Chola MS General Insurance Company Limited (IRDA Reg. No. 123) is a strong partnership between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. Chola MS offers an extensive array of products that include Engineering, Health, Accident, Marine, Motor, Liability, Travel, Property as well as Rural insurance for individuals and corporates.
Chola Swasth Parivar Insurance is a wholesome insurance plan that provides insurance cover towards hospitalization costs for families on a floating sum insured basis and Personal Accident cover for your family members on individual Sum Insured basis. The premium for this policy is remarkably reasonable.
For children : 91 days
Adults :
Minimum : 18 years
Maximum : 65 years
Maximum Members : 4
Maximum Adults : 2
Maximum Children : 2
3 lakh, 4 lakh, 5 lakh
Family Discount
Annual
Above the age of 55 years
You can claim as per the below table towards this benefit:
| Personal Accident Self | |||
|---|---|---|---|
| Entry Age | 60-80 years | Rs. 10,00,000 | Rs. 10,00,000 |
| Permanent Total Disablement | Rs. 7,50,000 | Rs. 10,00,000 | Rs. 10,00,000 |
| Permanent Partial Disablement | Rs. 3,75,000 | Rs. 5,00,000 | Rs. 5,00,000 |
| Personal Accident - Spouse | |||
| Death | Rs. 3,75,000 | Rs. 5,00,000 | Rs. 5,00,000 |
| Permanent Total Disablement | Rs. 3,75,000 | Rs. 5,00,000 | Rs. 5,00,000 |
| Permanent Partial Disablement | Rs. 1,87,000 | Rs. 2,50,000 | Rs. 2,50,000 |
| Personal Accident - Per Child (maximum two children) | |||
| Death | Rs. 1,50,000 | Rs. 2,00,000 | Rs. 2,00,000 |
| Permanent Total Disablement | Rs. 1,50,000 | Rs. 2,00,000 | Rs. 2,00,000 |
| Permanent Partial Disablement | Rs. 7,50,000 | Rs. 1,00,000 | Rs. 1,00,000 |
The plan covers the expenses towards 141 day-care procedures that would otherwise require hospitalization of a minimum of 24 hours.
Compensates for the Pre-Hospitalisation expenses for consultations, investigations and medicines incurred up to 30 days before Hospitalisation
Compensates for the Post-Hospitalisation expenses for consultations, investigations and drugs incurred up to 60 days after discharge from Hospitalisation.
If you are currently insured with a different insurer and wish to switch to Bajaj Allianz Healthguard Family Floater Plan, you can do the same without losing your accrued benefits after the waiting periods.
You can avail tax benefits for the premium amount paid towards this plan under Section 80D of the Income Tax Act,1961.
You can apply for enhancement of Sum Insured at the time of renewal by submitting a new proposal form to the company.
Payable as part of the in-patient expenses up to a maximum of sum insured.
Not applicable unless it required due to an accidental injury.
For any reason, should you decide not to proceed with the policy, you can return the same and request for a refund within 15 days from the date of receipt of the policy document.
1% of the sum insured limit towards the room rent & 2% of the sum insured limit towards the ICU charges.
You will have to bear 10% of co-payment if you seek the treatment in any hospital outside the network. Similarly, 15% co-pay applies to every eligible claim.
If the age of the policyholder or the eldest member on the policy is more than 61 years, you will have to bear the 20% co-payment charges at the time of claim.
A 30 days cooling off period for all claims except any arising out of accidental injuries.
24 months waiting period for few listed conditions like any types of gastric or duodenal ulcers, Benign prostatic hypertrophy, Endometriosis, Fibromyoma, etc.
You can claim for any pre-existing conditions after 48 months from the policy start date.
The Plan will not cover any liabilities towards the treatments of following conditions-
The detailed list of what the policy does not cover is available in the policy wording.
Chola's Swasth Parivar Insurance – Royale Plan is offered on a family floater basis with an added advantage of a cover for the personal accident for the insured members. The health insurance plan includes 141 day-care procedures along with 30 & 60 days of pre and post hospitalization costs. However, a co-payment for every claim and a strict limit on the room rent & ICU charges along with the exclusion of other benefits like maternity cover and no claim bonus is a dampener.
**Reviews and ratings are based only on Benefits and Conditions. Things like Claim Settlement Ratio, Hospital Network have not been covered under product ratings. These are covered under Company ratings.
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