Cholamandalam Health Insurance is a part of the Cholamandalam MS General Insurance Company, which is a collaboration of two companies namely, Chennai based Murugappa Group which is India’s major industrial houses, and Japanese Insurance giant Mitsui Sumitomo Insurance Company. The Japanese Insurance giant is the third largest property insurance company in Japan.
Claim settlement ratio 97%
NCB* 50%, up to 100% of SI*
PED Waiting# 48 months
Network Hospital 10000+
Paybima's Right Advisor = Expert Solutions
| Cholamandalam Health Insurance Plan(s) | Plan Type | Entry Age | |
|---|---|---|---|
| Flexi Health (Supreme) | Plan Type : Base Product | Entry Age : Adults: 18 - 75 Years years | Children: 3 months - 26 years |
| Key Features | Specifications |
| Network Hospitals Available | 8000+ |
| Waiting Period (Pre-existing Ailments) | 3 years |
| Claims Settlement Ratio | 56.25% |
| Policies Issued | 1,03,232 |
| Covid-19 cover | Yes |
| Renewability | Lifelong |
* Year Data 2019-20
Chola MS Health Insurance company has received numerous awards and accolades, some of which are mentioned below:
Here are some of the benefits of Cholamandalam Health Insurance
>> Buy Individual Health Insurance Online
Here are some of the top Cholamandalam Health Insurance Plans:
This Chola health insurance plan for women is designed to offer extensive coverage to the insured. The plan covers hospitalization costs during emergencies. Maternity coverage is also available under four of its variants. This plan is regarded as ideal for women because of its numerous benefits and features. This Cholamandalam mediclaim policy also offer compensation for newborn hospitalization costs. This is an ultimate savior plan to serve women at the time of health emergencies.
Entry age – 90 days minimum and 65 years maximum age of entry
Key Features
This Chola MS Group health insurance policy is available under the following plan types:
Basic features:
Sum Assured
Premium – generally depends on the age of the oldest family member to be insured as well as other factors like sum assured, insurance plan, members covered and so on.
Co-Payment – 10% discount on premiums
Below steps can be followed to purchase Cholamandalam health insurance policy online:
Below are the steps to be followed for Cholamandalam Health Insurance renewal:
To File a Cholamandalam Health Insurance claim, the insured can use both cashless and reimbursement methods.
Cashless Claims
Reimbursement Claims
The ratio of claims that are settled by an insurer during a policy year as against the complete claims that the insurer receives during the year is called Claim Settlement Ratio.
The claim settlement ratio of Cholamandalam health insurance for the financial year 2017-18 was 56.25%.
Benefits include:
# 24/7 customer support service
# cashless hospitalization at network hospital
# coverage against critical diseases
# Claim process is quick and hassle-free
# Coverage benefits like daycare procedure
# Hospital daily cash coverage
# domiciliary hospitalization coverage etc.
# Individual and Family Floater plans available
# 100% restoration of Sum Insured
# Coverage for AYUSH treatment
# Additional Sum Insured against Road Accidents
# Medical Second Opinion coverage
# Free health check-up after two claim-free years
Cashless Claims
# Call at the insurer's help desk at 1800-208-5544.
# For emergency treatment call within 48 hours.
# For planned treatment call 72 hours before hospitalization.
# Show policy card and valid photo id
# Submit Policy number, policyholder's name, hospitalization time and date, location, medical condition and contact details.
# Get admission in a network hospital.
# Collect and fill the Pre-Authorization form at hospital helpdesk.
# The form will be sent to insurer for verification.
# The insurer will verify required documents before approval.
# The insurer will approve the bill according to company terms and conditions
Some insurance policies offered by the Cholamandalam Insurance Company are:
1. Car insurance
2. Bike insurance
3. Health insurance
4. Travel Insurance etc.
Below are the steps:
# Go to the website of Cholamandalam Insurance.
# Click on ‘Renew’ on the home page.
# Submit policy details. Now, click on the tab ‘Renew’.
# Choose the quote that suits you aptly.
# Make the payment online.
# Your policy is renewed.
Below are the required documents:
> submit duly filled and signed claim form
> Submit doctor's prescription
> Summary of discharge given by the hospital
> Original copy of final hospital bill, medical bill
> Report of medical investigation
> Other bills required
> MLC and FIR copy (in case of accident)
> Copy of cancelled cheque
* The accumulated cumulative bonus or the NCB shall not exceed 100% of the Sum Insured on the Renewed Policy as specified in the policy terms.
# Ailments diagnosed within 48 months before policy issuance date or any medical treatment received within 48 months before the issue date of policy
