Cholamandalam Bike Insurance FAQs
|Claim Settlement Ratio||85.89% in FY20|
|Emergency Assistance||Available 24/7|
- Save upto 75%*Lowest Bike Premiums
- 11.5 Lakh+Happy Customers
- Claim Support7 days a week
*TP price for less than 75cc two wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply
What is the process of buying, renewing and paying a premium in Chola MS?
In Chola MS there are two modes through which one can buy or renew their insurance policy as well as pay the premium. It offers an online and offline platform for the convenience of the customers. You can simply log in to the official website for buying a policy or paying premium via debit card, credit card or net banking. If someone is not comfortable with it, they can simply visit the branch.
What are the add-on covers available with Chola MS two wheeler Insurance policy?
Chola MS two wheeler Insurance policy offers various add-on covers so that the policyholders can get additional coverage. It includes Full Depreciation Waiver Cover, Return to invoice Cover, Monthly Installment Cover, Daily Cash Allowance, Hydrostatic Lock Cover. The policyholders can buy it with their Comprehensive/standalone own-damage two wheeler insurance policy by paying an additional premium.
What are the features of the Chola MS two wheeler Insurance policy?
The Chola MS two wheeler Insurance policy has the following features:
- It offers unique add-on covers.
- It provides Roadside Assistance services.
- It is ISO certified.
- In-house claim settlement.
- The customers will get complete support at the time of claim settlement.
- Long term plans for new two wheelers.
How many branches does Chola MS General Insurance have in India?
Chola MS General Insurance has 87 branches all over the country. The customers can visit any branch to get their two wheeler insurance policy. You can look for your nearest branch by visiting the official website or downloading the app.
Whom should I contact if I have a query related to Chola MS’ insurance plans?
If you have any queries regarding the policy you can ring up to their customer executive on their toll-free number 1800-208-5544. You can also mail your query at firstname.lastname@example.org and someone from the team will revert back to you. Else you can also contact Insurance Dekho.
Will the Cholamandalam third party bike insurance policy provide any coverage outside the geographical area?
The coverage of every policy is limited to a predecided geographical area. The Cholamandalam third party bike insurance policy does not provide coverage for any damage or loss occurred outside the predetermined geographical area.
Does this policy cover loss of income due to the physical disability of the third party?
Yes, the Cholamandalam third party bike insurance policy provides compensation for the loss of income of the third party due to physical disability.
How can I get the quote for my Cholamandalam third party bike insurance policy?
You can easily get the quote of Cholamandalam third party bike insurance policy online. You have to go to their official website. Then click on the “GET A QUOTE” option and fill in the registration number of your bike.
Can I stretch the coverage of Cholamandalam third party bike insurance policy?
No, you can not stretch the coverage of the Cholamandalam third party bike insurance policy under any circumstances. For extensive coverage, you can opt for the Cholamandalam comprehensive bike insurance policy.
How can I pay the premium of Cholamandalam third party bike insurance policy?
You can pay the premium of the Cholamandalam third party bike insurance policy in the following ways:
- Log in to the official website and make the payment using debit card, credit card or net banking
- Visit the nearest branch along with the policy documents.
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.
Who should opt for the Zero Depreciation cover?
It is always advisable to opt for Zero Depreciation cover to receive the maximum claim amount. However, it is best suited for the following people:
- New bike owners
- Inexperienced bike drivers
- Luxury bike owners
- Owners living in the accident-prone zones.
Does Cholamandalam Zero Depreciation cover provide free of cost repair of the rubber bike parts?
Yes, if you avail the Cholamandalam Zero Depreciation cover, then the insurance company provides free of cost repair of the rubber bike parts up to 2 claims in the network garages.
Do I need to renew the Zero Depreciation cover every time I renew my Cholamandalam comprehensive bike insurance policy?
Yes, you need to renew the Zero Depreciation cover every time you renew your Cholamandalam comprehensive bike insurance policy provided it satisfies the conditions of Zero Depreciation cover at the time of renewal.
Does Zero Depreciation provide coverage beyond the city limit?
The Cholamandalam Zero Depreciation will only provide coverage within the predetermined geographical zone. The insurer will not bear the expense of any damage incurred by the insured’s bike outside the area.
How can I add the Zero Depreciation cover to my policy?
You can add the Zero Depreciation cover to your policy in the following ways:
- Visit their official website
- Dial their toll-free number 1800 208 554
- Visit the nearest branch
You can add this cover to your comprehensive bike insurance policy at the time of purchase, renewal or in the middle of the tenure.
From where do I get the claim form of Cholamandalam bike insurance policy?
You can download the claim form of Cholamandalam bike insurance policy from its official website or reach out to the nearest branch and collect the hard copy of the claim form.
How do I claim insurance if the bike is stolen?
In case of theft of the insured’s bike, you need to lodge an F.I.R at the nearest police station. You have to submit the photocopy of the FIR and other documents, the bike keys and a non-traceable certificate to the insurance company in order to register a claim.
Do I need to carry my driving licence while claiming Cholamandalam bike insurance?
Yes, you need to carry your driving licence while claiming Cholamandalam bike insurance. You should make sure that the driving licence is valid.
How to check claim status for my Cholamandalam bike insurance?
You can check your Cholamandalam bike insurance through its official website in the section of “Track My Claim”. You just have to provide policy number, claim number or vehicle number in the required segment to track the status of the claim.
Is the bike insurance claim process time-bound?
Yes, the claim process is time-bound. It is advisable to inform the insurer within 24 hours of the incident.
Why is the renewal of the Cholamandalam bike insurance policy needed?
The renewal of the Cholamandalam bike insurance policy is needed for the following reasons:
- To remain protected against the financial losses due to damage to the insured’s bike
- To get insurance for the third party liabilities
- To ensure that you are not penalized for the absence of a valid insurance policy.
Can I change the tenure of the Cholamandalam bike insurance policy at the time of the renewal?
Yes, you can extend or shorten the tenure of the Cholamandalam bike insurance policy at the time of renewal.
How do I get the documents after renewing the policy if I opt for the offline process?
After the offline renewal of the Cholamandalam bike insurance policy, the policy documents will be sent to your address given in the policy details via courier within a few days.
Can I transfer the no claim bonus of my previous policy to the new one at the time of the renewal?
Yes, you can transfer the no claim bonus from your previous policy to the new policy at the time of renewal provided you did not make any claims during the tenure of your previous policy.
Can I add any add-ons to my Cholamandalam bike insurance policy at the time of renewal?
Yes, you can add any add-on cover to your Cholamandalam bike insurance policy at the time of renewal provided you are opting for a comprehensive plan. The charges for the add-ons will be added to the premium after the details are verified by the insurer.
What factors can affect the amount of bike insurance policy premium?
There are several factors that can affect the premium amount of a bike insurance policy such as Insured Declared Value (IDV), Add-on Covers, Anti-theft Devices, Engine Cubic Capacity, Modifications, Age of the Bike, Bike Owner’s Age, No Claim Bonus, etc.
What is the benefit to use the bike insurance premium calculator?
With the help of a bike insurance premium calculator you can find the right amount of premium and IDV value which is being offered by various bike insurance companies for the insured bike. It will help you opt for a reasonably priced insurance cover and make wise decisions pertaining to insurance.
To get the premium amount what should I enter on the premium calculator?
To get the right IDV and premium amount for your bike, you will have to fill up a few details on the premium calculator which may include bike’s make, model and variant, bike’s fuel type, bike’s registration city, bike’s engine capacity, bike’s registration year, etc. Entering these details will make you get the right premium and IDV offered by different insurers in the market.
Can I calculate the premium for my used bike with a premium calculator?
Yes, the premium calculator is designed to compute the IDV value and premium amount offered by different insurance providers for all kinds of vehicles such as new as well as old or used bikes.
How can I use the best bike insurance premium calculator?
Many websites are available that offer the benefit of the premium calculator to its customers. But, the best and accurate results for the premium amount and IDV value for the bike insurance policy is available at InsuranceDekho, i.e., www.insurancedekho.com. You can use it anytime, anywhere.
What kind of bike insurance add-on covers are provided by Cholamandalam?
The Cholamandalam MS gives different types of bike insurance add-on covers which include breakdown support over the phone, on-site minor repairs, fuel delivery, flat tyre support, battery jump-start, provision of the local taxi, and so on.
When can I purchase the Cholamandalam add-on covers?
You can buy the add-on covers to enhance your bike insurance cover either at the time of Cholamandalam MS bike insurance plan purchase or during the bike insurance plan renewal process
Is it compulsory to buy an add-on insurance cover?
No, it is not compulsory to add an add-on cover in your bike insurance cover. It is an optional benefit which you can opt for as per your needs and budgets.
Will I have to pay for an additional premium to use add-on covers?
Yes, you will be required to pay for an additional insurance plan along with insurance premium for basic insurance cover as the amount specified in the policy document or online purchase portal of the insurance company.
How many bike insurance add-on covers can I opt for at a time?
There is no such limit on the number of add-on covers that you can buy at a time. Therefore, you can include as many add-on covers as you require in your insurance policy consecutively.
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Must Read Articles before buying Cholamandalam Bike Insurance
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