Purchase/Renew Automobile Insurance Policy Online

What constitutes car insurance?

Car insurance, often known as car insurance, serves as a buffer between you and financial losses brought on by theft, natural disasters, collision damage, and any ensuing obligations. Both your own vehicle and another person's vehicle may be covered by auto insurance. There may also be situations in which you get into an accident and end up injuring other people or damaging property. These third-party obligations are also covered by an auto insurance policy.

According to the Motor Vehicle Act of 1988, third-party insurance is required in India in order to drive a car. You can choose to add an additional degree of security to your basic auto insurance coverage with our comprehensive policy.

To assist you customize your insurance package and make it fit your needs, Chola MS offers a variety of add-ons and customizations under the comprehensive auto insurance, such as return to invoice cover, depreciative waiver or zero depreciation insurance, etc.

Easy Steps to Purchase or Renew Auto Insurance Online

Since you have already invested a significant amount of money in purchasing a car, you might be hesitant to obtain a motor insurance coverage. With our digital platform, we aim to simplify the process of purchasing or renewing auto insurance since we recognize this. These days, you can file an insurance claim by following a few easy steps.

Complete the Required Fields: A few variables, including the age, location, claim history, and make, model, and variant of the vehicle, affect an auto insurance rate. You don't need to stress about the inconvenience of physically providing each and every one of the necessary paperwork. You can now submit all of the documentation online and register your claim without needing any paper work at all.
Obtain a Quote Right Away: You can get a quote before deciding on a plan, which will help you better understand the many policies that cover your vehicle. All you need to do is enter the registration number of your vehicle and your phone number.You can get a quote before deciding on a plan, which will help you better understand the many policies that cover your vehicle. All you need to do is enter the registration number of your vehicle and your phone number.
Select Your Plan: At Chola MS, you can select the insurance plan that best suits your needs. The ideal choice might be the comprehensive auto insurance policy, which protects your vehicle from theft, accidents, and natural disasters in addition to providing third-party liability coverage. Including different add-on covers will make your plan stronger.
At the time of renewal, we additionally provide our policyholders with a No Claim Bonus (NCB). You qualify for a discount if you haven't filed a claim during the duration of the policy. But be careful to include this information in the renewal quota when you renew the policy.
Pay with No Cash: By choosing cashless payments, you may cut down on paper transactions and make payments from any location. Your car insurance will arrive in the registered mail in a matter of minutes once you make your payment via Net Banking, a credit card, a debit card, etc.
Remember the Renewal Date: It merely requires a few minutes to renew your auto insurance online. At Chola MS, you can also find out how long your insurance policy will last. To prevent any break-in coverage and an increase in the cost of your auto insurance, we advise you to renew your policy well in advance of the expiration date. You can also lose your acclaimed NCB (if any) and have it reset to zero if the policy renewal is postponed for more than ninety-nine days after the expiration date.

What benefits are included in your comprehensive auto insurance policy?

Mishap: When any kind of collision or accident results in damage, it's referred to as an accident or external damage. You don't need to worry in these situations because the insurance company will cover the costs.
Theft: One of a person's worst nightmares can involve having their car stolen. Thankfully, your auto insurance provider will cover the cost of any damage incurred if your vehicle is lost due to theft or burglary.
Explosion and Fire: The insurance companies will cover the losses you incur in relation to your vehicle in the event of an explosion or fire.
Natural Catastrophes: We at Chola Insurance, the top auto insurance provider, will take care of any damage or loss incurred by your car in the event of a natural disaster, such as a landslide, earthquake, cyclone, tsunami, etc.
Individual Mishap: An insurance company is required to pay for any losses or damages resulting from an unfortunate car accident for which own damage insurance is required. They will also cover the cost of any treatments you receive.
Losses to Third Parties: A third party's vehicle or property damages resulting from damage your car causes are also covered by an insurance company. The provision of third-party security benefits includes third-party auto insurance.
Strikes and Riots: You can be confident that your insurance provider will be there to support you in handling the damage to your car in the event of a riot or strike in your community. You won't be helpless in these circumstances.
Terrorism: If terrorist activity causes damage to your car, it could increase your anxiety and cause worry. As a result, the insurance provider can pay for the vehicle's damages and provide you some comfort.

Add-on covers to strengthen your Car insurance cover

Absence of Depreciation: This is available for both brand-new cars and can be chosen when the policy is being renewed. Choosing this coverage facilitates the claims procedure. The whole amount of the claim will be handled without taking the car's value reduction into account.
Static Hydrodynamic: This add-on cover will come in handy if the engine won't start due to lubricant leaks or water intrusion into the car. It makes up for things like engine or gearbox repairs or replacements.
Final Products: When it comes to the expense of replacing or replenishing consumables like nuts, screws, fuel filters, oil filters, and bearings, this add-on cover will apply.
Replacement of a Key: In the event of a car break-in or a security issue brought on by misplaced keys, broken keys, or damaged key mechanisms, this add-on will cover the cost of replacing or repairing the key set.
Individual possessions: This coverage makes up for clothing and personal items lost or damaged as a result of a fire, burglary, or collision involving the insured vehicle.
Roadside support services: Our car breaks down and we are left stranded with no way to get help. With the help of this add-on cover, you can obtain support with just a phone call.

How to Select Auto Insurance?

The declared value of insurance (IDV)

The lowest amount that the insurance provider consents to pay you at the time of claim settlement is known as the Insured Declared Value, or IDV. The total sum, which is decided by your premium and the type of policy, is known as the IDV.

It is an important factor to take into account when selecting the type of insurance you want to buy. The amount of money you may need in the event of an accident is unpredictable, so you shouldn't take the payout amount for granted.

Increase the number of riders

Rider choices are typically included with insurance plans. A rider is an extra provision that can be added to the standard insurance terms to customize and tailor it to the policyholder's needs.

Only policies that are comprehensive can have riders. Prior to choosing the plan you want to buy, you should think about the riders you want to add and make your decision appropriately.

Procedure for Claims

The claim procedure must to be sufficiently straightforward to prevent adding to the already potentially stressful circumstances. Before agreeing to the auto insurance coverage, make sure you are aware of and understand the claims process in the event of an unlucky event. It's important to ask your advisor questions or read up on the claim process beforehand. These are steps that shouldn't be overlooked.

Procedure for Renewal
The precise duration of your auto insurance policy should be known to you; either write it down on your calendar or choose a reputable service provider, such as Chola MS, that will notify you well in advance of the policy's expiration.

Negative legal and financial repercussions may result from neglecting to renew your insurance or from not renewing it for any reason at all. Before you buy the insurance policy, you have to know the procedure and the date of renewal.

The Sort of Cover You Require

The first thing you need to do is figure out what kind of cover you actually need. The minimum requirement set by law is to obtain third-party coverage, which is less expensive and just covers damages to third parties.

The Kind of Vehicle

The type of vehicle, its fuel family, and its manufacture all affect the premium you choose to pay. Diesel-powered vehicles typically carry a premium above their gasoline-powered counterparts. In a similar vein, hatchbacks and standard multiutility vehicles are less expensive to insure than sports cars and SUVs. The reason for the premium differential is that more claims are filed under the former group each year than under the latter. After taking into account this price differential, you must decide on the type of coverage you desire.

History of Insurance

If you haven't filed any claims throughout the policy's term, you may be eligible for a no-claims bonus in the form of a discount when renewing your insurance. Vehicles without a history of insurance claims will pay less in insurance premiums, and those with a history of claims would pay more. When selecting the type of coverage, keep in mind that it will have an impact on your budget.

Your Location

When choosing your coverage, you should take your car's location into consideration since it affects the premium amount. The cost of insurance for cars is higher in urban regions than in rural ones. This is because there is a greater chance of accidents and thefts in the former. In a similar vein, those who live close to roads, in densely populated regions, or in places where theft is a known problem will pay higher insurance rates.

Terms & Conditions of Policy

Chola MS would never withhold from you any crucial information because she firmly believes in total transparency. It is highly advised that you carefully review the fine print and consent to the purchase only after fully comprehending the terms and conditions. This is crucial to ensure that you never unintentionally fall victim to deception and that you fully comprehend the terms of any policy before entering into an agreement.

File An Insurance Claim For Your Vehicle

Send us an online claim or give us a call at 1800-208-5544. We now offer a more effective way to notify claimants using live video streaming (LVS).
During the notification process, the surveyor will go to the garage or accident scene and check the damages. We evaluate the damages your car has received in real time with LVS, which saves you time.
The insurance policy's supporting documentation will be examined.
Remain calm and settle in! Allow the claim procedure to begin. With a mouse click, you may follow up on your request by getting in touch with our customer support.
As we quickly resolve your claims, keep your composure!