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Cholamandalam MS General Insurance Company Limited is owned by Murugappa Group in a combined business enterprise with Mitsui Sumitomo Insurance Group of Japan. The Murugappa Group is one of India's leading business conglomerates. The insurance company has 105 branches panning across India with over 9000 agents. It offers a wide range of products including Accident, Engineering, Health, Liability, Marine, Motor, Property, Travel and Rural insurance that address individual and corporate needs. The company aims to render its philosophy of Trust, Transparency and Technology.
In the Financial Year 2013-14, it achieved a Gross Premium of Rs. 1855 crores. In the same year it was awarded 'Health Insurer Claims Team' at the Claims Asia Awards. Other accolades garnered by the company include Innovation Leader Award 2012, 'In Time Claims Settlement for the year 2011-12' and 'Financial Insights Innovation Award' for innovation in mobile enablement. The insurance company has a vision to be the most respected company among General Insurers in India for its value creation to customers and shareholders.
Life has its way of being unpredictable. Medical emergency is one such unpredictable and unforeseen event. It can throw you off guard and threaten to ruin your financial setup. Especially in these days of sky rocketing medical costs. But planning in advance and insuring yourself and your family, will protect you from any crisis. A health insurance policy offers financial support in the testing times of hospitalization and other medical emergencies. Without worrying about managing your finances, you can concentrate on the recovery of your ailing.
Residents of India between the age of 18 and 65 can avail Chola MS Health Insurance Policy for obtaining treatment in India. It offers comprehensive health cover for hospitalization and domiciliary expenses. In case of medical emergencies you can avail cashless hospitalization at over 5000 network hospitals across the country. One of the special features of this policy is that it offers double coverage for accidents and critical illnesses under selected plans. It also provides lifetime renewal and lifetime coverage.
The coverage provided under this policy extends to domiciliary hospitalization, over 140 Day care procedures and pre and post-hospitalization expenses for 60 days and 90 days respectively. On selected plans one can access coverage for 20 main critical illnesses and unlimited room rent.
Maternity cover, new born baby hospitalization cover can be availed under certain plans. Some plans provide coverage for cost of organs in organ transplantation, implanted prosthetic devices, dressings, splints, casts, etc. You can also claim tax deduction for any payment you have made towards insurance premium. Its award winning claims handling team provides efficient and fast track claim settlement. For queries and other claims assistance, the company has a 24/7 customer support centre.
Ambulance charges as listed in the policy will be paid by the insurer in event of medical emergencies.
Cumulative Bonus can be availed for every claim free year. While renewing the policy after a claim free year you will be entitled for an increment of the sum insured.
Free medical check-up is offered for a block of claim free years.
Tax rebate for a value of Rs. 25,000 for self, spouse and dependent children and Rs. 30,000 for parents older than 60 years of age, under section 80D of the Indian Income Tax Act.
Co-payment option is available if you want to bring down your premium. Voluntary deductible should be opted to enable co-payment.
Online facilities Chola MS Health Insurance present you the option to conveniently purchase or renew your policy online at your own convenience. It also facilitates migration of your existing policy of another insurer to Chola MS. You can browse through its various plans and get an estimate of the premium on its website, to zero in on the plan suitable for you. Online payment of premium is a feature that has made it a lot simpler for policy holders. Other services include online claim intimation and digital policy document issuance.
Chola MS Health Insurance does not provide coverage under the following circumstances:
Act of war, invasion, mutiny, hostilities, martial law.
Intentional self-injury or attempted suicide.
Vaccination and inoculation unless it is part of post animal bite treatment.
Medical expenses during first 30 days of policy will not be covered, except for accident.
No cover for pre-existing conditions until 48 months of continuous coverage.
In the fast paced scenario of today's life, we seldom give thought to our wellness. Unhealthy eating habits and sedentary lifestyle choices add to the woe of deteriorating health conditions. To combat these problems, Chola MS presents Chola Wellness Health Alerts service. It is a SMS service which keeps tabs on your health with reminders for taking medicines on time, scheduled doctor appointments and health tips. It is absolutely free for 1 member under each policy, however you can add more members at an extra charge. This feature is an added bonus of Chola MS Health Insurance.
Chola MS offers various plans that provide comprehensive cover for individuals as well as families. Under some policies family floater benefit extends to self, spouse, dependent children, dependent parents, parents-in-law and siblings on individual sum insured basis. Some of its health insurance products are Chola Healthline, Chola Swasth Parivar Insurance, Chola Tax Plus Healthline, Chola MS Family Healthline Insurance, Individual Healthline Insurance, Chola Top Up Healthline, Chola MS Critical Healthline Insurance, Chola Hospital Cash Healthline, Chola Classic Health - Individual, Chola Classic Health Family Floater.
Chola Healthline offers comprehensive coverage for individuals as well as families. Floater sum insured option is also available. There are 4 different plans under this policy.
This policy offers premium at economical rates. It has 2 plans with flexible sum insured options. It includes hospitalization cover and personal accident cover.
This policy is designed to include non-hospitalization expenses including OPD expenses. It comes with fixed premium options and floater sum insured feature. It covers medical expenses of proposer, proposer's spouse and dependent children aged between 3 months to 35 years.
Chola MS Family Healthline Insurance offers floater sum insured up to Rs. 15 lakhs. It comprehensive cover for both Allopathy and Ayurvedic medical treatments. The coverage under this policy extends to maternity, out-patient dental treatments in addition to hospitalization expenses.
This policy facilitates free health check up once in every two claim free years. No third party administrators are involved in claims settlements. Sum insured can be availed up to Rs. 10 lakh per person.
This is a topup plan designed to cover higher medical expenses. The policy period can be chosen from the tenure options of 1, 2 or 3 years. It also offers a grace period of 30 days for renewals.
This policy makes a lump sum payment on diagnosis of listed critical illnesses. It covers up to 12 major illnesses.
In case of hospitalization daily cash allowance up to Rs. 3000 can be availed. It offers double benefit for the period of ICU confinement.
Under this policy, no medical check-up is required till 45 years of age. The sum insured ranges between Rs. 50,000 and Rs. 10,00,000.
Keep your family safe and healthy with comprehensive cover for your entire family with a single sum insured. You can make cashless claims and reimbursement claims through the company's in-house claims handling team.
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