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 by A. M. Murugappa Chettiar. The Group has 29 businesses including 10 companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carbo ...

, 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 Sum ...

, 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 In the insurance industry, gross premiums written is the sum of both direct premiums written (see next paragraph) and assumed premiums written, before deducting ceded reinsurance. Direct premiums written represents the premiums on all policies the ...

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 banking and financial services company based in Mumbai. It was established in April 1994 and promoted by the Hinduja Group. History IndusInd Bank was among nine 'new-generation' banks that obtained a bankin ...

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.

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

* {{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