About Cholamandalam General Insurance
Chola MS General Insurance Company Limited is a joint venture between the Murugappa Group and Japan’s Mitsui Sumitomo Insurance Company Limited. It provides a wide range of insurance products, including Motor, Health, Property, Accident, Engineering, Liability, Marine, Travel, and Crop insurance to help both individuals and businesses. In FY 2023-24, Chola MS reached a Gross Written Premium (GWP) of INR 75,329 million.
Chola MS, which has 198 offices and a network of over 30,000 intermediaries across India, operates under the T3 brand philosophy of trust, transparency, and technology. The company has received various awards from the Indian government, foreign organisations, and rating agencies for its innovations in insurance service and delivery.
Things That You Need to Know About Chola MS General Insurance
- The company offers a wide range of general insurance policies for individuals and businesses.
- They provide access to 13,500+ cashless garages across India.
- They have successfully settled over 2.9 million claims to date.
Why Choose Cholamandalam Bike Insurance?
Cholamandalam MS General Insurance is a private joint venture offering three types of two-wheeler insurance: third-party, standalone own-damage, and comprehensive coverage. Their insurance plans help protect both you and your two-wheeler from road risks.
For extra protection, you can enhance your standard insurance with add-on covers when you choose own-damage insurance. These add-ons cover things typically excluded from standard policies and can increase the claim amount during settlement, so it’s important to choose them wisely. Chola MS Two Wheeler Insurance also provides various add-ons, affordable premiums, and the best customer service.
Features of Cholamandalam Two Wheeler Insurance
Some of the interesting features of Chola MS Bike Insurance are as follows:
- With them, buying and renewing policies are easy and convenient
- You can change the IDV value as per your need
- You can get access over 8500 two-wheeler cashless garages across India
- Their claims are settled hassle-free and with ease
FAQs
Chola MS offers various add-on covers to provide an extra layer of protection on your two-wheeler insurance. These include Full Depreciation Waiver Cover, Return to Invoice Cover, Monthly Instalment Cover, Daily Cash Allowance, and Hydrostatic Lock Cover.
Yes, Chola MS is ISO certified.
Chola MS has an Incurred Claim Ratio of 65.05%, according to IRDA Motor Insurance Annual Report 2021-2022.
Yes, you can make changes in your policy by choosing the right add-ons and adjusting the IDV as per your requirement.
Chola MS has connections with over 8,500 cashless garages for two-wheelers all over in India.
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