Cholamandalam MS General Insurance Company Limited or Cholamandalam MS GIC Ltd. or simply Chola MS is an insurance firm formed out of joint venture agreement between two stalwarts group. The Indian joint venture partner is the renowned INR 225 Billion Murugappa Group founded in 1900 whereas the foreign joint venture partner is Mitsui Sumitomo Japan’s largest INR 735 billion insurance company.
Cholamandalam MS GIC Ltd. offers a comprehensive range of general insurance products in its gamut of offers including travel insurance and has a wide presence throughout the country with around 105 branches and 9000 agents.
The Motto of the insurance firm is TTT, where T stands for transparency, trust and technology. With a clear vision, the company has been forging ahead to surpass parameters and has been awarded several times in prestigious awards ceremonies and by renowned groups for attaining excellence in several dimensions of the insurance sector.
In the year 2015-2016 the company recorded a GWP of INR 24.66 billion which was a 30 % increase over previous year’s GWP and a PBT of INR 2.13 billion.
Travelling is fraught with several risks, and people who succumb to such very many risks can well explain how distressing it can be! Travel risks cannot be eliminated but can very well be managed by being insured during travel. Taking into consideration the worries that tick away in the minds of travelers throughout the travel, Chola MS has brought out a comprehensive travel insurance plan for all types of travelers. Now travelers can put their minds at rest by subscribing Chola MS travel insurance policy for self and family members during travel and let Chola MS take care of the worries.
Under this travel insurance plan, the traveler can get cover for several risks during domestic travel, and these include cover related to:
Overseas travel is associated with certain different kinds of risks which need to be addressed differently from risks associated with domestic travel. For overseas travelers’ peace of mind Chola MS has crafted categorized insurance cover package based on overseas insurance research to suit the different insurance requirements
Students fall into a special category of overseas travelers and belonging to the young and inexperienced age group they are more susceptible to risks associated with travel, and some of these risks are peculiar to their category. Chola MS Student travel insurance cover takes into consideration all sorts of these generalities as well as peculiarities under this category of insurance. Besides the general cover features, the specific student travel cover features include:
This Plan is a group insurance plan tailor made for corporates who need to send their staff overseas frequently for professional and business trips. Besides the general features of travel covers, special features of corporate travel plan include:
These features are applicable for all the subcategories of the company’s travel insurance plans, and among them the salient features are:
Exclusions are exercised by Chola MS in cases when cover sought is not linked with normal travel risks, and these include:
Prior to choosing a travel insurance partner policy subscribers are concerned whether the insurer will stand true on its commitments. With Chola MS travel insurance plans travelers can be assured of having come to the right place as Chola MS:
While travelling travelers should keep all travel insurance details and documents besides other necessary documents handy on self for quick action during any emergency situation. The documents for accessing quick assistance of insurer in hours of emergency include:
It is recommended that insured should in advance make two neat sets of the above, one set of copies and one set of originals, as well as store important details and documents in accompanying mobile and electronic devices and then s/he is ready to take off.