- About Coverfox
Cholamandalam MS General Insurance Company Limited (IRDA Reg. No. 123) is a joint venture between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. Cholamandalam MS offers an extensive array of products that include Engineering, Health, Accident, Marine, Motor, Liability, Travel, Property as well as Rural Insurance for individuals and corporates.
CHOLAMANDALAM MS comprehensive car insurance policy with 105 branches across the country and with varied benefits, ensuring a sense of security when it comes to car insurance.
Cholamandalam MS Private Car Insurance Policy can be tailor-made to insure any private vehicle. Cholamandalam MS Motor Insurance policy covers Own Damage car insurance and also, Third-party liability insurance, which helps car owners at the time when needed – in case of any accident or mishaps.
Own Damage: This policy cover any damage or loss to the owner’s car due to any of the following things:
Third Party or Liability: This policy is mandated by Insurance Regulatory and Development Authority of India under Motor Vehicle Act 1988. This policy is provided by Cholamandalam MS Private Car Insurance which covers liability cover for body injuries to the third-party and a sum of maximum Rs. 75,000 for any loss or property damage to the third party.
Personal Accident Cover: Sum Insured of Rs. 2 lakhs for the owner-driver in case of accidental death or permanent total disability on a premium of Rs.100
a) Passenger Personal Accident cover: With 100 Rs/person the owner-driver is covered with a Sum Insured of Rs.2,00,000 for each of the occupants.
b) Legal liability for Paid driver: Liability cover with a premium of 50 Rs/annually for the paid-driver
The No Claim bonus (NCB) will be retained under this add-on cover, provided if the policy renewal is within 30 days of expiry of the policy, in case partial loss claim is lodged. Specific Exclusion:
The policyholder will get fixed daily allowance of INR 500 or INR 1,000 per day to meet the cost of hiring a car (for a maximum of 5 days per policy period) if the insured vehicle was involved in an accident and is under repair at a garage.
Specific Exclusion: Valid only for one claim during the policy period
This add-on is to ensure maximum claim benefit - Full Car Investment Security with compensation based on the vehicle invoice value* and zero depreciation charges on repaired parts.
(*Excluding vehicle registration charges and road tax.)
Specific Exclusion: This is available only for brand new car and for first year policy renewal of a brand new car provided there is no claim in the first year of policy.
The insured vehicle will be indemnify against the loss or damaged to the vehicle parts, depending on the age of the vehicle.
Under this add-on cover by Cholamandalam MS, the insured will get reimbursed in case of any loss or damaged to the belonging and clothes inside the insured car in case of a fire or an accident (the items must have been inside the locked car during the mishap).
The maximum reimbursement during a policy period is INR 10,000
Laptop, I-Pod, electronic items, mobile phone, jewellery, cash, cheque, stamps, curios, work of art, paintings and other valuables are excluded from this insurance cover.
Maximum of 2 claims under this cover during the policy period.
Reimbursement of expenses towards obtaining a duplicate ignition key up to a maximum of INR 1,000, in case of repairing or replacing the keys and/ or locks and/or total replacement of lock mechanism of the insured vehicle.
Specific Exclusion: Valid only for one claim during the policy period.
Original First Information Report (FIR) filed with the Police Authorities for verification in case of burglary or theft. Original bill for expenses incurred to obtain duplicate key(s) from manufacturer / authorized dealer of manufacturer on material and labour charges.
Compensation for obtaining duplicate license (fixed sum of INR 500) in the event that the original driving license is lost.
Note: You need to submit the following documents:
The insured will be reimbursed with amount paid for road tax and registration charges of the insured vehicle in case of a total loss of any nature.
Specific Exclusion: There’s no resale of the insured vehicle.
Support is available 24x7 for spot assistance, including fuel delivery and battery top-up, as well as car breakdown assistance including fixing a flat tyre or on-site repair.
CARE 24x7 can be reached at 1800-103-5354 /1800-209-5354 (Exclusive toll free numbers for CARE Services only).
Cholamandalam MS General Insurance offers many attractive discounts that the policyholder can avail.
|No. Of Years||Discount|
|One claim-free year||20%|
|Two consecutive claim-free years||25%|
|Three consecutive claim-free years||35%|
|Four consecutive claim-free years||45%|
|Five consecutive claim-free years||50%|
Other Discounts: Cholamandalam MS General Insurance offers other discounts provided
a. You are a member of any recognized automobile association
b. Install an anti-theft device in your car
Toll-Free Number: 1800-200-5544 (Accessible from India only)
9144-3098 5300 (For Abroad Customers)
Required steps and supporting documents:
a) In case of Accident
b) In case of Theft
c) In case of Third Party Claims
Step-wise guide to claim:
Murugappa group is known for providing quality service with reasonable pricing. Cholamandalam MS car insurance is no exception. Clubbed with finest benefits and supplemented with appropriate add-on features, Cholamandalam MS Car insurance plan is one to beat. Not to mention the 24/7 help and assistance in case of any accident or sudden breakdown and hassle free claims processing. With 3750+ garage network and convenient option to buy the policy online, Cholamandalam MS should definitely be on your Top 5 list.