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Health Insurance 551 views May 18, 2021
Chola MS COVID-19 Cover protects you and your family against COVID-19-related expenses. You don’t have to undergo any pre-acceptance health check-up to buy Chola MS COVID-19 Cover. There is also an option to cover family members including your spouse, parents and dependent children. Keep reading this page below and learn more about the benefits of the Chola MS COVID-19 Cover.
Table of Contents
If you or any other insured member is diagnosed with COVID-19 during the policy period, the insurer will pay a lump sum benefit equal to 100% of the opted sum insured as mentioned in the policy schedule. This benefit is provided to you as per the following conditions –
You can enhance the benefits of Chola MS COVID-19 Cover by adding any of the following optional covers –
In consideration of your additional premium, the insurer will pay a daily cash benefit as mentioned in the policy schedule if you are hospitalized as an in-patient for the treatment of COVID-19 or you are in quarantine upon diagnosis of COVID-19. Daily Cash Benefit payable to you is subject to the following conditions –
No benefit shall be payable under this benefit if the claim arises due to the following:
Note – This benefit is over and above the base sum insured. And no cashless facility is available to you under this benefit.
The insurer will pay 50% of the chosen base sum insured per month in case of loss of Job due to COVID-19 diagnosis or quarantine for the same. This benefit is subject to the following conditions:
No benefit shall be payable under this benefit if the claim arises due to the following:
Note: This benefit is over and above the base sum insured.
The insurance company is not liable for any claim arising due to COVID-19 within 16 days from the date of policy commencement.
The policy does not cover any losses caused due to the following:
You have a 15-day free look period from the date of receipt of the policy document where you can review the terms and conditions of the policy and return the same if not acceptable. On such cancellation, the company will refund you the paid premium after the deduction of medical tests, stamp duty charges and pro-rata premium from the policy start date till the date of cancellation.
Important Note
The base cover will stand terminated once the benefit is paid to the insured. However, optional covers shall continue till the expiry date as mentioned in the policy schedule or the occurrence of a claim under the optional cover.