Chola MS Car Insurance

The company's operations are driven by its cornerstone principles of trust, transparency and technology. Its current network comprises of 90 branches spread across the country and is supported by agency channels comprising of about 7,000 agents. To further its reach, the company has created value-added ties with banks and auto financiers.

Chola MS' product portfolio consists of plans that are varied in nature to meet the general protection needs of customers. Their insurance offerings span the spheres of health, car, travel, home and personal accidents.

What is Covered under Chola MS Car Insurance?

Chola Protect offers the following covers:

1. Third-party liability:
2. Unlimited - as per court-decreed expenses to compensate for death/injuries caused to another person
3. Up to Rs.7.5 lakhs for damages to another person's property
4. Own-damage: Losses incurred due to

1. Fire including that caused by explosions, ignition, lightning
2. Theft
3. Civil unrest (strikes/ riots), terrorism, war and related activities
4. Natural calamities like floods, earthquakes, landslides, storms etc.
5. On-road accidents or during transportation
6. Personal Accident: Compensation provided to Owner and passengers
7. Insured's employees (as required by law)

What is not Covered?

Don't be caught unawares! Claims will not be entertained if losses arise due to the following:

1. Driving under the influence
2. Unauthorised driving (i.e. without a valid license)
3. Accidents that could reasonably have been prevented
4. Using the car outside the specified geographical limits
5. Depreciation, general wear and tear
6. Mechanical/Electrical failures
7. Nuclear damages/ War/Terrorism and related activities

Chola Protect goes beyond providing adequate protection with it's unique which enhances it's attractiveness thereby making it a policy of choice for every car owner.

Car Insurance - Who needs it?

1. Third-party liability cover is a must for all vehicles in use on Indian roads. This is mandated by law i.e. driving without third-party insurance is illegal. 
2. Third-party insurance is a policy whereby any loss caused to another person by the insured in the event of an accident will be compensated for by the insurer. Damage includes injury to another person's body or property. It also includes the loss of another person's life. 
3. Own-damage insurance is a policy whereby the insurer compensates the insured for any loss caused by another person. It could be for bodily injuries or damage to property (including the vehicle). Own-damage cover is optional but advisable. 
4. No one can predict when or what kind of damage will result from an accident. It is always in the best interest of the owner-driver to have a comprehensive policy which takes care of financial losses of any kind. 
5. Sometimes mother nature is to blame for unforeseen damages as a result of natural calamities e.g. floods, earthquakes etc. Loss can also occur due to fire and theft. A comprehensive policy takes care of all these events. 

Details of Chola MS Car Insurance Sum Assured:

When a claim is made, the payout is based on the sum insured which is arrived at using either of the following two options:

1. The Insured's Declared Value (IDV):This is arrived at by deducting depreciation* from the car's selling price (as stated by the manufacturer at policy inception/renewal)
2. Invoice Value under the Reinstatement Value Basis option

*Depreciation amount for arriving at IDV is based on the age of the car as follows:

(This relates to Total or Constructive Loss Claims)

Discounts Offered by Chola MS Car Insurance:

Discounts included as part of the plan add to the attractiveness of this offer. They are:

Benefits of Chola MS Car Insurance:

Losing money is bad enough but having to deal with the inconvenience of a car under repairs is worse. It's all the little things that tend to get ignored in a big mishap. Chola MS understands this and presents to its policyholders the following added benefits:

In addition to these, the company also offers online purchase/renewals of policies, quick and easy settlement of claims and cashless repairs at any of its associated garages which are part of a far-reaching network.

Chola MS Insurance Customer Care:

Customers can contact Chola MS General Insurance by dialing the toll-free number, 1800 200 5544. Customer service representatives are available 24/7 to assist you.

For customers staying abroad, the contact number is 9144 3098 5300. You can also request for a call back from the insurer by submitting an online form through the website. The email ID of the customer care team is customercare@cholams.murugappa.com. You can contact the insurer by sending an email.

Other ways in which you can get in touch with the insurer include sending an SMS or mail at the registered address of the company. You can also report your feedback on the website of the insurance company through an online form. In order to find details of the cashless garages of the insurer, select the appropriate option on the insurer's website and update your state and city.

GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017