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Company profile

Cholamandalam


Cholamandalam MS General Insurance Chola MS General Insurance Company Ltd Cholamandalam MS General Insurance.svg Type Public Listed Company Traded as BSE: 511243 NSE: CHOLAFIN Industry Insurance Founded 2001 Headquarters Chennai, India Key people Gopalaratnam S.S, MD[1] Products General insurance Net income Increase ₹46 billion (US$640 million) Number of employees 3414 (as March 2018) Parent MS Insurance Group (Japan) Murugappa Group Website Chola MS General Insurance 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 (MSIG), a Japanese insurance company. The firm produces a range of insurance products, including accident, engineering, health, liability, marine, motor, property, travel and rural insurance for individuals and corporate insurance. The company achieved a Gross Written Premium (GWP)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 was named the best insurance company in India for In time Claims Settlement for the year 2011 - 12 in the Rashtriya Swasthya Bima Yojana (RSBY) scheme run by the Ministry of Labour & Employment, Government of India.[3] IndusInd Bank offers Insurance for individuals as well as corporate customers in association with Chola MS.[4] 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


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