Chola MS Individual Healthline - Superior

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Chola MS Individual Healthline- Superior

	Objective			An online health insurance policy that covers hoapitalisation expenses and maternity expenses as well.
Suited for			This policy is useful for young individuals females as it covers maternity expenses as well.
What does it do?			This is the second variant of this policy. Besides hospitalization expenses it will cover maternity expenses after a waiting period of five years. 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			This is a decent policy. Capping on room rent and boarding expenses is a drawback. This policy is meant for young females who have time to plan their babies as it covers maternity expenses after a waiting period of five continuous policy years.
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		10 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		AC single room up to Rs3000 per day
Day Care Procedures		141 in number are covered
Daily Cash for choosing shared accommodation		Rs 500 / day for a maximum of 7 days with 1 day deductible
General Health Check up & Eye Examination		covered
Emergency ambulance		Rs 2000 per insured per policy year
Minor Accompaniment Daily Cash		RS250 / day for a maximum of 7 days with 1 day deductible
Home Hospitalization		15% of SI (Maximum of Rs 70,000)
Maternity Expenses		Rs15,000 for normal & Rs 25,000 for caesarean

 

	Exclusions and Waiting Period
Pre-existing diseases		not covered uto 48 months of continuous coverage from first policy year
No claim Period		30 days from commencement of the policy
Waiting period		Maternity expenses will be covered after a waiting period of five years.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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