Chola MS Individual Healthline - Standard

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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)
Minimum		18; 3 months for children
Maximum		65; 35 years for dependent female child and 25 years for dependent male child
Maximum Policy Renewal Age (years)		Lifetime
Coverage Type		Individual/ family
Policy Term (years)		1
Sum Insured (Rs)
Maximum		5 lakh
Minimum		3 lakh
No Claim Bonus		5% of Sum Insured for each claim free year
Pre Policy Medical Check Up		Not required upto 55 years of age
Customer Service
Address		Registered Office:Cholamandalam MS, General Insurance Company Ltd, 2nd Floor, "Dare House", No.2, NSC Bose Road, Chennai - 600001, India
Mail to		customercare@cholams.murugappa.com
Call to		044-3044 5400, 1800-200-5544 (Toll Free)
SMS		SMS "CHOLA" to 56677
Network Hospitals		Http://www.cholainsurance.com/nwhosp/

 

	Scope Of Cover
Cashless facility		available at network hospital
Reimbursement facility		available if treatment taken in an non-network hospital.
Pre and post hospitalisation		covered from 60 days prior to hospitalisation and upto 90 days after discharge from hospital
Inpatient hospitalisation		covered with sub-limits on certain treatments
Room, Boarding & Nursing Expenses		Sum 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 Procedures		141 in number are covered
Daily Cash for choosing shared accommodation		Rs 250 / day for a maximum of 7 days with 1 day deductible
General Health Check up & Eye Examination		covered
Emergency ambulance		Rs 1000 per insured per policy year

 

	Exclusions and Waiting Period
Pre-existing diseases		not covered upto 48 months of continuous coverage from first policy year
No claim Period		30 days from commencement of the policy
Waiting period		Certain 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.

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