Chola MS launches ‘Chola Swasth Parivar’ policy

Chennai: Cholamandalam MS General Insurance Company Limited, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group Japan, has announced the launch of its Chola Swasth Parivar Health Insurance Policy.

The family floater policy offers a combination of Health and Personal Accident covers at an affordable premium. The premium for a family of 4(2 Adults +2 Children) works out to Rs. 5005 for a sum insured of Rs. 3 lacs. The premium does not increase with age (upto 70 years) making it the only policy in the market to offer such a benefit.

A unique feature of Chola Swasth Parivar Policy is that there are no sub-limits for 30 days prior and 60 days post hospitalization expenses. The policy covers 141 day care procedures which require less than 24 hours hospitalization. The entry age for the policy is upto 65 years with medical checkup and upto 55 years without medical checkup. It offers Lifetime renewal and tax exemption under section 80(D) upto Rs.15, 000.

Customers can choose from ‘Pearl’ and ‘Royale’ plan options for sum insured of up to Rs. 5 lacs. The Pearl Plan offers only Hospitalisation cover for a family of 4 and has 3 sum insured options. The Royale plan offers Hospitalisation and PA cover for a family of 4 with similar sum insured options.