Home Insurance

Choose the best home insurance policy at PolicyBazaar and safeguard your house from natural and man-made disasters.

Cholamandalam Home Insurance

Cholamandalam Ms General Insurance Company Ltd. is a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. Chola Ms brings a host of specially designed insurance plans such as Accident plans, engineering plans, health plans, etc. The group has been doing extremely well in the Indian market through a vast network of 113 branches and 7500 agents.

Home Insurance Plans

Having their own house is an integral part of every person. No matter how big or small, Flat or Bungalow, every person dreams about it. After all, having your own house is a symbol of both financial affluence and emotional safety. However, one can’t deny the fact that the house is prone to many potential threats like burglary, theft, fire, and natural disasters like earthquakes, tornados, and storms.

Thus, it needs care, safety, and protection from any of unforeseen damages and disasters

The Cholamandalam home insurance plans are an ideal way to protect and safeguard the hard-earned serene dwelling from such unexpected dangers. The home insurance plans offered by Chola Ms not only protect the house externally but also cover the assets and valuable owned along with the structure.

Chola MS Home Insurance Package Plan

  • comprehensive home insurance plan that protects your valuable property not just on the whole but also the structure, the home contents, and the family members against unforeseen unfortunate and unforeseen events.
  • An option to protect and safeguard your complete assets along with the home. 
  • Protection from burglary & housebreaking to domestic and electrical appliances, and even the structure & contents of the house.
  • Plan covers for self-owned houses as well as contents of rented houses.
  • Low premiums & Flexibility to choose the cover as per requirement.
  • Simple documentation and hassle-free onboarding process.
  • Dedicated customer support for all your questions and issues.
  • Quick and simple claim process.

Cholamandalam Home Insurance Coverage

  • Damage to the home due to factors such as fire, earthquake, lightning, landslide, flood, cyclone, and storm, overflow/bursting of water tanks, strikes, riots, malicious acts, acts of terrorism, and damage due to aircraft or any articles dropped from an aircraft.
  • Damage and loss due to house break-ins or burglary
  • Damage or loss of Jewellery and valuables belongings, due to accident or misfortune within India
  • Accidental breakage of Plate glass.
  • Mechanical or electrical breakdown of Domestic appliances.
  • Total loss due to mechanical or electrical breakdown or due to an accident of Domestic electronic equipment.
  • Loss or damage to baggage during travel within India
  • Personal accident cover in the event of loss of life and repatriation of mortal remains for up to four persons.
  • Cost to conduct death ceremonies.

Cholamandalam Home Insurance Plan Exclusions

  • Loss, destruction, or damage caused by war, invasion, the act of a foreign enemy, hostilities or warlike operations, civil war, mutiny, etc.
  • Loss or damage due to depreciation or wear and tear.
  • Loss of earnings, loss by delay, loss of market, or consequential or indirect loss or damage of any kind or depreciation including those caused by spoilage.
  • Loss, damage, or destruction of the insured property due to pollution or contamination.
  • Damage or loss to motor house/property, cycles, or livestock.
  • Damage or loss to consumable items.
  • Damage for which the supplier or the manufacturer of the property is responsible, under the Maintenance Agreement.
  • Defects, flaws, partial fractures, or cracks that develop over time but do not necessitate immediate stoppage, although repair or replacement of the parts might be needed in the future.
  • Deterioration, wearing away or wearing out of any item due to normal use or exposure.
  • Damage due to wilful gross negligence or a willful act of the plan holder or his employee(s).
  • Damage is caused by faults that pre-existed the commencement of the current insurance plan and not known to the plan holder, regardless of whether such defects or faults were known to the company or not. 

Chola Long Term Dwellings

  • Long Term Dwellings for Buildings is a unique insurance cover plan covering apartments or flats that are used for residential purposes.
  • This plan is owned by the policyholder who is located in an independent building or multi-story building which does not come under Kutcha Construction. The building must include the superstructure that includes windows, doors, plumbing, and electrical work.
  • This plan does not include the contents that are inside the building.
  • The normal tenure of this policy is one year and hence it is renewable every year. However, a policy for the long term can be issued for a tenure of not less than three years for insuring the premises used as a residence. 
  • The maximum tenure for this policy is 25 years at one time or until the policyholder reaches the age of 50 years, whichever is earlier.
  • The policyholder has to submit the full premium amount at the starting of the policy and a discount in the premium is offered for such insurance for the long-term.
  • The sum insured from Rs. 15 lakhs to Rs. 1 Crore for the building is offered. A policy seeker can select from various available options.

Cholamandalam Home Insurance Plan Benefit

This Home Insurance plan for long term dwellings protects against the below-mentioned situations for buildings:

  • Fire, lightning, implosions, explosions, strike, riots, or malicious acts
  • Earthquakes, landslide, and subsidence including the rockslide
  • Flood, inundation, storm, typhoon, tempest, tornado, hurricane, or cyclone
  • Missile testing operations
  • Acts of terrorism (optional) 

General Terms and Conditions of the Cholamandalam Home insurance Plans

  • Notice shall be given in writing to the Company immediately upon the occurrence of an accident and in the event of any claim. Every letter claim writ summons and/or process shall be forwarded to the Company immediately on receipt by the insured.
  • Notice shall also be given in writing to the Company immediately the insured shall know any impending Prosecution Inquest or Fatal Inquiry in respect of any accident which may give rise to a claim under this Plan.
  • No admission, offer, promise, payment, or indemnity shall be made or given by or on behalf of the insured without the written consent of the Company which shall be entitled if it so desires to take over and conduct in the name of the insured the defense or settlement of any claim or to prosecute in the name of the insured for its benefit any claim for indemnity or otherwise and shall have full discretion in the conduct of any proceedings or the settlement of any claim and the Insured shall give all such information and assistance as the Company may require.
  •  If the Company shall make any payment in settlement of any claim and such payment includes any amount not covered by this Plan the insured shall repay to the Company the amount not so covered.
  • The insured shall take all reasonable steps to maintain the insured property in efficient condition and the company shall have at all times free and full access to examine the insured house/property or any part thereof.
  • The Company may cancel the plan by sending seven days to notice by recorded delivery to the insured at the insured's last known address and in such event will return to the insured the premium paid less the pro-rata portion thereof for the period the plan has been in force or the
  • Return of the premium by the company will be subject to retention of the minimum premium of Rs.100/- (or Rs.25/- in respect of house/property’s specifically designed/modified for use by blind/handicapped/mentally challenged persons). Where the ownership of the house/property is transferred, the plan cannot be canceled unless evidence that the house/property is insured elsewhere is produced.
  • If at the time of occurrence of an event that gives rise to any claim under this plan there is in existence any other insurance covering the same liability, the Company shall not be liable to pay or contribute more than its ratable proportion of any compensation, cost or expense.
  • If any dispute or difference shall arise as to the quantum to be paid under this plan (liability being otherwise admitted), such difference shall independent of all other questions be referred to the decision of a sole arbitrator to be appointed in writing by the parties to the dispute or if they cannot agree upon a single arbitrator within 30 days of any party invoking Arbitration, the same shall be referred to a panel of three arbitrators comprising two arbitrators one to be appointed by each of the parties to the dispute/difference, and a third arbitrator to be appointed by such two arbitrators who shall act as the presiding arbitrator and Arbitration shall be conducted under and by the provisions of the Arbitration and Conciliation Act, 1996.
  •  The due observance and fulfillment of the terms, conditions, and endorsement of this Plan in so far as they relate to anything to be done or complied with by the insured and the truth of the statements and answers in the said proposal shall be conditions precedent to any liability of the Company to make any payment under this Plan.
  •  In the event of the death of the sole insured, this plan will not immediately lapse but will remain valid for three months from the date of the death of the insured or until the expiry of this plan (whichever is earlier). During the said period, the legal heir(s) of the insured to whom the custody and use of the Motor House/property passes may apply to have this Plan transferred to the name(s) of the heir(s) or obtain a new insurance plan for House/property.
  • For cases where such legal heir(s) desire(s) to apply for transfer of this plan or obtain a new plan for the house/property, such heir(s) should make an application to the Company accordingly within the aforesaid period. All such applications should be accompanied by: -
    • Death Certificate in respect of the insured
    • Proof of title to the house/property
    • Original Plan.

Cholamandalam Home Insurance - FAQ's

  • How to pay a premium? What are the modes of payment available?

    You can pay your insurance premium in THREE ways

    Direct Bank Debit (Auto Debit): You can avail the auto-debit facility/directly transfer the cash to the Cholamandalam MS General Insurance’s bank account.

    Online Payment: Pay your premium online using your Debit/Credit card on the e-Portal

    Mobile Payment: Recently the insurer has launched a mobile application to pay the insurance premium.

  • How can I check my policy status for Cholamandalam home insurance?

    Existing policyholders can log into the insurer’s website with their valid login details to check the policy status. New users must create their accounts first and then can check their policy status. It just takes 5 minutes to register.
  • What is the policy renewal process for Cholamandalam home insurance?

    Online or mobile registered users can directly renew their policy on the go. However, for others, they must visit any of the nearest branches in the city to fill up the renewal form and attach a cheque of the premium amount.

    Process for online users

    Step 1: Please log in with your login ID and password on the e-Portal

    Step 2: Choose mode of Payment- Debit/Credit card, Net Banking

    Step 3: Complete payment and print the cyber receipt

  • What is the company process to settle the claim for Cholamandalam home insurance?

    Cholamandalam MS General Insurance ensures claims are settled within a specific period of 30 days, provided the claims form is duly filled and the essential documents are attached and deposited in any of the branches in the city.
  • What is the policy of the cancellation process for Cholamandalam home insurance?

    To cancel the policy you need to walk into any of the nearest branch offices in your city with your policy documents and a duly filled surrender form. The premium refund will be made, upon deducting the applicable charges.
Written By: PolicyBazaar - Updated: 14 September 2020
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 26 Reviews)
Cholamandalam Home Insurance Reviews & Ratings
3.9 / 5 (Based on 26 Reviews)
(Showing Newest 15 reviews)
Baarod, September 11, 2020
Great plans
I have got the various good home insurance plan from the policybazaaar. It is a unique plan which helps in dealing with my home and content and keep it safe. Thank you so much policybazaar for giving me best cholamandalam home insurance plan.
Hadol, September 11, 2020
Low premium price
I have got the cholamandalam home insurance policy online from policybazaar and it has been a best thing for me. The premium rate of the policy is very less and convenient.
Ooty, August 02, 2016
Good Plan
My home insurance plan is perfect which provides the full coverage of any cause. The reimbursement is there for natural calamities and theft, burglary, housebreaking etc. The policy recover the valuable items and belongings too.
Haldaur, July 21, 2016
Home plans
Home insurance plan for my house is from cholamandalam ms insurance. Policy was suggested by my colleague, Premium of the plan is normal but the returns are much more than that. The lost items, belongings, valuables are reimbursed.
Adaspur, July 05, 2016
Home Insurance
This insurer provide me fantastic home insurance plan which has lots of benefits. Premium is less and the reimbursement is there for all the valuable staff. Policy coverage is high and claiming is very easy due to fast service and it can be done on online service which is very simple to use.
Alibag, June 24, 2016
Fair Insurance Policy
The home insurance plan for my new house is gifted by my father which has many benefits like many belongings are insured by the insurance policy. Service provided by the company members is fantastic which is fast and on time too. The theft, burglary, housebreaking problems is not an issue because the lost is reimbursed. Good work.
Mangalore, June 03, 2016
Perfect Home Insurance
I get home insurance plan from cholamandalam ms general insurance. The benefits are many and it reduces lots of tension of theft, burglary and housebreaking. The company reimburse the loss of the policyholder. The premiums are low and the policy coverage is high ~90%. Claiming is really very easy because the service is fast which is facilitate by the executives and the staff members.
Greater_noida, June 03, 2016
Excellent Work
I got really very nice policy, cholamandalam home insurance plan. The premium is low and the policy coverage is high. Home insurance plans covers the loss from burglary, fire and natural calamities. The plans cover for jewellery, valuable art work and other valuables too. Executives facilitate good service. Good work.
Gwalior, June 03, 2016
Quality Investment
My home is secure with cholamandalam home insurance plan. The policy is great which have low premiums and the returns are high. The belongings like glass plates, cycle, etc. are insured in the plan. The service you provided is fast and always on time. Good service and behaviour is serve from executives and staff members. I like the policy.
Ulhas_nagar, June 03, 2016
Poor Policy
The policy plan i have is cholamandalam home insurance plan. The premium is high but the returns are not. Service is bit slow which is facilitate by the staff members. The internet service is not good. Please improve your insurance policy. Not satisfied.
Rameswaram, June 03, 2016
Awesome Plan
Recently buy a house, now I purchase home insurance from cholamandalam ms general insurance. My home insuracne is nice and I took it in very low premiums. The policy coverage is high ~88% and the claims are high too. Service provided by you is fast and the behaviour of the staff members is nice. Me and my family members are happy with your services.
Jodhpur, June 03, 2016
Fair Policy
My cholamandalam home insurance plan is fantastic. The policy coverage is high ~85% and the claims are even better. Service is fast which is facilitate by the executives and staff member. Daily updates are send to me regularly. Good future investment which secure lots of belongings too.
Rampur, June 03, 2016
Normal Plan
I purchase cholamandalam home insurance policy. The policy coverage is good ~90%. The premiums is low and the claims are high. There are many benefits through this policy. Many items and belongings are insured in the plan. Service is fast which is facilitate by the executives and the staff members.
Port_blair, June 03, 2016
Not Satisfactory
The cholamandalam home insurance plan is not what I expected. The service is slow and the premium is high. Policy coverage is low and claims take much time to sanctioned. Please improve the policy and yes the internet service is okay. Not satisfactory for me.
Jhansi, June 03, 2016
I own cholamandalam home insurance plan. The policy is great with good coverage and the claims are high. The service facilitate by the executives and the staff members is nice. The house insure from many damages and many items and belongings are also secure in the policy plan. Good policy.
Darjeeling, June 03, 2016
Best Plan
Cholamandalam home insurance plan I purchase and happy with it service. The premium is low and the policy coverage is high ~91%. Service is fast and on time which provided by the executives and staff of the company. Good future investment which reduces my taxes too. House is save from burglary, theft, housebreaking and the loss is reimburse by the company.
Ooty, June 03, 2016
Super Policy
I got cholamandalam home insurance plan. The policy is very good which has low premium. The policy coverage is high ~85% and the claims are good. Service is fast which facilitate by the executives and staff of the company. Good future investment which reduces my taxes.
Haridwar, June 03, 2016
Good Service
I purchase cholamandalam home insurance plan. The policy coverage is high ~89% and the policy claims are high too. The claiming procedure is very simple because the executives and staff members facilitate the best services and the behaviour is also nice and calm. Good investment and the terms and conditions is the best.
Bikaner, June 03, 2016
Damn Good
My house is secure with cholamandalam home insurance plan. The policy coverage is high and the premium is low. Service is fast which is facilitate by the executives and staff members. Good number of items and belonging included in the policy. Daily updates regarding policy is send to me timely.
Nagpur, June 03, 2016
Fantastic Plan
I have cholamandalam home insurance plan which is really very good. The policy coverage and claims are high and the premiums is low. Service is fast and on time. Many more things are secure including the house in this policy. Daily updates are mailed to me. Good service, good policy.
Kolkata, June 03, 2016
High Coverage
I purchase cholamandalam home insurance plan which is very nice. The service is good which provided by the executives and due to this claiming get easy. Policy coverage is high and premium is low. Claims are good, many belongings are insure in this plan with house. Good investment.
Dwarka, June 03, 2016
Okay Policy
Finally got a good home insurance plan from cholamandalam general insurance. Policy coverage is good ~90% and the claims are high. Premium of the plan is low which is good point. The service provided by the staff of the company is really very fast and on time. Nice policy and fair terms and conditions.
Agra, June 03, 2016
Good home insurance plan provided by cholamandalam general insurance. The premium is low and claims are good. Claims easily sanctioned due to fast service facilitate by executives and staff members. This plan covers the accidental loss or damage caused due to personal baggage which the insured person or his family member carries while travelling anywhere in India.
Babhleshwar, June 03, 2016
Fair Policy
I buy cholamandalam home insurance plan. The policy coverage is good. Simple and hassle free plan enrollment with no documentation required. Complete protection of jewelery and other valuable ornaments against burglary, theft, housebreaking. The premium is low and the claims are high.
Ahmedabad, June 03, 2016
I purchase cholamandalam home insurance plan. The policy provide good service which is fast and on time. Good policy coverage and claims are even better. The updates regarding policy is mailed to me regularly. Good future investment which reduces taxes also.