Cholamandalam Bike Insurance

Company Profile

A joint venture between India’s Murugappa Group and Japan’s Mitsui Sumitomo, Cholamandalam MS has been one of India’s leading bike insurance companies since the year 2000. Cholamandalam MS offers very good bike insurance covers and that too at some of the best rates. The company has received many awards over the years and also has a steady base of customers who give them positive ratings.

The Cholamandalam bike insurance plans aim to provide wholesome two wheeler insurance coverage to the policyholders. The company functions with the ‘T3 Philosophy’, which translates to Trust, Transparency, and Technology. As a result, the customers get the best out of the insurer, both in terms of the insurance plan as well as the service.

Whether you want a comprehensive plan, or a third party plan, the Cholamandalam insurance bike covers are there for you.

List of Cholamandalam Bike Insurance Plans

The Chola Ms Third party Insurance cover is a very good and economical bike insurance plan. As it is compulsory to have a third party liability two wheeler insurance plan in India, this is a very good option to choose.

Key Features

• Personal accident cover.
• Covers for all damages to third party vehicles.
• Covers for bodily injury or death of a third party.
• It Covers legal expenses that stem out of an accident with a third party.

The Cholamandalam MS Comprehensive Insurance plan is a comprehensive bike policy that offers third party as well as own damage covers. Apart from the basic coverage that is already included, you can attach some riders to this plan and make it all the more suitable for your needs.

Key Features

• Covers damages sustained to the bike due to natural calamities such as earthquakes and floods.
• Covers damages sustained to the two wheeler due to manmade events such as riots.
• Covers damages sustained to the 2 wheeler due to a road accident.
• Covers fire damages and theft.
• A personal accident cover is available for the policyholder and the passengers in the vehicle.
• All the third party liability covers are available with this insurance policy.
• There is an option to add various riders including the zero depreciation rider and the roadside assistance rider.

Benefits of Choosing Cholamandalam Bike Insurance

• Over 11 lakh happy and satisfied customers who have bought both third party as well as comprehensive bike insurance plans.
• The claim process is very simple and can be initiated online.
• The premium rates are low and among the most competitive in the industry.
• An excellent customer support team that is available seven days a week.
• More than 8500 network garages all across India.
• A high and impressive claim settlement ratio of 85.89% 2020.
• An ISO credited motor insurance company with over 135 branches all across the country.

Third-party Insurance

• File an FIR with the local police station immediately after the road accident involving a third party.
• Gather as much evidence of the accident spot as possible. Click photographs of the damages sustained to the vehicles, speak to the eyewitnesses and look for CCTV camera evidence if available.
• Inform the insurance provider and then a case will be filed in the Motor Accident Claims Tribunal, a special court for motor vehicles.
• After evaluation, the Motor Accident Claims Tribunal will pass a judgement and decide upon the claim amount.
• Approve it and Chola MS will pay the compensation to the third party directly.

Comprehensive Insurance

• Cashless claim

  • The cashless bike insurance Cholamandalam claim process is very simple and easy to complete. To get the claim, you first need to inform your insurance provider. To do so, you can call on 1800-208-5544 or send an email to customercare@cholams.murugappa.com. Your other option is to WhatsApp the insurer on 7305234433 from your registered mobile number.
  • Then, the insurer will call you back and give you a claim registration number.
  • You need to visit a network garage where the repair work would be done.
  • A surveyor from Cholamandalam bike insurance will visit the garage and check your vehicle thoroughly, assess the damage and then approve the claim based on the required documents provided.
  • Once the application is approved, the bike will be sent for repair.
  • The insurance provider will pay the garage directly on your behalf.

• Reimbursement

  • Inform the insurance provider about the need to make a claim by either calling, mailing or sending a message on WhatsApp.
  • Get the claim registration number from Chola MB bike insurance.
  • The surveyor will visit you, check your bike and verify the damage.
  • After the claim is approved, you will be informed of the same.
  • Then you can send the bike to any garage of your choice and get it repaired.
  • Pay the bill yourself and then send the original receipt copies to the insurance company.
  • The insurer will reimburse the amount to you.

• Age-related wear and tear of the bike and its parts.
• Any electrical or mechanical breakdown of the two wheeler.
• An accident that happened due to the rider being under the influence of alcohol.
• Negligent or rash driving.
• Damages that happened due to war or any nuclear activity.

• Enter the website or the mobile app of Coverfox.
• Enter your personal details and details about your bike. These include your name, age, location, the make and model number of the bike, its age, etc.
• Go through the available plans and then choose the Cholamandalam insurance bike plan that you like.
• Fill in the application form and pay the premium online in a safe and quick manner.
• The plan will be issued to you instantly and the policy documents will be sent to your mailbox.

It is a very good idea to buy your bike insurance plan through a platform like Coverfox as it is very safe. This apart, you also get a lot of conveniences while finding the best rates as well. There are many other benefits such as finding genuine user reviews, being able to compare the plans, and also getting the opportunity to renew the insurance cover as and when needed. These are some of the most logical reasons that tell you why choosing Coverfox proves to be a wise move.