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Cholamandalam Claim Settlement Ratio




Industry Average

Health claim settlement ratio is the percentage of claims settled against the total claims received by the insurance company in a given fiscal year. Cholamandalam has a claim settlement ratio of 95%, as compared to the industry average of 94.21%.

Cholamandalam Claim Process

Cholamandalam supports both cashless claims and reimbursement claims. This section covers the information on how to check Cholamandalam health insurance claim status, fill Cholamandalam health insurance claim form, and the claim settlement process.

  1. Locate a network hospital : Find out Locate a network hospital
  2. Claim Intimation :Inform about the claim before hospitalization by filling the form here or calling customer care at 1800-208-9100
  3. Avail Cashless : Avail cashless by informing hospital insurance desk about your health insurance policy in advance before admission. Keep your policy copy and photo ID proof ready
  4. Pre authorization request : Hospital should share the pre authorization form with us within 24 hrs of admission. The form must be duly filled by the policyholder and the physician. View the form here
  5. Pre authorization/ Initial approval :We will scrutinize the documents and give pre-authorization/ initial approval if the claim is admissible within 2 hrs. We might contact the hospital if any additional details are required
  6. Final claim request during discharge: Hospital will share discharge documents and bills with us for final approval
  7. Final claim approval : We will scrutinize the documents and give final approval along with the approved amount within 2 hrs. Any inadmissible expenses, copayments, deductions will have to be paid by the policy holder

  1. Claim Intimation : Inform Chola MS about the claim before admission by filling the form here or calling customer care at 1800-208-9100
  2. Claim registration : Scan and upload all claim documents (bill, reports etc.) within 30 days of discharge here.Please ensure the documents are self-attested by customer
  3. Claim approval : Chola MS will scrutinize the documents and give approval within 7 working days. Chola MS might contact the customer if any additional details or documents are required
  4. Claim Settlement : Chola MS will make the payment through NEFT on claim approval and receipt of all documents

Cholamandalam Premium Calculator

Use the Cholamandalam health insurance premium calculator to estimate your health insurance premiums.

Premium Calculator

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The premiums paid for health insurance plans are allowed as a deduction under Section 80D of the Income Tax Act. The limit of deduction is INR 25,000 for premiums paid for yourself, your spouse and dependent children. If you get your dependent parents covered, you can claim an additional deduction of INR 25,000. The limit increases to INR 50,000 if you and/or your parents are senior citizens. Thus, a total deduction of up to INR 1 lakh can be claimed on health insurance premiums

Yes, some Cholamandalam health insurance plans allow coverage for dependent siblings too. Check the plan’s terms and conditions if you want to cover your siblings under the policy

If you buy long term health insurance plans you get freedom from annual renewals of the policy. Moreover, you can enjoy longer coverage without the fear of lapse. Lastly, Cholamandalam health insurance plans also allow attractive premium discounts if the coverage is taken for a continuous period of 2 or 3 years.
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