If you own a car, it is mandatory to have a car insurance policy as per the Indian law. It is essential to keep your car insurance policy updated by renewing it annually. One of the leading car insurance companies in India is Chola MS. In this article, we will discuss the process of Chola MS car insurance renewal.
Cholamandalam car insurance renewal ensures you have continuity in your policy which comes with several benefits, including cashless claim settlement, 24/7 roadside assistance, and easy renewal process.
Chola MS car insurance renewal can be done online through the company’s website or offline through its branches or agents. The renewal process is quick and hassle-free, and it can be completed in a few simple steps.
The following are the steps for Cholamandalam Car Insurance Renewal
Step 1: Visit Chola MS Website
To complete your Cholamandalam car insurance renewal online, you need to visit the company’s website. On the homepage, you will see an option to renew your policy. Click on the ‘Renew Policy’ button to proceed.
Step 2: Enter Policy Details
Once you click on the ‘Renew Policy’ button, you will be redirected to a page where you need to enter your policy details, such as policy number, expiry date, and vehicle registration number. After entering the details, click on the ‘Renew Now’ button.
Step 3: Choose Policy Add-ons
In this step, you will be asked to select any additional coverage you want to add to your policy. Chola MS offers several add-on covers, including zero depreciation cover, engine protection cover, and personal accident cover for passengers. Choose the add-ons that suit your requirements and click on the ‘Proceed’ button.
Step 4: Review and Pay
In this step, you need to review your policy details and ensure that they are correct. You can also make any changes to your policy at this stage. After reviewing, you need to make the payment for the policy renewal. Chola MS offers various payment options, including credit/debit cards, net banking, and wallets.
Step 5: Receive Policy Documents
Once the payment is made, you will receive the policy documents on your registered email address. You can also download the policy documents from the website.
Offline Process for Chola MS Car Insurance Renewal
If you prefer to renew your Chola MS car insurance policy offline, you can do so by visiting the company’s branch office or contacting its agents. Here are the steps for the offline renewal process:
Step 1: Visit Branch Office or Contact Agent
To renew your Chola MS car insurance policy offline, you need to visit the company’s branch office or contact its agents. You can find the branch office or agent details on the company’s website.
Step 2: Provide Policy Details
Once you visit the branch office or contact the agent, you need to provide your policy details, such as policy number, expiry date, and vehicle registration number.
Step 3: Choose Add-ons
In this step, you can choose any additional coverage you want to add to your policy. The agent will explain the various add-ons available and help you choose the one that suits your requirements.
Step 4: Make Payment
After selecting the add-ons, you need to make the payment for the policy renewal. You can make the payment through cash, cheque, or demand draft.
Step 5: Receive Policy Documents
Once the payment is made, you will receive the policy documents from the branch office or agent. Make sure to verify the details on the policy documents and keep them safely for future reference.
Why Renewing Your Car Insurance Policy is Important?
Car insurance policy renewal is essential for several reasons, including the following:
1. Legal Requirement:
As per the Motor Vehicles Act, it is mandatory to have a valid car insurance policy to drive on Indian roads. Failing to renew your car insurance policy can lead to legal consequences, such as penalties and fines.
2. Continuity of Coverage:
Car insurance policy renewal ensures that your car is protected against unforeseen events, such as accidents, theft, and natural calamities. A lapsed policy means that you will not be covered in case of any such incidents.
3. No Claim Bonus (NCB):
Renewing your car insurance policy before its expiry date ensures that you can retain your NCB. NCB is a discount on the premium amount that you receive for not making any claims during the policy term.
4. Cost-Effective:
Renewing your car insurance policy is cost-effective as it allows you to continue your coverage at a lower cost compared to buying a new policy altogether.
Moreover, renewing your Chola MS car insurance policy on time has several benefits. Let’s take a look at some of them:
1. No Inspection:
If you renew your Chola MS car insurance policy before its expiry date, you do not have to undergo an inspection of your vehicle. This means that you can save time and effort.
2. Hassle-Free:
Chola MS car insurance renewal is a hassle-free process that can be completed in a few easy steps. You can renew your policy online from the comfort of your home or office without having to visit a branch office or agent.
3. Customised Policies:
Chola MS offers customised car insurance policies that are tailored to meet the specific needs of individual car owners. You can choose from a range of add-ons, such as zero depreciation cover, engine protector, and roadside assistance, to enhance the coverage of your policy.
4. Customer Service:
Chola MS has a dedicated customer service team that is available 24×7 to assist you with any queries or concerns related to your car insurance policy. You can reach out to them via phone, email, or chat for quick and efficient resolution of your issues.
5. Claim Settlement:
Chola MS has a fast and efficient claim settlement process that ensures that you receive timely and hassle-free settlement of your claims. The company has a network of garages and workshops where you can avail cashless services for repairs and replacements of your vehicle.
Chola MS car insurance renewal is a simple and hassle-free process that can be done online or offline. It is important to renew your car insurance policy before its expiry date to ensure continuity of coverage and retain your NCB. Chola MS offers various car insurance policies with several benefits, making it a popular choice among car owners in India. Always compare the various policies and their features before renewing your car insurance policy to make an informed decision.