Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between the USD 3 billion Murugappa Group, one of India┐s leading business conglomerates and Mitsui Sumitomo Insurance Company Limited, which is part of the Mitsui Sumitomo Insurance Group of Japan, the largest General Insurance Company in Japan and 5th largest insurance group globally.
Chola MS offers a wide range of products that include Accident, Engineering, Health, Liability and Marine, Motor, Property, Travel and Rural insurance for individuals, SME┐s and the corporate sector.
We have achieved Rs. 785 crores Gross Written Premium (GWP) mark for 2009-10. Having posted a remarkable growth of 15% year-on-year, we have been one of the fastest growing General Insurance companies for the previous many quarters. We have a network of 108 branches across the country.
We offer well-integrated operational capabilities to ensure the smooth performance of delivery like strong underwriting, tie-ups with global reinsurers, fast-track claims settlement and cash-free settlement for Health Insurance. With exposure to various industry sectors and services, Chola MS is fully equipped to provide world class customer service such as centralized policy issuance, renewal management through CRM Cell. A toll free helpline number accessible 24 X 7 X 365, and a completely interactive and user-friendly website which makes Chola SM accessible from anywhere in the world.
More than Rs. 500 Crore ( or More than US$ 100 Mn Approx.)
Posted on: [03-DEC-10]
Happenings / News / Press Coverage
CHOLA MS LAUNCHES CLICK EASY OVERSEAS TRAVEL INSURANCE Introduces Leisure, Business and Student Travel Insurance Plans Chennai, July 16, 2010: Cholamandalam MS General Insurance Company Ltd. (Chola MS), a joint venture of the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan, today announced the launch of CLICK EASY Travel Insurance at their website www.cholainsurance.com. Customers can now do simple, transparent and paperless transactions to purchase Leisure, Business and Student Travel Insurance policies online. The company aims to sell 10% of its total travel insurance policies online for the year 2010-11. Speaking on the occasion Mr. S.S. Gopalarathnam, Managing Director, Chola MS said, “Click Easy Travel Insurance finds its opportunity gap on 2 trends. Firstly, the outbound traffic from the country is growing at 20% and will reach around 13 million (2010-11) passengers travelling abroad for tourism, business & studies. Secondly, more and more ticketing is happening online. IATA is working towards selling all its tickets online globally by 2011. Click Easy Travel Insurance offers a simple and cost-effective way of buying travel insurance by the click.
Cholamandalam Ms General Insurance Company Limitedhttp://www.indiamart.com/cmgicl/
Mr. Shivakumar Shankar
2nd Floor, "Dare House", No 2, Nsc Bose Road,, Chennai - 600 001, Tamil Nadu, India