Is Cholamandalam MS Health Insurance Good?

Cholamandalam MS Health Insurance is very popular amongst its customer base due to its high level of customer satisfaction through optimized operational processes and innovative vision. This Health Insurance company has over 90 centers in PAN India and an agent network that is 7000 strong. Cholamandalam also offers a spectrum of health insurance policies.

Features of Cholamandalam Health Insurance

• No. of members- The plan covers a maximum of 5 members of your family with up to 3 children and 2 adults.
• Lifelong Renewal– The Cholamandalam health insurance plans offered are lifelong renewable, hence it saves you from the financial burden and stress caused by a medical emergency and keeps you well prepared to handle any situation.
• Room Rent– If your sum insured is Rs.3/4/5 lakh then an AC room would be charged up to 3000 per day.
• Pre & Post-hospitalization cover- The plan covers medical expenses for 60 days prior to hospitalization and 90 days post-hospitalization only for related medical expenses.
• Health Check-ups– All insured would get free health checkups for 2 claim-free years.
• Pre-existing diseases- Pre-existing diseases are covered after a 4-year waiting period.
• Co-payment- The plan has no co-payment policy.

Benefits of Buying Health Insurance from Cholamandalam Health Insurance

• Cashless Treatment: Provides a network of hospitals, where you can avail of cashless treatment facilities.
• Cumulative Bonus: If no claims are made on the health cover in a particular year, you will be entitled to special benefits through an increment in the sum insured when you renew the policy the following year.
• Tax Benefits: When you pay the premium for your health insurance policy, you are liable to get a tax rebate under section 80D of the Income Tax Act for a maximum value of Rs.25,000 for normal and Rs.30,000 for senior citizens.
• Incurred Claim Ratio: The incurred claim settlement ratio of Cholamandalam Health Insurance for FY 2018-19 is 35%.

Conclusion

Chola MS Health Insurance offers wide-ranging health coverage that takes care of your overheads associated with hospitalization and domiciliary to facilitate enhanced financial health in the course of an unexpected medical exigency. With 105 branches and over 9000 agents across the country, the company claims user-friendliness and unswerving customer service. With diverse coverage plans suiting every individual, Chola MS undeniably has the potential to be ranked as one of the best plans.

Also read: How to cancel Manipal Cigna Health insurance policy

Which health insurance rebranded itself as care health insurance