Chola MS Health Insurance

Cholamandalam MS General Insurance Company Ltd (Chola MS) is a joint venture between the Murugappa Group, an Indian conglomerate, and the Mitsui Sumitomo Insurance Group (MSIG), a Japanese assurance company. Headquartered in Chennai, offering products like Motor Insurance, Health Insurance, Travel Insurance, Personal Accident & Home Insurance.

Chola MS General Insurance Highlights

Key features of Cholamandalam MS Health Plans:

Listed below are main features of health insurance plans from Chola MS:

• A select number of Chola MS Health plans provide double coverage for accidents and critical illnesses.
• They also provide for domiciliary hospitalization and you can enjoy lifetime coverage with these plans.
• Enjoy cashless hospitalization at over 4300 hospitals across the country.
• Select health plans provide cover for 20 major critical illnesses.
• Get paid for the cost involved in room rent on selected health plans.
• Lifetime renewal facility is available.
• Get tax benefit under section 80 (D) of the Indian Income Tax Act, 1961.
• 24×7 claim assistance service.
• These plans also provide cover for over 140 Day-care procedures.
• Pre and post hospitalization expenses are covered by most of the health plans offered by Chola MS.
• Enjoy easy claim settlement procedure.

Why choose Health Insurance Plans from Chola MS:

There arenumber of reasons why you choose Chola MS Health Plans. These plans offer a host of attractive benefits which include:

• You can enjoy cashes hospitalization in 4300 hospitals plus hospitals in India.
• Chola MS Health would pay for your pre and post hospitalization expenses up to up to 30 days prior to hospitalization and up to 60 days after discharge.
• Select Chola MS Health plans also include ambulance service within its cover and they will pay for your ambulance charges.
• You may enjoy special benefits when you renew your health insurance policy, provided you have made no claim on your health insurance cover in the previous year. You can also enjoy free medical check-up for not making no claims.
• Under section 80D of the Income Tax Act, 1961, you may get tax benefits on the premiums paid for your health insurance policy.
• You can opt for voluntary deductibles and reduce your premium amount mentioned in the policy. Co-pay facility is available in select health insurance plans.
• Nearly 20 critical illnesses are covered under this policy.
• You can easily purchase these plans online without facing the trouble of manually contacting your health insurance provider.

Types of Health Insurance Policies Provided by Chola MS:

1. Chola MS Healthline Insurance
2. Chola Swasth Parivar Health Insurance Plan
3. Chola Tax Plus Healthline
4. Chola MS FamilyHealthline Insurance
5. Chola MS Individual Healthline Insurance Policy
6. Chola MS Top Up Healthline Insurance Policy
7. Chola MS Critical Healthline Insurance Plan
8. Chola MS Hospital Cash
9. Chola MS Individual Health
10. Chola MS Family Health Insurance

Key details of each of the plans are elucidated and tabulated below:

• • • Chola MS Healthline Insurance

This policy comes with three sub-plans viz.

• • • Value Healthline
    • Freedom Healthline
    • Enrich Healthline

They are similar in terms of features but differ in terms of coverage amounts/sub-limits.

• • • Chola Swasth Parivar Health Insurance Plan

This policy features two sub-plans viz.

• • • Pearl
    • Royale
      

      Basis	Family floater
      Sum Assured	Rs.3, 4 or 5 lakhs
      Premiums	Rs.5,005 to Rs.10,351
      Co-payment	15% compulsory; 10% voluntary (at non-network hospitals)
      Coverage	– Inpatient hospitalisation expenses:  Room charges: 1% of chosen sum assured ICU: 1.5% of chosen sum assured (per day)  – Costs of treating medical professionals, consumables etc. required for treatment – 141 day care procedures – Pre/Post-hospitalisation expenses: Up to 30/60 days respectively – Day care treatment: At network hospitals only – Pre-existing diseases: After a waiting period of 4 yrs.
      Add-on Covers	Personal Accident Cover: Death and Total Permanent Disablement: Rs.7.5 to 10 lakhs (self) and Rs.3.75 to Rs.5 lakhs (spouse);  Rs.1.5 to Rs.2 lakhs (per child)  Partial Permanent Disablement: Rs.3.75 to Rs.5 lakhs (self) and Rs.1.87 to Rs.2.5 lakhs (spouse); Rs.75,000 to Rs.1 lakh (per child)

    • Chola Tax Plus Healthline

      Entry Age	18 yrs. to 65 yrs.; 3 months for children
      Medical Screening	Required for entrants above 55 yrs.
      Sum Assured	Rs.1 to 5 lakhs in increments of Rs.1 lakh No-claim Bonus: 5% enhancement in chosen sum assured for every claim-free year, max.50%
      Coverage	– Inpatient hospitalisation expenses:  Room charges: 1% of the chosen sum assured (per day)  ICU charges: 2% of the chosen sum assured (per day)  – Pre-hospitalisation expenses: Up to 60 days (max. 5% of actuals)  – Post-hospitalisation expenses: Up to 90 days (max.Rs.50,000)  – Ambulance costs: Rs.3,000 per hospital stay – Cataract: 7.5% of chosen sum assured (max. 20,000) per eye – Hernia: 10% of chosen sum assured (max. 30,000)  – Fistula/Piles: 10% of chosen sum assured (max.30,000)  – Sinusitis: 10% of chosen sum assured (max.30,000)  – Tonsillitis / Adenoids: 15% of chosen sum assured (max.40,000)  – Knee/Joint Replacement Procedures: 50% co-payment  – Outpatient cover  – Pre/Post-Natal Expenses  – Pre-existing diseases: After a 4-yr. waiting period  – Dental  – Treatment under branches of Indian medicine (not naturopathy)  – Prescribed glasses, contact lenses, hearing-aids, prosthetics etc.

    • Chola MS Family Healthline Insurance

This policy comprises the following plans:

• • • Standard
    • Superior
    • Advanced

Basic features are common to all plans but the amount and depth of coverage varies along with the premiums payable.

• • • Chola MS Individual Healthline Insurance Policy

Suited for protection of an individual, it provides three coverage options under plans titled Standard, Superior and Advanced. The sub-limits applicable to the various expenses depend on the plan chosen by the proposer and the coverage option therein.

• • • Chola MS Top-Up Healthline Insurance Policy

This is a health insurance policy which enhances the cover of a basic health plan. Taken in-addition to an existing policy, this makes coverage more comprehensive.

There are 7 coverage options viz. Plan A, B, C, D, E, F and G. Each plan features a deductible which is the amount the proposer bears on admissible claims. Sub-limits on the various expenses covered under this policy also vary according to the chosen plan.

• • • Chola MS Critical Healthline Insurance Plan

This plan can be taken in addition to a basic health plan to make coverage more comprehensive. Basic plans do not cover critical illnesses whereas this plan specifically targets these events.

There are two options based on the number of critical illnesses covered i.e. 1. Standard Plan: Covers 10 illnesses 2. Advanced Plan: Covers 12 illnesses

• • • Chola MS Hospital Cash

This policy offers holders a way to meet expenses during hospitalisation. The three medical insurance plans mentioned below offer varying levels of cover. Customers can avail of this policy, based on their affordability, given the range of premiums charged under Plan A, Plan B or Plan C.

Hospitalisation expenses in this caseincludes ICU charges and extended stay and payout is given as a lump sum once claims are successfully processed.

• • • Chola MS Individual Health

This plan gives the client a chance to enhance their cover by paying additional premium.

• • • Chola MS Family Health Insurance

This is similar to the Individual Policy but offered on a floater basis to cover not just the proposer but his/her entire family as well.