Chola MS Travel Insurance

Cholamadalam MS is a general insurance company is formed as a joint venture between the famous Murugappa Group and Mitsui Sumitomo Insurance Company Limited from Japan. Thus, the company has both Indian and Japanese expertise in handling insurance. Chola MS offers various types of general insurance plans which include health insurance, car insurance, travel insurance, home insurance and personal accident insurance.

Its travel insurance policies come in different variants and provide good coverage benefits at affordable rates of premiums. Both business as well as leisure trips is covered by Chola MS’s travel insurance plans. Thus, whatever be your requirements, you can find a travel insurance plan offered by Chola MS suiting your needs.

Key Advantages and Benefits of Chola Travel Insurance Plans

You can find the following main advantages and benefits in travel insurance plans offered by Chola MS –

  • Three different policies are issued for covering domestic trips, international trips as well as trips taken for higher education
  • 24*7 claim assistance is provided in all Chcholola travel insurance plans
  • Cashless claim facility is available for hospitalisation claims
  • Emergency assistance is provided in case of a financial crisis faced when travelling overseas
  • The policies are available online and can be bought at the click of a button
  • There is also an online premium calculator which calculates the expected premium for your trip before you buy the policy
  • Senior citizens up to 70 years old can also be covered under the international travel insurance plan offered by the company
  • The policies are available without the need to undergo any medical check-ups or health screenings
  • Hijack distress allowance coverage is also available under the international travel insurance plan

Types of Chola Travel Insurance Policies

There are three types of travel insurance plans offered by Cholamandalam MS General Insurance Company Limited. These plans are as follows –

  1. Chola Overseas Travel Protection Policy

This is an international travel insurance plan which can be taken for both business and leisure purposes. There are three coverage options under the plan – Silver, Gold and Senior citizen. Under the Silver Plan there are two coverage options of USD 50, 000 and USD 100, 000. If you opt for the Gold variant, you get coverage of USD 100, 000 and USD 250, 000. Senior citizen plans offer coverage for individuals aged 61 years to 70 years. Coverage under such plans is available for USD 50, 000. Annual multi-trip policies are also available for frequent travellers. The sum insured under such policies is USD 100, 000 and USD 250, 000.

The plan provides door-to-door cover meaning that from the time the policyholder leaves his home till the time he reaches back, coverage is available. Family members can also be covered under the plan. Moreover, the plan provides day-wise premium rates. You can buy the policy for the exact duration of the trip and save on premium costs. Home burglary insurance is offered in the Gold variant. This coverage protects against burglary of your house when you are away on the trip.

  1. Chola Student Travel Protection Plan

This plan is meant for students who are going abroad for higher studies. This plan also provides door-to-door cover. Silver, Gold and Platinum plan options are available with the plan. Coverage features and the allowed coverage level varies with each variant. Silver Plan offers coverage for USD 50, 000 and USD 100, 000. Gold plan has sum insured levels of USD 100, 000 and USD 250, 000. Under the Platinum plan, coverage is also for USD 100, 000 and USD 250, 000. However, the coverage features under the Platinum Plan are higher than in the Gold Plan. The plan is bought in India while coverage is allowed in international currency.

In the Platinum Plan, there is a medical extension cover. Under this cover, extra medical protection is provided for various contingencies like for injuries sustained in inter-college sports competitions, metal or nervous disorders due to alcohol or drug addiction, pregnancy related inpatient hospitalisation expenses, cancer screening and mammography examinations and child care benefits.

  1. Chola MS Corporate Travel Insurance

This policy is a commercial travel insurance policy meant for corporates to cover their employees going on international trips for business purposes. Customised plans are available with no requirement of pre-entrance medical check-ups. Online certificates of the plan can be issued from the company premises thus cutting down on unnecessary hassles.

Claims are processed at the earliest with the help of the company’s international claim service provider. There are no variants under the plan. Four sum insured optionsare available which is USD 50, 000, USD 100, 000, USD 200, 000 and USD 250, 000.

Chola Travel Insurance Policy Coverage

The coverage features depend on the plan variants selected. Here are the features available in different plans –

  • Chola Overseas Travel Protection Policy
  • Medical treatments and the expenses incurred
  • Dental treatments
  • Repatriation of remains
  • Total loss of checked-in baggage
  • Delay of checked-in baggage
  • Loss of passport
  • Loss of international driving license
  • Personal liability
  • Personal accident cover overseas as well as in India
  • Trip cancellation, curtailment or delay, etc.
  • Financial emergency in case of loss of funds or robbery
  • Hospital daily cash allowance
  • Hijack relief allowance
  • Home burglary cover
  • Chola Student Travel Protection Plan
  • Study interruption
  • Sponsor protection
  • Compassionate visit
  • Bail bond
  • Extension of medical expenses
  • Medical expenses
  • Dental treatments
  • Passport loss
  • Loss of checked-in baggage
  • Personal accident faced overseas or in India
  • Personal liability
  • Chola MS Corporate Travel Insurance
  • Emergency cover for medical expenses incurred on the trip
  • Dental treatment cover
  • Delay or loss of checked-in baggage
  • Loss of passport
  • Loss of international driving license
  • Accidental death and accidental total and permanent disability cover
  • Personal liability cover
  • Financial emergency support in case of loss of funds and robbery
  • Hospital daily cash allowance, etc.

Chola travel Insurance Exclusions

Claims which are not covered include claims for the following –

  • Travel for medical treatments
  • Treatment of pre-existing illnesses
  • Pregnancy and related expenses
  • War and related activities
  • Defence operations or engaging in other hazardous activities
  • Engaging in criminal acts
  • HIV/AID S related claims
  • Alcohol and drug abuse
  • Treatments which can be delayed till the insured reaches India
  • Self-inflicted injuries and attempted suicides

Chola Travel Insurance Claim Process

To make a claim, contact the insurance company’s service provider immediately. You can also contact the insurance company and the company would guide you with the claim process. If you want to avail cashless claim settlement for medical emergencies, contacting the company’s service provider is the best option. The company can be contacted once you return back to India. In that case, reimbursement of claim would take place.

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