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Cholamandalam MS General Insurance Company Limited or Chola MS is a General Insurance company formed by a collaboration between two esteemed companies. The two companies are Cholamandalam, a part of the Murugappa group and Mitsui Sumitomo, a Japanese company.
The Murugappa Group is a well-recognized organization with as many as 28 different streams of business concerns. Its products range from bicycles to agricultural products. Mitsui Sumitomo is one of the biggest players in general insurance in Japan.
The company got its IRDA certification on 15th July, 2002, it has stayed afloat and made a name for itself in the Insurance sector.Currently, Cholamandalam MS General Insurance Company Ltd Chennai, Tamil Nadu is where it is headquartered and it has 105 branches and more than 9000 agents working all over the country.
The company has been awarded the Best Insurance Company for In Time Claims Settlement for 2011-2012 award by the Indian Government through its Rashtriya Swasthya Bima Yojana (RSBY) scheme.
Other awards include Health Insurer Claims Team for the year 2013 in the Claims Asia awards in 2013 and Innovation leader Award in 2017 from Fintelekt.
Its biggest recognition came in the form of Financial Insights Innovation Award that it achieved for mobile enablement- Claims Survey process through the Asian Insurance Congress at Singapore.
Chola MS runs on the three principles of Trust, Transparency and Technology.
Keeping in line with this principle, its aim is to be one of the most respected General Insurers in India to create value for its customers and shareholders.
The company is expected to be a 20,000 cr company by the end of 2020.
It has created and launched 10 different health insurance offerings in the last two years.
The company had a 25% improved growth before tax as per its annual report for the third financial quarter in 2016.
In little over two decades, the company has insured 8 million people.
Has a wide range of product offerings in different aspects of general insurance covering individual, corporate, and rural insurance
Chola offers travel, car, and health related insurance policies for individuals in this category.
Chola MS has a comprehensive car insurance package that includes round-the-clock assistance for car breakdown emergencies and accidents. It provides in-house damage cover for vehicles as well as third-party claims
Chola MS Travel Insurance Policies have an all-encompassing protection that entails all aspects of traveling. These situations could be baggage loss, flight delays, or personal illness.
Chola MS Personal Accident Claim has a unique feature that provides daily and weekly cash on hospitalization.
Under the corporate banner of insurances, Chola MS Health Insurance helps an organization to secure itself and its employees and their kith and kin’s with a gamut of different policies.
Health is wealth and Chola is at the helm of providing group health insurance covers for corporate entities. Under the health umbrella, it also covers accidental death and total permanent disability.
Fire related accidents are common to any industry hence, it is important to save your company from such untoward perils by getting a fire insurance from Chola MS
Chola MS has a special insurance for expanding companies. Building new infrastructures for operational functioning requires engineering employees to deal with electronic items, machinery, etc. Hence, it is important for companies to protect themselves from these kinds of damage.
Every business owns valuables that they don’t want to lose at any cost, whether it is a natural calamity of it involves burglary. Cholamandalam MS Property Crime Insurance offers protection from damage on property loss.
Chola MS Marine insurance is one of the oldest policies available with the group. Marine cargo has very high value and transportation is a tedious and worrisome task in this case.
Chola’s marine insurance policy makes sure that your cargo is safe throughout the sea journey until it reaches its destination.
Chola has tied up with certain clients to offer exclusive insurances for their customers.
This policy is dedicated for Central Bank of India customers. It encompasses protection for the customer and his or her entire family against hospitalization and a family floater on the insured sum
This policy is a wholesome insurance plan that covers hospitalization costs for families on the floating sum insured. It also provides accident cover on individual sum insured.
Cholamandalam MS has a wide spectrum of insurance policies to suit every need, individual or corporate. Even getting an insurance is hassle-free and is done in an instant. Through the cholamandalam insurance login one can access its many options. The Chola MS portal also has dedicated Chola MS General Insurance Customer Care number for Indian customers and customers who are living abroad. Let us take a look at its comprehensive plans for health insurance area.
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