Reliance Health Insurance vs Cholamandalam Health Insurance

When it rains, you do not curse at the rain for showering its water on you unannounced. Instead, you do the practical thing and take an umbrella or wear a raincoat and go about your day. In the same way, when an unfortunate health crisis falls your way, it seldom helps to throw curses. Instead, what helps is preparing beforehand and opting for the logical solution. This solution can be health insurance. It will work as a rainy day cover for you and your loved ones, keeping you afloat in financial shortage and taking care of all healthcare expenses. If you feel like you want to learn more about health insurance, refer to this Reliance Health Insurance and Cholamandalam Health Insurance comparative guide. 

Reliance Health Insurance vs Cholamandalam Health Insurance – Overview 

Parameter Reliance Health InsuranceCholamandalam Health Insurance
No. of health insurance policies10+10+
E-servicesPolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer servicePolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistance
Branches130+100+
Claim settlement ratio (CSR)94%50.01%
Hospital network7,000+8000+

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

Health Insurance Policies: Reliance Health Insurance vs Cholamandalam Health Insurance

Both Reliance Health Insurance and Cholamandalam Health Insurance offer over 10 health insurance policies. These policies cater to the needs of individuals, families, senior citizens and even corporates. 

Critical Illness Insurance: 

Reliance Health Insurance’s Critical Illness Policy offers:

  • Sums insured (SI) up to Rs. 10,00,000
  • 100% payout of the SI on the diagnosis of a policy listed critical illness 
  • Coverage for:
  • 10 life-threatening illnesses including:
  1. Cancer
  2. Stroke
  3. Kidney failure
  4. Third-degree burns 
  5. Multiple sclerosis 
  • The following surgical procedures:
  1. Major organ transplant 
  2. Aorta graft surgery
  3. Heart valve replacement 

Cholamandalam Health Insurance’s Critical Illness Policy offers:

  • SI amounts up to Rs. 10,00,000
  • 100% payout of the SI upon the diagnosis of a policy critical illness  
  • Two sub-plans 
  • Standard Plan covering 10 life-threatening illnesses 
  • An advanced Plan covering 12 life-threatening illnesses
  • Coverage for:
  • Critical illnesses including: 
  1. Cancer
  2. Stroke
  3. Multiple sclerosis
  4. Kidney failure
  5. Permanent paralysis
  • The following surgical procedures 
  1. Open-chest CABG 
  2. Major organ transplant
  3. Aorta graft surgery 
  • Ambulance charges 

Personal Accident Insurance: 

Reliance Health Insurance’s Personal Accident Policy gives: 

  • Worldwide insurance coverage 
  • SI up to Rs. 20,00,000
  • 100% of the SI (to the nominee) on the death (of the insured) due to an accident
  • 100% of the SI for permanent total disability 
  • Up to 75% of the SI for permanent partial disability 
  • An education cash benefit for the insured’s children 
  • Reimbursement of in-patient hospitalization expenses 
  • A maximum of Rs. 2,500 for transportation expenses 

Cholamandalam’s Personal Accident Policy gives: 

  • SI up to Rs. 1,00,00,000
  • 100% of the SI on the death of the insured due to an accident 
  • 100% of the SI for permanent total disability
  • Up to 60% of the SI for permanent partial disability
  • Weekly cash benefits up to Rs. 5,000 for temporary total disability 
  • Up to Rs. 25,000 towards an education fund for the insured’s children 
  • Coverage for ambulance charges and funeral expenses 
  • Benefits such as:
  • A broken bones/fractures benefit 
  • Loss of employment benefit 
  • Family transportation benefit
  • Daily hospital cash benefits 
  • Ambulance charges
  • Modification/ reparation benefit
  • Funeral expenses (up to Rs. 5,000) 

Daily Hospital Cash Insurance: 

Reliance Health Insurance’s Daily Hospital Cash Policy called Hospi-Care gives:

  • Daily cash benefits up to Rs. 4,000 for 60 days of hospitalization 
  • Twice the benefit amount for intensive care unit (ICU) hospitalization 
  • SI up to Rs. 10,00,000 for surgeries such as:
  • Heart transplant
  • Lung transplant 
  • Coronary artery grafting 
  • Bone marrow transplant
  • Up to Rs. 20,000 cash for unlisted and additional surgeries 
  • Up to Rs. 50,000 for daycare procedures and treatments 
  • Up to Rs. 20,000 for vector-borne diseases 

Cholamandalam Health Insurance’s Daily Hospital Cash Policy gives: 

  • Daily cash benefits up to Rs. 3,000 for up to 25 days of hospitalization
  • Twice the benefit amount for ICU hospitalization 
  • Lump-sum payment of up to Rs. 20,000 for hospitalization over 20 days 
  • A 10% discount in premiums on coverage of two or more family members
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