Cholamandalam Flexi Health Insurance Plan


*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

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      Cholamandalam Flexi Health Insurance Plan

      Cholamandalam Flexi Health insurance provides comprehensive medical coverage to individuals and families during an illness or accidental emergency. It offers coverage for hospitalization, day care procedures, emergency ambulance services, domiciliary hospitalization, etc. The plan also offers coverage for newborn babies, medical second opinions, repatriation of mortal remains and compassionate visits.

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      Cholamandalam Flexi Health Insurance Plan: Key Highlights

      Categories Specifications
      Sum Insured Rs 50,000 to Rs 25 lakh
      Policy Tenure 1 year, 2 years, 3 years
      Network Hospitals 10,000+
      Incurred Claim Ratio (2020-21) 77.35%
      Pre-policy Medical Check-up Required for people above 50 years
      Pre-existing Disease Waiting Period 3 years
      Initial Waiting Period 30 days
      Specific Disease/Procedure Waiting Period 2 years
      Discount Up to 10% long-term policy discount
      15% direct discount

      Benefits of Cholamandalam Flexi Health Insurance Plan

      Here are some of the promising benefits of buying a Cholamandalam Flexi Health Insurance plan:

      1. Restoration of Sum Insured

      This Cholamandalam health insurance policy restores the sum insured up to 100% in case it gets completely exhausted due to unrelated claims.

      2. Recharge Benefit

      The insurance company provides an additional sum insured to the insured to raise claims related to each other.

      3. Additional Sum Insured for Road Traffic Accident Claims

      This Chola MS Flexi Health Insurance policy also provides an additional sum insured amount to cover claims due to road traffic accidents.

      4. Free Health Check-ups

      The insured is eligible for free preventive health check-ups after every two claim-free years as part of this policy.

      5. Cumulative Bonus

      A cumulative bonus of 10% up to a maximum of 50% of the sum insured is granted to the policyholder for every claim-free year. This bonus can be used to increase the sum insured of the policy with no increase in premiums.

      6. Cashless Hospitalization

      People can access cashless hospitalization facilities across India at more than 10,000 network hospitals of the Cholamandalam MS General Insurance Company. 

      7. Tax Benefits

      Tax exemptions are permitted on the premium paid for the Cholamandalam Flexi Health Insurance policy under Sec 80D of the Income Tax Act, 1961.

      Cholamandalam Flexi Health Insurance Plan Eligibility Criteria

      The eligibility criteria to buy a Cholamandalam Flexi Health Insurance plan are mentioned below:

      Parameters Eligibility Criteria
      Minimum Entry Age Adult: 18 years
      Children: 3 months
      Maximum Entry Age Adult: 65 years
      Children: 26 years
      Coverage Type Individual/ Family floater
      Relationships Covered Self, spouse, children, dependent parents, dependent parents-in-law and dependent siblings
      Renewability Lifelong

      Inclusions of Cholamandalam Flexi Health Insurance Plan

      The following coverage is included under the Cholamandalam Flexi Health Insurance plan:

      • In-patient Hospitalization Expenses - It covers in-patient treatment expenses incurred on hospitalization of at least 24 hours. It includes boarding expenses, nursing charges, room rent, etc.
      • Pre-hospitalization Expenses - It covers the medical expenses incurred up to 30 days before getting hospitalized.
      • Post-hospitalization Expenses - It covers all medical expenses incurred up to60 days from the hospital discharge date.
      • Day Care Procedures - It covers the cost of medical procedures and treatment which do not require 24 hours of hospitalization.
      • AYUSH Cover – It covers the medical expenses incurred on availing treatment through AYUSH systems of medicines.
      • Domiciliary Hospitalization - It covers the medical expenses incurred for the treatment taken at home on the doctor’s recommendation.
      • Organ Donor Hospitalization Expenses - It covers the expenses incurred on organ donor’s treatment required for the harvesting of the donated organ.
      • Emergency Ambulance Expenses - It covers the charges of availing emergency ambulance services to transport the insured to the hospital.
      • Newborn Baby Cover - It covers the medical expenses incurred by a newborn baby from day one.
      • Daily Care Benefit – It pays a daily cash allowance to the insured for each day of hospitalization up to a maximum of 10 days.
      • Compassionate Visit – It pays for the air travel expenses of a family member of the insured if he/she is hospitalized in another city for a life-threatening medical emergency. 
      • Repatriation of Mortal Remains – It covers the medical expenses incurred on transporting the mortal remains of the insured in case of death.
      • Medical Second Opinion - It covers the cost of seeking a medical second opinion from a specialist medical practitioner for an injury or an illness.

      Exclusions of Cholamandalam Flexi Health Insurance Plan

      The Cholamandalam Flexi Health Insurance plan excludes the following coverage:

      • Self-inflicted injury or an attempt to commit suicide
      • Maternity expenses
      • Injuries or medical conditions due to nuclear perils, acts of war, terrorism, etc.
      • Injuries due to participating in extreme adventure sports.
      • Obesity or weight-control treatments
      • Cosmetic surgery or plastic surgery
      • Treatment for alcoholism or drug abuse
      • Sexually transmitted diseases
      • External congenital diseases
      • Infertility and sterility


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