Health Insurance March 1, 2021

Nobody wants to be hit financially in case of a medical emergency. Having health insurance is one of the suitable ways to ensure that your finances remain intact in case of any medical emergency. A health insurance plan can secure your finances in case some illness or disease happens. Chola Privilege Healthline Insurance Plan is one of the popular health insurance plans among customers that can provide comprehensive protection along with exciting benefits. Let’s look at some of the striking features of this plan before we go on to explain them.

Health Insurance

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  1. Hospitalization expenses
  2. Multiple sum insured options
  3. Medical expenses coverage
  4. Total 141 daycare procedures coverage
  5. AYUSH coverage
  6. Domiciliary expenses
  7. Donor expenses for Organ Transplantation
  8. Double sum insured for accidents and critical illnesses
  9. Specialist opinion for critical illnesses
  10. Cumulative bonus benefits

One of the best things about the Chola Privilege Healthline Insurance Plan is that individuals can get cover for themselves along with their spouse and dependent children on a floater sum insured basis. Want to know its features in detail? Well, we will be doing the same along with its policy term, premium amount, the sum assured, etc. Keep reading to know more!

Let’s Discuss Chola Privilege Healthline Insurance Plan Features in Detail

Chola Privilege Healthline Plan from the Cholamandalam Health Insurance is a comprehensive plan with which you can get a health cover. Let’s look at some of the key features of this plan below so that you can know it better.

Multiple Sum Insured

Chola Privilege Healthline Plan comes with multiple sum insured options that you can choose from. The options are – INR 5 lakh, INR 7.5 lakh, INR 10 lakh, INR 15 lakh, INR 20 lakh and INR 25 lakh. Do remember that the premium amount will depend on the chosen sum insured. The minimum premium amount stands at INR 13,533 for individuals up to 18 years with a sum insured option of INR 5 lakh.

Flexibility to Choose the Policy Term

You can choose the policy term from – 1 year, 2 years and 3 years. When you choose a longer policy term, you will get a discount on your premium amount. This discount stands at 6% on a 2-year policy and 12% on a 3-year policy.

Apart from this, individuals living in Tier 2 locations will also get a discount of 10% on their premium amount. Tier 1 locations are Mumbai, Chennai, Bengaluru, Kolkata, New Delhi, Gurgaon, Hyderabad, Ahmedabad, while other cities of India come under Tier 2 locations.

Maternity Expenses

This plan from Cholamandalam Health Insurance can be a right fit for someone looking to meet maternity expenses. You can receive coverage for maternity expenses up to 2 deliveries for a maximum of INR 1 lakh per year. However, you can enjoy this benefit only after 3 consecutive renewals. So, you cannot have this benefit in the first 3 years of your policy.

Apart from this, any expenses towards the hospitalization of a newborn baby will also be covered under this policy up to the sum insured of the mother or the floater sum insured.

Double sum insured for Critical Illness and Accidents

In case of a diagnosis of a critical illness or an unfortunate accident, the Chola Privilege Healthline insurance plan provides a double sum insured amount. So, you can remain worry-free in any of these conditions. Apart from this, if the insured person needs a special opinion for critical illnesses, he or she can get coverage up to INR 25,000 towards this expense.

Apart from this, individuals can enjoy several other benefits shown below.

  1. Coverage of in-patient hospitalization expenses up to the sum insured option
  2. Room rent expenses up to INR 3,000 per day
  3. 141 listed Daycare procedures coverage and treatment expenses
  4. 60 days pre-and 90 days post-hospitalization expenses
  5. Domiciliary hospitalization expenses per insured person per policy year for a maximum of 7 days
  6. Organ Donor hospitalization expenses coverage in case the insured person needs to undergo a transplantation
  7. Emergency ambulance expenses per hospitalization, up to INR 5,000
  8. Outpatient dental specs or contact lenses or hearing aids coverage up to INR 10,000 per 2 years of policy
  9. Extended hospitalization allowance facility for a minimum of 10 days of hospitalization, up to INR 10,000
  10. Health check-up expenses once after every 2 claim-free years
  11. Cumulative bonus of 5% of the sum insured on every claim-free year up to 50% of the sum insured amount
  12.  5% reduction in Cumulative bonus in case of the claim in the following policy year

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