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					OVERSEAS TRAVEL PRODUCTS FROM

     CHOLA MS
About Chola MS

Cholamandalam is a constituent company of the USD 2 Billion Murugappa
group
The Murugappa group is the only Indian (& Asian) business house to be
awarded The Distinguished Family Business Award (2001) from the
International Institution of Management Development, Switzerland .
Murugappa is well known by its products and the companies like TI cycles
(BSA SLR, Hercules etc.), Carborundum Universal, Parryware, Coramandel
Fertilizers , Godavari Fertilizers ,Parry’s confectionery & Cholamandalam
Investment and Finance company .


 Mitsui Sumitomo Insurance Co Ltd, (MS) is one of the largest insurance companies,
 operating in the core business of non-life insurance, and with operations spanning
 36 countries across the globe
 1 October 2001, from the merger of Mitsui Marine and Fire Insurance Co Ltd and
 The Sumitomo Marine & Fire Insurance Co Ltd – formed the second largest
 insurance company in Japan
       Travel Product Group
       Umbrella Overview

                             TRAVEL PRODUCT TREE



                              ANNUAL MULTI                                  PRAVASIYA BHARATI
 SHORT TERM TRAVEL                                    STUDENT TRAVEL
                                  TRIP                                         BIMA YOJNA

                                                                                     INR 500000


  SILVER        GOLD      SR CITIZEN         SILVER        GOLD        PLATINIUM

USD 50000    USD 100000   USD 50000            USD 50000 USD 50000      USD 50000
                                               USD 100000 USD 100000    USD 100000
USD 100000   USD 250000
                                                          USD 250000    USD 250000
                                      GOLD

                                  USD 100000
                                  USD 250000
Short Term Travel Product - Coverage

 Silver Cover


  Benefits                                      Sum Insured ( USD )         Deductibles ( USD )
  Medical Cover                                 50K / 100K                  100
   Repatriation of remains                      7,500( within the overall   -
                                                medical limit )
  Dental Treatment                              250                         50
  Checked Baggage Loss                          250                         -
  Checked Baggage Delay                         100                         12 hrs
  Passport Loss                                 150                         30
  Personal Accident - Overseas                  10,000                      -
  Personal Liability                            100,000                     -
  Hijack Relief Benefit ( $ 100 / day ; max 7   700                         12 hrs
  days )
  Personal Accident – Domestic*                 INR 100,000
   Short Term Travel Product - Coverage

       Gold Cover

Benefits                                                 Sum Insured ( USD )                         Deductibles ( USD )

Medical Cover                                            100K / 250K                                 100
  Repatriation of remains                                7,500( within the overall medical limit )   -

Dental Treatment                                         250                                         50
Checked Baggage Loss                                     1000( 500 for Medical SI 100K )             -
Checked Baggage Delay                                    100                                         12 hrs
Passport Loss                                            250                                         30
Personal Accident - Overseas                             25,000 ( 10,000 for Medical SI 100K )       -
Personal Liability                                       100,000                                     -
Hospital Daily Cash ( $ 25 / day for max 14 days )       350
Financial Emergency                                      250                                         -
Hijack Relief Benefit( $ 100 per day ; max of 7 days )   700                                         12 hrs
Personal Accident – Domestic*                            INR 250,000
Trip Cancellation                                        500                                         50
Trip Curtailment                                         500                                         50
Trip Delay ( $ 10 per 12 hrs; max 150 )                  150                                         12 hrs
International Driving License Loss                       100                                         25
Home Burglary ( Contents - First Loss basis )            INR 200,000                                 INR 2500
Short Term Travel Product - Coverage
 Senior Citizens( 71 – 80 yrs )

 Benefits                                                    Sum Insured ( USD )         Deductibles ( USD )
 Medical Cover                                               50K                         100
  Repatriation of                                            7,500                       -

   remains( within the overall medical limit )
 Dental Treatment                                            250                         50
 Checked Baggage Loss                                        250                         -

 Checked Baggage Delay                                       100                         12 hrs
 Passport Loss                                               150                         30
 Hijack Relief Benefit(100 per day ; max of 7 days )         700                         12 hrs
 Personal Accident - Domestic                                INR 100,000                 -

 Limits under Medical SI
             any one illness                     : USD 12,500 ( 71 – 75 yrs ) // 76 – 80 yrs : USD 10,000
             any one accident                    : USD 25,000

 Medical check-up mandatory : Insured to bear the cost of same. Pre defined format for Medical Check-up/tests.
 Internal medical vetting of reports for risk acceptance/rejection

 List of Tests for Senior Citizen : Medical Examination Report, FBS , CBC , Total
 Cholesterol Serum Creatnine , SGOT and ECG
    Product USPs

•   Unconditional cover*
     – Covers adventure sports like bungee jumping / parasailing / paragliding / deep sea walk /
       trekking etc
•   Door to door coverage
     – personal accident cover from residence to international airport and back
•   Per day rates
     – Pay for your actual duration and not for prefixed slabs
•   Coverage up to 70 yrs with out medical check-up ( except that for the 61 – 70 yrs
    category, above 90 days trip duration, if the Insured has declared any pre existing condition or
    illness then Medical check-up is mandatory )
       – Hassle free and simple to purchase
•   Cashless settlement of hospitalisation claims abroad
     – Tie-up with Mercur Assistance of Germany for settlement of medical claims, overseas
•   Coverage up to 360 days
•   2 Coverage options – Silver & Gold
•   Online policy issuance
     – Convenience for last minute changes
•   New geographical scope - Asia Pacific( excl. Japan )
     – Extra price advantage ( includes the continents of Asia – except Japan - and Australia )



            * Risk I / Risk II applies
Annual Multi Trip Travel Product - Coverage
    Gold Cover
Benefits                                                 Sum Insured USD - AMT               Deductibles ( USD )
Medical Cover                                            100K / 250K                         100
  Repatriation of remains                                7,500( within the overall medical   -
                                                         limit )
Dental Treatment                                         250                                 50
Checked Baggage Loss                                     1000( 500 for Medical SI 100K )     -
Checked Baggage Delay                                    100                                 12 hrs
Passport Loss                                            250                                 30
Personal Accident - Overseas                             25,000 ( 10,000 for Medical SI      -
                                                         100K )
Personal Liability                                       100,000                             -
Hospital Daily Cash ( $ 25 / day for max 14 days )       350
Financial Emergency                                      250                                 -
Hijack Relief Benefit( $ 100 per day ; max of 7 days )   700                                 12 hrs
Personal Accident – Domestic*                            -
Trip Cancellation                                        500                                 50
Trip Curtailment                                         500                                 50
Trip Delay ( $ 10 per 12 hrs; max 150 )                  150                                 12 hrs
International Driving License Loss                       100                                 25
Home Burglary ( Contents - First Loss basis )            -                                   INR 2500
Product USPs

 • Annual Multi-trip Plans
    – Apt for frequent individual travellers
    – Available in 3 geographical scope : W / X / AP
    – Trip duration options of max. 30 / 45 / 60 / 90 consecutive travel days
Salient Features

 • Personal Accident – Domestic
    – Door to door coverage.
        • Most travel policies commence only upon crossing the international border
          of India leaving you at your own risk during your movement from your
          residence to the airport of international departure. With Chola you stand
          covered
 • Trip Cancellation
    – Compensation for non refundable expenses on cancellation of tickets,
      hotel bookings & scheduled tours if the trip is cancelled prior to
      commencement due to
        • Death or Critical Illness of self or family members
        • Aircraft being delayed for at least 24 hrs due to strike/riot/weather/break-
          down etc
        • Serious damage to the house due to fire / flood / quake etc
Salient Features
 •   Trip Curtailment
      – Compensation for non refundable expenses on cancellation of tickets, hotel
        bookings & scheduled tours if the trip is cancelled( curtailed ) after
        commencement due to
           • Death or Critical Illness of self or family members
           • Aircraft being delayed for at least 24 hrs due to strike/riot/weather/break-down etc
           • Serious damage to the house due to fire / flood / quake etc
 •   Trip Delay
      – Compensation towards expenses on meals & lodging in the event of a trip
        delay, in excess of 12 hrs, wherein the airline has not provided for the same.
        The delay should be due to :
           •   Severe weather condition
           •   Strikes or any other industrial actions of the employees
           •   Aircraft breakdown
           •   Loss of passport
 •   Home Burglary
      – Compensation on a first loss basis towards the loss of or damage to the
        contents at home, whilst you are abroad
 •   International Driving License loss
      – Compensation towards duplicate or fresh license in the event of loss of the
        license abroad
        Student Travel
Suitability
  The policy covers persons in the age group of 16 years to 35 years. (Persons above
the age of 35 years can be covered at the discretion of the company on merits)
B The policy can be issued to students only

 Cover Number                                          Deductible     Platinum        Gold          Silver
   1.                                                                      $50,000
          Medical Treatment including Transportation          $100                        $50,000       $50,000
                                                                          $100,000       $100,000      $100,000
          of Mortal Remains up to $ 7,500/-                               $250,000
   2.                                                                                    $250,000      $250,000
          Medical Expenses Extension                          $100        Included            NA             NA
   3.
          (sublimit to medical Treatment above)
          Dental Treatment                                    $100           $250            $250        $250
   4.
          Total Loss of Checked Baggage                         Nil        $1,000        $1,000              NA
   5.
          Personal Accident - Overseas                          Nil       $25,000       $25,000              NA
   6.
          Personal Liability                                    Nil      $100,000      $100,000              NA
   7.
          Bail Bond                                             Nil        $5,000        $5,000              NA
   8.
          Study Interruption                                    Nil        $7,500        $7,500              NA
   9.
          Sponsor Protection                                    Nil       $10,000       $10,000              NA
   10.
          Personal Accident – Domestic                          Nil   INR 200,000    INR 200,000             NA
   11.
          Compassionate Visit                                   Nil       $ 7,500        $ 7,500             NA
Salient Features – Student Travel
Compassionate Visit:
The insurer shall pay compensation, to the insured in the event of compassionate visit by on
immediate family member, up to the amount stated in the policy.

Sponsor Protection:
In the event of injury to the insured’s first named sponsor as stated in the enrolment form
resulting in death in any form, the insurer shall reimburse the insured the tuition fees
incurred for the remaining period of this education up to the maximum limit stated in the
policy schedule

Study Interruption:
The insurer shall pay the insured, compensation in the event of study interruption up to the
amount states in the policy schedule.

Bail Bond:
 If the insured is arrested or detained by the police/judicial authorities of the place at which
he has specified in the proposal form whilst abroad and if the offence for which he is
arrested or detained is bail able, then the amount up to the maximum specified against this
benefit in the policy schedule to the policy, will be provided to the appropriate authority,
subject to terms and conditions and the exclusions.
Note: The above narrations are summarized, for detailed amounts of coverage, exclusions and other terms please go thru
the policy wording.
    Student Travel USPs
1) Standard Coverage in line with foreign university norms
2) Out patient & hospitalisation medical expenses covered for 1 year
3) 2nd year extension available
4) Special Medical Extension available (Platinum Plan) - to make it university specific

          * Treatment of mental / nervous disorders including alcoholism / drug
            dependency
          * In patient medical expenses related to pregnancy
          * Medical expenses for inter college sports injuries
          * Cancer screening and mammography examinations
5) New Geographical Scope - Asia Pacific (excl. Japan)
6) Door to Door coverage
7) Cashless hospitalisation abroad
8) Extra Savings - available in Indian rupees & thus much cheaper than cost of insurance abroad
Special Terms & Conditions

 •   Medicals check –up is not required for the product uptil the age of 70 yrs ( except that for the 61 – 70 yrs category, above 90 days trip duration, if
     the Insured has declared any pre existing condition or illness then Medical check-up is mandatory )
 •   Minimum age shall be 6 months and maximum 70 yrs( except for family plans )
 •   For family plans it shall be 6 months and 60 yrs for parents and up to 25 yrs for kids.
       –     Sum Insured limits are applicable per person
       –     For family price to be applicable the composition has to be
                •    Minimum 2 adults ( self + spouse ) & 1 kid = 3 members
                •    Maximum 2 adults ( self + spouse ) & 4 kids = 6 members
 •   Maximum initial trip duration shall be 180 days. The policy can be extended once by a maximum of another 180 days
       –     For age up to 60 yrs, the maximum trip duration including the extension shall be 360 days
       –     For age above 60 yrs, the maximum trip duration including the extension period shall be 180 days
 •   Extension premium = premium payable for the total trip – premium already paid
       –     Max one extension permitted under the product
 •   Deductible is charged for each separate incident reported even though the claim may be registered under the same benefit more than
     once
 •   Adventure sports are covered only if applicable additional premium is paid for
       –     100 % for Risk 1 : professional / semi-professional, amateur sportsperson ( games not requiring physical exertion of more than normal
             nature like billiards/carom/snooker/chess etc are not considered as Risk 1 and are treated as normal risk only
       –     200 % for Risk 2 – any sporting activity that is dangerous eg of indicative activities are parachuting / parasailing / bungee jumping /
             mountaineering /
 •   Premium Chargeable depends upon
       –     Age
       –     Duration
       –     Sum Insured
       –     Coverage
       –     Geographical Scope
 •   Pre existing disease/illness means any ailment / condition which is existing prior to undertaking the trip abroad. These are specifically
     excluded from the scope of the insurance cover
 •   Terrorism is an exclusion under the entire scope of cover except under Hijack benefit wherein it is a special exclusion. Infact, the befit
     is likely to arise only out of a terrorist act ( leading to hijack )
Cheers !

				
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posted:1/6/2011
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