Chola Ms Third Party Car Insurance

Get Car Insurance starting at only ₹2,094/year #
Car Insurance
Processing

Cholamandalam third-party car insurance policy covers the policyholder from unplanned legal and financial liabilities in the case of an unforeseen car accident leading to injuries to a third party or damage to their property.

Read more

  • 8300 Cashless garages

  • Claim assured certificate
  • 96% Claim settlement ratio

Car Insurance

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year #
Looking for Car Insurance?
    Other models
    Other variants
    Select your variant
    View all variants
      Full Name
      Email
      Mobile No.
      Secure
      We don’t spam
      View Prices
      Please wait..
      By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
      Get Updates on WhatsApp
      Select Make
      Select Model
      Fuel Type
      Select variant
      Registration year
      Registration month
      Save & update
      Please wait..
      Search with another car number?

      We have found best plans for you!! Our advisor will get in touch with you soon.

      The Motor Vehicles Act, 1988 has mandated third-party car insurance as the most basic requirement for every vehicle owner to carry while driving on Indian roads. Hence, a vehicle being driven without valid insurance would be deemed illegal by the law.

      Cholamandalam third-party car insurance fulfills this basic requirement by providing you coverage for legal and financial liabilities towards a third-party

      Cholamandalam Third Party Car Insurance Vs Comprehensive Car Insurance

      Before you choose to buy/renew car insurance online, consider going through the following differences between a third-party car insurance plan and a comprehensive car insurance plan.

      Categories

      Cholamandalam Third Party Car Insurance

      Cholamandalam Comprehensive Car Insurance

      Policy Coverage

      Offers protection only for third-party liabilities including third-party property damage cover up to Rs 7.5 lakh

      Protection is provided for bodily/injury/property damage to a third party as well as damage to the policyholder’s vehicle

      Legal Requirement

      It is the most basic mandatory document to be carried while driving

      Not mandatory by the law but highly suggested for enhanced coverage while driving on the road

      Own Damages Cover

      Not provided

      Provided

      Premium

      Cost is comparatively less due to limited coverage

      Higher cost comparatively due to extensive coverage

      Add-on Covers

      Not applicable with a third-party car insurance policy

      Enhanced coverage can be opted for, to make this insurance policy more comprehensive with add-on covers

      What is covered under Cholamandalam Third-Party Car Insurance?

      Cholamandalam third-party car insurance keeps you financially secured against any unforeseen accidents by covering all liabilities arising out of damages caused to a third party. This not only ensures keeping you cushioned against unplanned expenses but also helps drive with peace of mind.

      Following are the benefits offered under your Cholamandalam third-party car insurance:

      • Damage caused to a third-party vehicle/property – You will be covered in case your vehicle causes damage to the vehicle/property of a third in an accident.
      • Bodily damage caused to a third-party– It provides compensation to the third party victim who has been injured in an accident caused by the insured car. It also pays compensation in case the accident leads to the death or permanent disability of the third party victim.
      • Injuries caused to any other individuals in the accident – In case there are additional people injured in the course of the accident, you would be covered against the liability for the injuries sustained by them

      Cholamandalam MS Car Insurance Company promises to cover property/vehicle damages for up to Rs. 7.5 lakh. Additionally, the compensation amount to be paid for any personal damage caused to the third party is decided by the court of Motor Accidents Claims Tribunal (MACT).

      What is not covered under Cholamandalam Third Party Car Insurance?

      If you have made up your mind to choose a third-party car insurance plan over a comprehensive car insurance policy, do consider the following events which are not covered the Cholamandalam Third-Party Car Insurance policy:

      • If the accident was staged or caused deliberately
      • Any damage sustained by the policyholder’s vehicle or any belongings in the car, not just in an accident but also in the case of theft or fire
      • Bodily injury or death of the policyholder
      • Damage caused to the third party via an accident caused due to the owner of the vehicle being intoxicated
      • Any sort of liability occurred due to an accident outside the specified geographic location
      • Contractual liability
      • An accident caused by a vehicle without valid registration or the driver not carrying a valid license
      • Non-adherence to traffic signals such as jumping red lights, driving on the wrong side of the road, or not following the speed limit

      Cholamandalam Third Party Car Insurance – FAQs

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      Save upto 85% on Car Insurance
       Why buy from policybazaar

      Car insurance articles

      Recent Articles
      Popular Articles
      IDV in Car Insurance

      22 Feb 2024

      In layman's terms, the IDV full form is the Insured Declared Value
      Read more
      Must-Have Car Insurance Addons for Brand New Cars

      31 Jan 2024

      Investing in a full-coverage car insurance policy is essential for
      Read more
      No Claim Bonus (NCB) in Car Insurance

      29 Jan 2024

      No Claim Bonus (NCB) is a reward given by an insurer to a
      Read more
      How to Choose the Right Car Insurance for Your First Car?

      17 Jan 2024

      Buying their first car is no less than a milestone unlocked for
      Read more
      Things To Know Before Purchasing Sedan Car Insurance

      12 Dec 2023

      The type of four-wheeler you purchase also impacts its insurance
      Read more
      Check Vehicle or Car Insurance Status/Validity Online
      It doesn’t matter if you are an excellent driver or take your car out only once in a few months; your car must be
      Read more
      Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
      Read more
      Find Car Insurance Details By Registration Number
      Sometimes, you may face situations when you need car insurance or vehicle owner details but cannot readily access
      Read more
      How to Transfer Car Insurance Policy?
      An integral part of selling a car for both the buyer and the seller is ensuring a successful car insurance transfer
      Read more
      Comprehensive Insurance Vs Third Party Insurance
      Comprehensive car insurance offers protection to the insured car against third-party liabilities and own damages due
      Read more

      #Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc

      *Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.

      top
      View Plans
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL