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Chola Aarogya Bima Policy

What is the Plan all About?

Chola Aarogya Bima Policy is an affordable health insurance plan and it is available exclusively for Central bank of India customers’. This health plan provides health cover for you and the family with floater sum insured basis.

4 plan variants can be opted under this plan:

  • Plan 1
  • Plan 2
  • Plan 3
  • Plan 4


Key Features

  • Family floater health cover at affordable premiums
  • Cover for newborn child
  • Avail personal accident cover
  • Lifetime renewability

Policy Benefits

  • In-patient hospitalization expenses are covered up to limits mentioned in the Policy.
  • 105 listed surgeries/procedures are covered up to the limits specified in the policy.
  • New born child is covered from day one.
  • A lump sum amount is provided in case of death due to accident. This benefit covers only account holder.

Value Added Benefits

  • Sum Insured can be enhanced at the time of policy renewal.
  • First time policy purchase is allowed up to 75 years of age.
  • No medical check-up is required.
  • Avail tax benefits u/s 80D as per IT Act, 1961 for premium paid for this plan.

Sub Limits

  • Hospitalization expenses are capped.
  • For normal hospitalization, Rs 250, Rs 500, Rs 750 & Rs 1000 per day for Plan 1, 2, 3 & 4 respectively.
  • For ICU hospitalization, Rs 500, Rs 1000, Rs 1500 & Rs 2000 per day for Plan 1, 2, 3 & 4 respectively.
  • Claim amount is capped up to Rs 2500, Rs 5000, Rs 7500 & Rs 10000 for Plan 1, 2, 3 & 4 respectively.
  • Other surgeries/procedures not included in listed surgeries are covered for actual expenses incurred to a maximum limit of 50% of the sum insured per surgery.

Waiting Period Clause

  • Initial Waiting Period: A waiting period of 30 days from the inception date for all hospitalization claims except in case of accidents.
  • Specific Waiting Period: Specific illnesses such as Hernia, Hydrocele, Cataract, etc are covered after 12 months of continuous policy coverage.
  • Pre existing Disease Waiting Period: Any pre-existing ailment/injury that was diagnosed /acquired within 48 months from the issuance of the first policy.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) Adult: 18 Years, Children: 3 Months Adult: 65 Years, Children: 35 Years
Sum Assured Rs 10,000 Rs 50,000
Cover Type Individual/Family Floater -
Policy Tenure 1 Year -
Grace Period 30 Days -
Free Look Period 15 Days -
Riders Nil -


  • War, invasion, act of foreign enemy
  • Outpatient treatment
  • HIV/AIDS & other related diseases
  • Non allopathic treatments
  • External congenital diseases
  • Genetic disorders
  • Treatment outside India
  • Mental disorders, etc.