Chola MS Protect 360 Policy

• Protection from loss or damage to your car
• Cover for third party liability
• Personal accident cover for owner cum driver
• Avail NCB benefit
• Take advantage of discounts available
• 24/7 assistance in case of emergencies
• Quick & easy online purchase and renewal
• Cashless claims at over 3750 network garages
• Hassle free claim settlement process
• Optional covers to customize policy coverage

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 2 lakhs is payable towards personal accident cover during any one period of insurance.

No Claim Bonus

In case of a claim-free policy year, No Claim Bonus (NCB) as 20%, 25%, 35%, 45% & 50% is payable and it is offered on renewal of the policy within 90 days from the policy expiry date.

Discounts

You can avail discounts upon having Automobile Association Membership and anti-theft devices approved by Automobile Research Association of India.

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

• Monthly Installment Cover: This add-on covers the non-payment of regular car Monthly Installment/EMI for a specified time period due to an accident involving the insured vehicle.
• Coverage for Disabled Vehicle: The insured is reimbursed towards cost of protection, extraction and removal of disabled vehicle due to loss or damage under Own Damage cover.
• No Claim Bonus Protection: No Claim bonus can be extended to renewal policy, in case of renewal within 30 days of expiry of the policy for partial loss claim. It also covers theft or total loss of the insured vehicle.
• Coverage of Insurance Cost: In case the claim for the insured vehicle is settled as total loss or constructive total loss, then the total annual insurance premium for any other vehicle purchased in insured’s name after the date of such loss of the insured vehicle is borne by the company, upon opting this add-on cover.
• Consumables Cover: Cost of consumables such as Engine oil, Gear box oil, Brake oil, Power steering oil, etc. that may incur while replacing/replenishing the damaged vehicle, following an accident, is payable upon opting this add-on cover.
• Registration Certificate Lost Cover: A fixed amount of Rs 2,000 is payable to obtain duplicate registration certificate of the insured vehicle if original certificate of the insured vehicle is lost by the Insured due to any reason.
• Franchise Benefit: The insured will be offered a discount on Own Damage premium for having agreed to a franchise of Rs 5,000 for each own damage claim up to this amount.
• Waiver of Depreciation: The insured will be indemnified against loss or damage to the parts subject to a deduction of depreciation at the rates specified in respect of parts replaced.
• Reinstatement Value Basis for Fixing IDV: Your vehicle and the accessories are insured on ‘Reinstatement Value Basis’ after excluding the registration charges and road tax.
• Coverage for Road Tax and Registration Charges: The insured is reimbursed for the amount paid towards road tax and registration charges of the insured vehicle in the event of a total loss.
• Reimbursement of Cost of Duplicate Key: The insured is eligible for reimbursement of cost of obtaining duplicate ignition key of the insured vehicle if original is lost. It is payable up to a maximum of Rs 1,000 and only one claim is entertained during a policy period.
• Daily Cash Allowance: The insured is eligible to receive a fixed allowance of Rs 500 or Rs 1000 per day as per the option chosen and it is payable during the period of non-availability of insured vehicle due to partial loss claim/s.
• Wrong Fuelling: The insured is reimbursed for the cost incurred to flush out the wrong type of fuel filled at fuel filling station including replacement of parts subject to depreciation. The cost incurred on wrong fuel is reimbursed up to Rs 1000.
• Hydrostatic Lock Cover: The insured is reimbursed for the cost incurred to repair or replacement of engine, gear box, assembly and parts damaged due to ingress of water or due to leakage of lubricating oil or coolant due to any accidental means.
• Key Replacement Cover: It covers the cost incurred by insured to replace the vehicle keys, owing to theft, burglary, damage to keys or key mechanism of the insured vehicle.
• Personal Belongings: This add-on cover reimburses market value of clothes and personal belongings for the loss or damage caused by fire, burglary or accidental external means while they were kept inside your insured vehicle.
• License Loss Cover: The insured will be payable for a fixed amount of Rs 500 to obtain duplicate license, in case original driving license is lost by the Insured due to any reason.
• You can also opt for add-on cover as personal accident cover for named/unnamed passengers and paid driver in your car, cover for legal liability towards employees arising out of an accident involving the insured vehicle.

Following are the conditions that are not covered under this policy:

• Vehicle is used outside the geographical area
• Vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
• Any claim arising out of contractual liability
• Loss /Damage outside India
• Mechanical breakdown
• Consequential loss
• Depreciation, wear and tear
• Intoxicated driving
• Loss /Damage caused due to War/Mutiny/Nuclear risks, etc.