Cholamandalam MS General Insurance is a name in the insurance industry that aims to deliver stress-free car ownership to everyone. They have become a pioneer when it comes to car insurance policies. Cholamandalam has car insurance plans for both personal and commercial vehicles.
Cholamanadalam MS General Insurance offers car insurance plans like third-party, own-damage and comprehensive insurance. With the comprehensive car insurance plan, they offer cover for the damages caused by natural disasters.
All these car insurance policies protect you from any legal or financial liability that may arise due to a collision or accident. The policy covers your car for damages or losses sustained in such an event.
A few of the highlights of Cholamandalam Car Insurance are:
All these car insurance policies protect you from any legal or financial liability that may arise due to a collision or accident with a third party. In this guide, we will learn everything about Cholamandalam Car Insurance.
Despite being a government mandate, third-party motor insurance has been only available offline.
The online process of getting car insurance reduces time consumption, revolutionizing the entire insurance process. Earlier, it took several days to go through the policy papers. But now it takes just a few clicks.
Here are some key features of Cholamandalam Car Insurance which can help you in long run:
Cholamandalam Car Insurance offers the following benefits:
A free towing service of up to Rs 1,500 is available as an add-on.
Cholamandalam MS provides a wide range of add-on covers that allow policyholders to supplement the coverage provided by their car insurance policy.
Add-on Features of Cholamandalam MS Car Insurance:
Chola Assistance for Roadside Emergencies - 24x7 support is available for on-the-spot assistance like fuel delivery and battery topping up and car breakdown assistance like changing a flat tyre or on-site repair.
Cholamandalam provides a simple claim initiation procedure. They direct their clients through the overall process till the final disbursement of the claim amount.
This guarantees a hassle-free experience. Cholamandalam has a large network of over 6,900 accredited garages wherein the clients can complete their entire cashless claim process.
There is no definitive standard that governs whether you should file a car insurance claim or not. If you have purchased the policy to protect yourself against the unaffordable, crippling costs of accidents and other unfortunate happenings, you should reconsider filing a claim for minor damages such as dents in your car.
Follow these steps to file a reimbursement claim for Cholamandalam MS General Insurance:
However, if you do not choose a cashless facility, you must pay for the damages and then send the bills with a claim file to the assessor for reimbursement.
You do not have to give cash to anyone in a cashless claim. Instead, a network medical facility or workshop will cover the cost and settle the claim for you.
For cashless claims, most insurance brokers have agreements with hospitals and garages. The entire cashless claim process is based on confidence between the insurance provider, the hospital network garage, and you.
This is why it is critical to deal with an insurance agent who has a network of resources available to you.
The following documents are needed for cashless and reimbursement claims:
Copy of theft, death, or injury or FIR (in case any)
If you fail to provide any of the papers requested by the insurer, your car insurance claim may be denied. As a result, it is critical to gather all the necessary documents before submitting a claim.
The following are some of the possible causes for a claim being rejected:
A car insurance policy that has expired or is no longer effective.
The no-claim bonus is a rebate on the succeeding year's premium. If you do not make any claims in a year, you will receive a substantial discount on the coming year's premium.
Cholamandalam offers a 20% discount on the second-year premium if you have not claimed it in the previous year. The discount percentage continues to rise. Check the below table for more information.
| No. of Years | Discount Offered |
|---|---|
| One claim-free year | 20% |
| Two consecutive claim-free years | 25% |
| Three consecutive claim-free years | 35% |
| Four consecutive claim-free years | 45% |
| Five consecutive claim-free years | 50% |
A car insurance premium calculator is an online tool to estimate the cost of your insurance premium. To obtain this premium, enter details about your vehicle, such as the make, model, variant, RTO location, registration year, etc.
However, you can also enter your car's No Claim Bonus status to get personalised results. With the accurate premium value generated by the calculator, you can compare and determine suitable premium quotes to get a good deal.
How to Use a Car Insurance Premium Calculator?
Step 1: Select your vehicle's Make, Model, Fuel Type and Variant.
Step 2: Select the year of purchase and the RTO location of your vehicle.
Step 3: Describe the claims you filed during the previous policy period.
Step 4: Click the 'Calculate' button to determine your IDV and car insurance premium.
A car insurance calculator serves as a valuable tool. It can be used to obtain instant quotes on your auto insurance policy. All you have to do is provide the calculator with basic information about your vehicle and coverage requirements.
Correct Insured Declared Value :- With the premium calculator, you can determine your vehicle's correct Insured Declared Value (IDV). With the correct IDV, the actual value of your car that you should receive when filing a claim for theft or total loss of your vehicle can be determined.
Accurate Premium Amount :- Using the premium calculator, you can determine the accurate cost you should pay to insure your car.
Assists in Making Rational Decisions :- After learning the correct values for your IDV and premium, you can make informed car insurance decisions.
Assists You in Choosing the Best Plan :- The correct IDV and premium values for your vehicle allow you to choose the best possible insurance policy from the available quotes.
Contact Details to Claim for Cholamandalam MS Car Insurance
Website: www.cholainsurance.com
Email: [email protected]
Toll-Free Number: 1800-200-5544 (available only from India) 9144-3098 5300 (For Abroad Customers)
The policy documents are required and act as evidence of an automobile insurance contract. While operating a vehicle, all automobile owners are required to carry a copy of their insurance policy. The car insurance policy includes policy coverage, inclusions, exclusions, discounts, terms and conditions, etc.
To confirm the transaction, Cholamandalam MS General Insurance sends the policy document to the policyholders' registered addresses after the insurance is purchased.
You must read the policy document as it contains information on scenarios the insurance policy will cover and events for which no coverage will be offered.
By visiting the website and inputting the policy number, policyholders can easily download the documentation for their auto insurance policies. To download the policy paper online, follow these steps:
Step 1: Go to the Cholamandalam MS General Insurance website.> click on "Customer Services" > scroll down to the "Email Policy Copy" option, > confirm your selection.
Step2: Enter your 17-digit policy number (without any dashes or other special characters) and press the submit button.
Step 3: Log in to the client site and download the vehicle insurance policy document. It will then be emailed to them at their registered email address.
Soon after purchasing a car insurance plan, Cholamandalam MS General Insurance mails the hard copy of your policy document to your registered address.
You can download the paper copy of the vehicle insurance policy document from the company website by entering the Policy Number, Mobile Number, etc.
If it was not mailed for whatever reason, you can download and print the PDF version of the insurance policy to use as a hard copy.
The information submitted in a car insurance policy must be correct and precise.
If you still want to update any information, you can update online by simply going to the "Customer Services" page and choosing the "Change Contact Information" option. Enter your policy number and make the necessary corrections in the policy documents.
You can also reach the Cholamandalam MS customer service staff by dialling 1800-208-5544 or going to the insurer's nearest branch if you have any problems.
It is even easier to update insurance information online for the Cholamandalam MS auto insurance policy. The steps to change your insurance policy information online are listed below.
To change your insurance information, you can also get in touch with the insurer directly.
Car insurance coverage must be renewed every year else your car wouldn't be protected. After the policy expires, the insurance must be renewed regularly.
The first insurance coverage must be in effect for at least three years for new cars. But it can be for any length of time for older cars, with the shortest term being one year.
You can extend an insurance policy from any insurer through Cholamandalam. They provide a quick, easy, and paperless way to renew your auto insurance.
Step 1: Go to the website for general insurance and select the "Renewal" button.
Step 2: Click "Proceed" after selecting "Four Wheeler," entering your "Policy Number/Registration Number,"
Step 3: Verify all the details and make a payment of the renewal cost using a debit/credit card or via Net Banking. You now have a new policy! The insurance will send you a confirmation email for the same.
Call 1800-103-2292 and ask to speak with a representative about renewing your policy. Provide the necessary information and submit a check for payment.
Also, you can Text "CHOLA" to 56677 to get a callback from their representative and start the claim procedure.
Robust services for roadside help.
According to the Motor Vehicles Act, all car owners must have third-party car insurance. Furthermore, paying for third-party damages/injuries caused by your car may lead to substantial expenses.
Having third-party car insurance is thus not only a legal requirement but also a wise decision. There are so many important benefits of third-party car insurance like:
A third-party car insurance policy gives you peace of mind if you are involved in a financially draining traumatic or unfortunate event. As a result, rather than being concerned about these expenses, you will receive immediate stress relief and assistance in dealing with the incident.
Cholamandalam's third-party liability insurance covers any third-party liabilities that may arise as a result of an accident or mishap involving your insured vehicle.
Coverage is provided for third-party injuries/death and property damage up to Rs 7.5 lakh under the Cholamandalam third-party car insurance policy.
According to the Motor Vehicles Act in India, all vehicles operating in any public space must have motor vehicle insurance coverage. Even if they choose the basic insurance plans, policyholders must have at least third-party liability motor insurance coverage.
Getting comprehensive car insurance is always a good idea. It covers both third-party damages and damages to your car. It also covers injuries to the driver if he is the owner.
Maximum coverage is the amount of coverage that an insurance company provides during a given period. If a policyholder requires more coverage than this, they must pay out of pocket or use another type of insurance.
Auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, medical payments, collision coverage and personal injury protection are the most common types of car insurance.
A car insurance policy includes complete coverage of a third-party fire and theft policy. It protects the driver and pays for vehicle damage. You also get compensation for medical expenses, legal fees, and property damage.
Yes. In addition to the 1-year third-party cover, Cholamandalam MS General Insurance provides long-term third liability. New car owners are required to purchase a three-year auto insurance policy.
No. Contractual liabilities i.e. obligations assumed on behalf of another party based on a contractual agreement are not covered by third-party car insurance.
The cost of zero depreciation is determined by the amount insured and the age of the vehicle. However, the company is only obligated to pay a maximum of Rs 20,000 per part for cars that are less than 5 years old.
No. The zero depreciation add-on cover does not provide engine protection. The Engine Cover add-on is required to protect your car's engine from liabilities.
A sunset clause is a clause that allows a policyholder to file claims and the insurer to settle those claims even after the policy expires.