Quote Form

Our representative will call you within few minutes
Health Insurance 429 views August 2, 2021
Chola Classic Health Family Floater Plan provides financial protection against the medical expenses for the entire family. The insurer shall cover all the medically necessary costs as detailed in the policy schedule of this insurance plan. Read this page and learn about the Chola Classic Health Family Floater Plan coverage.
Table of Contents
The insurer shall cover the following expenses under the policy:
If you or any of the insured members are admitted to the hospital for more than 24 hours due to an illness or accidental bodily injury, the insurer shall cover the following expenses up to the sum insured as mentioned in the policy schedule:
The room rent coverage may vary based on your chosen sum insured option. Check out the table below to know about it.
Sum Insured (In INR) | Room Rent Coverage Limit (In INR) |
---|---|
5,00,000 | Upto 3,000 per day |
4,00,000 | Upto 2,500 per day |
3,00,000 | Upto 2,000 per day |
2,00,000 | Upto 1,500 per day |
1,00,000 | Upto 1,000 per day |
The insurer will pay for the medical expenses incurred immediately before hospitalization up to 60 days, as per the following conditions:
The insurer will pay for the medical expenses incurred after the discharge from the hospital up to 60 days as per the following conditions:
The insurer shall cover non-allopathic treatments, except naturopathy, up to the sum insured for the treatment of an illness or accidental bodily injury. The insurer shall cover such treatment if it is taken in an AYUSH Hospital.
The insurer shall cover daycare procedure/treatment up to sum insured, provided the hospitalization is for less than 24 hours.
The insurer will pay for ambulance expenses up to INR 1,000 per family to transfer the insured person to the nearest. This cover is subject to the following conditions:
Other than the above-mentioned coverages, the insurer shall provide you the following benefits during the policy term.
You’ll receive a daily allowance for hospitalization as per annum in case of multi-year tenure, provided the insurer has accepted the in-patient hospitalization claim. Check out the table below to know your daily allowance as per your chosen sum insured.
Sum Insured (In INR) | Daily Allowance (In INR) |
---|---|
5,00,000 | 500 up to 14 days |
4,00,000 | 400 up to 10 days |
3,00,000 | 300 up to 7 days |
2,00,000 | 200 up to 7 days |
1,00,000 | - |
If the insurer has accepted the in-patient hospitalization claim, it shall also cover the expenses of external aids and appliances up to INR 10,000 upon discharge, provided it is advised by the doctor. The cover is for the following external aids and appliances only:
The insurer shall pay home nursing care allowance per day for a limited period towards nursing expenses incurred after hospitalization. This benefit is payable if the attending medical practitioner recommends such care given the patient’s medical condition. The coverage under this section is provided up to the limits as shown in the table below:
Sum Insured (In INR) | Daily Allowance (In INR) |
---|---|
5,00,000 | 300 up to 10 days |
4,00,000 | 300 up to 10 days |
3,00,000 | 200 up to 7 days |
2,00,000 | 200 up to 7 days |
1,00,000 | - |
If you haven’t made a claim in a policy year and renewed it without a break, your sum insured will increase by 5%. The maximum cumulative bonus shall not exceed 50% of the policy sum insured.
Upon a claim during a policy year, the cumulative bonus shall reduce by 5% ensuring that the limit of indemnity shall not be less than 100% of the Basic Sum Insured.
In the case of multi-year tenure, any decrease in the cumulative bonus will be determined at the start of a new policy year and the same will be reflected on the policy schedule at the time of renewal.
You need to meet the following age criteria to get the benefits of the Chola Classic Health Family Floater Plan:
Family members (including the spouse and dependent children) dependent on the primary insured and not having an independent source of income will be covered under the policy.
The following waiting period applies to the Chola Classic Health Family Floater Plan starting from the date of policy commencement. Check out the pointers below to know about it:
The insurer shall not pay for the following under the policy:
A free look period of fifteen days starting from the date of receipt of the policy is provided to you to review the terms and conditions. If you disagree with the terms and conditions, you can return the policy stating the reason for it. If you haven’t made any claim during the free look period, you’ll be entitled to a refund of the paid premium less any expenses incurred on medical examination and stamp duty charges. Where the risk has already commenced and you have returned the policy, a deduction towards a proportionate risk premium for the period on the cover will be made. If only a part of the insurance coverage has commenced, such proportionate premium commensurates with the insurance coverage during the free look period.