Insurance Services
Cholamandalam MS offers comprehensive product solutions covering almost every non-life insurance need, from motor insurance, health, home and travel, to accident to property, marine and engineering. Chola MS is completely consumer oriented, right from underwriting and product development to product differentiation, quick policy issuance, excellent customer redressal mechanisms, as well as fair and quick claims settlement.

Product Range
For individual customers: Home insurance, motor insurance, health insurance (for individuals and their families), travel, shop and office insurance.

For corporate customers: Marine, liability and indemnity, engineering and fire insurance.

All our insurance policies - home, motor, health, etc - are sold under one single brandname: Cholamandalam MS, often abbreviated as Chola MS.

Health Insurance
Chola MS health insurance policies have meticulously designed plans for each customer segment, tailored for the benefits the target customers seek from their policies.

We offer a number of innovative products:

	147 Day Care Procedures: Under these policies, 24-hour hospitalisation is not a mandatory requirement, the policy would still pay.
	Pre-existing Ailment: Covers pre-existing ailments after three years of a continuous policy, compared to four years for most other companies.

Motor Insurance
A Chola MS motor Insurance policy protects your vehicle from losses or damages, including protection from a financial loss arising out of loss or damage to your vehicle, protection from liability towards third parties for personal injury, and protection from death and property damage on account of any accident involving your vehicle.

Coverage: Protection against fire, explosion, self-ignition, lightning, burglary, house breaking, theft, riot and strike, earthquake (fire and shock damage), flood, typhoon, hurricane storms, tempest, inundation, cyclone, hailstorm, frost, accidental external means, malicious acts, terrorist activities, landslide, rockslide, damage while in transit (by road, rail, inland waterway, lift, elevator or air).

Third party liability: Includes unlimited personal coverage (whatever the court awards as liability to the third party owing to accidental death or injuries caused by your vehicle).

Property liability: In the event of your vehicle causing third party property damage, Chola MS offers compensation up to Rs1 lakh in case of two-wheelers and Rs7.5 lakh in case of private cars.

Personal Accident
Cholamandalam Personal Accident Insurance is a low cost protection plan that provides compensation for loss of life or injury (partial or permanent) caused by an accident. The policy is open to all age groups (6 months to 70 years) and the principal sum chosen could vary from Rs1 lakh to Rs1 crore, based on your income.

The policy has unmatched features that protect you and your family during and after a calamity:
Weekly benefit: You or your family can get weekly compensation (up to 1 per cent of the principal sum or Rs5,000, whichever is lower) for a maximum of 100 weeks, in the event that you are not in a position to earn owing to a disability caused by an accident.

Medical reimbursement: You or your family will be reimbursed the cost of treatment and the use of hospital facilities for treatment of your injury (up to 40 per cent of the admissible claim amount, or 10 per cent of the principal sum or the actual medical expenditure, whichever is lower).

Education benefit: In the event of loss of life or permanent total disability, the policy provides compensation to your children or legal spouse to continue education (up to 10 per cent of the principal sum, maximum Rs25,000).

Modification of residential accommodation and own vehicle: Permanent total disability arising from an accident sometimes demands a change in lifestyle. This may involve modifying your vehicle or making some changes in your house. Chola MS reimburses 10 per cent of the principal sum, up to a maximum of Rs50,000.

Ambulance hire (in-built cover): You will be reimbursed up to Rs1,000 for ambulance hire charges in the event of an accident.

Transportation of mortal remains (in-built cover): The policy reimburses up to 3 per cent of the principal sum up to a maximum of Rs6,000, towards the cost of moving the mortal remains from the accident site to the hospital, residence or cremation grounds.

Broken bones: A unique cover for fractures, up to 10 per cent of principal sum under death cover, or a maximum of Rs50,000.

Cremation (in-built cover): Reimbursement of actual costs up to Rs5,000, for performing ceremonies up to the time of cremation.

Home Insurance
Get the best protection for your home, your assets and your interests. Cover any possession, from jewellery, expensive appliances, to your pet and even your holidays! There are unique covers built into the Chola MS home insurance policy that you won't find in similar insurance packages.

Unique covers:
Pet dog insurance: A unique offer covering your pet dog from any accident or disease, or a surgical operation performed during the period of insurance.

Cancellation of vacation: We indemnify, up to the sum insured, pre-paid amounts forfeited (as per terms of a contract of booking and/or reservation of accommodation), for cancellation of hotel/resort rooms as a consequence of hospitalization, loss of life, flood, inundation, storm, lightning, earthquake, fire, etc.

Shop Insurance
Chola MS shop insurance is a low-cost protection plan. In addition to flexibility and low premium rates, we also promise you convenience - when you apply, with documentation and while making claims.

Our shop policies cover building, contents (excluding money and valuables), money insurance, fidelity of employees, fixed plate glass, neon/glow signs, baggage, personal desktop computers, machinery breakdown, personal accident and public liability.

Money Accident
Intended to protect banks, as well as industrial and commercial establishments against loss of money. The policy offers cover against loss of cash, cheques, postal orders and postage stamps, while in direct transit from the bank to the insured's premises or to the places of disbursement.

Product Liability
Suitable for all industries where the need for compensation on account of defective product may arise, the policy pays for damages that the insured is legally liable to pay in consequence of accidental death, injury or disease to third parties - including damage to third party property - owing to any defect in products manufactured.

Exports to other countries can also be covered, provided domestic sales are already covered. Additional covers include vendors' liability extension and technical collaborators' liability. Products manufactured by sub-contractors or licensed manufacturers on their own brand names can also be covered under the same policy.

D & O Indemnity
This policy provides protection to any directors, officers or employees of a company against legal liability for any wrongful act done in their official insured capacity. The policy can also provide for reimbursement to the company when its directors, officers, etc, have been indemnified by the company for their legal liability.

top