Cholamandalam Bike Insurance

Cholamandalam MS General Insurance Company Ltd is a leading insurance firm in India. It was founded in the year 2000 and soon recognised as one of the best bike insurance and car insurance firms. The company was formed after a joint venture between two renowned groups Murugappa Group and Mitsui Sumitomo. Murugappa group is a huge business giant which operates in 28 different business lines. This business conglomerate is the mother of so many renowned brands such as Ajax, BSA, Ballmaster, Gromor, Paramfos etc. Whereas Mitsui Sumitomo is a subordinate of one of the largest insurance groups in Japan, MS&AD.

Cholamandalam MS General Insurance Company has a diversified product portfolio. It offers a wide range of insurance products such as Health Insurance, Bike Insurance, Car Insurance, Property Insurance, Marine Insurance, Personal Accident Insurance, Travel Insurance, Crop Insurance etc. In 2018, the company achieved a Gross Written Premium (GWP) of INR 41,026 million. The company tends to offer bike insurance and other related solutions nationwide with a total of 87 branches and 34,000 agents and in different other nations as well. It is catering to the needs of more than 10 million customers.

This bike insurance offering company has a brand philosophy known as T3. It stands for Trust, Transparency, and Technology. It has provided excellent service to its customers for more than a decade and managed to win several awards and recognition from the government of India, international entities and rating agencies for its bike insurance and similar services and delivery innovations.

Cholamandalam MS Bike Insurance

Cholamandalam MS General Insurance Company is a private joint venture insurance provider. They offer three main types of two-wheeler insurance; third party insurance, standalone own-damage insurance and comprehensive plans. Purchasing insurance is a simple way to safeguard both you and your two-wheeler from the uncertainties of the road. Moreover, having a third party insurance is obligatory for every two-wheeler in India according to the IndianMotor Tariff. The insurance will take care of third party liabilities in the event of a mishap including bodily injury, death and property damage. However, if you are looking to protect your own two-wheeler purchase a standalone own-damage cover. This will compensate the policyholder in case of a mishap and covers a wide range of situations comprising road accidents, vandalism, fire, theft, natural and manmade disasters.

Furthermore, if you wish to strengthen your standard two-wheeler insurance Cholamandalam offers add-on covers with own-damage insurance. These covers offer compensation for aspects that are usually excluded in insurance policies. They can also make a significant improvement to the claim amount at the claim settlement, hence, make sure to select the add-ons carefully.

Cholamandalam offers its customers a large variety of add-ons to select from. Additionally, their premium rates are affordable and are also known for their efficient customer service. When you purchase an own-damage cover with them you receive NCB for the claim-free years. This is a reward that is given by insurance providers to their policyholders for their good driving habits. The reward is cumulative and reaches 50% in the fifth consecutive year.

Significant Points of Cholamandalam MS Bike Insurance