Chola MS General Insurance Company
Cholamandalam Health Insurance is a part of Cholamandalam MS General Insurance Company, a collaboration between two leading companies: the Chennai-based Murugappa Group and the Japanese Insurance giant Mitsui Sumitomo Insurance Company. The Japanese Insurance giant is the third-largest property insurance company in Japan. With a deep focus on providing the best health insurance products, Cholamandalam Health Insurance is a key player in the industry.
Highlights
of Chola MS General Insurance Company
Compare Top Health Plans from Chola MS General Insurance Company
The Cholamandalam Health Insurance plans are designed to cover the insured against a wide array of medical and health emergencies. Below are some Cholamandalam Health Insurance plans sold by the company:
Flexi Health
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Arogya Sanjeevani Policy
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Chola Healthline
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Recharge
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Restore
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Pre-Policy Check-up
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Flexible Payment Option
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AYUSH
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Individual/Family Floater
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Lifetime renewability
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Day Care Treatment
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Features
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Recharge
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Restore
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Pre-Policy Check-up
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Flexible Payment Option
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AYUSH
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Individual/Family Floater
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Lifetime renewability
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Day Care Treatment
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Awards and accolades won by Chola MS General Insurance company
Since its inception, Cholamandalam Health Insurance Company has been serving policyholders with iconic health products. Its strength lies in settling cashless or reimbursement claims promptly.
In 2024, Cholamandalam was honoured with the award titled Iconic Brands of India.
The World HRD Congress and World Leadership Congress awarded the Cholamandalam MS with Tamil Nadu’s Best Employer 2024 award.
At the 16th Edition of the Mint Annual BFSI Summit & Awards 2023, the title of Best Mid-Size General Insurer was conferred upon the company.
Key Highlights of Chola MS General Insurance Company
Some key highlights of Cholamandalam Health Insurance company are as follows:
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Key Features |
Specifications |
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Network Hospitals Available |
12000+
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Waiting Period (Pre-existing Ailments) |
3 years
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Claims Settlement Ratio |
94.5% (for FY 2023-2024)
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Lives Covered |
20 lakhs since inception
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Covid-19 cover |
Yes
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Renewability |
Lifelong
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Claims Settled |
1,27,000+ (FY 2023-24)
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Features of Chola MS General Insurance plans
Below are some features available under Chola MS Health Insurance policies –
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Features |
Meaning |
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In Patient Hospitalisation Expenses |
It is called inpatient hospitalization when a patient is hospitalized for 24 hours or more. In such cases, the costs of hospitalization and the associated treatments are covered by the policy
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Pre-hospitalization cover |
The medical costs that the insured incurs before he/she is admitted to the hospital are covered under this benefit for a specific number of days depending on the plan
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Post-hospitalization cover |
Post-hospitalization costs are the medical expenses that the insured incurs after getting discharged from the hospital for a specific number of days after discharge
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Day-care cover |
Some medical procedures do not need 24-hour hospitalization. Such treatments are called daycare treatments and they are covered under the scope of the policy
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Ambulance cover |
For ambulance services to reach the hospital to admit the insured is covered up to specified limits
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Domiciliary cover |
When the insured receives treatment at home (hospitalized at home) because of the non-availability of hospital beds or if the person cannot be transferred to the hospital, it is called domiciliary hospitalization. Such hospitalization is covered under the plan
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Organ donor cover |
This benefit covers the costs incurred on the hospitalization of the donor donating an organ to the insured. The cost of harvesting the organ if you need an organ transplant surgery is covered under the plan
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Free health check-ups |
Chola MS health insurance plans allow free health check-ups regularly to ensure that you can monitor your health
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Exclusions in Chola MS General Insurance plans
Below are some common policy exclusions of Chola MS Health Insurance Plans. Most of the Chola MS health policies do not cover the below features:
PED or Pre-existing conditions are covered after the specific waiting period.
All Chola MS plans have a 30-day waiting period from the start of the policy during which illnesses are not covered, except accidental cases
Criminal acts, illegal acts, hazardous acts, etc. are not covered
Obesity-related treatments are not covered
Cosmetic or plastic surgeries are not covered
Hazardous adventure sports are not covered
Expenses due to conditions caused by the breaching of law are not covered
Claims due to war, civil commotion, nuclear perils, etc. are excluded.
Health insurance plans offered by Chola MS
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
- Lifetime renewability option available.
- Sum insured available between 1 Lakh - 25 Lakh rupees.
- Wide coverage on medical costs.
- Policy duration is for 1/2/3 years.
- Plan available as family floater and individual policy types.
- Location discount of 10% available for women hailing from Tier 2 locations depending on the premium amount.
- Long policy term discount is also available
This Chola MS Group health insurance policy is available under the following plan types:
- Standard plan
- Superior plan
- Advanced plan
Basic features:
Min. entry age - 18 years (adults), 3 months (children)
Max. entry age - 65 years
Medical test - is needed for people who are 55 years and above
Plan Basis - It is a family floater plan that covers self, spouse, and dependent children
Sum Assured
For standard plan - 2 lakh - 5 lakhs rupees
Superior plan - 4 lakh - 10 lakhs rupees
Advanced plan - 6 lakh - 12 lakhs rupees
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
Eligibility conditions
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Entry Age |
18 years (adults), 90 days (children)
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Maximum entry age |
65 years (adults), 26 years (children)
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Sum Insured |
INR 1 lakh – INR 25 lakh
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Policy Term |
1 year – 3 years
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Pre-existing Diseases (PED) Waiting Period |
up to 48 months
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Number of family members covered |
Self, spouse, dependent children, parents, in-laws, and siblings (depending on plan)
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How to buy Chola MS General Insurance Plan?
Go to the official portal of Cholamandalam Health Insurance. Go to “Health Insurance” and select your preferred plan. Answer a few questions about the policy seeker and submit.
Or visit the Paybima portal and select Health Insurance from the options available.
Visit the Paybima homepage and click on the ‘Health Insurance’ tab in the dropdown menu.
Fill in your required details and request a callback.
A Paybima representative will help you buy the most suitable plan.
You may also reach us at 1800 267 67 67 from 10 AM to 7 PM, or
You can visit a Paybima branch near you.
What is the Process for Filing a Claim for Chola MS General Insurance Plan?
To File a Cholamandalam Health Insurance claim, the insured can use both cashless and reimbursement methods.
Guaranteed Claim Support
Start your claim process with us to get our support
Review of Chola MS General Insurance Company
Chola MS health insurance offers a wide range of individual and family health plans to choose from making it an effective insurer. The family plans are especially beneficial as some of the plans cover your entire family including siblings to allow maximum coverage.
Chola MS health plans cover a gamut of premium features and benefits making it comprehensive yet affordable for common people.
Chola MS plans offer excellent customer service, impressive cover, and easy-on-pocket premium making them the most viable online health plans.
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