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Chola MS General Insurance has launched two policies — a home insurance, ‘Chola Total Home Protect', and a health insurance, ‘Chola Healthline'.
Addressing a press conference here on Thursday, Mr S. S Gopalarathanam, Managing Director, Chola MS General Insurance, said there is no need for customers to show the invoice or the electronic appliance serial numbers (which are usually required by insurance companies) to insure the valuables at their home.
Chola Total Home Protect comes in three variants covering risk to contents up to Rs 25 lakh.
“We have kept it simple so as to enable the customer to chose the type of coverage and sign the form,” he said. Asked in case of claim, how the company would estimate the loss, Mr Gopalarathanam said the agents would survey the house once the policy is bought and in the event of a claim, the sum insured will be paid after investigations.
The company has also launched Chola Healthline Individual with three variants covering up to Rs 10 lakh.
This healthcare policy covers dental care and ayurvedic treatment; most health insurance policies do not insure these.
Usually, non-life insurers do not cover maternity expense for individuals. Only standalone health insurance companies cover maternity expenses with a 2-4-year waiting period. This means, the claims can be made only after expiry of the stipulated period after buying the policy.
This new policy of Chola covers maternity expenses for a sum insured of over Rs 3.5 lakh, with a five-year waiting period.
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