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Health Insurance 1799 views September 14, 2020
Health insurance plans have become a basic necessity for many individuals as health issues are increasing day by day. So, IRDA has introduced a common health plan that is sold by many insurance companies. You can take a look at the Chola MS Arogya Sanjeevani Policy in which you can add your family members as well. There is no need for a health check-up until the age of 50 years in this insurance plan. You can earn discounts on this plan if you add more members to it. There are rebates on taxes as well if you show the premium while computing your income. Let’s see the key features of this insurance plan.
Table of Contents
Risks Covered in this Health Insurance Plan
You can go through the various health risks that are covered in this insurance plan. The company will give you the cover for the medical expenses that have been incurred for the following risks.
Hospitalization Expenses
All the expenses like bed-charges, nursing charges, blood tests, ICU Charges, and other consultation fees are covered in this plan if in case you are hospitalized. You can see them below:-
Pre and Post-Hospitalization Expenses
Your pre-hospitalization expenses prior to 30 days to hospitalization will be reimbursed by the company. Post-hospitalization expenses until 60 days are also covered in this insurance plan.
Cataract Expenses Reimbursement
If you are going for the treatment of Cataract Illness then those expenses will also be reimbursed. The reimbursement cataract risk will be the lowest of the following:-
Day Care Treatment Risk
If in case you get treatment within 24 hours and you are not hospitalized then those expenses will also be covered in this insurance plan. The treatment received within 24 hours without being hospitalized is known as the day care treatment.
Dental Treatment and Plastic Surgery Expenses
If you are going through the Dental Treatment and Plastic Surgery in need due to any other disease then those expenses will be borne by the company under this insurance plan. You will get the reimbursement for all the expenses incurred in the Dental Treatment and Plastic Surgery.
AYUSH Treatment
All the expenses related to the AYUSH Treatment are covered in the Chola MS Arogya Sanjeevani Policy. AYUSH treatment includes Ayurveda, Unani, Siddha, and Homeopathy treatments. So, all the expenses incurred for these treatments are covered in this plan.
Other Diseases Coverage
You will receive 50% of the Sum Assured if you are going through any treatment mentioned below:-
Ambulance Cover
Ambulance plays a vital role in carrying the patient from one place to another. So, this plan will cover the expenses done on the ambulance and it will be a maximum of Rs.2000 per hospitalization.
Cover your Family
This plan can cover your entire family and give protection to all of them. You can see the members whom you can add to this health insurance plan
No Claim Bonus Benefit
If you don’t make any claim in a year then the company will give you a cumulative bonus and your Sum Assured will be increased. The company will add 5% of the Sum Assured into the existing Sum Assured if you don’t make any claim. Your sum assured will keep on increasing until it reaches 50% of the Sum Assured.
Particulars | Details |
---|---|
Minimum Age of Entry | 18 Years |
Maximum Age of Entry | 65 Years |
Minimum Age of Entry for a Dependent Child | 90 Days |
Maximum Age of Entry for a Dependent Child | 25 Years |
Minimum Sum Assured | Rs.1 Lac |
Maximum Sum Assured | Rs.5 Lacs |
Policy Term | 1 Year |
There are two types of waiting periods in this insurance plan and they are for 4 years and 2 years. So you can see the diseases that need a waiting period of 2 years and 4 years.
Waiting Period of 2 Years
Waiting Period of 4 Years