Cholamandalam MS Health Insurance Renewal Process in India

Health Insurance renewal is a purring word everywhere. Renewal of your health insurance is important to enjoy the continuous benefits of the policy. Most health insurance policies offer coverage for a stipulated time, for instance, 1 year, 2 years. This means you need to renew your policy before the due date arrives. If you didn’t pay the premium before the expiry date, your policy will not only be lapsed but you will also not be able to get any benefits of the policy that are initially being offered.

Chola insurance renewal is a simple process if you purchase health insurance plans from Chola MS. For Cholamandalam insurance renewal, you only need to spend a few minutes to accomplish the process. Cholamandalam health insurance renewal can be completed either online or offline mode.

Cholamandalam MS General Insurance Company Limited is a joint venture between the Murugappa Group, India, and Mitsui Sumitomo Insurance Company Limited, Japan. The company welcomes the customers with an array of insurance products, including Health Insurance, Motor Insurance, Property Insurance, Accident Insurance, Engineering Insurance, Liability Insurance, Marine Insurance, Travel Insurance, and Crop Insurance for individuals, families, and corporate members. In 2018, the company obtained a Gross Written Premium (GWP) of Rs. 41,026 million. At present, the company has more than 87 branches and over 34,000 agents across the country.

Chola MS Health Insurance Renewal Online Process

You can conveniently renew your Chola MS health insurance policy by using the following steps.

• Step 1: First, you need to visit the official website of Chola MS General Insurance.
• Step 2: Once you have opened the home page of the company, you will get an option like ‘What Insurance Are You Looking For?’ Choose the health insurance tab.
• Step 3: Only choose the “Renew” option among all the options displayed.
• Step 4: Now, enter your policy number using ‘/’ or a slash symbol.
• Step 5: Next, click on ‘Proceed to initiate Cholamandalam mediclaim online payment to renew your health insurance policy.
• Step 6: After completing the premium payment for your policy renewal, you will get a confirmation email from the insurer after the successful transaction of your payment.

Chola MS Health Insurance Renewal Offline Mode

Although Cholamandalam health insurance online payment is an easy way of renewal. However, if you are not confident to renew your health insurance policy through the online process, you are free to choose the offline mode for your Chola MS policy renewal. You can get in touch with the company’s executive by dialing the toll-free number of Chola MS i.e., 1800-208-5544. You just need to convey your renewal requirements to them.

To renew your health policy, you can also visit the nearest branch of Chola MS. The company’s experts will guide you on how to renew your health policy without losing any benefits. After renewal, you will enjoy all the benefits of the policy without any interruption.

Benefits of Renewing Chola MS Health Insurance

• Portability Benefit: If you are not pleased with your current health insurer, you are free to port your health insurance plans to Chola MS health insurance during the time of renewal.
• Reduced Waiting Period: If you renew your policy in time, the waiting period will also be reduced. Once the waiting period is over, you can avail yourself of all the benefits of your policy plan.
• Continuous Healthcare Coverage: These days, everyone gives priority to their health and implements various techniques to stay healthy throughout life. The cost of treatment is also increasing exponentially due to medical inflation. Now, for normal treatment, you need to spend thousands to lakh for your recovery. If you need any special treatment, the cost will certainly burn your pocket. A comprehensive health insurance policy will give you coverage for various ailments/injuries. But for that, you need to renew your policy; else you won’t get any benefits from your policy plan.
• Tax Benefits under Section 80D of the Income Tax Act, 1961: Once you purchase a health insurance plan from Chola MS, you will get tax benefits under Section 80D of the Income Tax Act, 1961. But you must renew your Chola MS health plan.
• Increase Sum Insured to Compensate for Healthcare Inflation: The cost of healthcare treatment is rising hurriedly due to medical inflation. You need an adequate sum insured that will give you support against various treatment methods. But if your policy is not providing you sufficient coverage against several diseases and inflation, you can uplift the sum insured amount during the time of policy renewal.
• Add Any Family Member: You can add or eliminate any family member to your Chola Ms health insurance plan at the time of renewal.

Why Choose Cholamandalam MS Health Insurance Company?

Cholamandalam MS Health Insurance Company offers a plethora of benefits to its customers. Some of the benefits are,

• 24×7 Customer Support: The insurance company offers 24×7 customer support to its policyholders so that they don’t face any difficulty during the purchasing or renewing process. All your insurance-related queries will be solved by the qualified support staff within a short span.
• 8,000+ Network Hospitals: Chola MS Company is tied up with more than 8,000 network hospitals where insurance holders will get cashless treatment facilities. This means you don’t need to invest a single penny for your treatment.
• Direct Claim Assistance without TPA: This insurance company holds an unparalleled market reputation for its quick and hassle-free claim settlement process. The company is not tied-up with any third-party administrator (TPA) and thus; it offers direct claim settlement to the policyholders.
• Awards and Recognitions: The Cholamandalam MS Health Insurance has received many esteemed awards for its astonishing services, such as Golden Peacock Award 2017 for Risk Management, Best CSR Practice Award, and many more. This improves the market reputation and credibility of the company.

The Conclusion

The health insurance renewal process is a part of your health insurance policy plan. Renew your Chola MS health insurance plan and enjoy all imperative benefits of the policy without any hiatus.