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.Â
Care Health Insurance vs Cholamandalam Health Insurance – OverviewÂ
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.Â
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.Â
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.Â
Top-up Policy:
Care Health Insurance’s Top-up Policy called ‘Enhance’ offers:Â
- Two sub-policies – Enhance 1 and Enhance 2Â
- Sum insured (SI) amounts up to Rs. 40,00,000
- Deductible amounts up to Rs. 20,00,000
- Coverage for:Â
- Pre and post-hospital care Â
- In-patient hospital careÂ
- Domiciliary hospital careÂ
- Daycare procedures
- Organ donor expenses
- Health check-up
- Expert second medical opinion
- No sublimit on doctor’s fees and Intensive care unit (ICU) room chargesÂ
Cholamandalam Health Insurance’s Top-up Policy called Super Top-up offers:Â
- Two sub-policies – Premiere and SupremeÂ
- SI amounts up to Rs. 25,00,000
- Deductible amounts up to Rs. 20,00,000
- Coverage for:
- Pre and post-hospital careÂ
- In-patient hospital careÂ
- Domiciliary hospital careÂ
- 141 daycare procedures
- Organ donor expensesÂ
- Non-allopathic treatments
- Ambulance chargesÂ
Personal Accident Policy:Â
Care Health Insurance’s Personal Accident Policy provides:Â
- SI amount options up to Rs. 50,00,000
- 100% payout of the SI for accidental deathÂ
- 50%-100% payout of the SI for permanent total disablementÂ
- Up to 100% of the SI for permanent partial disablement
- Up to Rs. 20,000 per week for temporary total disablementÂ
- Up to Rs. 2,00,000 SI for fractures
- Up to Rs. 20,00,000 for burnsÂ
- 10% of the SI towards child education expenses
- Up to Rs. 25,000 towards a mobility coverÂ
- Up to Rs. 25,000 for major diagnostic testsÂ
- Coverage for accidental hospitalization expenses
- Costs towards repatriation of mortal remains
Cholamandalam Health Insurance’s Personal Accident Policy offers:Â
- SI amounts up to Rs. 1,00,00,000 or 5 times the annual income of the insured, whichever is lowerÂ
- 100% payout of the SI for accidental death
- 100% payout of the SI for permanent total disablementÂ
- Up to 60% payout of the SI for permanent partial disablementÂ
- Up to Rs. 5,000 per week for temporary total disabilityÂ
- Up to Rs. 25,000 towards child education expensesÂ
- Compensation for fractures, broken bones, and loss of employmentÂ
- Up to Rs. 5,000 for funeral and cremation costsÂ
- Up to Rs. 50,000 towards modification/ reparation costs of the insured’s vehicle or homeÂ
Critical Illness Policy:Â
Care Health Insurance’s Critical Illness Policy provides:Â
- SI amounts up to Rs. 2,00,00,000
- Coverage for:
- 32 critical illnesses
- Pre and post-hospital careÂ
- In-patient hospital careÂ
- Daycare procedures
- Organ donor expenses
- Non-allopathic treatments
- Road/air ambulance charges
- Recovery counselling sessionsÂ
- International second medical opinion
- A chemotherapy, radiotherapy and dialysis coverÂ
Cholamandalam Health Insurance’s Critical Illness Policy offers:
- SI amount options up to Rs. 10,00,000Â
- 100% payout of the SI on the diagnosis of a listed critical illnessÂ
- Coverage for up to 12 critical illnessesÂ
- Ambulance charges up to Rs. 1,000 per hospitalization