Cholamandalam Comprehensive Two-Wheeler Insurance Policy
Cholamandalam General Insurance is one of the leading insurance companies that provides complete coverage against the contingencies of life through its comprehensive bike insurance policy. Cholamandalam comprehensive bike insurance policy provides assistance to deal with the financial obligations of the third party and for own damage to the insured’s bike. It provides financial security to the policyholders.
Cholamandalam Comprehensive Bike Insurance vs Third Party Bike Insurance
Comprehensive Bike insurance
Third Party Bike insurance
Comprehensive bike insurance policy covers the “Third Party liabilities ” as well as “Own Damage” of the insured’s bike.
Third party bike insurance policy provides financial support only for the third party damage incurred due to the insured’s bike.
Comprehensive bike insurance offers a wide range of add-on options to stretch the coverage.
Third party insurance does not offer any add-on cover.
The premiums of the comprehensive policy are relatively high-valued due to its extensive coverage.
The third party policy is cost-effective as it provides limited coverage to the policyholders.
What All is Covered Under Cholamandalam Comprehensive Bike Insurance Plan?
Cholamandalam comprehensive bike insurance provides coverage for the following aspects.
- Third party liabilities: The comprehensive bike insurance policy provides financial assistance to the policyholders for any third party damage, loss or injury incurred by the insured’s bike. Any bodily injuries, death, permanent disability and property damage of the third party gets covered by the insurer.
- Own damage caused by natural calamities: The damage caused to the insured’s bike due to any natural calamities such as flood, earthquake, landslide etc. is covered by the insurer.
- Own damage caused by man-made disasters: The insurer provides compensation for damage to the insured’s bike due to riot, strike, fire, terrorist activities or any such man-made disasters.
- Theft: The theft or burglary of the insured’s bike is covered under the Cholamandalam comprehensive bike insurance.
What All Is Not Covered Under Cholamandalam Comprehensive Bike Insurance?
Cholamandalam comprehensive bike insurance policy does not provide coverage for the following.
- Normal wear and tear
- Mechanical or electrical breakdown
- Any damage caused due to contractual liability
- Driving without a valid licence
- Driving under the influence of alcohol or intoxicating drugs
- In case of willful negligence
- Damage occurred during war, nuclear risk, mutiny rebellion or any such situation
Benefits of Cholamandalam Comprehensive Bike Insurance
Cholamandalam comprehensive bike insurance provides several benefits to the policyholders which are discussed below.
- The insurer takes care of third party liability and own damage expense on behalf of the policyholder
- Ease of purchase of policy through its official website
- A wide range of add-on options ensuring extensive coverage
- Free of cost repair and replacement service in the network garages spread all over India
- Dedicated customer care team
- Swift and easy claim settlement process
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Cholamandalam Comprehensive Bike Insurance FAQs
How can I customize the Cholamandalam comprehensive bike insurance plan?
You can customize the Cholamandalam comprehensive bike insurance plan in the following ways.
- By opting for add-on covers as per your preference to stretch the coverage
- By opting for the desired tenure of the policy.
What are the add-ons available along with Cholamandalam comprehensive bike insurance policy?
Cholamandalam comprehensive insurance policy comes with the following add-ons.
- Full Depreciation Waiver Cover
- Hydrostatic Lock Cover
- Return to Invoice Cover
- Monthly Installment Cover
- Roadside Assistance Service.
How can I get a quote for Cholamandalam comprehensive bike insurance policy?
You can get a quote for Cholamandalam comprehensive bike insurance policy by using the “Get A Quote” feature on its official website and also on Insurance Dekho.
How can I purchase Cholamandalam comprehensive bike insurance policy?
You can purchase Cholamandalam comprehensive bike insurance policy in the following ways.
- Through its official website
- By calling on its toll-free number 1800 208 5544
- By visiting the nearest branch.
How do I receive the policy documents if I have bought Cholamandalam comprehensive bike insurance policy online?
In case of online purchase, you receive the soft copy of policy documents in your inbox within a few hours after the final payment is done.
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