Cholamandalam_MS_General_Insurance Knowpia

Chola MS General Insurance Company Ltd
Company type	Private
Industry	Financial services
Founded	2001
Headquarters	Chennai, Tamil Nadu, India
Key people	Suryanarayanan V, MD
Products	General insurance; car insurance; Two wheeler insurance; Commercial vehicle insurance; Health insurance; Property insurance; Travel insurance; Accident insurance; Marine insurance; Crop insurance;
Parent	Murugappa Group; Mitsui Sumitomo Insurance Group
Website	www.cholainsurance.com

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.

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]

Organisational structure edit

Currently^[when?] there are around 704 Chola MS employees. This organisational structure is spearheaded by V. Suryanarayanan, managing director.^[7]

Awards and recognition edit

The company has been recognised as the best insurance company 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. This award was given for settling the claims in time for the hospitals offering cashless treatment facilities to the below poverty line families in various districts across the country.^[8]

References edit

^ "Chola MS launches new pan-India identity". The Hindu. 10 December 2010. Retrieved 10 December 2010.
^ "40% GWP growth for Cholamandalam MS General Insurance". The Financial Express. 2 January 2012. Archived from the original on 6 March 2014. Retrieved 28 June 2012.
^ "Chola MS Auto Insurance: Coverage, Claims, Benefits || Cholamandalam Car Insurance". surecuet. Retrieved 22 March 2023.
^ "Chola MS receives Best Claims Settlement Award 2nd year in a row". APN News. 10 April 2012. Retrieved 10 April 2012.
^ "Insurance". IndusInd Bank. 10 April 2010. Retrieved 10 April 2010.
^ "Chola MS General Insurance bags Financial Insights Innovation Award". The Economic Times. 14 September 2011. Retrieved 14 September 2011.
^ "Management Team". Cholainsurance.com. 1 August 2020. Retrieved 1 August 2020.
^ "Chola MS receives Best Claims Settlement Award 2nd year in a row". News Wala. 10 April 2011. Archived from the original on 15 April 2012. Retrieved 10 April 2011.