Cholamandalam MS Family Health Insurance Policy
Cholamandalam MS Family Health Insurance is a family health insurance policy which covers medical expenses incurred by any member of the family due to hospitalisation.
Key Features of Cholamandalam MS Family Health Insurance Policy
- No medical check-up required
- Get coverage before, during and after hospitalisation
- No sub-limits (individual limits for coverage) on claims
What is covered in Cholamandalam MS Family Health Insurance Plan?
- Hospital room and boarding expenses
- Doctor’s fees and nursing expenses
- ICU charges, operation theatre charges, medicines, surgeon’s fees, prosthetics and other devices implanted internally, dressing charges
- Organ transplantation costs
- Allowance for nursing care done at home
- Also covers 141 day care procedures which do not require 24-hours hospitalisation
- Pre-hospitalisation charges (up to 60 days), Post-hospitalisation expenses (up to 90 days)
- Emergency ambulance charges
- Costs for anesthesia, oxygen, physical therapy, x-ray, laboratory and diagnostic charges, plaster casts etc.
- Cost of organ donor (but not for the cost of the organ)
Additional Benefits of Cholamandalam MS Family Health Insurance Plan
For a nominal increase in the premium you get reimbursed for:
- General health check-up
- Eye examination
- Daily hospital cash allowance
Eligibility & Restrictions of Cholamandalam MS Family Health Insurance Policy
|
|
Minimum
|
Maximum
|
|
Coverage Amount (in Rs.)
|
2,00,000
|
5,00,000
|
|
Policy Term (in years)
|
1
|
1
|
|
Entry Age (in years)
|
-
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45
|
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Renewable till Age (in years)
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-
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69
|
Family floater policy will cover
- An individual and/or his spouse
- Dependent children
- Dependent parents
Tax Benefits in Cholamandalam MS Family Health Insurance Policy
Health Insurance premiums paid up to Rs. 15,000 in case of individuals and Rs 20,000 for senior citizens are allowed as a deduction from the taxable income each year under section 80D of the Income Tax Act.
Exclusions - What is not covered in Cholamandalam MS Family Health Insurance Policy?
- Treatments done within first 30 days of taking the policy
- First year exclusion on cataract, hernia, piles, sinus, spondilitis, joint replacement, heart diseases, tumors etc
- Pre-existing conditions for first 4 yrs
- HIV, AIDS and related diseases
- Hospitalisation due to war
- Pregnancy-related illnesses
- Vaccination, obesity and beauty treatments
- Dental expenses
- Cost of the organ for transplantation
Alternate health insurance plans from other insurance companies
HDFC Ergo Health Suraksha
Max Bupa Heart Beat Health Insurance
New India Assurance Mediclaim
IFFCO-TOKIO Swasthya Kavach
Other Health Insurance Plans from Cholamandalam MS
Cholamandalam Individual Health
