Cholamandalam Health Insurance Plans

Medical issues can take place at any time, in the most unwanted and unexpected circumstances. And these situations can drain all of your money and make you financially unstable. So, the Chola Arogya Sanjeevani Plan takes care of all your financial needs during such medical contingencies.

The salient features of Arogya Sanjeevani Policy Chola MS are described below:

1. An individual can choose from a wide range of sum insured options and offers
2. It covers in-patient hospitalization expenditures provided that the individual is hospitalized and treated for a minimum of 24 hours
3. The policy offers room limits up to a max of Rs. 5000 each day
4. It provides ICU/ICCU expenses up to Rs. 10,000 each day
5. As per Indian law, tax benefits are also available in case of this policy
6. There are no sub-limits on the expenses incurred while staying in an AYUSH hospital
7. Dental treatment and plastic surgery required because of any disease or injury are covered in this plan
8. The company also incurs expenses of daycare treatments and emergency on-road ambulances.The latter offers a max of up to Rs. 2,000 per hospitalization
9. Pre-hospitalization expenses are also covered by this plan for a maximum of up to 30 days before the patient is admitted to an authorized hospital or nursing home
10. Post-hospitalization expenses are covered for a maximum of up to 60 days after the patient is discharged from the hospital or nursing home
11. There are four modes of premium payments available: Monthly:The premiums are made every month. Quarterly:The premiums are paid every three months. Half-yearly: The premiums are paid every six months.Yearly: The premiums are paid on a yearly basis
12. The plan is available in two options:
    1. Individual: The insured person can avail of separate coverage for all his or her family members, including self, parents, spouse, children, parents-in-law, and siblings, based on individual sum insured. Each of the covered persons will enjoy an independent sum insured limit in the same policy
    2. Family floater: In this case, individual self, spouse, children, parents, and parents-in-law can get the coverage under a single policy for the whole family. The single sum insured floats among all the included members of the family
13. A pre-policy health checkup is not needed for individuals below the age of 50 years
14. This policy is supported by more than 8,200 in-network hospitals. In these hospitals, cashless treatment facilities are provided to the insured individual
15. The Arogya Sanjeevani Policy Chola MS policy also facilitates AYUSH coverage under Siddha, Yoga & Naturopathy, Homeopathy, Ayurveda, and Unani
16. This insurance doesn’t offer benefits to those suffering from any already existing diseases until consecutive 48 months of consistent coverage
17. It does not incur expenses for domiciliary hospitalization, unproven treatments, and OPD treatments

COVID-19 cases are rising each passing day. So, proper health insurance is an utmost necessity to protect yourself and your family from this deadly virus. Chola MS thus comes with its COVID-19 insurance plan that offers massive benefits, along with financial strength, to the insured person when he or she is diagnosed with COVID-19 during the period of the policy.

Here is a quick look at the main features of the Chola Covid 19 Plan:

The intrinsic features of the policy are described below:

1. The base cover offers lump sum advantages equal to 100% of the sum insured when he or she is diagnosed with COVID-19, provided that the test is conducted in an authorized COVID-19 testing centre. It is a one-time benefit applicable for the entire tenure of the policy
2. There is the availability of daily cash benefits too. In other words, daily benefits for every 24 hours of quarantine and hospitalization are available up to a maximum of 15 days. However, a daily cash benefit is applicable at the policy level. It will not differ for the covered individuals under the policy
3. The policy offers a daily cash benefit of Rs. 250-1000.This benefit is an additional coverage and lies the base SI
4. Benefits are also available during the loss of a job. 50% of the sum insured is offered per month up to a maximum of 3 months when the insured person loses his or her job because of COVID-19 or when in quarantine
5. It doesn’t require a medical health check-up for buying this insurance policy
6. The proposer should be a minimum of 18 years old on the starting date of the policy
7. Insurance is available for individual self or all family members, including spouses, up to 2 dependent children, and parents
8. Each covered person will have an independent limit of sum insured within the same policy
9. The policy premium needs to be paid at once altogether before the beginning of the date of coverage
10. The insurance plan comes with a waiting period of 16 days
11. The insurance and its benefits can be availed only in India
12. This policy does not apply to those who got tested positive for COVID-19 before the beginning of the plan or who was long ago detected with COVID-19, but it is completely cured now
13. It is also not applicable for the insureds who travelled outside India in the past 3 months

Chola Healthline is a comprehensive health insurance plan which covers the actual hospitalisation costs. The plan is,therefore,an indemnity oriented health insurance plan offered by the company.The plan has an extensive scope of coverage which allows coverage for most medical costs.

The salient features of the plan are as follows

1. The plan is offered in four variants which are Value Healthline, Freedom Healthline, Enrich Healthline and Privilege Healthline.The sum insured and coverage features vary across the different variants
2. Maternity and newborn baby coverage is available with Privilege Healthline variant
3. The sum insured is doubled for critical illnesses and accidental claims under Enrich and Privilege plan variants
4. Free health check-ups are available in all variants except Value Healthline
5. You get premium discounts for choosing long term coverage and also depending on your location
6. No co-payment is applicable under any variant of the plan except the Value Healthline variant