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Cholamandalam Health Insurance Benefits

Cholamandalam MS General Insurance Company is one of the largest public sector general insurance companies in India. It has built a strong reputation in the health insurance sector of India by providing comprehensive health insurance policies for individuals, families, seniors, critical illness patients, and so on. The company offers a variety of useful products for individuals and families, which can be renewed online.
The insurer also assists the policyholders in buying a health insurance plan without any hassle in a few minutes. Cholamandalam MS Health Insurance Company Limited offers a variety of policies that are designed to provide consumers with comprehensive coverage. AYUSH coverage, pre-hospitalization and post-hospitalisation coverage, pre-existing disease coverage, and so on are examples of these coverages. In addition to these, the insured members also acquire some added advantages such as cashless hospitalization, customer support, grace period option, lifelong renewability, portability, and so on.

Additional Benefit of Free Health Check up

Customers of Chola Health Insurance Company Limited are eligible for a free health check-up after two to three claim-free years, depending on the plan and variant. This advantage is incorporated into the maximum health products provided by the organisation.

Additional Protection over Employer Coverage

The insurance plan offered by the employer may not cover some ailments. As a result, with a proper health insurance policy from Cholamandalam MS, you can enhance your plan and benefit from additional protection.

Cashless Benefit

Health insurance policies offered by the Cholamandalam MS are framed to assist you in overcoming the stress pertaining to finance during a medical emergency. But, with policies that provide cashless benefits, one can easily avail cashless treatment at 7,000+ network hospitals across the nation.

Claim Settlement Ratio

The most significant reason to get a medical coverage plan is to guarantee that you will be paid for all or the maximum amount of medical expenses for which a claim must be filed and settled.Chola MS has a Claim Settlement Ratio of 56.25% for FY 2019-20. The claim settlement ratio changes from time to time.

Coverage against Medical Expenses

Chola MS General Insurance Company Limited offers comprehensive medical coverage plans that provide reasonable coverage against medical costs.Its policies usually provide the coverage for pre-hositalisation and post-hospitalisation costs, daycare procedures, ambulance charges, domiciliary hospitalisation charges, etc.

Incurred Claim Ratio

Incurred Claim Ratio is the rate of net claims settled and paid by the insurance providing company to the net premium collected. The Incurred Claim Ratio (ICR) for Chola MS for the year 2019-2020 was 40.67%. However, the ICR of the insurer keeps changing with time.

Tax Benefit

On buying the health insurance policies from Chola MS, the policyholders can enjoy tax-related benefits on the amount of premium paid as per the Section 80D of Income Tax Act, 1961.

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Disclaimer : Actual Coverage might vary basis your location, age and number of members

Key Features of Cholamandalam MS Critical Illness Insurance Policy

The critical insurance policy by Cholamandalam MS has many more features, such as:

  • Portability option
  • Cashless treatment
  • Lifelong renewability
  • Claim settlement support
  • No medical test up to 55 years

With Cholamandalam MS Critical Healthline Policy in hand, your family can handle the situations and live a good life. On the other hand, you can get the best treatment in the best hospital in your area without having to exhaust your savings.

Cholamandalam Health Insurance Top Up List

  • Top-up (2)
Name of PlanSum Insured
Super Top-up Insurance PlanMIn: 3 Months; Max: 70 Years3 Lakh Check Premium
Top Up Healthline PolicyMin: 3 Months; Max: 65 Years50 Thousand Check Premium

Health Insurance News

FAQs

  • Does Cholamandalam MS General Insurance Company offer any family floater health insurance policy?

    Yes. Cholamandalam MS provides health insurance policies, which are framed especially for families. The Healthline health insurance plan is a popular product offered for families.

  • Are customers required to go through medical check-ups for buying health insurance policies from Cholamandalam MS insurance firm?

    Yes, under a few plans by Cholamandalam MS the applicants are required to go through pre-acceptance medical screening or test. In case, if the proposal is accepted, 100% cost of the check-up is reimbursed to the applicant.  

  • Does Cholamandalam MS General Insurance Company offer coverage for critical illnesses under any of its policies?

    Yes. Cholamandalam MS insurance firm offers a speficially-designed plan to provide coverage related to critical illnesses.

  • Does Chola MS Insurance Company provide Hospital Cash benefit under any of its health plans?

    Yes, Cholamandalam MS General Insurance Company provides a separate plan known as Chola Hospital Cash Healthline to offer hospital cash benefit to the customers.

  • How to purchase and apply for health insurance policies plans by Cholamandalam MS General Insurance Company?

    To buy a health insurance policy from Cholamandalam MS General Insurance Company applicants can either visit the company’s official website, i.e.  www.cholainsurance.com or can buy it from the leading online broker’s website i.e., InsuranceDekho.com.

User Reviews

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What users are saying
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  • Easy Process to Buy a Health P...

    Buying Cholamandalam health insurance was a stress-free experience because of InsuranceDekho. Their site made it easy for me to select the best plan by giving me detailed information about Cholamandalam. I liked how open their policies were and how much coverage they provided. I am certain that, with InsuranceDekho's assistance, I chose well in terms of my health insurance requirements.

    A
    Cholamandalam MS
    By Aman Singla
    On: Jul 02, 2024
  • Easy Comparison and Purchase

    The platform made it incredibly easy to compare different health insurance policies. I could see all the details at once, making it simple to make an informed decision. Purchasing Cholamandalam Health Insurance was also a breeze.

    S
    Cholamandalam MS
    By Sumit Panwar
    On: Jul 01, 2024
  • Network Hospital is located wi...

    I'm really delighted with Cholamandalam Health's health insurance policies. I was able to comprehend InsuranceDekho's clear terms and comprehensive coverage with ease. My expectations have been surpassed by their extensive network of hospitals and speedy claim settlement procedure. I rely on Cholamandalam Health to meet all of my medical needs without any unexpected costs.

    A
    Cholamandalam MS
    By Abhigya Kumar
    On: Jun 27, 2024
  • Website is effective and user-...

    Purchasing Cholamandalam Health Insurance from InsuranceDekho was simple and quick. Their website was effective and easy to use in assisting me with locating the appropriate coverage. I heartily suggest their services to anybody searching for a flawless insurance purchase because the entire procedure was simple.

    R
    Cholamandalam MS
    By Ria Raj
    On: Jun 19, 2024
  • Customer Service is very helpf...

    InsuranceDekho made it simple to get Cholamandalam MS health insurance, and I am pleased with their service. Their policies offer wide coverage, and their immediate claim payouts give me peace of mind. Cholamandalam MS through InsuranceDekho is a dependable option for health coverage.

    R
    Cholamandalam MS
    By Rishi Tomar
    On: Jun 11, 2024