Chola MS Two-Wheeler Insurance
Chola MS General Insurance Company Limited is a joint venture between Mitsui Sumitomo (an insurance company from Japan) and Murugappa Group from India. The company offers a wide range of insurance products that includes two-wheeler insurance for individuals. Moreover, the provider has 152 branches across the country.
Interesting Facts About Chola MS General Insurance Co. Ltd.
- The company offers different types of general insurance policies to individuals and corporates.
- 13,500+ cashless garages are available across India.
- The company has settled 29 lakh claims.
Why Chola MS Two-Wheeler Insurance?
In India, an average individual spends more than 2 hours, which is nearly 7% of the day on the road every day. Moreover, more than 21 crore two-wheelers are registered according to the centralized database VAHAN dated August 3, 2022. With such significant number of two-wheelers purchased in a year, it is essential to get the right two-wheeler insurance coverage to protect from several unforeseen circumstances.
With Chola MS's two-wheeler insurance policy, you can protect your precious possession against the loss or damage caused due to fire, theft, natural calamities, man-made disaster, third-party liabilities, etc. Moreover, you can enhance your policy coverage by purchasing add-on covers like road assistance cover, zero dep cover, NCB protection, etc.
Cholamandalam Two-Wheeler Insurance Features
The following are the salient features of the Chola MS two-wheeler insurance policy-
- Simplified policy purchase and renewal process
- Option to customize IDV as per your preferences
- More than 8500+ two-wheeler cashless garages in India
- The hassle-free claims settlement process
Cholamandalam Two-Wheeler Insurance Coverage
To make your ride stress-free the Cholamandalam offers two types of plans under two-wheeler insurance-
- Third-Party Bike Insurance Policy
- Comprehensive Bike Insurance Policy
|Third-Party Two-Wheeler Insurance||Offers coverage for all types of third-party liabilities, such as loss or damage caused to the third-party property and injury/death of a third party in an accident.
Get Personal Accident (PA) cover of up to Rs. 15 Lakh to the bike owner.
|Comprehensive Two-Wheeler Insurance||Mandatory third-party liability cover.
Damage or loss due to theft, fire, natural calamities, and man-made disasters to the insured bike.
Accidental damages caused to the insured own-vehicle.
Personal Accident cover of up to Rs 15 Lakh to the owner of the insured vehicle.
Cholamandalam Two-Wheeler Insurance Claim Settlement Procedure
With the help of the following steps, you can claim on your Cholamandalam two-wheeler insurance policy-
Step 1-Either you can call 1800-208-5544 or file your claims online by visiting the insurer's official website.
Step 2-The insurer will send the surveyor to the accident spot or garage to inspect the damages and initiate the claim settlement process.
Step 3-To simplify the process, you can intimate claims through LVS (Live Video Streaming). Here you can conduct a real-time assessment where insured vehicle damages can be assessed in real-time.
Step 4-Submit the required documents and get them verified.
Step 5-The insurer will settle the bills directly with the network garage in case of cashless settlement and get your insured two-wheeler repaired.
Cholamandalam Two-Wheeler Insurance Customer Care
For any motor insurance-related queries, you can call at 1800-208-5544 or else contact on WhatsApp at 7305234433 to resolve your insurance queries.
How to Compare and Buy Two-Wheeler Insurance Online?
When buying or renewing your bike insurance online, you have to keep certain factors in mind to get the best deal. Premium, coverage, number of cashless garages, availability of add-ons, CSR of the insurer, etc., are some of the common factors that you check while comparing bike insurance online. To make the comparison and buying process easier, you can visit Policybazaar.com and get multiple insurance quotes in a few clicks.Moreover, you get an option to enhance your policy coverage by opting for add-on cover.
Chola MS Two Wheeler Insurance - FAQs
Ans: The key features of the Chola MS two-wheeler insurance policy are-
- 24*7 customer assistance
- A wide network of cashless garages across India
- Quick & easy claim settlement procedure
- Full depreciation waiver
- Chola value-added services
Ans: According to the IRDA motor insurance annual report 2021-22, the Chola MS ICR is 65.05%.
Ans: Yes, all the insurance policies of Chola MS are ISO certified.
Ans: Some common add-ons available under the Chola MS two-wheeler insurance policy are-
- Zero depreciation cover
- Return to invoice cover
- Roadside assistance cover
- Consumables cover
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