Chennai:
Cholamandalam MS General Insurance Company Limited (Chola MS), a joint
venture between the INR 225 billion Murugappa Group and Mitsui Sumitomo
Insurance of Japan, has announced the launch of Chola Protect for Trucks with
11 add-on covers that offers total protection
for the trucks and complete peace of mind for the truck owners.
This is the first value added insurance product for truck
owners in the country. The company also launched India’s first ‘Emergency
Road-Side Service’ for trucks.
The new package product with wide range of add-on covers
offers complete protection with unique features like 100pc depreciation waiver,
reinstatement value in case of total loss, monetary compensation for loss of
key, driving license, registration certificate, permit, payment for road tax,
registration and insurance cost. All these features ensure maximum benefit to
the customers.
Speaking on the
occasion, Gopalarathnam, Managing Director, Cholamandalam MS General Insurance
Company Limited, said, “The customer wants an all encompassing, transparent
policy with an affordable premium that gives him a worry-free driving
experience.
He added, “Keeping this in mind, Chola has developed the
product with keen focus on customer needs. It is India’s first packaged
complete protection policy for trucks that offers maximum coverage and service
to the customer. Some of the covers like Reinstatement Value Basis (RVB) cover
with inbuilt depreciation benefit, payment for consumables, Franchise discount,
No claim bonus discount protection and
penalty coverages are unique to the Indian General Insurance market. This
product is a radical attempt to redefine the Motor Insurance industry.”
The company also launched India’s first ‘Emergency Road-Side
Services’ for trucks in tie-up with Mapfre Asistencia. CARE 24X7 (Chola
Assistance for Roadside Emergencies) offer a bouquet of assistance services
like towing of vehicle from the accident site, battery jumpstart, gear lever
setting, brake and clutch settings minor electrical work and many more.
Chola MS customers can call the 24X7 call centre using the
toll free numbers 1800-1035354/ 1800-2095354 to avail CARE service across all
National Highways in the country.
Chola Protect - Trucks will be available at an affordable
premium through 6000 agents, new and
used vehicle dealers and also through the direct sales force of Chola MS spread
through 92 branches across the country.
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