Personal Banking

A one-of-its-kind all-inclusive policy, which covers your financial loss to the maximum

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Chola Protect 360° is a one-of-its-kind all-inclusive Private Car Insurance Package Policy, which covers your financial loss to the maximum, and makes sure that every situation is under control.

Key Features:

  • Total financial coverage e.g., Reinstatement value/zero depreciation.
  • Car emergency assistance e.g., Fuel delivery/battery jump start.
  • Car breakdown assistance e.g., Flat tyre/on-site repair e.g., fuel delivery battery top up.
  • Post accident assistance e.g., Daily allowance/towing service.

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Features & Benefits


CARE for Road Emergencies*
We will assist you at every point, whether it is car emergency assistance like fuel delivery/ battery top up or car breakdown assistance like flat tyre/on-site repair, CARE will be with you always. CARE is just a call away: 1800-103-5354/1800-209-5354.

Depreciation waiver on vehicle parts*
Waiver will depend on the age of the vehicle as per the plan opted.

Reinstatement value to ensure maximum claim benefit- Full car investment security*
Your car is insured on “Reinstatement Value Basis”, i.e. the original invoice value. In case of total loss/construction total loss (75% damage to the car) of car, you will be compensated on the basis of vehicle invoice value*. The depreciation on replaced parts in case of accident /partial loss will be zero.
*Excluding vehicle registration charges and road tax.

Daily Allowance*
Fixed allowance of Rs.500-/ or Rs.1000-/ to meet the cost of hiring a car (maximum of 5 days per policy period) while your insured car is under repair at the garage due to accident.

Cover for Personal Luggage Loss*
We will reimburse market value of personal luggage for the loss or damage caused by fire or accident provided the luggage were inside the locked car during the mishap.

Cover for Car Key loss*
A fixed amount will be reimbursed towards duplicate ignition key replacement, if the original is lost.

Cover for Driving License Loss*
You will get a fixed amount to obtain a duplicate license, if your original driving license is lost.
* Benefits as per plan chosen. Conditions apply.

Chola Advantage

Dedicated call centre for receiving your claim intimation.
Cashless claim settlement at over 400 Chola preferred garages.
Less paperwork.
Smooth and hassle-free claim process.

What is covered?

Own Damage (OD) Cover:
Cover against loss and damage to you vehicle due to any of the following perils: Fire, explosion, self-ignition or lighting. burglary, housebreaking or theft. riot and strike. earthquake (fire and shock damage). flood, typhoon , hurricane, storm and tempest. inundation, cyclone, hailstorm, frost. malicious Act. terrorist activity. landslide, rockslide. whilst in transit by road, rail, inland waterway, lift, elevator or air. accidental external means.

Third Party Personal Liability Cover as per court awards as your liability to the third party due to accidental death or injuries caused by your vehicle will be met by us.

Third Party Property Damage Compensation up to INR 7,50,000 in case of private cars.

Personal Accident Cover
The owner - driver (compulsory): Cover of INR.2,00,000.Unnamed passengers including spouse, children, parents, etc., INR10,000 to a maximum of INR 2,00,000 (in multiples of 10,000).

Discounts available under basic comprehensive coverage

  • Discount for Anti Theft Devices fitted in vehicle, approved from Automobile Research Association of India (ARAI)
  • Automobile Association Membership Discount
  • Voluntary Claim Excess/Deductible Discount: If you opt for higher deductable for each claim over and above the compulsory deductable an OD premium discount will be given, depending on the option exercised
  • No Claim Bonus (NCB): If you do not lodge any claim in the full policy period of one year the you are eligible for NCB on policy renewal
  • Accidental loss or damage suffered while driving under the influence of intoxicating liquor or drug
  • Accidental loss or damage caused due to willful negligence
  • Loss or liability while the vehicle is used outside the scope of limitations of use and/or being driven by a person not duly licensed
  • Consequential loss, depreciation, wear and tear, mechanical and electrical breakdown/failure of breakages
  • Loss due to radioactivity or nuclear weapons
  • Loss due to war and related activities

Insurance is the subject matter of solicitation. This policy is underwritten by Cholamandalam MS General Insurance Company Ltd. (Chola MS), whose registered office is at 2nd Floor, "Dare House", No.2, NSC Bose Road, Chennai – 600 001. This information is given by IndusInd Bank, India (Licence no:DCL 1749817), whose registered office is at 2401, Thimmayya Road, Pune – 410 301 and which is a corporate agent of Chola MS. IndusInd Bank does not accept any responsibility for Chola MS's actions or decisions. Conditions Apply. Please refer to the policy contract for details

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