*RSMD- Riot, Strike, Malicious Damage
*STFI- Storm, typhoon, tempest, hurricane, flood, inundation, cyclone, hailstorm, frost, landslide, rockslide.
++Optional Add-on covers on payment of additional premium.
Nil Depreciation:Depreciation in motor insurance often refers to the loss in value of an asset over time due to factors such as age, wear and tear, and obsolescence. Vehicles, in general, are depreciating assets. For example, a new car will cost more than an older one. Similarly, there is a certain depreciation associated with all the materials the car is made up of such as glass, plastic, metal etc. Each of the materials or parts have a different rate of depreciation.
In the event of an accident, if your car is damaged, you may not be able to recover the entire expense incurred on the parts replacement. The geneal insurace company only pays for the replaced parts after deducting the depreciation amount. The insured person has to pay for the difference between the market value of the new part and the depreciated part of the car.
Consumables Plus : Consumables refer to those materials of your car that serve a specific purpose – like a nut, a bolt, or even grease – that once used, are consumed completely. Consumables are things that therefore have to be replaced or refilled frequently because of continuous wear and tear or usage.
Return to Invoice: Buying a Return to invoice cover will ensure that in case of total loss / constructive total loss or theft of your car, you will get the
In simple terms, IDV is the market value of your car which depreciates with time. This add-on pays the difference between the approved claim amount for your car and the original purchase (on road) price of the vehicle in case of total loss/constructive total loss / theft of the vehicle. However, if the same model is available at a price lower than the original purchase price, the former will be taken into account.. This cover is typically available for vehicles that are up to five years old from the date of First Registration. It is not mandatory to replace the vehicle under this Add-on cover.
Hydrostatic lock plus: insured will be reimbursed the cost incurred to repair or replace parts of engine or gear box or differential assembly including packing kit & under body damage due to ingress of water into the vehicle covered under this policy or due to leakage of lubrication or loss or damage to engine cooling system.
The Add-on cover is subject to the following terms and conditions:
Chola MS offers Road side Emergency assistance support to the insured vehicles on Road during the time of emergency and distress. If the insured vehicle on Road is immovable due to Electrical / Mechanical Breakdown or Accident road side assistance support will be provided.
Chola MS has a dedicated Facilitator to dispatch all the listed services through Service providers at the time of emergency.
Some of the services provided by the facilitator are listed below:
One simple call to our Facilitator will bring you services to your vehicle at your foot step:
Cholamandalam MS, a General Insurance Company in India, offers a wide range of insurance policies for individuals and corporates.
For individuals, there are products like Car Insurance, Travel Insurance, Two Wheeler Insurance, Health Insurance, Personal Accident Insurance, Crop Insurance and Home Insurance. For SME's and Corporate Insurance clients, Chola MS offers customized insurance solutions encompassing insurance and risk consulting services such as Group Mediclaim Insurance, Group Personal Accident Policy, Engineering Projects Insurance, Engineering Operations Insurance, Liability Insurance, Marine Insurance, Fire Insurance and other Miscellaneous Insurance Solutions.
All Rights Reserved. Cholamandalam MS General Insurance Company Ltd. Insurance is the subject matter of solicitation. Reg office: 2nd Floor, "Dare House", No.2, NSC Bose Road, Chennai - 600001, India. IRDAI Registration Number : 123. Trade logo displayed above belongs to ‘CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED” (formerly known as TI financial holdings limited) and Mitsui Sumitomo Insurance Company Limited and used by Chola MS under license. CIN : U66030TN2001PLC047977.
Important Message: By submitting your contact information on forms on our website, you agree to be contacted by our Customer Service Representatives.
The advertisement contains only an indication of cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale
Cholamandalam MS General Insurance will:
Contact Chola MS - In India 1800-208-5544
Outside India +91-44-6166 3400
Avail live video call facility with our claim experts between 9:30am - 6:30pm from Monday – Saturday on your mobile, tablet/laptop
Provide us the details of your vehicle damage and instantly generate your claim reference number
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