Chola MS Flexi Health Policy

Chola MS Flexi Health Policy benefits

• Key highlights

  Key Benefits	Flexible Premium Payment options
  	Flexible Sum Insured options: Rs. 1/ 2 / 3 / 5 / 7.5 / 10 / 15 / 20 / 25 Lakhs
  	Location based premium rating
  	Coverage on Individual and Family floater basis
  	Sum Insured Restoration up to 100%
  	Recharge Benefit
  	Additional Sum Insured for Road Traffic Accidents
  	Daily Cash Benefit for accompanying person expenses
  	Waiting period of only 36 months for Pre-existing conditions/Disease
  	Tax Exemption under Section 80D of Income Tax Act
  	Cashless facility at over 8100+ network hospitals
  	No Third Party Administrator. Direct Claim settlement
  	Lifelong Renewability
  Policy Term	One/Two/Three Years
  Tenure based discount
  Policy Term	Long Term Discount for Single Premium payment
  2 Year	5.00%
  3 Year	10.00%
  Premium Payment:
  Easy Premium payment options to customer	Single Premium payment prior to commencement date of cover
  	Monthly Payment Mode
  	Quarterly Payment Mode
  	Half-Yearly Payment Mode
  	Annual Payment Mode
  Pre Policy Health Check up	Applicable for persons above 50 years of age
  Entry Age	Adult – 18 to 65 Years
  	Children – 03 months to 26 years
  Premium based on Location	Tier 1 Locations: Mumbai, Chennai, Bengaluru, Kolkotta, New Delhi, Gurgaon, Hyderabad, Ahmedabad
  	Tier 2 Locations: Rest of India excluding Tier 1 Locations
  Coverage Options
  Individual Cover	Insured can avail cover for all family members (Self, Spouse, Children, Parents, Parents in Laws and Siblings) on Individual Sum Insured Basis.
  	Each covered person will have an independent Sum Insured limit within the same policy.
  Family Floater Cover	Self, Spouse and Children upto a maximum of 6 members can be covered on Family Floater basis.
  	Single Sum insured floats among the family members covered under the policy.
  	Coverage of Self is mandatory

• Eligibility of Chola MS Flexi Health Policy

  • Adult – 18 to 65 Years
  • Children – 03 months to 26 years

• Key features of Chola MS Flexi Health Policy

  • Hospitalisation Expenses:
    Pre-Hospitalisation Expenses: Up to 30 days
    Post-Hospitalisation Expenses: Up to 60 days
  • Flexible Sum Insured options: Rs. 1/ 2 / 3 / 5 / 7.5 / 10 / 15 / 20 / 25 Lakhs
  • Location based premium rating
  • Coverage on Individual and Family floater basis
  • Sum Insured Restoration up to 100%
  • Emergency Ambulance Expenses:Up to 1% of SI subject to a maximum of 2,000/- per hospitalisation
  • New Born Baby Cover:Coverage from day one subject to mother being covered under the policy for 12 months continuously from policy commencement date
  • Daily Care Benefit:Daily benefit of `500/- per day towards accompanying person expenses, up to a maximum of 10 days per policy period
  • Daily Cash Benefit for accompanying person expenses
  • Compassionate Travel
  • Medical Second Opinion:Reimbursement of cost of obtaining Specialist Medical Opinion up to a maximum of Rs.25,000/-
    Payment of this benefit is subject to admissibility of claim under Base Cover
  • Cashless facility at over 8100+ network hospitals
  • Waiting period of only 36 months for Pre-existing conditions/Disease
  • Lifelong Renewability
  • Tax Exemption under Section 80D of Income Tax Act

• How can one buy the Chola MS Flexi Health Policy?

  Perhaps the easiest way to purchase a Flexi Health insurance policy will be online because the IRDAI has allowed insurance companies to issue the Flexi Health electronically to the policyholders. This means that the insurance company can only share a online pdf document as an insurance policy to the insured unlike all other insurance plans currently in the Indian market. The simple process to be followed is:
  • Go online to a comparison website likeeindiainsurance
  • Compare the quotes across all the insurance companies – Importantly since all insurance companies, will be offering exactly the same set of benefits for this plan, the individual can compare the premiums and also review the financial parameters of the insurance company while making a final decision
  • Fill up the Flexi Health proposal form of the respective insurance company
  • Make a payment directly online through the payment gateway and then the policy will get issued by the respective insurance company
  
  Moreover, the IRDAI has also directed all health insurance companies to provide a certificate of insurance to each policyholder for the benefits, terms and conditions of their Flexi Health policy.
  
  

• Chola MS travel insurance - Claim Process

  Assistance Contact Numbers :
  Call at: Toll Free 1800 208 5544
  Email ID:customercare@Cholams.murugappa.com
  Write to: Chola MS HELP – Health Claims Department
  Chola MS MS General Insurance Company Limited
  Shaw Wallace Building, Old No.154, New No.319, 2nd Floor
  Thambu Chetty Street, Parrys Corner, Chennai 600 001
  
  

• Exclusions under the Chola MS Flexi Health Insurance Plan

  • Initial Waiting Period: 30 days for all illnesses (not applicable on renewal and for accidents)
  • Pre-Existing Disease (PED): Benefits not available for any pre-existing condition(s) until 36 consecutive months of continuous coverage
  • Waiting period of 2 years for treatment of listed diseases
  • Any act of intentional self-injury or attempted suicide
  • Vaccination or inoculation unless forming a part of post-animal bite treatment
  • War, hostilities whether war declared or not
  Please review the Terms & Conditions/Policy Wordings for the complete list of exclusions under the Flexi Health policy.