Cholamandalam Value Healthline Policy

    Cholamandalam MS Health Insurance

    Cholamandalam MS General Insurance Company Limited is a joint venture between Murugappa Group and Mitsui Simutomo Insurance Company Ltd. The portfolio of insurance products include engineering, health, travel, motor, etc. for both health and corporates.

    The Value Healthline plan is designed for just-married, ambitious and busy people. This value-for-money health plan takes into account your life stages and protects you, your loved ones and parents in case of emergency.

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    Highlights of the Plan

    • Get a discount of 6% on 2-year policy and 12% on 3-year policy
    • Your sum insured can be enhanced at the time of renewal
    • This policy also covers dependent parents-in-law
    • Enjoy exclusive discount of 5-50% at pharmacies, hospitals, labs, fitness centers, eye hospitals
    • Gain tax exemption up to Rs. 35,000 under Section 80D

    Scope of cover

    Indivdual Plan

    Entry Age

    Adults :

    Minimum : 18 years

    Maximum : 65 years

    Number of Members Covered

    Maximum Members : 12

    Maximum Adults : 8

    Maximum Children : 4

    Sum Insured

    2 lakhs


    discount

    6% discount on premium for 2-year policy

    12% discount on premium for 3-year policy


    Policy Periods Available

    1/2/3 years


    Pre-Policy Medical Check-up

    Not required up to age of 45 years

    50% of the pre-policy health check-up cost will be reimbursed on issuance of policy


    Family Floater Plan

    Entry Age

    For children : below 3 month – 26 years

    Adults :

    Minimum : 18 years

    Maximum : 65 years

    Number of Members Covered

    Maximum Members : 6

    Maximum Adults : 2

    Maximum Children : 4

    Sum Insured

    2 lakhs


    discount

    6% discount on premium for 2-year policy

    12% discount on premium for 3-year policy


    Policy Periods Available

    1/2/3 years


    Pre-Policy Medical Check-up

    Not required up to age of 45 years

    50% of the pre-policy health check-up cost will be reimbursed on issuance of policy


    Important Features

    Day Care Treatments

    Due to scientific advancement, some surgical procedures/treatments do not require you to be hospitalized for a minimum of 24 hours to raise a claim.

      No-Claim Benefits

      In this policy, if you don’t make any claim, then for every claim-free year, you earn a cumulative bonus of 5% on sum insured up to a maximum of 25%. In case of a clam, there is a 5% reduction in sum insured.

        Organ Donor Cover

        For expenses related to organ donation

          Pre Hospitalization

          The insurance company will compensate you for the medical expenses related to your hospitalization 30 days before the hospitalization.

            Post Hospitalization

            The insurance company will pay you for the medical expenses related to your hospitalization 60 days post hospitalization.

              Good to Have Benefits

              Non- Allopathic Treatment Expense Cover

              Pays for expenses for in-patient treatment that is taken under Homeopathy, Ayurveda, Unani and Sidha.

                Emergency Ambulance

                This plan provides domestic road ambulance cover up to Rs. 1,000

                  HOME HOSPITALIZATION/DOMICILIARY HOSPITALIZATION

                  You can avail treatment at home up to base sum assured if hospitalized for maximum 7 days continuously.

                    Value Adds

                    FREE LOOK PERIOD

                    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.

                      Terms & Conditions

                      Room Rent / Room Category

                      Maximum room rent allowed per day is Rs. 3,000

                        Co-Payment

                        If you are above 55 years of age, a co-payment of 10% will be applicable under this policy at the time of claim.

                          Waiting Period

                          Cooling Off Period

                          A 30 days cooling off period for all claims except any arising out of accidental injuries.

                            Specific Illnesses

                            The policy covers some specific diseases/treatments only after 24 months. These include Cataract, Arthritis, Hernia, Kidney Stone, and so forth.

                              Pre-Existing Illnesses

                              You can claim for any pre-existing conditions after 36 months from the policy start date.

                                Waiting Period

                                Specific Illnesses

                                You will have to wait for 24 months before making a claim for specific illnesses or treatments such as such as Cataract, Myomectomy for fibroids, all types of Hernia/Hydrocele.

                                  Pre-Existing Illnesses

                                  You will have to wait for 48 months to claim for any pre-existing illness or an injury that you suffer before issuance of the first policy

                                    Permanent Exclusions

                                    The Plan will not cover any liabilities towards the treatments of following conditions-

                                    • Intentional self-injury
                                    • Mental illness
                                    • Cosmetic, aesthetic treatment
                                    • Dental surgery
                                    • AIDS
                                    • Pregnancy, childbirth, miscarriage, and abortion
                                    • Congenital disease
                                    • Infertility and in vitro fertilization.
                                    • Hospitalization out of war, riot, strike and nuclear weapons

                                    Review of Cholamandalam Value Healthline Policy

                                    The Value Healthline policy from Cholamandalam is loaded with multiple benefits. It has affordable premium and provides the basic and essential features that are needed in a health insurance plan.

                                    **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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