Cholamandalam Chola Protect Car Insuance

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This car insurance policy provides complete coverage- 360 ° motor protection policy against total financial coverage, car emergency assistance, car breakdown assistance and post accident assistance.

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.


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

Premium Details:

Sum Insured:

Age of the Vehicle

% of Depreciation for fixing IDV

<6 months


6 months-1 year


1 year-2 years


2 years-3 years


3 years-4 years


4 years-5 years


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

Written By: PolicyBazaar - Updated: 25 July 2020