Cholamandalam MS General Insurance
Indian assurance firm / From Wikipedia, the free encyclopedia
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Cholamandalam MS General Insurance Company Ltd (Chola MS) is an Indian insurance firm and a joint venture between the Murugappa Group, an Indian conglomerate, and the Mitsui Sumitomo Insurance Group, a Japanese insurance company.
Company type | Private |
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Industry | Financial services |
Founded | 2001 |
Headquarters | Chennai, Tamil Nadu, India |
Key people | Suryanarayanan V, MD[1] |
Products |
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Parent | Murugappa Group Mitsui Sumitomo Insurance Group |
Website | www |
The firm produces a range of insurance products, including motor, health, accident, engineering, liability, marine, property, travel and rural insurance for individuals and corporate insurance. The company achieved a Gross Written Premium of Rs. 13465 million in 2011 – 12. The company has 93 branches and over 6,000 agents across the country.[2]
The company's motto is 'T3' – 'Trust, Transparency and Technology'. Chola MS[3] was named the best insurance company in India for "In time Claims Settlement for the year 2011–12" in the Rashtriya Swasthya Bima Yojana scheme run by the Ministry of Labour & Employment, Government of India.[4] IndusInd Bank offers Insurance for individuals as well as corporate customers in association with Chola MS.[5]
The company has also been awarded "Financial Insights Innovation Award" for innovation in mobile enablement – Claims Survey Process at the Asian Insurance Congress held in Singapore in 2011.[6]