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Is Cholamandalam MS Health Insurance Good?

Published On Jul 09, 2022

Health insurance by Cholamandalam is very popular amongst their customer base due to their high level of customer satisfaction through optimized operational processes and innovative vision. The company has over 90 centres PAN India and an agent network that is 7000 strong. Cholamandalam also offers a spectrum of health insurance policies.

Features of Cholamandalam Health Insurance

  • No. of members- The plan covers maximum 5 members of your family with up to 3 children and 2 adults.
  • Lifelong Renewal– The plans offered are lifelong renewable, hence it saves you from the financial burden and stress caused by a medical emergency and keeps you well prepared to handle any situation.
  • Room Rent– If your sum insured is Rs.3/4/5 lakh then an AC room would be charged up to 3000 per day.
  • Pre & Post hospitalization cover- The plan covers medical expenses for 60 days prior to hospitalization and 90 days post hospitalization only for related medical expenses.
  • Health Check-ups– All insured would get free health checkup for 2 claim-free years.
  • Pre-existing diseases- Pre-existing diseases are covered after 4 years of waiting period.
  • Co-payment- The plan has no co-payment policy.

Benefits of Buying a Health Insurance from Cholamandalam Health Insurance

  • Cashless Treatment: Provides a network of hospitals, where you can avail cashless treatment facilities.
  • Cumulative Bonus: If no claims are made on the health cover in a particular year, you will be entitled for special benefits through an increment in the sum insured when you renew the policy the following year.
  • Tax Benefits: When you pay the premium for your health insurance policy, you are liable to get a tax rebate under section 80D of the Income Tax Act for a maximum value of Rs.25,000 for normal and Rs.30,000 for senior citizens.
  • Incurred Claim Ratio: The incurred claim settlement ratio of Cholamandalam Health Insurance for F.Y.2018-19 is 35%.


Chola MS Health Insurance offers wide-ranging health coverage that takes care of your overheads associated with hospitalization and domiciliary to facilitate the enhanced financial health in the course of an unexpected medical exigency. With 105 branches and over 9000 agents across the country, the company claims user-friendliness and unswerving customer service. With diverse coverage plans suiting every individual, Chola MS undeniably has potential to be ranked as one of the best health plans. 

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This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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