Chola MS General Insurance Company Limited is a Joint Venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan.
Chola MS offers a wide range of insurance products that include Motor, Health, Property, Accident, Engineering, Liability, Marine, Travel and Crop insurance for individuals and corporates. In 2018, the company achieved a Gross Written Premium (GWP) of INR 41,026 million. Chola MS currently has 87 branches and over 34,000 agents across the country.
Chola MS champions a brand philosophy called T3, which stands for Trust, Transparency, and Technology. It has also been consistently recognised and awarded by the Government of India, international entities and ratings agencies for its insurance service and delivery innovations.
Some of the awards that the company has bagged over the recent years include:
- Golden Peacock Award – For Best Practices in Risk Management by Institute of Directors.
- Tamil Nadu Award – Pride of BFSI Industry for Performance, Growth, Market Performance, Customer Service & Technology.
- Times Ascent Award – Dream Company to Work for in 2017 in the Private Sector.
- Best CSR Practices Award.
Cholamandalam MS offer their health insurance in India to insureds the option of availing quality treatment at more than 6500+ leading hospitals across the country. They have an incurred claims ratio of 35.00%, and also covered 18.06 lac lives during the same year 2018-19, as per the data provided by IRDAI.