Cholainsurance Corona Rakshak Policy

Keeping in mind the havoc created by the spread of Covid-19, having a specialised cover for covid helps in case you have severe symptoms and need hospitalisation. With the Cholainsurance Corona Rakshak Policy, the insured receives a fixed benefit upon diagnosis. Some benefits of the Corona Rakshak Policy are..

• It does not require any pre-policy medical check-up.
• It has a short waiting period of 16 days only.
• It provides tax benefits under section 80D of the Income Tax Act.
• It is a single premium policy.
• It helps in compensating for the loss of a job.

Chola MS General Insurance offers various different types of insurance products to its customers. The company has 152 branches throughout the country and a network of 10000+ hospitals, where you can avail of cashless treatment if you have a Chola health insurance plan. The company also offers a covid specific cover called Corona Rakshak Policy. Let us discuss the policy in detail.

Anyone between the age of 18 years to 65 years can buy a Cholainsurance corona rakshak policy. The policy covers children from the age of 3 months to adults up to the age of 65 years. It provides coverage for the policyholder, spouse, children, parents and parents-in-law. The policy can be availed on an individual basis only and provides a lump sum benefit of up to ₹ 2.5 lakhs.

The policy covers hospitalisation due to covid infection. A minimum and continuous 72 hrs hospitalisation is covered under the policy, for which 100% of the sum insured is payable. As it is a fixed benefit policy, the amount received in a lump sum can be used by the insured in any way. The policy offers three term options: 3.5 months, 6.5 months and 9.5 months.

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There are certain conditions for which no benefit is paid under the policy. These include;

• Covid treatment taken within the initial 15 days of starting the policy.
• Treatment taken outside India
• Expenses related to a treatment other than covid.
• Treatment expenses if the diagnostic test is done at an unauthorised centre.
• Treatment for covid diagnosed before the policy starting date.
• OPD treatment for Covid
• Treatment for mild symptoms of covid
• Treatment cost for any individual who has travelled outside India

Chola MS HELP is the company’s in-house health claim processing units, rated as one of the best health claim processing service in 2022. The unit offers both cashless as well as reimbursement claims.

Cashless Claim:

A policyholder can avail of a cashless claim if the treatment is taken at a network hospital. The procedure is as follows;

• On hospitalisation, inform the hospital authority that you are insured under one of the Chola Health Insurance plans.
• Provide the policy document along with your id proof for verification.
• After verification, you need to submit the pre-authorization form to the Chola MS HELP.
• Chola MS HELP team will review your application along with the documents provided and will process the cashless claim approval subject to the policy terms and conditions.
• If required, the Chola MS HELP, assigns a doctor for authorisation at the hospital.
• Once the verification and investigation are completed, the cashless request is approved and settled at the hospital directly.

Reimbursement Claim

A claim is reimbursed if the treatment is availed in a non-network hospital. Here is the process of reimbursement of a claim for all the health insurance policies by Chola insurance.

• Inform the Chola MS HELP about your hospitalisation in a non-network hospital within 24 hrs of the admission.
• Settle the hospital bill on discharge and submit a reimbursement claim form with all the hospital documents at your nearest Chola MS HELP branch office.
• After verifying your request and all the documents, the claim is reimbursed as per the policy terms.

In case you need any assistance during the claim process, contact 24*7 customer care and the company will assist you through the claim process. You can contact customer service at 1800-208-9100, or send a mail to customercare@cholams.murugappa.com or even WhatsApp from your registered mobile number at 7305234433.

To understand why you need covid-specific health insurance like a corona rakshak policy, you need to understand the difference between a standard health plan and a corona rakshak plan.

The sudden covid outbreak caught us all unprepared, though it seems under control now. However, still, no one can avoid getting a covid infection and it affects everyone differently. In such a scenario, it is best to be prepared with a health insurance plan that covers all the expenses incurred in the covid treatment as it is an expensive treatment and the disease management requires a lot of additional expenses other than the medical costs such as PPE kits, waste management, cost of separate monitoring devices for the patient.

Cholainsurance corona rakshak policy provides a fixed benefit which can be used as per the requirement. The plan is available online at the company’s website or you can purchase the plan using the Coverfox app.