Cholamandalam Chola Protect Car Insuance

Policy Details:

• Coverage for vehicle depends on the manufacturer’s listed selling price less the depreciation for each year or the IDV (Insured’s declared Value).

Policy Benefits:

• Loss Or Damage to the vehicle insured: In case of accident/burglary/theft fire, explosion, self ignition, lightning, terrorism, riots, strikes, rail, air or earthquake, flood, storm, landslide, the car is covered.
• Liability/Legal liability from Injury/Death/property damage of a third party offering unlimited coverage subject to a maximum cover of 750000 INR.
• Personal Accident Cover: Provides for a mandatory Personal Accident Cover for Owner(up to 2 Lacs) and as well as unnamed passengers (10000INR to a maximum of 2 Lacs) including spouse, children, parents, etc.

Additional Benefits:

• Cover for Personal Luggage loss: Market Value of luggage is reimbursed if lost subject to conditions.
• Daily Allowance: Expenses (amounting to 500/1000 INR) are borne which allows to hire a car for a maximum of 5 days per policy period.
• Car key Loss: In case of loss of original key, expenses against duplicate key replacement is borne.
• Cover for driving License loss.

Exclusions:

• Aging, wear and tear, Mechanical/electrical breakdown.
• Damage on account of a person driving without a valid license or under the influence of liquor or drugs.
• Loss/damage due to war, mutiny, nuclear risks or outside India.
• Damage to tyres and tubes unless the vehicle is damaged during an accident

Discount:

• Discount for anti-theft devices on vehicle.
• Automobile Association Membership Discount.
• Voluntary claim Excess/ Deductible.
• No claim bonus.
  

Premium Details:

Sum Insured:

*The above rates may vary. Please check the policy wordings for more details.