Cholamandalam General Insurance Features and Benefits

Chola Mandalam GI Company is a joint cooperation between India’s Muruguppa Group and Japan’s Mitsui Sumitomo Insurance Group.

The insurer follows T3 motto i.e. Technology, Trust and Transparency. In 2001, Cholamandalam GI Co. Ltd. commenced its operations and is now headquartered in Chennai.

In a short period of time, Cholamandalam has opened more than 109 branches across India and also has a widespread presence overseas. For launching innovative products, Chola MS was felicitated with the ‘Financial Insights Innovation Award’ at the Asian insurance Congress.

Chola MS is one of the most renowned insurance providers in the general insurance sector and offers a gamut of products in Travel Insurance, Motor Insurance, Personal Accident Insurance, and Home Insurance sector. The company provides insurance products for both urban and rural population.  

They are also known to offers seamless customer services that make investing in its general insurance plans a safe option.

Benefits of Cholamandalam Insurance

• Sum Assured Options: Chola MS General Insurance plans come with a wide range of sum assured options.
• Comprehensive Coverage: Most of the plans offer comprehensive coverage against various unforeseen circumstances.
• Hassle-free Purchase: At the time of policy purchase the insurer doesn’t require any additional documents from your end.
• Seamless Claims Procedure: Their claim procedure is quite simple and convenient to ease your stress at the time of stress.
• Easy Online Process- The procedure to purchase and renewal policy online is both simple and convenient.

Features and Advantages of Cholamandalam Insurance Plans

Has a wide range of product offerings in different aspects of general insurance covering individual, corporate, and rural insurance

• 24x7 grievance redressal by their customer support team
• Cashless claim settlement facility on multiple offerings
• Easy-to-use online insurance login
• Availability of online general insurance claim form
• Easy to insure process
• Additional benefits available in comprehensive general insurance plans

General Insurance Products Provided by Cholamandalam

For individuals, Chola MS offers a wide range of insurance products such as Travel Insurance, Car insurance, Personal Accident Insurance, Health Insurance, and Home Insurance.

For Corporates and SME's, Chola MS offers personalized insurance products encompassing risk consulting and insurance services such as Liability Insurance, Engineering Insurance, Property Insurance, and Miscellaneous Insurance.

Chola MS Insurance Plans for Individuals

In this category, Chola offers car, health, and travel-related insurance plans for individuals.

• Car Insurance: Chola MS offers comprehensive motor insurance plans for private and commercial vehicles. And the plans include 24x7 car breakdown assistance in case of emergencies and road accidents. Third-party damage cover and in-house damage cover is also provided in the same.
• Travel insurance: Cholamandalam travel insurance policies offer extensive protection against all the perils related to traveling. It includes flight delays, loss of checked-in baggage loss, and even personal illness.
• Personal Accident Insurance: Chola Accident Protection plan is a unique plan that offers financial assistance in case of an accident or an unfortunate event. It offers weekly compensation to Individuals and family members in case of loss of income resulting due to death or accidental disabilities.
• Health Insurance: There are a number of health insurance plans for individuals, families, and senior citizens offering maximum coverage in the time of distress.
• Home Insurance: Chola Total Home Protect Plan provides comprehensive protection for the building infrastructure, the items inside including coverage for the family.

Chola MS Corporate Insurance Products

• Corporate Health Insurance: Chola MS offers group medical insurance plans for corporate entities covering permanent/ partial disabilities as well as an accidental death. Corporate health insurance plans offered by Cholamandalam Health Insurance are designed to offer security to an organization and its employees (including families) with a range of other different plans.
• Marine Insurance: Marine insurance is one of their oldest products compensating for damages occurred to the marine cargo. The value of marine cargo is very high and its transportation can be a tedious task.
  The marine insurance plan ensures the safety of the cargo (throughout the sea journey)untill it reaches the destination.
• Fire Insurance: Cholamandalam fire insurance policy offers protection to all the industries from accidents/damages resulting due to fire.
• Property Crime Insurance: Chola MS Property Crime Insurance offers coverage to businesses and their valuables from any natural disasters and burglary attempts. Any damage caused to the property is recompensed.
• Engineering Projects: The Contractors All Risk policy and Erection All risk policy covers any damage caused to your property during the construction process or even if the building collapses. It includes natural disasters such as water, earthquake, flood, cyclone etc.
• Liability Insurance: Chola MS Liability insurance offers protection to you and your business in case of any legal liabilities and implications arising due to third-party damages.

Chola MS has designed a Special Insurance Plan for Farmers

Crop Insurance: The plan offers financial support to the farmers in case of any damage or loss arising out of any untoward perils. It covers losses occurring due to unseasonal rainfall, pre-sowing and post-harvest losses resulting due to cyclonic rains. There are various other benefits that are provided in this plan.

Cholamandalam MS General Insurance Policy Renewal

To avail uninterrupted benefits of Cholamandalam General Insurance plans, it is required to renew all the plans in time. If not renewed before the due time, your coverage will end and you will also end up losing your No Claim Discount. To avoid any complications, you must renew any of the above plans before the expiry date.

To renew you Cholamandalam General Insurance policies you can go the insurer’s site and choose the online renewal option to save your time and effort.

The process to renew your general insurance plans is listed below:

• Visit the Cholamandalam General Insurance website
• Select ‘Renew Online option
• Go to ‘Renew Your Policy’ option
• Provide all the required details to register yourself
• Now select your Chola MS policy.
• Pay the insurance premium online using your debit or credit card, or net banking.
• Once the payment is made, your policy will be renewed.

The insurer will share your Cholamandalam General Insurance policy on your registered email id. However, you can easily download the policy document and use it for future reference.

To Conclude

As you can see, Cholamandalam general insurance products come with attractive benefits and features at an affordable cost. And it offers extensive coverage with user-friendly insurance plans. You can buy a plan as per your needs and preferences to secure yourself against any stressful situation.