Cholamandalam MS General Insurance Company Ltd (Chola MS) is an Indian insurance firm and a joint venture between the

Murugappa Group Murugappa Group is an Indian conglomerate founded in 1900. The Group has 28 businesses including nine companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carborundum Universal Ltd., Chol ...

, an Indian conglomerate, and the

Mitsui Sumitomo Insurance Group is a Japanese insurance holding company headquartered in Tokyo, Japan. MSIG was formed in 2001 from the merger of Mitsui Marine & Fire Insurance Co. (itself descended from the Taishō Marine and Fire Insurance Co. founded in 1918) and The Sumi ...

, 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. 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 scheme run by the Ministry of Labour & Employment, Government of India.

IndusInd Bank IndusInd Bank Limited is an Indian financial services headquartered in Mumbai (Maharashtra). The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank was inaugurated in April 1994 by then Union Financ ...

offers Insurance for individuals as well as corporate customers in association with Chola MS. 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.

Organisational structure

Currently there are around 704 Chola MS employees. This organisational structure is spearheaded by V. Suryanarayanan, managing director.

Awards and recognition

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.

References

External links

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Chola MS Auto Insurance

{{Mitsui, state=autocollapse Financial services companies established in 2001 General insurance companies of India MS&AD Insurance Group Financial services companies based in Chennai Murugappa Group 2001 establishments in Tamil Nadu Indian companies established in 2001