{"uin":"IRDAN123RPMT0141V01202425","name":"Chola LT Two Wheeler Package Policy for Five Years","url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425","insurer":{"slug":"cholamandalam-ms-general-insurance","name":"Cholamandalam MS General Insurance Company Limited","url":"https://indiainsurances.com/insurer/cholamandalam-ms-general-insurance"},"line":"general","category":"motor-two-wheeler","category_name":"Two-wheeler insurance","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"This is a comprehensive long-term two-wheeler package policy covering own damage, third-party liability and compulsory personal accident cover for the owner-driver. Own damage and third-party cover run for 5 years, the sum insured is the IDV and cover is available in India unless extended by endorsement.","analysis":{"state":"machine","analysed_at":"2026-10-20 02:54:23.06222+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":"The documents do not name separate plans inside this product.","quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"Own Damage and Third Party cover are for 5 years; Compulsory Personal Accident cover may be for 1/2/3/4/5 years.","display":"OD 5 years; TP 5 years; CPA 1/2/3/4/5 years","note":null,"quote":"Section II –\nSection I – OD | 5 years | 5 years | Section III – CPA 1/2/3/4/5 years\nTP","sources":[{"clause":"6","heading":"What is the period of Insurance under the policy?","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4652#c-6"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Notice must be given in writing to the Company immediately upon any accidental loss or damage and in the event of any claim. Theft or criminal act must also be notified immediately to the police.","display":"Immediately in writing; theft/criminal act also immediately to police","note":null,"quote":"Notice shall be given in writing to the Company immediately upon the occurrence of any accidental loss or damage and in the event of any claim and thereafter the insured shall give all such information and assistance as the Company shall require. ... In case of theft or criminal act which may be the subject of a claim under this policy the insured shall give immediate notice to the police","sources":[{"clause":null,"heading":"CONDITIONS","page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-conditions"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Claim Form detailing the damage of the insured vehicle","Driving license","Registration certificate","Fitness","FIR","Un traced report in case of theft","Fire brigade report","Post Mortem Report","Books of accounts","Repair / replacement bill","Any other document that are directly related to the claim settlement"],"display":"Claim form, driving license, registration certificate, fitness, FIR, theft untraced report, fire brigade report, post mortem report, books of accounts, repair/replacement bill and any other directly related document","note":null,"quote":"Claim documents to be submitted by the insured for claims processing following a loss: -\n1. Claim Form detailing the damage of the insured vehicle\n2. Driving license\n3. Registration certificate\n4. Fitness\n5. FIR\n6. Un traced report in case of theft\n7. Fire brigade report\n8. Post Mortem Report\n9. Books of accounts\n10. Repair / replacement bill\n11. Any other document that are directly related to the claim settlement","sources":[{"clause":"13","heading":"What is the Claims procedure?","page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4652#c-13"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":"The claims procedure describes intimation, survey, cashless and reimbursement processing, but does not promise a claim decision or payment time.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages","damage to Tyres and Tubes unless the vehicle insured is damaged at the same time","loss of or damage to accessories by burglary housebreaking or theft unless the vehicle is stolen at the same time","under the influence of intoxicating liquor or drugs","outside the geographical area","any claim arising out of any contractual liability","Being used otherwise than in accordance with the `Limitations as to Use’","being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver","ionising radiations or contamination by radioactivity","nuclear weapons material","war, invasion, the act of foreign enemies, hostilities or war like operations"],"display":"Consequential loss/wear and tear/breakdown; tyres and tubes; accessories theft unless vehicle stolen; drunk or drugged driving; outside geographical area; contractual liability; wrong use; unauthorised driver; nuclear/radioactivity; nuclear weapons; war and warlike operations","note":null,"quote":"a) consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages;\nb) damage to Tyres and Tubes unless the vehicle insured is damaged at the same time in which case the liability of the company shall be limited to 50% of the cost of replacement.\nc) loss of or damage to accessories by burglary housebreaking or theft unless the vehicle is stolen at the same time and\nd) any accidental loss or damage suffered whilst the insured or any person driving the vehicle with the knowledge and consent of the insured is under the influence of intoxicating liquor or drugs. ... Any accidental loss damage and/or liability caused, sustained or incurred outside the geographical area; (2) Any claim arising out of any contractual liability; ... a) Being used otherwise than in accordance with the `Limitations as to Use’ or ... being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as stated in the Driver’s Clause. ... ionising radiations or contamination by radioactivity ... nuclear weapons material ... war, invasion, the act of foreign enemies, hostilities or war like operations","sources":[{"clause":null,"heading":"Policy Wording","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-policy-wording-2"},{"clause":null,"heading":"GENERAL EXCEPTIONS","page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-general-exceptions"},{"clause":"4(a)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-a-2"},{"clause":"4(b)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-b-2"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First send the grievance to the insurer's Grievance Redressal Officer by post, email or toll-free call, or approach the grievance cell at a branch. If not satisfied, contact the grievance officer at GRO@cholams.murugappa.com before escalating to IRDAI or the Ombudsman.","display":"First to Chola MS Grievance Redressal Officer/customer care or branch grievance cell; then GRO@cholams.murugappa.com","note":null,"quote":"You can send Your grievance in writing by post or email to Our Grievance Redressal Officer at the following address or call our Toll Free @1800 208 5544 or Email to customercare@cholams.murugappa.com. ... You may also approach the grievance cell at any of the company’s branches with the details of grievance. If you are not satisfied with the redressal of grievance through one of the above methods, you may contact the grievance officer at GRO@cholams.murugappa.com.","sources":[{"clause":null,"heading":"1. Our Grievance Redressal Officer","page":23,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-1-our-grievance-redressal-officer"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["fire explosion, self-ignition or lightning","burglary, housebreaking or theft","riot and strike","earthquake (fire and shock damage)","flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost","accidental external means","malicious act","terrorist activity","whilst in transit by road, rail, inland waterway lift, elevator or air","landslide, rockslide"],"display":"Fire/explosion/self-ignition/lightning; burglary/housebreaking/theft; riot and strike; earthquake; flood and storm perils; accidental external means; malicious act; terrorist activity; transit; landslide/rockslide","note":null,"quote":"The Company will indemnify the insured against loss or damage to the vehicle insured hereunder and/or its accessories whilst thereon:\ni) by fire explosion, self-ignition or lightning;\nii) by burglary, housebreaking or theft;\niii) by riot and strike;\niv) by earthquake (fire and shock damage);\nv) by flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost;\nvi) by accidental external means;\nvii) by malicious act;\nviii) by terrorist activity;\nix) whilst in transit by road, rail, inland waterway lift, elevator or air;\nx) by landslide, rockslide","sources":[{"clause":"Section I","heading":"LOSS OF OR DAMAGE TO THE VEHICLE NSURED","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-section-i"}],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"quote-verified","value":"You may cancel the policy at any time by informing the Company. If no claim has been made, the insurer refunds proportionate premium for the unexpired policy year and refunds entirely the remaining full policy years whose risk coverage has not commenced; the Motor Third Party Liability section cannot be cancelled except for double insurance or total loss.","display":"Proportionate refund for the unexpired policy year if no claim; full refund for remaining full policy years not commenced; TP cannot be cancelled except double insurance or total loss","note":null,"quote":"The policy may be cancelled at any time by the insured for any reason by informing the Company. ... Refund proportionate premium for unexpired policy year in which cancellation happens, provided there is no claim (s) made during the policy period. For the remaining full policy years where the risk coverage has not commenced, premium will be refunded entirely. ... However under no circumstances, the company can cancel the Motor Third Party Liability Section can be cancelled except in case of double insurance or Total Loss of the insured vehicle.","sources":[{"clause":"4(b)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-b-3"},{"clause":"4(b)(i)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-b-i"},{"clause":"4(b)(ii)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-b-ii"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"quote-verified","value":"The cover is available for loss or damage happening only in India. On payment of additional premium it can be extended by endorsement to Bangladesh, Bhutan, Nepal, Pakistan, Sri Lanka and Maldives.","display":"India only; can be extended to Bangladesh, Bhutan, Nepal, Pakistan, Sri Lanka and Maldives","note":"The policy wording excludes losses outside the geographical area but does not define it; this answer is from the prospectus.","quote":"The cover is available for any loss or damage of vehicle insured happening only in India. However, on payment of additional premium the policy can be extended to cover the following Countries by way of Endorsements:\na) Bangladesh b) Bhutan c) Nepal d) Pakistan e) Sri Lanka f) Maldives","sources":[{"clause":"9","heading":"Is the cover available on worldwide basis?","page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4652#c-9"}],"law":[]},{"key":"cover_types","label":"Cover types","section":"Cover","meaning":"Comprehensive, standalone own damage, third-party only.","status":"quote-verified","value":["comprehensive policy"],"display":"Comprehensive policy covering Third Party liability and Own Damage Cover","note":null,"quote":"This is a comprehensive policy which covers both ‘Third Party liability (Act Only Cover)’ and ‘Own Damage Cover’.","sources":[{"clause":"3","heading":"What is the coverage under Chola long term Private Car package policy?","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4652#c-3"}],"law":[]},{"key":"third_party","label":"Third-party liability","section":"Cover","meaning":"Compulsory cover for injury, death or property damage to others. Unlimited for death and injury.","status":"quote-verified","value":"The policy covers legal liability for death or bodily injury to persons and damage to third-party property. The prospectus states property liability is up to Rs 7, 50, 000 and personal liability is as per the Motor Vehicles Act.","display":"Covers death/bodily injury and property damage to third parties; property damage up to Rs 7, 50, 000","note":"The policy wording says third-party limits are as laid down in the schedule; the Rs 7, 50, 000 property limit is from the prospectus.","quote":"the Company will indemnify the insured in the event of an accident caused by or arising out of the use of the insured vehicle against all sums which the insured shall become legally liable to pay in respect of ... death of or bodily injury to any person including occupants carried in the insured vehicle ... damage to property other than property belonging to the insured or held in trust or in the custody or control of the insured. ... Property Liability: In the event of your vehicle causing ‘Third Party’ property damage, Chola MS will offer compensation up to Rs 7, 50, 000.","sources":[{"clause":"1","heading":null,"page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-1"},{"clause":"1(i)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-1-i"},{"clause":"1(ii)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-1-ii"},{"clause":"Section I","heading":"Own Damage (OD) cover","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4652#c-section-i"}],"law":[{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch V, I, Paras 1 to 4","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch V, I, Para 7","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 146","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 147","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 150","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 157","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 164","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 161","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 166(3)","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 162","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"idv","label":"Insured declared value (IDV)","section":"Cover","meaning":"The vehicle's insured value: maximum paid for theft or total loss.","status":"quote-verified","value":"The vehicle's Insured’s Declared Value is deemed to be the sum insured and is fixed at commencement of each policy period based on the manufacturer's listed selling price of the brand and model, adjusted for depreciation. For Total Loss or Constructive Total Loss, IDV is treated as Market Value throughout the policy period without further depreciation.","display":"IDV is the sum insured, based on manufacturer’s listed selling price less age-wise depreciation; Market Value for TL/CTL","note":null,"quote":"The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the `SUM INSURED’ for the purpose of this policy which is fixed at the commencement of each policy period for the insured vehicle.\nThe IDV of the vehicle (and side car/accessories, if any, fitted to the vehicle) is to be fixed on the basis of the manufacturer’s listed selling price of the brand and model as the insured vehicle at the commencement of insurance/renewal and adjusted for depreciation ... IDV shall be treated as the `Market Value’ throughout the policy period without any further depreciation for the purpose of Total Loss (TL)/Constructive Total Loss (CTL) claims.","sources":[{"clause":null,"heading":"SUM INSURED – INSURED’S DECLARED VALUE (IDV)","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-sum-insured-insureds-declared-value-idv"},{"clause":null,"heading":"THE SCHEDULE OF DEPRECIATION FOR FIXING IDV OF THE VHEICLE","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-the-schedule-of-depreciation-for-fixing-idv-of-t"}],"law":[]},{"key":"depreciation","label":"Depreciation on parts","section":"Limits and co-pay","meaning":"How much of the cost of replaced parts you bear because of age (unless you have zero depreciation).","status":"quote-verified","value":"For replaced parts, rubber/nylon/plastic parts, tyres, tubes and batteries are depreciated 50%, fibre glass components 30% and glass Nil. Other parts including wooden parts are depreciated by vehicle age from Nil up to 35% for vehicles exceeding 4 years but not exceeding 5 years; painting depreciation is 50% on material cost only.","display":"Parts: rubber/nylon/plastic, tyres, tubes and batteries 50%; fibre glass 30%; glass Nil; other parts age-wise Nil to 35% up to 5 years; painting 50% on material cost","note":null,"quote":"Subject to a deduction for depreciation at the rates mentioned below in respect of parts replaced:\n1. For all rubber/nylon/plastic parts, tyres, tubes and batteries - | 50%\n2. For fibre glass components | - | 30%\n3. For all parts made of glass | - | Nil ... AGE OF VEHICLE | % OF DEPRECIATION\nNot exceeding 6 months | Nil\nExceeding 6 months but not exceeding 1 year | 5%\nExceeding 1 year but not exceeding 2 years | 10%\nExceeding 2 years but not exceeding 3 years | 15%\nExceeding 3 years but not exceeding 4 years | 25%\nExceeding 4 years but not exceeding 5 years | 35% ... In the case of painting, the depreciation rate of 50% shall be applied only on the material cost of total painting charges.","sources":[{"clause":"Section I","heading":"LOSS OF OR DAMAGE TO THE VEHICLE NSURED","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-section-i"},{"clause":"4","heading":null,"page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4"},{"clause":"5","heading":"Rate of Depreciation for Painting","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-5"}],"law":[]},{"key":"ncb","label":"No-claim bonus","section":"Cover","meaning":"Discount on own-damage premium for claim-free years (20% to 50%).","status":"quote-verified","value":"No Claim Bonus can be earned only in the Own Damage section. For claim-free preceding insurance years, the discount on Own Damage premium is 20%, 25%, 35%, 45% or 50% for 1, 2, 3, 4 or 5 consecutive years respectively, and it is allowed only if renewed within 90 days of expiry.","display":"OD premium discount 20% to 50% for 1 to 5 claim-free years; renewal within 90 days","note":"For the long-term policy, the wording also states that NCB on expiry depends on the option exercised by the insured and the number of OD claims during the long-term policy.","quote":"No Claim Bonus (NCB) can be earned only in the Own Damage section of the Policy\nNo Claim Bonus, wherever applicable, will be as per the following table:\nClaims position on Section I (Loss of or Damage to the Vehicle Insured) | % of discount on Own\nClaims position on Section I (Loss of or Damage to the Vehicle Insured) | Damage premium (Section-\nI)\nNo claim made or pending during the preceding full year of insurance | 20%\nNo claim made or pending during the preceding 2 consecutive years of insurance | 25%\nNo claim made or pending during the preceding 3 consecutive years of insurance | 35%\nNo claim made or pending during the preceding 4 consecutive years of insurance | 45%\nNo claim made or pending during the preceding 5 consecutive years of insurance | 50% ... No Claim Bonus will only be allowed provided the Policy is renewed within 90 days of the expiry date of the previous policy.","sources":[{"clause":null,"heading":"NO CLAIM BONUS","page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-no-claim-bonus"},{"clause":null,"heading":"Policy Wording","page":9,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-policy-wording-9"}],"law":[]},{"key":"compulsory_deductible","label":"Compulsory deductible","section":"Limits and co-pay","meaning":"Fixed amount you pay on every own-damage claim.","status":"not-stated","value":null,"display":null,"note":"The wording says the Section I deductible is stated in the schedule and the IMT 22 amount is to be inserted as appropriate, but the actual compulsory deductible amount is not printed in the provided documents.","quote":null,"sources":[],"law":[]},{"key":"deductible","label":"Voluntary deductible","section":"Limits and co-pay","meaning":"An extra amount per claim you choose to bear for a lower premium.","status":"quote-verified","value":"A voluntary deductible is available if opted by the insured; the insured bears the first amount inserted in the endorsement for each event.","display":"Optional voluntary deductible of Rs. ....; insured bears first Rs. ..... per event","note":"The wording states the option but does not print the rupee amounts; they are to be inserted as per the tariff.","quote":"It is hereby declared and agreed that the insured having opted a voluntary deductible of Rs. ....* a reduction in premium of Rs. .....** under section 1 of the policy is hereby allowed.\nIn consideration of the above, it is hereby understood and agreed that the insured shall bear under section 1 of the policy in respect of each and every event (including event giving rise to a total loss/ constructive total loss) the first Rs. .....***","sources":[{"clause":null,"heading":"IMT.22A. VOLUNTARY DEDUCTIBLE","page":17,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-imt-22a-voluntary-deductible"}],"law":[]},{"key":"pa_owner_driver","label":"Personal accident cover for owner-driver","section":"Cover","meaning":"Compulsory PA cover for the owner-driver.","status":"quote-verified","value":"Compulsory Personal Accident cover for the owner-driver pays compensation for accidental death or bodily injury connected with the insured vehicle: 100% for death, loss of two limbs/two eyes/one limb and one eye, or permanent total disablement; 50% for loss of one limb or one eye. The aggregate liability is Rs. 15 lakhs, subject to the owner-driver being the registered owner, named insured and holding an effective driving license.","display":"Owner-driver PA up to Rs. 15 lakhs; 100% for death/PTD/two limbs or eyes, 50% for one limb or eye","note":null,"quote":"The Company undertakes to pay compensation as per the following scale for bodily injury/ death sustained by the owner-driver of the vehicle ... Nature of injury | Scale of compensation\n(i) Death | 100%\n(ii) Loss of two limbs or sight of two eyes or one limb and sight of one eye | 100%\n(iii) Loss of one limb or sight of one eye | 50%\n(iv) Permanent total disablement from injuries other than named above | 100% ... the total liability of the insurer shall not in the aggregate exceed the sum of Rs. 15 lakhs ... a) the owner-driver is the registered owner of the vehicle insured herein; ... b) the owner-driver is the insured named in this policy. ... c) the owner-driver holds an effective driving license","sources":[{"clause":"Section III","heading":"COMPUSLORY PERSONAL ACCIDENT COVER FOR OWNER-DRIVER","page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-section-iii"},{"clause":"4(a)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-a"},{"clause":"4(b)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-b"},{"clause":"4(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-c"}],"law":[{"title":"Enhancement of Capital Sum Insured in Compulsory Personal Accident Cover for Owner-Driver under Motor Insurance Policies","section":"Para 4(i) to (iii)","url":"https://indiainsurances.com/law/irdai-motor-cpa-2018"},{"title":"Compulsory Personal Accident Insurance for Owner-Driver under Motor Insurance","section":"Paras 1 and 2","url":"https://indiainsurances.com/law/irdai-motor-cpa-choice-2018"},{"title":"Cover for Compulsory Personal Accident (CPA) for Owner-Driver under Motor Insurance Policies","section":"Para 3","url":"https://indiainsurances.com/law/irdai-motor-cpa-standalone-2018"},{"title":"Cover for Compulsory Personal Accident (CPA) for Owner-Driver under Motor Insurance Policies","section":"Para 4(iv) to (viii)","url":"https://indiainsurances.com/law/irdai-motor-cpa-standalone-2018"}]},{"key":"addons","label":"Add-ons offered","section":"Cover","meaning":"Zero depreciation, engine protect, return to invoice, roadside assistance, consumables...","status":"quote-verified","value":["Full Depreciation Waiver Cover","Consumables Plus","Hydrostatic Lock Cover","Return to Invoice Cover","Daily Cash Allowance Cover","Helmet Cover","Chola Value Added Services","Tyre Protect","Rim Protect"],"display":"Full Depreciation Waiver, Consumables Plus, Hydrostatic Lock, Return to Invoice, Daily Cash Allowance, Helmet, Chola Value Added Services, Tyre Protect and Rim Protect","note":"These are add-on covers available on payment of additional premium and are not base cover benefits.","quote":"1 Full Depreciation Waiver Cover UIN: IRDAN123RPMT0141V01202425/A0142V01202425 ... 2 Consumables Plus UIN: IRDAN123RPMT0141V01202425/A0143V01202425 ... 3 Hydrostatic Lock Cover UIN: IRDAN123RPMT0141V01202425/A0144V01202425 ... 4 Return to Invoice Cover UIN: IRDAN123RPMT0141V01202425/A0145V01202425 ... 5 Daily Cash Allowance Cover UIN: IRDAN123RPMT0141V01202425/A0146V01202425 ... 6 Helmet Cover UIN: IRDAN123RPMT0141V01202425/A0147V01202425 ... 7 Chola Value Added Services UIN: IRDAN123RPMT0141V01202425/A0148V01202425 ... 8 Tyre Protect ... 9 Rim Protect UIN: IRDAN123RPMT0141V01202425/A0150V01202425","sources":[{"clause":"1","heading":"Full Depreciation Waiver Cover UIN: IRDAN123RPMT0141V01202425/A0142V01202425","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571#c-1"},{"clause":"2","heading":"Consumables Plus UIN: IRDAN123RPMT0141V01202425/A0143V01202425","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571#c-2"},{"clause":"3","heading":"Hydrostatic Lock Cover UIN: IRDAN123RPMT0141V01202425/A0144V01202425","page":1,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571#c-3"},{"clause":"4","heading":"Return to Invoice Cover UIN: IRDAN123RPMT0141V01202425/A0145V01202425","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571#c-4"},{"clause":"5","heading":"Daily Cash Allowance Cover UIN: IRDAN123RPMT0141V01202425/A0146V01202425","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571#c-5"},{"clause":"6","heading":"Helmet Cover UIN: IRDAN123RPMT0141V01202425/A0147V01202425","page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571#c-6"},{"clause":"7","heading":"Chola Value Added Services UIN: IRDAN123RPMT0141V01202425/A0148V01202425","page":3,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571#c-7"},{"clause":"8","heading":"Tyre Protect","page":7,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571#c-8"},{"clause":"9","heading":"Rim Protect UIN: IRDAN123RPMT0141V01202425/A0150V01202425","page":9,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571#c-9"}],"law":[]},{"key":"cashless_garages","label":"Cashless garages","section":"Claims","meaning":"Whether repairs can be cashless at network garages.","status":"quote-verified","value":"Cashless repair is available at network garages tied up with Chola MS PAN India. The insured need not pay the repair amount there, but must bear applicable depreciation, repair of non-accident related portions and compulsory deductible.","display":"Yes, at Chola MS network garages PAN India; depreciation, non-accident repairs and compulsory deductible are borne by the insured","note":null,"quote":"If the vehicle is repaired at the network garages with whom Chola MS had tied up PAN India, the insured need not pay the amount for repairs. However, depreciation, repair of non-accident related portion and Compulsory deductible as applicable needs to be borne by the insured. ... The insurance claim amount will be paid by Chola MS directly to the network garage.","sources":[{"clause":null,"heading":"Cashless processing and settlement","page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4652#c-cashless-processing-and-settlement"}],"law":[]},{"key":"motor_exclusions","label":"Main motor exclusions","section":"Exclusions","meaning":"No valid licence, drunk driving, use outside the permitted purpose, wear and tear...","status":"quote-verified","value":["outside the geographical area","any claim arising out of any contractual liability","Being used otherwise than in accordance with the `Limitations as to Use’","being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver","under the influence of intoxicating liquor or drugs","consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages","damage to Tyres and Tubes unless the vehicle insured is damaged at the same time","loss of or damage to accessories by burglary housebreaking or theft unless the vehicle is stolen at the same time","ionising radiations or contamination by radioactivity","nuclear weapons material","war, invasion, the act of foreign enemies, hostilities or war like operations"],"display":"No cover outside geographical area, contractual liability, non-permitted use, unauthorised driver, drunk/drugged driving, wear and tear/breakdown, tyres/tubes unless vehicle damaged, accessories theft unless vehicle stolen, nuclear/radioactivity, nuclear weapons or war","note":null,"quote":"The Company shall not be liable in respect of\n(1) Any accidental loss damage and/or liability caused, sustained or incurred outside the geographical area; (2) Any claim arising out of any contractual liability; ... a) Being used otherwise than in accordance with the `Limitations as to Use’ or ... being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as stated in the Driver’s Clause. ... d) any accidental loss or damage suffered whilst the insured or any person driving the vehicle with the knowledge and consent of the insured is under the influence of intoxicating liquor or drugs. ... a) consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages;\nb) damage to Tyres and Tubes unless the vehicle insured is damaged at the same time ... c) loss of or damage to accessories by burglary housebreaking or theft unless the vehicle is stolen at the same time ... ionising radiations or contamination by radioactivity ... nuclear weapons material ... war, invasion, the act of foreign enemies, hostilities or war like operations","sources":[{"clause":null,"heading":"GENERAL EXCEPTIONS","page":4,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-general-exceptions"},{"clause":"4(a)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-a-2"},{"clause":"4(b)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-4-b-2"},{"clause":null,"heading":"Policy Wording","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-policy-wording-2"}],"law":[]},{"key":"sum_insured_basis","label":"Sum insured basis","section":"Cover","meaning":"How the cover amount is set: market value, reinstatement value, agreed value, IDV.","status":"quote-verified","value":"The cover amount for the vehicle is on IDV basis. IDV is fixed at commencement of each policy period from the manufacturer's listed selling price of the brand and model, adjusted for depreciation, and is treated as Market Value for Total Loss or Constructive Total Loss claims.","display":"IDV basis, fixed from manufacturer’s listed selling price adjusted for depreciation; Market Value for TL/CTL","note":null,"quote":"The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the `SUM INSURED’ for the purpose of this policy which is fixed at the commencement of each policy period for the insured vehicle.\nThe IDV of the vehicle (and side car/accessories, if any, fitted to the vehicle) is to be fixed on the basis of the manufacturer’s listed selling price of the brand and model as the insured vehicle at the commencement of insurance/renewal and adjusted for depreciation ... IDV shall be treated as the `Market Value’ throughout the policy period without any further depreciation for the purpose of Total Loss (TL)/Constructive Total Loss (CTL) claims.","sources":[{"clause":null,"heading":"SUM INSURED – INSURED’S DECLARED VALUE (IDV)","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-sum-insured-insureds-declared-value-idv"},{"clause":null,"heading":"THE SCHEDULE OF DEPRECIATION FOR FIXING IDV OF THE VHEICLE","page":2,"url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521#c-the-schedule-of-depreciation-for-fixing-idv-of-t"}],"law":[]}],"documents":[{"kind":"wording","label":"IRDAN123RPMT0141V01202425 - Chola LT Two Wheeler Package Policy for Five Years-Main product.pdf","pages":25,"fetched_at":"2026-10-17 19:30:46+00","source_url":"https://www.cholainsurance.com/documents/20121/o/IRDAN123RPMT0141V01202425%20-%20Chola%20LT%20Two%20Wheeler%20Package%20Policy%20for%20Five%20Years-Main%20product.pdf/afc229ff-0d01-084f-86c5-eca26f0cea4b","url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4521"},{"kind":"prospectus","label":"Prospectus-Chola Long Term Two Wheeler Package Policy for five years.pdf","pages":7,"fetched_at":"2026-10-17 19:34:45+00","source_url":"https://www.cholainsurance.com/documents/20121/o/Prospectus-Chola%20Long%20Term%20Two%20Wheeler%20Package%20Policy%20for%20five%20years.pdf/d9d3b7b7-d1c6-a75b-51f6-8c3d77302faa","url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4652"},{"kind":"rider","label":"IRDAN123RPMT0141V01202425_A0142V01202425_Chola LT Two Wheeler Package Policy for five years-Add-on wordings.pdf","pages":10,"fetched_at":"2026-10-17 19:32:26+00","source_url":"https://www.cholainsurance.com/documents/20121/o/IRDAN123RPMT0141V01202425_A0142V01202425_Chola%20LT%20Two%20Wheeler%20Package%20Policy%20for%20five%20years-Add-on%20wordings.pdf/390710af-7b62-1f72-be17-4ab5b3f3aef3","url":"https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425/document/4571"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Cholamandalam MS General Insurance official website","url":"https://www.cholainsurance.com","note":"Website as listed by IRDAI. Not checked: the site returned HTTP 502 to our crawler on 2026-10-19."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Chola LT Two Wheeler Package Policy for Five Years (UIN IRDAN123RPMT0141V01202425), IndiaInsurances, https://indiainsurances.com/policy/cholamandalam-ms-general-insurance/chola-lt-two-wheeler-package-policy-for-five-years-irdan123rpmt0141v01202425"}