Chola MS Individual Healthline- Standard

Objective

A basic online health insurance policy that covers hospitalisation expenses.

Suited for

It is available as an individual cover. A family can also be covered but on an individual sum insured basis.

What does it do?

This is first variant of Chola MS Individual Healthline that covers basic hospitalisation expenses if treatment is taken in a hospital as an inpatient. All the benefits under this policy are constrained to sub-limits as mentioned in policy document. It also covers day care treatment, daily cash benefit, home hospitalisation and ambulance services. Chola Wellness Services that send policy related alerts and reminders can also be added by paying an extra premium.

Pros

It can be purchased online through company's website.
It allows lifetime renewal.
Policy premium qualifies for taxation benefit under section 80D of Income Tax Act.

Cons

Each benefit is capped to some specific amount or percentage of sum insured.

Our View

It offers lifelong renewals to its policyholders. Sub-limit on room, boarding and nursing expenses act as a drawback. You can find similar policies without such cappings in the market at reasonable cost. Preference should be given to policies with least exclusions and no sub-limits.