Top Reasons To Purchase Bike Insurance From Cholamandalam MS

There is no certainty in the fact that you will be protected at all times. Mishaps and unforeseen events can occur to anyone at any time, therefore you must be secured for such case scenarios. To shield and incur the expenses of the damages that have occurred to your bike in an accident, natural calamity, or theft, many companies have rolled out bike insurance policies for you and the third party involved in the accident. This way, you get a certain amount of money that you can use to repair your bike without straining your finances.

Cholamandalam MS Bike Insurance provides you with a wide range of plans and policies to secure your bike at an affordable price and deliver quality services. The bike insurance also includes third-party liabilities, bodily injuries, death, and property damage. The sum assured may vary according to your needs and the policies can also be customized in accordance with your demands.

About Cholamandalam MS Bike Insurance

Cholamandalam MS General Insurance is a tie-up between Murugappa Group and Mitsui Sumitomo Company and offers different products like bike insurance, health insurance, travel insurance, property insurance, and many more. 

Cholamandalam MS Bike Insurance is one of its products and provides different types of policies namely third party insurance, two-wheeler insurance, standalone own damage insurance, and comprehensive plans. These plans will make compensation to the insured in case of an accident, natural calamity, and theft. You can also include some add-ons to your existing policy in order to enhance the benefits availed. The premiums that are to be paid by the customers are affordable and suit different groups of society. There is legal enforcement to have bike insurance in India, therefore make a wise choice and choose the best plan from Cholamandalam MS Bike Insurance.

You may also like to read:- How To File Bike Insurance Claim In India? 

Some features of Cholamandalam MS Bike Insurance are: 

• The company had a claim settlement ratio of 85.89% in FY 2019-20. 
• It has a network of 7,100+ linked garages to provide cashless repairs of bikes to its policyholders. 
• It offers 24X7 call assistance for claim settlement procedures or any other customer grievances. 
• Cholamandalam MS Bike Insurance offers up to Rs. 1 Lakh of property damage cover for the third party. 
• Personal accident covers of up to Rs. 15 Lakh are available.   

Benefits of Cholamandalam MS Bike Insurance 

With the above features, Cholamandalam MS Bike Insurance offers the following benefits to its customers: 

• Unique Add-Ons 

To add extra value to your existing policy, you can choose an exclusive add-on cover from the list provided by Cholamandalam MS Bike Insurance. Covers like full depreciation waiver cover, hydrostatic lock cover, Chola Value Added Services, and many more are offered by the company. 

• Long Term Products

When you buy a new two-wheeler, long-term products are provided to you that benefit you in the long term.

• Support For Claim Settlement

A simplified two-step claim process at Cholamandalam MS Bike Insurance covers your loss and damage at the time of a mishap. The two steps involved are intimation and submission, after which the company takes care of the expenses of its policyholders.

• Usage of Technology

The Cholamandalam MS Bike Insurance has evolved with time and has introduced digital ways of intimating about the mishap via phone or emails. Later, the claim form submission can also be done online via the website of the company. This reduces the time and is easily accessible for the customers.

Also Read:- Top Reasons Why Your Bike Insurance Claim May Get Rejected    

Conclusion 

This ISO Certified company has a huge trust base among its customers and works with an aim to provide transparency and technology, to establish trust. The company has over 135+ branches all over the country to ensure the availability and delivery of services on time.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.