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 Individual > Motor > Chola Protect |
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Cholamandalam | |  |  | Third Party Personal Liability: Unlimited coverage i.e. whatever the court awards as your liability to the third party due to accidental death or injuries caused by your vehicle will be met by Cholamandalam MS General Insurance Company Ltd. (Chola MS) | | Third Party Property Damage: Compensation upto Rs.7,50,000/- in case of Private Cars | | The Own Damage Cover will cover the loss or damage to your vehicle due to any of the following reasons:
| • | Fire, explosion, self-ignition or lightning | | • | Burglary housebreaking or theft | | • | Riot and strike | | • | Earthquake (fire and shock damage) | | • | Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone, Hailstorm | | • | Accidental external means | | • | Malicious Act | | • | Terrorist Activity | | • | Whilst in transit by road, rail, inland waterway, lift, elevator or air | | • | Landslide, Rockslide | | | Personal Accident Cover:
The owner-driver (compulsory) : Cover of Rs. 2,00,000/-
Unnamed passengers including spouse, children, parents, etc.: Rs. 10,000/- to a maximum of Rs. 2,00,000/- (In multiples of 10,000/-). | | Legal liability towards your employees:
Through this extension, you will be compensated for any legal liability towards your employees that may arise due to an accident involving the vehicle. | | Discounts | | No Claim Bonus (NCB): Discount on the premium if you have not made any claim in the previous policy period | | Automobile Association Membership Discount | | Discount for Anti theft devices fitted in vehicle , approved from Automobile Research Association of India (ARAI) | | Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy. | | | * Conditions Apply |  | | | | Accidental loss or damage suffered while driving under the influence of intoxicating liquor or drug | | Accidental loss or damage caused due to willful negligence | | Loss or liability while the vehicle is used outside the scope of limitations of use and / or being driven by a person not duly licensed | | Consequential loss, depreciation, wear & tear, mechanical & electrical breakdown / failure of breakages | | Loss due to radioactivity or nuclear weapons | | Loss due to war and related activities | | Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy. | | | * Conditions Apply | | |
| | | Chola Protect 360o is a one- of- its- kind all inclusive Private Car Insurance Package Policy, which not only covers your financial loss to the maximum but also makes sure that every situation, is under control. In fact, we at Cholamandalam MS go that extra mile to ensure your journey is smooth all the way through. | | Total financial coverage e.g. Reinstatement value/nil depreciation | | Car emergency assistance e.g. Fuel delivery/battery jump start | | Car breakdown assistance e.g. Flat tyre/on-site repair e.g. fuel delivery/battery top up | | Post accident assistance e.g. Daily allowance/ Towing service | | | Daily Allowance
Fixed daily allowance of Rs. 500/- or Rs.1000/- per day to meet the cost of hiring a car (maximum of 5 days per policy period) while your insured car is under repair at the garage due to accident. | | | Reinstatement Value to ensure maximum claim benefit- Full Car investment Security
Your car is insured on ‘Reinstatement Value Basis’, i.e. the original invoice value. In case of total loss/constructive total loss (75% damage to the car) of car, you will be compensated on the basis of vehicle invoice value#. The depreciation on repaired parts in case of accident/partial loss will be zero.
#-Excluding vehicle registration charges and road tax | | | Depreciation Waiver on Vehicle Parts
The depreciation charges on the replaced vehicle parts will be waived off. The waiver amount will depend on the age of the vehicle. | | | Cover for Personal Luggage Loss
We will reimburse market value of personal luggage for the loss or damage caused by fire or accident provided the luggage were inside the locked car during the mishap. Maximum reimbursement in a policy period is Rs.10,000/- | | | Chola Assistance for Roadside Emergencies - CARE 24X7
We will assist you at every point, whether it is car emergency assistance like fuel delivery/ battery top up or car breakdown assistance like flat tyre/on-site repair, CARE will be with you always.
CARE is just a call away: 1800-103-5354/1800-209-5354 (Exclusive Toll free number for CARE Services only)
For complete CARE benefit plan please click here. | | | | | | The Insured‘s Declared Value (IDV) of the vehicle will be deemed to be the ‘Sum Insured’ for the purpose which is fixed at the commencement of each policy period for the insured vehicle. The IDV of the vehicle is to be fixed on the basis of manufacturer’s listed selling price of the brand and model as the insured vehicle at the commencement of insurance/renewal and adjusted for depreciation.
The schedule of age-wise depreciation is shown below; and is applicable for the purpose of Total loss/ Constructive Total Loss claims only
| | | Age of the Vehicle | % of depreciation for fixing IDV | | Not exceeding 6 months | 5% | | Exceeding 6 months but not exceeding 1 year | 15% | | Exceeding 1 year but not exceeding 2 years | 20% | | Exceeding 2 years but not exceeding 3 years | 30% | | Exceeding 3 years but not exceeding 4 years | 40% | | Exceeding 4 years but not exceeding 5 years | 50% | | Note: If you have opted for Reinstatement value Benefit and your car is insured on "Reinstatement Value Basis", i.e. the original invoice value, then sum insured will be the invoice value of the car. | | | | * Conditions Apply | | | |
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