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Cholamandalam MS General Insurance Company Limited is basically a joint venture set up between the Murugappa group and Mitsi Sumitomo Insurance Company Limited. The latter is a subsidiary of the parent company, Mitsui Sumitomo, the leading Insurance Company based in Japan, the fifth largest insurance company of the world. Murugappa Group, the 3.8 billion USD conglomerate, is the leading business organization in India.
The insurance services offered by Cholamandalam MS consists of Health, Liability, Mishap, Manufacturing, Marine, Motor, Tour, Assets, Rural insurance for individuals, SMEs and Corporate sectors.
With rapid accelerated progress in development, Chola MS has achieved the accolade of the fastest growing company in the general insurance domain. With more than Rs. 960 crore as the gross written premium in the assessment year 2010 -2011, Chola MS is all set to achieve pinnacles of success in the near future. With a growth rate of twenty three percent almost every year, there exists no doubt on the above said proposition. With a wide network of more than ninety braches all over India, Chola MS is expanding fast.
With the team of dedicated, experienced and professional employees, Chola MS provides services with keeps on increasing its customer base every day. It provides integrated services and smooth transactions which facilitates work processes. Its tie ups with global insurers, rapid claim settlements and cash free health insurance settlements goes a long way in fastening its operational processes.
With an experience and expertise in diverse domains, Chola MS is all set and ready to provide customer services with international standards, viz. centralized policy-issuance, CRM cell renewal management etc. Chola’s toll fee help line number is available to all individuals 24x7, round the clock, round the year services. With the easy to understand and user friendly website, Chola MS caters to all general insurance requirements of the individuals and corporate sectors.
Being the first private insurance company in the Indian country, with an ISO 9001 -2008 certification in the Motor Claims division, Chola MS still has a long way to go.
With the exclusive and competent insurance services, pioneering risk management consultancy to its customer base, Chola MS provides Total Risk Management services in the domain of risk identification and assessment. It also provides consultancy services in signifying and suggesting risk controlling and alleviating measures along with the insurance support services. After winning the impressive ‘Risk Manager of the year 2010’ award, at the eleventh Asian Insurance Awards ceremony, Chola MS no wonder has a long way to go!