Cholamandalam MS General Insurance Company Ltd, alternatively known as Chola MS is one of the leading providers of various general insurance solutions in India. Cholamandalam MS General Insurance Company Ltd is a joint venture between the Murugappa Group which an Indian conglomerate, and a Japanese insurance company named the Mitsui Sumitomo Insurance Group (MSIG).
Chola MS is a key player in the industry for the past decade. The company offers comprehensive insurance solutions for the protestation of yours and your loved ones from any unforeseen financial expenses. The wide-ranging economic policies from Cholamandalam MS General Insurance Company Ltd include health insurance, car insurance, home insurance, personal accident insurance and travel insurance.
In the FY in 2011 – 12, Cholamandalam MS General Insurance Company achieved a Gross Written Premium (GWP) of Rs. 13465 million. All over India, the company has 93 branches and over 6,000 agents. In the same Financial Year (FY) Chola MS was awarded with the title of best insurance company in India for “"In time Claims Settlement” in the Rashtriya Swasthya Bima Yojana (RSBY) scheme operated by the Ministry of Labour and Employment, Government of India. Cholamandalam MS General Insurance Company was given this particular award in terms of settling claims in time for the hospital that offer cashless treatment facility to the citizens of India below the poverty line (BPL) living in different districts all over the country.
Cholamandalam MS General Insurance Company Ltd has also been awarded with the "Financial Insights Innovation Award" for innovation in mobile enablement – Claims Survey Process at the Asian Insurance Congress which was held in Singapore in the year 2011.
Cholamandalam MS General Insurance Company Ltd has a number of effective plans under their various general insurance categories namely Health Insurance, Car Insurance, Travel Insurance, Personal Accident Insurance and Home Insurance.
Cholamandalam Health Insurance Plans
Life is a journey to be enjoyed. However, sudden or accidental injuries can shatter this happiness in a blink of an eye. Serious illness caused you to lose all your lifelong saving in the process of settling down all the medication and hospitalizing bills. It also leaves you stressed. Cholamandalam health insurance plans makes sure you are protected against all such circumstances giving you the ultimate freedom and zeal to enjoy the life that you have got leaving behind all the stress and worries.
Chola Super Topup Insurance
Chola Super Topup Insurance is a cumulative health insurance Topup plan designed to cover all your higher medical costs on Individual Sum Insured basis or on a floating Sum Insured basis. This health insurance plan from Chola MS provides you with Additional Protection at an affordable price. The policy offers claim reimbursement upto the Sum Insured amount in excess of deductible.
Chola Healthline is an effective health insurance plan from Chola MS. It’s a comprehensive Health Insurance Policy that comes with insurance coverage for families on the basis of individual as well as Floater Sum Insured. Under this mediclaim policy, you will be getting coverage for yourself along with your Spouse and dependent Children on the basis of a Family Floater Sum Insured. If you choose to go for Individual cover you can still include your parents, siblings and parents-in-law too.
Cholamandalam MS General Insurance offers you four different plans with different Sum Insured options under each one of them. The policy has been designed to provide coverage for 24 hours in-patient hospitalization on Reimbursement or Cashless basis. On the basis of the plan you choose, your Sum Insured under this policy gets increased by a percentage annually subject to No Claim.
Chola MS Family Healthline Insurance
Chola MS Family Healthline Insurance is a comprehensive Health insurance plan. This mediclaim policy is most suitable for Families. The plan covers both Allopathy and Ayurvedic treatments. It is a family floater health insurance plan where you can bring your family members under coverage. You can include your Spouse, Children under a single policy and it allows any named family member claim upto the full Sum Insured amount.
Chola MS Family Healthline Insurance covers OP Dental treatments, Maternity Expenses, External Aids – Contact lens, Spectacles and hearing aids, Hospitalization expenses in addition to the Minor Accompaniment cash.
This health insurance policy from Chola MS General Insurance is an ideal policy best suited for young families. Comprehensive and versatile, this medical insurance plan offers cover for widespread health needs including Maternity, Dental, Ayurvedic treatments and Eye care as well as regular covers provided by any standard Mediclaim policy. The health insurance policy covers you, your spouse and children with a Floater Sum Insured amount which - allows any of the family members to claim up to the full Sum Insured.
Chola Swasth Parivar Insurance
Chola Swasth Parivar Insurance is one of the comprehensive insurance policies on offer from Chola MS. This mediclaim policy covers hospitalization expenses for families on a Floater Sum Insured basis. It also comes with Personal Accident cover for your family members on the basis of individual Sum Insured. The premium of this policy is very affordable.
This mediclaim policy from Cholamandalam MS General Insurance Company comes with two plans with flexible Sum Insured options. It covers hospitalization expenses as well as the expenses coming out of 141 day care procedures requiring less than 24 hours of hospitalization. This mediclaim policy also covers pre-hospitalization expenses for up to 30 days before hospitalization and post-hospitalization expenses for up to 60 days after the discharge. No medical checkup is required for upto 55 years of age. The premium paid under this policy will be eligible for tax benefits under section 80D of the Income Tax act. The policy can be renewed throughout the lifetime of an individual given that there isn’t any break in the policy.
Individual Healthline Insurance
Individual Healthline insurance from Chola MS is a comprehensive Health Insurance policy on offer from the company. This mediclaim policy covers Hospitalization expenses as well as other incidental expenses linked with Hospitalization. This Policy also comes with Maternity cover, External aids such as Contact lens, Specs, Hearing Aids etc. The Policy also comes with coverage for General Health / Eye check up once in every 2 continuous claim free years.
Cholamandalam Car Insurance Policy
When you buy a car, it becomes your crucial responsibly to protect it against various damages that could come out of the blue. The moment your car starts piling on the road, it is prone to numerous unexpected perils such as accidents, theft, fire resulting in huge expenses all of a sudden that could drain out your hard earned money.
Comprehensive car insurance policy from Cholamandalam MS General Insurance Company Ltd provides you with all the above-mentioned benefits along with a sense of security and complete peace of mind. Cholamandalam car insurance policy covers your vehicle from accidents and losses as well as various damages done through natural calamities such as cyclones, earthquake, floods etc and manmade calamities such as riot, vandalism, strike etc.
Cholamandalam Travel Insurance Plans
A trip can be exciting and fun if all the things go the way we plan. Since there is always a possibility of things going twisted while you are on a trip, it’s very much important to go for the best travel insurance policy. Travel Insurance policy from Chola MS provides total protection against the loss incurred from baggage or documents loss, trip interruptions caused from flight delays or even a sudden illness in the course of your trip.
It doesn’t matter if you are on a leisure or business trip, Chola MS will be there to take care of you while you are travelling away from home. Cholamandalam travel insurance policy ensures you a relaxed trip, comfortable journey that is free of any kind of stress which could ruin your travel plans. Find out below the various travel insurance plans on offer from Cholamandalam MS General Insurance Company Ltd.
Chola Comprehensive Travel Insurance Policy
Chola Comprehensive Travel Insurance Policy is an Overseas Travel insurance policy specifically designed to cover various perils that you could be exposed to as a traveler while traveling outside India. This travel insurance policy from Chola MS provides you wide-ranging Insurance Protection at an affordable premium.
Chola Overseas Travel Protection Policy
Chola Overseas Travel Protection Policy aims to make sure that your vacation or business trip becomes a hassle-free and memorable one. It doesn’t matter if you are travelling for work, to visit friends or family or to get out of stress with an exciting holiday; Chola Overseas Travel Protection Policy will make sure that your worries stay behind.
Chola Student Travel Protection Plan
You are going on board on a new journey to chase your dreams and fulfill your ambitions; it is certainly a very proud and significant occasion. However, staying miles away from your loved ones in a new country with strangers everywhere comes with a number of worries. Student Travel Protection Plan from Cholamandalam MS General Insurance Company Ltd can be your best friend that you can rely on when you need help in abroad country. In addition, through the process of making your travel worry and risk free, the Chola Student Travel Protection Plan is meticulously designed to provide cover during an illness or sickness.
Chola MS Corporate Travel Insurance
This travel insurance plan from Cholamandalam General Insurance is specifically developed for the employers or the owners of an organization whose employs need to travel frequently. Chola MS Corporate Travel Insurance for businesses of all extents offers customizable travel policies that can be purchased in the name of the corporate entity. Your organization, thereafter, will then be able to issue individual trip certificated for those travelling on behalf of your company. Customizable travel policy from Cholamandalam MS General Insurance Company Ltd offers you a complete flexibility with major cost savings on the premium.
Cholamandalam Personal Accident Insurance Plans
Crisis, accidents, disasters always strikes us out of blue. They come without notification and announcements. An accident can occur in a flash of a second but it can leave a scar for a lifetime. It can cause both emotional and financial havoc. A loss of life or physical disability or a partial loss of sight is not an easy thing to deal with. Since we’re only humans and cannot foresee what’s going to happen next, we can always plan our future securely by purchasing a Personal accident policy.
Personal Accident Policy from Cholamandalam MS General Insurance Company Ltd guarantees financial stability in such unfortunate circumstance. The policy covers physical injuries, death and bodily burns. The policy has been designed to help you cope with the unexpected financial burden. By providing a strong cover and protection, this policy brings your life back on track.
Chola Accident Protection Policy
Chola Accident Protection policy provides you the security of your future and also takes care of your family in the event of an unfortunate event or a sudden accident. Cholamandalam makes sure that your family gets all the desired support when such disaster occurs. The policy enables individuals or family members to get weekly compensation in the event of loss of income caused by death or disability owing to an accident.
Chola Accident Protection also offers compensation for fractures due to an accident. Reimbursements are offered for modifications that might be required for the home or vehicle in case of ill-fated circumstances, where the insured person of this policy holder faces permanent disability. This personal accident policy from Cholamandalam MS General Insurance Company Ltd also covers family transportation costs.
If the insured is a student, he or she will be eligible for the reimbursement of tuition fees subsequent to an accidental injury. The policy also offers a daily allowance for hospitalization in the case of an unfortunate accident. Chola Accident Protection policy has a provision of taking care of all expenses up to burial or post-cremation in the most adverse circumstance where a policy holder faces loss of life.
This personal accident policy can be an ideal plan for compensating individuals against disabilities due to accidents. The plan lets you include spouse and dependent children as well. This personal accident plan from Cholamandalam MS General Insurance provides coverage on a worldwide basis.
Cholamandalam Home Insurance Plans
A home is the place where the heart is. It’s also the place where our body, mind and soul reside. Home is the ultimate destination where we find warmth, peace and happiness. It’s the place where we spend the best moments of our lives with the people that are dear to us. We put aside every single penny of our earnings to buy the house of our dream. Whether it’s a big house or a small one, every house needs special care, protection and safety from unanticipated disasters and damages. A house is prone to various possible threats such as theft, burglary, fire and natural disasters such as storms, earthquake, tornados etc.
Home insurance plan from Cholamandalam MS General Insurance Company not only protects your house externally, but also covers the valuable and assets owned by you along with the structure of house.
Chola Home Protect Policy
Chola MS offers you a home insurance plan that is as special as your most precious home - Chola Total Home Protect Policy. This home insurance plan comes with triple benefits through a unique and revolutionary coverage.
You can safeguard not just your house but all the valuables inside, and also protect your family with Chola Total Home Protect plan. This way, the Chola MS home insurance plan not just gives you one or even two, but three-fold protection. When you choose to buy Chola Total Home Protect, you can avail:
Provides cover for the valuable contents, structure of the home, and family members against various unfortunate, unforeseen circumstances.
No additional documents or valuation certificates are required when you opt for the purchase of this policy.
Hassle-free Claims Process:
In terms of the settlement of claims, Cholamandalam MS General Insurance Company keeps it simple and convenient so that your time of a catastrophe availing help doesn’t get further burdened by having to look for compensation
The policy comes with a wide range of options for the Sum Insured
Standard Fire and Special Perils Policy for Long Term Dwellings
The Standard Fire and Special Perils Insurance Policy from Cholamandalam MS General Insurance Company Ltd is n ideal solution for customers willing to shield their Building against losses that could arise out of various unfortunate events.
Standard Fire and Special Perils Policy long term Dwellings from Cholamandalam MS General Insurance protects against the following for Building:
- ✔Strikes, Riots and Malicious damage.
- ✔Impact damage by any rail/road vehicles or animal, other than owned vehicle or animal
- ✔Explosion / Implosion.
- ✔Aircraft damage.
- ✔Subsidence and Landslide including Rockslide.
- ✔Covers overflowing and bursting of Water Tanks, Pipes and Apparatus.
- ✔Missile testing operations.
- ✔Leakage from Automatic Sprinkler Installations.
- ✔Bush Fire.
- ✔Cyclone, Storm, Tempest, Typhoon, Tornado, Hurricane, Inundation and Flood.
- ✔Terrorism (optional cover)
The renewal of Chola MS insurance policies is just as important as buying one online. Any failure to renew your policy by the due time will cost you to lose coverage as well as the No Claim Bonus (NCB). Therefore, you must make sure that your policy from Cholamandalam MS General Insurance Company Ltd is renewed on time to escape any complication.
You can renew your policy with Chola MS by simply visiting the official website of the company. Visit the official website of Cholamandalam MS General Insurance Company Ltd and click on ‘’Renew Online” option or click on “Renew Your Policy” option. Register yourself with the company by entering necessary details. After registration, select your Chola MS policy. Pay the premium online via credit card, debit card or net banking. After the payment of premium, you will be done with the renewal of your Chola MS General insurance policy. You will get the renewal document in your registered email id or you can also download the same after the renewal completion with Cholamandalam MS General Insurance Company.
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