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Health Insurance 389 views August 2, 2021
Chola Arogya Bima Health Insurance is an exclusive policy for rural and semi-urban customers of the Central Bank of India that protects their finances in a medical emergency. Individuals can cover their families on a family floater sum insured basis. This policy from Chola Insurance is designed for those families where the maximum age of the member is not more than 75 years. Policyholders can also choose from multiple plan options according to their needs.
You can check out the highlights of the plan mentioned below to get an overview.
Continue reading to know about the different features and benefits of the Chola Arogya Bima Health Insurance in detail.
Table of Contents
We have talked about the features and benefits of this plan for Central Bank of India customers in detail below. Do check.
As mentioned in the introduction of the plan, policyholders can choose from multiple plans and sum insured options. To know more, check the below table.
Plan Option | Sum Insured (In INR) |
---|---|
Plan 1 | 10,000 |
Plan 2 | 20,000 |
Plan 3 | 30,000 |
Plan 4 | 50,000 |
The policy term stands for one year. You can renew it every year for a lifetime.
The premium amount per family will depend on the plan and sum insured option. You can get more information in the below table.
Plan Option | Sum Insured (In INR) | Annual Premium Amount per Family (In INR) |
---|---|---|
Plan 1 | 10,000 | 363 |
Plan 2 | 20,000 | 453 |
Plan 3 | 30,000 | 544 |
Plan 4 | 50,000 | 771 |
Note: The premium amounts mentioned above are exclusive of GST.
If an insured person suffers an illness or accidental bodily injuries during the policy term and needs hospitalization, the policy will reimburse the following hospitalization expenses.
The policy will cover the hospitalization expenses (where no surgical procedures are involved) according to the below table.
Plan Option | Normal Hospitalization Per Day (In INR) | ICU Hospitalization Per Day (In INR) | Per Claim Limit (In INR) |
---|---|---|---|
Plan 1 | 250 | 500 | 2,500 |
Plan 2 | 500 | 1,000 | 5,000 |
Plan 3 | 750 | 1,500 | 7,500 |
Plan 4 | 1,000 | 2,000 | 10,000 |
Note: The total amount payable for insured persons under the plan cannot exceed the sum insured.
This policy also covers the expenses incurred on the treatment of newborn babies as in-patient hospitalization. The hospitalization period should not be less than 24 hours (after the delivery of the newborn child) during the policy term.
The coverage amount will be a part of the overall sum insured, and the newborn will be a part of the insured person’s family member until the expiry of the policy. Please check the following conditions related to the coverage facility.
Policyholders can also increase the sum insured at the time of renewal of the policy. After enhancement, the insurer will issue a new policy with an enhanced coverage amount.
Do check the important conditions of the plan mentioned below.
Chola Arogya Bima Health Insurance will not provide coverage in the following situations.