is your changing lifestyle. As one grows older, professional stress, lack of exercise and other factors can take a toll on your health and wellbeing and put you at a higher risk for lifestyle diseases like diabetes and high blood pressure. So, you must review your policy regularly and modify it to include illnesses that are more common as one grows older.  

Marital Status

When you’re single, you may have bought an individual policy covering medical expenses only for you. However, when you start a family and have children, you also must consider the well-being of your spouse and children. Thus, it becomes necessary to upgrade your health plan to include your family. 


Like all plans for the future, health insurance plans also must be closely scrutinised every year. No aspect of your life remains the same as time passes. And hence it is imperative to review your health insurance plan and make changes to it so that it is more suitable to your changing healthcare needs. 

Kotak e-Term

Download Brochure


  • Life Cover till 85 years for Life & Life Secure Option
  • 3 Payout Options
  • Special Rates for Women
  • Option to exit the policy with premium refund at the age of 60*
  • Special Rates for Non-Tobacco Users
  • Free Medical Check Up every 5th year**

Ref. No. KLI/22-23/E-BB/2435


- A Consumer Education Initiative series by Kotak Life

Similar Articles

Health Insurance for Students Who Study Abroad

Health Insurance Plan for Heart – What you Should Know on Symptoms and Diagnosis of Heart-Related Disease?

How to Transfer Your Health Insurance Cover Without Losing Benefits?

Are You Covered for the Home Treatment Cost Under Your Health Insurance Policy?

What is International Health Insurance? Meaning, Importance and Benefits

Stress and Heart Health: 4 Things You Should Know

Things to keep in mind before buying a health insurance plan for diabetics

Health Insurance Plan for Cancer: What You Should Know on Symptoms and Diagnosis of Cancer

Tax Benefits on Health Insurance Plans

The Importance of a Health Insurance Claim Ratio

Why You Must Review Your Health Insurance Plan Every Year

Health Insurance Coverage for HIV Patients

How Much Should I be Paying for Health Insurance?

Health Insurance for Brain Tumour: What You Should Know on Symptoms & Diagnosis of Brain Tumour

What is OPD Cover in Health Insurance?

All You Need To Know About No-Claim Bonus In Health Insurance

Factors to Consider While Choosing a Health Insurance Plan for Your Parents

What is Health Insurance and Why do You Need it?

How to Claim Tax Benefits on Medical Insurance Premium?

Everything You Need to Know About the Ayushman Bharat Health Insurance Scheme

Health Insurance for Personal Accidents

Why You Must Disclose Your Pre-Existing Conditions When You Buy Health Insurance

Is Cataract Surgery Covered under Health Insurance in India?

Health Insurance with or Without Medical Tests? Which is Better

Which One is Better: Mediclaim or Health Insurance?

How is Health Insurance Cost Calculated?

Health Insurance Coverage: Day Care Treatment Vs OPD Treatment

Top Five Institutes for Free Cancer Treatments in India

Why do Patients with Hypertension Need Health Insurance?

Buying Health Insurance with A Pre-Existing Illness? Things You Should Know

Heart and Cancer Insurance

5 things to consider while renewing a health insurance policy

5 Reasons to Consider Investing in Health Care

Key Factors that Decide Your Eligibility for Buying Health Insurance Plans

What is the Persistency Ratio and Why Does it Matter to the Health Insurance Sector?

How to File Health Insurance Claims?

How To Choose A Good Health Insurance Plan?

Do Add-On For Health Insurance Policies Really Add Value?

What are Health Insurance Premiums? How are they Calculated?

Everything You Need to Know About Health Insurance for Parents

What is Disability Insurance?

How Your Eating Habits Affect Your Health & How to Change Them

Why Should You Opt for Cancer Insurance?

5 Reasons to Own Both Health Insurance and Term Insurance

Health Insurance Plan for Family

What Is the Restoration Benefit in Health Insurance Plan?

How Much Of Health Insurance Is Tax Deductible?

5 Reasons to Buy Health Insurance in 2021

Steps to Appeal A Health Insurance Claim Denial

Is Health Insurance Non-taxable?

Health Insurance Plans for a Pre Existing Condition

How to Switch to A Different Health Insurance Company?

Saving Tax on Your Health Insurance

What is the Difference Between a Mediclaim Policy, Health Insurance and Term Insurance?

What are the Documents Required for Buying a Health Insurance Plan?

Guide on Fraudulent Health Insurance Claims in India

What is Single Premium in Health Insurance?

Critical Illness Insurance for Alzheimer's Disease

Benefits of Health Insurance You May Not Know About

Which Health Insurance Plans Cover Your Family Members?

What Is the Restoration Benefit in Health Insurance?

10 Effects of Fast Food on Your Body

Types of Health Insurance You Must Know About

10 Preventative Measures for Diabetes

7 Reason Why Should You Buy a Health Insurance Plan in Your 20s?

Why is Cardiac Care Plan a boon for Heart Patients?

Basics of Health Insurance

Why Your Health Insurance Cover Could be Insufficient?

How Is Your Health Insurance Premium Affected By Age?

A Millennial’s Guide to Buying Health Insurance

What Medical Expenses Can You Claim in Health Insurance Plans?

How wellness benefits can help reduce your health insurance premium

Section 80D: Everything You Need to About Income Tax Deduction for Medical Expenditure

Seven Preventive Measures for Heart Related Illness

What is the Right Age to Buy Health Insurance Policy?

Is Health Insurance the Same as Medical Insurance?

Difference Between Open Heart and Bypass Surgery

List of Critical Illnesses Covered in Health and Life Insurance Plans

What Does Health Insurance Not Cover?

What is Telemedicine? How to Seek Medical Treatment Remotely?

Health Insurance for Liver: What You Should Know About the Symptoms and Diagnosis of Liver Problems

What do Health Insurance Plans Cover?

Healthy Habits to Avoid Falling Sick During Monsoon

Choosing Health Insurance for Senior Citizens

Why You Must Disclose Your Pre-Existing Conditions While Buying Health Insurance?

Tips to Reduce Your Health Insurance Premium

6 Common Myths about Health Insurance

Why Opting for Short Term Health Insurance Plans is a Wise Idea?

Protect Your Family with Health Insurance Today

How to Choose a Right Health Insurance Plan?

7 Things to Audit in Your Health Insurance Plan

Why You Need to Know About the Critical Illness Plan?

Rashtriya Swasthya Bima Yojana: Eligibility, Coverage, Benefits

Everything You Need to Know About Accidental Insurance Policy

Critical Illness Can Disrupt Family's Financial Goals and How Health Insurance Can be Useful

Key Difference between Health Insurance and Mediclaim Policy

What is BMI Calculator, and why is it Important?

Does Critical Illness Insurance Cover Stroke?

How Much Health Insurance Cover Should You Opt For?

How do I Choose a good Health Insurance Plan?