Cholamandalam MS General Insurance Co. Ltd. is a joint enterprise between Mitsui Sumitomo Insurance Co. Ltd. and the Murugappa Group. The firm offers quality insurance solutions via its 9,000+ insurance agents and 109 branch offices across the country.
Cholamandalam MS Car Insurance Renewal Premium CalculatorYou can avail a quote on your insurance premium during the renewal of your insurance policy, via an in-built tool called the premium calculator which is present in third-party insurance as well as Cholamandalam MS websites. The calculator uses the relevant and genuine information that you provide against certain parameters to quote an estimate of your insurance premium. The information to be provided are policy details, contact information, additional coverage details, etc.
You can renew your Cholamandalam MS insurance policy or an insurance policy from another insurer, either online or offline, as per your convenience.
Online policy renewal can be done via Cholamandalam MS or third-party insurance websites. The process of online policy renewal is hassle-free and quick. You can use the premium calculator present in either of the sites to get a quote on your insurance premium before you go ahead and renew your insurance policy.
Offline policy renewal can a a little tedious and time consuming. There is a lot of documentation involved and you have to travel in order to meet with an authorised insurance agent or visit any of the branch offices to renew your insurance policy.
Cholamandalam MS car insurance comes with certain key features and benefits as mentioned below:
Cholamandalam MS has an efficient car insurance claim process for accidents, third-party liabilities and theft. You can request for a cashless or a reimbursement claim depending on your preference.
Below given are the steps involved in Cholamandalam MS car insurance claim process:
If you have a high-end expensive car, it is best to buy a comprehensive insurance cover as the cost of repairs post a mishap would be high for such cars and comprehensive cover gives you and your car an overall protection. In case your car is old or second-hand, you could get a third-party liability cover instead of a comprehensive cover as the cost of repairs post a mishap would be minimal for such cars.
Annual payment of insurance premium is more cost effective than monthly payment.
Excess is part of the insured amount that you agree to pay at the time of claim settlement. There are 2 kinds of excess in insurance, compulsory excess and voluntary deductible. Compulsory excess is a fixed part of the insured amount that is mandatory for you to pay at the time of claim settlement. Voluntary deductible is a part of the insured amount you have opted to pay at the time of claim settlement.
Depreciation is the loss in the vehicle’s value as a direct result of its regular wear and tear. Depreciation is applied on car as well as its parts and is calculated based on the depreciation rates set by the Insurance Regulatory and Development Authority of India (IRDAI).
Insurance Certificate is an official document issued by the insurer to the policyholder that contains all the information on the renewed/purchased car insurance. Insurance Certificate should always be carried in the vehicle.
You have to carry the Certificate of Insurance, vehicle RC book, the PUC (Pollution Under Control) certificate and the driver’s licence of the person driving the vehicle at any given point of time.