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Health Insurance 417 views August 5, 2021
Chola Credit Linked Group Hospital Cash Insurance Plan helps individuals under a group obtain coverage against hospitalization expenses. This policy is suitable for those individuals who have taken any loan. Insured members can enjoy several benefits in case of an illness, sickness or accident.
Let’s check the prominent benefits of the plan mentioned below before we discuss them in detail.
Continue reading this page to understand the benefits of the plan in detail. Let’s start!
Table of Contents
If an insured member needs to get hospitalized for more than 24 hours during the policy period, the policy will pay a daily benefit. The policy will also cover a few listed day care procedures. We have mentioned some of them below. Please check.
Daily Benefit for Normal Hospitalization (Sickness or Accident)
If an insured person needs to get hospitalized due to a sickness/illness or accident (during the policy term) for a continuous and completed 24 hours or undergo one of the listed day care procedures, the policy will pay a daily benefit.
Daily Benefit for ICU Hospitalization (Sickness or Accident)
Chola Credit Linked Group Hospital Cash Insurance will provide a daily benefit if the insured person is hospitalized (during the policy period) in an ICU due to an illness or accident.
Note: Whenever ICU benefit is admissible under the plan, you will not get coverage under daily benefit for a normal hospitalization.
Insured members can choose from several optional covers by paying an additional premium. We have discussed them below. Please check.
If an insured member under the group is hospitalized for more than ten consecutive and completed days, the policy will provide a lump sum amount once in a policy period. This benefit will be over and above the the base cover benefit
In case an insured member aged above 60 years needs hospitalization, the policy will pay a lump sum amount equal to five times the daily benefit for normal hospitalization due to sickness. This benefit will be given once in a policy year.
If an insured member aged 12 years or less needs to get hospitalized, you will get five times the daily benefit for a normal hospitalization (due to sickness) as a lump sum amount.
Under this benefit, if an insured person is seeking admission in a hospital resulting in childbirth, the policy will provide coverage up to five times the chosen daily benefit for normal hospitalization. You will need to keep in mind the following conditions regarding this add-on benefit.
Please check the conditions mentioned below that an individual needs to fulfill before purchasing the plan.
Insured members under the group will not get coverage in case of the following.