Q1. Are there any sub-limits under the Cholamandalam Flexi Health Insurance plan?

Ans: Yes. Sub-limits apply to room rent and emergency ambulance expenses under the Chola MS Flexi Health Insurance plan. However, no sub-limits on room rent will apply if the sum insured is above Rs 2 lakh.

Q2. Can I raise a claim for my newborn baby under the Cholamandalam Flexi Health Insurance plan?

Ans: Yes. You can raise a claim for your newborn baby under the Chola MS Flexi Health Insurance policy if the mother has been insured for at least 12 months.

Q3. Does a Cholamandalam Flexi Health Insurance policy cover medical expenses outside India?

Ans: No. The Chola MS Flexi Health Insurance policy does not cover medical expenses incurred outside India.

Q4. Can I buy Cholamandalam Flexi Health Insurance on EMI?

Ans: Yes. You can buy the Chola MS Flexi Health Insurance policy in easy monthly instalments.

Q5. Where can I check the premium for Cholamandalam Flexi Health Insurance?

Ans: You can check the Cholamandalam Health Insurance premium chart to know the amount that you need to pay to buy the Flexi Health policy. You can also use a Chola MS health insurance premium calculator to estimate the premium before buying the policy.

Chola MS Flexi Health Insurance Plan: Features, Benefits, Renewal

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.

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

FAQs

Q1. Are there any sub-limits under the Cholamandalam Flexi Health Insurance plan?

Ans: Yes. Sub-limits apply to room rent and emergency ambulance expenses under the Chola MS Flexi Health Insurance plan. However, no sub-limits on room rent will apply if the sum insured is above Rs 2 lakh.
Q2. Can I raise a claim for my newborn baby under the Cholamandalam Flexi Health Insurance plan?

Ans: Yes. You can raise a claim for your newborn baby under the Chola MS Flexi Health Insurance policy if the mother has been insured for at least 12 months.
Q3. Does a Cholamandalam Flexi Health Insurance policy cover medical expenses outside India?

Ans: No. The Chola MS Flexi Health Insurance policy does not cover medical expenses incurred outside India.
Q4. Can I buy Cholamandalam Flexi Health Insurance on EMI?

Ans: Yes. You can buy the Chola MS Flexi Health Insurance policy in easy monthly instalments.
Q5. Where can I check the premium for Cholamandalam Flexi Health Insurance?

Ans: You can check the Cholamandalam Health Insurance premium chart to know the amount that you need to pay to buy the Flexi Health policy. You can also use a Chola MS health insurance premium calculator to estimate the premium before buying the policy.

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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