CHOLAMANDALAM MS TWO WHEELER INSURANCE

Cholamandalam two-wheeler insurance has built its reputation for providing smart, transparent and cost-effective plans with innovative features. Chola MS being recognised as one of the best brands of 2020 and multiple other rewards have once again reiterated the growing acceptability of its ISO-certified policies and technology-driven operations. 

• Long-term Insurance for New Two-wheelers. 
• Unique Add-on Covers.
• Cashless Claims. 
• Claims-support. 
• In-house Claims-handling. 
• Faster Claims-Processing. 
• Over 80% Claim-Settlement Ratio. 
• No Inspections during Renewals. 
• Exclusive Discounts.

Chola two-wheeler policies from the Murugappa Group's Chola MS General Insurance company serve millions across India through 7,100+ network garages, 24x7 customer services, even on national holidays, and other practical offerings.

Chola MS Two-Wheeler Insurance Features & Advantages

• Coverage duration of 1 to 5 years.
• Three two-wheeler insurance plans.
• Third-party liability, comprehensive and standalone own damage covers.
• Addresses physical hurt to individuals and liabilities to third parties when their property gets damaged due to your bike/scooter accidents.
• Unlimited liability for personal injuries of third parties.
• Compensates losses occur because of natural calamities such as storms, cyclones, typhoons, earthquakes, hailstorms, inundation or lighting and human-made incidents like riots or terrorist attacks.
• Compulsory personal accident cover of up to 15 lakh rupees for owner/driver.
• A variety of add-ons.
• No-claim bonus.

Cholamandalam Two-Wheeler Insurance Policy Variants

Chola MS Two-Wheeler Third-party Insurance

• Legally mandatory as per the Motor Vehicles Act, 1988.
• An affordable option is also called as 'Act Only Policy.'
• Protects you against property damages, bodily harms, injuries or death of third parties because of accidents involving your bike or scooter.
• Includes the mandatory personal accident cover of up to 15 lakh rupees for owner/driver.

Chola Comprehensive Two-Wheeler Insurance

• 360-degree complete coverage.
• Also described as a 'Package Policy.'
• Takes care of third-party damages and own damages to your two-wheeler.
• Includes the mandatory personal accident cover of up to 15 lakh rupees for the owner/driver.

Cholamandalam Standalone Own Damage Cover

• Does not take care of third-party liabilities. The standalone cover can only be purchased once you have long-term third-party insurance.
• Protects from damages to two-wheelers due to thefts and natural calamities, excluding fire or explosions.
• No protection against depreciation, electrical/mechanical breakdowns or damages in instances with drivers under the influence of alcohol/drugs, found underage, or without a valid driving license.

Chola MS Two-Wheeler Insurance Add-Ons

Zero Depreciation Cover:

This Add-on ensures that in case of a claim, the depreciation on your bike’s parts is not deducted, allowing you to receive a full reimbursement.

Return to Invoice:

If your bike is stolen or completely damaged, this cover helps you claim the full amount listed on the original purchase invoice.

Roadside Assistance:

This Add-on provides support in case of emergencies like breakdowns, flat tires, or other issues while you’re on the road.

Consumables Cover:

This Add-on covers the cost of consumables like engine oil, nuts, bolts, and other small parts that usually aren’t included in standard insurance claims.

Major Cholamandalam Two-Wheeler Insurance Exclusions

• Usual wear/tear.
• Damages arise due to intoxicated driving.
• Races, pace-making, reliability trials, speed testing, and all purposes connected with the motor trade.
• Consequential losses.
• Mechanical breakdowns.

Chola MS Two-Wheeler Insurance Premium Calculator

The premium for your Chola MS 2-wheeler policy is based on factors such as the make/model, city, registration date, add-ons and the use of electrical or non-electrical accessories.

One can compare policies and plans by visiting the Chola Insurance Official website. Alternatively, you may use online two wheeler insurance comparison portals like Quickinsure.co.in to explore insurance rates, and simplify and speed up the process of buying a bike or scooter insurance.

Cholamandalam Bike Insurance Renewal & Application

One can apply for a new two-wheeler policy or prefer Chola two-wheeler insurance renewal by viewing and comparing quotes online through premier insurance comparison platforms such as Quickinsure.co.in.

Chola MS 2 Wheeler Insurance Review

Chola MS has been the preferred option for individuals looking for highly effective and competitive two-wheeler policies at best-priced premiums.

In addition to its seamless policies, Chola also holds the record for outstanding claims-process/settlement and speedier turnaround time with more than 15,000 motor claims settled within 30 days and 6 out of 10 settled in merely 10 days.

FAQs On Chola Two-Wheeler Insurance

What are Add-On Covers in Cholamandalam Two-Wheeler Insurance?

Answer: Cholamandalam Two-Wheeler Insurance offers several add-on like Zero Depreciation Cover, Return to Invoice Cover, Consumables covers, Roadside assistance to enhance your standard policy for more comprehensive protection.

What does Chola Standalone Own Damage Bike Insurance Covers?

Answer: Chola Standalone Own Damage Bike Insurance offers coverage for various unfortunate events, including theft of your bike, damages caused by natural calamities like earthquakes, landslides, and floods, as well as man-made incidents such as riots, terrorism, fire, explosions, and vandalism. 

How to Register Claim for Cholamandalam Two Wheeler Insurance?

Answer: You can claim Online or Offline by call, surveyor will inspect and will ask for accident, and policy details, depending on the final decision liability amount will be transferred to concerned party.

Can I Change Insurance Details in Chola Two-Wheeler Insurance after Purchase?

Answer: Yes, you can change details like name, address, or any other policy details by raising service request to cholamadalam customer service department.

Does Cholamandalam Two Wheeler Insurance Provides Cashless Claim Feature?

Answer: Yes, Cholamandalam Insurance is networked with 15900+ cashless garages where you can claim for cashles two wheeler insurance claim. 

What is the extent of the third-party property liability covered by Cholamandalam insurance?

Answer: Cholamandalam insurance provides coverage for accidental damages to third-party property up to a limit of ₹1 lakh.

 

Disclaimer: The information shared is purely indicative. Please refer to the policy wordings for most up-to-date and precise details.