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Chola MS Car Insurance
  • Quick And Hassle Free Process
  • 5300+ Network Garages
  • 24*7 Customer Assistance
  • High No Claim Bonus
  • Pan India Coverage

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Cholamandalam Car Insurance

Cholamandalam Car Insurance is a fine example of Trust and Transparency. It is a successful joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan. Taking trust as a thread between the company and its customers, it comes out with a wide range of effective insurance plans including Motor, Health, Property, Accident, Engineering, Liability, Marine, Travel and Crop insurance for individuals and corporates. The company stands for Trust, Transparency, and Technology. It has also been recognized and awarded by the Government of India, international entities and rating agencies and delivery innovations.

Network Garages

5300+ Network Garages

For more convenience, the company has ties-up with 5300+ garages that will help customers in getting cashless services in all over India.

Online Renewal And Purchase

Online Renewal And Purchase

To provide more ease to the customers, the allows you to avail the required renewal and purchase service from the comfort of your home.

24*7 Customer Support

24*7 Customer Support

To guide you at each and every required step, the helpful team of the organizations is always there. It will provide the much-required assistance to solve all your queries.

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Key Benefits of Chola MS Car Insurance Policy

Renew & Purchase Online

Renew & Purchase Online

The Chola MS Car Insurance is a platform which wants to make each and everything easier for customers made the insurance buying and renewing process a lot easier. The online process eliminates unnecessary paperwork and waiting period.

Cashless Service

Cashless Network Garages

Customers loves the cashless facility with a smooth work process and that's what this company offers. With the help of network garages, you can get cashless repair service without any hassles, the company will take care of the same.

Comprehensive cover

Comprehensive Cover

To deal with various needs of customers, Chola MS Car Insurance plans offers comprehensive plans that will be including third-party cover and own damage cover as well. Apart from this, a wide range of add-on covers as well.

Customer Assistance

Customer Assistance

With a dedicated & helpful customer support team, policyholders have access to connect anytime from anywhere to solve all queries. You can connect with the team 24*7 to get the required assistance and for filing a claim as well.

Hassle-free claim settlement

Hassle-free Claim Settlement

When it comes to filing any claim, the process with Chola MS is quite simple and effective. The company carries a good claim settlement ratio. It works round the clock to offer the much-required assistance.

No claim bonus or NCB

No Claim Bonus or NCB

For every claimless year, you will get huge discounts that will reduce the premium at the time of renewal. For the first claimless year, you will get a 20% discount on the second year premium and so on.

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Types of Cholamandalam Car Insurance Plans

Chola MS Car insurance believes in catering multiple needs of customers and for the same the company has designed two products which are good enough to deal with different requirements at really affordable prices.

  • Motor Private Car Insurance Policy
  • Liability Only Policy

Motor Private Car Insurance Policy

It is the only car insurance policy by Chola MS that offers comprehensive cover to your car as well along with the third-party liability. It will provide coverage against damage to your car, its theft and much more. All the benefits of this effective car insurance policy come at an affordable price which makes it an attractive option among customers.

What does it offer?

  • Comprehensive Cover
    Offers package policy that is liable to provide coverage for both third party cover and own damage cover. Third-Party Property Damage with a maximum cover of INR 7,50,000, in the case of private cars.
  • Accidental Cover
    The company also Offers personal Accident Cover for the owner, driver, and passengers. It really enhances the basic cover.
  • Fixed Daily Allowance
    Under the same, you will receive a daily allowance of around INR500 or INR1,000 to meet the cost of hiring a car (for a maximum of 5 days per policy period) if the insured vehicle is under repair.
  • Roadside Assistance
    Support is available 24x7 for spot assistance, that includes fuel delivery and battery top-up, car breakdown assistance including fixing a flat tire or on-site repair.

Key Benefits

  • Own Damage Cover
    The company offers great protection against the loss that occurs due to an accident caused by external means, burglary, landslides, malicious acts, theft, terrorist activity, fire, lightning, strike or riot, self-ignition, explosion and natural calamities like typhoon, earthquake, and cyclone.
  • Third-Party Personal Liability
    The plan offers unlimited cover to third party liability. In case your liability due to a third party because of an accident which caused by your vehicle, your insurance company will pay to the third party on your behalf whatever the amount is awarded by the court. A maximum of Rs.7,50,000 will be provided.
  • Other Add On Covers
    Several other additional covers are available that includes reimbursement of expenses towards obtaining a duplicate ignition key, compensation for duplicate license and several other charges.

Liability Only Policy

Those who want to invest in third-party liability cover only then this plan is for them. The plan is designed to offer cover to all expenses raised by the court or the third party in case of any mishappening caused by the insured vehicle. The plan will also deal with the costs and expenses incurred with its written consent.

What does it offer?

  • Liability Cover
    This plan is designed in a way that can offer customised solutions against legal liability caused due to property damage or injury to the third party.
  • Add On Benefits
    Apart from the basic cover, the plan offers the opportunity to boost the coverage with some additional covers by paying a nominal charge.
  • Personal Accident Cover
    On choosing this plan, the owner/driver or the cover will be liable to get the cover against permanent total disability or accidental death in case of any mishap

Key Benefits

  • Bonus
    With this effective insurance plan, the insured has the opportunity to get additional bonuses as well such as no claim bonus.
  • Hassle-free Free Claim Process
    You invest in a policy to get the required assistance and this company understands the same very well that's why it comes out with an easier and hassle-free claim process which will be there to assist you anytime
  • Customer Support
    For the ease of customers and to offer full comfort, the company comes out with 24*7 customer assistance service. This feature brings a lot of relief to people when they are stuck in any road emergencies.
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Why Chola MS Car Insurance?

Chola MS is one of the leading general insurance company that carries effective car insurance products to deal with different needs of customers. To serve better the company offers customized products

Cashless Network Garages5300+
No Claim BonusUp to 50%
Third-Party CoverUp to Rs. 7.5 lacs
Roadside Assistance24*7
Claim Ratio79.65
  • Quick and hassle-free claim process
  • Offers package policy which is liable to provide coverage for both third party cover and own damage cover
  • It also offers third-party liability cover that comprises of TP personal liability & property liability.
  • Provides personal accident cover for the owner, driver, and passengers
  • Coverages against damages caused to your car because of an accident, theft, burglary and various other perils.
  • It will also offer optional cover for a personal accident of up to INR 2 lakhs for passengers
  • If you take the help of network garages for the repairs then you will get the cashless facility. There are around 5300+ garages in the list of Chola MS network garage's list.
  • The seamless and hassle-free claims process
  • Allows you to buy car insurance online through simple and hassle-free procedures
  • Quick and easy online insurance renewal process
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Add-on Covers - Chola MS Car Insurance

The company offers a wide range of add on covers to enhance the basic one. Below are a few of them:-

Loss of Key Cover

If you lost the car key, then the plan will be liable to pay the cost of its replacement.

24/7 Roadside Assistance

This add on the cover offers the much-needed roadside assistance when he/she is stuck at any road emergency.

Vehicle Replacement Advantage

With this add on the cover, the insured will be liable to avail replacement cost for the insured vehicle.

Cover for Personal Belongings

In the case where the personal belongings in the car are destroyed because of any unfortunate event then this add on the cover will come out as a savior. A maximum sum of Rs.10,000 will be provided to the insured.

Duplicate License Cover

If the insured loses his/her driving license, an amount Rs.500 will be provided to the insured on obtaining a duplicate license.

Hydrostatic Lock Plus Cover

In case of any type of damage to the gearbox or associated part of the engine because of ingress of water, then in this scenario, the car insurance policy will provide the repair and replacement cover.

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Chola MS Car Insurance Renewal

To keep your Chola MS car insurance active, on-time renewal is an important part of the same. Chola MS provide the easy renewal process that allows you to insure your car from anywhere anytime. This simple process is great as it requires only a few steps and you will get the insurance paper immediately through your email.

Key Features - Chola Car Insurance Renewal

1

Easy and Quick: Chola MS offers a simple and quick renewal process.

2

Affordable: The best thing about choosing Chola MS is its affordable plans. All plans are effective and pocket friendly.

3

Cashless Facility: The company has 5300+ network garages that offer cashless services to all insured people.

4

Roadside Assistance: In case of any emergency on the road, the helpful team of Chola MS is there to provide the much-required assistance.

5

Add Ons: There is a wide range of add on covers to choose from.

6

Cover: Comprehensive cover is there to cover you and the third party liability as well.

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How to Renew Chola MS Car Insurance Online?

  • Take help of our quote section, present at the top of this page
  • Fill the form with some basic details
  • Check all quotes thoroughly on bases of features, benefits, exclusion, etc.
  • Make the payment easily using different payment modes
  • Connect our team of experts, in case of any query
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Cholamandalam Car Insurance Premium Calculation

There is no doubt in saying that you have to pay an amount called premium to grab all the benefits of car insurance. All insurers do follow a rule to decide your premium amount. To know how much you have to pay to keep your car insurance active, you must use or car insurance premium calculator.

The simple formula to calculate the same is:-

Premium = Own Damage Premium – (No claim bonus + discounts) + Liability Premium + Cost of Add-ons

Premium Samples of a few companies

Car ModelVariant PremiumReg. Year
HONDA JAZZ1.2 MT Petrol (1198cc)Rs18052 (with zero dep)2019
MARUTI WAGON RPETROL (1061-CC)Rs15271 (with zero dep)2019
HONDA BRIO1.2 V MANUAL TRANSMISSION Petrol (1198cc)Rs17209 (with zero dep)2019
HONDA ACCORDHYBRID2 Petrol (1993cc)Rs94903 (with zero dep)2019
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Documents Required

Chola MS is one of the leading companies that follow thinking of less documentation and serve more. The company asked for a few documentation and also keep it confidential as well that means you and your details are in safe hands. Below are the documents required for car insurance purchase

  • Application form along with a photograph
  • Driving License
  • Vehicle’s registration.
  • Present Vehicle’s insurance papers
  • Basic KYC documents

Note- Company can ask for more document in case of any need. Moreover, you have to provide copies of all the documents mentioned above, not the original one.

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Claim Process

The company carries a good claim settlement ratio, so you don't have to worry about the same. However, there is a process that you have to follow to file any claim. There are two ways to do the same- cashless claim and reimbursement. Both are different in nature and so the process is. Let's begin with

Cashless Claim

If you are looking for filing claim for cashless settlement in which you don't have to pay anything from your pocket then below is the process that you have to follow

  1. Inform the insurer about the same asap
  2. Let surveyor inspect the whole case and your vehicle as well
  3. Submit all documents to the representative/surveyor
  4. Once it got approved, the insurer or surveyor will communicate further at a network garage
  5. Now the insurer will pay for repairs.
and

Reimbursement

  1. Inform Cholamandalam MS instantly on their toll-free number
  2. File a claim with duly signed Claim Form
  3. Provide the copy of the driving license, RC book, the Policy document
  4. FIR, if required (Kindly note down, contact details of people and vehicle number involved in an accident)
  5. You have to submit estimate bill, original invoice, and payment receipt
  6. The insurer will analyze the case and respond accordingly
  7. Once the claim is approved the respected team will reimburse to you directly
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Chola MS Car Insurance Review

Chola MS General Insurance company is the leading car insurance company. The company provides great and effective products to deal with different needs of customers and that too at affordable prices. The company carries a good claim settlement ratio and easy process of filing the same. It also allows communicating with the support team anytime to clear all your queries.

The company is great in terms of everything whether it is products reputation or the claim history which make it one of the preferred general insurers. Click here to know more about car insurance.

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Chola MS Car Insurance - Faq's

Basically, the cover note that is associated with your car insurance policy will be sufficient for the first two months of buying the policy. However, after that specified time period, you would require to have the formal policy document for processing all claims. Well, your policy will be invalid in case of absence of formal policy document.

Simply brokers are far better than the agents. Agents will be partial and will stick to the plan in which they are getting better profits. Brokers receive the same amount from insurance companies, irrespective of all form of insurance policies they deal in. Views are likely to be more objective and they are certainly well placed to suggest the best options for you.

Cashless facility is always a better choice, but you should not overestimate their value. If you have a policy which carries the cashless feature that means that they have established tie-ups with a range of garages and service centers. It would be vital for you to check all their network garages that will be beneficial for you in the future. For example, if most of the stations are far away, such a cashless policy may not prove to be of much use.

Yes, it is! It is very important to opt for insurance for the passengers as well as the driver, in order to be completely assured of total safety. In case of an unfortunate accident or mishap, such an insurance policy could prove to be very useful.

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Last updated on 13-11-2019