When one invests in health insurance, they look for plans that suit their needs and do not end up burning a hole in their pocket. Hence, it is always wise to pick a plan from an insurer that provides the best benefits for you and your family.
Chola MS General Insurance Co. Ltd. headquartered in Chennai, is a leading insurance company in India
Health insurance by Cholamandalam is very popular amongst their customer base due to their high level of customer satisfaction through optimized operational processes and innovative vision. The company has over 90 centres PAN India and an agent network that is 7000 strong. Cholamandalam also offers a spectrum of health insurance policies.
No. of members- The plan covers maximum 5 members of your family with up to 3 children and 2 adults.
Lifelong Renewal– The plans offered are lifelong renewable, hence it saves you from the financial burden and stress caused by a medical emergency and keeps you well prepared to handle any situation.
Room Rent– If your sum insured is Rs.3/4/5 lakh then an AC room would be charged up to 3000 per day.
Pre & Post hospitalization cover- The plan covers medical expenses for 60 days prior to hospitalization and 90 days post hospitalization only for related medical expenses.
Health Check-ups– All insured would get free health checkup for 2 claim-free years.
Pre-existing diseases- Pre-existing diseases are covered after 4 years of waiting period.
Co-payment- The plan has no co-payment policy.
Provides a network of hospitals, where you can avail cashless treatment facilities.
If no claims are made on the health cover in a particular year, you will be entitled for special benefits through an increment in the sum insured when you renew the policy the following year.
When you pay the premium for your health insurance policy, you are liable to get a tax rebate under section 80D of the Income Tax Act for a maximum value of Rs.25,000 for normal and Rs.30,000 for senior citizens.
The incurred claim settlement ratio of Cholamandalam Health Insurance for F.Y.2018-19 is 35%.
Individual Coverage:
This is most basic of all the health insurance plans offered by Cholamandalam MS. Here is a brief on benefits offered under this plan:
This is a basic health plan, which offers coverage of Rs. 2 lakh for individuals up to age 65 years.
Pre and post hospitalization expense cover, coverage for day care procedures, coverage for domiciliary treatments, etc. are other benefits provided in this plan.
No-claim bonus equal to 5 % of sum insured up to a maximum of up to 25 % is provided after every claim free year.
There are two variables (freedom health line and enrich health line) of this plan.
Family Floater Coverage:
In case you want to cover your entire family on a shared basis with Value Health line, here details of the benefits offered:
This is a family floater plan, which offers coverage of Rs.2 lakh to the entire family.
Proposer, Proposer's spouse up to age 65 years and 4 dependent children between age 3 months and 26 years can be covered under the policy.
Pre and post hospitalization expense cover, coverage for day care procedures, no claim bonus, etc. are other benefits provided in this plan.
Note:
Co-payment/ co-pay (percentage of sum insured to be paid by individual out of pocket before any claim) of 10% is applicable for individuals above age 55 years.
Sub-limits (limits on room-rent coverage, ICU charges, etc.) are applicable in this plan.
If this plan is suitable as per your requirement for more details on the benefits and coverage offered on both individual and family floater coverage.
Freedom Health Line
Individual Coverage:
This is an advanced variant of Value Healthline, which offers wider coverage. Following are briefly the benefits offered under this plan:
This is a health plan, which offers coverage in the range of Rs.3 lakh and Rs.7.5 Lakh for individuals up to age 65 years.
Pre and post hospitalization expense cover, coverage for day care procedures, etc. are benefits provided in this plan. Compared to basic plan this plan offers pre-hospitalization cover for a longer period.
No-claim bonus equal to 5 % of sum insured up to a maximum of up to 50 % is provided after every claim free year.
Family Floater Coverage:
In case you find this plan suitable to cover expenses for your entire family on a shared basis, here are details of family floater coverage:
This is a family floater plan which offers coverage to the entire family in the range of Rs. 3 lakh and Rs. 7.5 Lakh. Proposer, Proposer's spouse up to age 65 years and 4 dependent children between age 3 months and 26 years can be covered under this policy.
Pre and post hospitalization expense cover, coverage for day care procedures, no claim bonus, etc. are benefits provided in this plan. Compared to basic plan this plan offers pre-hospitalization cover for a longer period.
No-claim bonus equal to 5 % of sum insured up to a maximum of 50 % is provided after every claim free year.
Additionally, this plan does not have any sub-limits or co-payment option.
If you find this plan suitable as per your requirement, for more details on coverage offered.
Cholamandalam Enrich Healthline Plan
Individual Coverage:
This is a health insurance plan with daily cash benefit. Following are some of the details offered under this plan.
This is a health plan, which offers coverage in the range of Rs.3 lakh and Rs.10 lakh for individuals between age 18 years and age 65 years.
Basic coverage like pre and posts hospitalization expense cover, coverage for day care procedures, etc. is provided in this plan. However, compared to other variables this plan offers additional benefits like child hospitalization allowance and extended hospitalization allowances (payment of lump sum amount in case of more than 10 days of hospitalization).
No-claim bonus equal to 50 % of sum insured up to a maximum of up to 100 % is provided after every claim free year.
This policy offers additional coverage in case of diagnosis of critical illness or accident (the sum insured is doubled in both the cases).
Family Floater Coverage:
In case you want to cover your entire family on a shared basis with Enrich Healthline plan, here details of coverage offered:
In case you want a health insurance plan with daily cash allowance, please click here to know more about this plan.
Standard Health Line
Individual Coverage:
This is basic health insurance plan with sub-limits offered by Cholamandalam, here are details of coverage offered:
Family Floater Coverage:
In case you wish to cover your entire family on a shared basis with Standard Healthline, here are the details of the coverage offered:
Note: Sub-limits are applicable in this plan. If you are convinced that the Standard Healthline plan is suitable as per your requirement, then contact Coverfox to know more about the details of coverage offered.
Superior Health Line
Individual Coverage : This is health insurance plan with coverage for maternity expenses. Given below are the details of coverage offered by this plan for an individual basis:
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Family Floater Coverage : The Health Superior plan is also available for family floater coverage. Details of coverage offered under this plan are as follows:
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Advanced Health Line
Individual Coverage : In case you want a health insurance plan that would also cover OPD expenses. Here is a brief of coverage offered under Advanced Healthline, which might be suitable as per your needs.
Family Floater Coverage : In case you want to Advanced Healthline for your entire family with a single sum insured on a shared basis. Here are the details of family floater coverage:
Chola Tax Plus Health Line
Individual Coverage : This health insurance plan is specifically for individual buying health insurance for tax benefits. The individual coverage option offers:
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Family Floater Coverage : In case you want to buy family floater plan for tax benefits, following are the details of coverage offered:
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If you want to Tax benefit plan on individual or family floater basis, please contact Coverfox for more details on this plan.
Chola Top-up Health Line
Individual Coverage : This is health insurance top-up plan offered by Cholamandalam MS. The details of coverage offered are as follows:
Family Floater Coverage : In case you are looking for Top-up plan to cover your entire family on shared basis, refer below to know about the coverage offered:
Note:
In case you want to buy Top-up plan for yourself or your family on individual or family floater basis, please click here for the details on coverage offered.
Chola Hospital Cash Health Line
This is a benefit plan, which ensures that additional expenses during hospitalization period are covered. Here are the details of benefits offered:
Chola MS Standard Critical Health Line This is a benefit plan, which offers coverage upon diagnosis of Critical illness. Here are benefits offered under this plan:
Chola MS Advance Critical Health Line
In case you want to buy a critical illness benefit plan offered by Cholamandalam MS, click here for the details of benefits offered.
Chola Accident Protection Plan
Individual Coverage : This is a personal accident disability plan offered by Cholamandalam MS.
Family Floater Coverage :
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Chola Swasth Pariwar- Pearl plan
Family Floater Coverage : This is a family floater plan, which offers basic coverage in case of hospitalization.
Note:
If you want to buy Swasthya Pariwar Pearl plan then, know more about the terms and conditions under which benefits are offered. Please click here for more details.
Chola Swasth Pariwar- Royal plan
Family Floater Coverage :
Note:
If you want to buy Royal variant of Swasthya Pariwar then, know more about the terms and conditions under which benefits are offered. Please click here for more details.
There are two ways to make claim under a Health Insurance Policy: on cashless basis and on reimbursement basis. In simple terms, for making a claim on cashless basis, the treatment must be done only at a Cholamandalam MS Network Hospitals of the insurance company servicing your policy. For availing the treatment, you would have to first seek an authorization as per the procedures laid down and in the prescribed form. In case of claims on reimbursement basis, the insurance company has to be informed as per their prescribed procedures. The policyholder has to ensure that documents such as claim form, discharge summary, prescriptions and bills to be submitted for the claim on reimbursement are obtained after hospitalization.
Chola MS Health Insurance has a well-defined claim processing system.
Cashless Service: Seeking Pre-Authorization
Reimbursement Claim: Claim Submission
In case of any emergencies, you need to inform Chola MS within 24 hours of the admission. In case of planned emergencies, the notification has to reach the company 48 hours prior to the hospitalization. The claim intimation can be done via Chola MS's toll free number 1800-200-5544. The same could also be emailed to customercare@cholams.murugappa.com.
Note: If you are a Coverfox customer, you can directly reach out to us for all your claim-related issues and queries.
Chola MS Health Insurance offers wide-ranging health coverage that takes care of your overheads associated with hospitalization and domiciliary to facilitate the enhanced financial health in the course of an unexpected medical exigency. With 105 branches and over 9000 agents across the country, the company claims of user-friendliness and unswerving customer service. With diverse coverage plans suiting every individual, Chola MS undeniably has potential to be ranked as one of the best insurance companies of India.