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Cholamandalam 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
Entry Age	Children – 03 months to 26 years
Premium based on Location	Tier 1 Locations: Mumbai, Chennai, Bengaluru, Kolkotta, New Delhi, Gurgaon, Hyderabad, Ahmedabad
Premium based on Location	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.
Individual Cover	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 Cholamandalam Flexi Health Policy

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

Key features of Cholamandalam 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 Cholamandalam 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 like eindiainsurance
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.

Cholamandalam 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
Cholamandalam 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 Cholamandalam 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.