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Individual Insurance Health Insurance Hospital Cash
Hospitalization can eat into your savings real fast. Even with a health insurance cover, you could find the additional costs incurred from incidental expenses – like patient's diet, transportation expenses, hospital stay with the patient - heavy on your pockets.
This is where Chola MS Hospital Cash will come in handy. This supplementary health insurance policy will cover everything that a health insurance does not. With this unique policy, you will get a lump sum or a daily allowance which can be used for medical and non-medical expenses you incur during hospitalization.
Reasons to choose Chola MS
- Daily Cash benefit: You'll receive a daily cash amount for each continuous and completed period of 24 hours during hospitalization irrespective of whatever you spend.
- No fuss, no formalities: Simple paperwork and exemption from pre policy medical check makes
Chola MS Hospital Cash Healthline an easy, simple health insurance plan
- Direct claims settlement: Quick and efficient settlement through Chola MS HELP ensures direct dealing, eliminating third party involvement.
A quick look at the unique features of Chola MS Hospital Cash
- Entry age up to 65 yrs of age
- No Medical check-up till 55 yrs of age
- Lifetime renewal
- 3 plans with a variety of benefits
- Double cash for ICU treatment
- Convalescence Benefit - Lump sum amount for hospitalization beyond 20 days
- Direct claims settlement through Chola MS HELP –
- Claim free Bonus – Enhances Daily Benefit every claim free year
- Up to 10% family discount on the premium paid
- 15 days grace period for renewal
| Relationships covered |
Entry Age
limits |
Plans |
Remarks |
| Self / Spouse / Dependant Parents |
18 - 65 years |
Plan A / Plan B / Plan C |
No medical
checkup
required
up to 55 years |
| Dependent Child |
3 months to 36 yrs |
Plan A / Plan B / Plan C |
No medical
checkup
required |
Chola MS Hospital Cash is available in three flexible variants to give you the freedom to choose the right plan according to your need. Whatever plan you opt for, you are ensured of maximum benefits. Have a closer look at the benefits in the table below.
| Benefits |
Plan A |
Plan B |
Plan C |
| Illness / Accident Hospital Confinement Max 20 days (more than 24 hrs hospitalisation) |
RS 1000 per day |
RS 2000 per day |
RS 3000 per day |
| Intensive Care Benefit (more than 24 hrs hospitalisation in ICU) |
Twice the limit of Hospital cash shown above |
| Convalescence Benefit (Lump sum payment on continuous hospitalization beyond 20 days payable once per policy period per person ) |
RS 10000 |
RS 15000 |
RS 20000 |
| No Claim Bonus |
5 % increase in per day Hospital Confinement limit (Not applicable for Convalescence benefit) every claim free year up to 50% |
| Family discount |
5% on total premium for every additional insured up to 10% |
- Hospital Confinement Cash Benefit
- Double confinement benefit - in case of ICU hospitalization
- Convalescence Benefit – Lump sum payment for hospitalization beyond 20 days
- No Claim bonus – 5% increase in per-day hospital confinement limit and up to 50% for every claim-free year
- Family Discount – 5% on the total premium for every additional insured
Main Exclusions
Given below is a partial listing of exclusions. For complete details, please read policy terms & conditions available in the downloads section)
- Benefits will not be available for any pre-existing condition(s), until 48 consecutive months of continuous coverage have elapsed, since inception of the first policy with this insurer.
- Any illness diagnosed or diagnosable within 30 days of the effective date of the policy period if this is the first individual Hospital Cash benefit policy with Chola MS. If you renew the hospital cash benefit policy with the Chola MS, this waiting period of 30 days is however is not applicable. In case of change of plan on renewal, this exclusion will apply in relation to the amount by which the daily benefit limit has been increased due to change of plan.
- The following diseases are excluded during the first and second year of policy inception.
| Illnesses excluded for One year |
Illnesses excluded for Two years |
| Cataract, Benign Prostratic Hypertropy, Hysterectomy for Menorrhagia or Fibromyoma, Hernia, Hydrocele, Fistula, Piles, Sinusitis & related disorders, Gall stones. |
Spondilitis, Spondilosis, Knee / Hip joint replacement, Internal congenital diseases , Osteoarthritis of any joint, Calculus diseases of gall bladder and urogenital, Gastric & duodenal ulcers, Internal Tumours, cysts, nodules, polyps including breast lumps (each of any kind unless malignant), Gout & Rheumatism, ENT disorders & Surgery, Surgery of genito urinary system, Surgery for prolapsed inter vertebral disk, Surgery of varicose veins & varicose ulcers, Surgery on tonsils |
If these diseases are pre-existing at the time of proposal, the same will be considered under the policy as per general exclusion number 1 above.
Please refer to the Policy Wordings for the complete coverages, exclusions and
terms and conditions of the policy
| Plans |
Plan A |
Plan B |
Plan C |
| Age Band in Years |
Premium |
| <=1 |
762 |
1,317 |
1,872 |
| 2-5 |
544 |
885 |
1,227 |
| 6-18 |
613 |
1,021 |
1,430 |
| 19-35 |
809 |
1,412 |
2,016 |
| 36-45 |
836 |
1,465 |
2,094 |
| 46-50 |
954 |
1,700 |
2,446 |
| 51-55 |
1,097 |
1,982 |
2,869 |
| 56-60 |
1,363 |
2,512 |
3,661 |
| 61-65 |
1,610 |
3,003 |
4,398 |
| 66-70 |
2,425 |
4,622 |
6,819 |
| 71-75 |
4,610 |
8,969 |
13,328 |
| 76-80 |
6,817 |
13,355 |
19,893 |
Above premium includes service tax at 12.36 %
Please check with nearest Chola MS office for renewal premium above 80 yrs
The company may from time to time and subject to IRDA approval, will revise premium rates based on experience
The premium rates, terms and conditions at the time of renewal shall apply