Care Health Insurance vs Cholamandalam Health Insurance

Have you ever had a health crisis that did not drain your finances or savings? In a country like India where inflation is always on the rise, healthcare costs a chunk of the average citizen’s earnings. Despite knowing that health insurance can lower such expenses, most people still prefer to spend out of their pockets towards medical care. This can be due to the lack of knowledge about health insurance, the wrong resources to find an insurance policy, or misconceptions revolving around the cost of health insurance. But you can change all that and learn what it offers with this comparative study of Care Health Insurance and Cholamandalam Health Insurance

Care Health Insurance vs Cholamandalam Health Insurance – Overview 

Parameter  Care Health Insurance Cholamandalam Health Insurance
No. of health insurance policies 14+ 10+
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support  Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistance
Branches 1000+ 100+
Claim settlement ratio 95.2% 50.01%
Cashless claim settlement time  Within 2 hours Unspecified
Hospital network 7,800+ 8000+

Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) -years 2019-20. 

Health Insurance Policies: Care Health Insurance vs Cholamandalam Health Insurance

Care Health Insurance has excellent performance metrics to its name. The insurance company offers over 14 health insurance policies, provides instant 1-minute quotes, and settles cashless claims within 2 hours – so that their customers don’t have to wait to access quality healthcare. 

Cholamandalam Health Insurance offers over 10 health insurance policies and operates nationwide. The company’s high-quality services have garnered them recognition from various national and global entities and the Indian government. 

Top-up Policy:

Care Health Insurance’s Top-up Policy called ‘Enhance’ offers: 

  • Two sub-policies – Enhance 1 and Enhance 2 
  • Sum insured (SI) amounts up to Rs. 40,00,000
  • Deductible amounts up to Rs. 20,00,000
  • Coverage for: 
  • Pre and post-hospital care  
  • In-patient hospital care 
  • Domiciliary hospital care 
  • Daycare procedures
  • Organ donor expenses
  • Health check-up
  • Expert second medical opinion
  • No sublimit on doctor’s fees and Intensive care unit (ICU) room charges 

Cholamandalam Health Insurance’s Top-up Policy called Super Top-up offers: 

  • Two sub-policies – Premiere and Supreme 
  • SI amounts up to Rs. 25,00,000
  • Deductible amounts up to Rs. 20,00,000
  • Coverage for:
  • Pre and post-hospital care 
  • In-patient hospital care 
  • Domiciliary hospital care 
  • 141 daycare procedures
  • Organ donor expenses 
  • Non-allopathic treatments
  • Ambulance charges 

Personal Accident Policy: 

Care Health Insurance’s Personal Accident Policy provides: 

  • SI amount options up to Rs. 50,00,000
  • 100% payout of the SI for accidental death 
  • 50%-100% payout of the SI for permanent total disablement 
  • Up to 100% of the SI for permanent partial disablement
  • Up to Rs. 20,000 per week for temporary total disablement 
  • Up to Rs. 2,00,000 SI for fractures
  • Up to Rs. 20,00,000 for burns 
  • 10% of the SI towards child education expenses
  • Up to Rs. 25,000 towards a mobility cover 
  • Up to Rs. 25,000 for major diagnostic tests 
  • Coverage for accidental hospitalization expenses
  • Costs towards repatriation of mortal remains

Cholamandalam Health Insurance’s Personal Accident Policy offers: 

  • SI amounts up to Rs. 1,00,00,000 or 5 times the annual income of the insured, whichever is lower 
  • 100% payout of the SI for accidental death
  • 100% payout of the SI for permanent total disablement 
  • Up to 60% payout of the SI for permanent partial disablement 
  • Up to Rs. 5,000 per week for temporary total disability 
  • Up to Rs. 25,000 towards child education expenses 
  • Compensation for fractures, broken bones, and loss of employment 
  • Up to Rs. 5,000 for funeral and cremation costs 
  • Up to Rs. 50,000 towards modification/ reparation costs of the insured’s vehicle or home 

Critical Illness Policy: 

Care Health Insurance’s Critical Illness Policy provides: 

  • SI amounts up to Rs. 2,00,00,000
  • Coverage for:
  • 32 critical illnesses
  • Pre and post-hospital care 
  • In-patient hospital care 
  • Daycare procedures
  • Organ donor expenses
  • Non-allopathic treatments
  • Road/air ambulance charges
  • Recovery counselling sessions 
  • International second medical opinion
  • A chemotherapy, radiotherapy and dialysis cover 

Cholamandalam Health Insurance’s Critical Illness Policy offers:

  • SI amount options up to Rs. 10,00,000 
  • 100% payout of the SI on the diagnosis of a listed critical illness 
  • Coverage for up to 12 critical illnesses 
  • Ambulance charges up to Rs. 1,000 per hospitalization
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