Why Cholamandalam MS is an ideal choice for purchasing two-wheeler insurance?
Updated On Nov 04, 2021
Bike Insurance helps you financially in case of any mishaps. Read this article to know why MS Cholamandalam is an ideal choice for purchasing two-wheeler insurance.
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Cholamandalam MS General Insurance is a joint venture between the Murugappa Group and Mitsui Sumitomo Company that provides a variety of insurances such as bike insurance, health insurance, travel insurance, property insurance, and more. Third-party insurance, standalone own-damage insurance, and comprehensive plans are the three primary forms of two-wheeler insurance they provide. Purchasing insurance is a simple method to protect yourself and your bike from the dangers of the road. Furthermore, according to the Indian Motor Tariff, every two-wheeler in India must have third-party insurance. In the case of a mishap, the insurance will cover third-party liabilities such as personal injury, death, and property damage. If you want to protect your own two-wheeler, though, you need to buy a standalone own-damage policy.
Why MS Cholamandalam Is An Ideal Choice For Purchasing Two-wheeler Insurance?
Cholamandalam MS Bike Insurance includes the following features:
- It offers a network of over 7,100 affiliated garages where its insured can get cashless bike maintenance.
- It provides phone help 24 hours a day, seven days a week for claim settlement procedures or any other client complaints.
- Cholamandalam MS Bike Insurance provides third-party property damage coverage of up to Rs. 1 lakh.
- Personal accident insurance with a limit of Rs. 15 lakh is offered.
Cholamandalam MS Bike Insurance provides the following incentives to its clients in addition to the previous features:
You can pick unique add-on insurance from Cholamandalam MS Bike Insurance's catalog to add further value to your existing policy. The firm provides coverage such as a 100% depreciation waiver, hydrostatic lock, Chola Value Added Services, and many more.
Long Term Products
When you acquire a new two-wheeler, you are given long-term items that will benefit you in the long run.
Support For Claim Settlement
Cholamandalam MS Bike Insurance has a simple two-step claim process that covers your loss and damage in the event of an accident. Intimation and submission are the two procedures required, following which the corporation takes care of the policyholders' expenditures.
Usage of Technology
Cholamandalam MS Bike Insurance has changed over time and now offers digital options for reporting a mishap by phone or email. Later, the claim form can be submitted online on the company's website. This saves time and makes information readily available to customers.
Cholamandalam provides a wide range of add-ons for its clients to choose from. Furthermore, their premium prices are reasonable, and they are well-known for their prompt customer service. When you buy an own-damage policy from them, you get NCB for the years when you haven't made a claim. This is a bonus offered by insurance companies to clients who have exemplary driving habits. The bonus is cumulative, and in the fifth year, it reaches 50 per cent.
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.