Chola MS Healthline Value Plan
Product Overview
Chola MS Healthline Value Plan is a hospitalization policy, which covers inpatient treatment for a minimum period of 24hrs, along with other benefits like day care treatments, Ayurvedic treatment, etc.
Unique Features of Chola MS Healthline Value Plan
- No Claim Bonus - In the event there is no claim, 5% of Sum Insured every claim free year subject to maximum of 25% of Sum Insured.
- Non-Allopathic Treatment Like - Ayurveda / Unani /Sidha / Homeopathy treatments are covered under this plan
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OneInsure App Benefits
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Critical features of Chola MS Healthline Value Plan
- Room rent:
Limits imposed towards room and ICU rent expenses
Maximum limit is up to 3000 per day - Co-Pay:
Specific % of admissible claim amount to be borne by Insured
10% of the claim as co payment(for claims from customers over 55 yrs) - No Claim Bonus:
Health Insurance policies may offer Cumulative Bonus wherein for every claim free year, the Sum Insured is increased by a certain percentage at the time of renewal
5% of basic sum insured up to a maximum of 25 % for each unclaimed year in case opted for(The cumulative bonus is reduced by 5 % of sum insured once a claim is made) - Pre-Existing Diseases:
Means any condition, ailment or injury or related condition(s) for which you had signs or symptoms, and / or were diagnosed, and / or received medical advice/ treatment, within 48 months prior to the first policy issued by the insurer
This plans has a waiting period of 4 years is case of pre-existing diseases
Eligibility Criteria
- Minimum Age of Entry:- Children-3 months to 26 years Adult- 18 years
- Maximum age of Entry:- 65 years
- Renewal Age:- Life Long Renewal
- Sum Insured:- Value Healthline Plan - 2 lakhs
- Policy Tenure:- 1, 2, 3 years
- Premium Calculated on Basis of:- Age, (i.e. sum Insured Chosen)
Additional discounts
Discount for multi-year polices - 6% discount for opting 2yr policy tenure and for 3yrs tenure 12%
Exclusions
- Treatment with alternative medicines like acupuncture, acupressure, osteopath, naturopathy, chiropractic, reflexology and aromatherapy.
- Treatment arising from or traceable to pregnancy (whether uterine or extra uterine) and childbirth including caesarean section, and/or any treatment related to prenatal and postnatal care.
- All expenses related to AIDS and related diseases.
- Use/Abuse of intoxicating drugs or alcohol,any hazardous activities.
- War or any act of war, invasion, intentional self-injury or attempted suicide.
- Treatment of obesity,,Cosmetic treatments,mental disorders,external congenital diseases.
- Personal comfort and convenience items or services.
Note:- Any claims arising out of or attributable to any of the following is not covered
Tax Benefits
The premium paid for health insurance policy is liable to get a tax rebate under section 80D of the Income Tax Act, 1961.
Claim Process
In case you would like to know about the Claim Process or would like to register a Claim please click the link below
