Download the Policybazaar app
to manage all your insurance needs.
-
Home
-
Car Insurance
-
Chola MS Car Insurance
- Chola MS Third Party Car Insurance
Chola MS Third Party Car Insurance
Cholamandalam third-party car insurance policy covers the policyholder from unplanned legal and financial liabilities in the case of an unforeseen car accident leading to injuries to a third party or damage to their property. This car insurance policy by Cholamandalam General Insurance Company fulfills this basic requirement by providing you coverage for legal and financial liabilities towards a third-party.
Benefits of Cholamandalam Third Party Car Insurance
Purchasing a Cholamandalam third party insurance offers you following benefits:
- Covered Legally: With a Chola MS third party car insurance policy, you fulfill the mandate of having a car insurance policy.
- TP Liability Cover: By purchasing a third party cover, you will be covered in case of any third party liability. TP liabilities include death, disability and property damage.
- Low Premium: The premium for a Chola MS third party car insurance is also low as compared to other policies.
- PA Cover: With a Chola third party insurance, you can also cover the death or disability of the owner/driver of the insured four-wheeler.
Coverage Under Cholamandalam Third-Party Car Insurance
- If your vehicle causes damage to the vehicle/property of a third in an accident, the car insurance will cover it.
- The car policy provides compensation to the third party victim who has been injured in an accident caused by the insured car.
- It also pays compensation in case the accident leads to the death or permanent disability of the third party victim.
- In case there are additional people injured in the course of the accident, you would be covered against the liability for the injuries sustained by them.
- If the accident was staged or caused deliberately
- Any damage sustained by the policyholder's vehicle or any belongings in the car, not just in an accident but also in the case of theft or fire
- Damage caused to the third party via an accident caused due to the owner of the vehicle being intoxicated
- Any sort of liability occurred due to an accident outside the specified geographic location
- An accident caused by a vehicle without valid registration or the driver not carrying a valid license
- Non-adherence to traffic signals such as jumping red lights, driving on the wrong side of the road, or not following the speed limit
How to Purchase Cholamandalam Third Party Car Insurance Policy?
A Cholamandalam third party car insurance can be bought by following the steps mentioned below:
- Visit Policybazaar.com and select the “Car Insurance” tab from the homepage
- Enter your car number in the given form or proceed with “Brand New Car” option
- Now select your car details such as make, model, variant, RTO, and registration year
- Fill in the registration details and proceed
- From the list of third party car insurance policy, find Chola MS car plan and select it
- Once you have selected the plan, make premium payment via online payment mode
- After final payment, your Cholamandalam third party insurance policy will be mailed to you.
Documents Required to Raise a Cholamandalam Third Party Car Insurance Claim
Here are the documents you will need to raise a claim under Cholamandalam third party insurance:
- Duly filled and signed claim form
- FIR registered by the police
- Copy of car's RC
- Copy of DL of the driver
- Report of the surveyor
- Original repair invoice
- Payment receipt
FAQs
-
Q1. Can I transfer my existing Cholamandalam third-party car insurance if I choose to sell my car?
Ans: Yes, it is possible to transfer your third-party car insurance in case you have sold the vehicle. Please note that such transfer can only occur in the name of the new buyer and not to a new vehicle. You would need to apply to Cholamandalam MS General Insurance Company within 14 days from the date of the vehicle's transfer. -
Q2. For how long will my Cholamandalam third-party car insurance be valid?
Ans: A third-party car insurance plan is valid for 1 year from the date it is bought. However, keep in mind that it is mandatory to buy a minimum 3-year cover for brand new cars. -
Q3. Is buying Cholamandalam Third-Party car insurance necessary if my car is old?
Ans: The Motor Vehicles Act, 1988 has made it mandatory to buy at least a third-party car insurance plan without making any distinction between old or new vehicles. Having said that, it is cheaper to buy car insurance for an older car as the value of the vehicle depreciates with time. -
Q4. What will happen to my No Claim Bonus if I raise a claim only once a year under my Cholamandalam third-party car insurance?
Ans: A No Claim Bonus reward is not offered with a third party car insurance policy. This discount is only available under comprehensive plan and resets to zero as soon as a claim is raised.
Car Third-Party Insurers
Bajaj Allianz Third Party Car Insurance
Digit Third Party Car Insurance
Future Generali Third Party Car Insurance
HDFC Ergo Third Party Car Insurance
ICICI Lombard Third Party Car Insurance
IFFCO Tokio Third Party Car Insurance
Liberty Third Party Car Insurance
Magma HDI Third Party Car Insurance
Expand
Car insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Car insurance Articles
- Recent Article
- Popular Articles
20 Jun 2024
Top 5 Car Care Tips to Beat The Summer Heat
The extreme heat and constant heat wave warnings have made
Read more
11 Jun 2024
How to Check Car Owner Details By Registration...
Scenarios like hit-and-run accidents or purchasing a second-hand
Read more
21 May 2024
Get Faster Claim Settlement with Policybazaar...
Getting your car insurance claim settled is no longer a hassle
Read more
17 Apr 2024
Understand the Nitty-Gritty of Car Insurance...
Have you recently purchased a car insurance policy for your new
Read more
22 Feb 2024
IDV in Car Insurance
In layman's terms, the IDV full form is the Insured Declared Value
Read more#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.