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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.

Eligibility
Entry Age (years) 
Minimum18; 3 months for children
Maximum65; 35 years for dependent female child and 25 years for dependent male child
Maximum Policy Renewal Age (years)Lifetime
Coverage TypeIndividual/ family
Sum Insured (Rs) 
Maximum5 lakh
Minimum3 lakh
Policy Term (years)1
No Claim Bonus5% of Sum Insured for each claim free year
Pre Policy Medical Check UpNot required upto 55 years of age
Customer Service 
AddressRegistered Office:Cholamandalam MS,
General Insurance
Company Ltd,
2nd Floor, "Dare House",
No.2, NSC Bose Road,
Chennai - 600001, India
Mail to[email protected]
Call to044-3044 5400, 1800-200-5544 (Toll Free)
SMSSMS "CHOLA" to 56677
Network HospitalsHttp://www.cholainsurance.com/nwhosp/
Additions to the Plan
Scope Of Cover
Cashless facilityavailable at network hospital
Reimbursement facilityavailable if treatment taken in an non-network hospital.
Pre and post hospitalisationcovered from 60 days prior to hospitalisation and upto 90 days after discharge from hospital
Inpatient hospitalisationcovered with sub-limits on certain treatments
Room, Boarding & Nursing ExpensesSum Insured Rs 1 lakh: Non AC room up to Rs1000 per day; Sum Insured 2, 3, 4 & 5 Lakhs -AC single room up to Rs 3000 per day
Day Care Procedures141 in number are covered
Daily Cash for choosing shared accommodationRs 250 / day for a maximum of 7 days with 1 day deductible
General Health Check up & Eye Examinationcovered
Emergency ambulanceRs 1000 per insured per policy year
Exclusions and Waiting Period
Pre-existing diseasesnot covered upto 48 months of continuous coverage from first policy year
No claim Period30 days from commencement of the policy
Waiting periodCertain illnesses such as cataract, hernia, sinusitis etc. will be covered after one year from commencement of the insurance policy.Certain illnesses such as spondilitis, heart disease, gout & rheumatism etc. after 2 years have elapsed since inception of the policy.
Annual Premium
Age (in years)Sum Insured (in Rs)
2 lakh3 lakh4 lakh5 lakh
2 Adults
18-355202640474088281
36-458237103941087812886
46-5011132152351798820927
51-5515773203092406627302
56-6021847279603301837372
61-6526853345444090346372
66-7041100532816334071983
2 Adults + 1 Kid
18-355711707382099500
36-458546108001267515321
46-5013393171752031124707
51-5516242209252480230247
56-6023962307423634842123
61-6530190389334615853570
66-7044044571526797479036
2 Adults + 2 Kids
18-3572379080981111328
36-4510258130521537017373
46-5015527199822299227542
51-5520455264643143635714
56-6029251376954467450676
61-6538868503445982167965
66-70577817521589603101958
2 Adults + 3 Kids
18-359442119791408315900
36-4513420172102136024209
46-5019294249363355641517
51-5527476367234371849733
56-6039826516026132669680
61-6549549643897663787157
66-707151893280111232126644
2 Adults + 1 Kid
18-355117629272758128
36-4566928362975510964
46-5010505133781576417825
51-5513434172312038123097
56-6019732251792968833571
61-6525518327883880143974
66-7038157494105870566694
1 Adult + 2 Kids
18-3562197435864310003
36-458308100041172013655
46-5010819137901625818389
51-5514994192832283725901
56-6021847279603301837372
61-6528188362994300548772
66-7040119519916179570220
1 Adult + 3 Kids
18-3567288545997213157
36-459783118951398518398
46-5015841203952416627415
51-5519674254383020734312
56-6027347351924167747254
61-6534195442005246459567
66-7049931648937724487852
Premiums are exclusive of service tax and cess

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