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Cholamandalam MS General Insurance Co Ltd, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance group of Japan, has launched the Chola Family Floater Health line Insurance Policy offering hospitalisation coverage for young and growing families.
Key features of the policy include the age of entry up to 65 years; renewal till lifetime of the customer and no medical check up to 55 years. This policy offers cover for self, spouse and up to three dependent children under one floater sum insured, says a company press release.
In addition to the regular hospitalisation coverage, the policy offers maternity cover and Ayurvedic treatment. It offers sum insured ranging from Rs 2 lakh to Rs 15 lakh, and the premium will depend on the family size, age of senior more member and sum insured chosen, the release said.
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