Cholamandalam Ms vs Niva Bupa

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Overview

Chola MS General Insurance Company Limited is a Joint Venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan. Chola MS champions a brand philosophy called T3, which stands for Trust, Transparency, and Technology. Formed in 2001 by Murugappa Group (India) and Mitsui Sumitomo (Japan), Chola MS General Insurance boasts 189 branches and 30,000+ intermediaries. Driven by their T3 philosophy (Trust, Transparency, Technology), their core aim is to protect customers from rising healthcare expenses.
COMPANY DETAILS Edit

Cholamandalam Ms

Edit

Niva Bupa

Number of health insurance plans
Sum insured

Sum Insured

Up to 5 Crore

Sum Insured

Up to 1 Cr
Claim ratio

Claim Ratio

94%

Claim Ratio

98%
Network hospitals

Network Hospital

12000+

Network Hospital

10000+
Solvency Ratio

Solvency Ratio

2.18

Solvency Ratio

3.03
Pan India Presence

Pan India Presence

1500

Pan India Presence

320
Claim Form

Claim Form

Available

Claim Form

Available
Annual premium (company level)

Annual premium (company level)

1,155.97 Crore

Annual premium (company level)

6,762.23 Crore
Years in operation

Years in operation

2002

Years in operation

2008
24×7 claim support

24×7 claim support

Yes

24×7 claim support

Yes
IRDAI registration number

IRDAI registration number

123

IRDAI registration number

145
Claims settled within 3 months

Claims settled within 3 months

93.70

Claims settled within 3 months

92.4
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Cholamandalam Health Insurance

Individual and Family Health Insurance

Chola Flexi Health is an insurance plan that adapts to your life. You can personalize your sum insured, premium payment mode, and tenure under the pol...

Unique Features

  • Avail SI up to 25L
  • Medical Second Opinion
  • Compassionate Travel Cover

Chola MS Flexi Health (Pros)

Chola MS Flexi Health
  • Newborn baby cover
  • Ambulance cover
  • Recharge benefit

Chola MS Flexi Health (Cons)

Chola MS Flexi Health
  • Illegal activities
  • Alcoholism
  • Obesity
  • and cosmetic procedures

Chola MS Flexi Health (Other Benefits)

Chola MS Flexi Health
  • Medical second opinion
  • Daily care benefit
  • AYUSH coverage

Chola MS Flexi Health (Eligibility Criteria)

Chola MS Flexi Health
  • Min entry age: 18 Years
  • Max entry age: 65 Years
  • Initial Waiting Period: 30 Days
  • Sum Insured: Up to 25 L

Niva Bupa Health Insurance

Individual and Family Health Insurance

The Niva Bupa ReAssure 3.0 health plan has made it easier than ever to guarantee lifetime protection for you and your family, with a coverage limit of...

Unique Features

  • Unlimited coverage
  • High flexibility
  • Global healthcare option

Niva Bupa Reassure 3.0 (Pros)

Niva Bupa Reassure 3.0
  • Unlimited Sum Insured
  • Day 1 Pre-Existing Disease Coverage
  • Automatic Sum Insured Restoration
  • No Co-payment Clause
  • Wide Network of Hospitals
  • Flexible Premium Payment Options

Niva Bupa Reassure 3.0 (Cons)

Niva Bupa Reassure 3.0
  • No Monthly Premium Payment Option
  • Higher Premiums for Older Policyholders
  • Customer Service Response Time

Niva Bupa Reassure 3.0 (Other Benefits)

Niva Bupa Reassure 3.0
  • No Claim Bonus / Claim-Free Rewards
  • Daycare & Advanced Procedures
  • AYUSH Treatments

Niva Bupa Reassure 3.0 (Eligibility Criteria)

Niva Bupa Reassure 3.0
  • Minimum entry age: 91 days and 18 years
  • Maximum entry age: 99 years for adults
  • Covers up to 6 members
Raj Kumar

Reviewed By: Raj Kumar

With over 12 years of rich experience in the BFSI domain, with a specialisation in Life and Health Insurance, I have played a pivotal role in simplifying the insurance-buying process and delivering unparalleled service.