Considering the extensive working hours of an individual, insufficient physical activities, unhealthy body weight etc…. are leading to many types of critical illnesses. We all know that these critical illnesses come with very serious cost. It is not at all a surprise in today’s scenario that these critical illnesses are becoming a reality in everyone’s life.
To cover the un-avoidable cost of critical illness, Chola Mandalam Group has come up with Chola Critical Healthline policy which offers fixed benefit (a lump sum amount of compensation equal to sum insured) up on diagnosis of any critical illness. The lump sum amount offered is irrespective of the hospitalization or recovery expenses. The Chola Critical Healthline Policy has two variants namely Standard and Advanced. The main difference between the two plans is the number of illnesses covered.
Chola Critical Healthline Policy come with 2 variants. The standard variant covers 10 critical illness and advanced variant covers 12 critical illness. Below table shows the illnesses covered under these 2 variants.
Cancer of Specified Severity | 30 days |
Stroke resulting in permanent symptoms | 90 days |
First Heart Attack | 30 days |
First Heart Attack | 30 days |
Kidney Failure Requiring Regular Dialysis | 30 days |
Multiple Sclerosis | 180 days |
Major Organ or Bone Marrow Transplant | 30 days |
Permanent Paralysis of Limbs | 180 days |
Surgery of Aorta | 30 days |
Primary Pulmonary Arterial Hypertension | 30 days |
Parkinson’s Disease | 180 days |
Motor Neuron Disease with Persistent Symptoms | 90 days |
Can I cancel the policy if I didn’t like it’s terms and conditions?
Yes, the policyholder can cancel the policy within 15days from the date of receipt, of this policy. This period is called Free Look Period. Refund of premium would be made after deducting charges towards medical tests, stamp duty charges and pro-rata premium from the risk start date till date of cancellation.
Claim procedure under this policy –
So, by now you know each and every important detail about this policy . Do let me know if I have missed any important point in the comment section. Please feel free to ask any doubts regarding this policy.
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