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Cholamandalam Health Insurance Plans Overview

Cholamandalam health insurance offers 7 health insurance plans. The premium of these plans starts from Rs. 180/yr. The sum insured ranges from Rs. 1,000 - 25 Lakh. Details of the comprehensive coverage provided by the following 7 Cholamandalam health insurance plans are listed below:

Chola Arogya Sanjeevani Plan

Starting Premium- ₹ 1,482/yr

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

Eligible Age

91 days - 65 years

PED Waiting Period

2 years

Coverage

1 Lakh - 10 Lakh

NCB

5% increase in cover;max upto 50%

Chola Covid 19 Plan

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

Eligible Age

90 days - 65 years

PED Waiting Period

3 years

Coverage

10,000 - 50,000

NCB

NA

Chola Healthline Plan

Starting Premium- ₹ 1,957/yr

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

Eligible Age

91 days - 65 years

PED Waiting Period

4 years

Coverage

2 Lakh - 25 Lakh

NCB

5% increase in cover;max upto 50%

Cholamandalam Top-up Plans

Cholamandalam health insurance provides 1 top-up plan. The premium of these top-up plans start from Rs. 1,452/yr. The sum insured ranges from Rs. 3 Lakh - 25 Lakh. Cholamandalam top-up plans provide enhanced coverage and added protection for your well-being. Explore the details of each Cholamandalam top-up insurance policy below:

Chola Super Top-up Healthline Plan

Starting Premium- ₹ 1,452/yr

This is a supplemental health insurance plan which comes with a deductible limit. If the total claims of a policy year exceed the deductible limit that you have selected, the super top-up policy would pay the exceeding claim. For instance, if the deductible limit is INR 2 lakhs and you incur two claims of INR 1 lakh and INR 1.5 lakhs in a policy year, the super top-up plan would become effective in the second claim and pay a claim of up to INR 50,000. Other features of this policy are as follows

  1. You can buy the policy on an individual sum insured or on a floater sum insured basis
  2. There are two coverage options under the plan – Premier Plan and Supreme Plan
  3. There are a range of sum insured and deductible options available under both plan variants for you to select from
  4. There is no maximum cover ceasing age even for children
  5. There are more than 7760 cashless hospitals across India at which you can avail cashless settlements
  6. If three or more family members are added to the coverage, you get a premium discount ranging from 5% to 10%
  7. You get a premium discount of 6% for a two-year cover and 12% for choosing a three-year coverage
  8. If you buy the policy online from the company’s website, another 10% premium discount would be available
  9. AYUSH treatments are also covered under the plan

Eligible Age

91 days - 70 years

PED Waiting Period

4 years

Coverage

3 Lakh - 25 Lakh

NCB

NA

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FAQs

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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