Without deleting the channel.
After created a notification channel on Android, is that possible to update the importance level of a specific channel though application update? Just calling the createNotificationChannel again or reinstalling the app is not being enough.
No, it's not possible.
As explained in the documentation:
You can't programmatically modify the behavior of a notification channel after it's created and submitted to the notification manager; the user is in charge of those settings after creation.