Bankbazaar

Chola MS Motor Insurance

Cholamandalam MS General Insurance Company Limited (Chola MS) is a frontrunner in the Indian insurance scene. The company extends a large variety of insurance schemes for its urban and rural customer base. The assortment of insurance products offered by the company to its corporate and individual customers includes health, engineering, accident, motor, marine, liability, travel, and rural insurance.

The company has been conferred with numerous awards and recognitions for its outstanding services and innovative strategies.

Why Should You Buy Motor Insurance From Chola MS?

Chola MS offers a comprehensive motor insurance policy that includes an extensive range of events under its coverage. The advantages of choosing Chola MS motor insurance are detailed below:

  • The insurance plan offers a third-party liability insurance cover that is mandated by law in India.
  • The policyholder can avail 24x7 assistance for unexpected breakdowns or accidents.
  • The claim settlement process of the insurer is smooth and there is a high level of transparency involved in the process.
  • The insurance company has tie-ups with 4500+ network garages across the country where customers can get cashless claim settlement benefits. If the damaged vehicle is repaired at a network garage, the policyholder is not required to pay for the repair work. The finances are settled by the insurer directly with the network garage.
  • The insurer offers special discounts to motor insurance customers when they utilise the services offered by specific pharmacies and diagnostic centres across the county. This discount can be availed by the policyholder and his/her dependents as long as the motor insurance is valid. To benefit from this promotional offer, the policyholder will have to submit a copy of the motor insurance, his/her ration card, and passport copy at the pharmacy. A list of such partner pharmacies and diagnostic centres are available at the official website of the insurance company.

Types Of Motor Insurance From Chola MS

Chola MS offers the following types of motor insurance policies:

  • Private car insurance - This insurance plan offers protection to cars that are bought by individual customers for private use. The coverage under the plan protects the insured car from a comprehensive set of events, such as natural disasters, theft, man-made calamities, and third-party liability.
  • Chola Protect - This is a unique car insurance solution that the insurer refers to as 360° motor protection policy. The plan offers just that - it is a complete insurance package that has so many benefits over and above the basic private car insurance policy. The coverage offered by the Chola Protect plan includes the following:
    • Complete financial protection, i.e., nil depreciation
    • Emergency assistance, i.e., for battery jump start, fuel delivery, etc.
    • Assistance for car breakdown, i.e., flat tyre, emergency repair, etc.
    • Assistance following an accident, i.e., towing service, daily allowance, etc.
  • Insurance for commercial vehicles - The commercial vehicle insurance plan safeguards vehicles that are used for business purposes. The vehicles that can be protected under this are:
    • Passenger vehicles such as buses, taxis, vans, etc.
    • Goods carrying vehicles, such as trucks
    • Tractors
    • Miscellaneous commercial vehicles such as cranes, excavation vehicles, loaders, etc.

Chola MS Third-Party Liability Insurance Policy - Inclusions

The coverage offered by the Chola MS liability only insurance plan includes the following:

  • Liabilities for injuries, disabilities, or death suffered by a third party in an accident
  • Liabilities for property damage of a third party following an accident
  • Personal accident cover for the owner-driver of the insured car - This protects him/her from permanent disabilities or death.

The insured car is not offered any protection under this plan.

Chola MS Package Policy - Inclusions

The Chola MS comprehensive car insurance plan offers extensive protection to the insured vehicle. The inclusions under the coverage are:

  • Third-party personal liability with no limits on coverage - Under this part of the coverage, the insurer will pay for the liability claims raised by a third party following an accident. Third-party injuries and death are offered coverage.
  • Third-party property damage - The insurer pays for property damage liability claims raised by a third-party after an accident. The upper limit on coverage is Rs.7.5 lakh for private cars. However, the final amount payable is determined by the Motor Accident Claims Tribunal (MACT).
  • Own-damage cover - This insurance protects from the following losses:
    • Lightning, fire, explosion, or self-ignition
    • Theft of the insured vehicle
    • Strikes
    • Earthquakes
    • Tempest, flood, hurricane, cyclone, etc.
    • External accidents
    • Terrorist acts
    • Malicious activity
    • In-transit damages
    • Rockslides and landslides

The coverage also includes the following:

  • Personal Accident Cover for the owner-driver
  • Legal liability towards employees after an accident
  • Personal accident cover for unnamed and named passengers
  • Legal liability to a paid driver

Chola MS Motor Insurance - Exclusions

The Chola MS motor insurance policy does not offer coverage for the following events:

  • Damages to the insured vehicle due to negligence from the owner
  • Accidental losses to the vehicle while the driver was under the influence of drugs/liquor
  • Losses to the vehicle while it was being used beyond its limits
  • Depreciation or wear and tear of the vehicle parts
  • Consequential losses
  • Electrical or mechanical breakdown
  • Losses from nuclear weapons/radioactivity
  • Damages due to war and associated events

Chola MS Motor Insurance FAQs:

  1. What are the discounts offered by Chola MS on motor insurance?

Chola MS offers the following discounts to customers of its motor insurance policy:

  • No Claim Bonus (NCB) that amounts to a lower renewal premium
  • Discount for membership in automobile associations
  • Discount for the installation of approved anti-theft devices in the vehicle
  1. What are the add-on insurance plans offered by Chola MS under motor insurance?

The following add-on covers can be purchased by a policyholder to increase the protection offered by his/her comprehensive motor insurance policy:

  • Fixed daily allowance to hire an alternative car while the insured vehicle undergoes repair
  • Reimbursement of invoice price of the vehicle in a total loss scenario
  • Depreciation waiver cover for partial losses
  • Personal belongings and clothing coverage
  • Reimbursement of expenses for obtaining duplicate keys
  • Reimbursement of expenses involved in getting a duplicate license
  • Road tax and registration charges cover
  • Roadside emergencies cover
  1. What is the maximum amount I am liable to receive after a car theft?
  2. The insurer offers the Insured Declared Value (IDV) of the vehicle as compensation after a total loss event such as theft. The IDV is the market value of the vehicle, i.e., the manufacturer’s listed price minus depreciation. Depreciation is a fixed value that depends on the age of the vehicle.

  3. Can I buy Chola MS motor insurance online?
  4. The insurance company enables users to get a quote on motor insurance through its website. If the user agrees to the quote, he/she can proceed with the purchase of the policy. The policy will also be issued instantly.

  5. Can I renew my existing motor insurance policy from another insurance company through Chola MS?
  6. Yes, this is possible. You can visit the Chola MS website for the same.

 4.0 / 5.0   by 37 users
Used this product? Write a review >>

Policy Coverage

Customer Service

Claim Experience

Cashless Garages

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Chola MS Motor Insurance Reviews

Page 1 of 2 1 2
  • Chola Ms Car Insurance
    "GOOD POLICY"
    0.5 5.0/5 "Blown Away!"
    I have taken the car insurance policy with the CHOLAMANDALAM GENERAL INSURANCE i had no claim experience with this policy and the coverage is for bumper to bumper added on that they offered the no claim bonus, road side assistance with this policy.
    Was this review helpful? 0
    , khammam
    Reviewed on Apr 08, 2019
  • Chola Ms
    Chola Ms Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have purchased a car insurance with CHOLAMANDALAM GENERAL INSURANCE. There is no claim experience. I have received the insurance papers on the times. They are offering good benefits like zero dep, bumper to bumper offer. The policy is for one year.
    Was this review helpful? 2
    , bangalore
    Reviewed on Nov 19, 2018
  • Chola Ms Car Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    My car is insured with Cholamandalam insurance from last 2 years, a premium of Rs 8000 has to be paid for this insurance policy. I have no claim experience so far with this insurance policy. This policy has full coverage and the customer support is very good.
    Was this review helpful? 3
    , ahmedabad
    Reviewed on Oct 22, 2018
  • Chola Ms Car Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    My car insurance is with Chola general insurance from last 3 years, i have to pay a premium of Rs 9000 every year. My claim experience was good with this insurance and they covered bumper to bumper damage. There was an option for cashless garage in this insurance.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Aug 01, 2018
  • Chola Ms Car Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    My car is insured with the Cholamandalam Insurance company. They offers Bumper to Bumper coverage for my card and they offered me a fair IDV value. I pay a premium of 24000 per year. I claimed this policy once and they processed a claim 23000 and deducted almost 2400. For such a small claim the charges are very high as far as I am concerned.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2018
  • Chola Ms Car Insurance
    "CHOLAMANDALAM car insurance"
    0.5 3.0/5 "Satisfactory"
    I have taken a car insurance from CHOLAMANDALAM GENERAL INSURANCE. The premium has been paid for 1 year.he policy benefits include, accidental coverage, bumber to bumber, zero desperation, cashless garage. Its a new car and till now no claim have been made.
    Was this review helpful? 1
    , chennai
    Reviewed on May 18, 2018
  • Chola Ms Car Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have recently insured my car with Cholamandalam insurance, i do not have any claim experience so far with this insurance and i have a coverage of bumper to bumper damages. A premium of Rs 8000 has to be paid every year for this car insurance.
    Was this review helpful? 0
    , chennai
    Reviewed on Apr 12, 2018
  • Chola Ms Car Insurance
    "Better policy to use"
    0.5 5.0/5 "Blown Away!"
    I have insured my car with the CHOLAMANDALAM GENERAL INSURANCE company , and I am renewing the policy every year with the same cholamandalam general insurance company for the past 5 years and I have paid Rs,9000 to renew the policy last year.
    Was this review helpful? 1
    , mumbai
    Reviewed on Mar 28, 2018
  • Chola Ms Car Insurance
    "GOOD SERVICE"
    0.5 4.0/5 "Great!"
    I have a car insurance with Cholamandalam Finance. The documents process was been smooth. The process was been fast within the half a day they completed the process. I submitted my adhar,RC book during the process. It was a good experience with Cholamandalam Finance for my Ford Figo car.
    Was this review helpful? 0
    , hosur
    Reviewed on Mar 10, 2018
  • Chola Ms Car Insurance
    "Car insurance with CHOLAMANDALAM"
    0.5 5.0/5 "Blown Away!"
    I have taken a car insurance from CHOLAMANDALAM GENERAL INSURANCE the premium amount for the frist year is 45000 and for the second year it will be 40000 and for the 3 year it will be 35000. The benefits includes zero depreciation , bumper to bumper, and they do have a personal coverage as if anything happens to me then it provides coverage to me as well.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 28, 2018
  • Chola Ms Car Insurance
    "Better"
    0.5 4.0/5 "Great!"
    I have purchased TATA TIYAGO and taken a car insurance with Chola Mandalam. I paid around 16,000 rupees to get this policy and it was suggested by the dealer. The customer services are very good. They are offering good IDV Value. I got my paper works on time.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Jan 16, 2018
  • Chola Ms Car Insurance
    "Car insurance with CHOLAMANDALAM"
    0.5 5.0/5 "Blown Away!"
    I have taken a car insurance from CHOLAMANDALAM GENERAL INSURANCE. The policy premium amount is 25000 yearly. We have to renew the policy every year. they provide bumber to bumber. i made the payment at the showroom itself. Its a good insurance policy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 08, 2018
  • Chola Ms Car Insurance
    "Four wheeler insurance"
    0.5 2.0/5 "Expected more"
    I have taken a four wheeler insurance from CHOLAMANDALAM GENERAL INSURANCE. the yearly premium is for 20000. I make the payment by directly visiting the branch. I am not aware about the other benefits of the insurance policy. I have to renew every year.
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 27, 2017
  • Chola Ms Car Insurance
    "Three wheeler insurance"
    0.5 2.0/5 "Expected more"
    I have taken a three wheeler insurance from CHOLAMANDALAM GENERAL INSURANCE. Its for my load auto. the yearly premium is for 7000. I make the payment by directly visiting the branch. I am not aware about the other benefits of the insurance policy. I have to renew every year.
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 27, 2017
  • Chola Ms Car Insurance
    "Good service"
    0.5 5.0/5 "Blown Away!"
    I have taken a Car Insurance with Chola.The premium amount is 16,000 paid once ion a year.I have a claim experience with them.They have changes the policy to a different car insurance company ,the service is excellent compared to others.The Website is easy to understand.
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 19, 2017
  • Chola Ms Car Insurance
    "They should be little proactive"
    0.5 3.0/5 "Satisfactory"
    When my car met with an accident, at the time Cholamandalam were not supported to get the claim, they taken long time to reimburse the money. I am not fine with them, I paid the premium around Rs. 6 to 7k for it has one year for my I10 car. It would be great if they provide fast service.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Dec 13, 2017
  • Chola Ms Car Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have taken a car insurance from cholamandalam finance three years back the documents have been collected directly from the showroom,the staffs where good in approach and once I claim their service it was a smooth process with cholamandalam finance.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 08, 2017
  • Chola Ms Car Insurance
    "Commitment should be fulfilled"
    0.5 3.0/5 "Satisfactory"
    I taken car insurance with Cholamandalam, because the sale executive commitment many benefits on policy. But after post experience its very bad, after taking the policy there was no service. Policy cover is good. I am making the premium Rs. 27,000, I insured TATA Nexon it has bumper to bumper.
    Was this review helpful? 0
    , bangalore
    Reviewed on Nov 09, 2017
  • Chola Ms Car Insurance
    "Better"
    0.5 4.0/5 "Great!"
    My dealer Toyota is tied up with Chola MS and Iffco Tokio. The car service procedures are done from the insurance company, no need to pay the initial payment. I pay premium of 24K yearly through NEFT. My claim experience experience was good. Recently I have changed my insurance to Iffco Tokio.
    Was this review helpful? 0
    , tuticorin
    Reviewed on Nov 02, 2017
  • Chola Ms Car Insurance
    "Need to explore"
    0.5 3.0/5 "Satisfactory"
    I have insured my car with the Cholamandalam general insurance company. It was referred by my dealers and the coverage value is around 5.8 lakh Rupees. They have taken three days of time to provide the policy and the premium is around 15066 Rupees.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 17, 2017
Common Loader Icon
Page 1 of 2 1 2
reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.