Cholamandalam General Insurance Company offered two different Chola MS Home Insurance policies to protect your home from fire, theft, burglary and also from the natural disasters. The two Home Loan Policies are Chola MS Home Insurance Policy & Home Protect Policy. The Chola General Home Insurance Plan provides Security to your home from natural or man-made calamities. So buy a new Home Loan Insurance Plan to protect your home from the uncertainties. Therefore, check all the details of Home Insurance & Home Protect Plan Benefits, Features, Coverages & Exclusions given below.
Chola MS Home Insurance Plan
Chola MS Home Insurance & Home Protect Policies are the best policies to keep your house secure. Your home is your most proud possession. This made you feel comfortable, safe and cherished. We do the same for your home with our Chola MS Home Insurance. However, Chola MS General Home Insurance Plan provides protection and safety for your house from disasters and damages. This Policy protects not only a house but also for the private things in your home like Jewellery, Baggage, Refrigerators, etc. The Chola MS General Home Loan Insurance Scheme/ Plan covers all assets and valuable things owned by you. The Home Insurance & Home Protect Policies provides benefits & Coverages on insurance cover option.
The Chola MS General Insurance Company Limited realises the need and has designed a variety of home insurance products that serve to everyone’s home insurance needs. The Various Home Loan Plans are Chola MS Home Insurance Plan & Home Protect Plan. As per your requirements & need, you can select any of the Home insurance plans that satisfy the needs of people. The Life Assured can pay Premium using Chola MS Home Insurance Online Premium Payment. And also the Insured can calculate the premium using Home Insurance Premium calculator.
Chola MS General House Property Benefits & Features
The Chola MS General Home Insurance Plans have the following benefits and features. The Policyholder can check the following Features & Benefits, Advantages that are offered by Chola MS Home General Insurance Policy.
Chola MS House Insurance Benefits & Features
- This Policy is the best cover for your home and loved ones.
- It Covers for all your valuables and assets.
- You have the flexibility to choose the cover you specifically need.
- Low premiums for your Policy.
- Convenient and hassle-free processes for applications, claims and everything in between.
- Dedicated customer support for all your questions and issues.
- Buy Chola MS house insurance online and save time, money and hassle.
- It provides Standard coverage for protection for your property against the damage occur due to explosion or fire, attempted burglary and natural disasters, theft, and compensation for damage to property or contents within, through vehicular accidents.
- The Option of covers for your valuable items such as camera and jewellery.
Cholamandalam Home Protect Insurance Plan Benefits & Features
- Comprehensive cover: It Offers cover for the House Structure, valuable contents and family members against unforeseen & unfortunate events.
- Hassle-free process: When you apply for or purchase the policy, we do not ask you for any additional documents or valuation certificates.
- Equally hassle-free claims process: This Policy is simple and convenient so that your time of crisis not further burdened by having to seek compensation.
- A wide range of options for the sum insured.
Chola MS General Insurance Home Plan Coverages
The Chola MS Home Loan Insurance Policy is designed to cover the damage or loss caused to the building used as residential homes due to fire and some special perils. It Covers the destruction of loss/ damage to the insured property by any of the following perils.
Chola Home Insurance Plan Coverages
The Damage occurs to the home due to factors such as fire, lightning, earthquake, landslide, cyclone, flood, overflow/ bursting of water tanks, storm, riots, strikes, malicious acts, terrorist acts and damage due to aircraft or any articles dropped from an aircraft.
Fire and Special Perils:
Building (Section I) and Contents (Section IA) covers the structure of your home and contents against:
- Fire, Lightning, Explosion/Implosion, Aircraft Damage.
- Subsidence and Landslide including Rockslide.
- Missile testing operations.
- Riot, Strike, Malicious and Terrorist Damages
- Leakage from automatic sprinklers installations.
- Bursting and overflowing of water tanks, apparatus, pipes.
- Impact damage by rail/road vehicle and animal.
- Storm, Typhoon, Cyclone Tempest, Hurricane, Tornado, Flood and Inundation.
- Earthquake, Volcanic Eruption & other Convulsions of Nature.
Burglary and housebreaking: Including Larceny and Theft (Section II)
- The Policyholders can also insure the contents of their home against loss occur due to burglary or housebreaking or attempted burglary. They also cover the Jewellery kept in a safe within the home premises.
- Contents: Damage and loss occur to the house due to break-ins or burglary.
- Jewellery and valuables: Damage/ loss occur due to an accident or misfortune within India.
- Plate glass: Accidental breakage.
- Domestic appliances: Mechanical or electrical breakdown.
- Domestic electronic equipment: Total loss due to mechanical/ electrical breakdown or due to an accident.
- Baggage: Loss or damage to baggage during travel within India.
- Personal Accident: Loss of life and repatriation of mortal remains for up to four persons.
- The Sum Insured Under Section-I, Contents damaged or lost due to Fire & Special Perils and also Section II due to Burglary & Theft should be the same.
- Make sure your investment in your house serves as an asset for a lifetime by opting for the specially crafted house insurance policy from Chola MS.
Chola MS Home Protect Insurance Plan Coverages
Cover for Contents and Building Structure:
The contents & Building Structure of the house can be insured against loss or damage due to
- Fire, implosions, lightning, explosions, strike, riots or malicious acts.
- Earthquakes, shock, landslide or subsidence.
- Flood, storm, inundation, tempest, typhoon, tornado, hurricane or cyclone.
- Missile testing operations.
- Acts of terrorism.
Cover for People:
- Family floater accidental hospitalisation.
- Additional rent for alternate accommodation [for an own house only].
- Personal Accident.
- Public Liability.
- Workmen’s Compensation.
- Domestic Electrical Appliances.
- Jewellery and Valuables.
- Plate Glass.
- Purchase Protection Cover.
Chola MS General Home Loan Insurance Exclusions
The Chola MS General Insurance Company provided major exclusions under this Insurance Policy. The Major exclusions under this Policy are in respect of loss or damage due to:
Chola MS Home Insurance Exclusions
This is an indicative list of the general exclusions under Chola MS Home Insurance plan:
- War & allied peril.
- Nuclear & allied peril.
- Wear & tear.
- Pollution & contamination.
Chola MS Home Protect Exclusions
Some of the exclusions of the Chola MS Total Home Protect policy include:
- Damage, destruction or loss related to bullion, curios or works, unset precious stones of art valued at over INR 10,000, plans, manuscripts, drawings, stamps, securities, coin or paper money, cheques, documents, computer system records, explosives, business related books.
- The Damage or loss occurs to motor vehicles, cycles or livestock.
- Damage of loss to consumable items.
- Under the Maintenance Agreement, the damage for which the supplier or the manufacturer of the property is responsible.
- Defects, Flaws, partial fractures/ cracks that develop over time but do not necessitate immediate stoppage, although repair or replacement of the parts might be needed at some later date.
- Due to normal use or exposure, the Deterioration, wearing away or wearing out of any item.
- Damage due to willful gross negligence or a willful act of the policyholder or his employee’s.
- The Damage caused by faults that pre-existed the commencement of the current insurance policy and not known to the policyholder, regardless of whether such defects or flaws were known to the company or not.
- Damage or loss during transport by any carrier under a contract of affreightment.
- Lettered, silvered, embossed, carved, ornamental or any glass other than plain and of ordinary glazing quality.
For more details regarding Coverages, Exclusions, Benefits & Features of Chola MS General Home Insurance Plan
Chola MS General Home Insurance Policy Buying Process
The Chola MS Home Insurance Plan buying procedure is available here. The Buying procedure of Home Insurance policy is very simple if you have all the information regarding documents with you. Before buying the Home Insurance Policy & Home Protect Policy, read the Plan details carefully. The Appointee can buy the House Property Insurance Plan in two ways either offline or online. For offline Process, you have to visit the nearest Chola MS General Insurance Company Branch Office. For Online Process, refer the Official Website and fill the application form or proposal form for the relevant policy.
The Documents required for buying the Home Insurance Policy are
- Application form / Proposal form along with the photo.
- Age Proof.
- Address Proof.
- House Papers.
- Home Number etc.
Chola MS Home Plan & Home Protect Insurance Claim Process
Under this Policy, the claiming process is extremely simple, and the settlement is too fast. Check the Chola MS House Package Policy Claim Process here.
Approach the General Home Insurance Corporate Ltd through any one of the given options.
- Phone (Help Line Number (1-800-200-55-44).
- Email notification.
- By letter / Fax.
- Submitting manual claim form at any of Chola MS General Insurance branch.
- Your Insurance Representative.
Required Details to claim Home policy:
- Your Contact numbers
- Policy Number
- Name of Insured
- Date & Time of Loss
- Location of Loss
- Contact details at Loss Location
- Nature of Loss
- Estimate of loss
How can I renew my Cholamandalam General Insurance Home Plan?
The Home General Insurance Renewal process is possible in two ways, i.e., offline and online. For offline renewal, you have to visit the Chola MS General Insurance Company Branch Office within the grace period. The Policyholder must fill the corresponding forms regarding the policy and make payment. Check the Renewal process of Chola MS Home Loan Insurance Policy through Offline.
Chola MS Home Loan Insurance Policy Renewal Process
- The Policyholders must visit the Cholamandalam General Insurance Company nearest branch office.
- Submit the Renewal Form to the company.
- And also submit the required documents to Renew your policy.
- Pay the amount & Renew the Policy there.
- After renewal, Continue your policy & pay the Premiums.
Cholamandalam Insurance Premium Calculator
Premium is the Minimum Amount that you need to Pay to buy and also to Renew your Home Insurance Policy. You can calculate the Minimum Premium amount you need to pay to take the Cholamandalam General Home Insurance Policy By Using the Chola MS General Insurance Premium Calculator. The Amount of Premium Paid will Depends on your property, and also on any Extra Coverages. You need to enter the Information below to calculate your House Package Insurance Policy Premium.
Required Details to Calculate Premium of Home Insurance Plan
- Policy Number.
- House Number.
- Policyholder Name.
- Sum Assured.
- Mobile Number.
- Address proof.
- Date of Birth.