Founded in 2001, the Cholamandalam MS General Insurance Company limited is a joint venture between the Mitsui Sumitomo Insurance Group and the Murugappa Group. This general insurance company offers motor insurance, health insurance, travel insurance, and home insurance plans.


They offer a wide range of health insurance policies that cover various medical needs, right from pharmaceuticals to critical illness treatments. You can claim coverage for various requirements like emergency road ambulance, intensive care and disability treatments among many others. You can purchase a Chola MS Health plan on Bajaj Markets at a starting premium of ₹420/month (excl. GST).

Chola MS Health Insurance Plans

Given below are the Cholamandalam MS medical insurance plans that you can purchase on Bajaj Markets.

Cholamandalam MS Health Insurance Plans


Flexi Health



  • Hospitalisation Expenses

  • Daycare Procedures

  • AYUSH Treatment

  • ₹500 Daily Cash Coverage

  • Sum insured restoration for unrelated claims

  • Recharge Benefit for related claims

Aarogya Sanjeevani Policy



  • Hospitalisation Coverage

  • Doctor’s fees and nursing charges covered

  • Dental treatments covered

  • Coverage for AYUSH treatments with no sub-limits

  • ICU/ICCU coverage

  • Road ambulance coverage up to ₹2,000

Chola MS Critical Healthline



  • Cancer treatment coverage

  • Kidney failure treatment

  • Parkinson’s disease treatment

  • Heart diseases coverage

  • Lifetime renewability

Chola Accident Protection



  • Lump sum benefits equal to a 100% of the sum insured on diagnosis of the listed critical illness

  • Two attractive plans to choose from

  • Gender-based rating

  • Additional protection to your existing health insurance

  • Inclusive of family members

Sarva Shakti



  • Personal accident coverage

  • Child education support

  • Critical illnesses cover

  • Vehicle loan and EMI protection

  • Health indemnity and maternity coverage

Chola Flexi Super Top-up Insurance



  • Sum insured up to ₹5 Crores with deductible up to ₹1 Crore

  • Flexibility to top-up your health policy for additional coverage

  • Relaxed entry age up to 70 years

  • No sub-limits or co-payments

  • Coverage for extended family

Types of Plans Offered by Cholamandalam MS Health Insurance

Cholamandalam MS Medical Insurance offers you two kinds of health insurance plans which you can find explained below.

  • Cholamandalam MS Individual Health Insurance

Under individual health insurance, you can pick any Cholamandalam MS Health Insurance plan for yourself or a family member. Coverage under this health insurance type includes medical treatments, daily expenditure, consultation needs, surgeries, hospitalisation, etc.

  • Cholamandalam MS Family Floater Health Insurance

Family floater health insurance plans can offer coverage for all your family members that are listed under a particular policy. This can cover you, your spouse, and your children. The coverage is similar to that of an individual health insurance plan. However, the cost for each policyholder is less than the premium price paid for individual health plans.

Key Features of Cholamandalam MS Health Insurance Plans

Here are the key features of Cholamandalam MS Health Insurance.


  • 10+ health insurance plan options

  • Coverage up to ₹5 Crores

  • 10,000+ network hospitals

  • 94% claim settlement ratio

Benefits of Cholamandalam MS Health Insurance

A few of the many Chola MS Health Insurance benefits are listed below for your perusal.

1. Domiciliary Expenses

Under domiciliary care, a person is treated for their illness, ailment, or injury in the comfort of their home with accordance to a doctor’s recommendation. Cholamandalam MS Health Insurance plans can offer coverage for treatments of this nature.

2. Pre-policy Health Check-up

Commonly, health insurance companies require you to undergo medical check-ups before you purchase a health insurance policy. However, many of the Cholamandalam Health Insurance plans do not draw medical check-ups as a requirement or eligibility to purchase a policy.

3. AYUSH Treatment

AYUSH treatment coverage, along with other alternative treatment options, can be claimed under Cholamandalam MS Health Insurance. This treatment refers to ayurveda, yoga, unani, siddha, and homoeopathy treatments.

4. Long-term Policy Tenures

Cholamandalam MS Health Insurance can allow you a policy tenure from 1 year to 3 years at a time. You can pay the premium amount for all the policy years in a single payment. The renewal process can be undertaken once this prolonged policy tenure is approaching its end.

5. Cashless Services

When you purchase a Chola MS Health Insurance plan, you tap into their world of an umpteen number of cashless services. These services can be accessed at select network hospitals affiliated with the Cholamandalam MS General Insurance Co. Ltd. You can visit any of the 10,000+ network hospitals associated with the insurance company across the country.

6. Minimal Documentation

The purchase of a Cholamandalam MS Health Insurance plan is a seamless and quick procedure. You only have to follow five steps to complete the process and no documentation is required during this stage. It is a completely paperless process.

7. Critical Illness Coverage

Cholamandalam MS Health Insurance covers 12 critical illnesses under different plans. These include heart diseases, kidney failure, cancer, multiple sclerosis, etc.

8. Lifetime Renewal

As per the Insurance Regulatory and Development Authority of India (IRDAI) guidelines, every insurance company is required to allow lifetime renewability for all policyholders. Similarly, the Cholamandalam MS General Insurance Co. Ltd. can offer you lifetime renewability on their health insurance plans.

9. Tax Benefits

Under Section 80D of the Income Tax Act of 1961, you can enjoy tax benefits for the premium price you pay for your health insurance. Moreover, you can get additional benefits for carrying regular health check-ups for yourself and your family.

What’s Covered and Not Covered under Cholamandalam MS Health Insurance

The inclusions and exclusions consist of everything that is covered and not covered under Chola MS Health Insurance. You can find a few of these inclusions and exclusions in the table given below.



Daycare treatments

Vaccination costs

Pre-hospitalisation and post-hospitalisation


ICU, surgeries, consultation fees, etc.

Injuries sustained due to immoral acts

AYUSH and other alternative treatments

Injuries caused due to self-harm

Child hospitalisation and extended hospitalisation

Defence operation injuries

Organ donor expenses

Unproven diseases

Recovery benefits

Cosmetic or obesity surgeries

How to Buy Chola MS Health Insurance

The steps given below trace the purchasing journey of a Cholamandalam MS Health Insurance plan. You can follow these steps to buy this plan on Bajaj Markets.

  • Step 1: Navigate to the ‘health insurance premium calculator’ page.

  • Step 2: Enter details like your name, age, mobile number, date of birth, etc.

  • Step 3: Pick a plan of your choice from the health insurance options displayed on your screen.

  • Step 4: Choose Chola Health Insurance add-ons or insurance riders to enhance your plan.

  • Step 5: Proceed to pay the premium price of your comprehensive Cholamandalam Health Insurance plan.

Your policy documents and other details should be sent to you on your registered email address or mobile number shortly.

How to Calculate Cholamandalam MS Health Insurance Premium?

Bajaj Markets offers you a health insurance premium calculator which you can use to derive an estimate of the premium price of your policy. This calculator is very easy to use and can compute your premium value within seconds. All you must do is enter accurate information about your age, your location, your desired coverage, etc. Once you proceed, you will find various premium quotes of various health insurance plans on Bajaj Markets.

Tax Benefits of Cholamandalam MS Health Insurance

Health insurance plans are known for providing financial support against the onslaught of eventualities and unforeseen emergencies. This helps you save a lot of money. Moreover, it offers you the chance to enjoy tax benefits as well. Here’s how you can tap into saving money through health insurance tax benefits.


Tax Benefit Per Year

Individual health insurance for a regular citizen under 60 years of age

Up to ₹25,000

Individual health insurance for a parent under the age of 60 years

Up to ₹25,000

Any health insurance plan for an senior citizen

Up to ₹50,000

Health insurance for a regular citizen and a senior citizen parent

Up to ₹75,000 (₹50,000 + ₹25,000)

Health insurance for a senior citizen and their senior citizen parent

Up to ₹1 Lakh (₹50,000 + ₹50,000)

Preventive health check-ups for parents, spouse, and dependent children

Up to ₹5,000

Enhance Your Protection against Medical Emergencies with Optional Covers by Cholamandalam MS Health Insurance

Cholamandalam Health Insurance offers you a top-up plan that can enhance your policy greatly. You can find below the key specifications of this insurance rider.

Chola Flexi Super Top-up Insurance

If you find that your sum insured is insufficient during a medical emergency, this top-up plan can help you a lot. The Chola Super Top-up plan is an insurance rider that can substantially increase your total coverage amount at a very nominal premium price.


Key Features:


  • Two policy packages: Gold plan and Silver plan

  • Family cover: Parents, spouse, dependent children, parents-in-law, and siblings

  • No pre-policy health check-up necessary

  • Age eligibility: 3 months to 70 years

  • Policy duration: Up to 3 years

What is Covered:


  • In-patient hospitalisation

  • Daycare treatment

  • Emergency road ambulance services

  • Domiciliary medical treatment

  • Pre-hospitalisation and post-hospitalisation expenses

  • AYUSH treatments

Waiting Period:


  • Initial waiting period: 30 days

  • Pre-existing ailments: 36 months (Gold Plan) and 48 months (Silver Plan)

  • Specific diseases stated in policy document: 12 months

For additional information about the waiting periods associated with different terms and conditions, please read the policy document carefully.


What is Not Covered:


  • Self-harm injuries

  • Attempted suicide

  • War, mutiny, and other hostilities

  • Vaccination, immunisations, and inoculations

How to File Cholamandalam MS Health Insurance Claims

Cholamandalam MS Medical Insurance offers you two distinct claim settlement options: cashless claims and reimbursement claims. Here’s how you can file both claims within minutes.

1. Cashless Claim

  • Step 1: Inform the hospital and the Cholamandalam MS General Insurance Co. Ltd. about your wish to file a claim

  • Step 2: Submit your policy documents and a valid ID proof

  • Step 3: Submit the pre-authorisation form given to you to Cholamandalam MS Health Insurance

  • Step 4: Track your claim, if you’d like to, as the insurance company verifies and process your claim request

  • Step 5: Allow the field doctor from the Cholamandalam MS General Insurance Co. Ltd. to assess the situation

If your claim request is approved, the hospital and Cholamandalam MS Medical Insurance will settle the expenses.

2. Reimbursement Claims

  • Step 1: Fulfil all payment requirements at the hospital

  • Step 2: Keep all invoices, bills, and receipts safe with you

  • Step 3: Contact Cholamandalam MS Health Insurance through their website, toll-free number, email address, etc.

  • Step 4: Submit the requested documents, bills, and receipts for verification

If your claim request is approved hereafter, the coverage amount will be sent to you as a reimbursement.

What Is the Cholamandalam MS Health Insurance Claim Settlement Ratio?

Given below is the Cholamandalam Medical Insurance claim settlement ratio.


Claim Settlement Ratio

Premium Price

Cholamandalam MS General Insurance Company Ltd.


₹420/month (excl. GST)

Documents Required for Filing a Cholamandalam MS Health Insurance Claim

Here are the documents you might be asked to produce during your Cholamandalam MS Health Insurance claim process.


  • Doctor’s consultation proofs

  • Chola MS health card

  • Investigation report

  • Diagnosis report

  • Accurately filled claim form

  • Medical invoices and bills

  • MLC (Medico Legal Cases)

  • FIR (First Information Report)

  • Discharge papers, etc.

Cholamandalam MS Health Insurance Network Hospitals

A network hospital is a medical facility affiliated with a particular insurance company. These partner hospitals offer policyholders special cashless services. As part of these services, your insurance company can offer to settle medical bills for you with the hospital directly. Hence, you might not have to pay a single penny from your pocket.


Cholamandalam MS Health Insurance can help you tap into the cashless services offered by 10,000+ network hospitals. These include hospitalisation costs, pharmaceutical expenses, nursing and consultation fees among other services. These network hospitals can give you access to remarkable medical expertise and intervention.

Health Insurance Plans Available on Bajaj Markets

Disclaimer - Cholamandalam MS General Insurance Company Limited

(A Joint Venture between Murugappa Group & Mitsui Sumitomo Insurance Company Ltd., Japan)

Regd. Office: Dare House, No.2, II Floor, N.S.C Bose Road, Parrys, Chennai, TN - 600 001. India. Trade logo displayed above belongs to “CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED’ and Mitsui Sumitomo Insurance Company Limited and used by Chola MS under license. Toll-free No. Motor Insurance: 1800 208 5544, Health & Other Insurance: 1800 208 9100, SMS: ‘CHOLA’ to 56677, Whatsapp: 7305234433 |

For more details on risk factors, terms, conditions and exclusion please read sales brochure carefully before concluding a sale.

Bajaj Finserv Direct Limited is a registered corporate agent of Cholamandalam MS General Insurance Company Ltd. For Bajaj Finserv Direct Limited, IRDAI Registration Number CA0551.

Frequently Asked Questions about Cholamandalam Health Insurance

What is the waiting period for Cholamandalam MS Health Insurance?

You will find three types of waiting periods under Cholamandalam medical insurance. They will vary depending on circumstances like specific ailments or pre-existing diseases. The minimum waiting period is 30 days, while the waiting period of specific diseases is 12 to 24 months. If you have any pre-existing diseases, the waiting period would be 24, 36, or 48 months. 

How to claim Cholamandalam MS Health Insurance?

If you wish to make a cashless claim, you can initiate the process at a network hospital itself. You can also contact the Cholamandalam MS General Insurance Co. Ltd. directly. The contact channels can be used for this purpose.

  • Website:

  • ChatBot: Joshu

  • Toll-free Number: 1800-208-9100

  • Email Address:

  • WhatsApp: 7305234433

What is the claim settlement ratio of Cholamandalam MS Medical Insurance?

The claim settlement ratio of Chola medical Insurance is 94%

What is the right age to get a Cholamandalam MS Health Insurance plan?

The sooner the better. Getting a health insurance policy when you’re young can help decrease your premium amount significantly. Moreover, since you might not feel the need to file a claim for many consecutive years, you could earn certain benefits and rewards. You can also save money early on through tax benefits. 

What is the maximum policy tenure that I can opt for under Cholamandalam MS Health Insurance?

You can purchase a Chola Medical Insurance policy for 3 consecutive years. Otherwise, you have options like 1 year and 2 years as well. 

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