Cholamandalam Health Insurance vs Manipal Cigna Health Insurance

The average medical inflation rate in India was 7.14% in 2018-2019. At present, the inflation rate for healthcare is increasing at a pace double the overall rate of retail inflation in India, which is 4.59% as of December 2020. Such steep inflation can drain your savings when you have to foot the bills for quality medical care out-of-pocket. But health insurance can shield you from the ever-increasing costs of healthcare during a medical crisis. These plans from Cholamandalam Health Insurance and Manipal Cigna Health Insurance companies’ will show you exactly why health insurance is vital. 

Cholamandalam Health Insurance vs Manipal Cigna Health Insurance – Overview 

ParameterCholamandalam Health Insurance Manipal Cigna Health Insurance
Number of health insurance plans10+11
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistancePolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer support 
Claim settlement ratio 50.01%89.50%
Cashless claim settlement timeTimeline not specifiedWithin 2 hours
Hospital network1316,500+

*Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) – years 2018-19 

Health Insurance Plans: Cholamandalam Health Insurance vs Manipal Cigna Health Insurance

In operation since 2001,Cholamandalam Health Insurance is a multinational insurance company. The company’s brand philosophy revolves around three tenets – Trust, Transparency and Technology. It offers over 10 comprehensive health insurance plans.

Manipal Cigna Health Insurance is part of Cigna Corporation, an entity having over 200 years of experience. The company aims at taking care of its customers’ financial, emotional and physical health through its 11 health insurance plans. 

Top-up Insurance Plan: 

Cholamandalam Health Insurance has a Super Top-up Plan that provides:

  • Sums insured (SI) up to Rs. 25,00,000
  • Deductible options up to Rs. 20,00,000
  • Coverage for
    • Pre, post and in-patient hospitalization 
    • Domiciliary hospitalization expenses 
    • Emergency ambulance expenses 
    • Non-allopathic (AYUSH) treatments
    • 141 daycare procedures 
  • Discounts in premiums from 5%-10% on buying the policy on a family floater basis 

Manipal Cigna’s Super Top-up Plan offers: 

  • Two plan options – Super Top-up Plus and Super Top-up Select
  • SI amounts up to Rs. 30,00,000
  • Deductibles up to Rs. 10,00,000
  • Coverage for 
    • Expenses towards pre, post and in-patient hospitalization 
    • AYUSH treatment
    • Daycare procedures
    • Organ donor expenses
    • Road ambulance charges 
    • Non-medical items

Critical Illness Plan:

Cholamandalam Health Insurance’s Critical Illness Plan offers:

  • A Standard Plan that covers 10 critical diseases 
  • An Advanced Plan that covers 12 life-threatening conditions
  • Coverage for illnesses such as: 
  • Cancer
  • Hypertension
  • Multiple sclerosis
  • Permanent paralysis
  • SI options up to Rs.10,00,000
  • Full payout of SI on the diagnosis of a critical illness 
  • Reimbursement of ambulance costs up to Rs.1,000
  • Claim settlement without requiring proof of hospitalization bills

Manipal Cigna’s Critical Illness Policy offers:

  • A Basic plan that covers 15 critical illnesses
  • An Enhanced plan that covers 30 health complications
  • Coverage for ailments such as: 
  • Cancer
  • Motor neuron diseases
  • Deafness
  • Loss of sight
  • SI options up to Rs. 25,00,00,000
  • Lump-sum or staggered payouts of SI 
  • Access to online wellness programs and a second medical opinion 
  • 10% discount in premiums on buying the policy on a family floater basis 

Daily Hospital Cash Plan: 

Cholamandalam Health Insurance’s Daily Hospital Cash Policy provides:

  • Daily hospital cash allowances from Rs. 1,000 to Rs. 3,000 
  • Twice the cash allowance on the admission of the insured in the Intensive Care Unit (ICU)(up to Rs. 20,000)
  • Up to Rs. 20,000towards convalescence benefits for hospitalization over 20 days 
  • A 10% discount in premiums on coverage of two or more family members

Manipal Cigna’s Daily Hospital Cash Plan offers: 

  • Daily hospital cash benefit(DCB) from Rs. 500 to Rs. 5,000 for up to 180 days 
  • Thrice the DCB on the admission of the insured in the ICU 
  • Twice the DCB towards hospitalization due to an accident 
  • Five times the DCB towards convalescence 
  • A compassionate benefit and a companion benefit 
  • Access to online wellness programs 
  • Worldwide coverage 

In addition to the plans mentioned above, Cholamandalam Health Insurance and Manipal Cigna Health Insurance offer several other health plans for every healthcare need.