Discounts
Include No Claim Bonus, Automobile Association Membership Discount, Discount for Anti Theft Devices approved by Automobile Research Association of India (ARAI) that are fitted in the vehicle
Add-on Covers for Private Vehicles
Include a wide range of additional covers that you can choose from for enhanced protection of your vehicle
Fixed Daily Allowance
of INR500 or INR1,000 per day to meet the cost of hiring a car (for a maximum of 5 days per policy period) if the insured vehicle was involved in an accident and is under repair at a garage
Reinstatement Value to ensure maximum claim benefit
Full Car Investment Security with compensation based on the vehicle invoice value# and zero depreciation charges on repaired parts(# Excluding vehicle registration charges and road tax.)
Waiver of reduction in depreciation for partial losses,
such as replaced vehicle parts,depending on the age of the vehicle.
Cover for personal belongings and clothing
destroyed or damaged in a fire or an accident (the items must have been inside the locked car during the mishap). The maximum reimbursement during a policy period is INR10,000
Reimbursement of expenses towards obtaining a ignition key
up to a maximum of INR 1,000, following the loss of the original ignition key
Compensation for obtaining duplicate license
(fixed sum of INR 500) in the event that the original driving license for a light motor vehicle is lost
Cover for road tax and registration charges
Chola Assistance for roadside emergencies
Support is available 24x7 for spot assistance, including fuel delivery and battery top-up, as well as car breakdown assistance including fixing a flat tyre or on-site repair
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%
|
Period of Insurance
|
% of NCB on OD premium
|
The preceding year
|
20 %
|
Preceding Two consecutive years
|
25%
|
Preceding Three consecutive years
|
35%
|
Preceding Four consecutive years
|
45%
|
Preceding Five consecutive years
|
50%
|