FAQ FOR CAR INSURANCE OF CHOLAMANDALAM MS

Cholamandalam MS

Cholamandalam MS. The general insurance company is a joint venture between Murugappa Group and Mitsui Sumitomo Insurance Group, a Japanese insurance company. The company was founded in 2001 in Chennai, India. The Company deals in various insurance products like health, marine, motor, travel, etc.

FAQ’s

1)What is cholamandalam's comprehensive car insurance?

An insurance policy covers you from third parties liability as well as your damage to your car called comprehensive car insurance.

2)What are the inclusions of the comprehensive car insurance of Cholamandalam?

Comprehensive car insurance of cholamandalam covers you from third parties liability as well as cars theft, loss, fire.

3)What is meant by the exclusions of cholamandalams of comprehensive car insurance?

The amount that you have to pay from your pocket because it is not covered under the policy.

4)Is it mandatory to have third-party insurance in India?

   As per the motor vehicle act of India, it is mandatory to have third-party insurance.

5)Explain the benefits of third-party insurance?

The policy protects you against third parties legal liability, property damage liability in case of an accident.

6)How third party car insurance rates are decided?

Third-party car insurance rates are decided based on car cubic capacity.

7)What exactly is the Stand Alone Own Damage policy?

Stand-alone own damage policy is the policy that covers policyholder from own damage to the vehicle.

8)Is the SAOD policy covers third-party car insurance also?

No, the SAOD policy does not cover Third party car insurance.

9)What is covered under SAOD Policy?

An insurance policy covers you from the damage to your car called comprehensive car insurance.

10)How much period before the expiry you can renew your policy?

You can renew your policy 45 days before expiry.

11)Can I carry forward my NCB discount for next year, if I change from one company to another?

Yes, .you can carry forward my NCB discount for next year, if I change from one company to another.

12)How should I avoid Inspection in the case of renewable?

You have to renew your policy before the expiry.

13)Is zero depreciation and nil depreciation are same?

Yes, both zero depreciation and nil depreciation are the same.

14) Does third-party car insurance include an NCB discount?

No, the third party does not include NCB discount

15)What things are covered under third-party car insurance?

Third party's liabilities and the property gets covered in the third party insurance.