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CHOLA MS Two Wheeler Insurance

About CHOLA MS Two Wheeler Insurance

    Why choose CHOLA MS Two-Wheeler Insurance?

    • Chola MS bike insurance policy has unique Add-on covers
    • Long Term Products for New Two Wheelers
    • Roadside Assistance Services Provided at the time of emergency
    • Claims handled in-house
    • CHOLA two-wheeler insurance policy is ISO certified for Motor Claims
    • Technology usage for Claims processing (Speed)

What it covers?

Loss or damage to your Vehicle due to:
  • Social perils - House-breaking or theft
    • Riot, Strike, terrorist activity, malicious activity
    • Accident
    • In transit by road, rail or inland waterway, air, lift, elevator
  • Natural perils - Fire, Explosion, self-ignition or lightening
    • Storm, cyclone, Flood, inundation, hurricane, tempest
    • Earthquake (fire and shock), Rockslide, landslide
  • Third party Liability
    • Personal Injury – Unlimited coverage as per Court Award for accidental Death or injury of the Third party
    • Property Liability – Up to ₹.1,00,000 for accidental damage to property of Third party
  • Our bike insurance policy provides Compulsory Personal Accident (CPA) cover for Owner-driver: Provides coverage up to Rs.15,00,000 for Accidental Death / disability of the Registered Owner while driving or alighting into / out of the Vehicle.

What it does not cover?

  • Intoxicated driving
  • Racing, pace making, reliability trial, speed testing, any purpose in connection with Motor Trade
  • Consequential Loss Mechanical
  • Mechanical Breakdown
  • Chola MS bike insurance policy does not cover Normal wear and tear

Add on Covers:

Add-on covers offers insurance for several damages or events in addition to Own Damage and TP cover, on payment of additional premium;
Add-on cover
Full Depreciation Waiver Cover
  • Replacement of parts will be paid in full without deduction for depreciation
  • Available for Vehicle upto five (5) years of age from the date of first registration
  • Two (2) claims admissible in a Policy Period
Return to invoice
  • In the event of Total Loss, we offer cover for
    • Invoice cost of the New Vehicle
    • Registration charges
    • Road tax
    • Insurance paid for your existing policy
  • Available for Vehicles upto five (5) years of age from the date of first registration
  • One (1) claim in a Policy Period
Monthly Installment Cover
  • 1 EMI for Partial/Total Loss/Theft payable to Financier
  • Time Excess of 5/10/15 days as per option of Insured
  • Available upto five (5) years from the date of first registration
  • Maximum of two (2) claims will be considered in a policy period
Daily Cash Allowance
  • Daily Cash Allowance of ₹250 or ₹500 or ₹750 per day to the Insured
  • Time excess of three (3) days after entrustment of vehicle to repairer
  • Payable maximum for five (5) days during the policy period
  • Available upto ten (10) years from the date of first registration
Hydrostatic Lock Cover
  • Replacement of Engine/Gear Box/Differential Assembly parts due to water logging/lubrication
  • Available upto ten (10) years from the date of first registration
  • Maximum of one (1) claim under the policy
Chola Value Added Services
  • Road Side Assistance Services provided during emergencies
  • There are eight (8) listed Road Side Assistance Services for Two Wheeler:
    • Breakdown support over phone
    • On site minor repair:
    • Fuel delivery
    • Flat tyre support
    • Battery jump start
    • Transfer/Towing of the vehicle
    • Relay of urgent messages
    • Provision of taxi
Assistance handling procedure:
  • Insured can call Emergency Helpline of the Facilitator in case of accident or electrical or mechanical breakdown of the Insured Vehicle
  • Insured to furnish the following details to the facilitator:
    • Name
    • Motor Insurance Policy Number and/or Cover Note
    • Vehicle Registration Number
    • Vehicle Make and Model
    • Breakdown Location
    • Policy Start Date and End Date
    • An indication as to the nature of the problem and Service requested
  • Facilitator will despatch the Services after checking Supplier Network at the place of breakdown
  • Facilitator will send service professional to the Insured’s location to render necessary services.
  • Facilitator will check with the insured on service arrival and if not arrived, will check with the supplier for alternate arrangement
  • Services will be provided on 24 x 7 basis on all the days in a year.
  • The services are available PAN India excluding North Eastern States, Jammu and Kashmir and Islands
  • Customer is covered from the moment customer starts or tries to start the vehicle

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