Learn about all the various intricacies of car insurance policies offered by Chola MS, including the features, benefits, claim process as well as the diverse options that are available.
Among the many investments that define the luxuries and necessities of life, the car is a crucial one. The act of purchasing a car comes with several far-reaching repercussions, including the fact that the lives of you and your family will never be the same again. One of the quintessential facets of purchasing a car involves the mandatory step of opting for an apt car insurance policy. At Chola MS Insurance, we pride ourselves in being able to guide our consumers to car insurance policies that perfectly fit in with their personal vision of the future. Buy car insurance online with Chola MS and enjoy the unparalleled benefits that come with this simple decision.
Often, due to misconceptions and assumptions, people tend to lose their way when it comes to finding a car insurance policy that perfectly suits their needs and requirements. At Chola MS Insurance, we like to keep it simple and hence, we would like to give you the golden rule of three, three core steps that can make purchasing car insurance a breeze.
The first step is all about telling us the intricacies of your car, including aspects such as model, make, registration number, cubic capacity of engine, etc. These details help us provide you with car insurance policy options that we deem to be the best fits for the vehicle that you own.
Once the car details are fed into the system, we provide you a list of insurance policies that you can choose from. The website of Chola MS insurance provides the option of comparing the various features, benefits, coverage options and premiums of different policies, thereby making the selecting process smoother for you.
Once you select the policy that fits into your budget and also provides the best coverage options as per your needs, you can proceed to the payment gateway to complete your transaction. As soon as the transaction is completed, you will receive your policy document in your email inbox.
When it comes to car insurance, the options that we provide at Chola MS Insurance are diverse, each with its own perks and coverage options. However, all of these can be categorized under three main types of policies, which are as follows:
This type of car insurance is a mandatory legal requirement as per the Motor Vehicles Act of 1988. The core feature of third party car insurance is that it covers financial damages and legal liabilities claimed by a third party involved in an accident with the insured.
A comprehensive car insurance policy provides coverage options that go above and beyond the basic liabilities covered under third-party car insurance policies. Some of various protection covers offered under such policies include compensation for damages caused by natural disasters, theft, fire, etc.
Most insurance policies do not cover certain financial damages which occur due to vehicular aging, wear and tear, and other natural factors. The Zero Depreciation car insurance policy is designed to ensure that these underlying ravages of time are also covered under the financial protection offered by the insurer.
Some of the core features and benefits offered by a holistic car insurance policy provided under the name and trust of Chola MS insurance include the following:
Whenever you find yourself looking at your car at its worst, ruined, decrepit and damaged, you merely need to follow three simple steps to file an insurance claim.
The Sum Insured Value can be defined as the maximum amount of compensation that a car insurance policy provider is liable to pay for financial damages incurred by the insured. The Sum Insured is heavily dependent upon the selling price of the car that you own (at the time when it was purchased), as well as the make and model of the car. At the same time, the Sum Insured may also be adjusted based on the current level of depreciation that is incurred by your vehicle’s condition.
A No Claim Bonus can be availed by a policyholder when he/she has not filed for any claims within a year from the purchase of the policy. No Claim Bonuses tend to accumulate for each year within which the policyholder does not file a claim. In other words, the lower the claims filed, the higher will be the amount of No Claim Bonuses that a policyholder may avail over a period of time.