Cholamandalam MS Home Insurance
Cholamandalam MS Home Insurance
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Cholamandalam MS Home Insurance

Chola MS General Insurance Company is a joint venture between Murugappa Group and Mitsui Sumitomo Insurance Company, headquartered in Chennai, India. It produces a range of general insurance products including motor, health, travel, personal accident, home, and so forth. The company currently has 87 branches with over 34,000 agents across the country.

Purchasing a house is one of the biggest investments done by an individual. To look after and secure it from any loss or damage, it is important to avail of Home Insurance. For this, Chola MS has introduced Chola MS Home Insurance that offers financial protection to the insured’s house and its belongings from any mishap.

What are the different types of Chola MS Home Insurance plans?

There are two types of Chola MS Home Insurance plans:

  • Chola Home Package Policy
  • Building - Long Term Cover

Chola Home Package Policy

This insurance policy offers complete protection to the structure of the home, contents, and family members against any damage or loss due to man-made/natural calamities.

Features of Chola Home Package Policy

  • The policy offers coverage against loss or damage caused to the property and its contents (excluding money and valuables) due to fire, lightning, bush fire, explosion, etc.
  • You can avail of coverage for loss or damage against your baggage anywhere in India.
  • The insurance company offers financial compensation in case your garden suffers loss or damage due to rockslide, hurricane, tornado, flood, etc.
  • The insurer compensates in case of the death of the insured’s pet animals.
  • You and your family can avail of personal accident cover only in case of permanent total disablement or death.

Building - Long Term Cover (Long Term Dwellings)

Long Term Dwellings for buildings refers to flat/apartment used for residential purpose owned by insured in a multi-storied/independent building (not of kutcha construction). This policy does not offer coverage for the content inside the building.

Features of Building-Long Term Cover (Long Term Dwellings)

  • You can avail of standard fire and special peril protection under this insurance policy.
  • The sum insured under the policy ranges from Rs.15 lakh to Rs.1 crore.
  • The long term policy is available for tenure not less than 3 years. Its maximum age is 25 years or till the insured property reaches the age of 50 years (whichever is earlier).

How Can I Buy Chola MS Home Insurance Online?

Policyholders can avail of Chola MS Home Insurance through an online process. Follow the below-mentioned steps to purchase the same:

  • Visit the official website of Chola MS General Insurance.
  • Select the ‘Home’ tab and then click ‘Get Quote’.
  • Select between ‘Owner’ or ‘Tenant’ and fill in other details.
  • Enter your basic details and customize the plan accordingly.
  • Make the payment online and you will receive the soft copy of the policy on your registered email id.

Cholamandalam Home Insurance : FAQ’s

1. How can I file a claim for Cholamandalam home insurance?

You are required to intimate about the claim to the insurer by calling 1800-208-5544 (For India) or +91-44-6166-3400 (Outside India). The customer representative of the insurance company will get in touch with you and guide you further.

2. What are the exclusions under the Chola Home Package Policy?

Listed below are some of the exclusions under the home package policy:

  • Any damage or loss happened due to war, invasions, terrorism, etc.
  • Damage caused due to loss of earnings, loss by delays, or other consequential loss.
  • Loss or damage caused due to nuclear war, ionization radiation, nuclear weapons, etc.

3. Can I avail coverage for expenses incurred on conducting death ceremonies?

If you have purchased the Chola MS Home Package policy, you can avail coverage for the same.

Last updated on 06-11-2020