FAQ

Motor Insurance

Who can avail of Cholamandalam’s Motor Insurance?

Private cars & commercial vehicles, we do it all. Thousands of vehicle owners, garages, repairers, showroom owners, dealers & manufacturers have benefited out of the protective cover of our Motor Insurance.

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What is the premium one has to pay for availing the Motor Insurance?

The insurance premium for your vehicle depends on the cubic capacity of the engine, the carrying capacity or the gross weight of the vehicle, the age and place of registration and the IDV (Insured Declared Value). For an exact calculation of your vehicle premium, please contact our customer care.

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Is it possible to transfer my Motor Insurance from another company to Cholamandalam?

Whether it is Insurance for a new vehicle or you are looking to transfer your Motor Insurance, choose Cholamandalam. With us, processing time is down to a minimum, with lesser paperwork involved. You will find the entire claim process in case of a loss/damage far smoother and hassle free with Cholamandalam.

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What is the value additon your Motor Insurance offers?

To further protect you and your near and dear ones commuting in the vehicle with you, we offer a range of value added extensions to your Motor Insurance Policy at a nominal additional premium.

  • Personal Accident: You can avail of this cover for yourself (as the insured), for the driver of your vehicle (in case you have a paid driver) and unnamed passengers as per the seating capacity of the vehicle. Unnamed passengers can include your spouse, children, parents, etc.

The Personal Accident cover is available from Rs. 10,000/- to a maximum of Rs. 200,000/- (in multiples of Rs. 10,000/-).

  • Legal liability towards your employees: Through this extension, you will be compensated for any legal liability towards your employees that may arise due to an accident involving the vehicle
  • Wider legal liability cover: This extension widens your legal liability towards your paid drivers, cleaners or any other persons involved in the maintenance of the vehicle. Here, legal liabilities are met as per the common law more than the legal liability offered by the Workmen Compensation Act

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