 "Chola MD launches truck insurance")
Cholamandalam MS General Insurance Company on Tuesday announced the launch of ‘Chola Protect for Trucks’ with 11 add-on covers that offers total protection for the trucks.
This is one of the first value-added insurance products for truck owners in the country. The company also launched an ‘Emergency Road-Side Service’ for trucks.
The new package product, with wide range of add-on covers, aims to offer complete protection with unique features like 100% 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.
S S Gopalarathnam, Managing Director, Cholamandalam MS General Insurance, “This 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 cover with in-built 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) offers a bouquet of assistance services like towing of vehicle from the accident site, battery jump-start, gear lever setting, brake and clutch settings minor electrical work and many more.
This is one of the first value-added insurance products for truck owners in the country. The company also launched an ‘Emergency Road-Side Service’ for trucks.
The new package product, with wide range of add-on covers, aims to offer complete protection with unique features like 100% 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.
S S Gopalarathnam, Managing Director, Cholamandalam MS General Insurance, “This 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 cover with in-built 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) offers a bouquet of assistance services like towing of vehicle from the accident site, battery jump-start, gear lever setting, brake and clutch settings minor electrical work and many more.