Chola MS launches insurance product for truck owners

Special Correspondent
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S. S. Gopalarathnam
S. S. Gopalarathnam

Cholamandalam MS General Insurance Company Limited (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance of Japan, has launched ‘Chola Protect’ for trucks with 11 add-on covers.

This is the first value-added insurance product for truck owners, claims a company release. The company has also launched ‘emergency road-side service’ for trucks.

The new package product, with wide range of add-on covers, offers complete protection with features such as 100 per cent depreciation waiver, reinstatement value in case of total loss, monetary compensation for loss of key, driving licence, registration certificate, permit, payment for road tax, registration and insurance cost.

“It is India’s first packaged complete protection policy for trucks that offers maximum coverage and service to the customer,” S. S. Gopalarathnam, Managing Director, Cholamandalam MS General Insurance, said in a release.

The ‘emergency road-side services’ for trucks is launched in tie-up with Mapfre Asistencia. CARE 24X7 (Chola Assistance for Roadside Emergencies) offer a bouquet of assistance services.



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