Cholamandalam Insurance Plans

Cholamandalam Accident Protection Plan

Cholamandalam Personal Accident Insurance offers coverage from death, physical injury and body burns due to accidents. Personal accident insurance from Cholamandalam protects you from sudden economic burden and offers powerful security and coverage. It offers coverage for you and your family.
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Cholamandalam Health Insurance review

Cholamandalam Health Insurance
Chola Health Insurance sum insured
2 lacs − 25 lacs options available
Incurred Claims Ratio *
35.00%
Chola Health Insurance tenure options
1,2,3 years options available
Claims Settlement Ratio **
73.87%
List of network hospitals
6,500+ hospitals
Number of policies issued *
103,232
Maximum family floater coverage
Self, Spouse + 4 dependent children
Number of lives covered *
1,806,000
* As per IRDAI report for 2018-19   |   ** As per NL25 data published on the Insurance Company website

Cholamandalam Personal Accident Insurance Benefits

  • Benefits
  • Coverage

Benefits of Chola Personal Accident Insurance

  • Weekly Compensation: Compensates for loss of income due to an accident-related disability.
  • Broken Bones: Fixed compensation owing to an injury in the case of bone fracture.
  • Modification of Residences / Vehicle: In the case of permanent total disability, we will reimburse the costs incurred to modify housing or own car housing.
  • Family Transportation Benefit Covers: Expenses for the family member's transportation to the place of the Accidental Death / Permanent Total Disability insured incase.
  • Fee for Private tuition: Compensation for tuition fees if an accidental injury prevents the insured from attending school / college.
  • Hospital Daily Cash: Provides daily hospitalization allowance owing to an accident.
  • Repatriation of Mortal Remains from the accident site to hospital, residence or cremation ground.
  • Cost of Cremation Ceremony to perform religious ceremonies up to the time of or post-cremation.

Personal Accident Coverage

  • Accidental Death: In case of death of the insured due to an accident within the policy period, the nominee (mentioned in the policy) is compensated with the Sum Insured.
  • Permanent Total Disability:In the event of accidental injury, causing the insured Permanent Total Disability and such disability has continued for twelve (12) consecutive months, the company will pay the insured the percentage of sum insured as mentioned in the table below:
Benefits Percentage of Capital Sum Insured
Loss of sight of both eyes 100%
Loss of two entire hands or two entire feet 100%
Loss of one entire hand and one entire foot 100%
Loss of sight of one eye and such loss of one entire foot, or hand 100%
Complete loss of hearing of both ears and complete loss of speech 100%
Complete loss of hearing in both ears or complete loss of speech and loss of one limb or loss of sight of one eye 100%
  • Permanent Partial Disability: In the event of accidental injury, causing the insured Permanent Partial Disability and such disability has continued for twelve (12) consecutive months, the company will pay the insured the percentage of sum insured as mentioned in the table below:
Benefits Percentage of Principal Sum
Loss of toes: all
Great: both phalanges
Great: one phalanx
Other than great, if more than one toe lost, each
20%
05%
02%
02%
Loss of hearing - both ears 60%
Loss of hearing - one ear 30%
Loss of speech 60%
Loss of four fingers and thumb of one hand 40%
Loss of four fingers 35%
Loss of thumb: both phalanges one phalanx 25%
10%
Loss of index finger - three phalanges or two phalanges or one phalanx 10%
Loss of middle finger - three phalanges or two phalanges or one phalanx 06%
Loss of ring finger - three phalanges or two phalanges or one phalanx 05%
Loss of little finger - three phalanges or two phalanges or one phalanx 04%
Loss of metacarpals - first or second, third, fourth or fifth 03%
Sense of smell 10%
Sense of taste 05%
Sight of one eye 50%
One hand
One foot
50%
50%

  • Age Limit: Any person between 18 to 69 years can buy the policy. Dependent children up to 25 years of age can be covered in the policy under family option

Exclusions of Personal Accident Insurance

Chola MS personal accident policy does not provide benefits for any death, disability, expense or loss incurred in result of any injury attributable directly or indirectly to the following:
  • Intentionally self-inflicted injury, suicide or any attempt or threat while sane or insane
  • War, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny, military or usurped power, seizure, capture, arrests, restraints and detainment of all kings, princes and people of whatsoever nation, condition or quality
  • Participation in naval, military or air force operations whether in the form of military exercises or war games or actual engagement with the enemy, foreign or domestic
  • Loss sustained or contracted in consequence of the insured being under the influence of alcohol or drugs unless administered on the advice of a physician

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Keep in touch

  • Address

    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

  • +91-(80)-41101026
  • Send an email
CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2022
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