Cholamandalam MS Flexi Health Insurance

Cashless Approval TAT | 70 mins Cashless Claim Processing |
Claim Settlement Ratio | 94% |
Network Hospitals | 11,000+ |
Pre-existing Disease Waiting Period | 3 years |
Special Benefits | High Coverage |
Starting Premium of Rs. 5 lakhs SI | Rs. 407/month |
About Cholamandalam MS Flexi Health Insurance
Flexi Health Policy offered by Cholamandalam MS General Insurance is an indemnity based health insurance policy that protects you and your family from financial burden in case of a health emergency. The policy covers people aged between 3 months and 65 years, wherein the Proposer needs to be aged at least 18 years to be able to buy the policy. The policy covers your entire family, including your legally wedded spouse, parents, children, siblings, and parents in laws, under the policy, on an individual or family floater basis. The policy comes with flexible sum insured options ranging between Rs. 1 Lakh and Rs. 25 Lakh. You can pay the premium for Flexi Health Policy on a monthly, quarterly, half-yearly, and annual basis, as per your convenience. Kindly note that the premium will be based on your location.
The policy covers you for several coverage benefits including alternative treatments, daycare treatments, newborn baby cover, pre-hospitalisation and post-hospitalisation expenses, organ donor hospitalisation expenses, treatments taken under AYUSH systems of medicines, domiciliary hospitalisation expenses, etc. Other benefits that the policy offers you include lifetime renewability benefit, tax exemption under Section 80D of the Income Tax Act, 1961, cumulative bonus of 10% for every claim-free year (up to a maximum of 50%), free health check-up once in every 2 claim-free years, etc. Under the policy, you can personalise your sum insured, premium mode, as well as tenure. You can buy this policy for a term of 1 year, 2 years, or 3 years, as per your budget and requirement.
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Key Inclusions and Exclusions of the Plan
What's Included
- In-patient hospitalisation expenses
- 30 days pre-hospitalisation and 60 days post-hospitalisation expenses
- Daycare procedures are covered under this plan
- Treatments taken under AYUSH systems of medicines
- Road ambulance expenses for up to 1% of the sum insured, for a maximum of Rs. 2,000 per hospitalisation
What's Not Included
- Any claim arising due to war or act or war, invasion, act of foreign enemies, etc.
- Any treatment required due to self harm or suicide or attempt of suicide
- Vaccination or inoculation unless forming a part of post-animal bite treatment
- Non-medical expenses in case of hospitalisation
- Pre-existing diseases until 36 months of continuous coverage
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Add-ons to Enhance Benefits
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International Medical Second Opinion
With this add-on benefit, you can avail international medical second opinion. You can buy this add-on voluntarily by paying an extra premium, at the time of policy purchase.
Claim Process at Cholamandalam Health Insurance
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FAQs on Flexi Health Policy Health Insurance Plan
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Is there any additional cover offered under Flexi Health Policy by Cholamandalam MS General Insurance?
Yes. Flexi Health Policy by Cholamandalam MS General Insurance comes with the following additional benefits:
- Additional sum insured for claims due to Road Trac Accident (RTA) (applicable for sum insured of Rs. 3 Lakh and above)
- Daily care benefit
- Travel
- Repatriation of mortal remains
- Second medical opinion
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Who all can be covered under Flexi Health Policy by Cholamandalam MS General Insurance?
Under Flexi Health Policy by Cholamandalam MS General Insurance, you can cover self, spouse, parents, children, and siblings, parents in laws. Whereas on family floater basis, a maximum of 6 members can be covered including spouse and dependent children up to the age of 25 years.
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What are the waiting periods under Flexi Health Policy offered by Cholamandalam MS General Insurance?
Flexi Health Policy by Cholamandalam MS General Insurance comes with the following waiting periods:
- General waiting period: 30 days for all illnesses (except in case of an accident or policy renewal)
- Pre-existing diseases: 36 months of continuous coverage
- Specific diseases: 2 years
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Can I avail tax benefits on the premium paid for Flexi Health Policy by Cholamandalam MS General Insurance?
Yes. You can avail tax benefits on the premium paid for Flexi Health Policy by Cholamandalam MS General Insurance, under Section 80D of the Income Tax Act, 1961.
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Will be required to undergo a pre-policy health check-up to be covered under Flexi Health Policy?
To be covered under Flexi Health Policy, there is no requirement to undergo a pre-policy health check-up, before 50 years of age.