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Last updated on: May 20, 2025
Chola MS Health Insurance and Tata AIG Health Insurance are both reputable providers in India, each offering a range of health plans tailored to individual and family needs. Chola MS is recognized for its simple products, affordable premiums, and efficient claim settlement, including features like lifelong renewability and comprehensive hospital network coverage. Tata AIG, on the other hand, stands out for its customizable plans, extensive add-on benefits, faster claim processing, and a wide cashless hospital network. While Chola MS is often appreciated for budget-friendly options, Tata AIG generally scores higher on customer service and plan flexibility. Choosing between the two depends on whether you prioritize lower premiums and straightforward plans (Chola MS) or broader coverage and enhanced customization (Tata AIG). Always compare plans based on your specific health needs, budget, and desired features before making a decision.
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Read BioHealth insurance is a big decision that every family and individual in India must make, particularly because the cost of medicine is increasing annually. As Chola MS and Tata AIG dominate the private market, a knowledgeable decision is necessary in 2025. The two companies have extensive plans to various needs, so which suits you best? The guide is a full, simple-to-understand comparison of plan highlights, key features, pros and cons, customer experience, expert opinions, real-life examples and other relevant information.
Chola MS Health Insurance is a joint venture of Murugappa Group and Mitsui Sumitomo Insurance Company, Japan. Tata AIG Health Insurance is a well-known product of Tata Group with the American International Group (AIG). Both insurance companies have a good track record in settling claims and offering full benefits in their policies. They offer individual, family, senior citizen and business group health insurance. The comparison presented here in 2025 is based on the most popular plans offered by each of the companies to an average Indian family of four (two adults, two children) living in Tier -1 cities.
Individuals tend to compare these insurers because of:
The aim is to determine which insurance company provides a superior policy regarding price, coverage, omissions and customer service.
People Also Ask:
What is no-claim bonus in health insurance?
It doubles your amount covered at no additional charge as a reward to not claim in the prior policy year.
Did you know?
One 2024 report reported that approximately 32 % of Indian insurance purchasers selected plans with a no-claim bonus, which they perceived to enhance long-term coverage.
We will look at the key points that policyholders should understand before buying: coverage, premium, and the claim process.
| Feature | Chola MS Health Insurance | Tata AIG Health Insurance |
|---|---|---|
| Cashless hospitals | More than 10,500 | More than 8,000 |
| Maximum sum insured | ₹2 crore | ₹3 crore |
| Day-care procedures | 600+ | 540+ |
| No-claim bonus | Up to 100 % | Up to 150 % |
| Maternity cover (add-on) | Yes | Yes |
| Critical illness rider | Yes | Yes |
| OPD cover (add-ons) | Select plans | Select plans |
| AYUSH treatments | Covered | Covered |
| Restoration of SI | 100 % | Up to 100 % |
| Waiting period on pre-existing | 2–4 years | 2–4 years |
Profile: Married couple (37 and 35) with two children (10 years and 7 years).
Plan chosen for comparison:
| Parameter | Chola MS | Tata AIG |
|---|---|---|
| Annual premium (2025) | ₹19,500 approx | ₹22,200 approx |
| Cataract cover | Up to ₹35,000 | Up to ₹40,000 |
| Health checkup frequency | Once in two years | Every year |
| No-claim bonus | Up to 50 % | Up to 100 % |
| Domiciliary hospitalisation | Yes | Yes |
| Parental coverage option | Yes | Yes |
| Maternity add-ons | 2-year waiting | 2-year waiting |
The two plans have improved health management but Tata AIG is more permissive with global coverage on selected plans.
Expert Insight
In 2025, insurance advisors suggest that coverage scope be compared beyond premiums. Free annual health checkups or next-gen rider benefits value-adds can save you more in the long run.
Pros
Cons
Pros
Cons
People Also Ask:
Which insurer is better positioned in terms of claim settlement ratio in 2025?
As of the annual report of the IRDAI, 2023–24 Claim Settlement Ratio (CSR) was 97.8 percent in Chola MS and 98.1 percent in Tata AIG. Both are leaders in reliability of claims.
The two companies have senior and critical illness plans. Tata AIG MediSenior and Chola MS Sarva Suraksha Senior offer options such as day-one cover to some illnesses, shorter waiting periods, and increased bands of sum insured up to ₹25 lakh. The approval of senior plan claims usually takes under six working hours (Tata AIG 2025). Chola MS provides document collection at home in selected metros free of charge.
Did you know?
Lifetime renewable policyholder claims increased by 20 percent between 2022 and 2024, as the Indian seniors have become more confident about health policies.
Technology is becoming more and more convenient in modern health insurance:
People Also Ask:
Is it possible to port Chola MS or Tata AIG health plans out of another insurer?
Both insurers are IRDAI portability compliant, which means that transfer can be carried out easily, and no-claim bonus and credited waiting period may be retained.
Scenario: Shilpa, a 42-year old IT professional based in Delhi, was required to renew her family health cover in March 2025. She relied on an online marketplace to compare premiums, add-ons riders and co-payments.
Outcome: She selected Chola-MS due to its higher number of cashless hospitals in Delhi and a plan that covers maternity and a shorter waiting time, her highest priorities.
Brokers are experts who attest that an online comparison across insurers can assist users to identify actual variations in benefits, exclusions, and network reach.
Both Tata AIG and Chola MS allow annual, half-yearly, and monthly online premium payments. Individuals and HUFs who purchase health plans receive Section 80D Income Tax benefits, to ₹75,000 (in case of insured parents over 60 years).
People Also Ask:
Does OPD cover exist in Chola MS and Tata AIG policies?
Both insurers, yes, provide optional OPD cover as an add-on or stand-alone. This includes doctor visits, diagnostic tests and pharmacy bills outside hospitalisation.
| TL;DR | |
|---|---|
| Both insurers provide good health plans in 2025. | |
| Chola MS suits individuals who focus more on an extensive cashless network and low premiums. | |
| Tata AIG is distinguished by higher amount insured, global coverage and more advanced internet services. | |
| Always compare plans through reputable online market places to compare price, network and feature in real-time. | |
| Check wait times, add-ons, settlement of claims, and customer reviews prior to finalisation. |
| Aspect | Chola MS Health Insurance | Tata AIG Health Insurance |
|---|---|---|
| Founded | 2003 | 2001 |
| IRDAI CSR (2024) | 97.8 % | 98.1 % |
| Maximum sum insured | ₹2 crore | ₹3 crore |
| Cashless hospitals | 10,500+ | 8,000+ |
| Family health cover options | Yes | Yes |
| Digital app for policyholder | Yes | Yes |
| Free annual health checkup | Entry after 2 years | Every policy year |
| Waiting period (pre-existing) | 2–4 years | 2–4 years |
| Wellness rewards | Yes | Yes |
| Senior citizen plans | Yes | Yes |
| Global health cover | Limited | Extensive |
Q1: Does Chola MS Health Insurance include COVID-19 or pandemic-related hospitalisation?
Yes, as all IRDAI-authorised insurers, it includes such hospitalisation in regular plans.
Q2: Is it possible to buy Chola MS or Tata AIG policies when parents are over 65 years?
Both insurers, yes, have senior citizen plans that are lifetime renewable to any age, subject to medical screenings and underwriting.
Q3: Are both insurers cashless claim settlement?
Both are yes, digital cashless claim systems to their policyholders at network hospitals.
Q4: How quickly are claims processed?
In the case of pre-authorised, straightforward cashless hospitalisation, claims are usually cleared in two to six hours at large hospitals.
Q5: Which insurer offers better maternity benefits?
Both have maternity add-ons, with Chola MS having a shorter waiting period.
Q6: What do I do to check which insurer has a hospital close to me?
Check the official sites or compare various health plans with the recent network list on the reliable insurance comparison sites.
Individuals seeking health insurance in 2025 can use credible online marketplaces to compare Chola MS and Tata AIG plans side-by-side to get the correct network, benefits, and pricing information.
How could we improve this article?
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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