Group Health Insurance 197 views June 10, 2021

Cholamandalam MS Group Health Insurance

If you are looking to protect your employee’s finances amid a medical emergency, Cholamandalam MS Group Health Insurance can be suitable for you. By choosing a plan from Cholamandalm MS, you don’t have to worry about the financial burden due to your employee’s health concerns. A group health insurance plan, which can be purchased without any pre-acceptance medical screening, provides coverage to all members of a group.

Along with themselves, employees can cover their family members too under the plan at affordable prices. We are showing some of the reasons for choosing Cholamandalam MS Group Health Insurance below. Please check!

  1. Cashless treatment facility at 7,240 Network Hospitals across India
  2. Flexible sum insured options
  3. Coverage of hospitalization expenses in case of an employee’s illness or injury
  4. Pre and post-natal expenses coverage
  5. The local Ambulance charges coverage
  6. Optional Terrorism Cover
  7. Corporate Buffer
  8. Maternity expenses coverage 
  9. The hassle-free and transparent claim settlement process

On this page, we will talk about the various group health insurance plans of Cholamandalam MS and their features & benefits so that you can make a better decision. Read on to know more!

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Features and Benefits of Cholamandalam MS Group Health Insurance Plans in Detail

Cholamandalam MS offers a wide range of group health insurance plans to customers – Chola Comprehensive Group Personal Accident Policy, Chola Group Cancer Insurance Policy, Chola Group Critical Illness Insurance, Chola Group Hospital Cash Health Insurance Policy, Chola Group Income Shield Insurance and Chola Group Makshak Rakshak.

Now, we will be discussing the features and benefits of these plans in a detailed manner one after another. Let’s start!

Chola Comprehensive Group Personal Accident Policy

If any of the insured members of a group dies or faces disability due to an accident during the policy period, this group policy will provide a lump sum benefit to the nominee/insured member. Have a look at its key features mentioned below.

  1. Coverage against accidental death and permanent total disablement during the policy period
  2. Transportation of the mortal remains covered up to INR 6,000
  3. Coverage of performance of religious ceremonies up to INR 5,000
  4. Ambulance cover up to INR 1,000
  5. Permanent partial disability coverage up to 60% of the sum insured
  6. Weekly cash benefit up to 1% of the sum insured for a maximum of 100 weeks
  7. Multifold Permanent Total Disablement Benefit up to 400% of the sum insured
  8. Reimbursement of accidental medical expenses
  9. OPD Treatment coverage

Chola Group Cancer Insurance Policy

Check the prominent features of the Chola Group Cancer Insurance Policy mentioned below.

  1. Flexible sum insured options ranging from INR 10 – 20 lakh
  2. Lump sum benefit of 20% and 100% of the sum insured for Early and Major Stage Cancer diagnosis, respectively
  3. Cancer treatment benefit up to 30% of the sum insured
  4. Chemo/Radiotherapy benefit up to 20% of the sum insured under Cancer Therapy
  5. A 15-day free look period

Chola Group Critical Illness Insurance

Insured members can get coverage against the medical expenses incurred on the treatment of specified critical illnesses by choosing from different plan options according to their convenience. Check out its prominent features mentioned below.

  1. Different plan options to choose from – Standard, Base and Advantage
  2. Critical illness coverage against 39 illnesses or procedures
  3. Accidental death benefit up to 100% of the sum insured
  4. Permanent total disability benefit
  5. Permanent partial disability benefit up to 60% of the sum insured
  6. A 15-day free look period

Chola Group Hospital Cash Health Insurance Policy

If an insured person needs to get hospitalized for more than 24 hours during the policy term, this Cholamandalam MS Group Health Insurance plan will cover the expenses incurred on such hospitalization. Check out its highlights mentioned below.

  1. Daily benefit for normal hospitalization due to illness or accident
  2. A daily benefit of ICU Hospitalization (due to accident or illness)
  3. Persons between 3 months and 65 years are eligible to get this plan (With primary insured should be at least 18 years)

Chola Group Income Shield Insurance

We are showing some key features of the Chola Group Income Shield Insurance below that you should check to understand the plan better.

  1. Multiple plan options – Platinum and Silver Plan with 15 and 30 days of unemployment period, respectively
  2. Fixed sum insured per month in case of job loss (INR 10,000 – 10,00,000 per person)
  3. Accident protection up to 50 times of the sum insured per month (up to INR 25,00,000)
  4. Transportation of mortal remains up to INR 10,000
  5. Cost of cremation coverage (up to INR 5,000)
  6. Children Education Protection Benefit up to 50% of the sum insured (up to INR 50,000)
  7. Parental Care Benefit up to 50% of the sum insured (up to INR 50,000)
  8. Policy tenure of one year
  9. A 90-day waiting period

Chola Group Makshak Rakshak

This policy provides hospitalization benefits up to 100% of the sum insured upon the diagnosis of any of the following vector-borne diseases. Also, the hospitalization should be for a minimum of 72 hours.

  1. Dengue fever
  2. Malaria
  3. Filaria (Lymphatic Filariasis)
  4. Kala-azar
  5. Chikungunya
  6. Japanese Encephalitis
  7. Zika Virus

With this Cholamandalam MS Group Health Insurance plan, you will also get diagnosis cover up to 2% of the sum insured only once in each policy year.

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